Glinjes: 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.
Glinjes
Largest movements
- Tangible fixed assets -€45,426
down €45,426 (-3.4%), from €1.3m to €1.3m
of which Land and buildings: -€45,981
- Debts after one year -€52,332
down €52,332 (-8.3%), from €631,590 to €579,258
- Gross operating margin -€20,727
down €20,727 (-18.1%), from €114,418 to €93,691
- Depreciation +€7,903
up €7,903 (+18.7%), from €42,222 to €50,125
- Financial charges -€5,296
down €5,296 (-19.2%), from €27,565 to €22,269
- Taxes -€4,214
down €4,214 (-44.6%), from €9,456 to €5,242
- Other operating charges -€2,742
down €2,742 (-50.0%), from €5,484 to €2,742
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 | €1,498,757 | €1,449,938 | -€48,819 | -3.3% |
| Fixed assets | 21/28 | €1,322,687 | €1,277,261 | -€45,426 | -3.4% |
| Tangible fixed assets | 22/27 | €1,322,687 | €1,277,261 | -€45,426 | -3.4% |
| Land and buildings | 22 | €1,322,687 | €1,276,706 | -€45,981 | -3.5% |
| Plant, machinery and equipment | 23 | - | €555 | +€555 | |
| Current assets | 29/58 | €176,070 | €172,677 | -€3,394 | -1.9% |
| Amounts receivable within one year | 40/41 | €175,522 | €170,025 | -€5,497 | -3.1% |
| Trade receivables | 40 | €767 | €8,262 | +€7,495 | +977% |
| Other amounts receivable | 41 | €174,755 | €161,763 | -€12,992 | -7.4% |
| Cash at bank and in hand | 54/58 | €548 | €740 | +€192 | +35.1% |
| Deferred charges and accrued income | 490/1 | - | €1,911 | +€1,911 | |
| Total equity and liabilities | 10/49 | €1,498,757 | €1,449,938 | -€48,819 | -3.3% |
| Equity | 10/15 | €198,559 | €212,939 | +€14,380 | +7.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €197,559 | €211,939 | +€14,380 | +7.3% |
| Distributable reserves | 133 | €197,559 | €211,939 | +€14,380 | +7.3% |
| Amounts payable | 17/49 | €1,300,198 | €1,236,998 | -€63,200 | -4.9% |
| Amounts payable after more than one year | 17 | €631,590 | €579,258 | -€52,332 | -8.3% |
| Financial debts | 170/4 | €631,590 | €579,258 | -€52,332 | -8.3% |
| Amounts payable within one year | 42/48 | €664,115 | €650,838 | -€13,277 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €56,935 | €53,173 | -€3,762 | -6.6% |
| Financial debts | 43 | €6,095 | €7,664 | +€1,569 | +25.7% |
| Credit institutions | 430/8 | €6,095 | €7,664 | +€1,569 | +25.7% |
| Trade debts | 44 | €23,265 | €15,141 | -€8,124 | -34.9% |
| Suppliers | 440/4 | €23,265 | €15,141 | -€8,124 | -34.9% |
| Taxes, remuneration and social security | 45 | €16,158 | €14,698 | -€1,460 | -9.0% |
| Taxes | 450/3 | €16,158 | €14,698 | -€1,460 | -9.0% |
| Other amounts payable | 47/48 | €561,661 | €560,161 | -€1,500 | -0.3% |
| Accrued charges and deferred income | 492/3 | €4,493 | €6,903 | +€2,410 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,222 | €50,125 | +€7,903 | +18.7% |
| Other operating charges | 640/8 | €5,484 | €2,742 | -€2,742 | -50.0% |
| Gross operating margin | 9900 | €114,418 | €93,691 | -€20,727 | -18.1% |
| Operating profit (loss) | 9901 | €66,712 | €40,824 | -€25,888 | -38.8% |
| Financial income | 75/76B | €1,145 | €1,068 | -€78 | -6.8% |
| Recurring financial income | 75 | €1,145 | €1,068 | -€78 | -6.8% |
| Financial charges | 65/66B | €27,565 | €22,269 | -€5,296 | -19.2% |
| Recurring financial charges | 65 | €27,565 | €22,269 | -€5,296 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €40,292 | €19,622 | -€20,670 | -51.3% |
| Income taxes | 67/77 | €9,456 | €5,242 | -€4,214 | -44.6% |
| Profit (loss) for the period | 9904 | €30,836 | €14,380 | -€16,456 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,836 | €14,380 | -€16,456 | -53.4% |
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 16 October 2026 via checked.be.