GloRaeds.be: 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.
GloRaeds.be
Largest movements
- Tangible fixed assets +€113,041
up €113,041 (+44.9%), from €251,592 to €364,633
of which Land and buildings: +€100,214
- Receivables within one year +€49,649
up €49,649 (+101%), from €49,128 to €98,778
of which Trade receivables: +€48,624
- Deferred charges and accrued income -€8,738
down €8,738 (-22.4%), from €39,027 to €30,289
- Debts after one year +€89,295
up €89,295 (+47.9%), from €186,502 to €275,797
- Other debts +€34,216
up €34,216 (+35.3%), from €97,063 to €131,279
- Trade debts +€20,653
up €20,653 (+68.3%), from €30,247 to €50,900
- Tax, wage and social debts +€6,085
up €6,085 (+160%), from €3,795 to €9,879
- Depreciation +€2,199
up €2,199 (+23.4%), from €9,414 to €11,613
- Gross operating margin +€1,919
up €1,919 (+11.4%), from €16,783 to €18,702
- Financial charges -€463
down €463 (-12.0%), from €3,861 to €3,398
- Other operating charges +€268
up €268 (+18.9%), from €1,413 to €1,681
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,386 | €494,214 | +€153,828 | +45.2% |
| Fixed assets | 21/28 | €251,592 | €364,792 | +€113,199 | +45.0% |
| Tangible fixed assets | 22/27 | €251,592 | €364,633 | +€113,041 | +44.9% |
| Land and buildings | 22 | €251,592 | €351,807 | +€100,214 | +39.8% |
| Plant, machinery and equipment | 23 | - | €6,141 | +€6,141 | |
| Furniture and vehicles | 24 | - | €6,685 | +€6,685 | |
| Financial fixed assets | 28 | - | €159 | +€159 | |
| Current assets | 29/58 | €88,794 | €129,422 | +€40,628 | +45.8% |
| Amounts receivable within one year | 40/41 | €49,128 | €98,778 | +€49,649 | +101% |
| Trade receivables | 40 | €47,772 | €96,396 | +€48,624 | +102% |
| Other amounts receivable | 41 | €1,357 | €2,382 | +€1,025 | +75.6% |
| Cash at bank and in hand | 54/58 | €638 | €355 | -€283 | -44.3% |
| Deferred charges and accrued income | 490/1 | €39,027 | €30,289 | -€8,738 | -22.4% |
| Total equity and liabilities | 10/49 | €340,386 | €494,214 | +€153,828 | +45.2% |
| Equity | 10/15 | €6,306 | €8,434 | +€2,128 | +33.7% |
| Contributions | 10/11 | €18,720 | €18,720 | = | 0.0% |
| Reserves | 13 | €368 | €368 | = | 0.0% |
| Distributable reserves | 133 | €368 | €368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,782 | -€10,654 | +€2,128 | +16.6% |
| Amounts payable | 17/49 | €334,080 | €485,780 | +€151,700 | +45.4% |
| Amounts payable after more than one year | 17 | €186,502 | €275,797 | +€89,295 | +47.9% |
| Financial debts | 170/4 | €186,502 | €275,797 | +€89,295 | +47.9% |
| Amounts payable within one year | 42/48 | €147,579 | €209,984 | +€62,405 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €10,588 | €10,705 | +€117 | +1.1% |
| Trade debts | 44 | €30,247 | €50,900 | +€20,653 | +68.3% |
| Suppliers | 440/4 | €30,247 | €50,900 | +€20,653 | +68.3% |
| Advances received on contracts in progress | 46 | €5,886 | €7,221 | +€1,335 | +22.7% |
| Taxes, remuneration and social security | 45 | €3,795 | €9,879 | +€6,085 | +160% |
| Taxes | 450/3 | €3,795 | €9,879 | +€6,085 | +160% |
| Other amounts payable | 47/48 | €97,063 | €131,279 | +€34,216 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,414 | €11,613 | +€2,199 | +23.4% |
| Other operating charges | 640/8 | €1,413 | €1,681 | +€268 | +18.9% |
| Gross operating margin | 9900 | €16,783 | €18,702 | +€1,919 | +11.4% |
| Operating profit (loss) | 9901 | €5,957 | €5,409 | -€548 | -9.2% |
| Financial income | 75/76B | €7 | €117 | +€109 | +1,481% |
| Recurring financial income | 75 | €7 | €117 | +€109 | +1,481% |
| Financial charges | 65/66B | €3,861 | €3,398 | -€463 | -12.0% |
| Recurring financial charges | 65 | €3,861 | €3,398 | -€463 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €2,103 | €2,128 | +€24 | +1.2% |
| Profit (loss) for the period | 9904 | €2,103 | €2,128 | +€24 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,103 | €2,128 | +€24 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.