Glynn Associates: 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.
Glynn Associates
Largest movements
- Cash +€62,441
up €62,441 (+149%), from €41,897 to €104,338
mainly Net result for the year (+€70,924) and Advances received (+€1,857)
- Receivables within one year +€5,546
new in 2025: €5,546
of which Other amounts receivable: +€4,011
- Reserves +€70,091
up €70,091 (+303%), from €23,114 to €93,205
- Other debts -€1,928
down €1,928 (-69.8%), from €2,761 to €833
- Advances received +€1,857
new in 2025: €1,857
- Gross operating margin +€65,207
up €65,207 (+199%), from €32,829 to €98,036
- Taxes +€18,131
up €18,131 (+204%), from €8,876 to €27,007
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 | €41,897 | €111,028 | +€69,132 | +165% |
| Fixed assets | 21/28 | - | €1,098 | +€1,098 | |
| Tangible fixed assets | 22/27 | - | €1,098 | +€1,098 | |
| Furniture and vehicles | 24 | - | €1,098 | +€1,098 | |
| Current assets | 29/58 | €41,897 | €109,930 | +€68,034 | +162% |
| Amounts receivable within one year | 40/41 | - | €5,546 | +€5,546 | |
| Trade receivables | 40 | - | €1,535 | +€1,535 | |
| Other amounts receivable | 41 | - | €4,011 | +€4,011 | |
| Cash at bank and in hand | 54/58 | €41,897 | €104,338 | +€62,441 | +149% |
| Deferred charges and accrued income | 490/1 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €41,897 | €111,028 | +€69,132 | +165% |
| Equity | 10/15 | €25,114 | €95,205 | +€70,091 | +279% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,114 | €93,205 | +€70,091 | +303% |
| Distributable reserves | 133 | €23,114 | €93,205 | +€70,091 | +303% |
| Amounts payable | 17/49 | €16,783 | €15,823 | -€960 | -5.7% |
| Amounts payable within one year | 42/48 | €16,783 | €15,823 | -€960 | -5.7% |
| Trade debts | 44 | €148 | €169 | +€21 | +14.2% |
| Suppliers | 440/4 | €148 | €169 | +€21 | +14.2% |
| Advances received on contracts in progress | 46 | - | €1,857 | +€1,857 | |
| Taxes, remuneration and social security | 45 | €13,874 | €12,964 | -€910 | -6.6% |
| Taxes | 450/3 | €13,874 | €12,964 | -€910 | -6.6% |
| Other amounts payable | 47/48 | €2,761 | €833 | -€1,928 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €32,829 | €98,036 | +€65,207 | +199% |
| Operating profit (loss) | 9901 | €32,829 | €97,978 | +€65,149 | +198% |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €7 | €129 | +€122 | +1,811% |
| Recurring financial charges | 65 | €7 | €129 | +€122 | +1,811% |
| Profit (loss) for the period before taxes | 9903 | €32,823 | €97,931 | +€65,109 | +198% |
| Income taxes | 67/77 | €8,876 | €27,007 | +€18,131 | +204% |
| Profit (loss) for the period | 9904 | €23,947 | €70,924 | +€46,977 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €23,947 | €70,924 | +€46,977 | +196% |
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 23 October 2026 via checked.be.