GLOBAL DELEGATION: 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 DELEGATION
Largest movements
- Receivables within one year +€3,288
up €3,288 (+19.3%), from €17,071 to €20,360
- Cash +€1,774
up €1,774 (+365%), from €486 to €2,259
mainly Trade debts (+€2,893) and Net result for the year (+€1,782)
- Trade debts +€2,893
up €2,893 (+434%), from €667 to €3,560
- Profit (loss) carried forward +€1,782
up €1,782 (+5.9%), from -€30,143 to -€28,362
- Other debts +€387
new in 2025: €387
- Gross operating margin +€4,849
up €4,849, from -€3,792 to €1,057
- Financial income -€693
down €693 (-43.3%), from €1,600 to €908
- Taxes -€569
no longer reported in 2025 (was €569)
- Financial charges +€44
up €44 (+31.8%), from €139 to €183
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 | €17,557 | €22,619 | +€5,062 | +28.8% |
| Current assets | 29/58 | €17,557 | €22,619 | +€5,062 | +28.8% |
| Amounts receivable within one year | 40/41 | €17,071 | €20,360 | +€3,288 | +19.3% |
| Other amounts receivable | 41 | €17,071 | €20,360 | +€3,288 | +19.3% |
| Cash at bank and in hand | 54/58 | €486 | €2,259 | +€1,774 | +365% |
| Total equity and liabilities | 10/49 | €17,557 | €22,619 | +€5,062 | +28.8% |
| Equity | 10/15 | €16,890 | €18,671 | +€1,782 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,833 | €40,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,973 | €38,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,143 | -€28,362 | +€1,782 | +5.9% |
| Amounts payable | 17/49 | €667 | €3,948 | +€3,280 | +492% |
| Amounts payable within one year | 42/48 | €667 | €3,948 | +€3,280 | +492% |
| Trade debts | 44 | €667 | €3,560 | +€2,893 | +434% |
| Suppliers | 440/4 | €667 | €3,560 | +€2,893 | +434% |
| Other amounts payable | 47/48 | - | €387 | +€387 | |
| Gross operating margin | 9900 | -€3,792 | €1,057 | +€4,849 | |
| Operating profit (loss) | 9901 | -€3,792 | €1,057 | +€4,849 | |
| Financial income | 75/76B | €1,600 | €908 | -€693 | -43.3% |
| Recurring financial income | 75 | €1,600 | €908 | -€693 | -43.3% |
| Financial charges | 65/66B | €139 | €183 | +€44 | +31.8% |
| Recurring financial charges | 65 | €139 | €183 | +€44 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,330 | €1,782 | +€4,112 | |
| Income taxes | 67/77 | €569 | - | -€569 | |
| Profit (loss) for the period | 9904 | -€2,899 | €1,782 | +€4,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,899 | €1,782 | +€4,681 |
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 26 October 2026 via checked.be.