Glenart: 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.
Glenart
Largest movements
- Receivables after one year +€64,040
up €64,040 (+408%), from €15,710 to €79,749
- Cash -€1,711
down €1,711 (-2.9%), from €59,724 to €58,013
mainly Receivables after one year (-€64,040) and Receivables within one year (-€639)
- Profit (loss) carried forward +€62,039
up €62,039 (+125%), from €49,736 to €111,775
- Gross operating margin +€10,473
up €10,473 (+16.5%), from €63,636 to €74,109
- Financial income +€3,330
up €3,330 (+469%), from €710 to €4,040
- Taxes +€2,335
up €2,335 (+17.0%), from €13,718 to €16,054
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 | €83,772 | €147,225 | +€63,452 | +75.7% |
| Current assets | 29/58 | €83,772 | €147,225 | +€63,452 | +75.7% |
| Amounts receivable after more than one year | 29 | €15,710 | €79,749 | +€64,040 | +408% |
| Other amounts receivable | 291 | €15,710 | €79,749 | +€64,040 | +408% |
| Amounts receivable within one year | 40/41 | €8,339 | €8,978 | +€639 | +7.7% |
| Trade receivables | 40 | €557 | - | -€557 | |
| Other amounts receivable | 41 | €7,782 | €8,978 | +€1,197 | +15.4% |
| Cash at bank and in hand | 54/58 | €59,724 | €58,013 | -€1,711 | -2.9% |
| Deferred charges and accrued income | 490/1 | - | €485 | +€485 | |
| Total equity and liabilities | 10/49 | €83,772 | €147,225 | +€63,452 | +75.7% |
| Equity | 10/15 | €70,742 | €132,781 | +€62,039 | +87.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,006 | €19,006 | = | 0.0% |
| Distributable reserves | 133 | €19,006 | €19,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,736 | €111,775 | +€62,039 | +125% |
| Amounts payable | 17/49 | €13,031 | €14,444 | +€1,413 | +10.8% |
| Amounts payable within one year | 42/48 | €13,031 | €14,444 | +€1,413 | +10.8% |
| Trade debts | 44 | €1,443 | €869 | -€574 | -39.8% |
| Suppliers | 440/4 | €1,443 | €869 | -€574 | -39.8% |
| Taxes, remuneration and social security | 45 | €6,821 | €7,361 | +€540 | +7.9% |
| Taxes | 450/3 | €6,821 | €7,361 | +€540 | +7.9% |
| Other amounts payable | 47/48 | €4,767 | €6,214 | +€1,447 | +30.4% |
| Gross operating margin | 9900 | €63,636 | €74,109 | +€10,473 | +16.5% |
| Operating profit (loss) | 9901 | €63,636 | €74,109 | +€10,473 | +16.5% |
| Financial income | 75/76B | €710 | €4,040 | +€3,330 | +469% |
| Recurring financial income | 75 | €710 | €4,040 | +€3,330 | +469% |
| Financial charges | 65/66B | €59 | €56 | -€3 | -4.5% |
| Recurring financial charges | 65 | €59 | €56 | -€3 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €64,287 | €78,093 | +€13,806 | +21.5% |
| Income taxes | 67/77 | €13,718 | €16,054 | +€2,335 | +17.0% |
| Profit (loss) for the period | 9904 | €50,569 | €62,039 | +€11,470 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,569 | €62,039 | +€11,470 | +22.7% |
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 14 October 2026 via checked.be.