VAN GLABBEEK & CO: 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.
VAN GLABBEEK & CO
Largest movements
- Cash -€20,325
down €20,325 (-23.6%), from €86,009 to €65,684
mainly Net result for the year (-€14,992) and Trade debts (-€6,475)
- Tangible fixed assets -€1,859
down €1,859 (-6.6%), from €28,210 to €26,350
of which Land and buildings: -€1,532
- Profit (loss) carried forward -€14,992
down €14,992 (-7.0%), from -€214,046 to -€229,038
- Trade debts -€6,475
down €6,475 (-51.2%), from €12,642 to €6,167
- Gross operating margin -€42,155
down €42,155 (-59.9%), from €70,408 to €28,253
- Staff costs +€2,832
up €2,832 (+8.1%), from €35,132 to €37,964
- Other operating charges -€1,760
down €1,760 (-34.6%), from €5,080 to €3,320
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 | €125,660 | €103,387 | -€22,273 | -17.7% |
| Fixed assets | 21/28 | €28,210 | €26,350 | -€1,859 | -6.6% |
| Tangible fixed assets | 22/27 | €28,210 | €26,350 | -€1,859 | -6.6% |
| Land and buildings | 22 | €2,554 | €1,022 | -€1,532 | -60.0% |
| Furniture and vehicles | 24 | €25,655 | €25,328 | -€328 | -1.3% |
| Current assets | 29/58 | €97,451 | €77,037 | -€20,414 | -20.9% |
| Amounts receivable within one year | 40/41 | €227 | €138 | -€89 | -39.2% |
| Other amounts receivable | 41 | €227 | €138 | -€89 | -39.2% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,009 | €65,684 | -€20,325 | -23.6% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,215 | = | 0.0% |
| Total equity and liabilities | 10/49 | €125,660 | €103,387 | -€22,273 | -17.7% |
| Equity | 10/15 | €89,254 | €74,262 | -€14,992 | -16.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €53,300 | €53,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,718 | - | -€30,718 | |
| Reserves not available under the articles | 1311 | €30,718 | - | -€30,718 | |
| Tax-exempt reserves | 132 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €22,086 | €52,804 | +€30,718 | +139% |
| Profit (loss) carried forward | 14 | -€214,046 | -€229,038 | -€14,992 | -7.0% |
| Amounts payable | 17/49 | €36,407 | €29,126 | -€7,281 | -20.0% |
| Amounts payable within one year | 42/48 | €36,407 | €29,126 | -€7,281 | -20.0% |
| Trade debts | 44 | €12,642 | €6,167 | -€6,475 | -51.2% |
| Suppliers | 440/4 | €12,642 | €6,167 | -€6,475 | -51.2% |
| Taxes, remuneration and social security | 45 | €23,765 | €22,958 | -€807 | -3.4% |
| Taxes | 450/3 | €903 | €730 | -€173 | -19.2% |
| Remuneration and social security | 454/9 | €22,862 | €22,229 | -€633 | -2.8% |
| Remuneration, social security and pensions | 62 | €35,132 | €37,964 | +€2,832 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,859 | €1,859 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,080 | €3,320 | -€1,760 | -34.6% |
| Gross operating margin | 9900 | €70,408 | €28,253 | -€42,155 | -59.9% |
| Operating profit (loss) | 9901 | €28,337 | -€14,890 | -€43,227 | |
| Financial income | 75/76B | €608 | €399 | -€209 | -34.4% |
| Recurring financial income | 75 | €608 | €399 | -€209 | -34.4% |
| Financial charges | 65/66B | €1,021 | €327 | -€694 | -68.0% |
| Recurring financial charges | 65 | €1,021 | €327 | -€694 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €27,923 | -€14,819 | -€42,742 | |
| Income taxes | 67/77 | -€165 | €173 | +€338 | |
| Profit (loss) for the period | 9904 | €28,088 | -€14,992 | -€43,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,088 | -€14,992 | -€43,080 |
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.