GLOBACIER: 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.
GLOBACIER
Largest movements
- Receivables within one year -€148,771
down €148,771 (-20.1%), from €738,780 to €590,009
of which Other amounts receivable: -€199,431
- Cash -€84,131
down €84,131 (-36.3%), from €231,867 to €147,736
mainly Contributions, distributions and other (-€200,784) and Trade debts (-€24,699)
- Stocks and contracts +€22,879
up €22,879 (+72.7%), from €31,469 to €54,348
- Reserves -€160,684
down €160,684 (-31.2%), from €515,259 to €354,575
- Trade debts -€24,699
down €24,699 (-9.3%), from €266,626 to €241,927
- Current portion of long-term debt -€20,953
down €20,953 (-55.9%), from €37,500 to €16,547
- Taxes +€7,009
up €7,009 (+38.1%), from €18,394 to €25,403
- Financial charges +€3,929
up €3,929 (+84.1%), from €4,673 to €8,602
- Staff costs -€3,076
no longer reported in 2025 (was €3,076)
- Depreciation -€860
down €860 (-82.8%), from €1,039 to €179
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 | €1,004,279 | €794,068 | -€210,211 | -20.9% |
| Fixed assets | 21/28 | €1,684 | €1,505 | -€179 | -10.6% |
| Tangible fixed assets | 22/27 | €184 | €5 | -€179 | -97.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €184 | €5 | -€179 | -97.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,002,595 | €792,563 | -€210,032 | -20.9% |
| Stocks and contracts in progress | 3 | €31,469 | €54,348 | +€22,879 | +72.7% |
| Stocks | 30/36 | €31,469 | €54,348 | +€22,879 | +72.7% |
| Amounts receivable within one year | 40/41 | €738,780 | €590,009 | -€148,771 | -20.1% |
| Trade receivables | 40 | €312,082 | €362,743 | +€50,660 | +16.2% |
| Other amounts receivable | 41 | €426,697 | €227,266 | -€199,431 | -46.7% |
| Current investments | 50/53 | €479 | €470 | -€9 | -1.9% |
| Cash at bank and in hand | 54/58 | €231,867 | €147,736 | -€84,131 | -36.3% |
| Total equity and liabilities | 10/49 | €1,004,279 | €794,068 | -€210,211 | -20.9% |
| Equity | 10/15 | €568,198 | €407,514 | -€160,684 | -28.3% |
| Contributions | 10/11 | €14,275 | €14,275 | = | 0.0% |
| Reserves | 13 | €515,259 | €354,575 | -€160,684 | -31.2% |
| Distributable reserves | 133 | €515,259 | €354,575 | -€160,684 | -31.2% |
| Profit (loss) carried forward | 14 | €38,665 | €38,665 | = | 0.0% |
| Amounts payable | 17/49 | €436,081 | €386,554 | -€49,527 | -11.4% |
| Amounts payable after more than one year | 17 | €112,500 | €106,069 | -€6,431 | -5.7% |
| Financial debts | 170/4 | €112,500 | €106,069 | -€6,431 | -5.7% |
| Amounts payable within one year | 42/48 | €323,581 | €280,485 | -€43,096 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €37,500 | €16,547 | -€20,953 | -55.9% |
| Trade debts | 44 | €266,626 | €241,927 | -€24,699 | -9.3% |
| Suppliers | 440/4 | €266,626 | €241,927 | -€24,699 | -9.3% |
| Taxes, remuneration and social security | 45 | €19,130 | €22,010 | +€2,880 | +15.1% |
| Taxes | 450/3 | €19,130 | €22,010 | +€2,880 | +15.1% |
| Other amounts payable | 47/48 | €324 | - | -€324 | |
| Remuneration, social security and pensions | 62 | €3,076 | - | -€3,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €179 | -€860 | -82.8% |
| Other operating charges | 640/8 | €486 | €511 | +€25 | +5.2% |
| Gross operating margin | 9900 | €74,260 | €74,769 | +€509 | +0.7% |
| Operating profit (loss) | 9901 | €69,659 | €74,079 | +€4,419 | +6.3% |
| Financial income | 75/76B | €210 | €27 | -€183 | -87.4% |
| Recurring financial income | 75 | €210 | €27 | -€183 | -87.4% |
| Financial charges | 65/66B | €4,673 | €8,602 | +€3,929 | +84.1% |
| Recurring financial charges | 65 | €4,673 | €8,602 | +€3,929 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €65,196 | €65,503 | +€307 | +0.5% |
| Income taxes | 67/77 | €18,394 | €25,403 | +€7,009 | +38.1% |
| Profit (loss) for the period | 9904 | €46,802 | €40,100 | -€6,702 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,802 | €40,100 | -€6,702 | -14.3% |
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 19 October 2026 via checked.be.