Mk Glorieux: 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.
Mk Glorieux
Largest movements
- Tangible fixed assets -€30,198
down €30,198 (-14.4%), from €209,951 to €179,752
of which Furniture and vehicles: -€17,333
- Stocks and contracts -€6,251
down €6,251 (-32.2%), from €19,431 to €13,180
- Cash -€3,516
down €3,516 (-97.1%), from €3,619 to €103
mainly Net result for the year (-€25,311) and Debts after one year (-€19,665)
- Receivables within one year -€3,228
down €3,228 (-12.2%), from €26,509 to €23,281
of which Trade receivables: -€5,065
- Profit (loss) carried forward -€25,311
down €25,311 (-402%), from -€6,290 to -€31,601
- Debts after one year -€19,665
down €19,665 (-16.8%), from €116,821 to €97,156
- Tax, wage and social debts +€8,078
up €8,078 (+1,256%), from €643 to €8,721
of which Remuneration and social security: +€4,360
- Trade debts -€7,761
down €7,761 (-35.0%), from €22,145 to €14,384
- Gross operating margin -€21,974
down €21,974 (-69.4%), from €31,651 to €9,677
- Financial income -€2,441
down €2,441 (-98.6%), from €2,477 to €36
- Depreciation +€2,409
up €2,409 (+8.6%), from €28,108 to €30,517
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 | €262,636 | €219,538 | -€43,097 | -16.4% |
| Formation expenses | 20 | €100 | €0 | -€100 | -100% |
| Fixed assets | 21/28 | €210,496 | €180,080 | -€30,416 | -14.4% |
| Intangible fixed assets | 21 | €545 | €327 | -€218 | -40.0% |
| Tangible fixed assets | 22/27 | €209,951 | €179,752 | -€30,198 | -14.4% |
| Land and buildings | 22 | €120,267 | €112,584 | -€7,683 | -6.4% |
| Plant, machinery and equipment | 23 | €39,595 | €34,413 | -€5,182 | -13.1% |
| Furniture and vehicles | 24 | €50,088 | €32,755 | -€17,333 | -34.6% |
| Current assets | 29/58 | €52,039 | €39,459 | -€12,581 | -24.2% |
| Stocks and contracts in progress | 3 | €19,431 | €13,180 | -€6,251 | -32.2% |
| Stocks | 30/36 | €19,431 | €13,180 | -€6,251 | -32.2% |
| Amounts receivable within one year | 40/41 | €26,509 | €23,281 | -€3,228 | -12.2% |
| Trade receivables | 40 | €24,221 | €19,156 | -€5,065 | -20.9% |
| Other amounts receivable | 41 | €2,288 | €4,125 | +€1,837 | +80.3% |
| Cash at bank and in hand | 54/58 | €3,619 | €103 | -€3,516 | -97.1% |
| Deferred charges and accrued income | 490/1 | €2,481 | €2,895 | +€414 | +16.7% |
| Total equity and liabilities | 10/49 | €262,636 | €219,538 | -€43,097 | -16.4% |
| Equity | 10/15 | €55,560 | €30,249 | -€25,311 | -45.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €350 | €350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €350 | €350 | = | 0.0% |
| Legal reserve | 130 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,290 | -€31,601 | -€25,311 | -402% |
| Amounts payable | 17/49 | €207,075 | €189,289 | -€17,786 | -8.6% |
| Amounts payable after more than one year | 17 | €116,821 | €97,156 | -€19,665 | -16.8% |
| Financial debts | 170/4 | €116,821 | €97,156 | -€19,665 | -16.8% |
| Amounts payable within one year | 42/48 | €90,254 | €91,034 | +€779 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €19,296 | €19,665 | +€369 | +1.9% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €22,145 | €14,384 | -€7,761 | -35.0% |
| Suppliers | 440/4 | €22,145 | €14,384 | -€7,761 | -35.0% |
| Taxes, remuneration and social security | 45 | €643 | €8,721 | +€8,078 | +1,256% |
| Taxes | 450/3 | €643 | €4,361 | +€3,718 | +578% |
| Remuneration and social security | 454/9 | - | €4,360 | +€4,360 | |
| Other amounts payable | 47/48 | €48,170 | €48,256 | +€86 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,108 | €30,517 | +€2,409 | +8.6% |
| Other operating charges | 640/8 | €2,022 | €2,009 | -€13 | -0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,651 | €9,677 | -€21,974 | -69.4% |
| Operating profit (loss) | 9901 | €1,521 | -€22,849 | -€24,370 | |
| Financial income | 75/76B | €2,477 | €36 | -€2,441 | -98.6% |
| Recurring financial income | 75 | €2,477 | €36 | -€2,441 | -98.6% |
| Financial charges | 65/66B | €2,518 | €2,309 | -€209 | -8.3% |
| Recurring financial charges | 65 | €2,518 | €2,309 | -€209 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €1,480 | -€25,122 | -€26,601 | |
| Income taxes | 67/77 | €208 | €189 | -€19 | -9.0% |
| Profit (loss) for the period | 9904 | €1,272 | -€25,311 | -€26,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | -€25,311 | -€26,583 |
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 22 October 2026 via checked.be.