GLOWFISH INTERACTIVE: 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.
What changed
GLOWFISH INTERACTIVE
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€378,989
2024 · -€288,084-€90,906
Equity
-€1.0m
2024 · -€494,979-€506,489
Cash
€4,172
2024 · €7,349-€3,177
Balance sheet total
€42,731
2024 · €344,974-€302,242
Largest movements
Assets
- Intangible fixed assets -€156,717
no longer reported in 2025 (was €156,717)
- Receivables within one year -€138,081
down €138,081 (-81.3%), from €169,909 to €31,828
of which Other amounts receivable: -€143,828
- Tangible fixed assets -€4,228
down €4,228 (-43.9%), from €9,624 to €5,396
Equity and liabilities
- Current portion of long-term debt +€391,301
up €391,301 (+111.9%), from €349,777 to €741,077
- Profit (loss) carried forward -€378,989
down €378,989 (-41.9%), from -€903,799 to -€1.3m
- Debts after one year -€357,801
no longer reported in 2025 (was €357,801)
- Other debts +€268,910
new in 2025: €268,910
- Investment grants -€127,500
no longer reported in 2025 (was €127,500)
Income statement
- Financial income +€127,348
up €127,348 (+34668.6%), from €367 to €127,715
- Purchases and services -€121,239
down €121,239 (-35.0%), from €346,598 to €225,359
- Turnover +€86,324
up €86,324 (+21945.2%), from €393 to €86,717
- Gross operating margin -€41,221
down €41,221 (-118.1%), from -€34,914 to -€76,134
- Depreciation +€38,601
up €38,601 (+2071.6%), from €1,863 to €40,464
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.
Result 2024
-€288,084
Gross operating margin
-€41,221
Staff costs
-€28,597
Depreciation
-€38,601
Provisions
-€151
Other operating charges
-€80
Other operating items
-€120,481
Financial income
+€127,348
Financial charges
-€31,265
Taxes
-€358
Deferred taxes and other
+€42,500
Result 2025
-€378,989
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.
From operations
-€29,658
Investment
+€120,481
Financing
-€94,000
Cash 2024
€7,349
From operations (derived)
-€29,658
Net result for the year
-€378,989
Depreciation
+€40,464
Receivables within one year
+€138,081
Deferred charges and accrued income
+€40
Provisions
-€42,349
Trade debts
-€53,880
Tax, wage and social debts
-€1,935
Other debts
+€268,910
Investment (derived)
+€120,481
Investment in fixed assets (net)
+€120,481
Financing
-€94,000
Debts after one year
-€357,801
Current portion of long-term debt
+€391,301
Contributions, distributions and other
-€127,500
Cash 2025
€4,172
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,974 | €42,731 | -€302,242 | -87.6% |
| Fixed assets | 21/28 | €166,341 | €5,396 | -€160,945 | -96.8% |
| Intangible fixed assets | 21 | €156,717 | - | -€156,717 | |
| Tangible fixed assets | 22/27 | €9,624 | €5,396 | -€4,228 | -43.9% |
| Plant, machinery and equipment | 23 | €9,624 | €5,396 | -€4,228 | -43.9% |
| Current assets | 29/58 | €178,633 | €37,335 | -€141,298 | -79.1% |
| Amounts receivable within one year | 40/41 | €169,909 | €31,828 | -€138,081 | -81.3% |
| Trade receivables | 40 | €302 | €6,050 | +€5,747 | +1901.0% |
| Other amounts receivable | 41 | €169,607 | €25,779 | -€143,828 | -84.8% |
| Cash at bank and in hand | 54/58 | €7,349 | €4,172 | -€3,177 | -43.2% |
| Deferred charges and accrued income | 490/1 | €1,375 | €1,335 | -€40 | -2.9% |
| Total equity and liabilities | 10/49 | €344,974 | €42,731 | -€302,242 | -87.6% |
| Equity | 10/15 | -€494,979 | -€1,001,468 | -€506,489 | -102.3% |
| Contributions | 10/11 | €281,200 | €281,200 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €219,200 | €219,200 | = | 0.0% |
| Share premium | 1100/10 | €219,200 | €219,200 | = | 0.0% |
| Reserves | 13 | €120 | €120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Legal reserve | 130 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€903,799 | -€1,282,788 | -€378,989 | -41.9% |
| Investment grants | 15 | €127,500 | - | -€127,500 | |
| Provisions and deferred taxes | 16 | €42,500 | €151 | -€42,349 | -99.6% |
| Provisions for liabilities and charges | 160/5 | - | €151 | +€151 | |
| Pensions and similar obligations | 160 | - | €151 | +€151 | |
| Deferred taxes | 168 | €42,500 | - | -€42,500 | |
| Amounts payable | 17/49 | €797,452 | €1,044,048 | +€246,596 | +30.9% |
| Amounts payable after more than one year | 17 | €357,801 | - | -€357,801 | |
| Financial debts | 170/4 | €357,801 | - | -€357,801 | |
| Amounts payable within one year | 42/48 | €439,652 | €1,044,048 | +€604,396 | +137.5% |
| Current portion of amounts payable after more than one year | 42 | €349,777 | €741,077 | +€391,301 | +111.9% |
| Trade debts | 44 | €65,198 | €11,318 | -€53,880 | -82.6% |
| Suppliers | 440/4 | €65,198 | €11,318 | -€53,880 | -82.6% |
| Taxes, remuneration and social security | 45 | €24,677 | €22,743 | -€1,935 | -7.8% |
| Taxes | 450/3 | €172 | €2,719 | +€2,547 | +1481.6% |
| Remuneration and social security | 454/9 | €24,505 | €20,024 | -€4,481 | -18.3% |
| Other amounts payable | 47/48 | - | €268,910 | +€268,910 | |
| Turnover | 70 | €393 | €86,717 | +€86,324 | +21945.2% |
| Non-recurring operating income | 76A | - | €8 | +€8 | |
| Goods, raw materials, services and sundry goods | 60/61 | €346,598 | €225,359 | -€121,239 | -35.0% |
| Remuneration, social security and pensions | 62 | €195,749 | €224,346 | +€28,597 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €40,464 | +€38,601 | +2071.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €151 | +€151 | |
| Other operating charges | 640/8 | €1,188 | €1,268 | +€80 | +6.7% |
| Non-recurring operating charges | 66A | - | €120,481 | +€120,481 | |
| Gross operating margin | 9900 | -€34,914 | -€76,134 | -€41,221 | -118.1% |
| Operating profit (loss) | 9901 | -€233,714 | -€462,844 | -€229,130 | -98.0% |
| Financial income | 75/76B | €367 | €127,715 | +€127,348 | +34668.6% |
| Recurring financial income | 75 | €367 | €127,715 | +€127,348 | +34668.6% |
| Financial charges | 65/66B | €54,741 | €86,006 | +€31,265 | +57.1% |
| Recurring financial charges | 65 | €54,741 | €86,006 | +€31,265 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | -€288,088 | -€421,135 | -€133,048 | -46.2% |
| Transfer from deferred taxes | 780 | - | €42,500 | +€42,500 | |
| Income taxes | 67/77 | -€4 | €354 | +€358 | |
| Profit (loss) for the period | 9904 | -€288,084 | -€378,989 | -€90,906 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€288,084 | -€378,989 | -€90,906 | -31.6% |
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 8 October 2026 via checked.be.