Global Business Cabling: 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 Cabling
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-28.6%), from €43,699 to €31,199
- Tangible fixed assets -€11,780
down €11,780 (-28.9%), from €40,827 to €29,047
- Cash +€7,237
up €7,237 (+4,334%), from €167 to €7,404
mainly Net result for the year (+€28,721) and Depreciation (+€24,280)
- Receivables within one year +€5,193
up €5,193 (+35.5%), from €14,625 to €19,818
of which Other amounts receivable: +€4,722
- Deferred charges and accrued income -€1,864
no longer reported in 2025 (was €1,864)
- Reserves +€28,721
up €28,721 (+175%), from €16,432 to €45,153
- Current portion of long-term debt -€17,865
down €17,865 (-60.9%), from €29,320 to €11,455
- Other debts -€13,070
no longer reported in 2025 (was €13,070)
- Short-term financial debts -€11,563
no longer reported in 2025 (was €11,563)
- Debts after one year -€11,455
down €11,455 (-80.6%), from €14,213 to €2,758
- Gross operating margin +€9,000
up €9,000 (+14.6%), from €61,788 to €70,788
- Staff costs -€5,583
down €5,583, from €5,483 to -€100
- Taxes +€5,424
up €5,424 (+60.2%), from €9,015 to €14,439
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 | €103,110 | €89,254 | -€13,856 | -13.4% |
| Fixed assets | 21/28 | €84,526 | €60,246 | -€24,280 | -28.7% |
| Intangible fixed assets | 21 | €43,699 | €31,199 | -€12,500 | -28.6% |
| Tangible fixed assets | 22/27 | €40,827 | €29,047 | -€11,780 | -28.9% |
| Furniture and vehicles | 24 | €40,827 | €29,047 | -€11,780 | -28.9% |
| Current assets | 29/58 | €18,584 | €29,008 | +€10,424 | +56.1% |
| Stocks and contracts in progress | 3 | €1,928 | €1,786 | -€142 | -7.4% |
| Stocks | 30/36 | €1,928 | €1,786 | -€142 | -7.4% |
| Amounts receivable within one year | 40/41 | €14,625 | €19,818 | +€5,193 | +35.5% |
| Trade receivables | 40 | €14,500 | €14,971 | +€471 | +3.2% |
| Other amounts receivable | 41 | €125 | €4,847 | +€4,722 | +3,778% |
| Cash at bank and in hand | 54/58 | €167 | €7,404 | +€7,237 | +4,334% |
| Deferred charges and accrued income | 490/1 | €1,864 | - | -€1,864 | |
| Total equity and liabilities | 10/49 | €103,110 | €89,254 | -€13,856 | -13.4% |
| Equity | 10/15 | €22,932 | €51,653 | +€28,721 | +125% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €16,432 | €45,153 | +€28,721 | +175% |
| Distributable reserves | 133 | €16,432 | €45,153 | +€28,721 | +175% |
| Amounts payable | 17/49 | €80,178 | €37,601 | -€42,577 | -53.1% |
| Amounts payable after more than one year | 17 | €14,213 | €2,758 | -€11,455 | -80.6% |
| Financial debts | 170/4 | €14,213 | €2,758 | -€11,455 | -80.6% |
| Amounts payable within one year | 42/48 | €65,965 | €34,843 | -€31,122 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €29,320 | €11,455 | -€17,865 | -60.9% |
| Financial debts | 43 | €11,563 | - | -€11,563 | |
| Credit institutions | 430/8 | €11,563 | - | -€11,563 | |
| Trade debts | 44 | €2,471 | €2,934 | +€463 | +18.7% |
| Suppliers | 440/4 | €2,471 | €2,934 | +€463 | +18.7% |
| Taxes, remuneration and social security | 45 | €9,541 | €20,454 | +€10,913 | +114% |
| Taxes | 450/3 | €9,147 | €20,454 | +€11,307 | +124% |
| Remuneration and social security | 454/9 | €394 | - | -€394 | |
| Other amounts payable | 47/48 | €13,070 | - | -€13,070 | |
| Remuneration, social security and pensions | 62 | €5,483 | -€100 | -€5,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,280 | €24,280 | = | 0.0% |
| Other operating charges | 640/8 | €735 | €625 | -€110 | -15.0% |
| Gross operating margin | 9900 | €61,788 | €70,788 | +€9,000 | +14.6% |
| Operating profit (loss) | 9901 | €31,290 | €45,983 | +€14,693 | +47.0% |
| Financial charges | 65/66B | €3,005 | €2,823 | -€182 | -6.1% |
| Recurring financial charges | 65 | €3,005 | €2,823 | -€182 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €28,285 | €43,160 | +€14,875 | +52.6% |
| Income taxes | 67/77 | €9,015 | €14,439 | +€5,424 | +60.2% |
| Profit (loss) for the period | 9904 | €19,270 | €28,721 | +€9,451 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,270 | €28,721 | +€9,451 | +49.0% |
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 29 October 2026 via checked.be.