GLEEVE: 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.
GLEEVE
Largest movements
- Tangible fixed assets +€7,068
up €7,068 (+2.1%), from €335,450 to €342,518
of which Plant, machinery and equipment: +€7,068
- Cash -€6,835
down €6,835 (-18.6%), from €36,811 to €29,976
mainly Investment in fixed assets (net) (-€15,115) and Deferred charges and accrued income (-€753)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,523
down €1,523 (-10.7%), from €14,200 to €12,678
- Depreciation +€837
up €837 (+11.6%), from €7,210 to €8,047
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 | €376,278 | €377,263 | +€986 | +0.3% |
| Fixed assets | 21/28 | €335,450 | €342,518 | +€7,068 | +2.1% |
| Tangible fixed assets | 22/27 | €335,450 | €342,518 | +€7,068 | +2.1% |
| Land and buildings | 22 | €247,894 | €247,894 | = | 0.0% |
| Plant, machinery and equipment | 23 | €81,981 | €89,049 | +€7,068 | +8.6% |
| Furniture and vehicles | 24 | €5,575 | €5,575 | = | 0.0% |
| Current assets | 29/58 | €40,828 | €34,746 | -€6,082 | -14.9% |
| Cash at bank and in hand | 54/58 | €36,811 | €29,976 | -€6,835 | -18.6% |
| Deferred charges and accrued income | 490/1 | €4,016 | €4,770 | +€753 | +18.8% |
| Total equity and liabilities | 10/49 | €376,278 | €377,263 | +€986 | +0.3% |
| Equity | 10/15 | €277,828 | €279,168 | +€1,340 | +0.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,088 | -€130,748 | +€1,340 | +1.0% |
| Amounts payable | 17/49 | €98,449 | €98,096 | -€354 | -0.4% |
| Amounts payable within one year | 42/48 | €98,449 | €98,096 | -€354 | -0.4% |
| Trade debts | 44 | - | €52 | +€52 | |
| Suppliers | 440/4 | - | €52 | +€52 | |
| Other amounts payable | 47/48 | €98,449 | €98,044 | -€406 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,210 | €8,047 | +€837 | +11.6% |
| Other operating charges | 640/8 | €3,167 | €3,261 | +€94 | +3.0% |
| Gross operating margin | 9900 | €14,200 | €12,678 | -€1,523 | -10.7% |
| Operating profit (loss) | 9901 | €3,823 | €1,370 | -€2,453 | -64.2% |
| Financial charges | 65/66B | €37 | €30 | -€7 | -18.4% |
| Recurring financial charges | 65 | €37 | €30 | -€7 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €3,786 | €1,340 | -€2,447 | -64.6% |
| Profit (loss) for the period | 9904 | €3,786 | €1,340 | -€2,447 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,786 | €1,340 | -€2,447 | -64.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.