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GLEVYMO: 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.

What changed

GLEVYMO

BE 0839.345.552
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€90,592
2024 · €92,934-€2,342
Equity
€941,836
2024 · €851,244+€90,592
Cash
€50,537
2024 · €117,883-€67,346
Balance sheet total
€1.0m
2024 · €868,543+€156,613

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€212,791

    up €212,791 (+31.9%), from €666,952 to €879,743

    of which Land and buildings: +€222,568

  • Cash -€67,346

    down €67,346 (-57.1%), from €117,883 to €50,537

    mainly Investment in fixed assets (net) (-€278,284) and Current investments (-€11,703)

  • Current investments +€11,703

    up €11,703 (+15.2%), from €76,828 to €88,531

Equity and liabilities
  • Reserves +€90,592

    up €90,592 (+10.8%), from €838,844 to €929,436

  • Other debts +€73,969

    up €73,969 (+1186.7%), from €6,233 to €80,202

Income statement
  • Depreciation +€21,809

    up €21,809 (+49.9%), from €43,684 to €65,493

  • Gross operating margin +€10,611

    up €10,611 (+6.0%), from €177,516 to €188,127

  • Financial income +€3,929

    up €3,929 (+292.8%), from €1,342 to €5,271

  • Financial charges -€3,906

    down €3,906 (-83.5%), from €4,677 to €772

From the 2024 result to the 2025 result

effect on the 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 €92,934
Gross operating margin +€10,611
Depreciation -€21,809
Other operating charges -€686
Financial income +€3,929
Financial charges +€3,906
Taxes +€1,707
Result 2025 €90,592

Cash bridge derived

cash 2024 to 2025

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 +€222,641
Investment -€289,987
Financing €0
Cash 2024 €117,883
Net result for the year +€90,592
Depreciation +€65,493
Receivables within one year +€2,469
Deferred charges and accrued income -€1,934
Trade debts -€5,474
Other debts +€73,969
Accrued charges and deferred income -€2,474
Investment in fixed assets (net) -€278,284
Current investments -€11,703
Cash 2025 €50,537
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €868,543 €1,025,156 +€156,613 +18.0%
Fixed assets 21/28 €666,952 €879,743 +€212,791 +31.9%
Tangible fixed assets 22/27 €666,952 €879,743 +€212,791 +31.9%
Land and buildings 22 €618,170 €840,738 +€222,568 +36.0%
Furniture and vehicles 24 €48,782 €39,005 -€9,777 -20.0%
Current assets 29/58 €201,591 €145,413 -€56,178 -27.9%
Amounts receivable within one year 40/41 €3,047 €578 -€2,469 -81.0%
Other amounts receivable 41 €3,047 €578 -€2,469 -81.0%
Current investments 50/53 €76,828 €88,531 +€11,703 +15.2%
Cash at bank and in hand 54/58 €117,883 €50,537 -€67,346 -57.1%
Deferred charges and accrued income 490/1 €3,833 €5,767 +€1,934 +50.5%
Total equity and liabilities 10/49 €868,543 €1,025,156 +€156,613 +18.0%
Equity 10/15 €851,244 €941,836 +€90,592 +10.6%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €838,844 €929,436 +€90,592 +10.8%
Distributable reserves 133 €838,844 €929,436 +€90,592 +10.8%
Amounts payable 17/49 €17,299 €83,320 +€66,021 +381.6%
Amounts payable within one year 42/48 €14,825 €83,320 +€68,495 +462.0%
Trade debts 44 €8,592 €3,118 -€5,474 -63.7%
Suppliers 440/4 €8,592 €3,118 -€5,474 -63.7%
Other amounts payable 47/48 €6,233 €80,202 +€73,969 +1186.7%
Accrued charges and deferred income 492/3 €2,474 - -€2,474
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €43,684 €65,493 +€21,809 +49.9%
Other operating charges 640/8 €5,219 €5,904 +€686 +13.1%
Gross operating margin 9900 €177,516 €188,127 +€10,611 +6.0%
Operating profit (loss) 9901 €128,613 €116,729 -€11,884 -9.2%
Financial income 75/76B €1,342 €5,271 +€3,929 +292.8%
Recurring financial income 75 €1,342 €5,271 +€3,929 +292.8%
Financial charges 65/66B €4,677 €772 -€3,906 -83.5%
Recurring financial charges 65 €4,677 €772 -€3,906 -83.5%
Profit (loss) for the period before taxes 9903 €125,277 €121,228 -€4,049 -3.2%
Income taxes 67/77 €32,343 €30,636 -€1,707 -5.3%
Profit (loss) for the period 9904 €92,934 €90,592 -€2,342 -2.5%
Profit (loss) for the period to be appropriated 9905 €92,934 €90,592 -€2,342 -2.5%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.