GLENSON: 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.
GLENSON
Largest movements
- Receivables within one year +€36,870
up €36,870 (+81.9%), from €45,035 to €81,905
of which Other amounts receivable: +€35,660
- Profit (loss) carried forward +€24,939
up €24,939 (+133%), from €18,745 to €43,684
- Tax, wage and social debts +€8,866
up €8,866 (+375%), from €2,363 to €11,229
- Trade debts +€2,582
up €2,582 (+130%), from €1,986 to €4,568
- Gross operating margin +€18,303
up €18,303 (+57.0%), from €32,089 to €50,392
- Taxes +€7,710
up €7,710 (+138%), from €5,581 to €13,291
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 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Current assets | 29/58 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Amounts receivable within one year | 40/41 | €45,035 | €81,905 | +€36,870 | +81.9% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €45,035 | €80,695 | +€35,660 | +79.2% |
| Cash at bank and in hand | 54/58 | - | €154 | +€154 | |
| Deferred charges and accrued income | 490/1 | €522 | €552 | +€30 | +5.7% |
| Total equity and liabilities | 10/49 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Equity | 10/15 | €39,315 | €64,254 | +€24,939 | +63.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,970 | €1,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,745 | €43,684 | +€24,939 | +133% |
| Amounts payable | 17/49 | €6,242 | €18,357 | +€12,115 | +194% |
| Amounts payable within one year | 42/48 | €6,242 | €18,357 | +€12,115 | +194% |
| Financial debts | 43 | €1,333 | €2,000 | +€667 | +50.0% |
| Credit institutions | 430/8 | €1,333 | €2,000 | +€667 | +50.0% |
| Trade debts | 44 | €1,986 | €4,568 | +€2,582 | +130% |
| Suppliers | 440/4 | €1,986 | €4,568 | +€2,582 | +130% |
| Taxes, remuneration and social security | 45 | €2,363 | €11,229 | +€8,866 | +375% |
| Taxes | 450/3 | €2,363 | €11,229 | +€8,866 | +375% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Other operating charges | 640/8 | €1,101 | €1,184 | +€83 | +7.5% |
| Gross operating margin | 9900 | €32,089 | €50,392 | +€18,303 | +57.0% |
| Operating profit (loss) | 9901 | €30,988 | €49,208 | +€18,220 | +58.8% |
| Financial income | 75/76B | €13 | €14 | +€1 | +7.7% |
| Recurring financial income | 75 | €13 | €14 | +€1 | +7.7% |
| Financial charges | 65/66B | €1,285 | €992 | -€293 | -22.8% |
| Recurring financial charges | 65 | €1,285 | €992 | -€293 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €29,716 | €48,230 | +€18,514 | +62.3% |
| Income taxes | 67/77 | €5,581 | €13,291 | +€7,710 | +138% |
| Profit (loss) for the period | 9904 | €24,135 | €34,939 | +€10,804 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,135 | €34,939 | +€10,804 | +44.8% |
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 16 October 2026 via checked.be.