GLORIEUX: 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
GLORIEUX
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€24,275
2024 · €10,605+€13,670
Equity
€263,737
2024 · €239,463+€24,275
Cash
€146,275
2024 · €119,822+€26,453
Balance sheet total
€791,959
2024 · €716,477+€75,482
Largest movements
Assets
- Receivables within one year +€69,216
up €69,216 (+17.9%), from €386,032 to €455,247
of which Trade receivables: +€63,405
- Cash +€26,453
up €26,453 (+22.1%), from €119,822 to €146,275
mainly Other debts (+€41,185) and Tax, wage and social debts (+€39,586)
- Tangible fixed assets -€24,575
down €24,575 (-13.2%), from €185,490 to €160,916
of which Other tangible fixed assets: -€22,583
Equity and liabilities
- Other debts +€41,185
new in 2025: €41,185
- Debts after one year -€40,893
down €40,893 (-62.9%), from €65,045 to €24,152
- Tax, wage and social debts +€39,586
up €39,586 (+37.5%), from €105,519 to €145,104
of which Taxes: +€24,179
- Reserves +€24,275
up €24,275 (+14.7%), from €165,294 to €189,569
of which Distributable reserves: +€24,275
- Trade debts +€12,362
up €12,362 (+4.8%), from €259,203 to €271,565
Income statement
- Turnover -€80,476
down €80,476 (-2.1%), from €3.8m to €3.7m
- Goods and materials -€64,921
down €64,921 (-2.6%), from €2.5m to €2.4m
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
€10,605
Turnover
-€80,476
Other operating income
-€4,961
Goods and materials
+€64,921
Services and other goods
-€4,177
Staff costs
+€20,513
Depreciation
-€555
Other operating charges
+€1,062
Other operating items
-€766
Financial income
+€11,100
Financial charges
+€1,220
Taxes
+€5,789
Result 2025
€24,275
raises the resultlowers the resultnot broken down further in the accounts
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
+€69,623
Investment
-€2,915
Financing
-€40,255
Cash 2024
€119,822
From operations (derived)
+€69,623
Net result for the year
+€24,275
Depreciation
+€27,490
Receivables within one year
-€69,216
Deferred charges and accrued income
-€4,388
Trade debts
+€12,362
Tax, wage and social debts
+€39,586
Advances received
-€1,827
Other debts
+€41,185
Accrued charges and deferred income
+€158
Investment (derived)
-€2,915
Investment in fixed assets (net)
-€2,915
Financing
-€40,255
Debts after one year
-€40,893
Current portion of long-term debt
+€637
Cash 2025
€146,275
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €716,477 | €791,959 | +€75,482 | +10.5% |
| Fixed assets | 21/28 | €188,540 | €163,966 | -€24,575 | -13.0% |
| Tangible fixed assets | 22/27 | €185,490 | €160,916 | -€24,575 | -13.2% |
| Plant, machinery and equipment | 23 | €19,073 | €17,788 | -€1,285 | -6.7% |
| Furniture and vehicles | 24 | €706 | €0 | -€706 | -100% |
| Other tangible fixed assets | 26 | €165,711 | €143,127 | -€22,583 | -13.6% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,050 | €3,050 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €527,937 | €627,994 | +€100,057 | +19.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €386,032 | €455,247 | +€69,216 | +17.9% |
| Trade receivables | 40 | €381,165 | €444,570 | +€63,405 | +16.6% |
| Other amounts receivable | 41 | €4,867 | €10,678 | +€5,811 | +119% |
| Cash at bank and in hand | 54/58 | €119,822 | €146,275 | +€26,453 | +22.1% |
| Deferred charges and accrued income | 490/1 | €22,083 | €26,471 | +€4,388 | +19.9% |
| Total equity and liabilities | 10/49 | €716,477 | €791,959 | +€75,482 | +10.5% |
| Equity | 10/15 | €239,463 | €263,737 | +€24,275 | +10.1% |
| Contributions | 10/11 | €74,169 | €74,169 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €12,169 | €12,169 | = | 0.0% |
| Share premium | 1100/10 | €12,169 | €12,169 | = | 0.0% |
| Reserves | 13 | €165,294 | €189,569 | +€24,275 | +14.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €159,094 | €183,369 | +€24,275 | +15.3% |
| Amounts payable | 17/49 | €477,015 | €528,222 | +€51,208 | +10.7% |
| Amounts payable after more than one year | 17 | €65,045 | €24,152 | -€40,893 | -62.9% |
| Financial debts | 170/4 | €65,045 | €24,152 | -€40,893 | -62.9% |
| Credit institutions | 173 | €65,045 | €24,152 | -€40,893 | -62.9% |
| Amounts payable within one year | 42/48 | €411,763 | €503,706 | +€91,942 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €40,255 | €40,893 | +€637 | +1.6% |
| Trade debts | 44 | €259,203 | €271,565 | +€12,362 | +4.8% |
| Suppliers | 440/4 | €259,203 | €271,565 | +€12,362 | +4.8% |
| Advances received on contracts in progress | 46 | €6,787 | €4,959 | -€1,827 | -26.9% |
| Taxes, remuneration and social security | 45 | €105,519 | €145,104 | +€39,586 | +37.5% |
| Taxes | 450/3 | €46,135 | €70,314 | +€24,179 | +52.4% |
| Remuneration and social security | 454/9 | €59,384 | €74,790 | +€15,406 | +25.9% |
| Other amounts payable | 47/48 | - | €41,185 | +€41,185 | |
| Accrued charges and deferred income | 492/3 | €206 | €364 | +€158 | +76.6% |
| Operating income | 70/76A | €3,805,552 | €3,719,286 | -€86,266 | -2.3% |
| Turnover | 70 | €3,784,655 | €3,704,179 | -€80,476 | -2.1% |
| Other operating income | 74 | €20,068 | €15,107 | -€4,961 | -24.7% |
| Non-recurring operating income | 76A | €829 | €0 | -€829 | -100% |
| Operating charges | 60/66A | €3,767,811 | €3,685,984 | -€81,827 | -2.2% |
| Goods for resale, raw materials and consumables | 60 | €2,472,975 | €2,408,054 | -€64,921 | -2.6% |
| Purchases | 600/8 | €2,472,975 | €2,408,054 | -€64,921 | -2.6% |
| Services and other goods | 61 | €666,709 | €670,885 | +€4,177 | +0.6% |
| Remuneration, social security and pensions | 62 | €586,879 | €566,365 | -€20,513 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,935 | €27,490 | +€555 | +2.1% |
| Other operating charges | 640/8 | €14,252 | €13,190 | -€1,062 | -7.5% |
| Non-recurring operating charges | 66A | €62 | €0 | -€62 | -100% |
| Operating profit (loss) | 9901 | €37,741 | €33,302 | -€4,439 | -11.8% |
| Financial income | 75/76B | €1 | €11,100 | +€11,100 | +1,707,668% |
| Recurring financial income | 75 | €1 | €11,100 | +€11,100 | +1,707,668% |
| Income from current assets | 751 | - | €164 | +€164 | |
| Other financial income | 752/9 | €1 | €10,936 | +€10,936 | +1,682,406% |
| Financial charges | 65/66B | €11,026 | €9,806 | -€1,220 | -11.1% |
| Recurring financial charges | 65 | €11,026 | €9,806 | -€1,220 | -11.1% |
| Debt charges | 650 | €1,999 | €1,571 | -€427 | -21.4% |
| Other financial charges | 652/9 | €9,027 | €8,235 | -€793 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €26,716 | €34,597 | +€7,881 | +29.5% |
| Income taxes | 67/77 | €16,111 | €10,322 | -€5,789 | -35.9% |
| Taxes | 670/3 | €16,111 | €11,782 | -€4,329 | -26.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €1,460 | +€1,460 | |
| Profit (loss) for the period | 9904 | €10,605 | €24,275 | +€13,670 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €10,605 | €24,275 | +€13,670 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.