GLENNERGY: what changed
Two fiscal 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.
GLENNERGY
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Cash +€36,690
up €36,690 (+168.4%), from €21,794 to €58,483
mainly Net result for the year (+€67,568) and Tax, wage and social debts (+€21,645)
- Tangible fixed assets +€4,025
new in 2025: €4,025
- Profit (loss) carried forward +€67,568
up €67,568 (+146.4%), from €46,146 to €113,714
- Tax, wage and social debts +€21,645
up €21,645 (+83.5%), from €25,917 to €47,562
- Gross operating margin +€29,704
up €29,704 (+47.4%), from €62,648 to €92,352
- Taxes +€7,393
up €7,393 (+45.6%), from €16,225 to €23,619
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.
Cash bridge derived
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 | €74,034 | €163,991 | +€89,958 | +121.5% |
| Fixed assets | 21/28 | €50,000 | €104,025 | +€54,025 | +108.0% |
| Tangible fixed assets | 22/27 | - | €4,025 | +€4,025 | |
| Plant, machinery and equipment | 23 | - | €4,025 | +€4,025 | |
| Financial fixed assets | 28 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Current assets | 29/58 | €24,034 | €59,966 | +€35,933 | +149.5% |
| Amounts receivable within one year | 40/41 | €2,240 | €1,483 | -€757 | -33.8% |
| Trade receivables | 40 | €2,240 | €0 | -€2,240 | -100.0% |
| Other amounts receivable | 41 | - | €1,483 | +€1,483 | |
| Cash at bank and in hand | 54/58 | €21,794 | €58,483 | +€36,690 | +168.4% |
| Total equity and liabilities | 10/49 | €74,034 | €163,991 | +€89,958 | +121.5% |
| Equity | 10/15 | €46,246 | €113,814 | +€67,568 | +146.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,146 | €113,714 | +€67,568 | +146.4% |
| Amounts payable | 17/49 | €27,788 | €50,177 | +€22,389 | +80.6% |
| Amounts payable within one year | 42/48 | €27,788 | €50,177 | +€22,389 | +80.6% |
| Trade debts | 44 | €1,871 | €2,616 | +€745 | +39.8% |
| Suppliers | 440/4 | €1,871 | €2,616 | +€745 | +39.8% |
| Taxes, remuneration and social security | 45 | €25,917 | €47,562 | +€21,645 | +83.5% |
| Taxes | 450/3 | €25,917 | €47,562 | +€21,645 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €258 | +€258 | |
| Other operating charges | 640/8 | €118 | €765 | +€647 | +548.1% |
| Gross operating margin | 9900 | €62,648 | €92,352 | +€29,704 | +47.4% |
| Operating profit (loss) | 9901 | €62,530 | €91,329 | +€28,799 | +46.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €161 | €142 | -€18 | -11.5% |
| Recurring financial charges | 65 | €161 | €142 | -€18 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €62,371 | €91,187 | +€28,816 | +46.2% |
| Income taxes | 67/77 | €16,225 | €23,619 | +€7,393 | +45.6% |
| Profit (loss) for the period | 9904 | €46,146 | €67,568 | +€21,423 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,146 | €67,568 | +€21,423 | +46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.