BUSINESS 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.
What changed
BUSINESS GLOBAL
NACE 52.210, Service activities incidental to land transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€44,359
2024 · -€49,430+€5,070
Equity
-€306,187
2024 · -€261,827-€44,359
Cash
€764
2024 · €3,227-€2,463
Balance sheet total
€1.1m
2024 · €1.0m+€75,556
Largest movements
Assets
- Receivables within one year +€55,302
up €55,302 (+49.7%), from €111,224 to €166,527
of which Other amounts receivable: +€60,636
Equity and liabilities
- Other debts +€165,914
up €165,914 (+39.8%), from €416,662 to €582,576
- Debts after one year -€55,116
down €55,116 (-6.7%), from €818,291 to €763,174
of which Financial debts: -€55,116
- Profit (loss) carried forward -€44,359
down €44,359 (-8.6%), from -€517,232 to -€561,592
Income statement
- Other operating charges -€19,569
down €19,569 (-88.6%), from €22,084 to €2,516
- Gross operating margin -€13,759
down €13,759 (-91.4%), from €15,052 to €1,293
- Taxes +€8,607
no longer reported in 2025 (was -€8,607)
- Write-downs -€5,768
down €5,768, from €5,730 to -€38
- Financial charges -€1,831
down €1,831 (-7.8%), from €23,521 to €21,690
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.
Result 2024
-€49,430
Gross operating margin
-€13,759
Depreciation
-€1,024
Write-downs
+€5,768
Other operating charges
+€19,569
Other operating items
+€1,270
Financial income
+€23
Financial charges
+€1,831
Taxes
-€8,607
Result 2025
-€44,359
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€87,341
Investment
-€36,040
Financing
-€53,764
Cash 2024
€3,227
From operations (derived)
+€87,341
Net result for the year
-€44,359
Depreciation
+€21,507
Receivables within one year
-€55,302
Deferred charges and accrued income
-€8,184
Trade debts
+€5,096
Tax, wage and social debts
+€4,274
Other debts
+€165,914
Accrued charges and deferred income
-€1,605
Investment (derived)
-€36,040
Investment in fixed assets (net)
-€36,040
Financing
-€53,764
Debts after one year
-€55,116
Current portion of long-term debt
+€1,352
Cash 2025
€764
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,047,077 | €1,122,633 | +€75,556 | +7.2% |
| Fixed assets | 21/28 | €931,492 | €946,025 | +€14,533 | +1.6% |
| Intangible fixed assets | 21 | €4,028 | €9,099 | +€5,071 | +126% |
| Tangible fixed assets | 22/27 | €371,178 | €380,640 | +€9,462 | +2.5% |
| Land and buildings | 22 | €368,854 | €352,162 | -€16,692 | -4.5% |
| Furniture and vehicles | 24 | €2,324 | €3,259 | +€934 | +40.2% |
| Other tangible fixed assets | 26 | - | €11,894 | +€11,894 | |
| Assets under construction and advance payments | 27 | - | €13,325 | +€13,325 | |
| Financial fixed assets | 28 | €556,286 | €556,286 | = | 0.0% |
| Current assets | 29/58 | €115,585 | €176,608 | +€61,023 | +52.8% |
| Amounts receivable within one year | 40/41 | €111,224 | €166,527 | +€55,302 | +49.7% |
| Trade receivables | 40 | €15,326 | €9,992 | -€5,334 | -34.8% |
| Other amounts receivable | 41 | €95,898 | €156,535 | +€60,636 | +63.2% |
| Cash at bank and in hand | 54/58 | €3,227 | €764 | -€2,463 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,133 | €9,318 | +€8,184 | +722% |
| Total equity and liabilities | 10/49 | €1,047,077 | €1,122,633 | +€75,556 | +7.2% |
| Equity | 10/15 | -€261,827 | -€306,187 | -€44,359 | -16.9% |
| Contributions | 10/11 | €253,550 | €253,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€517,232 | -€561,592 | -€44,359 | -8.6% |
| Amounts payable | 17/49 | €1,308,904 | €1,428,820 | +€119,916 | +9.2% |
| Amounts payable after more than one year | 17 | €818,291 | €763,174 | -€55,116 | -6.7% |
| Financial debts | 170/4 | €817,190 | €762,073 | -€55,116 | -6.7% |
| Other amounts payable | 178/9 | €1,101 | €1,101 | = | 0.0% |
| Amounts payable within one year | 42/48 | €481,041 | €657,678 | +€176,637 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €53,756 | €55,108 | +€1,352 | +2.5% |
| Trade debts | 44 | €7,946 | €13,042 | +€5,096 | +64.1% |
| Suppliers | 440/4 | €7,946 | €13,042 | +€5,096 | +64.1% |
| Taxes, remuneration and social security | 45 | €2,677 | €6,951 | +€4,274 | +160% |
| Taxes | 450/3 | €2,677 | €6,951 | +€4,274 | +160% |
| Other amounts payable | 47/48 | €416,662 | €582,576 | +€165,914 | +39.8% |
| Accrued charges and deferred income | 492/3 | €9,573 | €7,968 | -€1,605 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,483 | €21,507 | +€1,024 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,730 | -€38 | -€5,768 | |
| Other operating charges | 640/8 | €22,084 | €2,516 | -€19,569 | -88.6% |
| Non-recurring operating charges | 66A | €1,270 | - | -€1,270 | |
| Gross operating margin | 9900 | €15,052 | €1,293 | -€13,759 | -91.4% |
| Operating profit (loss) | 9901 | -€34,516 | -€22,692 | +€11,824 | +34.3% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €23,521 | €21,690 | -€1,831 | -7.8% |
| Recurring financial charges | 65 | €23,521 | €21,690 | -€1,831 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€58,037 | -€44,359 | +€13,678 | +23.6% |
| Income taxes | 67/77 | -€8,607 | - | +€8,607 | |
| Profit (loss) for the period | 9904 | -€49,430 | -€44,359 | +€5,070 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,430 | -€44,359 | +€5,070 | +10.3% |
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 16 October 2026 via checked.be.