GLUCÔNE: 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.
GLUCÔNE
Largest movements
- Receivables within one year -€58,582
down €58,582 (-88.8%), from €65,936 to €7,354
of which Trade receivables: -€59,154
- Cash +€11,159
up €11,159 (+57.7%), from €19,326 to €30,485
mainly Receivables within one year (+€58,582) and Net result for the year (+€11,642)
- Tangible fixed assets -€1,485
down €1,485 (-57.1%), from €2,599 to €1,114
of which Furniture and vehicles: -€1,187
- Short-term financial debts -€24,671
down €24,671 (-100.0%), from €24,671 to €0
- Tax, wage and social debts -€13,155
down €13,155 (-79.6%), from €16,523 to €3,368
of which Taxes: -€11,954
- Trade debts -€7,527
down €7,527 (-49.2%), from €15,298 to €7,771
- Current portion of long-term debt -€1,150
down €1,150 (-92.0%), from €1,250 to €100
- Reserves -€990
down €990 (-1.9%), from €51,648 to €50,659
- Gross operating margin -€22,390
down €22,390 (-51.0%), from €43,876 to €21,486
- Taxes +€3,337
up €3,337 (+123.7%), from €2,696 to €6,033
- Depreciation -€2,779
down €2,779 (-65.2%), from €4,264 to €1,485
- Financial charges -€1,599
down €1,599 (-43.2%), from €3,703 to €2,105
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 | €89,895 | €41,517 | -€48,378 | -53.8% |
| Fixed assets | 21/28 | €2,599 | €1,114 | -€1,485 | -57.1% |
| Tangible fixed assets | 22/27 | €2,599 | €1,114 | -€1,485 | -57.1% |
| Plant, machinery and equipment | 23 | €1,051 | €752 | -€298 | -28.4% |
| Furniture and vehicles | 24 | €1,548 | €362 | -€1,187 | -76.6% |
| Current assets | 29/58 | €87,296 | €40,403 | -€46,893 | -53.7% |
| Amounts receivable within one year | 40/41 | €65,936 | €7,354 | -€58,582 | -88.8% |
| Trade receivables | 40 | €65,936 | €6,782 | -€59,154 | -89.7% |
| Other amounts receivable | 41 | €0 | €572 | +€572 | |
| Cash at bank and in hand | 54/58 | €19,326 | €30,485 | +€11,159 | +57.7% |
| Deferred charges and accrued income | 490/1 | €2,034 | €2,565 | +€531 | +26.1% |
| Total equity and liabilities | 10/49 | €89,895 | €41,517 | -€48,378 | -53.8% |
| Equity | 10/15 | €14,475 | €13,485 | -€990 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,648 | €50,659 | -€990 | -1.9% |
| Distributable reserves | 133 | €51,648 | €50,659 | -€990 | -1.9% |
| Profit (loss) carried forward | 14 | -€43,373 | -€43,373 | = | 0.0% |
| Amounts payable | 17/49 | €75,420 | €28,031 | -€47,388 | -62.8% |
| Amounts payable within one year | 42/48 | €75,420 | €28,031 | -€47,388 | -62.8% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €100 | -€1,150 | -92.0% |
| Financial debts | 43 | €24,671 | €0 | -€24,671 | -100.0% |
| Credit institutions | 430/8 | €24,671 | €0 | -€24,671 | -100.0% |
| Trade debts | 44 | €15,298 | €7,771 | -€7,527 | -49.2% |
| Suppliers | 440/4 | €15,298 | €7,771 | -€7,527 | -49.2% |
| Taxes, remuneration and social security | 45 | €16,523 | €3,368 | -€13,155 | -79.6% |
| Taxes | 450/3 | €11,954 | €0 | -€11,954 | -100.0% |
| Remuneration and social security | 454/9 | €4,569 | €3,368 | -€1,201 | -26.3% |
| Other amounts payable | 47/48 | €17,677 | €16,792 | -€885 | -5.0% |
| Non-recurring operating income | 76A | - | €5,095 | +€5,095 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,264 | €1,485 | -€2,779 | -65.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €43,876 | €21,486 | -€22,390 | -51.0% |
| Operating profit (loss) | 9901 | €39,225 | €19,601 | -€19,624 | -50.0% |
| Financial income | 75/76B | €114 | €178 | +€65 | +56.9% |
| Recurring financial income | 75 | €114 | €178 | +€65 | +56.9% |
| Financial charges | 65/66B | €3,703 | €2,105 | -€1,599 | -43.2% |
| Recurring financial charges | 65 | €3,703 | €2,105 | -€1,599 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €35,635 | €17,675 | -€17,961 | -50.4% |
| Income taxes | 67/77 | €2,696 | €6,033 | +€3,337 | +123.7% |
| Profit (loss) for the period | 9904 | €32,939 | €11,642 | -€21,297 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,939 | €11,642 | -€21,297 | -64.7% |
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 6 October 2026 via checked.be.