Glorious Bastards: 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.
Glorious Bastards
Largest movements
- Cash +€22,606
up €22,606 (+21.2%), from €106,819 to €129,424
mainly Net result for the year (+€39,167) and Depreciation (+€23,125)
- Deferred charges and accrued income -€6,574
down €6,574 (-84.6%), from €7,769 to €1,195
- Reserves +€39,167
up €39,167 (+57.4%), from €68,209 to €107,376
- Other debts -€26,822
down €26,822 (-93.1%), from €28,810 to €1,988
- Debts after one year -€13,059
down €13,059 (-34.0%), from €38,354 to €25,295
- Trade debts +€11,673
up €11,673 (+134.2%), from €8,698 to €20,371
- Tax, wage and social debts +€3,828
up €3,828 (+29.5%), from €12,994 to €16,822
of which Taxes: +€3,824
- Staff costs -€22,430
down €22,430 (-95.6%), from €23,461 to €1,031
- Gross operating margin -€6,719
down €6,719 (-7.5%), from €89,897 to €83,178
- Taxes +€4,131
up €4,131 (+36.7%), from €11,260 to €15,391
- Depreciation +€1,894
up €1,894 (+8.9%), from €21,231 to €23,125
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 | €226,772 | €240,554 | +€13,781 | +6.1% |
| Fixed assets | 21/28 | €84,053 | €82,256 | -€1,798 | -2.1% |
| Tangible fixed assets | 22/27 | €81,053 | €79,256 | -€1,798 | -2.2% |
| Plant, machinery and equipment | 23 | €35,699 | €46,553 | +€10,854 | +30.4% |
| Furniture and vehicles | 24 | €45,355 | €32,703 | -€12,652 | -27.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €142,719 | €158,298 | +€15,579 | +10.9% |
| Stocks and contracts in progress | 3 | €24,547 | €25,437 | +€891 | +3.6% |
| Stocks | 30/36 | €24,547 | €25,437 | +€891 | +3.6% |
| Amounts receivable within one year | 40/41 | €3,585 | €2,241 | -€1,344 | -37.5% |
| Other amounts receivable | 41 | €3,585 | €2,241 | -€1,344 | -37.5% |
| Cash at bank and in hand | 54/58 | €106,819 | €129,424 | +€22,606 | +21.2% |
| Deferred charges and accrued income | 490/1 | €7,769 | €1,195 | -€6,574 | -84.6% |
| Total equity and liabilities | 10/49 | €226,772 | €240,554 | +€13,781 | +6.1% |
| Equity | 10/15 | €123,852 | €163,019 | +€39,167 | +31.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €68,209 | €107,376 | +€39,167 | +57.4% |
| Distributable reserves | 133 | €68,209 | €107,376 | +€39,167 | +57.4% |
| Profit (loss) carried forward | 14 | €5,643 | €5,643 | = | 0.0% |
| Amounts payable | 17/49 | €102,921 | €77,535 | -€25,386 | -24.7% |
| Amounts payable after more than one year | 17 | €38,354 | €25,295 | -€13,059 | -34.0% |
| Financial debts | 170/4 | €38,354 | €25,295 | -€13,059 | -34.0% |
| Amounts payable within one year | 42/48 | €63,065 | €52,240 | -€10,825 | -17.2% |
| Financial debts | 43 | €12,564 | €13,059 | +€496 | +3.9% |
| Credit institutions | 430/8 | €12,564 | €13,059 | +€496 | +3.9% |
| Trade debts | 44 | €8,698 | €20,371 | +€11,673 | +134.2% |
| Suppliers | 440/4 | €8,698 | €20,371 | +€11,673 | +134.2% |
| Taxes, remuneration and social security | 45 | €12,994 | €16,822 | +€3,828 | +29.5% |
| Taxes | 450/3 | €8,392 | €12,215 | +€3,824 | +45.6% |
| Remuneration and social security | 454/9 | €4,602 | €4,606 | +€4 | +0.1% |
| Other amounts payable | 47/48 | €28,810 | €1,988 | -€26,822 | -93.1% |
| Accrued charges and deferred income | 492/3 | €1,501 | - | -€1,501 | |
| Remuneration, social security and pensions | 62 | €23,461 | €1,031 | -€22,430 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,231 | €23,125 | +€1,894 | +8.9% |
| Other operating charges | 640/8 | €1,805 | €2,377 | +€571 | +31.6% |
| Gross operating margin | 9900 | €89,897 | €83,178 | -€6,719 | -7.5% |
| Operating profit (loss) | 9901 | €43,400 | €56,646 | +€13,246 | +30.5% |
| Financial income | 75/76B | €15 | €617 | +€602 | +4012.1% |
| Recurring financial income | 75 | €15 | €617 | +€602 | +4012.1% |
| Financial charges | 65/66B | €2,838 | €2,706 | -€132 | -4.6% |
| Recurring financial charges | 65 | €2,838 | €2,706 | -€132 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €40,578 | €54,558 | +€13,980 | +34.5% |
| Income taxes | 67/77 | €11,260 | €15,391 | +€4,131 | +36.7% |
| Profit (loss) for the period | 9904 | €29,318 | €39,167 | +€9,849 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,318 | €39,167 | +€9,849 | +33.6% |
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 10 October 2026 via checked.be.