GLORIE: what changed
What changed
GLORIE
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€59,620
2024 · €28,003+€31,617
Equity
€151,892
2024 · €92,272+€59,620
Cash
€66,591
2024 · €69,575-€2,984
Balance sheet total
€912,796
2024 · €521,034+€391,762
Largest movements
Assets
- Tangible fixed assets +€391,131
up €391,131 (+89.3%), from €437,964 to €829,094
of which Land and buildings: +€253,536
Equity and liabilities
- Debts after one year +€184,808
up €184,808 (+111%), from €167,051 to €351,860
- Trade debts +€180,890
up €180,890 (+672%), from €26,901 to €207,791
- Reserves +€59,620
up €59,620 (+82.5%), from €72,272 to €131,892
- Other debts -€47,495
down €47,495 (-69.5%), from €68,300 to €20,805
- Current portion of long-term debt +€25,830
up €25,830 (+66.6%), from €38,786 to €64,615
Income statement
- Gross operating margin +€196,995
up €196,995 (+71.8%), from €274,543 to €471,538
- Staff costs +€73,415
up €73,415 (+44.6%), from €164,515 to €237,929
- Depreciation +€45,771
up €45,771 (+72.6%), from €63,022 to €108,793
- Other operating charges +€44,556
up €44,556 (+3,010%), from €1,480 to €46,036
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,003
Gross operating margin
+€196,995
Staff costs
-€73,415
Depreciation
-€45,771
Other operating charges
-€44,556
Financial income
+€0
Financial charges
+€195
Taxes
-€1,833
Result 2025
€59,620
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€286,301
Investment
-€499,923
Financing
+€210,638
Cash 2024
€69,575
From operations (derived)
+€286,301
Net result for the year
+€59,620
Depreciation
+€108,793
Stocks and contracts
+€661
Receivables within one year
-€1,627
Deferred charges and accrued income
-€2,649
Trade debts
+€180,890
Tax, wage and social debts
-€3,117
Other debts
-€47,495
Accrued charges and deferred income
-€8,774
Investment (derived)
-€499,923
Investment in fixed assets (net)
-€499,923
Financing
+€210,638
Debts after one year
+€184,808
Current portion of long-term debt
+€25,830
Cash 2025
€66,591
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,034 | €912,796 | +€391,762 | +75.2% |
| Fixed assets | 21/28 | €437,964 | €829,094 | +€391,131 | +89.3% |
| Tangible fixed assets | 22/27 | €437,964 | €829,094 | +€391,131 | +89.3% |
| Land and buildings | 22 | - | €253,536 | +€253,536 | |
| Plant, machinery and equipment | 23 | €35,042 | €80,436 | +€45,394 | +130% |
| Furniture and vehicles | 24 | €24,155 | €32,081 | +€7,926 | +32.8% |
| Other tangible fixed assets | 26 | €378,767 | €463,041 | +€84,274 | +22.2% |
| Current assets | 29/58 | €83,071 | €83,702 | +€631 | +0.8% |
| Stocks and contracts in progress | 3 | €3,629 | €2,968 | -€661 | -18.2% |
| Stocks | 30/36 | €3,629 | €2,968 | -€661 | -18.2% |
| Amounts receivable within one year | 40/41 | €9,866 | €11,494 | +€1,627 | +16.5% |
| Other amounts receivable | 41 | €9,866 | €11,494 | +€1,627 | +16.5% |
| Cash at bank and in hand | 54/58 | €69,575 | €66,591 | -€2,984 | -4.3% |
| Deferred charges and accrued income | 490/1 | - | €2,649 | +€2,649 | |
| Total equity and liabilities | 10/49 | €521,034 | €912,796 | +€391,762 | +75.2% |
| Equity | 10/15 | €92,272 | €151,892 | +€59,620 | +64.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,272 | €131,892 | +€59,620 | +82.5% |
| Distributable reserves | 133 | €72,272 | €131,892 | +€59,620 | +82.5% |
| Amounts payable | 17/49 | €428,762 | €760,904 | +€332,142 | +77.5% |
| Amounts payable after more than one year | 17 | €167,051 | €351,860 | +€184,808 | +111% |
| Financial debts | 170/4 | €167,051 | €351,860 | +€184,808 | +111% |
| Amounts payable within one year | 42/48 | €252,937 | €409,045 | +€156,108 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €38,786 | €64,615 | +€25,830 | +66.6% |
| Trade debts | 44 | €26,901 | €207,791 | +€180,890 | +672% |
| Suppliers | 440/4 | €26,901 | €207,791 | +€180,890 | +672% |
| Advances received on contracts in progress | 46 | €81,570 | €81,570 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €37,380 | €34,263 | -€3,117 | -8.3% |
| Taxes | 450/3 | €21,484 | €16,416 | -€5,068 | -23.6% |
| Remuneration and social security | 454/9 | €15,897 | €17,847 | +€1,951 | +12.3% |
| Other amounts payable | 47/48 | €68,300 | €20,805 | -€47,495 | -69.5% |
| Accrued charges and deferred income | 492/3 | €8,774 | - | -€8,774 | |
| Non-recurring operating income | 76A | - | €5,774 | +€5,774 | |
| Remuneration, social security and pensions | 62 | €164,515 | €237,929 | +€73,415 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,022 | €108,793 | +€45,771 | +72.6% |
| Other operating charges | 640/8 | €1,480 | €46,036 | +€44,556 | +3,010% |
| Gross operating margin | 9900 | €274,543 | €471,538 | +€196,995 | +71.8% |
| Operating profit (loss) | 9901 | €45,526 | €78,780 | +€33,254 | +73.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,442 | €10,247 | -€195 | -1.9% |
| Recurring financial charges | 65 | €10,442 | €10,247 | -€195 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €35,084 | €68,533 | +€33,449 | +95.3% |
| Income taxes | 67/77 | €7,080 | €8,913 | +€1,833 | +25.9% |
| Profit (loss) for the period | 9904 | €28,003 | €59,620 | +€31,617 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €28,003 | €59,620 | +€31,617 | +113% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.