GLORY.G: what changed
Two fiscal 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.
GLORY.G
Largest movements
- Receivables within one year -€9,065
down €9,065 (-62.5%), from €14,493 to €5,428
of which Trade receivables: -€9,730
- Tangible fixed assets -€5,135
down €5,135 (-49.8%), from €10,313 to €5,178
of which Furniture and vehicles: -€3,512
- Stocks and contracts -€580
down €580 (-16.6%), from €3,486 to €2,906
- Deferred charges and accrued income -€547
down €547 (-100.0%), from €547 to €0
- Trade debts -€33,608
down €33,608 (-69.4%), from €48,456 to €14,848
- Profit (loss) carried forward +€8,510
up €8,510 (+18.2%), from -€46,779 to -€38,270
- Other debts +€7,260
up €7,260 (+182.5%), from €3,977 to €11,236
- Accrued charges and deferred income +€1,250
up €1,250 (+100.0%), from €1,250 to €2,500
- Tax, wage and social debts +€1,225
up €1,225 (+33.2%), from €3,691 to €4,916
of which Taxes: +€1,225
- Gross operating margin +€24,881
up €24,881 (+363.3%), from €6,849 to €31,730
- Other operating charges +€7,833
up €7,833 (+286.0%), from €2,739 to €10,572
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 | €29,477 | €14,113 | -€15,364 | -52.1% |
| Fixed assets | 21/28 | €10,913 | €5,778 | -€5,135 | -47.1% |
| Tangible fixed assets | 22/27 | €10,313 | €5,178 | -€5,135 | -49.8% |
| Plant, machinery and equipment | 23 | €2,190 | €1,107 | -€1,083 | -49.5% |
| Furniture and vehicles | 24 | €7,043 | €3,531 | -€3,512 | -49.9% |
| Other tangible fixed assets | 26 | €1,080 | €540 | -€540 | -50.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €18,564 | €8,336 | -€10,229 | -55.1% |
| Stocks and contracts in progress | 3 | €3,486 | €2,906 | -€580 | -16.6% |
| Stocks | 30/36 | €3,486 | €2,906 | -€580 | -16.6% |
| Amounts receivable within one year | 40/41 | €14,493 | €5,428 | -€9,065 | -62.5% |
| Trade receivables | 40 | €14,493 | €4,763 | -€9,730 | -67.1% |
| Other amounts receivable | 41 | - | €665 | +€665 | |
| Cash at bank and in hand | 54/58 | €38 | €2 | -€37 | -95.6% |
| Deferred charges and accrued income | 490/1 | €547 | €0 | -€547 | -100.0% |
| Total equity and liabilities | 10/49 | €29,477 | €14,113 | -€15,364 | -52.1% |
| Equity | 10/15 | -€27,896 | -€19,387 | +€8,510 | +30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283 | €283 | = | 0.0% |
| Non-distributable reserves | 130/1 | €283 | €283 | = | 0.0% |
| Reserves not available under the articles | 1311 | €283 | €283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,779 | -€38,270 | +€8,510 | +18.2% |
| Amounts payable | 17/49 | €57,373 | €33,500 | -€23,873 | -41.6% |
| Amounts payable within one year | 42/48 | €56,123 | €31,000 | -€25,123 | -44.8% |
| Trade debts | 44 | €48,456 | €14,848 | -€33,608 | -69.4% |
| Suppliers | 440/4 | €48,456 | €14,848 | -€33,608 | -69.4% |
| Taxes, remuneration and social security | 45 | €3,691 | €4,916 | +€1,225 | +33.2% |
| Taxes | 450/3 | €3,691 | €4,916 | +€1,225 | +33.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,977 | €11,236 | +€7,260 | +182.5% |
| Accrued charges and deferred income | 492/3 | €1,250 | €2,500 | +€1,250 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,958 | €5,135 | +€177 | +3.6% |
| Other operating charges | 640/8 | €2,739 | €10,572 | +€7,833 | +286.0% |
| Non-recurring operating charges | 66A | - | €6,999 | +€6,999 | |
| Gross operating margin | 9900 | €6,849 | €31,730 | +€24,881 | +363.3% |
| Operating profit (loss) | 9901 | -€848 | €9,023 | +€9,871 | |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €103 | €175 | +€72 | +70.7% |
| Recurring financial charges | 65 | €103 | €175 | +€72 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | -€950 | €8,863 | +€9,813 | |
| Income taxes | 67/77 | €461 | €353 | -€107 | -23.3% |
| Profit (loss) for the period | 9904 | -€1,411 | €8,510 | +€9,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,411 | €8,510 | +€9,921 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.