Gladvice: 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.
Gladvice
Largest movements
- Financial fixed assets -€100,440
down €100,440 (-63.6%), from €158,000 to €57,560
- Receivables within one year -€12,456
down €12,456 (-33.8%), from €36,887 to €24,431
of which Trade receivables: -€13,939
- Receivables after one year +€11,459
up €11,459 (+70.6%), from €16,225 to €27,684
- Cash -€9,671
down €9,671 (-43.3%), from €22,345 to €12,674
mainly Net result for the year (-€79,457) and Debts after one year (-€31,520)
- Profit (loss) carried forward -€79,457
down €79,457 (-311%), from -€25,559 to -€105,015
- Debts after one year -€31,520
down €31,520 (-37.4%), from €84,352 to €52,832
- Tax, wage and social debts -€11,501
down €11,501 (-64.4%), from €17,854 to €6,353
of which Taxes: -€7,751
- Trade debts +€8,359
new in 2025: €8,359
- Gross operating margin -€54,499
down €54,499 (-360%), from -€15,132 to -€69,631
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 | €258,153 | €145,392 | -€112,761 | -43.7% |
| Fixed assets | 21/28 | €162,166 | €60,216 | -€101,950 | -62.9% |
| Tangible fixed assets | 22/27 | €4,166 | €2,656 | -€1,510 | -36.3% |
| Plant, machinery and equipment | 23 | €1,418 | €876 | -€542 | -38.2% |
| Furniture and vehicles | 24 | €2,748 | €1,780 | -€968 | -35.2% |
| Financial fixed assets | 28 | €158,000 | €57,560 | -€100,440 | -63.6% |
| Current assets | 29/58 | €95,987 | €85,176 | -€10,811 | -11.3% |
| Amounts receivable after more than one year | 29 | €16,225 | €27,684 | +€11,459 | +70.6% |
| Other amounts receivable | 291 | €16,225 | €27,684 | +€11,459 | +70.6% |
| Amounts receivable within one year | 40/41 | €36,887 | €24,431 | -€12,456 | -33.8% |
| Trade receivables | 40 | €33,541 | €19,602 | -€13,939 | -41.6% |
| Other amounts receivable | 41 | €3,346 | €4,829 | +€1,483 | +44.3% |
| Cash at bank and in hand | 54/58 | €22,345 | €12,674 | -€9,671 | -43.3% |
| Deferred charges and accrued income | 490/1 | €20,530 | €20,388 | -€142 | -0.7% |
| Total equity and liabilities | 10/49 | €258,153 | €145,392 | -€112,761 | -43.7% |
| Equity | 10/15 | €125,785 | €46,329 | -€79,457 | -63.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €150,344 | €150,344 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €150,244 | €150,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,559 | -€105,015 | -€79,457 | -311% |
| Amounts payable | 17/49 | €132,368 | €99,063 | -€33,304 | -25.2% |
| Amounts payable after more than one year | 17 | €84,352 | €52,832 | -€31,520 | -37.4% |
| Financial debts | 170/4 | €84,352 | €52,832 | -€31,520 | -37.4% |
| Amounts payable within one year | 42/48 | €48,016 | €46,232 | -€1,784 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €30,162 | €31,520 | +€1,358 | +4.5% |
| Trade debts | 44 | - | €8,359 | +€8,359 | |
| Suppliers | 440/4 | - | €8,359 | +€8,359 | |
| Taxes, remuneration and social security | 45 | €17,854 | €6,353 | -€11,501 | -64.4% |
| Taxes | 450/3 | €14,104 | €6,353 | -€7,751 | -55.0% |
| Remuneration and social security | 454/9 | €3,750 | - | -€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €2,259 | -€377 | -14.3% |
| Other operating charges | 640/8 | €1,566 | €2,093 | +€526 | +33.6% |
| Gross operating margin | 9900 | -€15,132 | -€69,631 | -€54,499 | -360% |
| Operating profit (loss) | 9901 | -€19,334 | -€73,983 | -€54,649 | -283% |
| Financial income | 75/76B | - | €439 | +€439 | |
| Recurring financial income | 75 | - | €439 | +€439 | |
| Financial charges | 65/66B | €5,958 | €5,694 | -€263 | -4.4% |
| Recurring financial charges | 65 | €5,958 | €5,694 | -€263 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,292 | -€79,238 | -€53,946 | -213% |
| Income taxes | 67/77 | €267 | €218 | -€48 | -18.1% |
| Profit (loss) for the period | 9904 | -€25,559 | -€79,457 | -€53,898 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,559 | -€79,457 | -€53,898 | -211% |
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 27 October 2026 via checked.be.