GLOBAL ARROW: 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 ARROW
Largest movements
- Cash -€5,720
down €5,720 (-15.8%), from €36,228 to €30,508
mainly Other debts (-€25,600)
- Other debts -€25,600
down €25,600 (-44.7%), from €57,246 to €31,646
- Profit (loss) carried forward +€19,880
up €19,880 (+24.5%), from -€81,020 to -€61,141
- Other operating income +€20,000
new in 2025: €20,000
- Gross operating margin +€4,002
no longer reported in 2025 (was -€4,002)
- Other operating charges -€327
down €327 (-83.1%), from €394 to €66
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 | €38,736 | €33,016 | -€5,720 | -14.8% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Affiliated companies | 280/1 | - | €0 | = | |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Other financial fixed assets | 284/8 | - | €0 | = | |
| Current assets | 29/58 | €38,736 | €33,016 | -€5,720 | -14.8% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,508 | €2,508 | = | 0.0% |
| Other amounts receivable | 41 | €2,508 | €2,508 | = | 0.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €36,228 | €30,508 | -€5,720 | -15.8% |
| Total equity and liabilities | 10/49 | €38,736 | €33,016 | -€5,720 | -14.8% |
| Equity | 10/15 | -€18,510 | €1,370 | +€19,880 | |
| Contributions | 10/11 | €62,511 | €62,511 | = | 0.0% |
| Capital | 10 | €62,511 | €62,511 | = | 0.0% |
| Issued capital | 100 | €62,511 | €62,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,020 | -€61,141 | +€19,880 | +24.5% |
| Amounts payable | 17/49 | €57,246 | €31,646 | -€25,600 | -44.7% |
| Amounts payable within one year | 42/48 | €57,246 | €31,646 | -€25,600 | -44.7% |
| Other amounts payable | 47/48 | €57,246 | €31,646 | -€25,600 | -44.7% |
| Operating income | 70/76A | - | €20,000 | +€20,000 | |
| Other operating income | 74 | - | €20,000 | +€20,000 | |
| Operating charges | 60/66A | - | €66 | +€66 | |
| Other operating charges | 640/8 | €394 | €66 | -€327 | -83.1% |
| Gross operating margin | 9900 | -€4,002 | - | +€4,002 | |
| Operating profit (loss) | 9901 | -€4,395 | €19,934 | +€24,329 | |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Other financial charges | 652/9 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | -€4,446 | €19,880 | +€24,326 | |
| Profit (loss) for the period | 9904 | -€4,446 | €19,880 | +€24,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,446 | €19,880 | +€24,326 |
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 7 October 2026 via checked.be.