GLEM GREEN: 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.
GLEM GREEN
Largest movements
- Tangible fixed assets -€6,107
down €6,107 (-46.3%), from €13,193 to €7,087
of which Furniture and vehicles: -€4,596
- Cash -€5,525
down €5,525 (-79.2%), from €6,980 to €1,454
mainly Tax, wage and social debts (-€4,273) and Other debts (-€4,201)
- Receivables within one year +€2,742
up €2,742 (+78.6%), from €3,490 to €6,232
of which Trade receivables: +€2,690
- Deferred charges and accrued income -€307
down €307 (-81.2%), from €378 to €71
- Tax, wage and social debts -€4,273
down €4,273 (-96.0%), from €4,453 to €180
of which Remuneration and social security: -€4,000
- Other debts -€4,201
down €4,201 (-35.8%), from €11,740 to €7,539
- Trade debts -€499
down €499 (-67.5%), from €739 to €240
- Depreciation -€1,063
down €1,063 (-12.7%), from €8,370 to €7,306
- Staff costs +€544
up €544 (+563%), from €97 to €641
- Gross operating margin -€432
down €432 (-4.9%), from €8,786 to €8,355
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 | €24,040 | €14,844 | -€9,196 | -38.3% |
| Fixed assets | 21/28 | €13,193 | €7,087 | -€6,107 | -46.3% |
| Tangible fixed assets | 22/27 | €13,193 | €7,087 | -€6,107 | -46.3% |
| Plant, machinery and equipment | 23 | €5,900 | €4,390 | -€1,510 | -25.6% |
| Furniture and vehicles | 24 | €7,293 | €2,697 | -€4,596 | -63.0% |
| Current assets | 29/58 | €10,847 | €7,758 | -€3,090 | -28.5% |
| Amounts receivable within one year | 40/41 | €3,490 | €6,232 | +€2,742 | +78.6% |
| Trade receivables | 40 | €3,140 | €5,830 | +€2,690 | +85.7% |
| Other amounts receivable | 41 | €350 | €402 | +€52 | +14.9% |
| Cash at bank and in hand | 54/58 | €6,980 | €1,454 | -€5,525 | -79.2% |
| Deferred charges and accrued income | 490/1 | €378 | €71 | -€307 | -81.2% |
| Total equity and liabilities | 10/49 | €24,040 | €14,844 | -€9,196 | -38.3% |
| Equity | 10/15 | €7,108 | €6,885 | -€223 | -3.1% |
| Contributions | 10/11 | €80,200 | €80,200 | = | 0.0% |
| Reserves | 13 | €9,260 | €9,260 | = | 0.0% |
| Distributable reserves | 133 | €9,260 | €9,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,352 | -€82,575 | -€223 | -0.3% |
| Amounts payable | 17/49 | €16,933 | €7,959 | -€8,974 | -53.0% |
| Amounts payable within one year | 42/48 | €16,933 | €7,959 | -€8,974 | -53.0% |
| Trade debts | 44 | €739 | €240 | -€499 | -67.5% |
| Suppliers | 440/4 | €739 | €240 | -€499 | -67.5% |
| Taxes, remuneration and social security | 45 | €4,453 | €180 | -€4,273 | -96.0% |
| Taxes | 450/3 | €453 | €180 | -€273 | -60.3% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €11,740 | €7,539 | -€4,201 | -35.8% |
| Remuneration, social security and pensions | 62 | €97 | €641 | +€544 | +563% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,370 | €7,306 | -€1,063 | -12.7% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Non-recurring operating charges | 66A | - | €49 | +€49 | |
| Gross operating margin | 9900 | €8,786 | €8,355 | -€432 | -4.9% |
| Operating profit (loss) | 9901 | -€195 | -€169 | +€26 | +13.4% |
| Financial charges | 65/66B | €47 | €54 | +€7 | +15.6% |
| Recurring financial charges | 65 | €47 | €54 | +€7 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€242 | -€223 | +€19 | +7.8% |
| Profit (loss) for the period | 9904 | -€242 | -€223 | +€19 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | -€223 | +€19 | +7.8% |
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 24 October 2026 via checked.be.