GLUTOSO: 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.
GLUTOSO
Largest movements
- Receivables within one year -€23,245
down €23,245 (-37.6%), from €61,895 to €38,649
of which Trade receivables: -€23,250
- Stocks and contracts +€14,123
up €14,123 (+29.7%), from €47,570 to €61,694
- Cash -€3,641
down €3,641 (-15.7%), from €23,203 to €19,562
mainly Trade debts (-€32,689) and Stocks and contracts (-€14,123)
- Tangible fixed assets -€1,553
down €1,553 (-46.7%), from €3,322 to €1,769
- Trade debts -€32,689
down €32,689 (-40.0%), from €81,658 to €48,970
- Profit (loss) carried forward +€14,831
up €14,831 (+65.2%), from €22,755 to €37,586
- Tax, wage and social debts +€5,873
up €5,873 (+28.3%), from €20,719 to €26,592
of which Taxes: +€5,852
- Current portion of long-term debt -€3,073
down €3,073 (-100%), from €3,073 to €0
- Gross operating margin -€47,429
down €47,429 (-50.6%), from €93,809 to €46,380
- Staff costs -€12,927
down €12,927 (-96.6%), from €13,387 to €460
- Taxes +€9,548
up €9,548 (+76.5%), from €12,487 to €22,035
- Other operating charges +€6,476
up €6,476 (+962%), from €673 to €7,149
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 | €137,156 | €122,798 | -€14,359 | -10.5% |
| Fixed assets | 21/28 | €4,441 | €2,678 | -€1,763 | -39.7% |
| Intangible fixed assets | 21 | €869 | €659 | -€210 | -24.2% |
| Tangible fixed assets | 22/27 | €3,322 | €1,769 | -€1,553 | -46.7% |
| Furniture and vehicles | 24 | €3,322 | €1,769 | -€1,553 | -46.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €132,716 | €120,120 | -€12,596 | -9.5% |
| Stocks and contracts in progress | 3 | €47,570 | €61,694 | +€14,123 | +29.7% |
| Stocks | 30/36 | €47,570 | €61,694 | +€14,123 | +29.7% |
| Amounts receivable within one year | 40/41 | €61,895 | €38,649 | -€23,245 | -37.6% |
| Trade receivables | 40 | €61,890 | €38,640 | -€23,250 | -37.6% |
| Other amounts receivable | 41 | €4 | €9 | +€5 | +109% |
| Cash at bank and in hand | 54/58 | €23,203 | €19,562 | -€3,641 | -15.7% |
| Deferred charges and accrued income | 490/1 | €48 | €214 | +€166 | +350% |
| Total equity and liabilities | 10/49 | €137,156 | €122,798 | -€14,359 | -10.5% |
| Equity | 10/15 | €30,815 | €45,646 | +€14,831 | +48.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,755 | €37,586 | +€14,831 | +65.2% |
| Amounts payable | 17/49 | €106,341 | €77,151 | -€29,190 | -27.4% |
| Amounts payable within one year | 42/48 | €106,341 | €77,151 | -€29,190 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €3,073 | €0 | -€3,073 | -100% |
| Trade debts | 44 | €81,658 | €48,970 | -€32,689 | -40.0% |
| Suppliers | 440/4 | €81,658 | €48,970 | -€32,689 | -40.0% |
| Taxes, remuneration and social security | 45 | €20,719 | €26,592 | +€5,873 | +28.3% |
| Taxes | 450/3 | €19,690 | €25,542 | +€5,852 | +29.7% |
| Remuneration and social security | 454/9 | €1,029 | €1,050 | +€21 | +2.0% |
| Other amounts payable | 47/48 | €891 | €1,589 | +€698 | +78.3% |
| Remuneration, social security and pensions | 62 | €13,387 | €460 | -€12,927 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,518 | €1,763 | +€245 | +16.2% |
| Other operating charges | 640/8 | €673 | €7,149 | +€6,476 | +962% |
| Gross operating margin | 9900 | €93,809 | €46,380 | -€47,429 | -50.6% |
| Operating profit (loss) | 9901 | €78,232 | €37,008 | -€41,223 | -52.7% |
| Financial income | 75/76B | €41 | €2 | -€39 | -95.1% |
| Recurring financial income | 75 | €41 | €2 | -€39 | -95.1% |
| Financial charges | 65/66B | €707 | €144 | -€563 | -79.7% |
| Recurring financial charges | 65 | €707 | €144 | -€563 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €77,566 | €36,867 | -€40,699 | -52.5% |
| Income taxes | 67/77 | €12,487 | €22,035 | +€9,548 | +76.5% |
| Profit (loss) for the period | 9904 | €65,079 | €14,831 | -€50,248 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,079 | €14,831 | -€50,248 | -77.2% |
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 16 October 2026 via checked.be.