GLENN VAN LAER: 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 VAN LAER
Largest movements
- Cash +€16,569
up €16,569 (+22.7%), from €73,131 to €89,699
mainly Debts after one year (+€65,000) and Net result for the year (+€25,255)
- Receivables within one year +€2,265
up €2,265 (+79.9%), from €2,835 to €5,100
- Tangible fixed assets -€1,802
down €1,802 (-25.6%), from €7,027 to €5,225
of which Plant, machinery and equipment: -€1,626
- Reserves -€65,700
no longer reported in 2025 (was €65,700)
- Debts after one year +€65,000
new in 2025: €65,000
- Other debts +€11,874
up €11,874 (+74.3%), from €15,991 to €27,865
- Trade debts +€3,370
up €3,370 (+6,479%), from €52 to €3,422
- Tax, wage and social debts +€2,514
new in 2025: €2,514
- Gross operating margin +€7,284
up €7,284 (+27.4%), from €26,601 to €33,885
- Taxes -€2,174
down €2,174 (-28.4%), from €7,657 to €5,484
- Depreciation +€619
up €619 (+32.9%), from €1,882 to €2,501
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 | €83,306 | €100,369 | +€17,063 | +20.5% |
| Fixed assets | 21/28 | €7,027 | €5,225 | -€1,802 | -25.6% |
| Tangible fixed assets | 22/27 | €7,027 | €5,225 | -€1,802 | -25.6% |
| Plant, machinery and equipment | 23 | €5,629 | €4,003 | -€1,626 | -28.9% |
| Furniture and vehicles | 24 | €1,398 | €1,223 | -€175 | -12.5% |
| Current assets | 29/58 | €76,279 | €95,144 | +€18,865 | +24.7% |
| Amounts receivable within one year | 40/41 | €2,835 | €5,100 | +€2,265 | +79.9% |
| Other amounts receivable | 41 | €2,835 | €5,100 | +€2,265 | +79.9% |
| Cash at bank and in hand | 54/58 | €73,131 | €89,699 | +€16,569 | +22.7% |
| Deferred charges and accrued income | 490/1 | €313 | €344 | +€31 | +9.9% |
| Total equity and liabilities | 10/49 | €83,306 | €100,369 | +€17,063 | +20.5% |
| Equity | 10/15 | €67,263 | €1,568 | -€65,695 | -97.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €65,700 | - | -€65,700 | |
| Distributable reserves | 133 | €65,700 | - | -€65,700 | |
| Profit (loss) carried forward | 14 | €63 | €68 | +€5 | +8.0% |
| Amounts payable | 17/49 | €16,043 | €98,801 | +€82,758 | +516% |
| Amounts payable after more than one year | 17 | - | €65,000 | +€65,000 | |
| Financial debts | 170/4 | - | €65,000 | +€65,000 | |
| Amounts payable within one year | 42/48 | €16,043 | €33,801 | +€17,758 | +111% |
| Trade debts | 44 | €52 | €3,422 | +€3,370 | +6,479% |
| Suppliers | 440/4 | €52 | €3,422 | +€3,370 | +6,479% |
| Taxes, remuneration and social security | 45 | - | €2,514 | +€2,514 | |
| Remuneration and social security | 454/9 | - | €2,514 | +€2,514 | |
| Other amounts payable | 47/48 | €15,991 | €27,865 | +€11,874 | +74.3% |
| Remuneration, social security and pensions | 62 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €2,501 | +€619 | +32.9% |
| Other operating charges | 640/8 | €457 | €550 | +€93 | +20.3% |
| Gross operating margin | 9900 | €26,601 | €33,885 | +€7,284 | +27.4% |
| Operating profit (loss) | 9901 | €24,262 | €30,786 | +€6,524 | +26.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €50 | €47 | -€3 | -5.5% |
| Recurring financial charges | 65 | €50 | €47 | -€3 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €24,212 | €30,739 | +€6,526 | +27.0% |
| Income taxes | 67/77 | €7,657 | €5,484 | -€2,174 | -28.4% |
| Profit (loss) for the period | 9904 | €16,555 | €25,255 | +€8,700 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,555 | €25,255 | +€8,700 | +52.6% |
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 24 October 2026 via checked.be.