GLORIAA: 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.
GLORIAA
Largest movements
- Cash -€3,795
down €3,795 (-28.9%), from €13,111 to €9,316
mainly Other debts (-€20,000) and Investment in fixed assets (net) (-€12,341)
- Intangible fixed assets -€1,500
down €1,500 (-28.5%), from €5,260 to €3,760
- Tangible fixed assets +€1,494
up €1,494 (+4.6%), from €32,612 to €34,106
of which Furniture and vehicles: +€2,724
- Receivables within one year +€1,138
up €1,138 (+1.9%), from €58,664 to €59,802
of which Other amounts receivable: +€932
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Trade debts +€8,450
up €8,450 (+339.9%), from €2,486 to €10,936
- Tax, wage and social debts +€7,176
up €7,176 (+51.0%), from €14,065 to €21,241
of which Remuneration and social security: +€5,293
- Profit (loss) carried forward +€6,695
up €6,695 (+14.4%), from €46,337 to €53,032
- Debts after one year -€3,792
down €3,792 (-59.3%), from €6,397 to €2,605
- Staff costs +€18,771
up €18,771 (+45.8%), from €40,955 to €59,726
- Gross operating margin +€6,198
up €6,198 (+7.7%), from €80,171 to €86,369
- Other operating charges +€2,200
up €2,200 (+114.5%), from €1,922 to €4,122
- Taxes -€1,976
down €1,976 (-31.2%), from €6,340 to €4,364
- Depreciation +€994
up €994 (+8.8%), from €11,353 to €12,347
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 | €111,854 | €109,666 | -€2,188 | -2.0% |
| Fixed assets | 21/28 | €37,872 | €37,866 | -€6 | 0.0% |
| Intangible fixed assets | 21 | €5,260 | €3,760 | -€1,500 | -28.5% |
| Tangible fixed assets | 22/27 | €32,612 | €34,106 | +€1,494 | +4.6% |
| Plant, machinery and equipment | 23 | €6,186 | €4,956 | -€1,230 | -19.9% |
| Furniture and vehicles | 24 | €26,426 | €29,150 | +€2,724 | +10.3% |
| Current assets | 29/58 | €73,982 | €71,800 | -€2,182 | -2.9% |
| Stocks and contracts in progress | 3 | €1,854 | €2,012 | +€158 | +8.5% |
| Stocks | 30/36 | €1,854 | €2,012 | +€158 | +8.5% |
| Amounts receivable within one year | 40/41 | €58,664 | €59,802 | +€1,138 | +1.9% |
| Trade receivables | 40 | - | €207 | +€207 | |
| Other amounts receivable | 41 | €58,664 | €59,596 | +€932 | +1.6% |
| Cash at bank and in hand | 54/58 | €13,111 | €9,316 | -€3,795 | -28.9% |
| Deferred charges and accrued income | 490/1 | €353 | €670 | +€317 | +89.8% |
| Total equity and liabilities | 10/49 | €111,854 | €109,666 | -€2,188 | -2.0% |
| Equity | 10/15 | €64,397 | €71,092 | +€6,695 | +10.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,337 | €53,032 | +€6,695 | +14.4% |
| Amounts payable | 17/49 | €47,457 | €38,574 | -€8,883 | -18.7% |
| Amounts payable after more than one year | 17 | €6,397 | €2,605 | -€3,792 | -59.3% |
| Financial debts | 170/4 | €6,397 | €2,605 | -€3,792 | -59.3% |
| Amounts payable within one year | 42/48 | €41,060 | €35,969 | -€5,091 | -12.4% |
| Financial debts | 43 | €4,509 | €3,791 | -€718 | -15.9% |
| Credit institutions | 430/8 | €4,509 | €3,791 | -€718 | -15.9% |
| Trade debts | 44 | €2,486 | €10,936 | +€8,450 | +339.9% |
| Suppliers | 440/4 | €2,486 | €10,936 | +€8,450 | +339.9% |
| Taxes, remuneration and social security | 45 | €14,065 | €21,241 | +€7,176 | +51.0% |
| Taxes | 450/3 | €9,396 | €11,279 | +€1,883 | +20.0% |
| Remuneration and social security | 454/9 | €4,669 | €9,962 | +€5,293 | +113.4% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €40,955 | €59,726 | +€18,771 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,353 | €12,347 | +€994 | +8.8% |
| Other operating charges | 640/8 | €1,922 | €4,122 | +€2,200 | +114.5% |
| Gross operating margin | 9900 | €80,171 | €86,369 | +€6,198 | +7.7% |
| Operating profit (loss) | 9901 | €25,941 | €10,175 | -€15,766 | -60.8% |
| Financial income | 75/76B | €2,381 | €2,549 | +€168 | +7.1% |
| Recurring financial income | 75 | €2,381 | €2,549 | +€168 | +7.1% |
| Financial charges | 65/66B | €1,292 | €1,665 | +€373 | +28.9% |
| Recurring financial charges | 65 | €1,292 | €1,665 | +€373 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €27,030 | €11,059 | -€15,971 | -59.1% |
| Income taxes | 67/77 | €6,340 | €4,364 | -€1,976 | -31.2% |
| Profit (loss) for the period | 9904 | €20,690 | €6,695 | -€13,995 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,690 | €6,695 | -€13,995 | -67.6% |
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 9 October 2026 via checked.be.