GLOBAL COMMERCE: what changed
Two fiscal 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 COMMERCE
Largest movements
- Cash +€1,915
up €1,915 (+19.6%), from €9,792 to €11,707
mainly Other debts (+€10,889) and Receivables within one year (+€403)
- Receivables within one year -€403
down €403 (-64.2%), from €628 to €225
- Other debts +€10,889
up €10,889 (+8.4%), from €129,983 to €140,871
- Profit (loss) carried forward -€8,926
down €8,926 (-4.6%), from -€193,764 to -€202,689
- Accrued charges and deferred income -€612
no longer reported in 2025 (was €612)
- Trade debts +€160
new in 2025: €160
- Gross operating margin +€21,812
up €21,812 (+75.8%), from -€28,777 to -€6,965
- Financial income +€1,505
new in 2025: €1,505
- Financial charges +€1,397
up €1,397 (+175.4%), from €796 to €2,193
- Other operating charges -€1,005
down €1,005 (-44.1%), from €2,277 to €1,272
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.
Cash bridge derived
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 | €10,732 | €12,243 | +€1,512 | +14.1% |
| Fixed assets | 21/28 | €311 | €311 | = | 0.0% |
| Financial fixed assets | 28 | €311 | €311 | = | 0.0% |
| Current assets | 29/58 | €10,420 | €11,932 | +€1,512 | +14.5% |
| Amounts receivable within one year | 40/41 | €628 | €225 | -€403 | -64.2% |
| Other amounts receivable | 41 | €628 | €225 | -€403 | -64.2% |
| Cash at bank and in hand | 54/58 | €9,792 | €11,707 | +€1,915 | +19.6% |
| Total equity and liabilities | 10/49 | €10,732 | €12,243 | +€1,512 | +14.1% |
| Equity | 10/15 | -€119,863 | -€128,789 | -€8,926 | -7.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €11,927 | €11,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €5,730 | €5,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,764 | -€202,689 | -€8,926 | -4.6% |
| Amounts payable | 17/49 | €130,595 | €141,032 | +€10,437 | +8.0% |
| Amounts payable within one year | 42/48 | €129,983 | €141,032 | +€11,049 | +8.5% |
| Trade debts | 44 | - | €160 | +€160 | |
| Suppliers | 440/4 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €129,983 | €140,871 | +€10,889 | +8.4% |
| Accrued charges and deferred income | 492/3 | €612 | - | -€612 | |
| Other operating charges | 640/8 | €2,277 | €1,272 | -€1,005 | -44.1% |
| Gross operating margin | 9900 | -€28,777 | -€6,965 | +€21,812 | +75.8% |
| Operating profit (loss) | 9901 | -€31,053 | -€8,237 | +€22,816 | +73.5% |
| Financial income | 75/76B | - | €1,505 | +€1,505 | |
| Recurring financial income | 75 | - | €1,505 | +€1,505 | |
| Financial charges | 65/66B | €796 | €2,193 | +€1,397 | +175.4% |
| Recurring financial charges | 65 | €796 | €2,193 | +€1,397 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,850 | -€8,926 | +€22,924 | +72.0% |
| Profit (loss) for the period | 9904 | -€31,850 | -€8,926 | +€22,924 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,850 | -€8,926 | +€22,924 | +72.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.