GLORIOUS GOODS: 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 GOODS
Largest movements
- Cash +€17,112
up €17,112 (+64.2%), from €26,664 to €43,777
mainly Net result for the year (+€15,383) and Debts after one year (+€8,618)
- Deferred charges and accrued income +€1,696
up €1,696 (+196%), from €867 to €2,563
- Receivables within one year +€1,561
up €1,561 (+21.6%), from €7,223 to €8,784
of which Trade receivables: +€1,581
- Profit (loss) carried forward +€15,383
up €15,383 (+46.4%), from -€33,158 to -€17,775
- Debts after one year +€8,618
up €8,618 (+23.9%), from €36,027 to €44,645
of which Financial debts: +€8,618
- Other debts -€7,338
down €7,338 (-96.1%), from €7,632 to €294
- Tax, wage and social debts +€2,733
up €2,733 (+71.7%), from €3,812 to €6,544
- Trade debts +€865
up €865 (+70.6%), from €1,225 to €2,091
- Gross operating margin +€17,299
up €17,299 (+453%), from €3,818 to €21,117
- Depreciation +€1,237
up €1,237 (+51.4%), from €2,407 to €3,644
- Financial charges +€1,055
up €1,055 (+264%), from €399 to €1,454
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,569 | €68,800 | +€20,231 | +41.7% |
| Fixed assets | 21/28 | €13,815 | €13,677 | -€139 | -1.0% |
| Intangible fixed assets | 21 | €1,031 | €646 | -€385 | -37.3% |
| Tangible fixed assets | 22/27 | €12,784 | €13,030 | +€246 | +1.9% |
| Land and buildings | 22 | €1,945 | €1,589 | -€355 | -18.3% |
| Plant, machinery and equipment | 23 | €0 | €1,895 | +€1,895 | |
| Furniture and vehicles | 24 | €10,840 | €9,546 | -€1,294 | -11.9% |
| Current assets | 29/58 | €34,754 | €55,123 | +€20,369 | +58.6% |
| Amounts receivable within one year | 40/41 | €7,223 | €8,784 | +€1,561 | +21.6% |
| Trade receivables | 40 | €2,205 | €3,785 | +€1,581 | +71.7% |
| Other amounts receivable | 41 | €5,018 | €4,999 | -€20 | -0.4% |
| Cash at bank and in hand | 54/58 | €26,664 | €43,777 | +€17,112 | +64.2% |
| Deferred charges and accrued income | 490/1 | €867 | €2,563 | +€1,696 | +196% |
| Total equity and liabilities | 10/49 | €48,569 | €68,800 | +€20,231 | +41.7% |
| Equity | 10/15 | -€158 | €15,225 | +€15,383 | |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,158 | -€17,775 | +€15,383 | +46.4% |
| Amounts payable | 17/49 | €48,727 | €53,575 | +€4,848 | +9.9% |
| Amounts payable after more than one year | 17 | €36,027 | €44,645 | +€8,618 | +23.9% |
| Financial debts | 170/4 | €36,027 | €44,645 | +€8,618 | +23.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,669 | €8,929 | -€3,740 | -29.5% |
| Trade debts | 44 | €1,225 | €2,091 | +€865 | +70.6% |
| Suppliers | 440/4 | €1,225 | €2,091 | +€865 | +70.6% |
| Taxes, remuneration and social security | 45 | €3,812 | €6,544 | +€2,733 | +71.7% |
| Taxes | 450/3 | €3,812 | €6,544 | +€2,733 | +71.7% |
| Other amounts payable | 47/48 | €7,632 | €294 | -€7,338 | -96.1% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,407 | €3,644 | +€1,237 | +51.4% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | €273 | €0 | -€273 | -100% |
| Gross operating margin | 9900 | €3,818 | €21,117 | +€17,299 | +453% |
| Operating profit (loss) | 9901 | €610 | €16,929 | +€16,318 | +2,673% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €399 | €1,454 | +€1,055 | +264% |
| Recurring financial charges | 65 | €399 | €1,454 | +€1,055 | +264% |
| Profit (loss) for the period before taxes | 9903 | €211 | €15,475 | +€15,264 | +7,228% |
| Income taxes | 67/77 | - | €92 | +€92 | |
| Profit (loss) for the period | 9904 | €211 | €15,383 | +€15,172 | +7,184% |
| Profit (loss) for the period to be appropriated | 9905 | €211 | €15,383 | +€15,172 | +7,184% |
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 21 October 2026 via checked.be.