GLENN NEVE: what changed
GLENN NEVE
Largest movements
- Receivables within one year +€5,460
up €5,460 (+187%), from €2,917 to €8,377
of which Trade receivables: +€6,543
- Tangible fixed assets +€3,876
new in 2025: €3,876
- Cash -€3,442
down €3,442 (-37.5%), from €9,188 to €5,745
mainly Investment in fixed assets (net) (-€5,674) and Receivables within one year (-€5,460)
- Deferred charges and accrued income +€1,854
up €1,854 (+150%), from €1,239 to €3,093
- Trade debts +€2,459
up €2,459 (+161%), from €1,523 to €3,982
- Debts after one year +€2,136
new in 2025: €2,136
- Current portion of long-term debt +€1,883
new in 2025: €1,883
- Profit (loss) carried forward +€964
up €964 (+10.4%), from -€9,257 to -€8,293
- Other debts +€353
up €353 (+22.7%), from €1,554 to €1,907
- Gross operating margin -€3,256
down €3,256 (-39.8%), from €8,185 to €4,929
- Depreciation +€1,798
up €1,798, from €0 to €1,798
- Taxes -€1,072
down €1,072 (-65.3%), from €1,641 to €569
- Financial charges +€254
up €254 (+41.9%), from €607 to €861
- Other operating charges +€82
up €82 (+12.6%), from €654 to €736
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,044 | €21,791 | +€7,747 | +55.2% |
| Fixed assets | 21/28 | - | €3,876 | +€3,876 | |
| Tangible fixed assets | 22/27 | - | €3,876 | +€3,876 | |
| Furniture and vehicles | 24 | - | €3,876 | +€3,876 | |
| Current assets | 29/58 | €14,044 | €17,915 | +€3,871 | +27.6% |
| Stocks and contracts in progress | 3 | €700 | €700 | = | 0.0% |
| Stocks | 30/36 | €700 | €700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,917 | €8,377 | +€5,460 | +187% |
| Trade receivables | 40 | €0 | €6,543 | +€6,543 | |
| Other amounts receivable | 41 | €2,917 | €1,834 | -€1,084 | -37.1% |
| Cash at bank and in hand | 54/58 | €9,188 | €5,745 | -€3,442 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,239 | €3,093 | +€1,854 | +150% |
| Total equity and liabilities | 10/49 | €14,044 | €21,791 | +€7,747 | +55.2% |
| Equity | 10/15 | €10,743 | €11,707 | +€964 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,257 | -€8,293 | +€964 | +10.4% |
| Amounts payable | 17/49 | €3,301 | €10,084 | +€6,783 | +206% |
| Amounts payable after more than one year | 17 | - | €2,136 | +€2,136 | |
| Financial debts | 170/4 | - | €2,136 | +€2,136 | |
| Amounts payable within one year | 42/48 | €3,301 | €7,948 | +€4,647 | +141% |
| Current portion of amounts payable after more than one year | 42 | - | €1,883 | +€1,883 | |
| Trade debts | 44 | €1,523 | €3,982 | +€2,459 | +161% |
| Suppliers | 440/4 | €1,523 | €3,982 | +€2,459 | +161% |
| Taxes, remuneration and social security | 45 | €223 | €176 | -€47 | -21.2% |
| Taxes | 450/3 | €223 | €176 | -€47 | -21.2% |
| Other amounts payable | 47/48 | €1,554 | €1,907 | +€353 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,798 | +€1,798 | |
| Other operating charges | 640/8 | €654 | €736 | +€82 | +12.6% |
| Non-recurring operating charges | 66A | €529 | - | -€529 | |
| Gross operating margin | 9900 | €8,185 | €4,929 | -€3,256 | -39.8% |
| Operating profit (loss) | 9901 | €7,002 | €2,394 | -€4,607 | -65.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €607 | €861 | +€254 | +41.9% |
| Recurring financial charges | 65 | €607 | €861 | +€254 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €6,397 | €1,533 | -€4,864 | -76.0% |
| Income taxes | 67/77 | €1,641 | €569 | -€1,072 | -65.3% |
| Profit (loss) for the period | 9904 | €4,756 | €964 | -€3,792 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,756 | €964 | -€3,792 | -79.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.