GLENNSWOOD: 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.
GLENNSWOOD
Largest movements
- Cash +€12,209
up €12,209 (+54.3%), from €22,482 to €34,691
mainly Net result for the year (+€15,414)
- Receivables within one year +€1,470
up €1,470 (+9.8%), from €15,003 to €16,474
of which Other amounts receivable: +€5,942
- Profit (loss) carried forward +€15,414
up €15,414 (+45.9%), from €33,590 to €49,005
- Tax, wage and social debts -€1,735
no longer reported in 2025 (was €1,735)
- Gross operating margin -€5,742
down €5,742 (-22.1%), from €25,964 to €20,222
- Taxes -€2,487
down €2,487 (-37.5%), from €6,635 to €4,148
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 | €37,486 | €51,165 | +€13,679 | +36.5% |
| Current assets | 29/58 | €37,486 | €51,165 | +€13,679 | +36.5% |
| Amounts receivable within one year | 40/41 | €15,003 | €16,474 | +€1,470 | +9.8% |
| Trade receivables | 40 | €4,500 | €29 | -€4,471 | -99.4% |
| Other amounts receivable | 41 | €10,503 | €16,445 | +€5,942 | +56.6% |
| Cash at bank and in hand | 54/58 | €22,482 | €34,691 | +€12,209 | +54.3% |
| Total equity and liabilities | 10/49 | €37,486 | €51,165 | +€13,679 | +36.5% |
| Equity | 10/15 | €35,590 | €51,005 | +€15,414 | +43.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,590 | €49,005 | +€15,414 | +45.9% |
| Amounts payable | 17/49 | €1,895 | €160 | -€1,735 | -91.6% |
| Amounts payable within one year | 42/48 | €1,895 | €160 | -€1,735 | -91.6% |
| Trade debts | 44 | €160 | €160 | = | 0.0% |
| Suppliers | 440/4 | €160 | €160 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,735 | - | -€1,735 | |
| Taxes | 450/3 | €1,735 | - | -€1,735 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €25,964 | €20,222 | -€5,742 | -22.1% |
| Operating profit (loss) | 9901 | €25,459 | €19,702 | -€5,757 | -22.6% |
| Financial charges | 65/66B | €96 | €140 | +€44 | +45.2% |
| Recurring financial charges | 65 | €96 | €140 | +€44 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €25,363 | €19,562 | -€5,800 | -22.9% |
| Income taxes | 67/77 | €6,635 | €4,148 | -€2,487 | -37.5% |
| Profit (loss) for the period | 9904 | €18,727 | €15,414 | -€3,313 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,727 | €15,414 | -€3,313 | -17.7% |
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 23 October 2026 via checked.be.