GLINEUR: 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.
GLINEUR
Largest movements
- Tangible fixed assets -€7,567
down €7,567 (-17.7%), from €42,731 to €35,164
of which Furniture and vehicles: -€5,948
- Cash -€2,864
down €2,864 (-13.0%), from €22,054 to €19,190
mainly Net result for the year (-€10,272) and Debts after one year (-€6,269)
- Stocks and contracts -€1,728
down €1,728 (-4.0%), from €43,496 to €41,769
- Receivables within one year -€1,395
no longer reported in 2025 (was €1,395)
- Profit (loss) carried forward -€10,272
down €10,272 (-52.3%), from -€19,659 to -€29,931
- Debts after one year -€6,269
down €6,269 (-35.8%), from €17,493 to €11,224
- Trade debts +€2,978
up €2,978 (+23.4%), from €12,735 to €15,713
- Turnover +€677,508
new in 2025: €677,508
- Purchases and services +€643,796
new in 2025: €643,796
- Gross operating margin -€8,520
down €8,520 (-20.2%), from €42,232 to €33,712
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 | €109,855 | €96,301 | -€13,554 | -12.3% |
| Fixed assets | 21/28 | €42,910 | €35,343 | -€7,567 | -17.6% |
| Tangible fixed assets | 22/27 | €42,731 | €35,164 | -€7,567 | -17.7% |
| Land and buildings | 22 | €19,433 | €17,814 | -€1,619 | -8.3% |
| Furniture and vehicles | 24 | €23,298 | €17,350 | -€5,948 | -25.5% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €66,945 | €60,959 | -€5,986 | -8.9% |
| Stocks and contracts in progress | 3 | €43,496 | €41,769 | -€1,728 | -4.0% |
| Stocks | 30/36 | €43,496 | €41,769 | -€1,728 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,395 | - | -€1,395 | |
| Trade receivables | 40 | €1,395 | - | -€1,395 | |
| Cash at bank and in hand | 54/58 | €22,054 | €19,190 | -€2,864 | -13.0% |
| Total equity and liabilities | 10/49 | €109,855 | €96,301 | -€13,554 | -12.3% |
| Equity | 10/15 | €41,022 | €30,750 | -€10,272 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,081 | €42,081 | = | 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% |
| Distributable reserves | 133 | €40,221 | €40,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,659 | -€29,931 | -€10,272 | -52.3% |
| Amounts payable | 17/49 | €68,833 | €65,552 | -€3,282 | -4.8% |
| Amounts payable after more than one year | 17 | €17,493 | €11,224 | -€6,269 | -35.8% |
| Financial debts | 170/4 | €17,493 | €11,224 | -€6,269 | -35.8% |
| Amounts payable within one year | 42/48 | €51,340 | €54,328 | +€2,988 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,074 | €6,269 | +€196 | +3.2% |
| Trade debts | 44 | €12,735 | €15,713 | +€2,978 | +23.4% |
| Suppliers | 440/4 | €12,735 | €15,713 | +€2,978 | +23.4% |
| Taxes, remuneration and social security | 45 | €2,999 | €3,320 | +€321 | +10.7% |
| Taxes | 450/3 | €1,249 | €1,413 | +€164 | +13.2% |
| Remuneration and social security | 454/9 | €1,750 | €1,907 | +€157 | +8.9% |
| Other amounts payable | 47/48 | €29,532 | €29,025 | -€507 | -1.7% |
| Turnover | 70 | - | €677,508 | +€677,508 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €643,796 | +€643,796 | |
| Remuneration, social security and pensions | 62 | €29,705 | €28,800 | -€906 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,855 | €7,567 | -€287 | -3.7% |
| Other operating charges | 640/8 | €955 | €2,895 | +€1,940 | +203% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €42,232 | €33,712 | -€8,520 | -20.2% |
| Operating profit (loss) | 9901 | €3,717 | -€5,551 | -€9,268 | |
| Financial income | 75/76B | €352 | - | -€352 | |
| Recurring financial income | 75 | €352 | - | -€352 | |
| Non-recurring financial income | 76B | €352 | - | -€352 | |
| Financial charges | 65/66B | €3,654 | €4,722 | +€1,067 | +29.2% |
| Recurring financial charges | 65 | €3,654 | €4,722 | +€1,067 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €415 | -€10,272 | -€10,687 | |
| Income taxes | 67/77 | €192 | - | -€192 | |
| Profit (loss) for the period | 9904 | €222 | -€10,272 | -€10,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €222 | -€10,272 | -€10,495 |
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 14 October 2026 via checked.be.