GLYVIATHO: 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.
GLYVIATHO
Largest movements
- Tangible fixed assets -€27,671
down €27,671 (-11.4%), from €242,693 to €215,022
of which Other tangible fixed assets: -€15,945
- Cash +€8,827
up €8,827 (+155%), from €5,710 to €14,536
mainly Depreciation (+€32,585) and Trade debts (+€27,872)
- Intangible fixed assets -€2,914
down €2,914 (-17.5%), from €16,628 to €13,713
- Debts after one year -€38,059
down €38,059 (-26.6%), from €143,188 to €105,129
- Trade debts +€27,872
up €27,872 (+80.3%), from €34,726 to €62,598
- Reserves -€11,011
down €11,011 (-48.7%), from €22,621 to €11,611
- Short-term financial debts -€4,596
down €4,596 (-100%), from €4,596 to €0
- Tax, wage and social debts +€3,083
up €3,083 (+20.8%), from €14,840 to €17,923
of which Remuneration and social security: +€4,160
- Gross operating margin -€41,166
down €41,166 (-20.3%), from €203,054 to €161,888
- Staff costs -€39,722
down €39,722 (-22.7%), from €174,739 to €135,017
- Depreciation -€22,209
down €22,209 (-40.5%), from €54,794 to €32,585
- Financial charges -€2,560
down €2,560 (-34.9%), from €7,346 to €4,785
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 | €282,097 | €259,716 | -€22,381 | -7.9% |
| Fixed assets | 21/28 | €259,821 | €228,736 | -€31,085 | -12.0% |
| Intangible fixed assets | 21 | €16,628 | €13,713 | -€2,914 | -17.5% |
| Tangible fixed assets | 22/27 | €242,693 | €215,022 | -€27,671 | -11.4% |
| Plant, machinery and equipment | 23 | €51,035 | €40,837 | -€10,198 | -20.0% |
| Furniture and vehicles | 24 | €8,714 | €7,185 | -€1,528 | -17.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €182,945 | €167,000 | -€15,945 | -8.7% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €22,276 | €30,981 | +€8,704 | +39.1% |
| Stocks and contracts in progress | 3 | €3,800 | €3,500 | -€300 | -7.9% |
| Stocks | 30/36 | €3,800 | €3,500 | -€300 | -7.9% |
| Amounts receivable within one year | 40/41 | €10,382 | €11,072 | +€690 | +6.6% |
| Trade receivables | 40 | €2,813 | €8,595 | +€5,781 | +205% |
| Other amounts receivable | 41 | €7,568 | €2,477 | -€5,091 | -67.3% |
| Cash at bank and in hand | 54/58 | €5,710 | €14,536 | +€8,827 | +155% |
| Deferred charges and accrued income | 490/1 | €2,385 | €1,872 | -€513 | -21.5% |
| Total equity and liabilities | 10/49 | €282,097 | €259,716 | -€22,381 | -7.9% |
| Equity | 10/15 | €42,621 | €31,611 | -€11,011 | -25.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,621 | €11,611 | -€11,011 | -48.7% |
| Distributable reserves | 133 | €22,621 | €11,611 | -€11,011 | -48.7% |
| Amounts payable | 17/49 | €239,476 | €228,106 | -€11,370 | -4.7% |
| Amounts payable after more than one year | 17 | €143,188 | €105,129 | -€38,059 | -26.6% |
| Financial debts | 170/4 | €143,188 | €105,129 | -€38,059 | -26.6% |
| Amounts payable within one year | 42/48 | €96,288 | €122,977 | +€26,689 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €39,961 | €38,059 | -€1,902 | -4.8% |
| Financial debts | 43 | €4,596 | €0 | -€4,596 | -100% |
| Credit institutions | 430/8 | €4,596 | €0 | -€4,596 | -100% |
| Trade debts | 44 | €34,726 | €62,598 | +€27,872 | +80.3% |
| Suppliers | 440/4 | €34,726 | €62,598 | +€27,872 | +80.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,840 | €17,923 | +€3,083 | +20.8% |
| Taxes | 450/3 | €2,878 | €1,801 | -€1,077 | -37.4% |
| Remuneration and social security | 454/9 | €11,962 | €16,121 | +€4,160 | +34.8% |
| Other amounts payable | 47/48 | €2,164 | €4,397 | +€2,233 | +103% |
| Non-recurring operating income | 76A | €27,073 | €0 | -€27,073 | -100% |
| Remuneration, social security and pensions | 62 | €174,739 | €135,017 | -€39,722 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,794 | €32,585 | -€22,209 | -40.5% |
| Other operating charges | 640/8 | €1,615 | €831 | -€785 | -48.6% |
| Non-recurring operating charges | 66A | €11,394 | €0 | -€11,394 | -100% |
| Gross operating margin | 9900 | €203,054 | €161,888 | -€41,166 | -20.3% |
| Operating profit (loss) | 9901 | -€39,488 | -€6,545 | +€32,943 | +83.4% |
| Financial income | 75/76B | €75 | €320 | +€245 | +325% |
| Recurring financial income | 75 | €75 | €320 | +€245 | +325% |
| Financial charges | 65/66B | €7,346 | €4,785 | -€2,560 | -34.9% |
| Recurring financial charges | 65 | €7,346 | €4,785 | -€2,560 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€46,759 | -€11,011 | +€35,748 | +76.5% |
| Income taxes | 67/77 | €46 | €0 | -€46 | -100% |
| Profit (loss) for the period | 9904 | -€46,804 | -€11,011 | +€35,793 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,804 | -€11,011 | +€35,793 | +76.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.