Glomarket: 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.
Glomarket
Largest movements
- Stocks and contracts -€203,507
down €203,507 (-62.4%), from €326,147 to €122,641
- Cash +€52,066
up €52,066 (+146%), from €35,769 to €87,836
mainly Stocks and contracts (+€203,507) and Depreciation (+€18,927)
- Intangible fixed assets -€19,863
down €19,863 (-39.7%), from €50,070 to €30,206
- Receivables within one year +€10,610
up €10,610 (+25.4%), from €41,761 to €52,371
of which Trade receivables: +€12,377
- Trade debts -€112,830
down €112,830 (-42.8%), from €263,456 to €150,625
- Short-term financial debts -€45,000
down €45,000 (-100%), from €45,000 to €0
- Gross operating margin +€36,224
up €36,224 (+39.4%), from €91,833 to €128,057
- Other operating charges +€17,805
up €17,805 (+2,225%), from €800 to €18,606
- Staff costs +€12,894
up €12,894 (+22.7%), from €56,813 to €69,707
- Financial income +€11,502
up €11,502 (+675%), from €1,704 to €13,206
- Financial charges +€7,177
up €7,177 (+35.7%), from €20,095 to €27,271
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 | €459,346 | €306,182 | -€153,163 | -33.3% |
| Fixed assets | 21/28 | €52,650 | €36,551 | -€16,099 | -30.6% |
| Intangible fixed assets | 21 | €50,070 | €30,206 | -€19,863 | -39.7% |
| Tangible fixed assets | 22/27 | €2,580 | €6,340 | +€3,759 | +146% |
| Plant, machinery and equipment | 23 | €1,603 | €3,326 | +€1,722 | +107% |
| Furniture and vehicles | 24 | €977 | €3,014 | +€2,037 | +209% |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €406,696 | €269,631 | -€137,064 | -33.7% |
| Stocks and contracts in progress | 3 | €326,147 | €122,641 | -€203,507 | -62.4% |
| Stocks | 30/36 | €326,147 | €122,641 | -€203,507 | -62.4% |
| Amounts receivable within one year | 40/41 | €41,761 | €52,371 | +€10,610 | +25.4% |
| Trade receivables | 40 | €18,833 | €31,210 | +€12,377 | +65.7% |
| Other amounts receivable | 41 | €22,927 | €21,161 | -€1,767 | -7.7% |
| Cash at bank and in hand | 54/58 | €35,769 | €87,836 | +€52,066 | +146% |
| Deferred charges and accrued income | 490/1 | €3,018 | €6,784 | +€3,766 | +125% |
| Total equity and liabilities | 10/49 | €459,346 | €306,182 | -€153,163 | -33.3% |
| Equity | 10/15 | €131,061 | €135,442 | +€4,382 | +3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,061 | €115,442 | +€4,382 | +3.9% |
| Distributable reserves | 133 | €111,061 | €115,442 | +€4,382 | +3.9% |
| Amounts payable | 17/49 | €328,285 | €170,740 | -€157,545 | -48.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €328,285 | €170,740 | -€157,545 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €3,472 | €0 | -€3,472 | -100% |
| Financial debts | 43 | €45,000 | €0 | -€45,000 | -100% |
| Credit institutions | 430/8 | €45,000 | €0 | -€45,000 | -100% |
| Trade debts | 44 | €263,456 | €150,625 | -€112,830 | -42.8% |
| Suppliers | 440/4 | €263,456 | €150,625 | -€112,830 | -42.8% |
| Taxes, remuneration and social security | 45 | €16,358 | €19,930 | +€3,573 | +21.8% |
| Taxes | 450/3 | €8,725 | €12,333 | +€3,608 | +41.3% |
| Remuneration and social security | 454/9 | €7,632 | €7,597 | -€35 | -0.5% |
| Other amounts payable | 47/48 | - | €184 | +€184 | |
| Remuneration, social security and pensions | 62 | €56,813 | €69,707 | +€12,894 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,233 | €18,927 | -€1,306 | -6.5% |
| Other operating charges | 640/8 | €800 | €18,606 | +€17,805 | +2,225% |
| Gross operating margin | 9900 | €91,833 | €128,057 | +€36,224 | +39.4% |
| Operating profit (loss) | 9901 | €13,987 | €20,818 | +€6,831 | +48.8% |
| Financial income | 75/76B | €1,704 | €13,206 | +€11,502 | +675% |
| Recurring financial income | 75 | €1,704 | €13,206 | +€11,502 | +675% |
| Financial charges | 65/66B | €20,095 | €27,271 | +€7,177 | +35.7% |
| Recurring financial charges | 65 | €20,095 | €27,271 | +€7,177 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,404 | €6,753 | +€11,157 | |
| Income taxes | 67/77 | €150 | €2,371 | +€2,221 | +1,482% |
| Profit (loss) for the period | 9904 | -€4,554 | €4,382 | +€8,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,554 | €4,382 | +€8,935 |
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 17 October 2026 via checked.be.