GLYnvest: 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.
GLYnvest
Largest movements
- Cash +€36,209
up €36,209 (+52.6%), from €68,806 to €105,015
mainly Other debts (+€79,892) and Net result for the year (+€30,492)
- Receivables within one year +€7,088
up €7,088 (+48.7%), from €14,543 to €21,630
of which Other amounts receivable: +€7,225
- Other debts +€79,892
up €79,892 (+73,667%), from €108 to €80,000
- Profit (loss) carried forward -€49,508
down €49,508 (-67.1%), from €73,800 to €24,292
- Trade debts +€12,224
up €12,224 (+553%), from €2,209 to €14,433
- Gross operating margin +€12,392
up €12,392 (+39.1%), from €31,730 to €44,122
- Taxes +€3,125
up €3,125 (+37.9%), from €8,251 to €11,376
- Financial income +€1,404
up €1,404 (+358%), from €392 to €1,796
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 | €115,120 | €158,771 | +€43,651 | +37.9% |
| Fixed assets | 21/28 | €3,445 | €1,899 | -€1,546 | -44.9% |
| Tangible fixed assets | 22/27 | €3,445 | €1,899 | -€1,546 | -44.9% |
| Plant, machinery and equipment | 23 | €69 | €0 | -€69 | -100% |
| Furniture and vehicles | 24 | €3,376 | €1,899 | -€1,477 | -43.7% |
| Current assets | 29/58 | €111,675 | €156,871 | +€45,197 | +40.5% |
| Amounts receivable after more than one year | 29 | €25,897 | €27,286 | +€1,390 | +5.4% |
| Other amounts receivable | 291 | €25,897 | €27,286 | +€1,390 | +5.4% |
| Amounts receivable within one year | 40/41 | €14,543 | €21,630 | +€7,088 | +48.7% |
| Trade receivables | 40 | €14,543 | €14,405 | -€137 | -0.9% |
| Other amounts receivable | 41 | - | €7,225 | +€7,225 | |
| Cash at bank and in hand | 54/58 | €68,806 | €105,015 | +€36,209 | +52.6% |
| Deferred charges and accrued income | 490/1 | €2,430 | €2,940 | +€510 | +21.0% |
| Total equity and liabilities | 10/49 | €115,120 | €158,771 | +€43,651 | +37.9% |
| Equity | 10/15 | €95,800 | €46,292 | -€49,508 | -51.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,800 | €24,292 | -€49,508 | -67.1% |
| Amounts payable | 17/49 | €19,320 | €112,479 | +€93,159 | +482% |
| Amounts payable within one year | 42/48 | €18,254 | €110,912 | +€92,658 | +508% |
| Trade debts | 44 | €2,209 | €14,433 | +€12,224 | +553% |
| Suppliers | 440/4 | €2,209 | €14,433 | +€12,224 | +553% |
| Taxes, remuneration and social security | 45 | €15,937 | €16,479 | +€542 | +3.4% |
| Taxes | 450/3 | €15,937 | €16,479 | +€542 | +3.4% |
| Other amounts payable | 47/48 | €108 | €80,000 | +€79,892 | +73,667% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,567 | +€501 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,356 | -€310 | -18.6% |
| Other operating charges | 640/8 | €569 | €928 | +€359 | +63.0% |
| Non-recurring operating charges | 66A | - | €189 | +€189 | |
| Gross operating margin | 9900 | €31,730 | €44,122 | +€12,392 | +39.1% |
| Operating profit (loss) | 9901 | €29,494 | €41,648 | +€12,154 | +41.2% |
| Financial income | 75/76B | €392 | €1,796 | +€1,404 | +358% |
| Recurring financial income | 75 | €392 | €1,796 | +€1,404 | +358% |
| Financial charges | 65/66B | €1,796 | €1,576 | -€220 | -12.2% |
| Recurring financial charges | 65 | €1,796 | €1,576 | -€220 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €28,090 | €41,867 | +€13,777 | +49.0% |
| Income taxes | 67/77 | €8,251 | €11,376 | +€3,125 | +37.9% |
| Profit (loss) for the period | 9904 | €19,839 | €30,492 | +€10,653 | +53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,839 | €30,492 | +€10,653 | +53.7% |
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 18 October 2026 via checked.be.