NEW - GLASS: 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.
NEW - GLASS
Largest movements
- Cash +€91,739
up €91,739 (+5,529%), from €1,659 to €93,398
mainly Net result for the year (+€94,677) and Depreciation (+€4,684)
- Tangible fixed assets -€6,526
down €6,526 (-11.4%), from €57,172 to €50,647
of which Land and buildings: -€9,333
- Receivables within one year +€6,158
up €6,158 (+64.2%), from €9,597 to €15,755
of which Trade receivables: +€3,423
- Reserves +€86,975
up €86,975 (+377%), from €23,090 to €110,065
of which Distributable reserves: +€86,975
- Profit (loss) carried forward +€7,702
no longer reported in 2025 (was -€7,702)
- Current portion of long-term debt -€5,639
no longer reported in 2025 (was €5,639)
- Trade debts +€3,004
up €3,004 (+177%), from €1,694 to €4,698
- Gross operating margin +€90,565
up €90,565 (+926%), from €9,776 to €100,341
- Purchases and services -€23,025
down €23,025 (-14.9%), from €154,380 to €131,355
- Depreciation -€7,789
down €7,789 (-62.4%), from €12,473 to €4,684
- Write-downs -€1,900
new in 2025: -€1,900
- Financial charges -€1,313
down €1,313 (-68.3%), from €1,922 to €609
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,777 | €162,233 | +€92,457 | +133% |
| Fixed assets | 21/28 | €57,172 | €50,647 | -€6,526 | -11.4% |
| Tangible fixed assets | 22/27 | €57,172 | €50,647 | -€6,526 | -11.4% |
| Land and buildings | 22 | €56,675 | €47,342 | -€9,333 | -16.5% |
| Plant, machinery and equipment | 23 | €497 | €1,993 | +€1,496 | +301% |
| Furniture and vehicles | 24 | - | €1,311 | +€1,311 | |
| Current assets | 29/58 | €12,605 | €111,587 | +€98,982 | +785% |
| Stocks and contracts in progress | 3 | €555 | €1,674 | +€1,119 | +202% |
| Stocks | 30/36 | €555 | €1,674 | +€1,119 | +202% |
| Amounts receivable within one year | 40/41 | €9,597 | €15,755 | +€6,158 | +64.2% |
| Trade receivables | 40 | €9,597 | €13,021 | +€3,423 | +35.7% |
| Other amounts receivable | 41 | - | €2,735 | +€2,735 | |
| Cash at bank and in hand | 54/58 | €1,659 | €93,398 | +€91,739 | +5,529% |
| Deferred charges and accrued income | 490/1 | €793 | €760 | -€34 | -4.3% |
| Total equity and liabilities | 10/49 | €69,777 | €162,233 | +€92,457 | +133% |
| Equity | 10/15 | €48,110 | €142,787 | +€94,677 | +197% |
| Contributions | 10/11 | €32,722 | €32,722 | = | 0.0% |
| Capital | 10 | €32,722 | €32,722 | = | 0.0% |
| Issued capital | 100 | €32,722 | €32,722 | = | 0.0% |
| Reserves | 13 | €23,090 | €110,065 | +€86,975 | +377% |
| Tax-exempt reserves | 132 | €19,564 | €19,564 | = | 0.0% |
| Distributable reserves | 133 | €3,525 | €90,500 | +€86,975 | +2,467% |
| Profit (loss) carried forward | 14 | -€7,702 | - | +€7,702 | |
| Amounts payable | 17/49 | €21,667 | €19,447 | -€2,220 | -10.2% |
| Amounts payable after more than one year | 17 | €10,900 | €10,900 | = | 0.0% |
| Financial debts | 170/4 | €10,900 | €10,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,767 | €8,547 | -€2,220 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €5,639 | - | -€5,639 | |
| Trade debts | 44 | €1,694 | €4,698 | +€3,004 | +177% |
| Suppliers | 440/4 | €1,694 | €4,698 | +€3,004 | +177% |
| Taxes, remuneration and social security | 45 | €3,176 | €3,591 | +€414 | +13.0% |
| Taxes | 450/3 | €3,176 | €3,591 | +€414 | +13.0% |
| Other amounts payable | 47/48 | €258 | €258 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €154,380 | €131,355 | -€23,025 | -14.9% |
| Remuneration, social security and pensions | 62 | €86 | €662 | +€576 | +671% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,473 | €4,684 | -€7,789 | -62.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,900 | -€1,900 | |
| Other operating charges | 640/8 | €1,616 | €1,714 | +€98 | +6.1% |
| Gross operating margin | 9900 | €9,776 | €100,341 | +€90,565 | +926% |
| Operating profit (loss) | 9901 | -€4,399 | €95,181 | +€99,580 | |
| Financial income | 75/76B | €1 | €260 | +€259 | +27,829% |
| Recurring financial income | 75 | €1 | €260 | +€259 | +27,829% |
| Financial charges | 65/66B | €1,922 | €609 | -€1,313 | -68.3% |
| Recurring financial charges | 65 | €1,922 | €609 | -€1,313 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,320 | €94,832 | +€101,152 | |
| Income taxes | 67/77 | €374 | €155 | -€219 | -58.5% |
| Profit (loss) for the period | 9904 | -€6,694 | €94,677 | +€101,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,694 | €94,677 | +€101,371 |
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 24 October 2026 via checked.be.