SO GLAM: what changed
Two fiscal 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.
SO GLAM
Largest movements
- Cash +€12,992
up €12,992 (+73.6%), from €17,660 to €30,653
mainly Net result for the year (+€32,170) and Other debts (+€9,529)
- Receivables within one year +€10,340
up €10,340 (+19.4%), from €53,177 to €63,517
of which Other amounts receivable: +€7,728
- Receivables after one year -€2,516
down €2,516 (-19.4%), from €12,950 to €10,434
- Reserves +€11,465
new in 2025: €11,465
- Other debts +€9,529
up €9,529 (+68.1%), from €14,000 to €23,529
- Debts after one year -€7,559
down €7,559 (-27.1%), from €27,931 to €20,373
- Trade debts +€5,363
up €5,363 (+479.0%), from €1,120 to €6,483
- Tax, wage and social debts +€3,911
up €3,911 (+29.9%), from €13,088 to €16,999
- Taxes +€3,826
up €3,826 (+55.0%), from €6,957 to €10,783
- Financial income +€2,392
up €2,392 (+160526.8%), from €1 to €2,393
- Gross operating margin +€1,661
up €1,661 (+3.8%), from €43,238 to €44,898
- Other operating charges -€843
down €843 (-54.7%), from €1,542 to €699
- Financial charges -€622
down €622 (-15.5%), from €4,009 to €3,388
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.
Cash bridge derived
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 | €84,501 | €105,248 | +€20,747 | +24.6% |
| Fixed assets | 21/28 | €714 | €462 | -€252 | -35.3% |
| Tangible fixed assets | 22/27 | €714 | €462 | -€252 | -35.3% |
| Furniture and vehicles | 24 | €714 | €462 | -€252 | -35.3% |
| Current assets | 29/58 | €83,787 | €104,786 | +€20,999 | +25.1% |
| Amounts receivable after more than one year | 29 | €12,950 | €10,434 | -€2,516 | -19.4% |
| Other amounts receivable | 291 | €12,950 | €10,434 | -€2,516 | -19.4% |
| Amounts receivable within one year | 40/41 | €53,177 | €63,517 | +€10,340 | +19.4% |
| Trade receivables | 40 | €16,479 | €19,091 | +€2,612 | +15.9% |
| Other amounts receivable | 41 | €36,698 | €44,426 | +€7,728 | +21.1% |
| Cash at bank and in hand | 54/58 | €17,660 | €30,653 | +€12,992 | +73.6% |
| Deferred charges and accrued income | 490/1 | - | €182 | +€182 | |
| Total equity and liabilities | 10/49 | €84,501 | €105,248 | +€20,747 | +24.6% |
| Equity | 10/15 | €21,424 | €30,065 | +€8,641 | +40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €11,465 | +€11,465 | |
| Distributable reserves | 133 | - | €11,465 | +€11,465 | |
| Profit (loss) carried forward | 14 | €2,824 | €0 | -€2,824 | -100.0% |
| Amounts payable | 17/49 | €63,077 | €75,182 | +€12,106 | +19.2% |
| Amounts payable after more than one year | 17 | €27,931 | €20,373 | -€7,559 | -27.1% |
| Financial debts | 170/4 | €27,931 | €20,373 | -€7,559 | -27.1% |
| Amounts payable within one year | 42/48 | €35,145 | €54,569 | +€19,424 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €6,938 | €7,559 | +€621 | +8.9% |
| Trade debts | 44 | €1,120 | €6,483 | +€5,363 | +479.0% |
| Suppliers | 440/4 | €1,120 | €6,483 | +€5,363 | +479.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,088 | €16,999 | +€3,911 | +29.9% |
| Taxes | 450/3 | €13,088 | €16,999 | +€3,911 | +29.9% |
| Other amounts payable | 47/48 | €14,000 | €23,529 | +€9,529 | +68.1% |
| Accrued charges and deferred income | 492/3 | €0 | €240 | +€240 | |
| Non-recurring operating income | 76A | €800 | €0 | -€800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €252 | +€210 | +490.3% |
| Other operating charges | 640/8 | €1,542 | €699 | -€843 | -54.7% |
| Gross operating margin | 9900 | €43,238 | €44,898 | +€1,661 | +3.8% |
| Operating profit (loss) | 9901 | €41,653 | €43,947 | +€2,294 | +5.5% |
| Financial income | 75/76B | €1 | €2,393 | +€2,392 | +160526.8% |
| Recurring financial income | 75 | €1 | €2,393 | +€2,392 | +160526.8% |
| Financial charges | 65/66B | €4,009 | €3,388 | -€622 | -15.5% |
| Recurring financial charges | 65 | €4,009 | €3,388 | -€622 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €37,645 | €42,953 | +€5,308 | +14.1% |
| Income taxes | 67/77 | €6,957 | €10,783 | +€3,826 | +55.0% |
| Profit (loss) for the period | 9904 | €30,688 | €32,170 | +€1,482 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,688 | €32,170 | +€1,482 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.