Glymur: 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.
Glymur
Largest movements
- Current investments +€203,210
new in 2025: €203,210
- Cash -€47,306
down €47,306 (-6.2%), from €761,319 to €714,013
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€203,210)
- Tangible fixed assets -€18,248
down €18,248 (-35.6%), from €51,280 to €33,033
of which Leasing and similar rights: -€11,793
- Receivables within one year -€12,785
down €12,785 (-13.8%), from €92,785 to €80,000
of which Other amounts receivable: -€12,785
- Other debts +€835,780
new in 2025: €835,780
- Profit (loss) carried forward -€722,099
no longer reported in 2025 (was €722,099)
- Reserves +€100,011
up €100,011 (+62.5%), from €160,000 to €260,011
- Trade debts -€58,426
down €58,426 (-89.0%), from €65,645 to €7,219
- Accrued charges and deferred income -€32,242
down €32,242 (-22.3%), from €144,742 to €112,500
- Gross operating margin +€179,100
up €179,100 (+29.5%), from €607,378 to €786,478
- Taxes +€55,085
up €55,085 (+38.1%), from €144,754 to €199,839
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 | €1,127,627 | €1,260,095 | +€132,469 | +11.7% |
| Fixed assets | 21/28 | €51,280 | €33,033 | -€18,248 | -35.6% |
| Tangible fixed assets | 22/27 | €51,280 | €33,033 | -€18,248 | -35.6% |
| Plant, machinery and equipment | 23 | €933 | €632 | -€301 | -32.3% |
| Furniture and vehicles | 24 | €15,047 | €8,893 | -€6,154 | -40.9% |
| Leasing and similar rights | 25 | €35,301 | €23,508 | -€11,793 | -33.4% |
| Current assets | 29/58 | €1,076,346 | €1,227,063 | +€150,717 | +14.0% |
| Amounts receivable within one year | 40/41 | €92,785 | €80,000 | -€12,785 | -13.8% |
| Trade receivables | 40 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 41 | €12,785 | - | -€12,785 | |
| Current investments | 50/53 | - | €203,210 | +€203,210 | |
| Cash at bank and in hand | 54/58 | €761,319 | €714,013 | -€47,306 | -6.2% |
| Deferred charges and accrued income | 490/1 | €222,242 | €229,840 | +€7,598 | +3.4% |
| Total equity and liabilities | 10/49 | €1,127,627 | €1,260,095 | +€132,469 | +11.7% |
| Equity | 10/15 | €882,219 | €260,131 | -€622,088 | -70.5% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €160,000 | €260,011 | +€100,011 | +62.5% |
| Distributable reserves | 133 | €160,000 | €260,011 | +€100,011 | +62.5% |
| Profit (loss) carried forward | 14 | €722,099 | - | -€722,099 | |
| Amounts payable | 17/49 | €245,408 | €999,964 | +€754,557 | +307.5% |
| Amounts payable after more than one year | 17 | €23,215 | €11,200 | -€12,015 | -51.8% |
| Financial debts | 170/4 | €23,215 | €11,200 | -€12,015 | -51.8% |
| Amounts payable within one year | 42/48 | €77,452 | €876,265 | +€798,813 | +1031.4% |
| Current portion of amounts payable after more than one year | 42 | €11,807 | €12,015 | +€208 | +1.8% |
| Trade debts | 44 | €65,645 | €7,219 | -€58,426 | -89.0% |
| Suppliers | 440/4 | €65,645 | €7,219 | -€58,426 | -89.0% |
| Taxes, remuneration and social security | 45 | - | €21,251 | +€21,251 | |
| Taxes | 450/3 | - | €21,251 | +€21,251 | |
| Other amounts payable | 47/48 | - | €835,780 | +€835,780 | |
| Accrued charges and deferred income | 492/3 | €144,742 | €112,500 | -€32,242 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,803 | €21,685 | -€119 | -0.5% |
| Other operating charges | 640/8 | €3,793 | €4,649 | +€856 | +22.6% |
| Gross operating margin | 9900 | €607,378 | €786,478 | +€179,100 | +29.5% |
| Operating profit (loss) | 9901 | €581,782 | €760,144 | +€178,362 | +30.7% |
| Financial income | 75/76B | €923 | €456 | -€467 | -50.6% |
| Recurring financial income | 75 | €923 | €456 | -€467 | -50.6% |
| Financial charges | 65/66B | €1,090 | €750 | -€340 | -31.2% |
| Recurring financial charges | 65 | €1,090 | €750 | -€340 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €581,615 | €759,850 | +€178,235 | +30.6% |
| Income taxes | 67/77 | €144,754 | €199,839 | +€55,085 | +38.1% |
| Profit (loss) for the period | 9904 | €436,860 | €560,011 | +€123,150 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €436,860 | €560,011 | +€123,150 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.