Global Bazadaise: what changed
What changed
Global Bazadaise
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€551,427
2024 · €901,998-€350,572
Equity
€2.1m
2024 · €1.6m+€551,427
Cash
€1.2m
2024 · €1.3m-€112,000
Balance sheet total
€19.4m
2024 · €8.8m+€10.6m
Largest movements
Assets
- Stocks and contracts +€6.9m
up €6.9m (+584%), from €1.2m to €8.1m
- Receivables within one year +€5.7m
up €5.7m (+138%), from €4.1m to €9.7m
of which Other amounts receivable: +€4.3m
- Current investments -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Deferred charges and accrued income +€196,370
up €196,370 (+121%), from €161,647 to €358,017
Equity and liabilities
- Advances received +€6.4m
up €6.4m (+754%), from €851,694 to €7.3m
- Trade debts +€2.6m
up €2.6m (+666%), from €387,606 to €3.0m
- Reserves +€551,427
up €551,427 (+40.3%), from €1.4m to €1.9m
of which Distributable reserves: +€551,303
- Tax, wage and social debts +€391,461
new in 2025: €391,461
- Current portion of long-term debt +€343,149
new in 2025: €343,149
Income statement
- Gross operating margin -€1.2m
down €1.2m (-38.4%), from €3.1m to €1.9m
- Other operating charges -€802,052
down €802,052 (-42.5%), from €1.9m to €1.1m
- Financial income +€228,074
up €228,074 (+1,368%), from €16,678 to €244,752
- Financial charges +€191,470
up €191,470 (+147%), from €130,268 to €321,738
Change in the result, 2024 to 2025
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 2024
€901,998
Gross operating margin
-€1.2m
Write-downs
-€13,404
Other operating charges
+€802,052
Financial income
+€228,074
Financial charges
-€191,470
Taxes
+€9,236
Result 2025
€551,427
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.5m
Investment
+€2.0m
Financing
+€343,149
Cash 2024
€1.3m
From operations (derived)
-€2.5m
Net result for the year
+€551,427
Stocks and contracts
-€6.9m
Receivables within one year
-€5.7m
Deferred charges and accrued income
-€196,370
Trade debts
+€2.6m
Tax, wage and social debts
+€391,461
Advances received
+€6.4m
Other debts
+€200,000
Accrued charges and deferred income
+€132,827
Investment (derived)
+€2.0m
Current investments
+€2.0m
Financing
+€343,149
Current portion of long-term debt
+€343,149
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,804,883 | €19,427,852 | +€10.6m | +121% |
| Fixed assets | 21/28 | €114,387 | €114,387 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €114,387 | €114,387 | = | 0.0% |
| Current assets | 29/58 | €8,690,496 | €19,313,465 | +€10.6m | +122% |
| Stocks and contracts in progress | 3 | €1,179,662 | €8,065,628 | +€6.9m | +584% |
| Stocks | 30/36 | €1,179,662 | €8,065,628 | +€6.9m | +584% |
| Amounts receivable within one year | 40/41 | €4,083,664 | €9,736,297 | +€5.7m | +138% |
| Trade receivables | 40 | €2,186,654 | €3,533,136 | +€1.3m | +61.6% |
| Other amounts receivable | 41 | €1,897,010 | €6,203,161 | +€4.3m | +227% |
| Current investments | 50/53 | €2,000,000 | €0 | -€2.0m | -100% |
| Cash at bank and in hand | 54/58 | €1,265,522 | €1,153,522 | -€112,000 | -8.9% |
| Deferred charges and accrued income | 490/1 | €161,647 | €358,017 | +€196,370 | +121% |
| Total equity and liabilities | 10/49 | €8,804,883 | €19,427,852 | +€10.6m | +121% |
| Equity | 10/15 | €1,579,132 | €2,130,559 | +€551,427 | +34.9% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €1,369,132 | €1,920,559 | +€551,427 | +40.3% |
| Non-distributable reserves | 130/1 | €20,876 | €21,000 | +€124 | +0.6% |
| Legal reserve | 130 | €20,876 | €21,000 | +€124 | +0.6% |
| Tax-exempt reserves | 132 | €328,164 | €328,164 | = | 0.0% |
| Distributable reserves | 133 | €1,020,092 | €1,571,394 | +€551,303 | +54.0% |
| Amounts payable | 17/49 | €7,225,751 | €17,297,293 | +€10.1m | +139% |
| Amounts payable within one year | 42/48 | €6,943,051 | €16,881,766 | +€9.9m | +143% |
| Current portion of amounts payable after more than one year | 42 | - | €343,149 | +€343,149 | |
| Trade debts | 44 | €387,606 | €2,970,020 | +€2.6m | +666% |
| Suppliers | 440/4 | €387,606 | €2,970,020 | +€2.6m | +666% |
| Advances received on contracts in progress | 46 | €851,694 | €7,273,386 | +€6.4m | +754% |
| Taxes, remuneration and social security | 45 | - | €391,461 | +€391,461 | |
| Taxes | 450/3 | - | €391,461 | +€391,461 | |
| Other amounts payable | 47/48 | €5,703,750 | €5,903,750 | +€200,000 | +3.5% |
| Accrued charges and deferred income | 492/3 | €282,700 | €415,527 | +€132,827 | +47.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,404 | €0 | +€13,404 | |
| Other operating charges | 640/8 | €1,885,298 | €1,083,247 | -€802,052 | -42.5% |
| Gross operating margin | 9900 | €3,088,925 | €1,903,865 | -€1.2m | -38.4% |
| Operating profit (loss) | 9901 | €1,217,031 | €820,619 | -€396,412 | -32.6% |
| Financial income | 75/76B | €16,678 | €244,752 | +€228,074 | +1,368% |
| Recurring financial income | 75 | €16,678 | €244,752 | +€228,074 | +1,368% |
| Financial charges | 65/66B | €130,268 | €321,738 | +€191,470 | +147% |
| Recurring financial charges | 65 | €130,268 | €321,738 | +€191,470 | +147% |
| Profit (loss) for the period before taxes | 9903 | €1,103,440 | €743,633 | -€359,807 | -32.6% |
| Income taxes | 67/77 | €201,442 | €192,206 | -€9,236 | -4.6% |
| Profit (loss) for the period | 9904 | €901,998 | €551,427 | -€350,572 | -38.9% |
| Transfer to tax-exempt reserves | 689 | €294,700 | €0 | -€294,700 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €607,298 | €551,427 | -€55,872 | -9.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.