General Global Services: what changed
Two fiscal 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.
General Global Services
Largest movements
- Receivables within one year -€221,433
down €221,433 (-60.1%), from €368,545 to €147,112
of which Trade receivables: -€220,276
- Cash +€159,719
up €159,719 (+181.7%), from €87,886 to €247,605
mainly Receivables within one year (+€221,433) and Net result for the year (+€147,524)
- Deferred charges and accrued income -€8,813
no longer reported in 2025 (was €8,813)
- Tangible fixed assets +€5,536
up €5,536 (+11.0%), from €50,382 to €55,918
- Reserves +€146,000
up €146,000 (+270.4%), from €54,000 to €200,000
- Trade debts -€121,976
down €121,976 (-43.6%), from €279,728 to €157,752
- Tax, wage and social debts -€108,211
down €108,211 (-58.2%), from €186,015 to €77,804
of which Remuneration and social security: -€147,981
- Other debts +€11,666
new in 2025: €11,666
- Gross operating margin +€450,968
up €450,968 (+92.6%), from €486,965 to €937,933
- Staff costs +€138,077
up €138,077 (+31.9%), from €432,286 to €570,364
- Financial charges +€134,026
up €134,026 (+13073.0%), from €1,025 to €135,051
of which Non-recurring financial charges: +€115,342
- Taxes +€43,851
up €43,851 (+384.1%), from €11,417 to €55,268
- Depreciation +€10,682
up €10,682 (+81.4%), from €13,126 to €23,809
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.
Cash bridge derived
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 | €523,357 | €452,360 | -€70,997 | -13.6% |
| Formation expenses | 20 | €1,003 | €116 | -€887 | -88.5% |
| Fixed assets | 21/28 | €57,110 | €57,527 | +€418 | +0.7% |
| Tangible fixed assets | 22/27 | €50,382 | €55,918 | +€5,536 | +11.0% |
| Furniture and vehicles | 24 | €50,382 | €55,918 | +€5,536 | +11.0% |
| Financial fixed assets | 28 | €6,728 | €1,610 | -€5,118 | -76.1% |
| Current assets | 29/58 | €465,244 | €394,717 | -€70,527 | -15.2% |
| Amounts receivable within one year | 40/41 | €368,545 | €147,112 | -€221,433 | -60.1% |
| Trade receivables | 40 | €334,732 | €114,456 | -€220,276 | -65.8% |
| Other amounts receivable | 41 | €33,814 | €32,656 | -€1,158 | -3.4% |
| Cash at bank and in hand | 54/58 | €87,886 | €247,605 | +€159,719 | +181.7% |
| Deferred charges and accrued income | 490/1 | €8,813 | - | -€8,813 | |
| Total equity and liabilities | 10/49 | €523,357 | €452,360 | -€70,997 | -13.6% |
| Equity | 10/15 | €57,614 | €205,138 | +€147,524 | +256.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €54,000 | €200,000 | +€146,000 | +270.4% |
| Distributable reserves | 133 | €54,000 | €200,000 | +€146,000 | +270.4% |
| Profit (loss) carried forward | 14 | €114 | €1,638 | +€1,524 | +1340.5% |
| Amounts payable | 17/49 | €465,743 | €247,222 | -€218,521 | -46.9% |
| Amounts payable within one year | 42/48 | €465,743 | €247,222 | -€218,521 | -46.9% |
| Trade debts | 44 | €279,728 | €157,752 | -€121,976 | -43.6% |
| Suppliers | 440/4 | €279,728 | €157,752 | -€121,976 | -43.6% |
| Taxes, remuneration and social security | 45 | €186,015 | €77,804 | -€108,211 | -58.2% |
| Taxes | 450/3 | €26,915 | €66,685 | +€39,770 | +147.8% |
| Remuneration and social security | 454/9 | €159,100 | €11,119 | -€147,981 | -93.0% |
| Other amounts payable | 47/48 | - | €11,666 | +€11,666 | |
| Remuneration, social security and pensions | 62 | €432,286 | €570,364 | +€138,077 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,126 | €23,809 | +€10,682 | +81.4% |
| Other operating charges | 640/8 | €2,384 | €6,067 | +€3,683 | +154.5% |
| Gross operating margin | 9900 | €486,965 | €937,933 | +€450,968 | +92.6% |
| Operating profit (loss) | 9901 | €39,169 | €337,694 | +€298,525 | +762.2% |
| Financial income | 75/76B | €67 | €148 | +€82 | +122.9% |
| Recurring financial income | 75 | €67 | €148 | +€82 | +122.9% |
| Financial charges | 65/66B | €1,025 | €135,051 | +€134,026 | +13073.0% |
| Recurring financial charges | 65 | €1,025 | €19,709 | +€18,684 | +1822.5% |
| Non-recurring financial charges | 66B | - | €115,342 | +€115,342 | |
| Profit (loss) for the period before taxes | 9903 | €38,210 | €202,792 | +€164,582 | +430.7% |
| Income taxes | 67/77 | €11,417 | €55,268 | +€43,851 | +384.1% |
| Profit (loss) for the period | 9904 | €26,794 | €147,524 | +€120,730 | +450.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,794 | €147,524 | +€120,730 | +450.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.