GLORIAL CONSTRUCT: 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.
GLORIAL CONSTRUCT
Largest movements
- Cash +€48,974
up €48,974 (+31.9%), from €153,560 to €202,534
mainly Net result for the year (+€82,419) and Depreciation (+€289)
- Receivables within one year +€15,869
up €15,869 (+9.7%), from €163,517 to €179,386
of which Other amounts receivable: +€19,077
- Profit (loss) carried forward +€82,419
up €82,419 (+97.2%), from €84,758 to €167,177
- Trade debts -€16,370
down €16,370 (-8.1%), from €202,968 to €186,597
- Gross operating margin -€3,129
down €3,129 (-2.9%), from €107,634 to €104,504
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 | €317,366 | €381,920 | +€64,554 | +20.3% |
| Fixed assets | 21/28 | €289 | - | -€289 | |
| Tangible fixed assets | 22/27 | €289 | - | -€289 | |
| Furniture and vehicles | 24 | €289 | - | -€289 | |
| Current assets | 29/58 | €317,077 | €381,920 | +€64,843 | +20.5% |
| Amounts receivable within one year | 40/41 | €163,517 | €179,386 | +€15,869 | +9.7% |
| Trade receivables | 40 | €162,111 | €158,903 | -€3,208 | -2.0% |
| Other amounts receivable | 41 | €1,406 | €20,483 | +€19,077 | +1,357% |
| Cash at bank and in hand | 54/58 | €153,560 | €202,534 | +€48,974 | +31.9% |
| Total equity and liabilities | 10/49 | €317,366 | €381,920 | +€64,554 | +20.3% |
| Equity | 10/15 | €89,758 | €172,177 | +€82,419 | +91.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,758 | €167,177 | +€82,419 | +97.2% |
| Amounts payable | 17/49 | €227,607 | €209,743 | -€17,865 | -7.8% |
| Amounts payable within one year | 42/48 | €227,607 | €209,743 | -€17,865 | -7.8% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €202,968 | €186,597 | -€16,370 | -8.1% |
| Suppliers | 440/4 | €202,968 | €186,597 | -€16,370 | -8.1% |
| Taxes, remuneration and social security | 45 | €3,390 | €1,895 | -€1,494 | -44.1% |
| Taxes | 450/3 | €1,640 | €1,895 | +€256 | +15.6% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €289 | -€578 | -66.7% |
| Other operating charges | 640/8 | €13 | €28 | +€16 | +123% |
| Gross operating margin | 9900 | €107,634 | €104,504 | -€3,129 | -2.9% |
| Operating profit (loss) | 9901 | €106,754 | €104,187 | -€2,567 | -2.4% |
| Financial income | 75/76B | €74 | €11 | -€63 | -85.5% |
| Recurring financial income | 75 | €74 | €11 | -€63 | -85.5% |
| Financial charges | 65/66B | €430 | €726 | +€297 | +69.0% |
| Recurring financial charges | 65 | €430 | €726 | +€297 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €106,398 | €103,472 | -€2,927 | -2.8% |
| Income taxes | 67/77 | €21,640 | €21,053 | -€587 | -2.7% |
| Profit (loss) for the period | 9904 | €84,758 | €82,419 | -€2,340 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,758 | €82,419 | -€2,340 | -2.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.