GLOBAL BUSINESS SOLUTION GROUP: 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 SOLUTION GROUP
Largest movements
- Stocks and contracts -€393,202
down €393,202 (-42.4%), from €926,349 to €533,147
of which Stocks: -€255,843
- Tangible fixed assets +€132,654
up €132,654 (+7,986%), from €1,661 to €134,315
of which Land and buildings: +€133,613
- Cash -€31,655
down €31,655 (-96.7%), from €32,753 to €1,097
mainly Other debts (-€233,441) and Investment in fixed assets (net) (-€137,625)
- Other debts -€233,441
down €233,441 (-32.6%), from €717,034 to €483,593
- Short-term financial debts -€26,141
down €26,141 (-53.2%), from €49,113 to €22,972
- Profit (loss) carried forward -€23,462
down €23,462 (-317%), from -€7,402 to -€30,864
- Tax, wage and social debts -€16,026
down €16,026 (-29.6%), from €54,087 to €38,060
- Trade debts +€13,001
up €13,001 (+201%), from €6,474 to €19,475
- Gross operating margin -€97,676
down €97,676 (-78.7%), from €124,088 to €26,412
- Financial charges -€44,933
down €44,933 (-86.8%), from €51,754 to €6,822
- Depreciation +€3,689
up €3,689 (+288%), from €1,282 to €4,971
- Other operating charges +€1,382
up €1,382 (+17.7%), from €7,803 to €9,185
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 | €964,098 | €671,898 | -€292,199 | -30.3% |
| Fixed assets | 21/28 | €1,661 | €134,315 | +€132,654 | +7,986% |
| Tangible fixed assets | 22/27 | €1,661 | €134,315 | +€132,654 | +7,986% |
| Land and buildings | 22 | - | €133,613 | +€133,613 | |
| Plant, machinery and equipment | 23 | - | €254 | +€254 | |
| Furniture and vehicles | 24 | €1,661 | €449 | -€1,212 | -73.0% |
| Current assets | 29/58 | €962,437 | €537,583 | -€424,854 | -44.1% |
| Stocks and contracts in progress | 3 | €926,349 | €533,147 | -€393,202 | -42.4% |
| Stocks | 30/36 | €788,990 | €533,147 | -€255,843 | -32.4% |
| Contracts in progress | 37 | €137,359 | €0 | -€137,359 | -100% |
| Amounts receivable within one year | 40/41 | €1,158 | €1,383 | +€225 | +19.4% |
| Trade receivables | 40 | €1,158 | €30 | -€1,128 | -97.4% |
| Other amounts receivable | 41 | €0 | €1,354 | +€1,354 | |
| Cash at bank and in hand | 54/58 | €32,753 | €1,097 | -€31,655 | -96.7% |
| Deferred charges and accrued income | 490/1 | €2,177 | €1,955 | -€222 | -10.2% |
| Total equity and liabilities | 10/49 | €964,098 | €671,898 | -€292,199 | -30.3% |
| Equity | 10/15 | €48,658 | €25,196 | -€23,462 | -48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,460 | €37,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,600 | €35,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,402 | -€30,864 | -€23,462 | -317% |
| Amounts payable | 17/49 | €915,440 | €646,702 | -€268,738 | -29.4% |
| Amounts payable after more than one year | 17 | €82,602 | €76,219 | -€6,383 | -7.7% |
| Financial debts | 170/4 | €82,602 | €76,219 | -€6,383 | -7.7% |
| Amounts payable within one year | 42/48 | €832,837 | €570,483 | -€262,355 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €6,130 | €6,383 | +€253 | +4.1% |
| Financial debts | 43 | €49,113 | €22,972 | -€26,141 | -53.2% |
| Credit institutions | 430/8 | €49,113 | €22,972 | -€26,141 | -53.2% |
| Trade debts | 44 | €6,474 | €19,475 | +€13,001 | +201% |
| Suppliers | 440/4 | €6,474 | €19,475 | +€13,001 | +201% |
| Taxes, remuneration and social security | 45 | €54,087 | €38,060 | -€16,026 | -29.6% |
| Taxes | 450/3 | €54,087 | €38,060 | -€16,026 | -29.6% |
| Other amounts payable | 47/48 | €717,034 | €483,593 | -€233,441 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €4,971 | +€3,689 | +288% |
| Other operating charges | 640/8 | €7,803 | €9,185 | +€1,382 | +17.7% |
| Non-recurring operating charges | 66A | - | €29,041 | +€29,041 | |
| Gross operating margin | 9900 | €124,088 | €26,412 | -€97,676 | -78.7% |
| Operating profit (loss) | 9901 | €115,004 | -€16,785 | -€131,789 | |
| Financial income | 75/76B | €120 | €145 | +€24 | +20.3% |
| Recurring financial income | 75 | €120 | €145 | +€24 | +20.3% |
| Financial charges | 65/66B | €51,754 | €6,822 | -€44,933 | -86.8% |
| Recurring financial charges | 65 | €51,754 | €6,822 | -€44,933 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €63,370 | -€23,462 | -€86,832 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €63,370 | -€23,462 | -€86,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,370 | -€23,462 | -€86,832 |
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 28 October 2026 via checked.be.