Les Glaciers: what changed
What changed
Les Glaciers
NACE 58.190, Other publishing activities, excluding software publishing
filed annual accounts (NBB)
Net result for the year
-€349,764
2024 · -€6,977-€342,787
Equity
€396,753
2024 · €746,517-€349,764
Cash
€4,347
2024 · €2,999+€1,347
Balance sheet total
€483,252
2024 · €784,018-€300,766
Largest movements
Assets
- Financial fixed assets -€315,311
down €315,311 (-46.4%), from €680,000 to €364,689
- Tangible fixed assets +€22,340
up €22,340 (+398%), from €5,612 to €27,953
of which Furniture and vehicles: +€23,108
- Intangible fixed assets -€21,121
down €21,121 (-24.3%), from €86,758 to €65,637
- Receivables within one year +€18,490
up €18,490, from €0 to €18,490
of which Trade receivables: +€18,490
Equity and liabilities
- Profit (loss) carried forward -€349,764
down €349,764 (-861%), from -€40,632 to -€390,396
- Other debts +€80,004
up €80,004, from €0 to €80,004
- Debts after one year -€35,000
down €35,000 (-100%), from €35,000 to €0
Income statement
- Financial charges +€315,881
up €315,881 (+745,003%), from €42 to €315,924
of which Non-recurring financial charges: +€309,961
- Depreciation +€12,076
up €12,076 (+29.7%), from €40,698 to €52,774
- Gross operating margin -€11,689
down €11,689 (-34.0%), from €34,384 to €22,695
- Other operating charges +€2,731
up €2,731 (+354%), from €772 to €3,503
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
-€6,977
Gross operating margin
-€11,689
Depreciation
-€12,076
Other operating charges
-€2,731
Financial income
-€126
Financial charges
-€315,881
Taxes
-€285
Result 2025
-€349,764
lowers 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
-€232,499
Investment
+€268,694
Financing
-€34,848
Cash 2024
€2,999
From operations (derived)
-€232,499
Net result for the year
-€349,764
Depreciation
+€52,774
Receivables within one year
-€18,490
Smaller working-capital items
-€1,690
Trade debts
+€4,668
Other debts
+€80,004
Investment (derived)
+€268,694
Investment in fixed assets (net)
+€261,317
Current investments
+€7,376
Financing
-€34,848
Debts after one year
-€35,000
Short-term financial debts
+€152
Cash 2025
€4,347
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,018 | €483,252 | -€300,766 | -38.4% |
| Fixed assets | 21/28 | €772,370 | €458,279 | -€314,092 | -40.7% |
| Intangible fixed assets | 21 | €86,758 | €65,637 | -€21,121 | -24.3% |
| Tangible fixed assets | 22/27 | €5,612 | €27,953 | +€22,340 | +398% |
| Furniture and vehicles | 24 | €0 | €23,108 | +€23,108 | |
| Other tangible fixed assets | 26 | €5,612 | €4,844 | -€768 | -13.7% |
| Financial fixed assets | 28 | €680,000 | €364,689 | -€315,311 | -46.4% |
| Current assets | 29/58 | €11,648 | €24,973 | +€13,326 | +114% |
| Amounts receivable within one year | 40/41 | €0 | €18,490 | +€18,490 | |
| Trade receivables | 40 | €0 | €18,490 | +€18,490 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €7,376 | €0 | -€7,376 | -100% |
| Cash at bank and in hand | 54/58 | €2,999 | €4,347 | +€1,347 | +44.9% |
| Deferred charges and accrued income | 490/1 | €1,272 | €2,137 | +€865 | +68.0% |
| Total equity and liabilities | 10/49 | €784,018 | €483,252 | -€300,766 | -38.4% |
| Equity | 10/15 | €746,517 | €396,753 | -€349,764 | -46.9% |
| Contributions | 10/11 | €524,600 | €524,600 | = | 0.0% |
| Capital | 10 | €524,600 | €524,600 | = | 0.0% |
| Issued capital | 100 | €524,600 | €524,600 | = | 0.0% |
| Reserves | 13 | €262,549 | €262,549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,460 | €52,460 | = | 0.0% |
| Legal reserve | 130 | €52,460 | €52,460 | = | 0.0% |
| Distributable reserves | 133 | €210,089 | €210,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,632 | -€390,396 | -€349,764 | -861% |
| Amounts payable | 17/49 | €37,501 | €86,499 | +€48,998 | +131% |
| Amounts payable after more than one year | 17 | €35,000 | €0 | -€35,000 | -100% |
| Other amounts payable | 178/9 | €35,000 | €0 | -€35,000 | -100% |
| Amounts payable within one year | 42/48 | €2,501 | €86,499 | +€83,998 | +3,359% |
| Financial debts | 43 | - | €152 | +€152 | |
| Other loans | 439 | - | €152 | +€152 | |
| Trade debts | 44 | €1,243 | €5,911 | +€4,668 | +375% |
| Suppliers | 440/4 | €1,243 | €5,911 | +€4,668 | +375% |
| Taxes, remuneration and social security | 45 | €1,257 | €432 | -€826 | -65.7% |
| Taxes | 450/3 | €1,257 | €432 | -€826 | -65.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €80,004 | +€80,004 | |
| Non-recurring operating income | 76A | €600 | €0 | -€600 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,698 | €52,774 | +€12,076 | +29.7% |
| Other operating charges | 640/8 | €772 | €3,503 | +€2,731 | +354% |
| Gross operating margin | 9900 | €34,384 | €22,695 | -€11,689 | -34.0% |
| Operating profit (loss) | 9901 | -€7,086 | -€33,582 | -€26,496 | -374% |
| Financial income | 75/76B | €151 | €26 | -€126 | -82.9% |
| Recurring financial income | 75 | €151 | €26 | -€126 | -82.9% |
| Financial charges | 65/66B | €42 | €315,924 | +€315,881 | +745,003% |
| Recurring financial charges | 65 | €42 | €5,962 | +€5,920 | +13,962% |
| Non-recurring financial charges | 66B | - | €309,961 | +€309,961 | |
| Profit (loss) for the period before taxes | 9903 | -€6,977 | -€349,480 | -€342,503 | -4,909% |
| Income taxes | 67/77 | €0 | €285 | +€285 | |
| Profit (loss) for the period | 9904 | -€6,977 | -€349,764 | -€342,787 | -4,913% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,977 | -€349,764 | -€342,787 | -4,913% |
Next steps
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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 4 November 2026 via checked.be.