FT 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.
FT GLOBAL
Largest movements
- Cash -€50,311
down €50,311 (-93.1%), from €54,036 to €3,724
mainly Other debts (-€90,143) and Net result for the year (-€73,001)
- Tangible fixed assets -€19,146
down €19,146 (-36.3%), from €52,673 to €33,527
- Receivables within one year +€11,659
up €11,659 (+4.0%), from €290,177 to €301,836
of which Other amounts receivable: +€8,382
- Other debts -€90,143
no longer reported in 2025 (was €90,143)
- Profit (loss) carried forward -€73,001
down €73,001, from €1,264 to -€71,737
- Trade debts +€56,120
up €56,120 (+50.1%), from €112,055 to €168,175
- Short-term financial debts +€50,640
up €50,640 (+31,650%), from €160 to €50,800
- Gross operating margin -€227,356
down €227,356, from €192,755 to -€34,601
- Taxes -€45,332
down €45,332 (-99.5%), from €45,572 to €240
- Other operating charges +€7,576
up €7,576 (+385%), from €1,967 to €9,544
- Financial charges +€4,783
up €4,783 (+92.3%), from €5,182 to €9,965
- Depreciation -€3,006
down €3,006 (-18.4%), from €16,364 to €13,358
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 | €422,156 | €362,087 | -€60,069 | -14.2% |
| Fixed assets | 21/28 | €52,673 | €33,527 | -€19,146 | -36.3% |
| Tangible fixed assets | 22/27 | €52,673 | €33,527 | -€19,146 | -36.3% |
| Furniture and vehicles | 24 | €52,673 | €33,527 | -€19,146 | -36.3% |
| Current assets | 29/58 | €369,483 | €328,560 | -€40,923 | -11.1% |
| Amounts receivable within one year | 40/41 | €290,177 | €301,836 | +€11,659 | +4.0% |
| Trade receivables | 40 | €278,158 | €281,434 | +€3,276 | +1.2% |
| Other amounts receivable | 41 | €12,020 | €20,402 | +€8,382 | +69.7% |
| Cash at bank and in hand | 54/58 | €54,036 | €3,724 | -€50,311 | -93.1% |
| Deferred charges and accrued income | 490/1 | €25,270 | €22,999 | -€2,271 | -9.0% |
| Total equity and liabilities | 10/49 | €422,156 | €362,087 | -€60,069 | -14.2% |
| Equity | 10/15 | €180,564 | €107,563 | -€73,001 | -40.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,300 | €176,300 | = | 0.0% |
| Distributable reserves | 133 | €176,300 | €176,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,264 | -€71,737 | -€73,001 | |
| Amounts payable | 17/49 | €241,592 | €254,524 | +€12,932 | +5.4% |
| Amounts payable within one year | 42/48 | €241,592 | €254,524 | +€12,932 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 43 | €160 | €50,800 | +€50,640 | +31,650% |
| Credit institutions | 430/8 | €160 | €50,800 | +€50,640 | +31,650% |
| Trade debts | 44 | €112,055 | €168,175 | +€56,120 | +50.1% |
| Suppliers | 440/4 | €112,055 | €168,175 | +€56,120 | +50.1% |
| Taxes, remuneration and social security | 45 | €34,234 | €30,549 | -€3,685 | -10.8% |
| Taxes | 450/3 | €31,234 | €27,549 | -€3,685 | -11.8% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €90,143 | - | -€90,143 | |
| Non-recurring operating income | 76A | - | €3,260 | +€3,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,364 | €13,358 | -€3,006 | -18.4% |
| Other operating charges | 640/8 | €1,967 | €9,544 | +€7,576 | +385% |
| Non-recurring operating charges | 66A | - | €5,788 | +€5,788 | |
| Gross operating margin | 9900 | €192,755 | -€34,601 | -€227,356 | |
| Operating profit (loss) | 9901 | €174,424 | -€63,291 | -€237,715 | |
| Financial income | 75/76B | €9 | €494 | +€485 | +5,149% |
| Recurring financial income | 75 | €9 | €494 | +€485 | +5,149% |
| Financial charges | 65/66B | €5,182 | €9,965 | +€4,783 | +92.3% |
| Recurring financial charges | 65 | €5,182 | €9,965 | +€4,783 | +92.3% |
| Profit (loss) for the period before taxes | 9903 | €169,251 | -€72,761 | -€242,012 | |
| Income taxes | 67/77 | €45,572 | €240 | -€45,332 | -99.5% |
| Profit (loss) for the period | 9904 | €123,680 | -€73,001 | -€196,681 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,680 | -€73,001 | -€196,681 |
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 18 October 2026 via checked.be.