GLOBAL BUSINESS: 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 BUSINESS
Largest movements
- Stocks and contracts +€58,196
up €58,196 (+114%), from €50,894 to €109,090
- Receivables within one year -€25,620
down €25,620 (-100.0%), from €25,630 to €10
of which Trade receivables: -€25,620
- Tangible fixed assets +€16,801
up €16,801 (+107%), from €15,704 to €32,506
of which Other tangible fixed assets: +€12,332
- Cash +€3,153
up €3,153 (+1,135%), from €278 to €3,431
mainly Other debts (+€63,673) and Receivables within one year (+€25,620)
- Other debts +€63,673
up €63,673 (+656%), from €9,709 to €73,383
- Trade debts -€31,661
down €31,661 (-64.3%), from €49,234 to €17,573
- Tax, wage and social debts +€13,472
up €13,472 (+148%), from €9,113 to €22,585
- Profit (loss) carried forward +€7,047
up €7,047 (+74.6%), from €9,450 to €16,496
- Turnover -€184,315
no longer reported in 2025 (was €184,315)
- Purchases and services -€167,985
no longer reported in 2025 (was €167,985)
- Other operating charges -€4,427
down €4,427 (-51.4%), from €8,605 to €4,178
- Staff costs -€2,800
no longer reported in 2025 (was €2,800)
- Depreciation +€2,251
up €2,251 (+84.1%), from €2,676 to €4,927
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 | €92,506 | €145,037 | +€52,530 | +56.8% |
| Fixed assets | 21/28 | €15,704 | €32,506 | +€16,801 | +107% |
| Tangible fixed assets | 22/27 | €15,704 | €32,506 | +€16,801 | +107% |
| Furniture and vehicles | 24 | €1,313 | €5,782 | +€4,469 | +341% |
| Other tangible fixed assets | 26 | €14,392 | €26,724 | +€12,332 | +85.7% |
| Current assets | 29/58 | €76,802 | €112,531 | +€35,729 | +46.5% |
| Stocks and contracts in progress | 3 | €50,894 | €109,090 | +€58,196 | +114% |
| Stocks | 30/36 | €50,894 | €109,090 | +€58,196 | +114% |
| Amounts receivable within one year | 40/41 | €25,630 | €10 | -€25,620 | -100.0% |
| Trade receivables | 40 | €25,620 | €0 | -€25,620 | -100% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €278 | €3,431 | +€3,153 | +1,135% |
| Total equity and liabilities | 10/49 | €92,506 | €145,037 | +€52,530 | +56.8% |
| Equity | 10/15 | €24,450 | €31,496 | +€7,047 | +28.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,450 | €16,496 | +€7,047 | +74.6% |
| Amounts payable | 17/49 | €68,057 | €113,541 | +€45,484 | +66.8% |
| Amounts payable within one year | 42/48 | €68,057 | €113,541 | +€45,484 | +66.8% |
| Trade debts | 44 | €49,234 | €17,573 | -€31,661 | -64.3% |
| Suppliers | 440/4 | €49,234 | €17,573 | -€31,661 | -64.3% |
| Taxes, remuneration and social security | 45 | €9,113 | €22,585 | +€13,472 | +148% |
| Taxes | 450/3 | €9,113 | €22,585 | +€13,472 | +148% |
| Other amounts payable | 47/48 | €9,709 | €73,383 | +€63,673 | +656% |
| Turnover | 70 | €184,315 | - | -€184,315 | |
| Goods, raw materials, services and sundry goods | 60/61 | €167,985 | - | -€167,985 | |
| Remuneration, social security and pensions | 62 | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,676 | €4,927 | +€2,251 | +84.1% |
| Other operating charges | 640/8 | €8,605 | €4,178 | -€4,427 | -51.4% |
| Gross operating margin | 9900 | €16,330 | €17,245 | +€915 | +5.6% |
| Operating profit (loss) | 9901 | €2,249 | €8,140 | +€5,891 | +262% |
| Financial charges | 65/66B | €287 | €646 | +€360 | +126% |
| Recurring financial charges | 65 | €287 | €646 | +€360 | +126% |
| Profit (loss) for the period before taxes | 9903 | €1,962 | €7,493 | +€5,531 | +282% |
| Income taxes | 67/77 | €62 | €447 | +€385 | +619% |
| Profit (loss) for the period | 9904 | €1,900 | €7,047 | +€5,147 | +271% |
| Profit (loss) for the period to be appropriated | 9905 | €1,900 | €7,047 | +€5,147 | +271% |
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 24 October 2026 via checked.be.