Global Connecting Enterprise: 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 Connecting Enterprise
Largest movements
- Cash +€9,100
up €9,100 (+256%), from €3,561 to €12,660
mainly Net result for the year (+€10,114) and Receivables within one year (+€5,050)
- Receivables within one year -€5,050
down €5,050 (-46.5%), from €10,859 to €5,809
of which Other amounts receivable: -€5,183
- Intangible fixed assets -€1,683
down €1,683 (-63.4%), from €2,656 to €973
- Deferred charges and accrued income -€1,178
down €1,178 (-100%), from €1,178 to €0
- Tangible fixed assets -€675
down €675 (-62.7%), from €1,078 to €403
- Other debts +€1,000
up €1,000 (+11.1%), from €9,000 to €10,000
- Tax, wage and social debts -€560
down €560 (-86.0%), from €652 to €92
- Gross operating margin -€1,822
down €1,822 (-12.6%), from €14,512 to €12,689
- Taxes -€560
down €560 (-86.0%), from €652 to €92
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 | €19,333 | €19,845 | +€513 | +2.7% |
| Fixed assets | 21/28 | €3,734 | €1,376 | -€2,359 | -63.2% |
| Intangible fixed assets | 21 | €2,656 | €973 | -€1,683 | -63.4% |
| Tangible fixed assets | 22/27 | €1,078 | €403 | -€675 | -62.7% |
| Plant, machinery and equipment | 23 | €1,078 | €403 | -€675 | -62.7% |
| Current assets | 29/58 | €15,598 | €18,470 | +€2,872 | +18.4% |
| Amounts receivable within one year | 40/41 | €10,859 | €5,809 | -€5,050 | -46.5% |
| Trade receivables | 40 | €0 | €133 | +€133 | |
| Other amounts receivable | 41 | €10,859 | €5,677 | -€5,183 | -47.7% |
| Cash at bank and in hand | 54/58 | €3,561 | €12,660 | +€9,100 | +256% |
| Deferred charges and accrued income | 490/1 | €1,178 | €0 | -€1,178 | -100% |
| Total equity and liabilities | 10/49 | €19,333 | €19,845 | +€513 | +2.7% |
| Equity | 10/15 | €9,640 | €9,754 | +€114 | +1.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,640 | €3,754 | +€114 | +3.1% |
| Amounts payable | 17/49 | €9,693 | €10,092 | +€399 | +4.1% |
| Amounts payable within one year | 42/48 | €9,693 | €10,092 | +€399 | +4.1% |
| Trade debts | 44 | €41 | €0 | -€41 | -100% |
| Suppliers | 440/4 | €41 | €0 | -€41 | -100% |
| Taxes, remuneration and social security | 45 | €652 | €92 | -€560 | -86.0% |
| Taxes | 450/3 | €652 | €92 | -€560 | -86.0% |
| Other amounts payable | 47/48 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €2,359 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €14,512 | €12,689 | -€1,822 | -12.6% |
| Operating profit (loss) | 9901 | €12,035 | €10,211 | -€1,824 | -15.2% |
| Financial income | 75/76B | €70 | €114 | +€44 | +63.5% |
| Recurring financial income | 75 | €70 | €114 | +€44 | +63.5% |
| Financial charges | 65/66B | €122 | €120 | -€2 | -1.6% |
| Recurring financial charges | 65 | €122 | €120 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €11,983 | €10,206 | -€1,778 | -14.8% |
| Income taxes | 67/77 | €652 | €92 | -€560 | -86.0% |
| Profit (loss) for the period | 9904 | €11,332 | €10,114 | -€1,218 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,332 | €10,114 | -€1,218 | -10.7% |
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 31 October 2026 via checked.be.