GLOMARD (Services): 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.
GLOMARD (Services)
Largest movements
- Cash -€144,896
down €144,896 (-99.3%), from €145,949 to €1,053
mainly Receivables within one year (-€94,897) and Trade debts (-€71,089)
- Receivables within one year +€94,897
up €94,897 (+6.7%), from €1.4m to €1.5m
of which Trade receivables: +€106,722
- Trade debts -€71,089
down €71,089 (-4.7%), from €1.5m to €1.4m
- Gross operating margin -€23,185
down €23,185 (-10.4%), from €222,349 to €199,164
- Depreciation -€11,784
down €11,784 (-49.1%), from €24,023 to €12,239
- Staff costs -€10,451
down €10,451 (-6.2%), from €168,933 to €158,482
- Other operating charges -€6,925
down €6,925 (-72.2%), from €9,592 to €2,667
- Financial charges -€3,726
down €3,726 (-91.9%), from €4,052 to €326
of which Non-recurring financial charges: -€3,793
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 | €1,589,000 | €1,528,207 | -€60,793 | -3.8% |
| Fixed assets | 21/28 | €21,009 | €6,883 | -€14,126 | -67.2% |
| Intangible fixed assets | 21 | €2,035 | €1,293 | -€742 | -36.5% |
| Tangible fixed assets | 22/27 | €18,074 | €4,690 | -€13,384 | -74.1% |
| Plant, machinery and equipment | 23 | €3,101 | €2,141 | -€960 | -30.9% |
| Furniture and vehicles | 24 | €14,973 | €2,549 | -€12,425 | -83.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €1,567,991 | €1,521,325 | -€46,666 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,419,759 | €1,514,655 | +€94,897 | +6.7% |
| Trade receivables | 40 | €1,267,962 | €1,374,683 | +€106,722 | +8.4% |
| Other amounts receivable | 41 | €151,797 | €139,972 | -€11,825 | -7.8% |
| Cash at bank and in hand | 54/58 | €145,949 | €1,053 | -€144,896 | -99.3% |
| Deferred charges and accrued income | 490/1 | €2,283 | €5,616 | +€3,333 | +146% |
| Total equity and liabilities | 10/49 | €1,589,000 | €1,528,207 | -€60,793 | -3.8% |
| Equity | 10/15 | €47,966 | €62,491 | +€14,525 | +30.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | - | €11,584 | +€11,584 | |
| Tax-exempt reserves | 132 | - | €11,584 | +€11,584 | |
| Profit (loss) carried forward | 14 | €34,966 | €37,907 | +€2,941 | +8.4% |
| Amounts payable | 17/49 | €1,541,034 | €1,465,716 | -€75,318 | -4.9% |
| Amounts payable within one year | 42/48 | €1,541,034 | €1,465,716 | -€75,318 | -4.9% |
| Trade debts | 44 | €1,503,050 | €1,431,960 | -€71,089 | -4.7% |
| Suppliers | 440/4 | €1,503,050 | €1,431,960 | -€71,089 | -4.7% |
| Taxes, remuneration and social security | 45 | €32,335 | €33,756 | +€1,420 | +4.4% |
| Taxes | 450/3 | €12,115 | €12,461 | +€346 | +2.9% |
| Remuneration and social security | 454/9 | €20,221 | €21,295 | +€1,074 | +5.3% |
| Other amounts payable | 47/48 | €5,649 | - | -€5,649 | |
| Remuneration, social security and pensions | 62 | €168,933 | €158,482 | -€10,451 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,023 | €12,239 | -€11,784 | -49.1% |
| Other operating charges | 640/8 | €9,592 | €2,667 | -€6,925 | -72.2% |
| Non-recurring operating charges | 66A | €1,815 | €1,973 | +€158 | +8.7% |
| Gross operating margin | 9900 | €222,349 | €199,164 | -€23,185 | -10.4% |
| Operating profit (loss) | 9901 | €17,986 | €23,802 | +€5,817 | +32.3% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €4,052 | €326 | -€3,726 | -91.9% |
| Recurring financial charges | 65 | €260 | €326 | +€67 | +25.8% |
| Non-recurring financial charges | 66B | €3,793 | - | -€3,793 | |
| Profit (loss) for the period before taxes | 9903 | €13,940 | €23,476 | +€9,536 | +68.4% |
| Transfer to deferred taxes | 680 | - | €11,584 | +€11,584 | |
| Income taxes | 67/77 | €8,723 | €8,951 | +€228 | +2.6% |
| Profit (loss) for the period | 9904 | €5,217 | €2,941 | -€2,276 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,217 | €2,941 | -€2,276 | -43.6% |
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 16 October 2026 via checked.be.