GLIMPSE: 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.
GLIMPSE
Largest movements
- Receivables after one year +€500,000
new in 2025: €500,000
- Current investments -€400,000
down €400,000 (-72.7%), from €550,000 to €150,000
- Cash +€44,042
up €44,042 (+30.9%), from €142,601 to €186,643
mainly Current investments (+€400,000) and Net result for the year (+€139,261)
- Tangible fixed assets -€16,438
down €16,438 (-31.0%), from €52,962 to €36,524
- Receivables within one year +€11,636
up €11,636 (+47.6%), from €24,435 to €36,071
- Reserves +€139,261
up €139,261 (+19.1%), from €730,147 to €869,408
- Gross operating margin +€43,851
up €43,851 (+28.2%), from €155,227 to €199,077
- Taxes +€15,492
up €15,492 (+35.0%), from €44,297 to €59,789
- Financial income +€4,252
up €4,252 (+29.7%), from €14,301 to €18,552
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 | €774,615 | €922,105 | +€147,490 | +19.0% |
| Fixed assets | 21/28 | €52,962 | €36,524 | -€16,438 | -31.0% |
| Tangible fixed assets | 22/27 | €52,962 | €36,524 | -€16,438 | -31.0% |
| Furniture and vehicles | 24 | €52,962 | €36,524 | -€16,438 | -31.0% |
| Current assets | 29/58 | €721,653 | €885,581 | +€163,928 | +22.7% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Amounts receivable within one year | 40/41 | €24,435 | €36,071 | +€11,636 | +47.6% |
| Trade receivables | 40 | €24,435 | €36,071 | +€11,636 | +47.6% |
| Current investments | 50/53 | €550,000 | €150,000 | -€400,000 | -72.7% |
| Cash at bank and in hand | 54/58 | €142,601 | €186,643 | +€44,042 | +30.9% |
| Deferred charges and accrued income | 490/1 | €4,617 | €12,867 | +€8,250 | +179% |
| Total equity and liabilities | 10/49 | €774,615 | €922,105 | +€147,490 | +19.0% |
| Equity | 10/15 | €742,647 | €881,908 | +€139,261 | +18.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €730,147 | €869,408 | +€139,261 | +19.1% |
| Distributable reserves | 133 | €730,147 | €869,408 | +€139,261 | +19.1% |
| Amounts payable | 17/49 | €31,968 | €40,196 | +€8,229 | +25.7% |
| Amounts payable within one year | 42/48 | €31,968 | €38,435 | +€6,468 | +20.2% |
| Trade debts | 44 | €650 | €2,157 | +€1,507 | +232% |
| Suppliers | 440/4 | €650 | €2,157 | +€1,507 | +232% |
| Taxes, remuneration and social security | 45 | €25,022 | €32,863 | +€7,841 | +31.3% |
| Taxes | 450/3 | €25,022 | €32,863 | +€7,841 | +31.3% |
| Other amounts payable | 47/48 | €6,296 | €3,415 | -€2,881 | -45.8% |
| Accrued charges and deferred income | 492/3 | - | €1,761 | +€1,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,438 | €16,438 | = | 0.0% |
| Other operating charges | 640/8 | €1,170 | €1,044 | -€126 | -10.8% |
| Gross operating margin | 9900 | €155,227 | €199,077 | +€43,851 | +28.2% |
| Operating profit (loss) | 9901 | €137,618 | €181,595 | +€43,977 | +32.0% |
| Financial income | 75/76B | €14,301 | €18,552 | +€4,252 | +29.7% |
| Recurring financial income | 75 | €14,301 | €18,552 | +€4,252 | +29.7% |
| Financial charges | 65/66B | €74 | €1,098 | +€1,024 | +1,386% |
| Recurring financial charges | 65 | €74 | €1,098 | +€1,024 | +1,386% |
| Profit (loss) for the period before taxes | 9903 | €151,845 | €199,050 | +€47,205 | +31.1% |
| Income taxes | 67/77 | €44,297 | €59,789 | +€15,492 | +35.0% |
| Profit (loss) for the period | 9904 | €107,548 | €139,261 | +€31,713 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,548 | €139,261 | +€31,713 | +29.5% |
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 30 October 2026 via checked.be.