GLOSSA: 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.
GLOSSA
Largest movements
- Receivables within one year -€23,464
down €23,464 (-59.5%), from €39,456 to €15,991
of which Trade receivables: -€26,056
- Tangible fixed assets +€2,250
up €2,250 (+19.4%), from €11,621 to €13,871
of which Furniture and vehicles: +€5,341
- Other debts -€7,675
no longer reported in 2025 (was €7,675)
- Trade debts -€7,194
down €7,194 (-87.0%), from €8,266 to €1,072
- Tax, wage and social debts -€3,841
down €3,841 (-53.6%), from €7,161 to €3,320
of which Taxes: -€4,226
- Short-term financial debts -€1,296
no longer reported in 2025 (was €1,296)
- Gross operating margin -€15,194
down €15,194 (-75.4%), from €20,139 to €4,945
- Taxes -€4,201
down €4,201 (-87.2%), from €4,818 to €617
- Financial charges -€504
down €504 (-79.5%), from €634 to €130
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 | €81,146 | €60,993 | -€20,153 | -24.8% |
| Fixed assets | 21/28 | €11,621 | €13,871 | +€2,250 | +19.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,621 | €13,871 | +€2,250 | +19.4% |
| Plant, machinery and equipment | 23 | - | €630 | +€630 | |
| Furniture and vehicles | 24 | €80 | €5,421 | +€5,341 | +6701.8% |
| Other tangible fixed assets | 26 | €11,541 | €7,820 | -€3,722 | -32.2% |
| Current assets | 29/58 | €69,525 | €47,122 | -€22,403 | -32.2% |
| Amounts receivable within one year | 40/41 | €39,456 | €15,991 | -€23,464 | -59.5% |
| Trade receivables | 40 | €37,376 | €11,320 | -€26,056 | -69.7% |
| Other amounts receivable | 41 | €2,080 | €4,672 | +€2,592 | +124.6% |
| Cash at bank and in hand | 54/58 | €29,751 | €30,467 | +€715 | +2.4% |
| Deferred charges and accrued income | 490/1 | €318 | €664 | +€346 | +108.9% |
| Total equity and liabilities | 10/49 | €81,146 | €60,993 | -€20,153 | -24.8% |
| Equity | 10/15 | €56,364 | €55,833 | -€531 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,964 | €43,433 | -€531 | -1.2% |
| Distributable reserves | 133 | €43,964 | €43,433 | -€531 | -1.2% |
| Amounts payable | 17/49 | €24,782 | €5,161 | -€19,622 | -79.2% |
| Amounts payable within one year | 42/48 | €24,398 | €4,393 | -€20,006 | -82.0% |
| Financial debts | 43 | €1,296 | - | -€1,296 | |
| Credit institutions | 430/8 | €1,296 | - | -€1,296 | |
| Trade debts | 44 | €8,266 | €1,072 | -€7,194 | -87.0% |
| Suppliers | 440/4 | €8,266 | €1,072 | -€7,194 | -87.0% |
| Taxes, remuneration and social security | 45 | €7,161 | €3,320 | -€3,841 | -53.6% |
| Taxes | 450/3 | €7,161 | €2,935 | -€4,226 | -59.0% |
| Remuneration and social security | 454/9 | - | €385 | +€385 | |
| Other amounts payable | 47/48 | €7,675 | - | -€7,675 | |
| Accrued charges and deferred income | 492/3 | €384 | €768 | +€384 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,156 | €4,212 | +€56 | +1.4% |
| Other operating charges | 640/8 | €625 | €612 | -€13 | -2.1% |
| Gross operating margin | 9900 | €20,139 | €4,945 | -€15,194 | -75.4% |
| Operating profit (loss) | 9901 | €15,358 | €120 | -€15,237 | -99.2% |
| Financial income | 75/76B | €3 | €96 | +€93 | +3093.4% |
| Recurring financial income | 75 | €3 | €96 | +€93 | +3093.4% |
| Financial charges | 65/66B | €634 | €130 | -€504 | -79.5% |
| Recurring financial charges | 65 | €634 | €130 | -€504 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €14,726 | €86 | -€14,640 | -99.4% |
| Income taxes | 67/77 | €4,818 | €617 | -€4,201 | -87.2% |
| Profit (loss) for the period | 9904 | €9,908 | -€531 | -€10,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,908 | -€531 | -€10,439 |
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 9 October 2026 via checked.be.