Gluo: 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.
What changed
Gluo
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€171,553
2024 · €243,535-€71,981
Equity
€1.4m
2024 · €1.3m+€121,553
Cash
€13,955
2024 · €13,513+€442
Balance sheet total
€1.8m
2024 · €1.7m+€98,050
Largest movements
Assets
- Receivables within one year +€101,033
up €101,033 (+6.2%), from €1.6m to €1.7m
of which Other amounts receivable: +€127,836
Equity and liabilities
- Reserves +€121,100
up €121,100 (+10.0%), from €1.2m to €1.3m
of which Distributable reserves: +€121,100
Income statement
- Gross operating margin -€206,320
down €206,320 (-11.7%), from €1.8m to €1.5m
- Turnover -€186,317
down €186,317 (-7.0%), from €2.7m to €2.5m
- Staff costs -€113,842
down €113,842 (-8.0%), from €1.4m to €1.3m
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
€243,535
Gross operating margin
-€206,320
Staff costs
+€113,842
Depreciation
+€2,580
Write-downs
-€1,101
Other operating charges
+€3,134
Other operating items
-€1,349
Financial income
-€4,767
Financial charges
+€4,397
Taxes
+€17,604
Result 2025
€171,553
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
+€54,372
Investment
-€3,930
Financing
-€50,000
Cash 2024
€13,513
From operations (derived)
+€54,372
Net result for the year
+€171,553
Depreciation
+€7,153
Receivables within one year
-€101,033
Deferred charges and accrued income
+€202
Provisions
+€1,101
Trade debts
-€4,102
Tax, wage and social debts
-€5,503
Other debts
-€15,000
Investment (derived)
-€3,930
Investment in fixed assets (net)
-€3,930
Financing
-€50,000
Contributions, distributions and other
-€50,000
Cash 2025
€13,955
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,679,555 | €1,777,605 | +€98,050 | +5.8% |
| Fixed assets | 21/28 | €13,789 | €10,566 | -€3,223 | -23.4% |
| Tangible fixed assets | 22/27 | €13,789 | €10,566 | -€3,223 | -23.4% |
| Plant, machinery and equipment | 23 | €13,789 | €10,566 | -€3,223 | -23.4% |
| Current assets | 29/58 | €1,665,766 | €1,767,039 | +€101,273 | +6.1% |
| Amounts receivable within one year | 40/41 | €1,637,387 | €1,738,420 | +€101,033 | +6.2% |
| Trade receivables | 40 | €424,954 | €398,150 | -€26,803 | -6.3% |
| Other amounts receivable | 41 | €1,212,434 | €1,340,270 | +€127,836 | +10.5% |
| Cash at bank and in hand | 54/58 | €13,513 | €13,955 | +€442 | +3.3% |
| Deferred charges and accrued income | 490/1 | €14,866 | €14,664 | -€202 | -1.4% |
| Total equity and liabilities | 10/49 | €1,679,555 | €1,777,605 | +€98,050 | +5.8% |
| Equity | 10/15 | €1,277,260 | €1,398,813 | +€121,553 | +9.5% |
| 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% |
| Reserves | 13 | €1,214,985 | €1,336,085 | +€121,100 | +10.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,775 | €115,775 | = | 0.0% |
| Distributable reserves | 133 | €1,093,010 | €1,214,110 | +€121,100 | +11.1% |
| Profit (loss) carried forward | 14 | €275 | €728 | +€453 | +165.2% |
| Provisions and deferred taxes | 16 | - | €1,101 | +€1,101 | |
| Provisions for liabilities and charges | 160/5 | - | €1,101 | +€1,101 | |
| Pensions and similar obligations | 160 | - | €1,101 | +€1,101 | |
| Amounts payable | 17/49 | €402,295 | €377,691 | -€24,604 | -6.1% |
| Amounts payable within one year | 42/48 | €402,295 | €377,691 | -€24,604 | -6.1% |
| Trade debts | 44 | €114,150 | €110,048 | -€4,102 | -3.6% |
| Suppliers | 440/4 | €114,150 | €110,048 | -€4,102 | -3.6% |
| Taxes, remuneration and social security | 45 | €213,145 | €207,643 | -€5,503 | -2.6% |
| Taxes | 450/3 | €57,232 | €69,218 | +€11,986 | +20.9% |
| Remuneration and social security | 454/9 | €155,913 | €138,425 | -€17,488 | -11.2% |
| Other amounts payable | 47/48 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Turnover | 70 | €2,672,461 | €2,486,144 | -€186,317 | -7.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €918,864 | €943,250 | +€24,386 | +2.7% |
| Remuneration, social security and pensions | 62 | €1,415,703 | €1,301,861 | -€113,842 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,733 | €7,153 | -€2,580 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,101 | +€1,101 | |
| Other operating charges | 640/8 | €8,734 | €5,600 | -€3,134 | -35.9% |
| Non-recurring operating charges | 66A | €455 | €1,804 | +€1,349 | +296.6% |
| Gross operating margin | 9900 | €1,755,978 | €1,549,658 | -€206,320 | -11.7% |
| Operating profit (loss) | 9901 | €321,354 | €232,139 | -€89,214 | -27.8% |
| Financial income | 75/76B | €30,852 | €26,085 | -€4,767 | -15.5% |
| Recurring financial income | 75 | €30,852 | €26,085 | -€4,767 | -15.5% |
| Financial charges | 65/66B | €35,930 | €31,533 | -€4,397 | -12.2% |
| Recurring financial charges | 65 | €35,930 | €31,533 | -€4,397 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €316,276 | €226,691 | -€89,585 | -28.3% |
| Income taxes | 67/77 | €72,741 | €55,137 | -€17,604 | -24.2% |
| Profit (loss) for the period | 9904 | €243,535 | €171,553 | -€71,981 | -29.6% |
| Transfer from tax-exempt reserves | 789 | €88,410 | €42,100 | -€46,310 | -52.4% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €331,945 | €171,553 | -€160,391 | -48.3% |
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 12 October 2026 via checked.be.