GLOREVA: 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.
GLOREVA
Largest movements
- Tangible fixed assets -€1,753
down €1,753 (-1.7%), from €104,592 to €102,838
of which Land and buildings: -€1,753
- Cash +€1,601
up €1,601 (+43.8%), from €3,656 to €5,257
mainly Depreciation (+€1,753) and Net result for the year (+€1,600)
- Other debts -€1,720
down €1,720 (-6.2%), from €27,594 to €25,875
- Profit (loss) carried forward +€1,600
up €1,600 (+4.5%), from -€35,917 to -€34,317
- Gross operating margin +€640
up €640 (+11.6%), from €5,516 to €6,156
- Purchases and services -€640
down €640 (-12.8%), from €5,004 to €4,364
- Depreciation -€161
down €161 (-8.4%), from €1,914 to €1,753
- Other operating charges +€83
up €83 (+3.1%), from €2,684 to €2,767
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 | €108,258 | €108,106 | -€152 | -0.1% |
| Fixed assets | 21/28 | €104,592 | €102,838 | -€1,753 | -1.7% |
| Tangible fixed assets | 22/27 | €104,592 | €102,838 | -€1,753 | -1.7% |
| Land and buildings | 22 | €104,592 | €102,838 | -€1,753 | -1.7% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Current assets | 29/58 | €3,666 | €5,267 | +€1,601 | +43.7% |
| Amounts receivable within one year | 40/41 | €11 | €11 | = | 0.0% |
| Other amounts receivable | 41 | €11 | €11 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,656 | €5,257 | +€1,601 | +43.8% |
| Total equity and liabilities | 10/49 | €108,258 | €108,106 | -€152 | -0.1% |
| Equity | 10/15 | €80,631 | €82,231 | +€1,600 | +2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €54,548 | €54,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €48,348 | €48,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,917 | -€34,317 | +€1,600 | +4.5% |
| Amounts payable | 17/49 | €27,627 | €25,875 | -€1,752 | -6.3% |
| Amounts payable within one year | 42/48 | €27,627 | €25,875 | -€1,752 | -6.3% |
| Trade debts | 44 | €32 | - | -€32 | |
| Suppliers | 440/4 | €32 | - | -€32 | |
| Other amounts payable | 47/48 | €27,594 | €25,875 | -€1,720 | -6.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,004 | €4,364 | -€640 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €1,753 | -€161 | -8.4% |
| Other operating charges | 640/8 | €2,684 | €2,767 | +€83 | +3.1% |
| Gross operating margin | 9900 | €5,516 | €6,156 | +€640 | +11.6% |
| Operating profit (loss) | 9901 | €918 | €1,636 | +€719 | +78.3% |
| Financial income | 75/76B | €20 | €70 | +€51 | +257.9% |
| Recurring financial income | 75 | €20 | €70 | +€51 | +257.9% |
| Financial charges | 65/66B | €73 | €107 | +€34 | +46.4% |
| Recurring financial charges | 65 | €73 | €107 | +€34 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €864 | €1,600 | +€735 | +85.1% |
| Profit (loss) for the period | 9904 | €864 | €1,600 | +€735 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €864 | €1,600 | +€735 | +85.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.