GLORIEUS: 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.
What changed
GLORIEUS
NACE 47.210, Retail sale of fruit and vegetables
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,598
2024 · €843-€3,441
Equity
€36,527
2024 · €39,126-€2,598
Cash
€44,181
2024 · €44,339-€158
Balance sheet total
€820,890
2024 · €884,247-€63,356
Largest movements
Assets
- Tangible fixed assets -€46,152
down €46,152 (-7.8%), from €594,085 to €547,933
of which Land and buildings: -€23,614
Equity and liabilities
- Debts after one year -€32,631
down €32,631 (-7.8%), from €420,777 to €388,146
- Other debts -€23,925
down €23,925 (-28.2%), from €84,966 to €61,041
Income statement
- Staff costs +€10,194
up €10,194 (+4.3%), from €235,831 to €246,024
- Write-downs -€9,364
no longer reported in 2025 (was €9,364)
- Gross operating margin -€7,257
down €7,257 (-2.2%), from €322,541 to €315,284
- Depreciation -€4,732
down €4,732 (-9.7%), from €49,028 to €44,296
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.
Result 2024
€843
Gross operating margin
-€7,257
Staff costs
-€10,194
Depreciation
+€4,732
Write-downs
+€9,364
Other operating charges
-€2,072
Financial income
-€1,058
Financial charges
+€2,362
Taxes
+€681
Result 2025
-€2,598
raises the resultlowers the result
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.
From operations
+€29,673
Investment
+€1,938
Financing
-€31,769
Cash 2024
€44,339
From operations (derived)
+€29,673
Net result for the year
-€2,598
Depreciation
+€44,296
Stocks and contracts
+€6,107
Receivables within one year
+€3,452
Deferred charges and accrued income
+€7,406
Trade debts
-€4,523
Tax, wage and social debts
-€540
Other debts
-€23,925
Investment (derived)
+€1,938
Investment in fixed assets (net)
+€1,938
Financing
-€31,769
Debts after one year
-€32,631
Current portion of long-term debt
+€862
Cash 2025
€44,181
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,247 | €820,890 | -€63,356 | -7.2% |
| Fixed assets | 21/28 | €598,948 | €552,715 | -€46,233 | -7.7% |
| Intangible fixed assets | 21 | €82 | - | -€82 | |
| Tangible fixed assets | 22/27 | €594,085 | €547,933 | -€46,152 | -7.8% |
| Land and buildings | 22 | €523,876 | €500,263 | -€23,614 | -4.5% |
| Plant, machinery and equipment | 23 | €25,416 | €11,444 | -€13,972 | -55.0% |
| Furniture and vehicles | 24 | €7,992 | €23 | -€7,969 | -99.7% |
| Other tangible fixed assets | 26 | €36,801 | €36,204 | -€597 | -1.6% |
| Financial fixed assets | 28 | €4,782 | €4,782 | = | 0.0% |
| Current assets | 29/58 | €285,298 | €268,176 | -€17,123 | -6.0% |
| Stocks and contracts in progress | 3 | €60,489 | €54,382 | -€6,107 | -10.1% |
| Stocks | 30/36 | €60,489 | €54,382 | -€6,107 | -10.1% |
| Amounts receivable within one year | 40/41 | €173,064 | €169,612 | -€3,452 | -2.0% |
| Trade receivables | 40 | €86,676 | €79,350 | -€7,326 | -8.5% |
| Other amounts receivable | 41 | €86,388 | €90,262 | +€3,874 | +4.5% |
| Cash at bank and in hand | 54/58 | €44,339 | €44,181 | -€158 | -0.4% |
| Deferred charges and accrued income | 490/1 | €7,406 | - | -€7,406 | |
| Total equity and liabilities | 10/49 | €884,247 | €820,890 | -€63,356 | -7.2% |
| Equity | 10/15 | €39,126 | €36,527 | -€2,598 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,078 | €26,078 | = | 0.0% |
| Distributable reserves | 133 | €26,078 | €26,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,553 | -€8,151 | -€2,598 | -46.8% |
| Amounts payable | 17/49 | €845,121 | €784,363 | -€60,758 | -7.2% |
| Amounts payable after more than one year | 17 | €420,777 | €388,146 | -€32,631 | -7.8% |
| Financial debts | 170/4 | €420,777 | €388,146 | -€32,631 | -7.8% |
| Amounts payable within one year | 42/48 | €420,880 | €392,753 | -€28,127 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €36,240 | €37,102 | +€862 | +2.4% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €129,573 | €125,049 | -€4,523 | -3.5% |
| Suppliers | 440/4 | €129,573 | €125,049 | -€4,523 | -3.5% |
| Taxes, remuneration and social security | 45 | €45,101 | €44,561 | -€540 | -1.2% |
| Taxes | 450/3 | €5,329 | €4,931 | -€398 | -7.5% |
| Remuneration and social security | 454/9 | €39,772 | €39,630 | -€143 | -0.4% |
| Other amounts payable | 47/48 | €84,966 | €61,041 | -€23,925 | -28.2% |
| Accrued charges and deferred income | 492/3 | €3,464 | €3,464 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €235,831 | €246,024 | +€10,194 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,028 | €44,296 | -€4,732 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,364 | - | -€9,364 | |
| Other operating charges | 640/8 | €3,133 | €5,206 | +€2,072 | +66.1% |
| Gross operating margin | 9900 | €322,541 | €315,284 | -€7,257 | -2.2% |
| Operating profit (loss) | 9901 | €25,185 | €19,759 | -€5,426 | -21.5% |
| Financial income | 75/76B | €1,058 | - | -€1,058 | |
| Recurring financial income | 75 | €1,058 | - | -€1,058 | |
| Financial charges | 65/66B | €22,039 | €19,677 | -€2,362 | -10.7% |
| Recurring financial charges | 65 | €22,039 | €19,677 | -€2,362 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €4,204 | €82 | -€4,123 | -98.1% |
| Income taxes | 67/77 | €3,361 | €2,680 | -€681 | -20.3% |
| Profit (loss) for the period | 9904 | €843 | -€2,598 | -€3,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €843 | -€2,598 | -€3,441 |
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 20 October 2026 via checked.be.