LA GLORIA: 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.
LA GLORIA
Largest movements
- Tangible fixed assets -€72,958
down €72,958 (-15.8%), from €461,682 to €388,724
of which Plant, machinery and equipment: -€72,596
- Cash +€23,500
up €23,500 (+34.0%), from €69,067 to €92,567
mainly Depreciation (+€94,660) and Net result for the year (+€17,709)
- Deferred charges and accrued income +€17,794
up €17,794 (+325%), from €5,480 to €23,274
- Receivables within one year -€9,456
down €9,456 (-16.8%), from €56,298 to €46,841
of which Trade receivables: -€9,372
- Debts after one year -€52,423
down €52,423 (-23.4%), from €224,073 to €171,650
- Trade debts -€21,900
down €21,900 (-29.5%), from €74,247 to €52,348
- Reserves +€17,709
up €17,709 (+10.3%), from €171,197 to €188,906
- Tax, wage and social debts +€14,609
up €14,609 (+40.6%), from €35,946 to €50,555
of which Taxes: +€15,216
- Gross operating margin +€63,419
up €63,419 (+8.6%), from €740,370 to €803,789
- Staff costs +€51,126
up €51,126 (+8.4%), from €607,479 to €658,604
- Depreciation +€14,762
up €14,762 (+18.5%), from €79,898 to €94,660
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 | €622,098 | €579,067 | -€43,032 | -6.9% |
| Fixed assets | 21/28 | €469,401 | €395,059 | -€74,342 | -15.8% |
| Intangible fixed assets | 21 | €3,519 | €2,135 | -€1,384 | -39.3% |
| Tangible fixed assets | 22/27 | €461,682 | €388,724 | -€72,958 | -15.8% |
| Plant, machinery and equipment | 23 | €460,974 | €388,378 | -€72,596 | -15.7% |
| Furniture and vehicles | 24 | €708 | €346 | -€362 | -51.1% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €152,697 | €184,008 | +€31,310 | +20.5% |
| Stocks and contracts in progress | 3 | €21,852 | €21,325 | -€528 | -2.4% |
| Stocks | 30/36 | €21,852 | €21,325 | -€528 | -2.4% |
| Amounts receivable within one year | 40/41 | €56,298 | €46,841 | -€9,456 | -16.8% |
| Trade receivables | 40 | €43,207 | €33,835 | -€9,372 | -21.7% |
| Other amounts receivable | 41 | €13,090 | €13,006 | -€84 | -0.6% |
| Cash at bank and in hand | 54/58 | €69,067 | €92,567 | +€23,500 | +34.0% |
| Deferred charges and accrued income | 490/1 | €5,480 | €23,274 | +€17,794 | +325% |
| Total equity and liabilities | 10/49 | €622,098 | €579,067 | -€43,032 | -6.9% |
| Equity | 10/15 | €189,797 | €207,506 | +€17,709 | +9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,197 | €188,906 | +€17,709 | +10.3% |
| Distributable reserves | 133 | €171,197 | €188,906 | +€17,709 | +10.3% |
| Amounts payable | 17/49 | €432,301 | €371,561 | -€60,740 | -14.1% |
| Amounts payable after more than one year | 17 | €224,073 | €171,650 | -€52,423 | -23.4% |
| Financial debts | 170/4 | €224,073 | €171,650 | -€52,423 | -23.4% |
| Amounts payable within one year | 42/48 | €208,228 | €199,911 | -€8,317 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €51,065 | €52,423 | +€1,358 | +2.7% |
| Trade debts | 44 | €74,247 | €52,348 | -€21,900 | -29.5% |
| Suppliers | 440/4 | €74,247 | €52,348 | -€21,900 | -29.5% |
| Taxes, remuneration and social security | 45 | €35,946 | €50,555 | +€14,609 | +40.6% |
| Taxes | 450/3 | - | €15,216 | +€15,216 | |
| Remuneration and social security | 454/9 | €35,946 | €35,339 | -€607 | -1.7% |
| Other amounts payable | 47/48 | €46,970 | €44,585 | -€2,385 | -5.1% |
| Remuneration, social security and pensions | 62 | €607,479 | €658,604 | +€51,126 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,898 | €94,660 | +€14,762 | +18.5% |
| Other operating charges | 640/8 | €5,189 | €11,353 | +€6,164 | +119% |
| Gross operating margin | 9900 | €740,370 | €803,789 | +€63,419 | +8.6% |
| Operating profit (loss) | 9901 | €47,804 | €39,171 | -€8,633 | -18.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,440 | €18,044 | +€1,605 | +9.8% |
| Recurring financial charges | 65 | €16,440 | €18,044 | +€1,605 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €31,364 | €21,127 | -€10,237 | -32.6% |
| Income taxes | 67/77 | €4,817 | €3,418 | -€1,398 | -29.0% |
| Profit (loss) for the period | 9904 | €26,548 | €17,709 | -€8,839 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,548 | €17,709 | -€8,839 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.