GLOVEDA: 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.
GLOVEDA
Largest movements
- Receivables within one year -€42,726
down €42,726 (-24.9%), from €171,627 to €128,901
of which Trade receivables: -€39,145
- Cash +€6,886
up €6,886 (+115.0%), from €5,991 to €12,877
mainly Receivables within one year (+€42,726) and Accrued charges and deferred income (+€10,605)
- Tangible fixed assets +€3,514
up €3,514 (+51.8%), from €6,784 to €10,298
of which Other tangible fixed assets: +€3,552
- Other debts -€25,360
down €25,360 (-48.0%), from €52,866 to €27,506
- Trade debts -€15,378
down €15,378 (-30.2%), from €50,927 to €35,549
- Accrued charges and deferred income +€10,605
up €10,605 (+9060.7%), from €117 to €10,722
- Financial charges +€12,253
up €12,253 (+3511.7%), from €349 to €12,602
- Gross operating margin +€7,099
up €7,099 (+83.6%), from €8,496 to €15,595
- Financial income +€3,994
up €3,994 (+266242.7%), from €2 to €3,995
- Other operating charges -€693
down €693 (-18.6%), from €3,719 to €3,026
- Taxes +€400
up €400 (+35.0%), from €1,141 to €1,540
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 | €224,799 | €195,194 | -€29,605 | -13.2% |
| Fixed assets | 21/28 | €6,784 | €10,298 | +€3,514 | +51.8% |
| Tangible fixed assets | 22/27 | €6,784 | €10,298 | +€3,514 | +51.8% |
| Plant, machinery and equipment | 23 | €2,571 | €2,143 | -€429 | -16.7% |
| Furniture and vehicles | 24 | €4,213 | €4,603 | +€390 | +9.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €3,552 | +€3,552 | |
| Current assets | 29/58 | €218,015 | €184,897 | -€33,119 | -15.2% |
| Stocks and contracts in progress | 3 | €39,252 | €41,348 | +€2,096 | +5.3% |
| Stocks | 30/36 | €39,252 | €41,348 | +€2,096 | +5.3% |
| Amounts receivable within one year | 40/41 | €171,627 | €128,901 | -€42,726 | -24.9% |
| Trade receivables | 40 | €75,533 | €36,388 | -€39,145 | -51.8% |
| Other amounts receivable | 41 | €96,093 | €92,513 | -€3,580 | -3.7% |
| Cash at bank and in hand | 54/58 | €5,991 | €12,877 | +€6,886 | +115.0% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,770 | +€625 | +54.5% |
| Total equity and liabilities | 10/49 | €224,799 | €195,194 | -€29,605 | -13.2% |
| Equity | 10/15 | €119,374 | €119,312 | -€62 | -0.1% |
| Contributions | 10/11 | €133,000 | €133,000 | = | 0.0% |
| Reserves | 13 | €8,016 | €8,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,016 | €8,016 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,016 | €8,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,642 | -€21,703 | -€62 | -0.3% |
| Amounts payable | 17/49 | €105,426 | €75,882 | -€29,543 | -28.0% |
| Amounts payable within one year | 42/48 | €105,309 | €65,161 | -€40,148 | -38.1% |
| Trade debts | 44 | €50,927 | €35,549 | -€15,378 | -30.2% |
| Suppliers | 440/4 | €50,927 | €35,549 | -€15,378 | -30.2% |
| Taxes, remuneration and social security | 45 | €1,516 | €2,106 | +€590 | +38.9% |
| Taxes | 450/3 | €1,516 | €2,106 | +€590 | +38.9% |
| Other amounts payable | 47/48 | €52,866 | €27,506 | -€25,360 | -48.0% |
| Accrued charges and deferred income | 492/3 | €117 | €10,722 | +€10,605 | +9060.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,351 | €2,483 | +€133 | +5.6% |
| Other operating charges | 640/8 | €3,719 | €3,026 | -€693 | -18.6% |
| Gross operating margin | 9900 | €8,496 | €15,595 | +€7,099 | +83.6% |
| Operating profit (loss) | 9901 | €2,427 | €10,086 | +€7,659 | +315.6% |
| Financial income | 75/76B | €2 | €3,995 | +€3,994 | +266242.7% |
| Recurring financial income | 75 | €2 | €3,995 | +€3,994 | +266242.7% |
| Financial charges | 65/66B | €349 | €12,602 | +€12,253 | +3511.7% |
| Recurring financial charges | 65 | €349 | €12,602 | +€12,253 | +3511.7% |
| Profit (loss) for the period before taxes | 9903 | €2,080 | €1,479 | -€601 | -28.9% |
| Income taxes | 67/77 | €1,141 | €1,540 | +€400 | +35.0% |
| Profit (loss) for the period | 9904 | €939 | -€62 | -€1,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €939 | -€62 | -€1,000 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.