Glenda Boone: 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.
Glenda Boone
Largest movements
- Current investments -€61,658
down €61,658 (-99.4%), from €62,033 to €376
- Receivables within one year +€21,994
up €21,994 (+907%), from €2,426 to €24,419
of which Trade receivables: +€16,995
- Cash -€14,707
down €14,707 (-81.5%), from €18,036 to €3,328
mainly Other debts (-€39,950) and Contributions, distributions and other (-€23,333)
- Other debts -€39,950
down €39,950 (-98.6%), from €40,533 to €583
- Reserves -€8,252
down €8,252 (-45.7%), from €18,054 to €9,802
- Tax, wage and social debts -€7,993
down €7,993 (-41.6%), from €19,234 to €11,241
- Gross operating margin -€48,262
down €48,262 (-64.8%), from €74,459 to €26,197
- Taxes -€10,164
down €10,164 (-66.9%), from €15,182 to €5,018
- Financial charges +€1,347
up €1,347 (+554%), from €243 to €1,590
- Financial income -€891
down €891 (-83.2%), from €1,070 to €180
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 | €93,883 | €38,613 | -€55,270 | -58.9% |
| Fixed assets | 21/28 | €11,214 | €10,490 | -€724 | -6.5% |
| Tangible fixed assets | 22/27 | €11,214 | €10,490 | -€724 | -6.5% |
| Land and buildings | 22 | €154 | €49 | -€105 | -68.2% |
| Plant, machinery and equipment | 23 | €1,844 | €1,625 | -€219 | -11.9% |
| Furniture and vehicles | 24 | €9,216 | €8,816 | -€400 | -4.3% |
| Current assets | 29/58 | €82,669 | €28,123 | -€54,546 | -66.0% |
| Amounts receivable within one year | 40/41 | €2,426 | €24,419 | +€21,994 | +907% |
| Trade receivables | 40 | - | €16,995 | +€16,995 | |
| Other amounts receivable | 41 | €2,426 | €7,424 | +€4,999 | +206% |
| Current investments | 50/53 | €62,033 | €376 | -€61,658 | -99.4% |
| Cash at bank and in hand | 54/58 | €18,036 | €3,328 | -€14,707 | -81.5% |
| Deferred charges and accrued income | 490/1 | €174 | €0 | -€174 | -100% |
| Total equity and liabilities | 10/49 | €93,883 | €38,613 | -€55,270 | -58.9% |
| Equity | 10/15 | €33,054 | €24,802 | -€8,252 | -25.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €18,054 | €9,802 | -€8,252 | -45.7% |
| Distributable reserves | 133 | €18,054 | €9,802 | -€8,252 | -45.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,829 | €13,811 | -€47,018 | -77.3% |
| Amounts payable within one year | 42/48 | €60,829 | €13,811 | -€47,018 | -77.3% |
| Trade debts | 44 | €1,062 | €1,987 | +€925 | +87.2% |
| Suppliers | 440/4 | €1,062 | €1,987 | +€925 | +87.2% |
| Taxes, remuneration and social security | 45 | €19,234 | €11,241 | -€7,993 | -41.6% |
| Taxes | 450/3 | €19,234 | €11,241 | -€7,993 | -41.6% |
| Other amounts payable | 47/48 | €40,533 | €583 | -€39,950 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,045 | €3,716 | +€671 | +22.0% |
| Other operating charges | 640/8 | €845 | €971 | +€126 | +15.0% |
| Gross operating margin | 9900 | €74,459 | €26,197 | -€48,262 | -64.8% |
| Operating profit (loss) | 9901 | €70,570 | €21,510 | -€49,060 | -69.5% |
| Financial income | 75/76B | €1,070 | €180 | -€891 | -83.2% |
| Recurring financial income | 75 | €1,070 | €180 | -€891 | -83.2% |
| Financial charges | 65/66B | €243 | €1,590 | +€1,347 | +554% |
| Recurring financial charges | 65 | €243 | €1,590 | +€1,347 | +554% |
| Profit (loss) for the period before taxes | 9903 | €71,397 | €20,099 | -€51,297 | -71.8% |
| Income taxes | 67/77 | €15,182 | €5,018 | -€10,164 | -66.9% |
| Profit (loss) for the period | 9904 | €56,214 | €15,081 | -€41,133 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,214 | €15,081 | -€41,133 | -73.2% |
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 30 October 2026 via checked.be.