INDUSTRIAL GLASS PROCESSING: what changed
What changed
INDUSTRIAL GLASS PROCESSING
NACE 43.343, Specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€16,542-€1.3m
Equity
-€161,683
2024 · €1.1m-€1.3m
Cash
€173,951
2024 · €306,682-€132,730
Balance sheet total
€6.3m
2024 · €5.2m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€580,777
up €580,777 (+21.0%), from €2.8m to €3.4m
of which Leasing and similar rights: +€1.3m
- Receivables within one year +€533,228
up €533,228 (+30.4%), from €1.8m to €2.3m
of which Trade receivables: +€607,900
- Cash -€132,730
down €132,730 (-43.3%), from €306,682 to €173,951
mainly Investment in fixed assets (net) (-€1.8m) and Net result for the year (-€1.3m)
- Stocks and contracts +€108,730
up €108,730 (+27.0%), from €402,618 to €511,347
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+74.7%), from €1.7m to €3.0m
- Profit (loss) carried forward -€1.3m
down €1.3m, from €0 to -€1.3m
- Trade debts +€1.3m
up €1.3m (+93.6%), from €1.4m to €2.6m
- Other debts -€383,527
down €383,527 (-100%), from €383,527 to €0
- Short-term financial debts +€90,568
new in 2025: €90,568
Income statement
- Purchases and services +€1.4m
up €1.4m (+14.9%), from €9.1m to €10.5m
- Gross operating margin -€690,481
down €690,481 (-32.0%), from €2.2m to €1.5m
- Turnover +€663,814
up €663,814 (+5.9%), from €11.2m to €11.9m
- Depreciation +€526,714
up €526,714 (+79.4%), from €663,143 to €1.2m
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
-€16,542
Gross operating margin
-€690,481
Staff costs
-€29,593
Depreciation
-€526,714
Write-downs
+€1,699
Other operating charges
-€882
Financial income
+€24,151
Financial charges
-€45,477
Taxes
-€181
Result 2025
-€1.3m
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
+€196,804
Investment
-€1.8m
Financing
+€1.4m
Cash 2024
€306,682
From operations (derived)
+€196,804
Net result for the year
-€1.3m
Depreciation
+€1.2m
Stocks and contracts
-€108,730
Receivables within one year
-€533,228
Trade debts
+€1.3m
Tax, wage and social debts
+€51,326
Other debts
-€383,527
Accrued charges and deferred income
-€7,488
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.4m
Debts after one year
+€1.3m
Current portion of long-term debt
+€82,565
Short-term financial debts
+€90,568
Contributions, distributions and other
-€24,650
Cash 2025
€173,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,235,243 | €6,325,247 | +€1.1m | +20.8% |
| Fixed assets | 21/28 | €2,769,594 | €3,350,371 | +€580,777 | +21.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,769,594 | €3,350,371 | +€580,777 | +21.0% |
| Plant, machinery and equipment | 23 | €524,423 | €1,010,617 | +€486,194 | +92.7% |
| Furniture and vehicles | 24 | €53,035 | €32,927 | -€20,107 | -37.9% |
| Leasing and similar rights | 25 | €941,893 | €2,287,925 | +€1.3m | +143% |
| Other tangible fixed assets | 26 | €7,633 | €5,598 | -€2,035 | -26.7% |
| Assets under construction and advance payments | 27 | €1,242,612 | €13,305 | -€1.2m | -98.9% |
| Current assets | 29/58 | €2,465,648 | €2,974,875 | +€509,227 | +20.7% |
| Stocks and contracts in progress | 3 | €402,618 | €511,347 | +€108,730 | +27.0% |
| Stocks | 30/36 | €402,618 | €511,347 | +€108,730 | +27.0% |
| Amounts receivable within one year | 40/41 | €1,756,349 | €2,289,577 | +€533,228 | +30.4% |
| Trade receivables | 40 | €1,202,882 | €1,810,783 | +€607,900 | +50.5% |
| Other amounts receivable | 41 | €553,467 | €478,794 | -€74,673 | -13.5% |
| Cash at bank and in hand | 54/58 | €306,682 | €173,951 | -€132,730 | -43.3% |
| Total equity and liabilities | 10/49 | €5,235,243 | €6,325,247 | +€1.1m | +20.8% |
| Equity | 10/15 | €1,146,986 | -€161,683 | -€1.3m | |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,020,786 | €1,020,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,436 | €3,436 | = | 0.0% |
| Legal reserve | 130 | €3,436 | €3,436 | = | 0.0% |
| Distributable reserves | 133 | €1,017,350 | €1,017,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,284,019 | -€1.3m | |
| Investment grants | 15 | €61,200 | €36,550 | -€24,650 | -40.3% |
| Amounts payable | 17/49 | €4,088,256 | €6,486,929 | +€2.4m | +58.7% |
| Amounts payable after more than one year | 17 | €1,730,597 | €3,023,214 | +€1.3m | +74.7% |
| Financial debts | 170/4 | €1,730,597 | €3,023,214 | +€1.3m | +74.7% |
| Amounts payable within one year | 42/48 | €2,337,772 | €3,451,315 | +€1.1m | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €443,640 | €526,205 | +€82,565 | +18.6% |
| Financial debts | 43 | - | €90,568 | +€90,568 | |
| Credit institutions | 430/8 | - | €90,568 | +€90,568 | |
| Trade debts | 44 | €1,360,074 | €2,632,685 | +€1.3m | +93.6% |
| Suppliers | 440/4 | €1,360,074 | €2,632,685 | +€1.3m | +93.6% |
| Taxes, remuneration and social security | 45 | €150,531 | €201,857 | +€51,326 | +34.1% |
| Taxes | 450/3 | €31,462 | €49,809 | +€18,346 | +58.3% |
| Remuneration and social security | 454/9 | €119,068 | €152,048 | +€32,980 | +27.7% |
| Other amounts payable | 47/48 | €383,527 | €0 | -€383,527 | -100% |
| Accrued charges and deferred income | 492/3 | €19,888 | €12,400 | -€7,488 | -37.6% |
| Turnover | 70 | €11,224,711 | €11,888,525 | +€663,814 | +5.9% |
| Non-recurring operating income | 76A | - | €21,189 | +€21,189 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,135,907 | €10,498,702 | +€1.4m | +14.9% |
| Remuneration, social security and pensions | 62 | €1,398,992 | €1,428,585 | +€29,593 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663,143 | €1,189,857 | +€526,714 | +79.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,699 | €0 | -€1,699 | -100% |
| Other operating charges | 640/8 | €58,731 | €59,612 | +€882 | +1.5% |
| Gross operating margin | 9900 | €2,157,661 | €1,467,180 | -€690,481 | -32.0% |
| Operating profit (loss) | 9901 | €35,096 | -€1,210,874 | -€1.2m | |
| Financial income | 75/76B | €66,171 | €90,323 | +€24,151 | +36.5% |
| Recurring financial income | 75 | €66,171 | €90,323 | +€24,151 | +36.5% |
| Financial charges | 65/66B | €117,013 | €162,490 | +€45,477 | +38.9% |
| Recurring financial charges | 65 | €117,013 | €162,490 | +€45,477 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,745 | -€1,283,041 | -€1.3m | -8,049% |
| Income taxes | 67/77 | €797 | €978 | +€181 | +22.7% |
| Profit (loss) for the period | 9904 | -€16,542 | -€1,284,019 | -€1.3m | -7,662% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,542 | -€1,284,019 | -€1.3m | -7,662% |
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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 5 November 2026 via checked.be.