GLVE: 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.
GLVE
Largest movements
- Cash +€14,799
up €14,799 (+78.5%), from €18,843 to €33,643
mainly Net result for the year (+€13,890) and Depreciation (+€10,153)
- Receivables within one year +€4,596
up €4,596 (+43.4%), from €10,598 to €15,194
- Tangible fixed assets -€1,446
down €1,446 (-6.1%), from €23,568 to €22,122
of which Furniture and vehicles: -€2,520
- Reserves +€13,890
up €13,890 (+143%), from €9,687 to €23,577
- Tax, wage and social debts +€6,315
up €6,315 (+89.7%), from €7,036 to €13,351
of which Taxes: +€4,215
- Other debts -€1,921
down €1,921 (-5.9%), from €32,410 to €30,489
- Gross operating margin +€11,169
up €11,169 (+66.2%), from €16,878 to €28,048
- Depreciation +€5,578
up €5,578 (+122%), from €4,575 to €10,153
- Taxes +€1,283
up €1,283 (+50.3%), from €2,550 to €3,833
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 | €53,009 | €70,958 | +€17,949 | +33.9% |
| Fixed assets | 21/28 | €23,568 | €22,122 | -€1,446 | -6.1% |
| Tangible fixed assets | 22/27 | €23,568 | €22,122 | -€1,446 | -6.1% |
| Plant, machinery and equipment | 23 | - | €1,074 | +€1,074 | |
| Furniture and vehicles | 24 | €23,568 | €21,048 | -€2,520 | -10.7% |
| Current assets | 29/58 | €29,441 | €48,837 | +€19,396 | +65.9% |
| Amounts receivable within one year | 40/41 | €10,598 | €15,194 | +€4,596 | +43.4% |
| Trade receivables | 40 | €10,598 | €15,194 | +€4,596 | +43.4% |
| Cash at bank and in hand | 54/58 | €18,843 | €33,643 | +€14,799 | +78.5% |
| Total equity and liabilities | 10/49 | €53,009 | €70,958 | +€17,949 | +33.9% |
| Equity | 10/15 | €11,187 | €25,077 | +€13,890 | +124% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €9,687 | €23,577 | +€13,890 | +143% |
| Distributable reserves | 133 | €9,687 | €23,577 | +€13,890 | +143% |
| Amounts payable | 17/49 | €41,821 | €45,881 | +€4,060 | +9.7% |
| Amounts payable within one year | 42/48 | €41,821 | €45,881 | +€4,060 | +9.7% |
| Trade debts | 44 | €2,375 | €2,041 | -€334 | -14.1% |
| Suppliers | 440/4 | €2,375 | €2,041 | -€334 | -14.1% |
| Taxes, remuneration and social security | 45 | €7,036 | €13,351 | +€6,315 | +89.7% |
| Taxes | 450/3 | €7,036 | €11,251 | +€4,215 | +59.9% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €32,410 | €30,489 | -€1,921 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,575 | €10,153 | +€5,578 | +122% |
| Other operating charges | 640/8 | - | €87 | +€87 | |
| Gross operating margin | 9900 | €16,878 | €28,048 | +€11,169 | +66.2% |
| Operating profit (loss) | 9901 | €12,303 | €17,808 | +€5,504 | +44.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €66 | €86 | +€20 | +29.5% |
| Recurring financial charges | 65 | €66 | €86 | +€20 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €12,237 | €17,723 | +€5,485 | +44.8% |
| Income taxes | 67/77 | €2,550 | €3,833 | +€1,283 | +50.3% |
| Profit (loss) for the period | 9904 | €9,687 | €13,890 | +€4,202 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,687 | €13,890 | +€4,202 | +43.4% |
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 17 October 2026 via checked.be.