GLORYWAY CONSULTING: 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.
GLORYWAY CONSULTING
Largest movements
- Receivables within one year -€3,389
down €3,389 (-88.4%), from €3,831 to €443
- Deferred charges and accrued income -€1,914
down €1,914 (-85.4%), from €2,241 to €327
- Tangible fixed assets -€976
down €976 (-83.2%), from €1,173 to €197
- Profit (loss) carried forward -€29,001
down €29,001 (-78.3%), from -€37,025 to -€66,026
- Other debts +€19,409
up €19,409 (+80.1%), from €24,236 to €43,645
- Tax, wage and social debts +€5,655
up €5,655 (+3,145%), from €180 to €5,835
of which Remuneration and social security: +€5,462
- Trade debts -€2,019
down €2,019 (-17.1%), from €11,782 to €9,763
- Short-term financial debts -€324
down €324 (-6.4%), from €5,072 to €4,748
- Staff costs +€29,654
new in 2025: €29,654
- Gross operating margin +€25,542
up €25,542, from -€22,393 to €3,148
- Financial charges +€493
up €493 (+82.4%), from €598 to €1,091
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,245 | €966 | -€6,279 | -86.7% |
| Fixed assets | 21/28 | €1,173 | €197 | -€976 | -83.2% |
| Tangible fixed assets | 22/27 | €1,173 | €197 | -€976 | -83.2% |
| Furniture and vehicles | 24 | €1,173 | €197 | -€976 | -83.2% |
| Current assets | 29/58 | €6,072 | €769 | -€5,303 | -87.3% |
| Amounts receivable within one year | 40/41 | €3,831 | €443 | -€3,389 | -88.4% |
| Other amounts receivable | 41 | €3,831 | €443 | -€3,389 | -88.4% |
| Deferred charges and accrued income | 490/1 | €2,241 | €327 | -€1,914 | -85.4% |
| Total equity and liabilities | 10/49 | €7,245 | €966 | -€6,279 | -86.7% |
| Equity | 10/15 | -€34,025 | -€63,026 | -€29,001 | -85.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,025 | -€66,026 | -€29,001 | -78.3% |
| Amounts payable | 17/49 | €41,270 | €63,992 | +€22,722 | +55.1% |
| Amounts payable within one year | 42/48 | €41,270 | €63,992 | +€22,722 | +55.1% |
| Financial debts | 43 | €5,072 | €4,748 | -€324 | -6.4% |
| Credit institutions | 430/8 | €5,072 | €4,748 | -€324 | -6.4% |
| Trade debts | 44 | €11,782 | €9,763 | -€2,019 | -17.1% |
| Suppliers | 440/4 | €11,782 | €9,763 | -€2,019 | -17.1% |
| Taxes, remuneration and social security | 45 | €180 | €5,835 | +€5,655 | +3,145% |
| Taxes | 450/3 | €180 | €373 | +€193 | +107% |
| Remuneration and social security | 454/9 | - | €5,462 | +€5,462 | |
| Other amounts payable | 47/48 | €24,236 | €43,645 | +€19,409 | +80.1% |
| Remuneration, social security and pensions | 62 | - | €29,654 | +€29,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €976 | = | 0.0% |
| Other operating charges | 640/8 | €421 | €235 | -€186 | -44.2% |
| Gross operating margin | 9900 | -€22,393 | €3,148 | +€25,542 | |
| Operating profit (loss) | 9901 | -€23,791 | -€27,717 | -€3,927 | -16.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €598 | €1,091 | +€493 | +82.4% |
| Recurring financial charges | 65 | €598 | €1,091 | +€493 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,388 | -€28,808 | -€4,419 | -18.1% |
| Income taxes | 67/77 | €180 | €193 | +€13 | +7.4% |
| Profit (loss) for the period | 9904 | -€24,568 | -€29,001 | -€4,432 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,568 | -€29,001 | -€4,432 | -18.0% |
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 26 October 2026 via checked.be.