GLOWMEDIA: 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.
GLOWMEDIA
Largest movements
- Receivables within one year +€78,908
up €78,908 (+62.5%), from €126,231 to €205,139
of which Other amounts receivable: +€71,837
- Cash +€15,726
up €15,726 (+20.2%), from €77,882 to €93,608
mainly Net result for the year (+€76,232) and Trade debts (+€12,178)
- Tangible fixed assets -€6,386
down €6,386 (-25.6%), from €24,982 to €18,595
of which Furniture and vehicles: -€5,883
- Reserves +€76,000
up €76,000 (+82.7%), from €91,860 to €167,860
of which Distributable reserves: +€76,000
- Trade debts +€12,178
up €12,178 (+17.7%), from €68,906 to €81,085
- Gross operating margin +€99,196
up €99,196 (+949%), from €10,454 to €109,650
- Taxes +€15,655
up €15,655 (+173%), from €9,041 to €24,695
- Financial income -€14,204
down €14,204 (-64.4%), from €22,043 to €7,839
of which Non-recurring financial income: -€17,766
- Depreciation +€2,309
up €2,309 (+24.6%), from €9,373 to €11,683
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,094 | €317,342 | +€88,248 | +38.5% |
| Fixed assets | 21/28 | €24,982 | €18,595 | -€6,386 | -25.6% |
| Tangible fixed assets | 22/27 | €24,982 | €18,595 | -€6,386 | -25.6% |
| Plant, machinery and equipment | 23 | €14,700 | €9,897 | -€4,803 | -32.7% |
| Furniture and vehicles | 24 | €10,281 | €4,398 | -€5,883 | -57.2% |
| Other tangible fixed assets | 26 | - | €4,300 | +€4,300 | |
| Current assets | 29/58 | €204,112 | €298,747 | +€94,634 | +46.4% |
| Amounts receivable within one year | 40/41 | €126,231 | €205,139 | +€78,908 | +62.5% |
| Trade receivables | 40 | €1,422 | €8,492 | +€7,070 | +497% |
| Other amounts receivable | 41 | €124,809 | €196,646 | +€71,837 | +57.6% |
| Cash at bank and in hand | 54/58 | €77,882 | €93,608 | +€15,726 | +20.2% |
| Total equity and liabilities | 10/49 | €229,094 | €317,342 | +€88,248 | +38.5% |
| Equity | 10/15 | €110,902 | €187,135 | +€76,232 | +68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,860 | €167,860 | +€76,000 | +82.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €166,000 | +€76,000 | +84.4% |
| Profit (loss) carried forward | 14 | €442 | €675 | +€232 | +52.5% |
| Amounts payable | 17/49 | €118,192 | €130,207 | +€12,016 | +10.2% |
| Amounts payable within one year | 42/48 | €118,192 | €130,207 | +€12,016 | +10.2% |
| Trade debts | 44 | €68,906 | €81,085 | +€12,178 | +17.7% |
| Suppliers | 440/4 | €68,906 | €81,085 | +€12,178 | +17.7% |
| Advances received on contracts in progress | 46 | €15,000 | €15,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,285 | €34,123 | -€162 | -0.5% |
| Taxes | 450/3 | €34,285 | €34,123 | -€162 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,373 | €11,683 | +€2,309 | +24.6% |
| Other operating charges | 640/8 | €2,059 | €1,939 | -€120 | -5.8% |
| Non-recurring operating charges | 66A | - | €1,535 | +€1,535 | |
| Gross operating margin | 9900 | €10,454 | €109,650 | +€99,196 | +949% |
| Operating profit (loss) | 9901 | -€978 | €94,494 | +€95,472 | |
| Financial income | 75/76B | €22,043 | €7,839 | -€14,204 | -64.4% |
| Recurring financial income | 75 | €4,277 | €7,839 | +€3,562 | +83.3% |
| Non-recurring financial income | 76B | €17,766 | - | -€17,766 | |
| Financial charges | 65/66B | €1,425 | €1,405 | -€19 | -1.4% |
| Recurring financial charges | 65 | €1,425 | €1,405 | -€19 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €19,640 | €100,928 | +€81,287 | +414% |
| Income taxes | 67/77 | €9,041 | €24,695 | +€15,655 | +173% |
| Profit (loss) for the period | 9904 | €10,600 | €76,232 | +€65,633 | +619% |
| Profit (loss) for the period to be appropriated | 9905 | €10,600 | €76,232 | +€65,633 | +619% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.