GLOSSY: 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.
GLOSSY
Largest movements
- Receivables within one year -€13,373
down €13,373 (-92.2%), from €14,501 to €1,127
of which Other amounts receivable: -€11,855
- Cash -€8,225
down €8,225 (-6.7%), from €123,473 to €115,248
mainly Net result for the year (-€23,634) and Investment in fixed assets (net) (-€2,233)
- Tangible fixed assets -€2,081
down €2,081 (-3.4%), from €61,946 to €59,865
of which Land and buildings: -€3,359
- Profit (loss) carried forward -€23,634
down €23,634 (-13.5%), from €174,612 to €150,978
- Other debts +€2,265
new in 2025: €2,265
- Tax, wage and social debts -€2,084
down €2,084 (-24.1%), from €8,639 to €6,555
- Gross operating margin -€39,135
down €39,135, from €20,619 to -€18,515
- Taxes -€5,694
down €5,694 (-96.4%), from €5,905 to €211
- Depreciation -€375
down €375 (-8.0%), from €4,689 to €4,314
- Other operating charges -€221
down €221 (-24.2%), from €913 to €692
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 | €200,559 | €176,729 | -€23,830 | -11.9% |
| Fixed assets | 21/28 | €61,946 | €59,865 | -€2,081 | -3.4% |
| Tangible fixed assets | 22/27 | €61,946 | €59,865 | -€2,081 | -3.4% |
| Land and buildings | 22 | €59,396 | €56,037 | -€3,359 | -5.7% |
| Furniture and vehicles | 24 | €2,550 | €3,828 | +€1,278 | +50.1% |
| Current assets | 29/58 | €138,613 | €116,864 | -€21,749 | -15.7% |
| Amounts receivable within one year | 40/41 | €14,501 | €1,127 | -€13,373 | -92.2% |
| Trade receivables | 40 | €2,123 | €605 | -€1,518 | -71.5% |
| Other amounts receivable | 41 | €12,378 | €522 | -€11,855 | -95.8% |
| Cash at bank and in hand | 54/58 | €123,473 | €115,248 | -€8,225 | -6.7% |
| Deferred charges and accrued income | 490/1 | €639 | €488 | -€151 | -23.6% |
| Total equity and liabilities | 10/49 | €200,559 | €176,729 | -€23,830 | -11.9% |
| Equity | 10/15 | €188,867 | €165,233 | -€23,634 | -12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,612 | €150,978 | -€23,634 | -13.5% |
| Amounts payable | 17/49 | €11,692 | €11,496 | -€196 | -1.7% |
| Amounts payable within one year | 42/48 | €11,692 | €11,496 | -€196 | -1.7% |
| Trade debts | 44 | €3,053 | €2,676 | -€378 | -12.4% |
| Suppliers | 440/4 | €3,053 | €2,676 | -€378 | -12.4% |
| Taxes, remuneration and social security | 45 | €8,639 | €6,555 | -€2,084 | -24.1% |
| Taxes | 450/3 | €8,639 | €6,555 | -€2,084 | -24.1% |
| Other amounts payable | 47/48 | - | €2,265 | +€2,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €4,314 | -€375 | -8.0% |
| Other operating charges | 640/8 | €913 | €692 | -€221 | -24.2% |
| Gross operating margin | 9900 | €20,619 | -€18,515 | -€39,135 | |
| Operating profit (loss) | 9901 | €15,017 | -€23,522 | -€38,539 | |
| Financial income | 75/76B | €427 | €267 | -€161 | -37.6% |
| Recurring financial income | 75 | €427 | €267 | -€161 | -37.6% |
| Financial charges | 65/66B | €331 | €168 | -€163 | -49.2% |
| Recurring financial charges | 65 | €331 | €168 | -€163 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €15,114 | -€23,423 | -€38,537 | |
| Income taxes | 67/77 | €5,905 | €211 | -€5,694 | -96.4% |
| Profit (loss) for the period | 9904 | €9,209 | -€23,634 | -€32,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,209 | -€23,634 | -€32,843 |
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.