GLORIUS 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.
GLORIUS BASTARDS
Largest movements
- Stocks and contracts -€2,695
down €2,695 (-18.7%), from €14,415 to €11,721
- Cash +€1,125
up €1,125 (+41.2%), from €2,733 to €3,858
mainly Stocks and contracts (+€2,695) and Depreciation (+€523)
- Tangible fixed assets -€523
down €523 (-21.4%), from €2,441 to €1,918
- Receivables within one year +€319
up €319 (+8.4%), from €3,792 to €4,110
of which Trade receivables: +€1,137
- Reserves -€2,118
down €2,118 (-51.6%), from €4,105 to €1,987
- Tax, wage and social debts +€445
up €445, from €0 to €445
- Gross operating margin -€1,525
down €1,525, from €464 to -€1,061
- Depreciation +€347
up €347 (+197.6%), from €176 to €523
- Financial charges -€47
down €47 (-26.0%), from €180 to €133
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €23,513 | €21,607 | -€1,906 | -8.1% |
| Fixed assets | 21/28 | €2,441 | €1,918 | -€523 | -21.4% |
| Tangible fixed assets | 22/27 | €2,441 | €1,918 | -€523 | -21.4% |
| Furniture and vehicles | 24 | €2,441 | €1,918 | -€523 | -21.4% |
| Current assets | 29/58 | €21,072 | €19,689 | -€1,383 | -6.6% |
| Stocks and contracts in progress | 3 | €14,415 | €11,721 | -€2,695 | -18.7% |
| Stocks | 30/36 | €14,415 | €11,721 | -€2,695 | -18.7% |
| Amounts receivable within one year | 40/41 | €3,792 | €4,110 | +€319 | +8.4% |
| Trade receivables | 40 | €2,974 | €4,110 | +€1,137 | +38.2% |
| Other amounts receivable | 41 | €818 | €0 | -€818 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,733 | €3,858 | +€1,125 | +41.2% |
| Deferred charges and accrued income | 490/1 | €132 | €0 | -€132 | -100.0% |
| Total equity and liabilities | 10/49 | €23,513 | €21,607 | -€1,906 | -8.1% |
| Equity | 10/15 | €16,105 | €13,987 | -€2,118 | -13.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €4,105 | €1,987 | -€2,118 | -51.6% |
| Distributable reserves | 133 | €4,105 | €1,987 | -€2,118 | -51.6% |
| Amounts payable | 17/49 | €7,408 | €7,619 | +€212 | +2.9% |
| Amounts payable within one year | 42/48 | €7,408 | €7,619 | +€212 | +2.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €445 | +€445 | |
| Taxes | 450/3 | €0 | €445 | +€445 | |
| Other amounts payable | 47/48 | €7,408 | €7,175 | -€233 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €523 | +€347 | +197.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €464 | -€1,061 | -€1,525 | |
| Operating profit (loss) | 9901 | -€100 | -€1,984 | -€1,885 | -1894.0% |
| Financial charges | 65/66B | €180 | €133 | -€47 | -26.0% |
| Recurring financial charges | 65 | €180 | €133 | -€47 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€280 | -€2,118 | -€1,838 | -656.8% |
| Profit (loss) for the period | 9904 | -€280 | -€2,118 | -€1,838 | -656.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€280 | -€2,118 | -€1,838 | -656.8% |
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 12 October 2026 via checked.be.