GLOBAL CONTRACTORS: 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 CONTRACTORS
Largest movements
- Cash +€25,916
up €25,916 (+647.5%), from €4,003 to €29,919
mainly Net result for the year (+€53,948) and Current portion of long-term debt (+€26,643)
- Tangible fixed assets -€9,585
down €9,585 (-4.6%), from €210,285 to €200,700
- Profit (loss) carried forward +€53,948
up €53,948 (+25.6%), from -€211,025 to -€157,077
- Debts after one year -€40,269
down €40,269 (-26.3%), from €153,315 to €113,046
of which Financial debts: -€40,269
- Current portion of long-term debt +€26,643
up €26,643 (+1069.4%), from €2,491 to €29,134
- Other debts -€16,783
down €16,783 (-11.5%), from €146,475 to €129,692
- Trade debts -€8,404
down €8,404 (-19.0%), from €44,228 to €35,824
- Gross operating margin +€61,724
up €61,724 (+263.8%), from €23,399 to €85,123
- Other operating charges -€11,875
down €11,875 (-38.7%), from €30,705 to €18,830
- Financial charges +€2,551
up €2,551 (+1220.2%), from €209 to €2,760
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 | €215,517 | €230,619 | +€15,103 | +7.0% |
| Fixed assets | 21/28 | €210,285 | €200,700 | -€9,585 | -4.6% |
| Tangible fixed assets | 22/27 | €210,285 | €200,700 | -€9,585 | -4.6% |
| Land and buildings | 22 | €210,285 | €200,700 | -€9,585 | -4.6% |
| Current assets | 29/58 | €5,232 | €29,919 | +€24,688 | +471.9% |
| Cash at bank and in hand | 54/58 | €4,003 | €29,919 | +€25,916 | +647.5% |
| Deferred charges and accrued income | 490/1 | €1,229 | - | -€1,229 | |
| Total equity and liabilities | 10/49 | €215,517 | €230,619 | +€15,103 | +7.0% |
| Equity | 10/15 | -€131,025 | -€77,077 | +€53,948 | +41.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,025 | -€157,077 | +€53,948 | +25.6% |
| Amounts payable | 17/49 | €346,541 | €307,696 | -€38,845 | -11.2% |
| Amounts payable after more than one year | 17 | €153,315 | €113,046 | -€40,269 | -26.3% |
| Financial debts | 170/4 | €40,269 | - | -€40,269 | |
| Other amounts payable | 178/9 | €113,046 | €113,046 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,226 | €194,650 | +€1,424 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €2,491 | €29,134 | +€26,643 | +1069.4% |
| Financial debts | 43 | €32 | - | -€32 | |
| Credit institutions | 430/8 | €32 | - | -€32 | |
| Trade debts | 44 | €44,228 | €35,824 | -€8,404 | -19.0% |
| Suppliers | 440/4 | €44,228 | €35,824 | -€8,404 | -19.0% |
| Other amounts payable | 47/48 | €146,475 | €129,692 | -€16,783 | -11.5% |
| Non-recurring operating income | 76A | - | €49,035 | +€49,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,585 | €9,585 | = | 0.0% |
| Other operating charges | 640/8 | €30,705 | €18,830 | -€11,875 | -38.7% |
| Non-recurring operating charges | 66A | €8,350 | - | -€8,350 | |
| Gross operating margin | 9900 | €23,399 | €85,123 | +€61,724 | +263.8% |
| Operating profit (loss) | 9901 | -€25,241 | €56,708 | +€81,949 | |
| Financial charges | 65/66B | €209 | €2,760 | +€2,551 | +1220.2% |
| Recurring financial charges | 65 | €209 | €2,760 | +€2,551 | +1220.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,450 | €53,948 | +€79,397 | |
| Profit (loss) for the period | 9904 | -€25,450 | €53,948 | +€79,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,450 | €53,948 | +€79,397 |
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 11 October 2026 via checked.be.