Glandis: 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.
Glandis
Largest movements
- Tangible fixed assets -€3,708
down €3,708 (-2.2%), from €169,332 to €165,623
of which Land and buildings: -€4,877
- Cash +€3,494
up €3,494 (+8.1%), from €42,976 to €46,471
mainly Other debts (+€6,113) and Depreciation (+€4,940)
- Reserves -€6,969
down €6,969 (-2.8%), from €252,847 to €245,878
of which Distributable reserves: -€6,969
- Other debts +€6,113
new in 2025: €6,113
- Financial income -€3,783
down €3,783 (-93.3%), from €4,055 to €272
of which Non-recurring financial income: -€3,750
- Depreciation -€3,595
down €3,595 (-42.1%), from €8,535 to €4,940
- Other operating charges -€2,425
down €2,425 (-66.1%), from €3,671 to €1,246
- Gross operating margin -€750
down €750, from €132 to -€617
- Taxes -€205
down €205 (-100%), from €205 to €0
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 | €263,108 | €262,095 | -€1,013 | -0.4% |
| Fixed assets | 21/28 | €169,964 | €166,255 | -€3,708 | -2.2% |
| Tangible fixed assets | 22/27 | €169,332 | €165,623 | -€3,708 | -2.2% |
| Land and buildings | 22 | €169,332 | €164,454 | -€4,877 | -2.9% |
| Furniture and vehicles | 24 | - | €1,169 | +€1,169 | |
| Financial fixed assets | 28 | €632 | €632 | = | 0.0% |
| Current assets | 29/58 | €93,144 | €95,839 | +€2,696 | +2.9% |
| Amounts receivable after more than one year | 29 | €48,828 | €48,828 | = | 0.0% |
| Other amounts receivable | 291 | €48,828 | €48,828 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,186 | €541 | -€646 | -54.4% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €686 | €41 | -€646 | -94.1% |
| Cash at bank and in hand | 54/58 | €42,976 | €46,471 | +€3,494 | +8.1% |
| Deferred charges and accrued income | 490/1 | €153 | €0 | -€153 | -100% |
| Total equity and liabilities | 10/49 | €263,108 | €262,095 | -€1,013 | -0.4% |
| Equity | 10/15 | €260,906 | €253,937 | -€6,969 | -2.7% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Reserves | 13 | €252,847 | €245,878 | -€6,969 | -2.8% |
| Tax-exempt reserves | 132 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €249,047 | €242,078 | -€6,969 | -2.8% |
| Amounts payable | 17/49 | €2,202 | €8,158 | +€5,957 | +271% |
| Amounts payable after more than one year | 17 | €1,550 | €1,550 | = | 0.0% |
| Other amounts payable | 178/9 | €1,550 | €1,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €652 | €6,416 | +€5,764 | +885% |
| Trade debts | 44 | €121 | €303 | +€182 | +151% |
| Suppliers | 440/4 | €121 | €303 | +€182 | +151% |
| Taxes, remuneration and social security | 45 | €531 | €0 | -€531 | -100% |
| Taxes | 450/3 | €531 | €0 | -€531 | -100% |
| Other amounts payable | 47/48 | - | €6,113 | +€6,113 | |
| Accrued charges and deferred income | 492/3 | - | €192 | +€192 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,535 | €4,940 | -€3,595 | -42.1% |
| Other operating charges | 640/8 | €3,671 | €1,246 | -€2,425 | -66.1% |
| Non-recurring operating charges | 66A | €184 | - | -€184 | |
| Gross operating margin | 9900 | €132 | -€617 | -€750 | |
| Operating profit (loss) | 9901 | -€12,258 | -€6,803 | +€5,454 | +44.5% |
| Financial income | 75/76B | €4,055 | €272 | -€3,783 | -93.3% |
| Recurring financial income | 75 | €305 | €272 | -€33 | -10.7% |
| Non-recurring financial income | 76B | €3,750 | - | -€3,750 | |
| Financial charges | 65/66B | €253 | €438 | +€185 | +73.0% |
| Recurring financial charges | 65 | €253 | €438 | +€185 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,456 | -€6,969 | +€1,487 | +17.6% |
| Income taxes | 67/77 | €205 | €0 | -€205 | -100% |
| Profit (loss) for the period | 9904 | -€8,661 | -€6,969 | +€1,692 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,661 | -€6,969 | +€1,692 | +19.5% |
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 20 October 2026 via checked.be.