Global Admin Solutions: 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.
Global Admin Solutions
Largest movements
- Receivables within one year -€68,103
down €68,103 (-66.0%), from €103,119 to €35,016
of which Trade receivables: -€58,835
- Tangible fixed assets -€48,094
down €48,094 (-46.4%), from €103,671 to €55,577
of which Furniture and vehicles: -€41,201
- Cash +€4,469
up €4,469 (+198.2%), from €2,255 to €6,723
mainly Receivables within one year (+€68,103) and Depreciation (+€30,542)
- Profit (loss) carried forward -€59,547
down €59,547 (-63.1%), from -€94,411 to -€153,958
- Debts after one year -€22,246
down €22,246 (-25.0%), from €89,136 to €66,890
of which Financial debts: -€22,246
- Current portion of long-term debt -€10,934
down €10,934 (-93.8%), from €11,658 to €724
- Trade debts -€9,458
down €9,458 (-40.5%), from €23,330 to €13,871
- Other debts -€7,563
down €7,563 (-5.1%), from €148,628 to €141,066
- Provisions +€50,000
no longer reported in 2025 (was -€50,000)
- Gross operating margin +€6,981
up €6,981 (+50.7%), from -€13,777 to -€6,796
- Taxes +€5,406
up €5,406 (+906.3%), from €596 to €6,002
- Other operating charges -€3,181
down €3,181 (-23.2%), from €13,732 to €10,551
- Depreciation -€1,578
down €1,578 (-4.9%), from €32,120 to €30,542
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 | €213,879 | €99,853 | -€114,026 | -53.3% |
| Fixed assets | 21/28 | €104,537 | €56,062 | -€48,474 | -46.4% |
| Intangible fixed assets | 21 | €665 | €285 | -€380 | -57.1% |
| Tangible fixed assets | 22/27 | €103,671 | €55,577 | -€48,094 | -46.4% |
| Plant, machinery and equipment | 23 | €17,706 | €11,511 | -€6,194 | -35.0% |
| Furniture and vehicles | 24 | €83,418 | €42,216 | -€41,201 | -49.4% |
| Leasing and similar rights | 25 | €2,548 | €1,849 | -€699 | -27.4% |
| Financial fixed assets | 28 | €201 | €201 | = | 0.0% |
| Current assets | 29/58 | €109,342 | €43,790 | -€65,552 | -60.0% |
| Amounts receivable within one year | 40/41 | €103,119 | €35,016 | -€68,103 | -66.0% |
| Trade receivables | 40 | €86,496 | €27,660 | -€58,835 | -68.0% |
| Other amounts receivable | 41 | €16,623 | €7,356 | -€9,267 | -55.7% |
| Cash at bank and in hand | 54/58 | €2,255 | €6,723 | +€4,469 | +198.2% |
| Deferred charges and accrued income | 490/1 | €3,969 | €2,051 | -€1,918 | -48.3% |
| Total equity and liabilities | 10/49 | €213,879 | €99,853 | -€114,026 | -53.3% |
| Equity | 10/15 | -€70,761 | -€130,308 | -€59,547 | -84.2% |
| Contributions | 10/11 | €21,500 | €21,500 | = | 0.0% |
| Reserves | 13 | €2,150 | €2,150 | = | 0.0% |
| Distributable reserves | 133 | €2,150 | €2,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,411 | -€153,958 | -€59,547 | -63.1% |
| Amounts payable | 17/49 | €284,640 | €230,161 | -€54,479 | -19.1% |
| Amounts payable after more than one year | 17 | €89,136 | €66,890 | -€22,246 | -25.0% |
| Financial debts | 170/4 | €84,774 | €62,528 | -€22,246 | -26.2% |
| Trade debts | 175 | €4,362 | €4,362 | = | 0.0% |
| Amounts payable within one year | 42/48 | €195,505 | €163,271 | -€32,233 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €11,658 | €724 | -€10,934 | -93.8% |
| Financial debts | 43 | €7,883 | €6,972 | -€911 | -11.6% |
| Other loans | 439 | €7,883 | €6,972 | -€911 | -11.6% |
| Trade debts | 44 | €23,330 | €13,871 | -€9,458 | -40.5% |
| Suppliers | 440/4 | €23,330 | €13,871 | -€9,458 | -40.5% |
| Taxes, remuneration and social security | 45 | €4,005 | €639 | -€3,367 | -84.1% |
| Taxes | 450/3 | €2,256 | €639 | -€1,617 | -71.7% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €148,628 | €141,066 | -€7,563 | -5.1% |
| Remuneration, social security and pensions | 62 | €1,702 | €134 | -€1,567 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,120 | €30,542 | -€1,578 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €926 | +€926 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | - | +€50,000 | |
| Other operating charges | 640/8 | €13,732 | €10,551 | -€3,181 | -23.2% |
| Gross operating margin | 9900 | -€13,777 | -€6,796 | +€6,981 | +50.7% |
| Operating profit (loss) | 9901 | -€11,331 | -€48,949 | -€37,619 | -332.0% |
| Financial income | 75/76B | €220 | €100 | -€120 | -54.5% |
| Recurring financial income | 75 | €220 | €100 | -€120 | -54.5% |
| Financial charges | 65/66B | €3,259 | €4,696 | +€1,437 | +44.1% |
| Recurring financial charges | 65 | €3,259 | €4,506 | +€1,247 | +38.3% |
| Non-recurring financial charges | 66B | - | €190 | +€190 | |
| Profit (loss) for the period before taxes | 9903 | -€14,370 | -€53,545 | -€39,175 | -272.6% |
| Income taxes | 67/77 | €596 | €6,002 | +€5,406 | +906.3% |
| Profit (loss) for the period | 9904 | -€14,967 | -€59,547 | -€44,581 | -297.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,967 | -€59,547 | -€44,581 | -297.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.