Le Glacier: 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.
Le Glacier
Largest movements
- Tangible fixed assets +€157,294
up €157,294 (+25,310%), from €621 to €157,915
of which Furniture and vehicles: +€109,987
- Receivables within one year +€53,355
up €53,355 (+692%), from €7,709 to €61,063
of which Other amounts receivable: +€54,437
- Intangible fixed assets +€38,806
new in 2025: €38,806
- Cash -€10,470
down €10,470 (-54.4%), from €19,233 to €8,763
mainly Investment in fixed assets (net) (-€207,490) and Receivables within one year (-€53,355)
- Other debts +€166,302
up €166,302 (+222%), from €74,802 to €241,105
- Trade debts +€71,676
up €71,676 (+4,961%), from €1,445 to €73,121
- Gross operating margin +€21,538
up €21,538 (+154%), from €13,986 to €35,523
- Financial charges +€13,064
up €13,064 (+2,828%), from €462 to €13,526
- Depreciation +€11,172
up €11,172 (+5,104%), from €219 to €11,391
- Staff costs +€8,386
new in 2025: €8,386
- Other operating charges -€603
down €603 (-43.3%), from €1,394 to €791
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 | €107,120 | €346,537 | +€239,417 | +224% |
| Fixed assets | 21/28 | €1,052 | €197,152 | +€196,099 | +18,632% |
| Intangible fixed assets | 21 | - | €38,806 | +€38,806 | |
| Tangible fixed assets | 22/27 | €621 | €157,915 | +€157,294 | +25,310% |
| Plant, machinery and equipment | 23 | - | €47,307 | +€47,307 | |
| Furniture and vehicles | 24 | €621 | €110,608 | +€109,987 | +17,698% |
| Financial fixed assets | 28 | €431 | €431 | = | 0.0% |
| Current assets | 29/58 | €106,068 | €149,385 | +€43,318 | +40.8% |
| Stocks and contracts in progress | 3 | €78,861 | €77,781 | -€1,080 | -1.4% |
| Stocks | 30/36 | €78,861 | €77,781 | -€1,080 | -1.4% |
| Amounts receivable within one year | 40/41 | €7,709 | €61,063 | +€53,355 | +692% |
| Trade receivables | 40 | €3,259 | €2,177 | -€1,082 | -33.2% |
| Other amounts receivable | 41 | €4,449 | €58,886 | +€54,437 | +1,224% |
| Cash at bank and in hand | 54/58 | €19,233 | €8,763 | -€10,470 | -54.4% |
| Deferred charges and accrued income | 490/1 | €264 | €1,778 | +€1,514 | +572% |
| Total equity and liabilities | 10/49 | €107,120 | €346,537 | +€239,417 | +224% |
| Equity | 10/15 | €30,873 | €32,311 | +€1,438 | +4.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €32,552 | €32,552 | = | 0.0% |
| Distributable reserves | 133 | €32,552 | €32,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,679 | -€20,240 | +€1,438 | +6.6% |
| Amounts payable | 17/49 | €76,247 | €314,226 | +€237,979 | +312% |
| Amounts payable within one year | 42/48 | €76,247 | €314,226 | +€237,979 | +312% |
| Trade debts | 44 | €1,445 | €73,121 | +€71,676 | +4,961% |
| Suppliers | 440/4 | €1,445 | €73,121 | +€71,676 | +4,961% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €74,802 | €241,105 | +€166,302 | +222% |
| Remuneration, social security and pensions | 62 | - | €8,386 | +€8,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €11,391 | +€11,172 | +5,104% |
| Other operating charges | 640/8 | €1,394 | €791 | -€603 | -43.3% |
| Gross operating margin | 9900 | €13,986 | €35,523 | +€21,538 | +154% |
| Operating profit (loss) | 9901 | €12,373 | €14,956 | +€2,583 | +20.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €462 | €13,526 | +€13,064 | +2,828% |
| Recurring financial charges | 65 | €462 | €13,526 | +€13,064 | +2,828% |
| Profit (loss) for the period before taxes | 9903 | €11,911 | €1,438 | -€10,473 | -87.9% |
| Profit (loss) for the period | 9904 | €11,911 | €1,438 | -€10,473 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,911 | €1,438 | -€10,473 | -87.9% |
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 20 October 2026 via checked.be.