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
- Cash +€190,708
up €190,708 (+28,228%), from €676 to €191,383
mainly Net result for the year (+€187,856) and Tax, wage and social debts (+€16,061)
- Receivables within one year +€16,234
up €16,234 (+64.1%), from €25,307 to €41,541
of which Other amounts receivable: +€17,417
- Tangible fixed assets -€7,340
down €7,340 (-18.4%), from €39,997 to €32,656
of which Furniture and vehicles: -€3,728
- Reserves +€173,200
up €173,200 (+82.2%), from €210,600 to €383,800
- Tax, wage and social debts +€16,061
up €16,061 (+204%), from €7,869 to €23,930
of which Taxes: +€13,561
- Other debts +€11,017
up €11,017 (+38.0%), from €28,983 to €40,000
- Financial income +€114,106
up €114,106 (+140%), from €81,447 to €195,553
- Taxes +€13,631
up €13,631 (+161%), from €8,488 to €22,119
- Gross operating margin +€8,123
up €8,123 (+49.4%), from €16,427 to €24,550
- Depreciation -€1,959
down €1,959 (-21.1%), from €9,299 to €7,340
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 | €259,739 | €458,428 | +€198,689 | +76.5% |
| Fixed assets | 21/28 | €232,397 | €225,056 | -€7,340 | -3.2% |
| Tangible fixed assets | 22/27 | €39,997 | €32,656 | -€7,340 | -18.4% |
| Land and buildings | 22 | €34,425 | €30,813 | -€3,612 | -10.5% |
| Furniture and vehicles | 24 | €5,572 | €1,844 | -€3,728 | -66.9% |
| Financial fixed assets | 28 | €192,400 | €192,400 | = | 0.0% |
| Current assets | 29/58 | €27,342 | €233,371 | +€206,029 | +754% |
| Amounts receivable within one year | 40/41 | €25,307 | €41,541 | +€16,234 | +64.1% |
| Trade receivables | 40 | €5,633 | €4,451 | -€1,183 | -21.0% |
| Other amounts receivable | 41 | €19,673 | €37,090 | +€17,417 | +88.5% |
| Cash at bank and in hand | 54/58 | €676 | €191,383 | +€190,708 | +28,228% |
| Deferred charges and accrued income | 490/1 | €1,360 | €447 | -€913 | -67.1% |
| Total equity and liabilities | 10/49 | €259,739 | €458,428 | +€198,689 | +76.5% |
| Equity | 10/15 | €220,840 | €394,396 | +€173,556 | +78.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €210,600 | €383,800 | +€173,200 | +82.2% |
| Distributable reserves | 133 | €210,600 | €383,800 | +€173,200 | +82.2% |
| Profit (loss) carried forward | 14 | €240 | €596 | +€356 | +149% |
| Amounts payable | 17/49 | €38,900 | €64,032 | +€25,132 | +64.6% |
| Amounts payable within one year | 42/48 | €38,900 | €64,032 | +€25,132 | +64.6% |
| Trade debts | 44 | €2,048 | €102 | -€1,946 | -95.0% |
| Suppliers | 440/4 | €2,048 | €102 | -€1,946 | -95.0% |
| Taxes, remuneration and social security | 45 | €7,869 | €23,930 | +€16,061 | +204% |
| Taxes | 450/3 | €7,869 | €21,430 | +€13,561 | +172% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €28,983 | €40,000 | +€11,017 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,299 | €7,340 | -€1,959 | -21.1% |
| Other operating charges | 640/8 | €2,346 | €2,309 | -€37 | -1.6% |
| Gross operating margin | 9900 | €16,427 | €24,550 | +€8,123 | +49.4% |
| Operating profit (loss) | 9901 | €4,782 | €14,900 | +€10,118 | +212% |
| Financial income | 75/76B | €81,447 | €195,553 | +€114,106 | +140% |
| Recurring financial income | 75 | €81,447 | €195,553 | +€114,106 | +140% |
| Financial charges | 65/66B | €501 | €477 | -€24 | -4.8% |
| Recurring financial charges | 65 | €501 | €477 | -€24 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €85,727 | €209,975 | +€124,248 | +145% |
| Income taxes | 67/77 | €8,488 | €22,119 | +€13,631 | +161% |
| Profit (loss) for the period | 9904 | €77,240 | €187,856 | +€110,617 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €77,240 | €187,856 | +€110,617 | +143% |
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 18 October 2026 via checked.be.