GLINEUR DOC: 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 DOC
Largest movements
- Current investments +€84,634
up €84,634 (+85.2%), from €99,390 to €184,024
- Tangible fixed assets -€20,267
down €20,267 (-7.6%), from €268,045 to €247,779
of which Land and buildings: -€25,664
- Cash +€15,627
up €15,627 (+5.4%), from €289,744 to €305,371
mainly Net result for the year (+€171,151) and Depreciation (+€31,425)
- Reserves +€71,847
up €71,847 (+14.5%), from €496,128 to €567,975
- Debts after one year -€26,521
down €26,521 (-29.5%), from €89,968 to €63,447
- Other debts +€20,169
up €20,169 (+412.1%), from €4,895 to €25,063
- Tax, wage and social debts +€17,504
up €17,504 (+42.5%), from €41,190 to €58,694
- Financial income +€3,319
up €3,319 (+332.9%), from €997 to €4,316
- Gross operating margin +€2,939
up €2,939 (+1.1%), from €277,681 to €280,620
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.
Cash bridge derived
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 | €683,671 | €764,977 | +€81,306 | +11.9% |
| Fixed assets | 21/28 | €268,045 | €247,779 | -€20,267 | -7.6% |
| Tangible fixed assets | 22/27 | €268,045 | €247,779 | -€20,267 | -7.6% |
| Land and buildings | 22 | €238,458 | €212,794 | -€25,664 | -10.8% |
| Furniture and vehicles | 24 | €5,844 | €8,615 | +€2,771 | +47.4% |
| Other tangible fixed assets | 26 | €23,743 | €26,370 | +€2,626 | +11.1% |
| Current assets | 29/58 | €415,626 | €517,198 | +€101,573 | +24.4% |
| Amounts receivable within one year | 40/41 | €19,226 | €20,983 | +€1,757 | +9.1% |
| Trade receivables | 40 | €19,177 | €20,934 | +€1,757 | +9.2% |
| Other amounts receivable | 41 | €50 | €50 | = | 0.0% |
| Current investments | 50/53 | €99,390 | €184,024 | +€84,634 | +85.2% |
| Cash at bank and in hand | 54/58 | €289,744 | €305,371 | +€15,627 | +5.4% |
| Deferred charges and accrued income | 490/1 | €7,266 | €6,820 | -€445 | -6.1% |
| Total equity and liabilities | 10/49 | €683,671 | €764,977 | +€81,306 | +11.9% |
| Equity | 10/15 | €508,528 | €580,375 | +€71,847 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €496,128 | €567,975 | +€71,847 | +14.5% |
| Distributable reserves | 133 | €496,128 | €567,975 | +€71,847 | +14.5% |
| Amounts payable | 17/49 | €175,143 | €184,602 | +€9,459 | +5.4% |
| Amounts payable after more than one year | 17 | €89,968 | €63,447 | -€26,521 | -29.5% |
| Financial debts | 170/4 | €89,968 | €63,447 | -€26,521 | -29.5% |
| Amounts payable within one year | 42/48 | €85,175 | €121,155 | +€35,980 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €35,128 | €35,521 | +€393 | +1.1% |
| Trade debts | 44 | €3,962 | €1,876 | -€2,086 | -52.6% |
| Suppliers | 440/4 | €3,962 | €1,876 | -€2,086 | -52.6% |
| Taxes, remuneration and social security | 45 | €41,190 | €58,694 | +€17,504 | +42.5% |
| Taxes | 450/3 | €41,190 | €58,694 | +€17,504 | +42.5% |
| Other amounts payable | 47/48 | €4,895 | €25,063 | +€20,169 | +412.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,387 | €31,425 | +€38 | +0.1% |
| Other operating charges | 640/8 | €4,859 | €5,254 | +€395 | +8.1% |
| Gross operating margin | 9900 | €277,681 | €280,620 | +€2,939 | +1.1% |
| Operating profit (loss) | 9901 | €241,435 | €243,941 | +€2,506 | +1.0% |
| Financial income | 75/76B | €997 | €4,316 | +€3,319 | +332.9% |
| Recurring financial income | 75 | €997 | €4,316 | +€3,319 | +332.9% |
| Financial charges | 65/66B | €5,791 | €4,819 | -€972 | -16.8% |
| Recurring financial charges | 65 | €5,791 | €4,819 | -€972 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €236,641 | €243,438 | +€6,797 | +2.9% |
| Income taxes | 67/77 | €69,702 | €72,287 | +€2,585 | +3.7% |
| Profit (loss) for the period | 9904 | €166,939 | €171,151 | +€4,212 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €166,939 | €171,151 | +€4,212 | +2.5% |
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 11 October 2026 via checked.be.