GLOMAS: 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.
GLOMAS
Largest movements
- Cash +€33,045
up €33,045 (+21.5%), from €153,887 to €186,932
mainly Net result for the year (+€111,300) and Other debts (+€11,524)
- Reserves +€31,607
up €31,607 (+7.1%), from €447,678 to €479,285
- Debts after one year -€16,586
down €16,586 (-49.1%), from €33,801 to €17,215
- Other debts +€11,524
up €11,524 (+11.6%), from €99,029 to €110,553
- Tax, wage and social debts +€9,497
up €9,497 (+55.7%), from €17,037 to €26,534
of which Taxes: +€9,480
- Financial income +€20,329
up €20,329 (+25.2%), from €80,765 to €101,094
- Taxes +€1,945
up €1,945 (+11.2%), from €17,313 to €19,258
- Financial charges -€1,729
down €1,729 (-30.2%), from €5,732 to €4,003
- Depreciation +€570
up €570 (+32.6%), from €1,748 to €2,318
- Other operating charges -€410
down €410 (-20.4%), from €2,005 to €1,595
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 | €634,654 | €670,126 | +€35,472 | +5.6% |
| Fixed assets | 21/28 | €471,190 | €473,236 | +€2,046 | +0.4% |
| Tangible fixed assets | 22/27 | €2,538 | €4,584 | +€2,046 | +80.6% |
| Furniture and vehicles | 24 | €2,538 | €4,584 | +€2,046 | +80.6% |
| Financial fixed assets | 28 | €468,652 | €468,652 | = | 0.0% |
| Current assets | 29/58 | €163,464 | €196,890 | +€33,426 | +20.4% |
| Amounts receivable within one year | 40/41 | €8,591 | €8,936 | +€345 | +4.0% |
| Other amounts receivable | 41 | €8,591 | €8,936 | +€345 | +4.0% |
| Cash at bank and in hand | 54/58 | €153,887 | €186,932 | +€33,045 | +21.5% |
| Deferred charges and accrued income | 490/1 | €986 | €1,021 | +€35 | +3.6% |
| Total equity and liabilities | 10/49 | €634,654 | €670,126 | +€35,472 | +5.6% |
| Equity | 10/15 | €465,158 | €496,765 | +€31,607 | +6.8% |
| Contributions | 10/11 | €17,480 | €17,480 | = | 0.0% |
| Reserves | 13 | €447,678 | €479,285 | +€31,607 | +7.1% |
| Distributable reserves | 133 | €447,678 | €479,285 | +€31,607 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,496 | €173,361 | +€3,865 | +2.3% |
| Amounts payable after more than one year | 17 | €33,801 | €17,215 | -€16,586 | -49.1% |
| Financial debts | 170/4 | €33,801 | €17,215 | -€16,586 | -49.1% |
| Amounts payable within one year | 42/48 | €132,429 | €153,972 | +€21,543 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €15,979 | €16,586 | +€607 | +3.8% |
| Trade debts | 44 | €384 | €299 | -€85 | -22.1% |
| Suppliers | 440/4 | €384 | €299 | -€85 | -22.1% |
| Taxes, remuneration and social security | 45 | €17,037 | €26,534 | +€9,497 | +55.7% |
| Taxes | 450/3 | €14,633 | €24,113 | +€9,480 | +64.8% |
| Remuneration and social security | 454/9 | €2,404 | €2,421 | +€17 | +0.7% |
| Other amounts payable | 47/48 | €99,029 | €110,553 | +€11,524 | +11.6% |
| Accrued charges and deferred income | 492/3 | €3,266 | €2,174 | -€1,092 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €2,318 | +€570 | +32.6% |
| Other operating charges | 640/8 | €2,005 | €1,595 | -€410 | -20.4% |
| Gross operating margin | 9900 | €37,124 | €37,380 | +€256 | +0.7% |
| Operating profit (loss) | 9901 | €33,371 | €33,467 | +€96 | +0.3% |
| Financial income | 75/76B | €80,765 | €101,094 | +€20,329 | +25.2% |
| Recurring financial income | 75 | €80,765 | €101,094 | +€20,329 | +25.2% |
| Financial charges | 65/66B | €5,732 | €4,003 | -€1,729 | -30.2% |
| Recurring financial charges | 65 | €5,732 | €4,003 | -€1,729 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €108,404 | €130,558 | +€22,154 | +20.4% |
| Income taxes | 67/77 | €17,313 | €19,258 | +€1,945 | +11.2% |
| Profit (loss) for the period | 9904 | €91,090 | €111,300 | +€20,209 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,090 | €111,300 | +€20,209 | +22.2% |
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 28 October 2026 via checked.be.