Global Connections: 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 Connections
Largest movements
- Receivables within one year -€6,185
down €6,185 (-29.2%), from €21,184 to €14,999
- Cash +€3,753
up €3,753 (+14.8%), from €25,320 to €29,073
mainly Trade debts (+€21,357) and Tax, wage and social debts (+€14,874)
- Deferred charges and accrued income +€723
new in 2024: €723
- Profit (loss) carried forward -€33,277
down €33,277 (-135%), from -€24,587 to -€57,863
- Trade debts +€21,357
up €21,357 (+136%), from €15,720 to €37,078
- Tax, wage and social debts +€14,874
up €14,874 (+80.1%), from €18,574 to €33,448
of which Remuneration and social security: +€12,217
- Other debts -€5,082
down €5,082 (-37.3%), from €13,619 to €8,537
- Staff costs +€64,492
up €64,492 (+84.5%), from €76,349 to €140,841
- Gross operating margin +€31,943
up €31,943 (+39.7%), from €80,420 to €112,363
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,326 | €51,199 | -€2,127 | -4.0% |
| Fixed assets | 21/28 | €6,822 | €6,405 | -€417 | -6.1% |
| Tangible fixed assets | 22/27 | €1,795 | €1,378 | -€417 | -23.2% |
| Plant, machinery and equipment | 23 | €1,795 | €1,378 | -€417 | -23.2% |
| Financial fixed assets | 28 | €5,027 | €5,027 | = | 0.0% |
| Current assets | 29/58 | €46,504 | €44,794 | -€1,710 | -3.7% |
| Amounts receivable within one year | 40/41 | €21,184 | €14,999 | -€6,185 | -29.2% |
| Trade receivables | 40 | €21,184 | €14,999 | -€6,185 | -29.2% |
| Cash at bank and in hand | 54/58 | €25,320 | €29,073 | +€3,753 | +14.8% |
| Deferred charges and accrued income | 490/1 | - | €723 | +€723 | |
| Total equity and liabilities | 10/49 | €53,326 | €51,199 | -€2,127 | -4.0% |
| Equity | 10/15 | €5,413 | -€27,863 | -€33,277 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,587 | -€57,863 | -€33,277 | -135% |
| Amounts payable | 17/49 | €47,913 | €79,063 | +€31,149 | +65.0% |
| Amounts payable within one year | 42/48 | €47,913 | €79,063 | +€31,149 | +65.0% |
| Trade debts | 44 | €15,720 | €37,078 | +€21,357 | +136% |
| Suppliers | 440/4 | €15,720 | €37,078 | +€21,357 | +136% |
| Taxes, remuneration and social security | 45 | €18,574 | €33,448 | +€14,874 | +80.1% |
| Taxes | 450/3 | €9,701 | €12,359 | +€2,658 | +27.4% |
| Remuneration and social security | 454/9 | €8,872 | €21,089 | +€12,217 | +138% |
| Other amounts payable | 47/48 | €13,619 | €8,537 | -€5,082 | -37.3% |
| Remuneration, social security and pensions | 62 | €76,349 | €140,841 | +€64,492 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | €417 | +€126 | +43.1% |
| Other operating charges | 640/8 | €1,922 | €2,637 | +€714 | +37.1% |
| Gross operating margin | 9900 | €80,420 | €112,363 | +€31,943 | +39.7% |
| Operating profit (loss) | 9901 | €1,858 | -€31,531 | -€33,389 | |
| Financial charges | 65/66B | €715 | €1,745 | +€1,030 | +144% |
| Recurring financial charges | 65 | €715 | €1,745 | +€1,030 | +144% |
| Profit (loss) for the period before taxes | 9903 | €1,143 | -€33,277 | -€34,419 | |
| Profit (loss) for the period | 9904 | €1,143 | -€33,277 | -€34,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,143 | -€33,277 | -€34,419 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.