GloversBridge: 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.
GloversBridge
Largest movements
- Receivables within one year -€82,657
down €82,657 (-24.5%), from €337,859 to €255,202
of which Trade receivables: -€128,334
- Cash +€37,558
up €37,558 (+992.7%), from €3,784 to €41,342
mainly Receivables within one year (+€82,657) and Trade debts (+€29,780)
- Tangible fixed assets -€22,315
down €22,315 (-30.3%), from €73,586 to €51,272
- Advances received -€80,000
no longer reported in 2025 (was €80,000)
- Trade debts +€29,780
up €29,780 (+55.2%), from €53,928 to €83,707
- Tax, wage and social debts -€28,599
down €28,599 (-95.0%), from €30,111 to €1,511
- Debts after one year +€27,440
up €27,440 (+55.7%), from €49,300 to €76,740
of which Other amounts payable: +€40,000
- Profit (loss) carried forward -€10,042
down €10,042 (-16.9%), from €59,532 to €49,490
- Gross operating margin -€40,928
down €40,928 (-76.5%), from €53,487 to €12,559
- Financial income +€15,980
up €15,980 (+513.1%), from €3,114 to €19,094
of which Non-recurring financial income: +€8,921
- Financial charges +€6,133
up €6,133 (+221.4%), from €2,770 to €8,902
of which Non-recurring financial charges: +€3,488
- Depreciation -€1,619
down €1,619 (-6.1%), from €26,483 to €24,863
- Taxes -€1,329
down €1,329 (-15.3%), from €8,705 to €7,376
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 | €419,505 | €348,499 | -€71,006 | -16.9% |
| Fixed assets | 21/28 | €73,986 | €51,672 | -€22,315 | -30.2% |
| Tangible fixed assets | 22/27 | €73,586 | €51,272 | -€22,315 | -30.3% |
| Land and buildings | 22 | €37,606 | €26,945 | -€10,661 | -28.3% |
| Plant, machinery and equipment | 23 | €3,673 | €2,374 | -€1,299 | -35.4% |
| Furniture and vehicles | 24 | €32,308 | €21,953 | -€10,354 | -32.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €345,519 | €296,827 | -€48,691 | -14.1% |
| Amounts receivable within one year | 40/41 | €337,859 | €255,202 | -€82,657 | -24.5% |
| Trade receivables | 40 | €173,782 | €45,447 | -€128,334 | -73.8% |
| Other amounts receivable | 41 | €164,077 | €209,755 | +€45,677 | +27.8% |
| Cash at bank and in hand | 54/58 | €3,784 | €41,342 | +€37,558 | +992.7% |
| Deferred charges and accrued income | 490/1 | €3,876 | €284 | -€3,592 | -92.7% |
| Total equity and liabilities | 10/49 | €419,505 | €348,499 | -€71,006 | -16.9% |
| Equity | 10/15 | €182,678 | €172,636 | -€10,042 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,946 | €116,946 | = | 0.0% |
| Distributable reserves | 133 | €116,946 | €116,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,532 | €49,490 | -€10,042 | -16.9% |
| Amounts payable | 17/49 | €236,827 | €175,863 | -€60,964 | -25.7% |
| Amounts payable after more than one year | 17 | €49,300 | €76,740 | +€27,440 | +55.7% |
| Financial debts | 170/4 | €49,300 | €36,740 | -€12,560 | -25.5% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €187,527 | €99,123 | -€88,404 | -47.1% |
| Current portion of amounts payable after more than one year | 42 | €22,832 | €13,600 | -€9,232 | -40.4% |
| Financial debts | 43 | €657 | €304 | -€353 | -53.7% |
| Credit institutions | 430/8 | €657 | €304 | -€353 | -53.7% |
| Trade debts | 44 | €53,928 | €83,707 | +€29,780 | +55.2% |
| Suppliers | 440/4 | €53,928 | €83,707 | +€29,780 | +55.2% |
| Advances received on contracts in progress | 46 | €80,000 | - | -€80,000 | |
| Taxes, remuneration and social security | 45 | €30,111 | €1,511 | -€28,599 | -95.0% |
| Taxes | 450/3 | €30,111 | €1,511 | -€28,599 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,483 | €24,863 | -€1,619 | -6.1% |
| Other operating charges | 640/8 | €1,860 | €554 | -€1,307 | -70.2% |
| Gross operating margin | 9900 | €53,487 | €12,559 | -€40,928 | -76.5% |
| Operating profit (loss) | 9901 | €25,144 | -€12,857 | -€38,001 | |
| Financial income | 75/76B | €3,114 | €19,094 | +€15,980 | +513.1% |
| Recurring financial income | 75 | €3,114 | €10,173 | +€7,059 | +226.7% |
| Non-recurring financial income | 76B | - | €8,921 | +€8,921 | |
| Financial charges | 65/66B | €2,770 | €8,902 | +€6,133 | +221.4% |
| Recurring financial charges | 65 | €2,770 | €5,415 | +€2,645 | +95.5% |
| Non-recurring financial charges | 66B | - | €3,488 | +€3,488 | |
| Profit (loss) for the period before taxes | 9903 | €25,488 | -€2,665 | -€28,154 | |
| Income taxes | 67/77 | €8,705 | €7,376 | -€1,329 | -15.3% |
| Profit (loss) for the period | 9904 | €16,783 | -€10,042 | -€26,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,783 | -€10,042 | -€26,825 |
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 10 October 2026 via checked.be.