Gluor: 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.
Gluor
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+5,567%), from €23,000 to €1.3m
of which Other amounts receivable: +€1.3m
- Cash +€261,623
up €261,623 (+1,313%), from €19,925 to €281,548
mainly Debts after one year (+€1.1m) and Other debts (+€415,770)
- Debts after one year +€1.1m
up €1.1m (+172%), from €648,777 to €1.8m
- Other debts +€415,770
up €415,770 (+200%), from €207,400 to €623,170
- Gross operating margin -€13,239
down €13,239 (-33.1%), from €39,960 to €26,721
- Financial charges -€10,667
down €10,667 (-29.0%), from €36,760 to €26,093
- Other operating charges -€721
down €721 (-59.6%), from €1,211 to €489
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.
Derived cash bridge
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 | €1,023,425 | €2,565,544 | +€1.5m | +151% |
| Fixed assets | 21/28 | €980,500 | €980,500 | = | 0.0% |
| Financial fixed assets | 28 | €980,500 | €980,500 | = | 0.0% |
| Current assets | 29/58 | €42,925 | €1,585,044 | +€1.5m | +3,593% |
| Amounts receivable within one year | 40/41 | €23,000 | €1,303,496 | +€1.3m | +5,567% |
| Trade receivables | 40 | €23,000 | €17,000 | -€6,000 | -26.1% |
| Other amounts receivable | 41 | - | €1,286,496 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €19,925 | €281,548 | +€261,623 | +1,313% |
| Total equity and liabilities | 10/49 | €1,023,425 | €2,565,544 | +€1.5m | +151% |
| Equity | 10/15 | €2,592 | €2,703 | +€111 | +4.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,592 | €1,703 | +€111 | +7.0% |
| Amounts payable | 17/49 | €1,020,834 | €2,562,841 | +€1.5m | +151% |
| Amounts payable after more than one year | 17 | €648,777 | €1,764,677 | +€1.1m | +172% |
| Financial debts | 170/4 | €648,777 | €1,764,677 | +€1.1m | +172% |
| Amounts payable within one year | 42/48 | €371,939 | €798,044 | +€426,105 | +115% |
| Current portion of amounts payable after more than one year | 42 | €163,196 | €170,266 | +€7,069 | +4.3% |
| Trade debts | 44 | - | €4,183 | +€4,183 | |
| Suppliers | 440/4 | - | €4,183 | +€4,183 | |
| Taxes, remuneration and social security | 45 | €1,343 | €426 | -€917 | -68.3% |
| Taxes | 450/3 | €1,343 | €426 | -€917 | -68.3% |
| Other amounts payable | 47/48 | €207,400 | €623,170 | +€415,770 | +200% |
| Accrued charges and deferred income | 492/3 | €118 | €120 | +€2 | +1.7% |
| Other operating charges | 640/8 | €1,211 | €489 | -€721 | -59.6% |
| Gross operating margin | 9900 | €39,960 | €26,721 | -€13,239 | -33.1% |
| Operating profit (loss) | 9901 | €38,749 | €26,232 | -€12,518 | -32.3% |
| Financial charges | 65/66B | €36,760 | €26,093 | -€10,667 | -29.0% |
| Recurring financial charges | 65 | €36,760 | €26,093 | -€10,667 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €1,990 | €139 | -€1,851 | -93.0% |
| Income taxes | 67/77 | €398 | €28 | -€370 | -93.0% |
| Profit (loss) for the period | 9904 | €1,592 | €111 | -€1,481 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,592 | €111 | -€1,481 | -93.0% |
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 15 October 2026 via checked.be.