Glenn Hansen: 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.
Glenn Hansen
Largest movements
- Cash -€114,333
down €114,333 (-66.3%), from €172,487 to €58,154
mainly Contributions, distributions and other (-€247,564) and Deferred charges and accrued income (-€20,446)
- Receivables within one year -€23,555
no longer reported in 2025 (was €23,555)
of which Other amounts receivable: -€19,235
- Deferred charges and accrued income +€20,446
up €20,446 (+1,104%), from €1,852 to €22,297
- Receivables after one year +€3,638
new in 2025: €3,638
- Tangible fixed assets +€3,114
up €3,114 (+75.9%), from €4,100 to €7,214
of which Land and buildings: +€3,286
- Reserves -€181,120
no longer reported in 2025 (was €181,120)
- Other debts +€66,445
new in 2025: €66,445
- Tax, wage and social debts +€3,984
up €3,984 (+67.8%), from €5,875 to €9,859
No income-statement line moved by more than 1% of the activity.
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 | €201,994 | €91,304 | -€110,691 | -54.8% |
| Fixed assets | 21/28 | €4,100 | €7,214 | +€3,114 | +75.9% |
| Tangible fixed assets | 22/27 | €4,100 | €7,214 | +€3,114 | +75.9% |
| Land and buildings | 22 | €2,653 | €5,939 | +€3,286 | +124% |
| Plant, machinery and equipment | 23 | €1,447 | €1,275 | -€172 | -11.9% |
| Current assets | 29/58 | €197,894 | €84,089 | -€113,805 | -57.5% |
| Amounts receivable after more than one year | 29 | - | €3,638 | +€3,638 | |
| Other amounts receivable | 291 | - | €3,638 | +€3,638 | |
| Amounts receivable within one year | 40/41 | €23,555 | - | -€23,555 | |
| Trade receivables | 40 | €4,320 | - | -€4,320 | |
| Other amounts receivable | 41 | €19,235 | - | -€19,235 | |
| Cash at bank and in hand | 54/58 | €172,487 | €58,154 | -€114,333 | -66.3% |
| Deferred charges and accrued income | 490/1 | €1,852 | €22,297 | +€20,446 | +1,104% |
| Total equity and liabilities | 10/49 | €201,994 | €91,304 | -€110,691 | -54.8% |
| Equity | 10/15 | €196,120 | €15,000 | -€181,120 | -92.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €181,120 | - | -€181,120 | |
| Distributable reserves | 133 | €181,120 | - | -€181,120 | |
| Amounts payable | 17/49 | €5,875 | €76,304 | +€70,429 | +1,199% |
| Amounts payable within one year | 42/48 | €5,875 | €76,304 | +€70,429 | +1,199% |
| Taxes, remuneration and social security | 45 | €5,875 | €9,859 | +€3,984 | +67.8% |
| Taxes | 450/3 | €5,875 | €9,859 | +€3,984 | +67.8% |
| Other amounts payable | 47/48 | - | €66,445 | +€66,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €1,206 | +€694 | +135% |
| Other operating charges | 640/8 | €448 | €453 | +€5 | +1.1% |
| Gross operating margin | 9900 | €85,577 | €84,742 | -€836 | -1.0% |
| Operating profit (loss) | 9901 | €84,617 | €83,083 | -€1,534 | -1.8% |
| Financial income | 75/76B | €1,976 | €1,523 | -€453 | -22.9% |
| Recurring financial income | 75 | €1,976 | €1,523 | -€453 | -22.9% |
| Financial charges | 65/66B | €130 | €143 | +€13 | +9.9% |
| Recurring financial charges | 65 | €130 | €143 | +€13 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €86,463 | €84,463 | -€2,000 | -2.3% |
| Income taxes | 67/77 | €17,915 | €18,018 | +€103 | +0.6% |
| Profit (loss) for the period | 9904 | €68,548 | €66,445 | -€2,103 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,548 | €66,445 | -€2,103 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.