GLOMABEL: 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.
GLOMABEL
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€18,395
up €18,395 (+59.4%), from €30,989 to €49,385
of which Trade receivables: +€13,795
- Tangible fixed assets -€4,326
down €4,326 (-8.4%), from €51,789 to €47,463
of which Other tangible fixed assets: -€5,209
- Cash -€3,867
down €3,867 (-10.3%), from €37,655 to €33,788
mainly Contributions, distributions and other (-€110,000) and Receivables within one year (-€18,395)
- Reserves -€72,500
down €72,500 (-65.9%), from €110,000 to €37,500
- Other debts +€49,582
up €49,582 (+1927.7%), from €2,572 to €52,154
- Tax, wage and social debts -€14,365
down €14,365 (-69.9%), from €20,538 to €6,173
- Debts after one year -€5,977
down €5,977 (-23.3%), from €25,607 to €19,630
- Accrued charges and deferred income +€1,937
new in 2025: €1,937
- Gross operating margin +€3,256
up €3,256 (+5.3%), from €61,656 to €64,913
- Financial charges +€1,249
up €1,249 (+34.9%), from €3,579 to €4,828
- Other operating charges +€1,207
up €1,207 (+106.2%), from €1,136 to €2,343
- Depreciation +€755
up €755 (+8.9%), from €8,436 to €9,191
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.
Cash bridge derived
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 | €171,135 | €131,526 | -€39,609 | -23.1% |
| Fixed assets | 21/28 | €51,789 | €47,463 | -€4,326 | -8.4% |
| Tangible fixed assets | 22/27 | €51,789 | €47,463 | -€4,326 | -8.4% |
| Furniture and vehicles | 24 | €9,663 | €10,546 | +€883 | +9.1% |
| Other tangible fixed assets | 26 | €42,126 | €36,916 | -€5,209 | -12.4% |
| Current assets | 29/58 | €119,347 | €84,063 | -€35,283 | -29.6% |
| Amounts receivable within one year | 40/41 | €30,989 | €49,385 | +€18,395 | +59.4% |
| Trade receivables | 40 | €27,089 | €40,885 | +€13,795 | +50.9% |
| Other amounts receivable | 41 | €3,900 | €8,500 | +€4,600 | +117.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €37,655 | €33,788 | -€3,867 | -10.3% |
| Deferred charges and accrued income | 490/1 | €702 | €891 | +€188 | +26.8% |
| Total equity and liabilities | 10/49 | €171,135 | €131,526 | -€39,609 | -23.1% |
| Equity | 10/15 | €116,029 | €43,156 | -€72,873 | -62.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €37,500 | -€72,500 | -65.9% |
| Distributable reserves | 133 | €110,000 | €37,500 | -€72,500 | -65.9% |
| Profit (loss) carried forward | 14 | €1,029 | €656 | -€373 | -36.3% |
| Amounts payable | 17/49 | €55,106 | €88,370 | +€33,264 | +60.4% |
| Amounts payable after more than one year | 17 | €25,607 | €19,630 | -€5,977 | -23.3% |
| Financial debts | 170/4 | €25,607 | €19,630 | -€5,977 | -23.3% |
| Amounts payable within one year | 42/48 | €29,499 | €66,802 | +€37,303 | +126.5% |
| Current portion of amounts payable after more than one year | 42 | €5,714 | €5,977 | +€263 | +4.6% |
| Trade debts | 44 | €675 | €2,499 | +€1,823 | +270.1% |
| Suppliers | 440/4 | €675 | €2,499 | +€1,823 | +270.1% |
| Taxes, remuneration and social security | 45 | €20,538 | €6,173 | -€14,365 | -69.9% |
| Taxes | 450/3 | €20,538 | €6,173 | -€14,365 | -69.9% |
| Other amounts payable | 47/48 | €2,572 | €52,154 | +€49,582 | +1927.7% |
| Accrued charges and deferred income | 492/3 | - | €1,937 | +€1,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,436 | €9,191 | +€755 | +8.9% |
| Other operating charges | 640/8 | €1,136 | €2,343 | +€1,207 | +106.2% |
| Gross operating margin | 9900 | €61,656 | €64,913 | +€3,256 | +5.3% |
| Operating profit (loss) | 9901 | €52,084 | €53,379 | +€1,295 | +2.5% |
| Financial income | 75/76B | €385 | €2 | -€383 | -99.5% |
| Recurring financial income | 75 | €385 | €2 | -€383 | -99.5% |
| Financial charges | 65/66B | €3,579 | €4,828 | +€1,249 | +34.9% |
| Recurring financial charges | 65 | €3,579 | €4,828 | +€1,249 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €48,891 | €48,553 | -€338 | -0.7% |
| Income taxes | 67/77 | €11,109 | €11,426 | +€318 | +2.9% |
| Profit (loss) for the period | 9904 | €37,782 | €37,127 | -€655 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,782 | €37,127 | -€655 | -1.7% |
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 9 October 2026 via checked.be.