GLOSHKEN: 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.
GLOSHKEN
Largest movements
- Stocks and contracts -€14,101
no longer reported in 2025 (was €14,101)
- Receivables within one year +€5,826
up €5,826 (+22.0%), from €26,499 to €32,326
of which Trade receivables: +€8,191
- Cash +€2,416
new in 2025: €2,416
mainly Stocks and contracts (+€14,101) and Net result for the year (+€2,665)
- Trade debts -€4,514
down €4,514 (-69.6%), from €6,488 to €1,974
- Profit (loss) carried forward +€2,665
up €2,665 (+29.8%), from €8,959 to €11,625
- Short-term financial debts -€2,609
no longer reported in 2025 (was €2,609)
- Other debts -€1,451
down €1,451 (-9.6%), from €15,051 to €13,601
- Other operating charges +€940
new in 2025: €940
- Financial charges -€423
down €423 (-61.1%), from €692 to €269
- Staff costs -€143
no longer reported in 2025 (was €143)
- Taxes -€109
down €109 (-10.1%), from €1,080 to €970
- Gross operating margin +€74
up €74 (+1.6%), from €4,619 to €4,693
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 | €41,098 | €35,253 | -€5,845 | -14.2% |
| Current assets | 29/58 | €41,098 | €35,253 | -€5,845 | -14.2% |
| Stocks and contracts in progress | 3 | €14,101 | - | -€14,101 | |
| Stocks | 30/36 | €14,101 | - | -€14,101 | |
| Amounts receivable within one year | 40/41 | €26,499 | €32,326 | +€5,826 | +22.0% |
| Trade receivables | 40 | - | €8,191 | +€8,191 | |
| Other amounts receivable | 41 | €26,499 | €24,134 | -€2,365 | -8.9% |
| Cash at bank and in hand | 54/58 | - | €2,416 | +€2,416 | |
| Deferred charges and accrued income | 490/1 | €497 | €512 | +€14 | +2.9% |
| Total equity and liabilities | 10/49 | €41,098 | €35,253 | -€5,845 | -14.2% |
| Equity | 10/15 | €14,959 | €17,625 | +€2,665 | +17.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,959 | €11,625 | +€2,665 | +29.8% |
| Amounts payable | 17/49 | €26,138 | €17,629 | -€8,510 | -32.6% |
| Amounts payable within one year | 42/48 | €26,138 | €17,629 | -€8,510 | -32.6% |
| Financial debts | 43 | €2,609 | - | -€2,609 | |
| Credit institutions | 430/8 | €2,609 | - | -€2,609 | |
| Trade debts | 44 | €6,488 | €1,974 | -€4,514 | -69.6% |
| Suppliers | 440/4 | €6,488 | €1,974 | -€4,514 | -69.6% |
| Taxes, remuneration and social security | 45 | €1,989 | €2,053 | +€64 | +3.2% |
| Taxes | 450/3 | €1,986 | €2,053 | +€68 | +3.4% |
| Remuneration and social security | 454/9 | €3 | - | -€3 | |
| Other amounts payable | 47/48 | €15,051 | €13,601 | -€1,451 | -9.6% |
| Remuneration, social security and pensions | 62 | €143 | - | -€143 | |
| Other operating charges | 640/8 | - | €940 | +€940 | |
| Gross operating margin | 9900 | €4,619 | €4,693 | +€74 | +1.6% |
| Operating profit (loss) | 9901 | €4,476 | €3,753 | -€722 | -16.1% |
| Financial income | 75/76B | €178 | €151 | -€27 | -15.2% |
| Recurring financial income | 75 | €178 | €151 | -€27 | -15.2% |
| Financial charges | 65/66B | €692 | €269 | -€423 | -61.1% |
| Recurring financial charges | 65 | €692 | €269 | -€423 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €3,962 | €3,636 | -€326 | -8.2% |
| Income taxes | 67/77 | €1,080 | €970 | -€109 | -10.1% |
| Profit (loss) for the period | 9904 | €2,882 | €2,665 | -€217 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,882 | €2,665 | -€217 | -7.5% |
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 5 October 2026 via checked.be.