GLUNBERSH: 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.
GLUNBERSH
Largest movements
- Cash -€24,407
down €24,407 (-6.8%), from €361,492 to €337,085
mainly Net result for the year (-€27,925) and Other debts (-€7,029)
- Receivables within one year -€9,131
down €9,131 (-16.7%), from €54,519 to €45,388
of which Trade receivables: -€9,840
- Profit (loss) carried forward -€27,925
down €27,925 (-5.0%), from -€555,978 to -€583,903
- Other debts -€7,029
down €7,029 (-0.7%), from €1.0m to €1.0m
- Gross operating margin +€35,984
up €35,984 (+56.4%), from -€63,804 to -€27,820
- Other operating charges -€4,660
no longer reported in 2025 (was €4,660)
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 | €453,935 | €420,397 | -€33,538 | -7.4% |
| Fixed assets | 21/28 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €453,235 | €419,697 | -€33,538 | -7.4% |
| Stocks and contracts in progress | 3 | €36,602 | €36,602 | = | 0.0% |
| Stocks | 30/36 | €36,602 | €36,602 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,519 | €45,388 | -€9,131 | -16.7% |
| Trade receivables | 40 | €41,653 | €31,813 | -€9,840 | -23.6% |
| Other amounts receivable | 41 | €12,866 | €13,576 | +€709 | +5.5% |
| Cash at bank and in hand | 54/58 | €361,492 | €337,085 | -€24,407 | -6.8% |
| Deferred charges and accrued income | 490/1 | €622 | €622 | = | 0.0% |
| Total equity and liabilities | 10/49 | €453,935 | €420,397 | -€33,538 | -7.4% |
| Equity | 10/15 | -€555,978 | -€583,903 | -€27,925 | -5.0% |
| Profit (loss) carried forward | 14 | -€555,978 | -€583,903 | -€27,925 | -5.0% |
| Amounts payable | 17/49 | €1,009,913 | €1,004,300 | -€5,613 | -0.6% |
| Amounts payable within one year | 42/48 | €1,009,913 | €1,004,300 | -€5,613 | -0.6% |
| Trade debts | 44 | €290 | €161 | -€129 | -44.5% |
| Suppliers | 440/4 | €290 | €161 | -€129 | -44.5% |
| Taxes, remuneration and social security | 45 | €2,182 | €3,727 | +€1,545 | +70.8% |
| Taxes | 450/3 | €2,182 | €727 | -€1,455 | -66.7% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €1,007,441 | €1,000,412 | -€7,029 | -0.7% |
| Other operating charges | 640/8 | €4,660 | - | -€4,660 | |
| Non-recurring operating charges | 66A | -€528 | - | +€528 | |
| Gross operating margin | 9900 | -€63,804 | -€27,820 | +€35,984 | +56.4% |
| Operating profit (loss) | 9901 | -€67,937 | -€27,820 | +€40,116 | +59.0% |
| Financial charges | 65/66B | €155 | €105 | -€50 | -32.0% |
| Recurring financial charges | 65 | €155 | €105 | -€50 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€68,091 | -€27,925 | +€40,166 | +59.0% |
| Profit (loss) for the period | 9904 | -€68,091 | -€27,925 | +€40,166 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,091 | -€27,925 | +€40,166 | +59.0% |
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 30 October 2026 via checked.be.