GLORIANT: 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.
GLORIANT
Largest movements
- Tangible fixed assets -€10,300
down €10,300 (-25.0%), from €41,272 to €30,973
of which Plant, machinery and equipment: -€5,828
- Cash +€2,268
up €2,268 (+4.5%), from €50,118 to €52,386
mainly Net result for the year (+€13,590) and Depreciation (+€8,686)
- Receivables within one year +€1,114
up €1,114 (+12.3%), from €9,053 to €10,167
of which Trade receivables: +€989
- Other debts -€13,155
down €13,155 (-69.0%), from €19,062 to €5,906
- Reserves +€7,684
up €7,684 (+21.5%), from €35,723 to €43,407
of which Tax-exempt reserves: +€12,848
- Tax, wage and social debts -€2,151
down €2,151 (-60.8%), from €3,537 to €1,387
- Gross operating margin -€19,015
down €19,015 (-62.0%), from €30,674 to €11,659
- Financial income +€12,955
up €12,955 (+29028.0%), from €45 to €13,000
- Taxes -€4,940
down €4,940 (-74.9%), from €6,593 to €1,653
- Depreciation -€1,231
down €1,231 (-12.4%), from €9,917 to €8,686
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,444 | €93,525 | -€6,918 | -6.9% |
| Fixed assets | 21/28 | €41,272 | €30,973 | -€10,300 | -25.0% |
| Tangible fixed assets | 22/27 | €41,272 | €30,973 | -€10,300 | -25.0% |
| Land and buildings | 22 | €4,092 | €2,316 | -€1,777 | -43.4% |
| Plant, machinery and equipment | 23 | €33,211 | €27,383 | -€5,828 | -17.5% |
| Furniture and vehicles | 24 | €3,969 | €1,274 | -€2,695 | -67.9% |
| Current assets | 29/58 | €59,171 | €62,553 | +€3,381 | +5.7% |
| Amounts receivable within one year | 40/41 | €9,053 | €10,167 | +€1,114 | +12.3% |
| Trade receivables | 40 | €2,811 | €3,800 | +€989 | +35.2% |
| Other amounts receivable | 41 | €6,242 | €6,367 | +€125 | +2.0% |
| Cash at bank and in hand | 54/58 | €50,118 | €52,386 | +€2,268 | +4.5% |
| Total equity and liabilities | 10/49 | €100,444 | €93,525 | -€6,918 | -6.9% |
| Equity | 10/15 | €77,824 | €85,508 | +€7,684 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,723 | €43,407 | +€7,684 | +21.5% |
| Tax-exempt reserves | 132 | - | €12,848 | +€12,848 | |
| Distributable reserves | 133 | €35,723 | €30,559 | -€5,164 | -14.5% |
| Profit (loss) carried forward | 14 | €35,901 | €35,901 | = | 0.0% |
| Amounts payable | 17/49 | €22,619 | €8,017 | -€14,602 | -64.6% |
| Amounts payable within one year | 42/48 | €22,619 | €8,017 | -€14,602 | -64.6% |
| Trade debts | 44 | €20 | €724 | +€704 | +3490.8% |
| Suppliers | 440/4 | €20 | €724 | +€704 | +3490.8% |
| Taxes, remuneration and social security | 45 | €3,537 | €1,387 | -€2,151 | -60.8% |
| Taxes | 450/3 | €3,537 | €1,387 | -€2,151 | -60.8% |
| Other amounts payable | 47/48 | €19,062 | €5,906 | -€13,155 | -69.0% |
| Non-recurring operating income | 76A | - | €1,104 | +€1,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,917 | €8,686 | -€1,231 | -12.4% |
| Other operating charges | 640/8 | €408 | €418 | +€10 | +2.5% |
| Gross operating margin | 9900 | €30,674 | €11,659 | -€19,015 | -62.0% |
| Operating profit (loss) | 9901 | €20,350 | €2,556 | -€17,794 | -87.4% |
| Financial income | 75/76B | €45 | €13,000 | +€12,955 | +29028.0% |
| Recurring financial income | 75 | €45 | €13,000 | +€12,955 | +29028.0% |
| Financial charges | 65/66B | €293 | €312 | +€19 | +6.3% |
| Recurring financial charges | 65 | €293 | €312 | +€19 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €20,101 | €15,244 | -€4,857 | -24.2% |
| Income taxes | 67/77 | €6,593 | €1,653 | -€4,940 | -74.9% |
| Profit (loss) for the period | 9904 | €13,508 | €13,590 | +€83 | +0.6% |
| Transfer to tax-exempt reserves | 689 | - | €12,848 | +€12,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,508 | €743 | -€12,765 | -94.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.