GM GLASS: what changed
GM GLASS
Largest movements
- Tangible fixed assets -€24,380
down €24,380 (-22.5%), from €108,417 to €84,037
- Cash +€4,348
up €4,348 (+123%), from €3,524 to €7,873
mainly Depreciation (+€24,380) and Other debts (+€7,122)
- Receivables within one year +€3,970
up €3,970 (+3.2%), from €122,343 to €126,313
of which Trade receivables: +€5,470
- Debts after one year -€25,256
down €25,256 (-37.2%), from €67,837 to €42,580
- Other debts +€7,122
up €7,122 (+1.9%), from €377,338 to €384,459
- Tax, wage and social debts -€4,006
down €4,006 (-43.0%), from €9,313 to €5,307
- Profit (loss) carried forward +€3,749
up €3,749 (+1.7%), from -€221,260 to -€217,512
- Depreciation +€10,898
up €10,898 (+80.8%), from €13,481 to €24,380
- Taxes -€4,084
down €4,084 (-72.2%), from €5,657 to €1,572
- Gross operating margin -€3,497
down €3,497 (-8.5%), from €41,071 to €37,575
- Financial charges +€1,808
up €1,808 (+40.3%), from €4,487 to €6,295
- Other operating charges +€461
up €461 (+41.3%), from €1,118 to €1,579
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,869 | €349,646 | -€15,223 | -4.2% |
| Fixed assets | 21/28 | €239,001 | €214,622 | -€24,380 | -10.2% |
| Tangible fixed assets | 22/27 | €108,417 | €84,037 | -€24,380 | -22.5% |
| Furniture and vehicles | 24 | €108,417 | €84,037 | -€24,380 | -22.5% |
| Financial fixed assets | 28 | €130,584 | €130,584 | = | 0.0% |
| Current assets | 29/58 | €125,868 | €135,025 | +€9,157 | +7.3% |
| Amounts receivable within one year | 40/41 | €122,343 | €126,313 | +€3,970 | +3.2% |
| Trade receivables | 40 | €3,000 | €8,470 | +€5,470 | +182% |
| Other amounts receivable | 41 | €119,343 | €117,843 | -€1,500 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,524 | €7,873 | +€4,348 | +123% |
| Deferred charges and accrued income | 490/1 | - | €839 | +€839 | |
| Total equity and liabilities | 10/49 | €364,869 | €349,646 | -€15,223 | -4.2% |
| Equity | 10/15 | -€119,260 | -€115,512 | +€3,749 | +3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €82,000 | = | 0.0% |
| Distributable reserves | 133 | €82,000 | €82,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,260 | -€217,512 | +€3,749 | +1.7% |
| Amounts payable | 17/49 | €484,130 | €465,158 | -€18,972 | -3.9% |
| Amounts payable after more than one year | 17 | €67,837 | €42,580 | -€25,256 | -37.2% |
| Financial debts | 170/4 | €67,837 | €42,580 | -€25,256 | -37.2% |
| Amounts payable within one year | 42/48 | €414,868 | €420,650 | +€5,782 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €24,060 | €25,256 | +€1,196 | +5.0% |
| Trade debts | 44 | €4,157 | €5,627 | +€1,471 | +35.4% |
| Suppliers | 440/4 | €4,157 | €5,627 | +€1,471 | +35.4% |
| Taxes, remuneration and social security | 45 | €9,313 | €5,307 | -€4,006 | -43.0% |
| Taxes | 450/3 | €9,313 | €5,307 | -€4,006 | -43.0% |
| Other amounts payable | 47/48 | €377,338 | €384,459 | +€7,122 | +1.9% |
| Accrued charges and deferred income | 492/3 | €1,425 | €1,928 | +€503 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,481 | €24,380 | +€10,898 | +80.8% |
| Other operating charges | 640/8 | €1,118 | €1,579 | +€461 | +41.3% |
| Gross operating margin | 9900 | €41,071 | €37,575 | -€3,497 | -8.5% |
| Operating profit (loss) | 9901 | €26,472 | €11,616 | -€14,856 | -56.1% |
| Financial charges | 65/66B | €4,487 | €6,295 | +€1,808 | +40.3% |
| Recurring financial charges | 65 | €4,487 | €6,295 | +€1,808 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €21,985 | €5,321 | -€16,664 | -75.8% |
| Income taxes | 67/77 | €5,657 | €1,572 | -€4,084 | -72.2% |
| Profit (loss) for the period | 9904 | €16,329 | €3,749 | -€12,580 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,329 | €3,749 | -€12,580 | -77.0% |
Next steps
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 6 November 2026 via checked.be.