GLUT4: what changed
What changed
GLUT4
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€14,254
2024 · €12,755+€1,499
Equity
€29,150
2024 · €15,755+€13,395
Cash
€5,502
2024 · €5,606-€104
Balance sheet total
€49,432
2024 · €26,002+€23,430
Largest movements
Assets
- Current investments +€25,000
new in 2025: €25,000
- Receivables within one year -€5,509
down €5,509 (-30.0%), from €18,365 to €12,856
- Deferred charges and accrued income +€3,008
up €3,008 (+148%), from €2,031 to €5,038
- Tangible fixed assets +€1,035
new in 2025: €1,035
Equity and liabilities
- Profit (loss) carried forward +€13,395
up €13,395 (+105%), from €12,755 to €26,150
- Tax, wage and social debts +€6,361
up €6,361 (+62.2%), from €10,220 to €16,582
of which Taxes: +€4,211
- Accrued charges and deferred income +€1,800
new in 2025: €1,800
- Trade debts +€1,014
up €1,014 (+3,791%), from €27 to €1,041
- Other debts +€859
new in 2025: €859
Income statement
- Turnover +€104,341
new in 2025: €104,341
- Purchases and services +€84,359
new in 2025: €84,359
- Gross operating margin +€3,616
up €3,616 (+22.1%), from €16,366 to €19,982
- Taxes +€2,172
up €2,172 (+66.6%), from €3,262 to €5,434
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,755
Gross operating margin
+€3,616
Depreciation
-€95
Other operating charges
+€275
Financial income
+€0
Financial charges
-€125
Taxes
-€2,172
Result 2025
€14,254
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,885
Investment
-€26,130
Financing
-€859
Cash 2024
€5,606
From operations (derived)
+€26,885
Net result for the year
+€14,254
Depreciation
+€95
Receivables within one year
+€5,509
Deferred charges and accrued income
-€3,008
Trade debts
+€1,014
Tax, wage and social debts
+€6,361
Other debts
+€859
Accrued charges and deferred income
+€1,800
Investment (derived)
-€26,130
Investment in fixed assets (net)
-€1,130
Current investments
-€25,000
Financing
-€859
Contributions, distributions and other
-€859
Cash 2025
€5,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,002 | €49,432 | +€23,430 | +90.1% |
| Fixed assets | 21/28 | - | €1,035 | +€1,035 | |
| Tangible fixed assets | 22/27 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | - | €1,035 | +€1,035 | |
| Current assets | 29/58 | €26,002 | €48,397 | +€22,395 | +86.1% |
| Amounts receivable within one year | 40/41 | €18,365 | €12,856 | -€5,509 | -30.0% |
| Trade receivables | 40 | €18,365 | €12,856 | -€5,509 | -30.0% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €5,606 | €5,502 | -€104 | -1.9% |
| Deferred charges and accrued income | 490/1 | €2,031 | €5,038 | +€3,008 | +148% |
| Total equity and liabilities | 10/49 | €26,002 | €49,432 | +€23,430 | +90.1% |
| Equity | 10/15 | €15,755 | €29,150 | +€13,395 | +85.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,755 | €26,150 | +€13,395 | +105% |
| Amounts payable | 17/49 | €10,247 | €20,282 | +€10,034 | +97.9% |
| Amounts payable within one year | 42/48 | €10,247 | €18,482 | +€8,234 | +80.4% |
| Trade debts | 44 | €27 | €1,041 | +€1,014 | +3,791% |
| Suppliers | 440/4 | €27 | €1,041 | +€1,014 | +3,791% |
| Taxes, remuneration and social security | 45 | €10,220 | €16,582 | +€6,361 | +62.2% |
| Taxes | 450/3 | €10,220 | €14,432 | +€4,211 | +41.2% |
| Remuneration and social security | 454/9 | - | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | - | €859 | +€859 | |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Turnover | 70 | - | €104,341 | +€104,341 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €84,359 | +€84,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €95 | +€95 | |
| Other operating charges | 640/8 | €333 | €58 | -€275 | -82.6% |
| Gross operating margin | 9900 | €16,366 | €19,982 | +€3,616 | +22.1% |
| Operating profit (loss) | 9901 | €16,033 | €19,829 | +€3,796 | +23.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16 | €141 | +€125 | +780% |
| Recurring financial charges | 65 | €16 | €141 | +€125 | +780% |
| Profit (loss) for the period before taxes | 9903 | €16,017 | €19,688 | +€3,671 | +22.9% |
| Income taxes | 67/77 | €3,262 | €5,434 | +€2,172 | +66.6% |
| Profit (loss) for the period | 9904 | €12,755 | €14,254 | +€1,499 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,755 | €14,254 | +€1,499 | +11.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.