GLORIEUX P: what changed
GLORIEUX P
Largest movements
- Cash -€30,379
down €30,379 (-6.2%), from €490,050 to €459,671
mainly Other debts (-€67,189) and Receivables within one year (-€29,767)
- Receivables within one year +€29,767
up €29,767 (+41.3%), from €72,039 to €101,806
of which Trade receivables: +€21,891
- Tangible fixed assets -€10,203
down €10,203 (-46.1%), from €22,152 to €11,949
of which Furniture and vehicles: -€6,714
- Other debts -€67,189
down €67,189 (-70.3%), from €95,626 to €28,436
- Reserves +€61,167
up €61,167 (+13.3%), from €461,576 to €522,744
of which Distributable reserves: +€61,167
- Gross operating margin -€18,153
down €18,153 (-8.9%), from €203,527 to €185,374
- Staff costs -€15,463
down €15,463 (-15.9%), from €97,073 to €81,610
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,254 | €580,667 | -€12,587 | -2.1% |
| Fixed assets | 21/28 | €22,557 | €12,354 | -€10,203 | -45.2% |
| Tangible fixed assets | 22/27 | €22,152 | €11,949 | -€10,203 | -46.1% |
| Plant, machinery and equipment | 23 | €8,526 | €5,037 | -€3,489 | -40.9% |
| Furniture and vehicles | 24 | €13,626 | €6,912 | -€6,714 | -49.3% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €570,697 | €568,313 | -€2,384 | -0.4% |
| Stocks and contracts in progress | 3 | €5,707 | €3,476 | -€2,231 | -39.1% |
| Stocks | 30/36 | €5,707 | €3,476 | -€2,231 | -39.1% |
| Amounts receivable within one year | 40/41 | €72,039 | €101,806 | +€29,767 | +41.3% |
| Trade receivables | 40 | €65,841 | €87,732 | +€21,891 | +33.2% |
| Other amounts receivable | 41 | €6,199 | €14,075 | +€7,876 | +127% |
| Cash at bank and in hand | 54/58 | €490,050 | €459,671 | -€30,379 | -6.2% |
| Deferred charges and accrued income | 490/1 | €2,901 | €3,360 | +€459 | +15.8% |
| Total equity and liabilities | 10/49 | €593,254 | €580,667 | -€12,587 | -2.1% |
| Equity | 10/15 | €480,168 | €541,336 | +€61,167 | +12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €461,576 | €522,744 | +€61,167 | +13.3% |
| Non-distributable reserves | 130/1 | €14,693 | €14,693 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,693 | €14,693 | = | 0.0% |
| Distributable reserves | 133 | €446,883 | €508,051 | +€61,167 | +13.7% |
| Amounts payable | 17/49 | €113,086 | €39,331 | -€73,754 | -65.2% |
| Amounts payable within one year | 42/48 | €113,086 | €39,331 | -€73,754 | -65.2% |
| Trade debts | 44 | €9,986 | €9,272 | -€714 | -7.2% |
| Suppliers | 440/4 | €9,986 | €9,272 | -€714 | -7.2% |
| Taxes, remuneration and social security | 45 | €7,474 | €1,623 | -€5,851 | -78.3% |
| Taxes | 450/3 | €30 | €52 | +€22 | +73.9% |
| Remuneration and social security | 454/9 | €7,444 | €1,571 | -€5,873 | -78.9% |
| Other amounts payable | 47/48 | €95,626 | €28,436 | -€67,189 | -70.3% |
| Remuneration, social security and pensions | 62 | €97,073 | €81,610 | -€15,463 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,153 | €10,203 | -€951 | -8.5% |
| Other operating charges | 640/8 | €4,524 | €4,528 | +€4 | +0.1% |
| Gross operating margin | 9900 | €203,527 | €185,374 | -€18,153 | -8.9% |
| Operating profit (loss) | 9901 | €90,776 | €89,033 | -€1,744 | -1.9% |
| Financial income | 75/76B | €2,230 | €1,517 | -€713 | -32.0% |
| Recurring financial income | 75 | €2,230 | €1,517 | -€713 | -32.0% |
| Financial charges | 65/66B | €88 | €97 | +€9 | +9.9% |
| Recurring financial charges | 65 | €88 | €97 | +€9 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €92,918 | €90,453 | -€2,465 | -2.7% |
| Income taxes | 67/77 | €29,901 | €29,285 | -€616 | -2.1% |
| Profit (loss) for the period | 9904 | €63,016 | €61,167 | -€1,849 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,016 | €61,167 | -€1,849 | -2.9% |
Next steps
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 6 November 2026 via checked.be.