GLOM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GLOM
Largest movements
- Receivables within one year +€85,766
up €85,766 (+43.1%), from €199,129 to €284,895
of which Trade receivables: +€110,423
- Stocks and contracts +€33,461
up €33,461 (+1.4%), from €2.4m to €2.5m
- Other debts +€159,009
up €159,009 (+19.4%), from €817,977 to €976,986
- Profit (loss) carried forward -€33,771
down €33,771 (-158%), from -€21,420 to -€55,192
- Other operating charges +€54,607
up €54,607 (+6,420%), from €851 to €55,457
- Financial charges -€32,420
down €32,420 (-24.9%), from €130,329 to €97,909
- Gross operating margin -€6,315
down €6,315 (-5.0%), from €125,910 to €119,595
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,629,113 | €2,748,666 | +€119,553 | +4.5% |
| Current assets | 29/58 | €2,629,113 | €2,748,666 | +€119,553 | +4.5% |
| Stocks and contracts in progress | 3 | €2,429,448 | €2,462,909 | +€33,461 | +1.4% |
| Stocks | 30/36 | €2,429,448 | €2,462,909 | +€33,461 | +1.4% |
| Amounts receivable within one year | 40/41 | €199,129 | €284,895 | +€85,766 | +43.1% |
| Trade receivables | 40 | €162,691 | €273,114 | +€110,423 | +67.9% |
| Other amounts receivable | 41 | €36,438 | €11,781 | -€24,657 | -67.7% |
| Cash at bank and in hand | 54/58 | €536 | €862 | +€326 | +60.8% |
| Total equity and liabilities | 10/49 | €2,629,113 | €2,748,666 | +€119,553 | +4.5% |
| Equity | 10/15 | €40,580 | €6,809 | -€33,771 | -83.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,420 | -€55,192 | -€33,771 | -158% |
| Amounts payable | 17/49 | €2,588,533 | €2,741,857 | +€153,324 | +5.9% |
| Amounts payable within one year | 42/48 | €2,587,276 | €2,740,639 | +€153,363 | +5.9% |
| Financial debts | 43 | €1,760,000 | €1,760,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,760,000 | €1,760,000 | = | 0.0% |
| Trade debts | 44 | €6,770 | €3,613 | -€3,157 | -46.6% |
| Suppliers | 440/4 | €6,770 | €3,613 | -€3,157 | -46.6% |
| Taxes, remuneration and social security | 45 | €2,529 | €41 | -€2,489 | -98.4% |
| Taxes | 450/3 | €2,529 | €41 | -€2,489 | -98.4% |
| Other amounts payable | 47/48 | €817,977 | €976,986 | +€159,009 | +19.4% |
| Accrued charges and deferred income | 492/3 | €1,257 | €1,218 | -€39 | -3.1% |
| Other operating charges | 640/8 | €851 | €55,457 | +€54,607 | +6,420% |
| Gross operating margin | 9900 | €125,910 | €119,595 | -€6,315 | -5.0% |
| Operating profit (loss) | 9901 | €125,060 | €64,138 | -€60,922 | -48.7% |
| Financial charges | 65/66B | €130,329 | €97,909 | -€32,420 | -24.9% |
| Recurring financial charges | 65 | €130,329 | €97,909 | -€32,420 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,269 | -€33,771 | -€28,502 | -541% |
| Profit (loss) for the period | 9904 | -€5,269 | -€33,771 | -€28,502 | -541% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,269 | -€33,771 | -€28,502 | -541% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.