GLEVICO: 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.
GLEVICO
Largest movements
- Cash +€19,269
up €19,269 (+18.9%), from €101,963 to €121,232
mainly Other debts (+€122,988) and Net result for the year (+€52,244)
- Receivables within one year -€13,616
down €13,616 (-19.7%), from €68,993 to €55,378
of which Trade receivables: -€20,136
- Tangible fixed assets -€7,671
down €7,671 (-31.4%), from €24,444 to €16,772
- Profit (loss) carried forward -€151,997
down €151,997 (-100%), from €151,997 to €0
- Other debts +€122,988
new in 2025: €122,988
- Reserves +€52,244
new in 2025: €52,244
- Tax, wage and social debts -€29,584
down €29,584 (-83.5%), from €35,421 to €5,838
of which Taxes: -€19,019
- Accrued charges and deferred income +€4,354
new in 2025: €4,354
- Gross operating margin +€8,409
up €8,409 (+10.2%), from €82,257 to €90,666
- Taxes +€6,407
up €6,407 (+33.9%), from €18,893 to €25,301
- Financial charges +€4,456
up €4,456 (+717%), from €621 to €5,077
- Other operating charges -€3,457
down €3,457 (-90.0%), from €3,843 to €386
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 | €346,091 | €344,023 | -€2,068 | -0.6% |
| Fixed assets | 21/28 | €174,974 | €167,302 | -€7,671 | -4.4% |
| Tangible fixed assets | 22/27 | €24,444 | €16,772 | -€7,671 | -31.4% |
| Furniture and vehicles | 24 | €24,444 | €16,772 | -€7,671 | -31.4% |
| Financial fixed assets | 28 | €150,530 | €150,530 | = | 0.0% |
| Current assets | 29/58 | €171,117 | €176,721 | +€5,604 | +3.3% |
| Amounts receivable within one year | 40/41 | €68,993 | €55,378 | -€13,616 | -19.7% |
| Trade receivables | 40 | €68,970 | €48,834 | -€20,136 | -29.2% |
| Other amounts receivable | 41 | €23 | €6,544 | +€6,521 | +28,203% |
| Cash at bank and in hand | 54/58 | €101,963 | €121,232 | +€19,269 | +18.9% |
| Deferred charges and accrued income | 490/1 | €161 | €112 | -€50 | -30.8% |
| Total equity and liabilities | 10/49 | €346,091 | €344,023 | -€2,068 | -0.6% |
| Equity | 10/15 | €306,997 | €207,244 | -€99,754 | -32.5% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | - | €52,244 | +€52,244 | |
| Distributable reserves | 133 | - | €52,244 | +€52,244 | |
| Profit (loss) carried forward | 14 | €151,997 | €0 | -€151,997 | -100% |
| Amounts payable | 17/49 | €39,094 | €136,779 | +€97,686 | +250% |
| Amounts payable within one year | 42/48 | €39,094 | €132,425 | +€93,332 | +239% |
| Current portion of amounts payable after more than one year | 42 | €3,389 | €0 | -€3,389 | -100% |
| Trade debts | 44 | €283 | €3,600 | +€3,317 | +1,172% |
| Suppliers | 440/4 | €283 | €3,600 | +€3,317 | +1,172% |
| Taxes, remuneration and social security | 45 | €35,421 | €5,838 | -€29,584 | -83.5% |
| Taxes | 450/3 | €24,857 | €5,838 | -€19,019 | -76.5% |
| Remuneration and social security | 454/9 | €10,565 | €0 | -€10,565 | -100% |
| Other amounts payable | 47/48 | - | €122,988 | +€122,988 | |
| Accrued charges and deferred income | 492/3 | - | €4,354 | +€4,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,671 | €7,671 | = | 0.0% |
| Other operating charges | 640/8 | €3,843 | €386 | -€3,457 | -90.0% |
| Gross operating margin | 9900 | €82,257 | €90,666 | +€8,409 | +10.2% |
| Operating profit (loss) | 9901 | €70,742 | €82,608 | +€11,866 | +16.8% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €621 | €5,077 | +€4,456 | +717% |
| Recurring financial charges | 65 | €621 | €5,077 | +€4,456 | +717% |
| Profit (loss) for the period before taxes | 9903 | €70,121 | €77,544 | +€7,423 | +10.6% |
| Income taxes | 67/77 | €18,893 | €25,301 | +€6,407 | +33.9% |
| Profit (loss) for the period | 9904 | €51,228 | €52,244 | +€1,016 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,228 | €52,244 | +€1,016 | +2.0% |
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 31 October 2026 via checked.be.