PP-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.
PP-GLASS
Largest movements
- Receivables within one year -€16,085
down €16,085 (-34.6%), from €46,435 to €30,350
of which Other amounts receivable: -€25,499
- Cash -€15,272
down €15,272 (-40.2%), from €37,996 to €22,725
mainly Other debts (-€33,749) and Debts after one year (-€8,792)
- Tangible fixed assets -€11,314
down €11,314 (-21.3%), from €53,174 to €41,860
of which Furniture and vehicles: -€10,772
- Other debts -€33,749
down €33,749 (-96.4%), from €35,000 to €1,251
- Debts after one year -€8,792
down €8,792 (-41.9%), from €20,975 to €12,183
- Accrued charges and deferred income -€8,400
down €8,400 (-100%), from €8,400 to €0
- Trade debts +€4,437
up €4,437 (+84.1%), from €5,275 to €9,713
- Tax, wage and social debts +€1,979
up €1,979 (+150%), from €1,320 to €3,298
- Gross operating margin +€4,753
up €4,753 (+35.8%), from €13,279 to €18,032
- Depreciation +€3,054
up €3,054 (+37.0%), from €8,260 to €11,314
- Financial income -€1,977
down €1,977 (-98.1%), from €2,015 to €38
- Financial charges -€1,692
down €1,692 (-51.9%), from €3,258 to €1,566
- Taxes +€1,525
up €1,525 (+314%), from €485 to €2,010
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 | €138,897 | €95,486 | -€43,411 | -31.3% |
| Fixed assets | 21/28 | €53,519 | €42,205 | -€11,314 | -21.1% |
| Tangible fixed assets | 22/27 | €53,174 | €41,860 | -€11,314 | -21.3% |
| Land and buildings | 22 | €6,910 | €6,781 | -€130 | -1.9% |
| Plant, machinery and equipment | 23 | €1,895 | €1,482 | -€412 | -21.8% |
| Furniture and vehicles | 24 | €44,369 | €33,597 | -€10,772 | -24.3% |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €85,378 | €53,281 | -€32,097 | -37.6% |
| Amounts receivable within one year | 40/41 | €46,435 | €30,350 | -€16,085 | -34.6% |
| Trade receivables | 40 | €17,482 | €26,896 | +€9,414 | +53.8% |
| Other amounts receivable | 41 | €28,952 | €3,453 | -€25,499 | -88.1% |
| Cash at bank and in hand | 54/58 | €37,996 | €22,725 | -€15,272 | -40.2% |
| Deferred charges and accrued income | 490/1 | €947 | €207 | -€740 | -78.2% |
| Total equity and liabilities | 10/49 | €138,897 | €95,486 | -€43,411 | -31.3% |
| Equity | 10/15 | €59,420 | €60,249 | +€829 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,220 | €54,049 | +€829 | +1.6% |
| Tax-exempt reserves | 132 | €22,307 | €22,307 | = | 0.0% |
| Distributable reserves | 133 | €30,913 | €31,742 | +€829 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,477 | €35,237 | -€44,240 | -55.7% |
| Amounts payable after more than one year | 17 | €20,975 | €12,183 | -€8,792 | -41.9% |
| Financial debts | 170/4 | €20,975 | €12,183 | -€8,792 | -41.9% |
| Amounts payable within one year | 42/48 | €50,102 | €23,054 | -€27,048 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €8,507 | €8,792 | +€285 | +3.4% |
| Trade debts | 44 | €5,275 | €9,713 | +€4,437 | +84.1% |
| Suppliers | 440/4 | €5,275 | €9,713 | +€4,437 | +84.1% |
| Taxes, remuneration and social security | 45 | €1,320 | €3,298 | +€1,979 | +150% |
| Taxes | 450/3 | €1,320 | €3,298 | +€1,979 | +150% |
| Other amounts payable | 47/48 | €35,000 | €1,251 | -€33,749 | -96.4% |
| Accrued charges and deferred income | 492/3 | €8,400 | €0 | -€8,400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,260 | €11,314 | +€3,054 | +37.0% |
| Other operating charges | 640/8 | €906 | €1,517 | +€611 | +67.4% |
| Gross operating margin | 9900 | €13,279 | €18,032 | +€4,753 | +35.8% |
| Operating profit (loss) | 9901 | €4,112 | €5,201 | +€1,089 | +26.5% |
| Financial income | 75/76B | €2,015 | €38 | -€1,977 | -98.1% |
| Recurring financial income | 75 | €2,015 | €38 | -€1,977 | -98.1% |
| Financial charges | 65/66B | €3,258 | €1,566 | -€1,692 | -51.9% |
| Recurring financial charges | 65 | €3,258 | €1,566 | -€1,692 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €2,869 | €3,672 | +€804 | +28.0% |
| Income taxes | 67/77 | €485 | €2,010 | +€1,525 | +314% |
| Profit (loss) for the period | 9904 | €2,384 | €1,662 | -€721 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,384 | €1,662 | -€721 | -30.3% |
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 17 October 2026 via checked.be.