BN GLOBAL: 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.
BN GLOBAL
Largest movements
- Receivables within one year +€71,583
up €71,583 (+137%), from €52,242 to €123,825
of which Other amounts receivable: +€71,438
- Cash -€16,663
down €16,663 (-13.9%), from €119,954 to €103,291
mainly Receivables within one year (-€71,583) and Investment in fixed assets (net) (-€12,084)
- Tangible fixed assets +€9,982
up €9,982 (+459%), from €2,177 to €12,158
of which Plant, machinery and equipment: +€10,242
- Profit (loss) carried forward +€60,516
up €60,516 (+45.6%), from €132,849 to €193,365
- Tax, wage and social debts +€4,035
up €4,035 (+10.0%), from €40,174 to €44,209
of which Taxes: +€6,535
- Gross operating margin +€37,757
up €37,757 (+84.5%), from €44,678 to €82,435
- Taxes +€12,507
up €12,507 (+120%), from €10,430 to €22,937
- Financial income +€2,011
up €2,011 (+104%), from €1,932 to €3,943
- Depreciation +€1,582
up €1,582 (+304%), from €520 to €2,102
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 | €175,289 | €240,246 | +€64,957 | +37.1% |
| Fixed assets | 21/28 | €2,177 | €12,158 | +€9,982 | +459% |
| Tangible fixed assets | 22/27 | €2,177 | €12,158 | +€9,982 | +459% |
| Plant, machinery and equipment | 23 | €1,565 | €11,808 | +€10,242 | +654% |
| Furniture and vehicles | 24 | €611 | €350 | -€261 | -42.7% |
| Current assets | 29/58 | €173,112 | €228,088 | +€54,975 | +31.8% |
| Amounts receivable within one year | 40/41 | €52,242 | €123,825 | +€71,583 | +137% |
| Trade receivables | 40 | €16,962 | €17,108 | +€145 | +0.9% |
| Other amounts receivable | 41 | €35,280 | €106,717 | +€71,438 | +202% |
| Cash at bank and in hand | 54/58 | €119,954 | €103,291 | -€16,663 | -13.9% |
| Deferred charges and accrued income | 490/1 | €917 | €972 | +€56 | +6.1% |
| Total equity and liabilities | 10/49 | €175,289 | €240,246 | +€64,957 | +37.1% |
| Equity | 10/15 | €133,849 | €194,365 | +€60,516 | +45.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,849 | €193,365 | +€60,516 | +45.6% |
| Amounts payable | 17/49 | €41,440 | €45,881 | +€4,441 | +10.7% |
| Amounts payable within one year | 42/48 | €41,440 | €45,531 | +€4,091 | +9.9% |
| Trade debts | 44 | €1,267 | €1,322 | +€55 | +4.4% |
| Suppliers | 440/4 | €1,267 | €1,322 | +€55 | +4.4% |
| Taxes, remuneration and social security | 45 | €40,174 | €44,209 | +€4,035 | +10.0% |
| Taxes | 450/3 | €37,674 | €44,209 | +€6,535 | +17.3% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €2,102 | +€1,582 | +304% |
| Other operating charges | 640/8 | €515 | €398 | -€116 | -22.6% |
| Gross operating margin | 9900 | €44,678 | €82,435 | +€37,757 | +84.5% |
| Operating profit (loss) | 9901 | €43,643 | €79,934 | +€36,291 | +83.2% |
| Financial income | 75/76B | €1,932 | €3,943 | +€2,011 | +104% |
| Recurring financial income | 75 | €1,932 | €3,943 | +€2,011 | +104% |
| Financial charges | 65/66B | €321 | €424 | +€103 | +31.9% |
| Recurring financial charges | 65 | €321 | €424 | +€103 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €45,253 | €83,453 | +€38,200 | +84.4% |
| Income taxes | 67/77 | €10,430 | €22,937 | +€12,507 | +120% |
| Profit (loss) for the period | 9904 | €34,823 | €60,516 | +€25,693 | +73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,823 | €60,516 | +€25,693 | +73.8% |
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 24 October 2026 via checked.be.