TENDANCE GLACEE: 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.
TENDANCE GLACEE
Largest movements
- Receivables within one year +€57,708
up €57,708 (+127%), from €45,515 to €103,223
of which Trade receivables: +€57,708
- Cash -€49,309
down €49,309 (-45.0%), from €109,650 to €60,341
mainly Receivables within one year (-€57,708) and Investment in fixed assets (net) (-€38,637)
- Tangible fixed assets -€44,936
down €44,936 (-10.7%), from €418,227 to €373,291
of which Land and buildings: -€31,242
- Intangible fixed assets +€16,814
new in 2025: €16,814
- Stocks and contracts +€11,308
up €11,308 (+39.0%), from €29,000 to €40,308
- Trade debts +€36,577
up €36,577 (+53.0%), from €68,985 to €105,561
- Debts after one year -€18,287
down €18,287 (-3.8%), from €484,381 to €466,094
- Profit (loss) carried forward -€16,361
down €16,361 (-21.8%), from -€74,997 to -€91,358
- Gross operating margin -€24,529
down €24,529 (-9.0%), from €272,428 to €247,899
- Depreciation -€4,964
down €4,964 (-7.2%), from €68,724 to €63,760
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 | €614,843 | €615,186 | +€343 | +0.1% |
| Fixed assets | 21/28 | €429,577 | €404,454 | -€25,123 | -5.8% |
| Intangible fixed assets | 21 | - | €16,814 | +€16,814 | |
| Tangible fixed assets | 22/27 | €418,227 | €373,291 | -€44,936 | -10.7% |
| Land and buildings | 22 | €355,889 | €324,648 | -€31,242 | -8.8% |
| Plant, machinery and equipment | 23 | €60,441 | €36,765 | -€23,676 | -39.2% |
| Furniture and vehicles | 24 | €1,897 | €1,362 | -€535 | -28.2% |
| Other tangible fixed assets | 26 | - | €10,516 | +€10,516 | |
| Financial fixed assets | 28 | €11,350 | €14,350 | +€3,000 | +26.4% |
| Current assets | 29/58 | €185,266 | €210,732 | +€25,466 | +13.7% |
| Stocks and contracts in progress | 3 | €29,000 | €40,308 | +€11,308 | +39.0% |
| Stocks | 30/36 | €29,000 | €40,308 | +€11,308 | +39.0% |
| Amounts receivable within one year | 40/41 | €45,515 | €103,223 | +€57,708 | +127% |
| Trade receivables | 40 | €44,740 | €102,448 | +€57,708 | +129% |
| Other amounts receivable | 41 | €775 | €775 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,650 | €60,341 | -€49,309 | -45.0% |
| Deferred charges and accrued income | 490/1 | €1,101 | €6,860 | +€5,759 | +523% |
| Total equity and liabilities | 10/49 | €614,843 | €615,186 | +€343 | +0.1% |
| Equity | 10/15 | -€26,783 | -€44,216 | -€17,433 | -65.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,997 | -€91,358 | -€16,361 | -21.8% |
| Investment grants | 15 | €3,214 | €2,143 | -€1,071 | -33.3% |
| Amounts payable | 17/49 | €641,626 | €659,402 | +€17,776 | +2.8% |
| Amounts payable after more than one year | 17 | €484,381 | €466,094 | -€18,287 | -3.8% |
| Financial debts | 170/4 | €484,381 | €466,094 | -€18,287 | -3.8% |
| Amounts payable within one year | 42/48 | €157,245 | €193,308 | +€36,063 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €43,367 | €43,173 | -€194 | -0.4% |
| Trade debts | 44 | €68,985 | €105,561 | +€36,577 | +53.0% |
| Suppliers | 440/4 | €68,985 | €105,561 | +€36,577 | +53.0% |
| Taxes, remuneration and social security | 45 | €22,709 | €21,010 | -€1,698 | -7.5% |
| Taxes | 450/3 | €6,330 | €3,216 | -€3,115 | -49.2% |
| Remuneration and social security | 454/9 | €16,378 | €17,795 | +€1,416 | +8.6% |
| Other amounts payable | 47/48 | €22,185 | €23,563 | +€1,379 | +6.2% |
| Non-recurring operating income | 76A | - | €4,327 | +€4,327 | |
| Remuneration, social security and pensions | 62 | €179,832 | €180,791 | +€959 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,724 | €63,760 | -€4,964 | -7.2% |
| Other operating charges | 640/8 | €4,599 | €4,533 | -€66 | -1.4% |
| Gross operating margin | 9900 | €272,428 | €247,899 | -€24,529 | -9.0% |
| Operating profit (loss) | 9901 | €19,274 | -€1,184 | -€20,458 | |
| Financial income | 75/76B | €1,251 | €1,893 | +€643 | +51.4% |
| Recurring financial income | 75 | €1,251 | €1,893 | +€643 | +51.4% |
| Financial charges | 65/66B | €15,680 | €16,750 | +€1,069 | +6.8% |
| Recurring financial charges | 65 | €15,680 | €16,750 | +€1,069 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €4,844 | -€16,041 | -€20,885 | |
| Income taxes | 67/77 | €284 | €321 | +€36 | +12.7% |
| Profit (loss) for the period | 9904 | €4,560 | -€16,361 | -€20,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,560 | -€16,361 | -€20,921 |
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 16 October 2026 via checked.be.