GLORY STONE: 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.
GLORY STONE
Largest movements
- Cash -€611,352
down €611,352 (-91.4%), from €668,615 to €57,263
mainly Current investments (-€562,021) and Investment in fixed assets (net) (-€79,000)
- Current investments +€562,021
up €562,021 (+154%), from €364,159 to €926,181
- Financial fixed assets +€79,000
up €79,000 (+3,591%), from €2,200 to €81,200
- Receivables within one year -€29,176
down €29,176 (-49.1%), from €59,478 to €30,302
of which Other amounts receivable: -€16,910
- Advances received -€20,520
down €20,520 (-100%), from €20,520 to €0
- Gross operating margin +€9,384
up €9,384 (+430%), from €2,182 to €11,567
- Financial income +€6,677
up €6,677 (+51.3%), from €13,016 to €19,693
- Taxes -€5,968
down €5,968 (-39.7%), from €15,042 to €9,074
- Financial charges +€1,968
up €1,968 (+336%), from €586 to €2,554
- Other operating charges +€196
up €196 (+10.4%), from €1,886 to €2,082
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 | €1,766,223 | €1,778,844 | +€12,621 | +0.7% |
| Fixed assets | 21/28 | €2,200 | €81,200 | +€79,000 | +3,591% |
| Financial fixed assets | 28 | €2,200 | €81,200 | +€79,000 | +3,591% |
| Current assets | 29/58 | €1,764,023 | €1,697,644 | -€66,379 | -3.8% |
| Amounts receivable after more than one year | 29 | €671,254 | €683,337 | +€12,083 | +1.8% |
| Other amounts receivable | 291 | €671,254 | €683,337 | +€12,083 | +1.8% |
| Amounts receivable within one year | 40/41 | €59,478 | €30,302 | -€29,176 | -49.1% |
| Trade receivables | 40 | €19,210 | €6,944 | -€12,266 | -63.8% |
| Other amounts receivable | 41 | €40,268 | €23,358 | -€16,910 | -42.0% |
| Current investments | 50/53 | €364,159 | €926,181 | +€562,021 | +154% |
| Cash at bank and in hand | 54/58 | €668,615 | €57,263 | -€611,352 | -91.4% |
| Deferred charges and accrued income | 490/1 | €517 | €562 | +€45 | +8.6% |
| Total equity and liabilities | 10/49 | €1,766,223 | €1,778,844 | +€12,621 | +0.7% |
| Equity | 10/15 | €1,739,992 | €1,757,542 | +€17,550 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,410 | +€17,550 | +944% |
| Distributable reserves | 133 | €1,860 | €19,410 | +€17,550 | +944% |
| Profit (loss) carried forward | 14 | €1,719,532 | €1,719,532 | = | 0.0% |
| Amounts payable | 17/49 | €26,231 | €21,302 | -€4,929 | -18.8% |
| Amounts payable within one year | 42/48 | €26,231 | €21,302 | -€4,929 | -18.8% |
| Financial debts | 43 | €136 | €199 | +€63 | +46.0% |
| Credit institutions | 430/8 | €136 | €199 | +€63 | +46.0% |
| Trade debts | 44 | €1,911 | €7,855 | +€5,943 | +311% |
| Suppliers | 440/4 | €1,911 | €7,855 | +€5,943 | +311% |
| Advances received on contracts in progress | 46 | €20,520 | €0 | -€20,520 | -100% |
| Taxes, remuneration and social security | 45 | €3,664 | €13,248 | +€9,585 | +262% |
| Taxes | 450/3 | €3,664 | €13,248 | +€9,585 | +262% |
| Other operating charges | 640/8 | €1,886 | €2,082 | +€196 | +10.4% |
| Gross operating margin | 9900 | €2,182 | €11,567 | +€9,384 | +430% |
| Operating profit (loss) | 9901 | €296 | €9,485 | +€9,189 | +3,102% |
| Financial income | 75/76B | €13,016 | €19,693 | +€6,677 | +51.3% |
| Recurring financial income | 75 | €13,016 | €19,693 | +€6,677 | +51.3% |
| Financial charges | 65/66B | €586 | €2,554 | +€1,968 | +336% |
| Recurring financial charges | 65 | €586 | €2,554 | +€1,968 | +336% |
| Profit (loss) for the period before taxes | 9903 | €12,726 | €26,624 | +€13,898 | +109% |
| Income taxes | 67/77 | €15,042 | €9,074 | -€5,968 | -39.7% |
| Profit (loss) for the period | 9904 | -€2,316 | €17,550 | +€19,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,316 | €17,550 | +€19,866 |
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 15 October 2026 via checked.be.