GLUECOM: 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
GLUECOM
NACE 20.590, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.2m+€348,952
Equity
€4.0m
2024 · €4.0m
Cash
€364,210
2024 · €380,878-€16,667
Balance sheet total
€10.1m
2024 · €10.0m+€144,305
Largest movements
Assets
- Receivables within one year +€366,903
up €366,903 (+9.5%), from €3.9m to €4.2m
of which Trade receivables: +€307,060
- Intangible fixed assets -€153,324
down €153,324 (-26.9%), from €569,289 to €415,965
Equity and liabilities
- Other debts +€1.2m
up €1.2m (+155.6%), from €774,157 to €2.0m
- Short-term financial debts -€732,957
down €732,957 (-40.2%), from €1.8m to €1.1m
- Trade debts -€272,953
down €272,953 (-13.9%), from €2.0m to €1.7m
- Debts after one year -€256,325
down €256,325 (-45.2%), from €566,495 to €310,170
- Tax, wage and social debts +€164,118
up €164,118 (+44.9%), from €365,852 to €529,970
of which Taxes: +€192,313
Income statement
- Goods and materials -€1.0m
down €1.0m (-8.6%), from €12.0m to €11.0m
of which Purchases: -€552,254
- Turnover -€493,542
down €493,542 (-2.6%), from €19.0m to €18.5m
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
€1.2m
Turnover
-€493,542
Other operating income
-€26,674
Goods and materials
+€1.0m
Services and other goods
+€84,638
Staff costs
+€82,224
Depreciation
-€35,023
Write-downs
-€181,188
Provisions
-€93,750
Other operating charges
-€11,091
Other operating items
+€82,611
Financial income
-€4,019
Financial charges
+€43,106
Taxes
-€134,402
Result 2025
€1.6m
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
+€2.8m
Investment
-€244,753
Financing
-€2.6m
Cash 2024
€380,878
From operations (derived)
+€2.8m
Net result for the year
+€1.6m
Depreciation
+€465,641
Receivables after one year
+€3,251
Stocks and contracts
-€6,574
Receivables within one year
-€366,903
Deferred charges and accrued income
-€11,635
Provisions
+€40,000
Trade debts
-€272,953
Tax, wage and social debts
+€164,118
Other debts
+€1.2m
Accrued charges and deferred income
+€4,029
Investment (derived)
-€244,753
Investment in fixed assets (net)
-€244,753
Financing
-€2.6m
Debts after one year
-€256,325
Current portion of long-term debt
-€5,896
Short-term financial debts
-€732,957
Contributions, distributions and other
-€1.6m
Cash 2025
€364,210
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,963,353 | €10,107,659 | +€144,305 | +1.4% |
| Fixed assets | 21/28 | €3,076,785 | €2,855,897 | -€220,888 | -7.2% |
| Intangible fixed assets | 21 | €569,289 | €415,965 | -€153,324 | -26.9% |
| Tangible fixed assets | 22/27 | €2,498,217 | €2,430,652 | -€67,564 | -2.7% |
| Land and buildings | 22 | €1,292,647 | €1,305,516 | +€12,869 | +1.0% |
| Plant, machinery and equipment | 23 | €921,825 | €904,031 | -€17,794 | -1.9% |
| Furniture and vehicles | 24 | €188,309 | €129,081 | -€59,229 | -31.5% |
| Leasing and similar rights | 25 | €37,316 | €31,376 | -€5,940 | -15.9% |
| Other tangible fixed assets | 26 | €58,119 | €60,648 | +€2,529 | +4.4% |
| Financial fixed assets | 28 | €9,279 | €9,279 | = | 0.0% |
| Affiliated companies | 280/1 | €19 | €19 | = | 0.0% |
| Participating interests | 280 | €19 | €19 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,260 | €9,260 | = | 0.0% |
| Shares | 284 | €273 | €273 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,988 | €8,988 | = | 0.0% |
| Current assets | 29/58 | €6,886,568 | €7,251,762 | +€365,194 | +5.3% |
| Amounts receivable after more than one year | 29 | €3,251 | - | -€3,251 | |
| Other amounts receivable | 291 | €3,251 | - | -€3,251 | |
| Stocks and contracts in progress | 3 | €2,598,731 | €2,605,305 | +€6,574 | +0.3% |
| Stocks | 30/36 | €2,598,731 | €2,605,305 | +€6,574 | +0.3% |
| Raw materials and consumables | 30/31 | €1,053,023 | €966,036 | -€86,987 | -8.3% |
| Work in progress | 32 | €198,070 | €64,122 | -€133,948 | -67.6% |
| Finished goods | 33 | €499,268 | €506,020 | +€6,752 | +1.4% |
| Goods purchased for resale | 34 | €848,370 | €1,069,127 | +€220,758 | +26.0% |
| Amounts receivable within one year | 40/41 | €3,873,293 | €4,240,196 | +€366,903 | +9.5% |
| Trade receivables | 40 | €3,415,855 | €3,722,915 | +€307,060 | +9.0% |
| Other amounts receivable | 41 | €457,438 | €517,281 | +€59,843 | +13.1% |
| Cash at bank and in hand | 54/58 | €380,878 | €364,210 | -€16,667 | -4.4% |
| Deferred charges and accrued income | 490/1 | €30,416 | €42,051 | +€11,635 | +38.3% |
| Total equity and liabilities | 10/49 | €9,963,353 | €10,107,659 | +€144,305 | +1.4% |
| Equity | 10/15 | €4,000,000 | €4,000,000 | = | 0.0% |
| Contributions | 10/11 | €625,400 | €625,400 | = | 0.0% |
| Capital | 10 | €625,400 | €625,400 | = | 0.0% |
| Issued capital | 100 | €625,400 | €625,400 | = | 0.0% |
| Revaluation surpluses | 12 | €1,190,478 | €1,144,485 | -€45,993 | -3.9% |
| Reserves | 13 | €2,184,122 | €2,230,116 | +€45,993 | +2.1% |
| Non-distributable reserves | 130/1 | €62,540 | €62,540 | = | 0.0% |
| Legal reserve | 130 | €62,540 | €62,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €434,357 | €434,357 | = | 0.0% |
| Distributable reserves | 133 | €1,687,225 | €1,733,219 | +€45,993 | +2.7% |
| Provisions and deferred taxes | 16 | €200,000 | €240,000 | +€40,000 | +20.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €240,000 | +€40,000 | +20.0% |
| Major repairs and maintenance | 162 | €200,000 | €200,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | €40,000 | +€40,000 | |
| Amounts payable | 17/49 | €5,763,353 | €5,867,659 | +€104,305 | +1.8% |
| Amounts payable after more than one year | 17 | €566,495 | €310,170 | -€256,325 | -45.2% |
| Financial debts | 170/4 | €566,495 | €310,170 | -€256,325 | -45.2% |
| Leasing and similar obligations | 172 | €3,037 | - | -€3,037 | |
| Credit institutions | 173 | €563,458 | €310,170 | -€253,288 | -45.0% |
| Amounts payable within one year | 42/48 | €5,194,097 | €5,550,698 | +€356,601 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €263,232 | €257,336 | -€5,896 | -2.2% |
| Financial debts | 43 | €1,822,624 | €1,089,667 | -€732,957 | -40.2% |
| Credit institutions | 430/8 | €1,822,624 | €1,089,667 | -€732,957 | -40.2% |
| Trade debts | 44 | €1,968,232 | €1,695,280 | -€272,953 | -13.9% |
| Suppliers | 440/4 | €1,968,232 | €1,695,280 | -€272,953 | -13.9% |
| Taxes, remuneration and social security | 45 | €365,852 | €529,970 | +€164,118 | +44.9% |
| Taxes | 450/3 | €128,623 | €320,936 | +€192,313 | +149.5% |
| Remuneration and social security | 454/9 | €237,229 | €209,035 | -€28,195 | -11.9% |
| Other amounts payable | 47/48 | €774,157 | €1,978,446 | +€1.2m | +155.6% |
| Accrued charges and deferred income | 492/3 | €2,761 | €6,791 | +€4,029 | +145.9% |
| Operating income | 70/76A | €19,193,748 | €18,716,750 | -€476,998 | -2.5% |
| Turnover | 70 | €19,029,044 | €18,535,501 | -€493,542 | -2.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€172,959 | -€112,537 | +€60,422 | +34.9% |
| Other operating income | 74 | €320,460 | €293,786 | -€26,674 | -8.3% |
| Non-recurring operating income | 76A | €17,204 | - | -€17,204 | |
| Operating charges | 60/66A | €17,327,449 | €16,406,183 | -€921,266 | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €11,994,761 | €10,958,697 | -€1.0m | -8.6% |
| Purchases | 600/8 | €11,807,354 | €11,255,099 | -€552,254 | -4.7% |
| Change in stocks: decrease (increase) | 609 | €187,407 | -€296,402 | -€483,809 | |
| Services and other goods | 61 | €2,931,444 | €2,846,806 | -€84,638 | -2.9% |
| Remuneration, social security and pensions | 62 | €1,964,237 | €1,882,013 | -€82,224 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430,618 | €465,641 | +€35,023 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€116 | €181,072 | +€181,188 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€53,750 | €40,000 | +€93,750 | |
| Other operating charges | 640/8 | €20,781 | €31,871 | +€11,091 | +53.4% |
| Non-recurring operating charges | 66A | €39,474 | €83 | -€39,392 | -99.8% |
| Operating profit (loss) | 9901 | €1,866,299 | €2,310,567 | +€444,268 | +23.8% |
| Financial income | 75/76B | €25,554 | €21,534 | -€4,019 | -15.7% |
| Recurring financial income | 75 | €25,554 | €21,534 | -€4,019 | -15.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €22,090 | €14,342 | -€7,748 | -35.1% |
| Other financial income | 752/9 | €3,463 | €7,192 | +€3,729 | +107.7% |
| Financial charges | 65/66B | €212,153 | €169,047 | -€43,106 | -20.3% |
| Recurring financial charges | 65 | €212,153 | €169,047 | -€43,106 | -20.3% |
| Debt charges | 650 | €149,067 | €121,441 | -€27,626 | -18.5% |
| Other financial charges | 652/9 | €63,086 | €47,606 | -€15,480 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,679,700 | €2,163,054 | +€483,354 | +28.8% |
| Income taxes | 67/77 | €450,738 | €585,140 | +€134,402 | +29.8% |
| Taxes | 670/3 | €450,738 | €585,140 | +€134,402 | +29.8% |
| Profit (loss) for the period | 9904 | €1,228,961 | €1,577,914 | +€348,952 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,228,961 | €1,577,914 | +€348,952 | +28.4% |
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 5 October 2026 via checked.be.