Glorilo: 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.
Glorilo
Largest movements
- Current investments +€12,250
up €12,250 (+36.0%), from €34,000 to €46,250
- Cash +€10,595
up €10,595 (+47.4%), from €22,350 to €32,945
mainly Net result for the year (+€27,124) and Depreciation (+€8,799)
- Tangible fixed assets -€8,799
down €8,799 (-32.7%), from €26,874 to €18,075
- Receivables within one year +€4,692
up €4,692 (+36.8%), from €12,738 to €17,430
of which Trade receivables: +€5,479
- Reserves +€27,124
up €27,124 (+78.3%), from €34,624 to €61,747
- Debts after one year -€11,019
down €11,019 (-79.8%), from €13,809 to €2,789
- Tax, wage and social debts +€1,824
up €1,824 (+8.8%), from €20,615 to €22,438
- Gross operating margin +€7,306
up €7,306 (+20.2%), from €36,153 to €43,460
- Taxes +€1,856
up €1,856 (+31.8%), from €5,843 to €7,698
- Financial income +€593
up €593 (+144.0%), from €412 to €1,005
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,250 | €115,377 | +€19,127 | +19.9% |
| Fixed assets | 21/28 | €26,874 | €18,075 | -€8,799 | -32.7% |
| Tangible fixed assets | 22/27 | €26,874 | €18,075 | -€8,799 | -32.7% |
| Furniture and vehicles | 24 | €26,874 | €18,075 | -€8,799 | -32.7% |
| Current assets | 29/58 | €69,376 | €97,302 | +€27,926 | +40.3% |
| Amounts receivable within one year | 40/41 | €12,738 | €17,430 | +€4,692 | +36.8% |
| Trade receivables | 40 | €11,950 | €17,430 | +€5,479 | +45.8% |
| Other amounts receivable | 41 | €788 | €0 | -€788 | -100.0% |
| Current investments | 50/53 | €34,000 | €46,250 | +€12,250 | +36.0% |
| Cash at bank and in hand | 54/58 | €22,350 | €32,945 | +€10,595 | +47.4% |
| Deferred charges and accrued income | 490/1 | €288 | €678 | +€389 | +135.0% |
| Total equity and liabilities | 10/49 | €96,250 | €115,377 | +€19,127 | +19.9% |
| Equity | 10/15 | €35,624 | €62,747 | +€27,124 | +76.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €34,624 | €61,747 | +€27,124 | +78.3% |
| Distributable reserves | 133 | €34,624 | €61,747 | +€27,124 | +78.3% |
| Amounts payable | 17/49 | €60,626 | €52,630 | -€7,996 | -13.2% |
| Amounts payable after more than one year | 17 | €13,809 | €2,789 | -€11,019 | -79.8% |
| Financial debts | 170/4 | €13,809 | €2,789 | -€11,019 | -79.8% |
| Amounts payable within one year | 42/48 | €43,618 | €45,721 | +€2,103 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €10,801 | €11,019 | +€218 | +2.0% |
| Trade debts | 44 | €750 | €1,032 | +€282 | +37.6% |
| Suppliers | 440/4 | €750 | €1,032 | +€282 | +37.6% |
| Taxes, remuneration and social security | 45 | €20,615 | €22,438 | +€1,824 | +8.8% |
| Taxes | 450/3 | €20,615 | €22,438 | +€1,824 | +8.8% |
| Other amounts payable | 47/48 | €11,452 | €11,232 | -€220 | -1.9% |
| Accrued charges and deferred income | 492/3 | €3,199 | €4,119 | +€920 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,811 | €8,799 | -€12 | -0.1% |
| Other operating charges | 640/8 | €324 | €320 | -€3 | -1.0% |
| Gross operating margin | 9900 | €36,153 | €43,460 | +€7,306 | +20.2% |
| Operating profit (loss) | 9901 | €27,019 | €34,341 | +€7,322 | +27.1% |
| Financial income | 75/76B | €412 | €1,005 | +€593 | +144.0% |
| Recurring financial income | 75 | €412 | €1,005 | +€593 | +144.0% |
| Financial charges | 65/66B | €682 | €523 | -€159 | -23.3% |
| Recurring financial charges | 65 | €682 | €523 | -€159 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €26,748 | €34,822 | +€8,074 | +30.2% |
| Income taxes | 67/77 | €5,843 | €7,698 | +€1,856 | +31.8% |
| Profit (loss) for the period | 9904 | €20,905 | €27,124 | +€6,218 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,905 | €27,124 | +€6,218 | +29.7% |
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 11 October 2026 via checked.be.