GLYNDELA: 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.
GLYNDELA
Largest movements
- Cash -€339,448
down €339,448 (-75.5%), from €449,466 to €110,018
mainly Current investments (-€261,085) and Tax, wage and social debts (-€33,219)
- Current investments +€261,085
new in 2025: €261,085
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€180,063
down €180,063 (-87.7%), from €205,226 to €25,163
- Gross operating margin -€73,198
down €73,198, from €41,086 to -€32,112
- Turnover -€64,125
down €64,125 (-78.4%), from €81,806 to €17,681
- Taxes -€22,462
down €22,462 (-99.3%), from €22,627 to €165
- Purchases and services -€5,896
down €5,896 (-10.3%), from €57,518 to €51,622
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 | €4,370,859 | €4,282,627 | -€88,232 | -2.0% |
| Fixed assets | 21/28 | €3,905,007 | €3,904,384 | -€623 | 0.0% |
| Tangible fixed assets | 22/27 | €2,392 | €1,769 | -€623 | -26.0% |
| Plant, machinery and equipment | 23 | €1,516 | €1,174 | -€342 | -22.6% |
| Furniture and vehicles | 24 | €876 | €595 | -€281 | -32.1% |
| Financial fixed assets | 28 | €3,902,615 | €3,902,615 | = | 0.0% |
| Current assets | 29/58 | €465,852 | €378,243 | -€87,609 | -18.8% |
| Amounts receivable within one year | 40/41 | €16,386 | €7,140 | -€9,246 | -56.4% |
| Trade receivables | 40 | €16,344 | €7,140 | -€9,204 | -56.3% |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Current investments | 50/53 | - | €261,085 | +€261,085 | |
| Cash at bank and in hand | 54/58 | €449,466 | €110,018 | -€339,448 | -75.5% |
| Total equity and liabilities | 10/49 | €4,370,859 | €4,282,627 | -€88,232 | -2.0% |
| Equity | 10/15 | €3,148,247 | €3,118,760 | -€29,487 | -0.9% |
| Contributions | 10/11 | €2,133,232 | €2,133,232 | = | 0.0% |
| Reserves | 13 | €1,015,015 | €985,528 | -€29,487 | -2.9% |
| Non-distributable reserves | 130/1 | €40,381 | €40,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,381 | €40,381 | = | 0.0% |
| Distributable reserves | 133 | €974,634 | €945,147 | -€29,487 | -3.0% |
| Amounts payable | 17/49 | €1,222,612 | €1,163,867 | -€58,745 | -4.8% |
| Amounts payable after more than one year | 17 | €1,143,216 | €1,143,216 | = | 0.0% |
| Financial debts | 170/4 | €1,143,216 | €1,143,216 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,396 | €20,651 | -€58,745 | -74.0% |
| Trade debts | 44 | €1,247 | €554 | -€693 | -55.6% |
| Suppliers | 440/4 | €1,247 | €554 | -€693 | -55.6% |
| Taxes, remuneration and social security | 45 | €34,316 | €1,097 | -€33,219 | -96.8% |
| Taxes | 450/3 | €34,316 | €1,097 | -€33,219 | -96.8% |
| Other amounts payable | 47/48 | €43,833 | €19,000 | -€24,833 | -56.7% |
| Turnover | 70 | €81,806 | €17,681 | -€64,125 | -78.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €57,518 | €51,622 | -€5,896 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €623 | +€148 | +31.2% |
| Other operating charges | 640/8 | €1,603 | €1,480 | -€123 | -7.7% |
| Gross operating margin | 9900 | €41,086 | -€32,112 | -€73,198 | |
| Operating profit (loss) | 9901 | €39,008 | -€34,215 | -€73,223 | |
| Financial income | 75/76B | €205,226 | €25,163 | -€180,063 | -87.7% |
| Recurring financial income | 75 | €205,226 | €25,163 | -€180,063 | -87.7% |
| Financial charges | 65/66B | €69 | €270 | +€201 | +291% |
| Recurring financial charges | 65 | €69 | €270 | +€201 | +291% |
| Profit (loss) for the period before taxes | 9903 | €244,165 | -€9,322 | -€253,487 | |
| Income taxes | 67/77 | €22,627 | €165 | -€22,462 | -99.3% |
| Profit (loss) for the period | 9904 | €221,538 | -€9,487 | -€231,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €221,538 | -€9,487 | -€231,025 |
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 26 October 2026 via checked.be.