GLOBAL AVENUE: what changed
What changed
GLOBAL AVENUE
NACE 77.229, Renting and leasing of other personal and household goods
filed annual accounts (NBB)
Net result for the year
-€5,743
2025 · €9,949-€15,692
Equity
€144,270
2025 · €150,013-€5,743
Cash
€231,799
2025 · €5,464+€226,334
Balance sheet total
€503,096
2025 · €518,502-€15,406
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€226,334
up €226,334 (+4,142%), from €5,464 to €231,799
mainly Current investments (+€250,000) and Other debts (+€16,750)
- Tangible fixed assets +€7,740
up €7,740 (+3.0%), from €256,515 to €264,255
of which Land and buildings: +€6,033
Equity and liabilities
- Other debts +€16,750
up €16,750 (+5.6%), from €301,030 to €317,780
- Debts after one year -€12,397
down €12,397 (-35.4%), from €35,031 to €22,634
- Tax, wage and social debts -€5,837
down €5,837 (-68.2%), from €8,559 to €2,722
- Profit (loss) carried forward -€5,743
down €5,743, from €0 to -€5,743
Income statement
- Gross operating margin -€9,620
down €9,620 (-40.9%), from €23,501 to €13,881
- Financial income -€3,867
down €3,867 (-81.8%), from €4,728 to €861
- Depreciation +€3,559
up €3,559 (+33.2%), from €10,707 to €14,266
- Taxes -€2,335
down €2,335 (-90.8%), from €2,573 to €237
- Financial charges +€878
up €878 (+93.9%), from €935 to €1,813
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€9,949
Gross operating margin
-€9,620
Depreciation
-€3,559
Other operating charges
-€103
Financial income
-€3,867
Financial charges
-€878
Taxes
+€2,335
Result 2026
-€5,743
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,371
Investment
+€227,994
Financing
-€17,031
Cash 2025
€5,464
From operations (derived)
+€15,371
Net result for the year
-€5,743
Depreciation
+€14,266
Receivables within one year
-€1,060
Deferred charges and accrued income
+€541
Trade debts
-€3,545
Tax, wage and social debts
-€5,837
Other debts
+€16,750
Investment (derived)
+€227,994
Investment in fixed assets (net)
-€22,006
Current investments
+€250,000
Financing
-€17,031
Debts after one year
-€12,397
Current portion of long-term debt
+€376
Short-term financial debts
-€5,010
Cash 2026
€231,799
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,502 | €503,096 | -€15,406 | -3.0% |
| Fixed assets | 21/28 | €256,515 | €264,255 | +€7,740 | +3.0% |
| Tangible fixed assets | 22/27 | €256,515 | €264,255 | +€7,740 | +3.0% |
| Land and buildings | 22 | €253,010 | €259,043 | +€6,033 | +2.4% |
| Plant, machinery and equipment | 23 | €1,998 | €2,738 | +€740 | +37.1% |
| Furniture and vehicles | 24 | €1,508 | €2,475 | +€966 | +64.1% |
| Current assets | 29/58 | €261,987 | €238,841 | -€23,146 | -8.8% |
| Amounts receivable within one year | 40/41 | €5,018 | €6,078 | +€1,060 | +21.1% |
| Trade receivables | 40 | €172 | €2,065 | +€1,893 | +1,098% |
| Other amounts receivable | 41 | €4,846 | €4,014 | -€832 | -17.2% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €5,464 | €231,799 | +€226,334 | +4,142% |
| Deferred charges and accrued income | 490/1 | €1,504 | €963 | -€541 | -36.0% |
| Total equity and liabilities | 10/49 | €518,502 | €503,096 | -€15,406 | -3.0% |
| Equity | 10/15 | €150,013 | €144,270 | -€5,743 | -3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €88,013 | €88,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,771 | €4,771 | = | 0.0% |
| Distributable reserves | 133 | €77,042 | €77,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€5,743 | -€5,743 | |
| Amounts payable | 17/49 | €368,489 | €358,826 | -€9,663 | -2.6% |
| Amounts payable after more than one year | 17 | €35,031 | €22,634 | -€12,397 | -35.4% |
| Financial debts | 170/4 | €35,031 | €22,634 | -€12,397 | -35.4% |
| Amounts payable within one year | 42/48 | €333,458 | €336,192 | +€2,734 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €12,021 | €12,397 | +€376 | +3.1% |
| Financial debts | 43 | €5,010 | €0 | -€5,010 | -100% |
| Credit institutions | 430/8 | €5,010 | €0 | -€5,010 | -100% |
| Trade debts | 44 | €6,838 | €3,293 | -€3,545 | -51.8% |
| Suppliers | 440/4 | €6,838 | €3,293 | -€3,545 | -51.8% |
| Taxes, remuneration and social security | 45 | €8,559 | €2,722 | -€5,837 | -68.2% |
| Taxes | 450/3 | €8,559 | €2,722 | -€5,837 | -68.2% |
| Other amounts payable | 47/48 | €301,030 | €317,780 | +€16,750 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,707 | €14,266 | +€3,559 | +33.2% |
| Other operating charges | 640/8 | €4,066 | €4,169 | +€103 | +2.5% |
| Gross operating margin | 9900 | €23,501 | €13,881 | -€9,620 | -40.9% |
| Operating profit (loss) | 9901 | €8,728 | -€4,554 | -€13,282 | |
| Financial income | 75/76B | €4,728 | €861 | -€3,867 | -81.8% |
| Recurring financial income | 75 | €4,728 | €861 | -€3,867 | -81.8% |
| Financial charges | 65/66B | €935 | €1,813 | +€878 | +93.9% |
| Recurring financial charges | 65 | €935 | €1,813 | +€878 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €12,521 | -€5,506 | -€18,027 | |
| Income taxes | 67/77 | €2,573 | €237 | -€2,335 | -90.8% |
| Profit (loss) for the period | 9904 | €9,949 | -€5,743 | -€15,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,949 | -€5,743 | -€15,692 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.