GLOMERULUS: what changed
Two fiscal 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.
GLOMERULUS
Largest movements
- Cash -€57,040
down €57,040 (-70.5%), from €80,906 to €23,865
mainly Contributions, distributions and other (-€171,893) and Current investments (-€43,642)
- Current investments +€43,642
up €43,642 (+218.7%), from €19,958 to €63,600
- Other debts -€10,214
down €10,214 (-6.5%), from €156,323 to €146,109
- Gross operating margin -€13,953
down €13,953 (-5.8%), from €242,446 to €228,494
- Taxes -€4,220
down €4,220 (-6.7%), from €62,650 to €58,430
- Financial charges +€3,138
up €3,138 (+533.5%), from €588 to €3,726
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 | €191,438 | €178,638 | -€12,800 | -6.7% |
| Fixed assets | 21/28 | €20 | €1,768 | +€1,748 | +8744.6% |
| Tangible fixed assets | 22/27 | €20 | €1,768 | +€1,748 | +8744.6% |
| Furniture and vehicles | 24 | €20 | €1,768 | +€1,748 | +8744.6% |
| Current assets | 29/58 | €191,418 | €176,870 | -€14,548 | -7.6% |
| Amounts receivable within one year | 40/41 | €90,069 | €89,017 | -€1,051 | -1.2% |
| Trade receivables | 40 | €19,196 | €18,538 | -€658 | -3.4% |
| Other amounts receivable | 41 | €70,872 | €70,479 | -€394 | -0.6% |
| Current investments | 50/53 | €19,958 | €63,600 | +€43,642 | +218.7% |
| Cash at bank and in hand | 54/58 | €80,906 | €23,865 | -€57,040 | -70.5% |
| Deferred charges and accrued income | 490/1 | €486 | €389 | -€98 | -20.1% |
| Total equity and liabilities | 10/49 | €191,438 | €178,638 | -€12,800 | -6.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €186,438 | €173,638 | -€12,800 | -6.9% |
| Amounts payable within one year | 42/48 | €186,438 | €173,638 | -€12,800 | -6.9% |
| Trade debts | 44 | €997 | €0 | -€997 | -100.0% |
| Suppliers | 440/4 | €997 | €0 | -€997 | -100.0% |
| Taxes, remuneration and social security | 45 | €29,118 | €27,529 | -€1,589 | -5.5% |
| Taxes | 450/3 | €29,118 | €27,529 | -€1,589 | -5.5% |
| Other amounts payable | 47/48 | €156,323 | €146,109 | -€10,214 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,438 | €334 | -€1,104 | -76.8% |
| Other operating charges | 640/8 | €740 | €780 | +€40 | +5.4% |
| Gross operating margin | 9900 | €242,446 | €228,494 | -€13,953 | -5.8% |
| Operating profit (loss) | 9901 | €240,269 | €227,380 | -€12,889 | -5.4% |
| Financial income | 75/76B | €6,879 | €6,669 | -€210 | -3.0% |
| Recurring financial income | 75 | €6,879 | €6,669 | -€210 | -3.0% |
| Financial charges | 65/66B | €588 | €3,726 | +€3,138 | +533.5% |
| Recurring financial charges | 65 | €588 | €3,726 | +€3,138 | +533.5% |
| Profit (loss) for the period before taxes | 9903 | €246,559 | €230,323 | -€16,236 | -6.6% |
| Income taxes | 67/77 | €62,650 | €58,430 | -€4,220 | -6.7% |
| Profit (loss) for the period | 9904 | €183,909 | €171,893 | -€12,016 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €183,909 | €171,893 | -€12,016 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.