Glou: 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.
Glou
Largest movements
- Cash -€156,094
down €156,094 (-62.4%), from €250,186 to €94,092
mainly Contributions, distributions and other (-€180,000) and Current investments (-€75,144)
- Current investments +€75,144
up €75,144 (+172.9%), from €43,454 to €118,598
- Receivables within one year +€10,147
up €10,147 (+25.4%), from €39,971 to €50,118
of which Other amounts receivable: +€19,753
- Reserves -€107,707
down €107,707 (-39.2%), from €274,920 to €167,213
- Other debts +€39,123
up €39,123 (+1187.3%), from €3,295 to €42,418
- Tax, wage and social debts -€19,811
down €19,811 (-26.3%), from €75,446 to €55,635
- Trade debts +€14,263
up €14,263 (+1254.9%), from €1,137 to €15,399
- Gross operating margin -€112,991
down €112,991 (-51.5%), from €219,259 to €106,268
- Taxes -€23,654
down €23,654 (-48.2%), from €49,050 to €25,396
- Financial income +€4,308
up €4,308 (+371.1%), from €1,161 to €5,469
- Depreciation +€3,488
up €3,488 (+70.7%), from €4,937 to €8,425
- Financial charges +€3,187
up €3,187 (+192.1%), from €1,659 to €4,845
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 | €355,675 | €283,536 | -€72,140 | -20.3% |
| Fixed assets | 21/28 | €18,947 | €17,793 | -€1,154 | -6.1% |
| Intangible fixed assets | 21 | €1,661 | €1,166 | -€495 | -29.8% |
| Tangible fixed assets | 22/27 | €17,286 | €16,626 | -€659 | -3.8% |
| Furniture and vehicles | 24 | €17,286 | €16,626 | -€659 | -3.8% |
| Current assets | 29/58 | €336,728 | €265,743 | -€70,985 | -21.1% |
| Amounts receivable within one year | 40/41 | €39,971 | €50,118 | +€10,147 | +25.4% |
| Trade receivables | 40 | €39,681 | €30,075 | -€9,606 | -24.2% |
| Other amounts receivable | 41 | €291 | €20,044 | +€19,753 | +6799.7% |
| Current investments | 50/53 | €43,454 | €118,598 | +€75,144 | +172.9% |
| Cash at bank and in hand | 54/58 | €250,186 | €94,092 | -€156,094 | -62.4% |
| Deferred charges and accrued income | 490/1 | €3,118 | €2,935 | -€183 | -5.9% |
| Total equity and liabilities | 10/49 | €355,675 | €283,536 | -€72,140 | -20.3% |
| Equity | 10/15 | €275,420 | €167,713 | -€107,707 | -39.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €274,920 | €167,213 | -€107,707 | -39.2% |
| Distributable reserves | 133 | €274,920 | €167,213 | -€107,707 | -39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,255 | €115,823 | +€35,568 | +44.3% |
| Amounts payable within one year | 42/48 | €80,069 | €113,621 | +€33,552 | +41.9% |
| Financial debts | 43 | €192 | €170 | -€22 | -11.4% |
| Credit institutions | 430/8 | €192 | €170 | -€22 | -11.4% |
| Trade debts | 44 | €1,137 | €15,399 | +€14,263 | +1254.9% |
| Suppliers | 440/4 | €1,137 | €15,399 | +€14,263 | +1254.9% |
| Taxes, remuneration and social security | 45 | €75,446 | €55,635 | -€19,811 | -26.3% |
| Taxes | 450/3 | €75,446 | €55,635 | -€19,811 | -26.3% |
| Other amounts payable | 47/48 | €3,295 | €42,418 | +€39,123 | +1187.3% |
| Accrued charges and deferred income | 492/3 | €186 | €2,202 | +€2,016 | +1083.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,937 | €8,425 | +€3,488 | +70.7% |
| Other operating charges | 640/8 | €93 | €778 | +€685 | +736.3% |
| Gross operating margin | 9900 | €219,259 | €106,268 | -€112,991 | -51.5% |
| Operating profit (loss) | 9901 | €214,229 | €97,065 | -€117,164 | -54.7% |
| Financial income | 75/76B | €1,161 | €5,469 | +€4,308 | +371.1% |
| Recurring financial income | 75 | €1,161 | €5,469 | +€4,308 | +371.1% |
| Financial charges | 65/66B | €1,659 | €4,845 | +€3,187 | +192.1% |
| Recurring financial charges | 65 | €1,659 | €4,845 | +€3,187 | +192.1% |
| Profit (loss) for the period before taxes | 9903 | €213,731 | €97,689 | -€116,042 | -54.3% |
| Income taxes | 67/77 | €49,050 | €25,396 | -€23,654 | -48.2% |
| Profit (loss) for the period | 9904 | €164,681 | €72,293 | -€92,388 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €164,681 | €72,293 | -€92,388 | -56.1% |
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 3 October 2026 via checked.be.