GLYVITHO: 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.
GLYVITHO
Largest movements
- Tangible fixed assets -€51,193
down €51,193 (-20.2%), from €253,205 to €202,011
of which Furniture and vehicles: -€32,233
- Cash -€7,263
down €7,263 (-20.7%), from €35,033 to €27,770
mainly Debts after one year (-€59,237) and Current portion of long-term debt (-€9,179)
- Receivables within one year +€3,698
up €3,698 (+10.4%), from €35,511 to €39,210
of which Trade receivables: +€3,700
- Debts after one year -€59,237
down €59,237 (-32.6%), from €181,752 to €122,515
- Reserves +€13,865
up €13,865 (+70.5%), from €19,673 to €33,537
of which Distributable reserves: +€13,865
- Current portion of long-term debt -€9,179
down €9,179 (-18.7%), from €49,007 to €39,827
- Tax, wage and social debts -€3,345
down €3,345 (-18.4%), from €18,140 to €14,795
of which Taxes: -€2,094
- Depreciation -€11,194
down €11,194 (-31.7%), from €35,341 to €24,147
- Staff costs -€6,342
down €6,342 (-5.3%), from €119,568 to €113,226
- Taxes +€3,337
up €3,337 (+300%), from €1,113 to €4,450
- Gross operating margin +€2,153
up €2,153 (+1.3%), from €167,136 to €169,289
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 | €334,021 | €274,894 | -€59,127 | -17.7% |
| Fixed assets | 21/28 | €259,809 | €205,415 | -€54,394 | -20.9% |
| Intangible fixed assets | 21 | €6,604 | €3,404 | -€3,200 | -48.5% |
| Tangible fixed assets | 22/27 | €253,205 | €202,011 | -€51,193 | -20.2% |
| Land and buildings | 22 | €213,691 | €197,650 | -€16,040 | -7.5% |
| Plant, machinery and equipment | 23 | €5,746 | €2,826 | -€2,920 | -50.8% |
| Furniture and vehicles | 24 | €33,768 | €1,535 | -€32,233 | -95.5% |
| Current assets | 29/58 | €74,212 | €69,479 | -€4,733 | -6.4% |
| Stocks and contracts in progress | 3 | €2,750 | €2,500 | -€250 | -9.1% |
| Stocks | 30/36 | €2,750 | €2,500 | -€250 | -9.1% |
| Amounts receivable within one year | 40/41 | €35,511 | €39,210 | +€3,698 | +10.4% |
| Trade receivables | 40 | €2,193 | €5,893 | +€3,700 | +169% |
| Other amounts receivable | 41 | €33,318 | €33,317 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €35,033 | €27,770 | -€7,263 | -20.7% |
| Deferred charges and accrued income | 490/1 | €918 | €0 | -€918 | -100% |
| Total equity and liabilities | 10/49 | €334,021 | €274,894 | -€59,127 | -17.7% |
| Equity | 10/15 | €63,673 | €77,537 | +€13,865 | +21.8% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €19,673 | €33,537 | +€13,865 | +70.5% |
| Tax-exempt reserves | 132 | €16,450 | €16,450 | = | 0.0% |
| Distributable reserves | 133 | €3,223 | €17,087 | +€13,865 | +430% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €270,349 | €197,357 | -€72,991 | -27.0% |
| Amounts payable after more than one year | 17 | €181,752 | €122,515 | -€59,237 | -32.6% |
| Financial debts | 170/4 | €181,752 | €122,515 | -€59,237 | -32.6% |
| Amounts payable within one year | 42/48 | €88,470 | €74,842 | -€13,628 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €49,007 | €39,827 | -€9,179 | -18.7% |
| Trade debts | 44 | €21,323 | €20,220 | -€1,104 | -5.2% |
| Suppliers | 440/4 | €21,323 | €20,220 | -€1,104 | -5.2% |
| Taxes, remuneration and social security | 45 | €18,140 | €14,795 | -€3,345 | -18.4% |
| Taxes | 450/3 | €8,059 | €5,965 | -€2,094 | -26.0% |
| Remuneration and social security | 454/9 | €10,082 | €8,830 | -€1,251 | -12.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Remuneration, social security and pensions | 62 | €119,568 | €113,226 | -€6,342 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,341 | €24,147 | -€11,194 | -31.7% |
| Other operating charges | 640/8 | €2,011 | €2,190 | +€179 | +8.9% |
| Non-recurring operating charges | 66A | €0 | €6,280 | +€6,280 | |
| Gross operating margin | 9900 | €167,136 | €169,289 | +€2,153 | +1.3% |
| Operating profit (loss) | 9901 | €10,216 | €23,447 | +€13,231 | +130% |
| Financial income | 75/76B | €31 | €41 | +€10 | +32.3% |
| Recurring financial income | 75 | €31 | €41 | +€10 | +32.3% |
| Financial charges | 65/66B | €5,910 | €5,172 | -€738 | -12.5% |
| Recurring financial charges | 65 | €5,910 | €5,172 | -€738 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,336 | €18,315 | +€13,979 | +322% |
| Income taxes | 67/77 | €1,113 | €4,450 | +€3,337 | +300% |
| Profit (loss) for the period | 9904 | €3,223 | €13,865 | +€10,642 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €3,223 | €13,865 | +€10,642 | +330% |
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 19 October 2026 via checked.be.