GHLOBAL: 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.
GHLOBAL
Largest movements
- Cash +€432,030
up €432,030 (+2012.7%), from €21,465 to €453,495
mainly Other debts (+€700,000) and Receivables within one year (+€241,518)
- Receivables within one year -€241,518
down €241,518 (-40.0%), from €604,518 to €363,000
of which Trade receivables: -€181,500
- Tangible fixed assets +€15,980
new in 2025: €15,980
- Other debts +€700,000
new in 2025: €700,000
- Profit (loss) carried forward -€499,828
down €499,828 (-56.8%), from €880,153 to €380,325
- Taxes -€9,009
down €9,009 (-12.6%), from €71,472 to €62,463
- Depreciation +€4,641
new in 2025: €4,641
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 | €1,268,643 | €1,465,459 | +€196,816 | +15.5% |
| Fixed assets | 21/28 | - | €15,980 | +€15,980 | |
| Tangible fixed assets | 22/27 | - | €15,980 | +€15,980 | |
| Furniture and vehicles | 24 | - | €15,980 | +€15,980 | |
| Current assets | 29/58 | €1,268,643 | €1,449,479 | +€180,836 | +14.3% |
| Amounts receivable after more than one year | 29 | €617,475 | €607,665 | -€9,810 | -1.6% |
| Other amounts receivable | 291 | €617,475 | €607,665 | -€9,810 | -1.6% |
| Amounts receivable within one year | 40/41 | €604,518 | €363,000 | -€241,518 | -40.0% |
| Trade receivables | 40 | €544,500 | €363,000 | -€181,500 | -33.3% |
| Other amounts receivable | 41 | €60,018 | - | -€60,018 | |
| Cash at bank and in hand | 54/58 | €21,465 | €453,495 | +€432,030 | +2012.7% |
| Deferred charges and accrued income | 490/1 | €25,185 | €25,319 | +€134 | +0.5% |
| Total equity and liabilities | 10/49 | €1,268,643 | €1,465,459 | +€196,816 | +15.5% |
| Equity | 10/15 | €1,180,153 | €680,325 | -€499,828 | -42.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €880,153 | €380,325 | -€499,828 | -56.8% |
| Amounts payable | 17/49 | €88,490 | €785,134 | +€696,644 | +787.3% |
| Amounts payable within one year | 42/48 | €88,490 | €785,134 | +€696,644 | +787.3% |
| Trade debts | 44 | €10,020 | €4,858 | -€5,162 | -51.5% |
| Suppliers | 440/4 | €10,020 | €4,858 | -€5,162 | -51.5% |
| Taxes, remuneration and social security | 45 | €78,470 | €80,276 | +€1,806 | +2.3% |
| Taxes | 450/3 | €78,470 | €80,276 | +€1,806 | +2.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €700,000 | +€700,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,641 | +€4,641 | |
| Other operating charges | 640/8 | €5,369 | €5,944 | +€575 | +10.7% |
| Gross operating margin | 9900 | €254,079 | €251,952 | -€2,127 | -0.8% |
| Operating profit (loss) | 9901 | €248,710 | €241,367 | -€7,343 | -3.0% |
| Financial income | 75/76B | €21,858 | €21,679 | -€179 | -0.8% |
| Recurring financial income | 75 | €21,858 | €21,679 | -€179 | -0.8% |
| Financial charges | 65/66B | €666 | €411 | -€255 | -38.2% |
| Recurring financial charges | 65 | €666 | €411 | -€255 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €269,903 | €262,635 | -€7,268 | -2.7% |
| Income taxes | 67/77 | €71,472 | €62,463 | -€9,009 | -12.6% |
| Profit (loss) for the period | 9904 | €198,431 | €200,172 | +€1,741 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €198,431 | €200,172 | +€1,741 | +0.9% |
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 8 October 2026 via checked.be.