GLENSON: what changed
GLENSON
Largest movements
- Receivables within one year +€36,870
up €36,870 (+81.9%), from €45,035 to €81,905
of which Other amounts receivable: +€35,660
- Profit (loss) carried forward +€24,939
up €24,939 (+133%), from €18,745 to €43,684
- Tax, wage and social debts +€8,866
up €8,866 (+375%), from €2,363 to €11,229
- Trade debts +€2,582
up €2,582 (+130%), from €1,986 to €4,568
- Gross operating margin +€18,303
up €18,303 (+57.0%), from €32,089 to €50,392
- Taxes +€7,710
up €7,710 (+138%), from €5,581 to €13,291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Current assets | 29/58 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Amounts receivable within one year | 40/41 | €45,035 | €81,905 | +€36,870 | +81.9% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €45,035 | €80,695 | +€35,660 | +79.2% |
| Cash at bank and in hand | 54/58 | - | €154 | +€154 | |
| Deferred charges and accrued income | 490/1 | €522 | €552 | +€30 | +5.7% |
| Total equity and liabilities | 10/49 | €45,557 | €82,611 | +€37,054 | +81.3% |
| Equity | 10/15 | €39,315 | €64,254 | +€24,939 | +63.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,970 | €1,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,745 | €43,684 | +€24,939 | +133% |
| Amounts payable | 17/49 | €6,242 | €18,357 | +€12,115 | +194% |
| Amounts payable within one year | 42/48 | €6,242 | €18,357 | +€12,115 | +194% |
| Financial debts | 43 | €1,333 | €2,000 | +€667 | +50.0% |
| Credit institutions | 430/8 | €1,333 | €2,000 | +€667 | +50.0% |
| Trade debts | 44 | €1,986 | €4,568 | +€2,582 | +130% |
| Suppliers | 440/4 | €1,986 | €4,568 | +€2,582 | +130% |
| Taxes, remuneration and social security | 45 | €2,363 | €11,229 | +€8,866 | +375% |
| Taxes | 450/3 | €2,363 | €11,229 | +€8,866 | +375% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Other operating charges | 640/8 | €1,101 | €1,184 | +€83 | +7.5% |
| Gross operating margin | 9900 | €32,089 | €50,392 | +€18,303 | +57.0% |
| Operating profit (loss) | 9901 | €30,988 | €49,208 | +€18,220 | +58.8% |
| Financial income | 75/76B | €13 | €14 | +€1 | +7.7% |
| Recurring financial income | 75 | €13 | €14 | +€1 | +7.7% |
| Financial charges | 65/66B | €1,285 | €992 | -€293 | -22.8% |
| Recurring financial charges | 65 | €1,285 | €992 | -€293 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €29,716 | €48,230 | +€18,514 | +62.3% |
| Income taxes | 67/77 | €5,581 | €13,291 | +€7,710 | +138% |
| Profit (loss) for the period | 9904 | €24,135 | €34,939 | +€10,804 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,135 | €34,939 | +€10,804 | +44.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.