Glowstix: 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.
Glowstix
Largest movements
- Receivables within one year -€40,975
down €40,975 (-98.3%), from €41,699 to €724
- Tangible fixed assets -€1,260
down €1,260 (-58.6%), from €2,149 to €889
- Cash -€762
down €762 (-15.3%), from €4,995 to €4,233
mainly Net result for the year (-€23,599) and Other debts (-€17,108)
- Profit (loss) carried forward -€23,599
down €23,599 (-8.0%), from -€295,403 to -€319,002
- Other debts -€17,108
down €17,108 (-6.3%), from €273,141 to €256,033
- Trade debts -€2,045
down €2,045 (-23.2%), from €8,819 to €6,774
- Purchases and services -€117,693
down €117,693 (-92.5%), from €127,286 to €9,593
- Turnover -€94,928
no longer reported in 2025 (was €94,928)
- Staff costs -€29,044
no longer reported in 2025 (was €29,044)
- Gross operating margin +€22,153
up €22,153 (+69.8%), from -€31,747 to -€9,593
- Financial charges -€994
down €994 (-7.6%), from €13,057 to €12,063
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 | €48,843 | €5,915 | -€42,928 | -87.9% |
| Fixed assets | 21/28 | €2,149 | €889 | -€1,260 | -58.6% |
| Tangible fixed assets | 22/27 | €2,149 | €889 | -€1,260 | -58.6% |
| Plant, machinery and equipment | 23 | €2,149 | €889 | -€1,260 | -58.6% |
| Current assets | 29/58 | €46,694 | €5,026 | -€41,668 | -89.2% |
| Amounts receivable within one year | 40/41 | €41,699 | €724 | -€40,975 | -98.3% |
| Other amounts receivable | 41 | €41,699 | €724 | -€40,975 | -98.3% |
| Cash at bank and in hand | 54/58 | €4,995 | €4,233 | -€762 | -15.3% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €48,843 | €5,915 | -€42,928 | -87.9% |
| Equity | 10/15 | -€233,403 | -€257,002 | -€23,599 | -10.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,403 | -€319,002 | -€23,599 | -8.0% |
| Amounts payable | 17/49 | €282,246 | €262,917 | -€19,329 | -6.8% |
| Amounts payable within one year | 42/48 | €282,246 | €262,917 | -€19,329 | -6.8% |
| Trade debts | 44 | €8,819 | €6,774 | -€2,045 | -23.2% |
| Suppliers | 440/4 | €8,819 | €6,774 | -€2,045 | -23.2% |
| Taxes, remuneration and social security | 45 | €287 | €111 | -€176 | -61.4% |
| Taxes | 450/3 | €287 | €111 | -€176 | -61.4% |
| Other amounts payable | 47/48 | €273,141 | €256,033 | -€17,108 | -6.3% |
| Turnover | 70 | €94,928 | - | -€94,928 | |
| Goods, raw materials, services and sundry goods | 60/61 | €127,286 | €9,593 | -€117,693 | -92.5% |
| Remuneration, social security and pensions | 62 | €29,044 | - | -€29,044 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,260 | €1,260 | = | 0.0% |
| Other operating charges | 640/8 | €932 | €682 | -€250 | -26.8% |
| Gross operating margin | 9900 | -€31,747 | -€9,593 | +€22,153 | +69.8% |
| Operating profit (loss) | 9901 | -€62,983 | -€11,536 | +€51,447 | +81.7% |
| Financial charges | 65/66B | €13,057 | €12,063 | -€994 | -7.6% |
| Recurring financial charges | 65 | €13,057 | €12,063 | -€994 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,040 | -€23,599 | +€52,441 | +69.0% |
| Income taxes | 67/77 | €152 | - | -€152 | |
| Profit (loss) for the period | 9904 | -€76,192 | -€23,599 | +€52,594 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,192 | -€23,599 | +€52,594 | +69.0% |
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 9 October 2026 via checked.be.