Gloria: 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.
Gloria
Largest movements
- Financial fixed assets +€15,000
up €15,000, from €0 to €15,000
- Receivables within one year -€9,020
down €9,020 (-31.8%), from €28,402 to €19,382
of which Other amounts receivable: -€12,384
- Tangible fixed assets -€5,677
down €5,677 (-33.6%), from €16,904 to €11,226
of which Furniture and vehicles: -€4,393
- Deferred charges and accrued income +€1,796
up €1,796 (+116.2%), from €1,546 to €3,342
- Cash +€1,718
up €1,718 (+2.9%), from €58,376 to €60,094
mainly Net result for the year (+€81,864) and Tax, wage and social debts (+€41,615)
- Profit (loss) carried forward -€75,783
down €75,783 (-97.4%), from €77,793 to €2,011
- Tax, wage and social debts +€41,615
up €41,615 (+168.7%), from €24,662 to €66,277
of which Taxes: +€41,599
- Other debts +€34,007
new in 2025: €34,007
- Trade debts +€3,919
up €3,919 (+1443.3%), from €272 to €4,190
- Gross operating margin +€8,019
up €8,019 (+7.7%), from €103,634 to €111,653
- Taxes +€2,800
up €2,800 (+13.6%), from €20,634 to €23,435
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 | €105,227 | €109,044 | +€3,817 | +3.6% |
| Fixed assets | 21/28 | €16,904 | €26,226 | +€9,323 | +55.2% |
| Tangible fixed assets | 22/27 | €16,904 | €11,226 | -€5,677 | -33.6% |
| Plant, machinery and equipment | 23 | €4,734 | €3,449 | -€1,284 | -27.1% |
| Furniture and vehicles | 24 | €12,170 | €7,777 | -€4,393 | -36.1% |
| Financial fixed assets | 28 | €0 | €15,000 | +€15,000 | |
| Current assets | 29/58 | €88,323 | €82,818 | -€5,506 | -6.2% |
| Amounts receivable within one year | 40/41 | €28,402 | €19,382 | -€9,020 | -31.8% |
| Trade receivables | 40 | €16,018 | €19,382 | +€3,364 | +21.0% |
| Other amounts receivable | 41 | €12,384 | €0 | -€12,384 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,376 | €60,094 | +€1,718 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,546 | €3,342 | +€1,796 | +116.2% |
| Total equity and liabilities | 10/49 | €105,227 | €109,044 | +€3,817 | +3.6% |
| Equity | 10/15 | €80,293 | €4,511 | -€75,783 | -94.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,793 | €2,011 | -€75,783 | -97.4% |
| Amounts payable | 17/49 | €24,933 | €104,533 | +€79,599 | +319.2% |
| Amounts payable within one year | 42/48 | €24,933 | €104,533 | +€79,599 | +319.2% |
| Financial debts | 43 | €0 | €59 | +€59 | |
| Other loans | 439 | €0 | €59 | +€59 | |
| Trade debts | 44 | €272 | €4,190 | +€3,919 | +1443.3% |
| Suppliers | 440/4 | €272 | €4,190 | +€3,919 | +1443.3% |
| Taxes, remuneration and social security | 45 | €24,662 | €66,277 | +€41,615 | +168.7% |
| Taxes | 450/3 | €22,062 | €63,661 | +€41,599 | +188.6% |
| Remuneration and social security | 454/9 | €2,600 | €2,616 | +€16 | +0.6% |
| Other amounts payable | 47/48 | - | €34,007 | +€34,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,609 | €5,677 | +€1,068 | +23.2% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €103,634 | €111,653 | +€8,019 | +7.7% |
| Operating profit (loss) | 9901 | €98,497 | €105,432 | +€6,935 | +7.0% |
| Financial income | 75/76B | €385 | €18 | -€368 | -95.5% |
| Recurring financial income | 75 | €385 | €18 | -€368 | -95.5% |
| Financial charges | 65/66B | €455 | €150 | -€304 | -66.9% |
| Recurring financial charges | 65 | €455 | €150 | -€304 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €98,428 | €105,299 | +€6,871 | +7.0% |
| Income taxes | 67/77 | €20,634 | €23,435 | +€2,800 | +13.6% |
| Profit (loss) for the period | 9904 | €77,793 | €81,864 | +€4,071 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,793 | €81,864 | +€4,071 | +5.2% |
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 4 October 2026 via checked.be.