GLOBAL 4 LINKS: 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.
GLOBAL 4 LINKS
Largest movements
- Cash -€13,053
down €13,053 (-81.2%), from €16,085 to €3,032
mainly Tax, wage and social debts (-€12,644) and Net result for the year (-€10,719)
- Receivables within one year -€9,987
down €9,987 (-66.3%), from €15,053 to €5,065
- Financial fixed assets +€3,000
up €3,000 (+3,000%), from €100 to €3,100
- Tangible fixed assets -€500
down €500 (-37.2%), from €1,346 to €846
- Tax, wage and social debts -€12,644
down €12,644 (-69.5%), from €18,199 to €5,554
of which Taxes: -€10,155
- Profit (loss) carried forward -€10,719
down €10,719, from €7,796 to -€2,923
- Trade debts +€2,796
up €2,796 (+48.7%), from €5,742 to €8,537
- Gross operating margin -€20,945
down €20,945 (-50.1%), from €41,845 to €20,900
- Staff costs +€8,623
up €8,623 (+40.8%), from €21,154 to €29,777
- Taxes -€6,723
no longer reported in 2025 (was €6,723)
- Other operating charges +€527
up €527 (+138%), from €383 to €910
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 | €33,489 | €13,022 | -€20,467 | -61.1% |
| Formation expenses | 20 | €612 | €359 | -€253 | -41.4% |
| Fixed assets | 21/28 | €1,446 | €3,946 | +€2,500 | +173% |
| Tangible fixed assets | 22/27 | €1,346 | €846 | -€500 | -37.2% |
| Furniture and vehicles | 24 | €1,346 | €846 | -€500 | -37.2% |
| Financial fixed assets | 28 | €100 | €3,100 | +€3,000 | +3,000% |
| Current assets | 29/58 | €31,431 | €8,717 | -€22,714 | -72.3% |
| Amounts receivable within one year | 40/41 | €15,053 | €5,065 | -€9,987 | -66.3% |
| Trade receivables | 40 | €15,053 | €5,065 | -€9,987 | -66.3% |
| Cash at bank and in hand | 54/58 | €16,085 | €3,032 | -€13,053 | -81.2% |
| Deferred charges and accrued income | 490/1 | €293 | €620 | +€327 | +111% |
| Total equity and liabilities | 10/49 | €33,489 | €13,022 | -€20,467 | -61.1% |
| Equity | 10/15 | €9,296 | -€1,423 | -€10,719 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,796 | -€2,923 | -€10,719 | |
| Amounts payable | 17/49 | €24,193 | €14,446 | -€9,748 | -40.3% |
| Amounts payable within one year | 42/48 | €24,193 | €14,446 | -€9,748 | -40.3% |
| Trade debts | 44 | €5,742 | €8,537 | +€2,796 | +48.7% |
| Suppliers | 440/4 | €5,742 | €8,537 | +€2,796 | +48.7% |
| Taxes, remuneration and social security | 45 | €18,199 | €5,554 | -€12,644 | -69.5% |
| Taxes | 450/3 | €11,367 | €1,212 | -€10,155 | -89.3% |
| Remuneration and social security | 454/9 | €6,831 | €4,342 | -€2,489 | -36.4% |
| Other amounts payable | 47/48 | €253 | €354 | +€101 | +39.9% |
| Remuneration, social security and pensions | 62 | €21,154 | €29,777 | +€8,623 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €753 | +€346 | +84.7% |
| Other operating charges | 640/8 | €383 | €910 | +€527 | +138% |
| Gross operating margin | 9900 | €41,845 | €20,900 | -€20,945 | -50.1% |
| Operating profit (loss) | 9901 | €19,901 | -€10,540 | -€30,441 | |
| Financial charges | 65/66B | €177 | €179 | +€2 | +1.3% |
| Recurring financial charges | 65 | €177 | €179 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €19,724 | -€10,719 | -€30,443 | |
| Income taxes | 67/77 | €6,723 | - | -€6,723 | |
| Profit (loss) for the period | 9904 | €13,001 | -€10,719 | -€23,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,001 | -€10,719 | -€23,720 |
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 17 October 2026 via checked.be.