Global Connexions: what changed
Global Connexions
Largest movements
- Receivables within one year +€706,602
up €706,602 (+327%), from €215,931 to €922,533
of which Trade receivables: +€706,602
- Tangible fixed assets +€249,782
up €249,782 (+140%), from €178,663 to €428,445
of which Furniture and vehicles: +€162,118
- Deferred charges and accrued income +€159,708
up €159,708 (+11,568%), from €1,381 to €161,088
- Cash -€153,516
down €153,516 (-98.7%), from €155,492 to €1,976
mainly Receivables within one year (-€706,602) and Investment in fixed assets (net) (-€365,654)
- Financial fixed assets +€16,005
up €16,005 (+26.8%), from €59,801 to €75,806
- Trade debts +€371,988
up €371,988 (+277%), from €134,142 to €506,130
of which Suppliers: +€372,545
- Debts after one year +€236,308
up €236,308 (+208%), from €113,349 to €349,658
- Tax, wage and social debts +€160,699
up €160,699 (+235%), from €68,422 to €229,121
of which Remuneration and social security: +€130,078
- Current portion of long-term debt +€119,747
up €119,747 (+197%), from €60,894 to €180,641
- Profit (loss) carried forward +€73,071
up €73,071 (+57.3%), from €127,527 to €200,598
- Gross operating margin +€357,256
up €357,256 (+65.3%), from €547,390 to €904,646
- Staff costs +€261,875
up €261,875 (+76.0%), from €344,503 to €606,379
- Depreciation +€44,365
up €44,365 (+79.9%), from €55,502 to €99,867
- Financial charges +€32,637
up €32,637 (+71.5%), from €45,631 to €78,268
- Taxes -€9,622
down €9,622 (-76.2%), from €12,622 to €3,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,268 | €1,589,849 | +€978,580 | +160% |
| Fixed assets | 21/28 | €238,464 | €504,251 | +€265,787 | +111% |
| Tangible fixed assets | 22/27 | €178,663 | €428,445 | +€249,782 | +140% |
| Plant, machinery and equipment | 23 | - | €87,665 | +€87,665 | |
| Furniture and vehicles | 24 | €178,663 | €340,781 | +€162,118 | +90.7% |
| Financial fixed assets | 28 | €59,801 | €75,806 | +€16,005 | +26.8% |
| Current assets | 29/58 | €372,804 | €1,085,597 | +€712,793 | +191% |
| Amounts receivable within one year | 40/41 | €215,931 | €922,533 | +€706,602 | +327% |
| Trade receivables | 40 | €215,931 | €922,533 | +€706,602 | +327% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €155,492 | €1,976 | -€153,516 | -98.7% |
| Deferred charges and accrued income | 490/1 | €1,381 | €161,088 | +€159,708 | +11,568% |
| Total equity and liabilities | 10/49 | €611,268 | €1,589,849 | +€978,580 | +160% |
| Equity | 10/15 | €132,527 | €205,598 | +€73,071 | +55.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,527 | €200,598 | +€73,071 | +57.3% |
| Amounts payable | 17/49 | €478,741 | €1,384,250 | +€905,509 | +189% |
| Amounts payable after more than one year | 17 | €113,349 | €349,658 | +€236,308 | +208% |
| Financial debts | 170/4 | €113,349 | €349,658 | +€236,308 | +208% |
| Amounts payable within one year | 42/48 | €365,392 | €1,034,593 | +€669,201 | +183% |
| Current portion of amounts payable after more than one year | 42 | €60,894 | €180,641 | +€119,747 | +197% |
| Trade debts | 44 | €134,142 | €506,130 | +€371,988 | +277% |
| Suppliers | 440/4 | €133,586 | €506,130 | +€372,545 | +279% |
| Bills of exchange payable | 441 | €556 | €0 | -€556 | -100% |
| Taxes, remuneration and social security | 45 | €68,422 | €229,121 | +€160,699 | +235% |
| Taxes | 450/3 | €7,800 | €38,421 | +€30,621 | +393% |
| Remuneration and social security | 454/9 | €60,622 | €190,700 | +€130,078 | +215% |
| Other amounts payable | 47/48 | €101,934 | €118,700 | +€16,766 | +16.4% |
| Non-recurring operating income | 76A | €0 | €6,770 | +€6,770 | |
| Remuneration, social security and pensions | 62 | €344,503 | €606,379 | +€261,875 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,502 | €99,867 | +€44,365 | +79.9% |
| Other operating charges | 640/8 | €5,419 | €12,792 | +€7,373 | +136% |
| Non-recurring operating charges | 66A | €19,844 | €31,827 | +€11,983 | +60.4% |
| Gross operating margin | 9900 | €547,390 | €904,646 | +€357,256 | +65.3% |
| Operating profit (loss) | 9901 | €122,122 | €153,781 | +€31,659 | +25.9% |
| Financial income | 75/76B | €755 | €558 | -€197 | -26.1% |
| Recurring financial income | 75 | €755 | €558 | -€197 | -26.1% |
| Financial charges | 65/66B | €45,631 | €78,268 | +€32,637 | +71.5% |
| Recurring financial charges | 65 | €45,631 | €78,268 | +€32,637 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €77,246 | €76,071 | -€1,175 | -1.5% |
| Income taxes | 67/77 | €12,622 | €3,000 | -€9,622 | -76.2% |
| Profit (loss) for the period | 9904 | €64,624 | €73,071 | +€8,447 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,624 | €73,071 | +€8,447 | +13.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.