GLIMO: 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.
GLIMO
Largest movements
- Receivables within one year -€63,421
down €63,421 (-32.2%), from €196,697 to €133,276
of which Trade receivables: -€65,481
- Tangible fixed assets -€27,225
down €27,225 (-3.4%), from €804,095 to €776,870
of which Land and buildings: -€25,790
- Profit (loss) carried forward -€68,088
down €68,088 (-19.4%), from -€350,107 to -€418,195
- Provisions -€16,296
down €16,296 (-2.4%), from €670,419 to €654,123
- Gross operating margin -€75,928
down €75,928, from €61,527 to -€14,402
- Taxes -€32,245
down €32,245 (-99.1%), from €32,526 to €281
- Write-downs -€15,240
no longer reported in 2025 (was €15,240)
- Depreciation -€6,582
down €6,582 (-19.5%), from €33,807 to €27,225
- Financial income +€692
up €692 (+13,360%), from €5 to €697
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 | €1,135,164 | €1,043,982 | -€91,182 | -8.0% |
| Fixed assets | 21/28 | €804,095 | €776,870 | -€27,225 | -3.4% |
| Tangible fixed assets | 22/27 | €804,095 | €776,870 | -€27,225 | -3.4% |
| Land and buildings | 22 | €800,990 | €775,201 | -€25,790 | -3.2% |
| Plant, machinery and equipment | 23 | €2,818 | €1,669 | -€1,149 | -40.8% |
| Furniture and vehicles | 24 | €286 | - | -€286 | |
| Current assets | 29/58 | €331,070 | €267,112 | -€63,957 | -19.3% |
| Amounts receivable within one year | 40/41 | €196,697 | €133,276 | -€63,421 | -32.2% |
| Trade receivables | 40 | €67,481 | €2,000 | -€65,481 | -97.0% |
| Other amounts receivable | 41 | €129,216 | €131,276 | +€2,060 | +1.6% |
| Cash at bank and in hand | 54/58 | €134,054 | €133,836 | -€217 | -0.2% |
| Deferred charges and accrued income | 490/1 | €319 | - | -€319 | |
| Total equity and liabilities | 10/49 | €1,135,164 | €1,043,982 | -€91,182 | -8.0% |
| Equity | 10/15 | €273,255 | €205,167 | -€68,088 | -24.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €498,362 | €498,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,107 | -€418,195 | -€68,088 | -19.4% |
| Provisions and deferred taxes | 16 | €670,419 | €654,123 | -€16,296 | -2.4% |
| Provisions for liabilities and charges | 160/5 | €670,419 | €654,123 | -€16,296 | -2.4% |
| Pensions and similar obligations | 160 | €670,419 | €654,123 | -€16,296 | -2.4% |
| Amounts payable | 17/49 | €191,491 | €184,692 | -€6,798 | -3.6% |
| Amounts payable within one year | 42/48 | €191,491 | €184,692 | -€6,798 | -3.6% |
| Financial debts | 43 | €30 | - | -€30 | |
| Credit institutions | 430/8 | €30 | - | -€30 | |
| Trade debts | 44 | €722 | €307 | -€415 | -57.5% |
| Suppliers | 440/4 | €722 | €307 | -€415 | -57.5% |
| Taxes, remuneration and social security | 45 | €266 | €281 | +€14 | +5.4% |
| Taxes | 450/3 | €266 | €281 | +€14 | +5.4% |
| Other amounts payable | 47/48 | €190,473 | €184,105 | -€6,368 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,807 | €27,225 | -€6,582 | -19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,240 | - | -€15,240 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,802 | -€16,296 | -€494 | -3.1% |
| Other operating charges | 640/8 | €5,552 | €5,059 | -€493 | -8.9% |
| Gross operating margin | 9900 | €61,527 | -€14,402 | -€75,928 | |
| Operating profit (loss) | 9901 | €22,729 | -€30,390 | -€53,119 | |
| Financial income | 75/76B | €5 | €697 | +€692 | +13,360% |
| Recurring financial income | 75 | €5 | €697 | +€692 | +13,360% |
| Financial charges | 65/66B | €38,113 | €38,115 | +€1 | 0.0% |
| Recurring financial charges | 65 | €38,113 | €38,115 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,379 | -€67,807 | -€52,429 | -341% |
| Income taxes | 67/77 | €32,526 | €281 | -€32,245 | -99.1% |
| Profit (loss) for the period | 9904 | -€47,905 | -€68,088 | -€20,183 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,905 | -€68,088 | -€20,183 | -42.1% |
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 13 October 2026 via checked.be.