Global Communication Systems: 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 Communication Systems
Largest movements
- Receivables within one year -€102,232
down €102,232 (-16.5%), from €619,463 to €517,231
of which Trade receivables: -€117,453
- Cash +€57,682
up €57,682 (+187%), from €30,928 to €88,610
mainly Receivables within one year (+€102,232) and Tax, wage and social debts (+€63,672)
- Tangible fixed assets -€47,705
down €47,705 (-4.6%), from €1.0m to €989,015
of which Land and buildings: -€33,250
- Stocks and contracts +€28,829
up €28,829 (+14.8%), from €195,149 to €223,978
- Debts after one year -€88,352
down €88,352 (-16.8%), from €527,124 to €438,771
- Tax, wage and social debts +€63,672
up €63,672 (+24.7%), from €257,853 to €321,525
- Trade debts -€46,533
down €46,533 (-15.9%), from €293,437 to €246,904
- Gross operating margin +€150,491
up €150,491 (+13.6%), from €1.1m to €1.3m
- Staff costs +€108,539
up €108,539 (+11.2%), from €968,390 to €1.1m
- Write-downs -€91,315
down €91,315, from €10,714 to -€80,601
- Other operating charges +€81,077
up €81,077 (+307%), from €26,381 to €107,458
- Taxes +€35,618
up €35,618 (+187%), from €19,097 to €54,716
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,895,904 | €1,837,449 | -€58,455 | -3.1% |
| Fixed assets | 21/28 | €1,038,460 | €990,755 | -€47,705 | -4.6% |
| Tangible fixed assets | 22/27 | €1,036,720 | €989,015 | -€47,705 | -4.6% |
| Land and buildings | 22 | €991,225 | €957,975 | -€33,250 | -3.4% |
| Furniture and vehicles | 24 | €32,555 | €12,729 | -€19,826 | -60.9% |
| Other tangible fixed assets | 26 | €12,940 | €18,311 | +€5,371 | +41.5% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €857,445 | €846,694 | -€10,751 | -1.3% |
| Stocks and contracts in progress | 3 | €195,149 | €223,978 | +€28,829 | +14.8% |
| Stocks | 30/36 | €195,149 | €223,978 | +€28,829 | +14.8% |
| Amounts receivable within one year | 40/41 | €619,463 | €517,231 | -€102,232 | -16.5% |
| Trade receivables | 40 | €549,343 | €431,891 | -€117,453 | -21.4% |
| Other amounts receivable | 41 | €70,119 | €85,341 | +€15,221 | +21.7% |
| Cash at bank and in hand | 54/58 | €30,928 | €88,610 | +€57,682 | +187% |
| Deferred charges and accrued income | 490/1 | €11,905 | €16,875 | +€4,970 | +41.7% |
| Total equity and liabilities | 10/49 | €1,895,904 | €1,837,449 | -€58,455 | -3.1% |
| Equity | 10/15 | €558,669 | €574,860 | +€16,191 | +2.9% |
| Contributions | 10/11 | €78,750 | €78,750 | = | 0.0% |
| Revaluation surpluses | 12 | €530,225 | €530,225 | = | 0.0% |
| Reserves | 13 | €112,296 | €112,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,875 | €7,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,875 | €7,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,421 | €39,421 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,602 | -€146,410 | +€16,191 | +10.0% |
| Provisions and deferred taxes | 16 | €68,788 | €68,788 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,788 | €68,788 | = | 0.0% |
| Other liabilities and charges | 164/5 | €68,788 | €68,788 | = | 0.0% |
| Amounts payable | 17/49 | €1,268,448 | €1,193,801 | -€74,647 | -5.9% |
| Amounts payable after more than one year | 17 | €527,124 | €438,771 | -€88,352 | -16.8% |
| Financial debts | 170/4 | €527,124 | €438,771 | -€88,352 | -16.8% |
| Amounts payable within one year | 42/48 | €741,325 | €753,830 | +€12,506 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €189,849 | €184,610 | -€5,239 | -2.8% |
| Trade debts | 44 | €293,437 | €246,904 | -€46,533 | -15.9% |
| Suppliers | 440/4 | €293,437 | €246,904 | -€46,533 | -15.9% |
| Taxes, remuneration and social security | 45 | €257,853 | €321,525 | +€63,672 | +24.7% |
| Taxes | 450/3 | €257,853 | €321,525 | +€63,672 | +24.7% |
| Other amounts payable | 47/48 | €186 | €793 | +€606 | +325% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Remuneration, social security and pensions | 62 | €968,390 | €1,076,928 | +€108,539 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,869 | €46,128 | -€3,741 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,714 | -€80,601 | -€91,315 | |
| Other operating charges | 640/8 | €26,381 | €107,458 | +€81,077 | +307% |
| Gross operating margin | 9900 | €1,104,880 | €1,255,371 | +€150,491 | +13.6% |
| Operating profit (loss) | 9901 | €49,526 | €105,457 | +€55,931 | +113% |
| Financial income | 75/76B | €8,304 | €5,060 | -€3,244 | -39.1% |
| Recurring financial income | 75 | €8,304 | €5,060 | -€3,244 | -39.1% |
| Financial charges | 65/66B | €36,880 | €39,611 | +€2,730 | +7.4% |
| Recurring financial charges | 65 | €36,880 | €39,611 | +€2,730 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €20,949 | €70,907 | +€49,957 | +238% |
| Income taxes | 67/77 | €19,097 | €54,716 | +€35,618 | +187% |
| Profit (loss) for the period | 9904 | €1,852 | €16,191 | +€14,339 | +774% |
| Profit (loss) for the period to be appropriated | 9905 | €1,852 | €16,191 | +€14,339 | +774% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.