GLENAKI: 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.
GLENAKI
Largest movements
- Cash +€195,917
up €195,917 (+114%), from €171,847 to €367,763
mainly Current investments (+€128,000) and Receivables within one year (+€83,530)
- Current investments -€128,000
down €128,000 (-85.3%), from €150,000 to €22,000
- Receivables within one year -€83,530
down €83,530 (-55.9%), from €149,355 to €65,826
of which Trade receivables: -€63,559
- Deferred charges and accrued income +€16,804
up €16,804 (+2,925%), from €574 to €17,379
- Reserves +€42,724
up €42,724 (+6.4%), from €669,926 to €712,650
of which Distributable reserves: +€42,724
- Short-term financial debts -€31,226
down €31,226 (-74.8%), from €41,722 to €10,496
- Debts after one year -€10,496
down €10,496 (-100%), from €10,496 to €0
- Trade debts +€10,416
up €10,416 (+115%), from €9,073 to €19,490
- Gross operating margin -€65,469
down €65,469 (-41.0%), from €159,752 to €94,283
- Taxes -€24,478
down €24,478 (-60.2%), from €40,678 to €16,200
- Financial income +€6,486
up €6,486 (+4,057%), from €160 to €6,646
- Depreciation +€2,925
up €2,925 (+18.7%), from €15,654 to €18,579
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 | €768,669 | €774,148 | +€5,479 | +0.7% |
| Fixed assets | 21/28 | €296,893 | €301,180 | +€4,288 | +1.4% |
| Tangible fixed assets | 22/27 | €296,893 | €301,180 | +€4,288 | +1.4% |
| Land and buildings | 22 | €296,893 | €283,502 | -€13,390 | -4.5% |
| Plant, machinery and equipment | 23 | - | €17,678 | +€17,678 | |
| Current assets | 29/58 | €471,776 | €472,968 | +€1,191 | +0.3% |
| Amounts receivable within one year | 40/41 | €149,355 | €65,826 | -€83,530 | -55.9% |
| Trade receivables | 40 | €93,971 | €30,412 | -€63,559 | -67.6% |
| Other amounts receivable | 41 | €55,384 | €35,414 | -€19,970 | -36.1% |
| Current investments | 50/53 | €150,000 | €22,000 | -€128,000 | -85.3% |
| Cash at bank and in hand | 54/58 | €171,847 | €367,763 | +€195,917 | +114% |
| Deferred charges and accrued income | 490/1 | €574 | €17,379 | +€16,804 | +2,925% |
| Total equity and liabilities | 10/49 | €768,669 | €774,148 | +€5,479 | +0.7% |
| Equity | 10/15 | €688,526 | €731,250 | +€42,724 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €669,926 | €712,650 | +€42,724 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €669,926 | €712,650 | +€42,724 | +6.4% |
| Amounts payable | 17/49 | €80,143 | €42,898 | -€37,245 | -46.5% |
| Amounts payable after more than one year | 17 | €10,496 | €0 | -€10,496 | -100% |
| Financial debts | 170/4 | €10,496 | €0 | -€10,496 | -100% |
| Amounts payable within one year | 42/48 | €66,631 | €40,687 | -€25,943 | -38.9% |
| Financial debts | 43 | €41,722 | €10,496 | -€31,226 | -74.8% |
| Credit institutions | 430/8 | €41,722 | €10,496 | -€31,226 | -74.8% |
| Trade debts | 44 | €9,073 | €19,490 | +€10,416 | +115% |
| Suppliers | 440/4 | €9,073 | €19,490 | +€10,416 | +115% |
| Taxes, remuneration and social security | 45 | €15,836 | €10,702 | -€5,134 | -32.4% |
| Taxes | 450/3 | €15,836 | €10,702 | -€5,134 | -32.4% |
| Accrued charges and deferred income | 492/3 | €3,016 | €2,211 | -€805 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €18,579 | +€2,925 | +18.7% |
| Other operating charges | 640/8 | €115 | €1,168 | +€1,053 | +915% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €159,752 | €94,283 | -€65,469 | -41.0% |
| Operating profit (loss) | 9901 | €143,982 | €54,536 | -€89,446 | -62.1% |
| Financial income | 75/76B | €160 | €6,646 | +€6,486 | +4,057% |
| Recurring financial income | 75 | €160 | €6,646 | +€6,486 | +4,057% |
| Financial charges | 65/66B | €2,902 | €2,259 | -€643 | -22.2% |
| Recurring financial charges | 65 | €2,902 | €2,259 | -€643 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €141,240 | €58,923 | -€82,317 | -58.3% |
| Income taxes | 67/77 | €40,678 | €16,200 | -€24,478 | -60.2% |
| Profit (loss) for the period | 9904 | €100,562 | €42,724 | -€57,839 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,562 | €42,724 | -€57,839 | -57.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.