GLESNER André SA: 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.
What changed
GLESNER André SA
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€622,037
2024 · €317,172+€304,865
Equity
€2.2m
2024 · €2.2m-€37,312
Cash
€971,218
2024 · €97,751+€873,467
Balance sheet total
€2.9m
2024 · €3.8m-€889,428
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-81.9%), from €2.0m to €357,150
of which Trade receivables: -€1.5m
- Current investments -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Receivables after one year +€975,000
new in 2025: €975,000
- Cash +€873,467
up €873,467 (+894%), from €97,751 to €971,218
mainly Receivables within one year (+€1.6m) and Current investments (+€1.0m)
- Stocks and contracts -€109,788
down €109,788 (-68.6%), from €160,144 to €50,356
Equity and liabilities
- Advances received -€860,000
down €860,000 (-93.0%), from €925,000 to €65,000
- Other debts +€329,200
up €329,200 (+41,150%), from €800 to €330,000
- Trade debts -€319,983
down €319,983 (-57.4%), from €557,682 to €237,699
Income statement
- Gross operating margin +€298,716
up €298,716 (+29.2%), from €1.0m to €1.3m
- Taxes +€30,788
up €30,788 (+44.6%), from €68,994 to €99,783
- Financial charges +€30,099
up €30,099 (+546%), from €5,511 to €35,610
of which Financial charges: +€30,099
- Depreciation -€29,543
down €29,543 (-17.6%), from €167,401 to €137,858
- Financial income +€24,057
up €24,057 (+67.7%), from €35,536 to €59,593
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.
Result 2024
€317,172
Gross operating margin
+€298,716
Staff costs
+€23,609
Depreciation
+€29,543
Other operating charges
-€536
Other operating items
-€9,637
Financial income
+€24,057
Financial charges
-€30,099
Taxes
-€30,788
Result 2025
€622,037
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€637,103
Investment
+€894,777
Financing
-€658,413
Cash 2024
€97,751
From operations (derived)
+€637,103
Net result for the year
+€622,037
Depreciation
+€137,858
Receivables after one year
-€975,000
Stocks and contracts
+€109,788
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€23,634
Trade debts
-€319,983
Tax, wage and social debts
-€2,269
Advances received
-€860,000
Other debts
+€329,200
Investment (derived)
+€894,777
Investment in fixed assets (net)
-€105,223
Current investments
+€1.0m
Financing
-€658,413
Debts after one year
+€13,569
Current portion of long-term debt
-€12,633
Contributions, distributions and other
-€659,349
Cash 2025
€971,218
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,788,746 | €2,899,318 | -€889,428 | -23.5% |
| Fixed assets | 21/28 | €530,139 | €497,504 | -€32,635 | -6.2% |
| Intangible fixed assets | 21 | €9,929 | €6,071 | -€3,858 | -38.9% |
| Tangible fixed assets | 22/27 | €514,210 | €485,433 | -€28,777 | -5.6% |
| Land and buildings | 22 | €345,541 | €287,879 | -€57,662 | -16.7% |
| Plant, machinery and equipment | 23 | €106,591 | €90,596 | -€15,995 | -15.0% |
| Furniture and vehicles | 24 | €62,064 | €106,958 | +€44,894 | +72.3% |
| Other tangible fixed assets | 26 | €14 | €0 | -€14 | -100% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €3,258,607 | €2,401,815 | -€856,793 | -26.3% |
| Amounts receivable after more than one year | 29 | - | €975,000 | +€975,000 | |
| Other amounts receivable | 291 | - | €975,000 | +€975,000 | |
| Stocks and contracts in progress | 3 | €160,144 | €50,356 | -€109,788 | -68.6% |
| Stocks | 30/36 | €160,144 | €50,356 | -€109,788 | -68.6% |
| Amounts receivable within one year | 40/41 | €1,976,256 | €357,150 | -€1.6m | -81.9% |
| Trade receivables | 40 | €1,610,494 | €87,047 | -€1.5m | -94.6% |
| Other amounts receivable | 41 | €365,762 | €270,103 | -€95,659 | -26.2% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100% |
| Cash at bank and in hand | 54/58 | €97,751 | €971,218 | +€873,467 | +894% |
| Deferred charges and accrued income | 490/1 | €24,457 | €48,091 | +€23,634 | +96.6% |
| Total equity and liabilities | 10/49 | €3,788,746 | €2,899,318 | -€889,428 | -23.5% |
| Equity | 10/15 | €2,220,136 | €2,182,824 | -€37,312 | -1.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €2,150,514 | €2,115,577 | -€34,938 | -1.6% |
| Non-distributable reserves | 130/1 | €6,250 | €981,250 | +€975,000 | +15,600% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €975,000 | +€975,000 | |
| Tax-exempt reserves | 132 | €359,874 | €191,474 | -€168,400 | -46.8% |
| Distributable reserves | 133 | €1,784,390 | €942,853 | -€841,538 | -47.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €7,121 | €4,747 | -€2,374 | -33.3% |
| Amounts payable | 17/49 | €1,568,610 | €716,494 | -€852,116 | -54.3% |
| Amounts payable after more than one year | 17 | €6,734 | €20,303 | +€13,569 | +202% |
| Financial debts | 170/4 | €6,734 | €20,303 | +€13,569 | +202% |
| Amounts payable within one year | 42/48 | €1,561,877 | €696,192 | -€865,685 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €26,228 | €13,595 | -€12,633 | -48.2% |
| Trade debts | 44 | €557,682 | €237,699 | -€319,983 | -57.4% |
| Suppliers | 440/4 | €557,682 | €237,699 | -€319,983 | -57.4% |
| Advances received on contracts in progress | 46 | €925,000 | €65,000 | -€860,000 | -93.0% |
| Taxes, remuneration and social security | 45 | €52,167 | €49,898 | -€2,269 | -4.3% |
| Taxes | 450/3 | - | €3,028 | +€3,028 | |
| Remuneration and social security | 454/9 | €52,167 | €46,870 | -€5,298 | -10.2% |
| Other amounts payable | 47/48 | €800 | €330,000 | +€329,200 | +41,150% |
| Non-recurring operating income | 76A | €5,574 | €99,270 | +€93,696 | +1,681% |
| Remuneration, social security and pensions | 62 | €470,433 | €446,824 | -€23,609 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,401 | €137,858 | -€29,543 | -17.6% |
| Other operating charges | 640/8 | €25,695 | €26,232 | +€536 | +2.1% |
| Non-recurring operating charges | 66A | €2,560 | €12,197 | +€9,637 | +376% |
| Gross operating margin | 9900 | €1,022,231 | €1,320,947 | +€298,716 | +29.2% |
| Operating profit (loss) | 9901 | €356,141 | €697,836 | +€341,695 | +95.9% |
| Financial income | 75/76B | €35,536 | €59,593 | +€24,057 | +67.7% |
| Recurring financial income | 75 | €35,536 | €59,593 | +€24,057 | +67.7% |
| Financial charges | 65/66B | €5,511 | €35,610 | +€30,099 | +546% |
| Recurring financial charges | 65 | €5,511 | €35,610 | +€30,099 | +546% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €386,166 | €721,820 | +€335,654 | +86.9% |
| Income taxes | 67/77 | €68,994 | €99,783 | +€30,788 | +44.6% |
| Profit (loss) for the period | 9904 | €317,172 | €622,037 | +€304,865 | +96.1% |
| Transfer from tax-exempt reserves | 789 | €71,200 | €168,400 | +€97,200 | +137% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €304,172 | €790,437 | +€486,265 | +160% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.