Just Glow: 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.
Just Glow
Largest movements
- Tangible fixed assets +€79,500
new in 2024: €79,500
- Cash -€71,701
no longer reported in 2024 (was €71,701)
mainly Investment in fixed assets (net) (-€79,500) and Current investments (-€49,895)
- Current investments +€49,895
new in 2024: €49,895
- Receivables within one year +€26,510
up €26,510 (+82.6%), from €32,111 to €58,620
of which Trade receivables: +€21,868
- Trade debts +€63,721
up €63,721 (+494%), from €12,912 to €76,633
- Tax, wage and social debts +€21,474
up €21,474 (+81.0%), from €26,520 to €47,994
of which Taxes: +€24,687
- Other debts -€3,336
no longer reported in 2024 (was €3,336)
- Profit (loss) carried forward +€2,344
up €2,344 (+3.7%), from €63,894 to €66,238
- Gross operating margin -€34,899
down €34,899 (-39.2%), from €89,059 to €54,160
- Purchases and services +€28,981
up €28,981 (+29.1%), from €99,545 to €128,526
- Staff costs +€12,189
up €12,189 (+31.9%), from €38,256 to €50,445
- Depreciation -€9,252
no longer reported in 2024 (was €9,252)
- Taxes -€7,432
down €7,432 (-89.4%), from €8,310 to €878
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,412 | €192,616 | +€84,204 | +77.7% |
| Fixed assets | 21/28 | €4,600 | €84,100 | +€79,500 | +1,728% |
| Tangible fixed assets | 22/27 | - | €79,500 | +€79,500 | |
| Furniture and vehicles | 24 | - | €79,500 | +€79,500 | |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €103,812 | €108,516 | +€4,704 | +4.5% |
| Amounts receivable within one year | 40/41 | €32,111 | €58,620 | +€26,510 | +82.6% |
| Trade receivables | 40 | €32,111 | €53,979 | +€21,868 | +68.1% |
| Other amounts receivable | 41 | - | €4,642 | +€4,642 | |
| Current investments | 50/53 | - | €49,895 | +€49,895 | |
| Cash at bank and in hand | 54/58 | €71,701 | - | -€71,701 | |
| Total equity and liabilities | 10/49 | €108,412 | €192,616 | +€84,204 | +77.7% |
| Equity | 10/15 | €65,644 | €67,988 | +€2,344 | +3.6% |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,894 | €66,238 | +€2,344 | +3.7% |
| Amounts payable | 17/49 | €42,768 | €124,627 | +€81,860 | +191% |
| Amounts payable within one year | 42/48 | €42,768 | €124,627 | +€81,860 | +191% |
| Trade debts | 44 | €12,912 | €76,633 | +€63,721 | +494% |
| Suppliers | 440/4 | €12,912 | €76,633 | +€63,721 | +494% |
| Taxes, remuneration and social security | 45 | €26,520 | €47,994 | +€21,474 | +81.0% |
| Taxes | 450/3 | €23,307 | €47,994 | +€24,687 | +106% |
| Remuneration and social security | 454/9 | €3,213 | - | -€3,213 | |
| Other amounts payable | 47/48 | €3,336 | - | -€3,336 | |
| Goods, raw materials, services and sundry goods | 60/61 | €99,545 | €128,526 | +€28,981 | +29.1% |
| Remuneration, social security and pensions | 62 | €38,256 | €50,445 | +€12,189 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,252 | - | -€9,252 | |
| Non-recurring operating charges | 66A | - | €141 | +€141 | |
| Gross operating margin | 9900 | €89,059 | €54,160 | -€34,899 | -39.2% |
| Operating profit (loss) | 9901 | €41,550 | €3,574 | -€37,976 | -91.4% |
| Financial charges | 65/66B | - | €352 | +€352 | |
| Recurring financial charges | 65 | - | €352 | +€352 | |
| Profit (loss) for the period before taxes | 9903 | €41,550 | €3,222 | -€38,328 | -92.2% |
| Income taxes | 67/77 | €8,310 | €878 | -€7,432 | -89.4% |
| Profit (loss) for the period | 9904 | €33,240 | €2,344 | -€30,896 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,240 | €2,344 | -€30,896 | -92.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.