GLOBAL DESIGN & BUILD: what changed
What changed
GLOBAL DESIGN & BUILD
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€36,876
2024 · €10,868-€47,745
Equity
€1.0m
2024 · €1.1m-€36,876
Cash
€458,231
2024 · €458,467-€235
Balance sheet total
€1.2m
2024 · €1.9m-€735,885
Largest movements
Assets
- Receivables within one year -€529,563
down €529,563 (-64.4%), from €822,167 to €292,603
of which Trade receivables: -€481,843
- Current investments -€200,000
down €200,000 (-33.3%), from €600,000 to €400,000
Equity and liabilities
- Trade debts -€458,983
down €458,983 (-84.4%), from €543,518 to €84,534
- Advances received -€244,631
no longer reported in 2025 (was €244,631)
- Profit (loss) carried forward -€36,876
down €36,876 (-3.6%), from €1.0m to €975,087
Income statement
- Staff costs +€86,958
up €86,958 (+31.8%), from €273,236 to €360,194
- Gross operating margin +€22,949
up €22,949 (+7.7%), from €296,852 to €319,801
- Depreciation -€9,661
down €9,661 (-68.4%), from €14,131 to €4,470
- Financial income +€5,561
up €5,561 (+51.3%), from €10,835 to €16,395
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.
Result 2024
€10,868
Gross operating margin
+€22,949
Staff costs
-€86,958
Depreciation
+€9,661
Other operating charges
+€126
Financial income
+€5,561
Financial charges
+€311
Taxes
+€606
Result 2025
-€36,876
raises the resultlowers the result
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.
From operations
-€196,521
Investment
+€200,000
Financing
-€3,714
Cash 2024
€458,467
From operations (derived)
-€196,521
Net result for the year
-€36,876
Depreciation
+€4,470
Receivables within one year
+€529,563
Deferred charges and accrued income
+€1,616
Trade debts
-€458,983
Tax, wage and social debts
+€8,083
Advances received
-€244,631
Accrued charges and deferred income
+€237
Investment (derived)
+€200,000
Current investments
+€200,000
Financing
-€3,714
Debts after one year
-€3,551
Current portion of long-term debt
-€163
Cash 2025
€458,231
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,911,754 | €1,175,869 | -€735,885 | -38.5% |
| Fixed assets | 21/28 | €21,599 | €17,129 | -€4,470 | -20.7% |
| Tangible fixed assets | 22/27 | €10,267 | €5,797 | -€4,470 | -43.5% |
| Furniture and vehicles | 24 | €10,267 | €5,797 | -€4,470 | -43.5% |
| Financial fixed assets | 28 | €11,333 | €11,333 | = | 0.0% |
| Current assets | 29/58 | €1,890,154 | €1,158,739 | -€731,415 | -38.7% |
| Amounts receivable within one year | 40/41 | €822,167 | €292,603 | -€529,563 | -64.4% |
| Trade receivables | 40 | €691,399 | €209,557 | -€481,843 | -69.7% |
| Other amounts receivable | 41 | €130,767 | €83,046 | -€47,721 | -36.5% |
| Current investments | 50/53 | €600,000 | €400,000 | -€200,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €458,467 | €458,231 | -€235 | -0.1% |
| Deferred charges and accrued income | 490/1 | €9,521 | €7,905 | -€1,616 | -17.0% |
| Total equity and liabilities | 10/49 | €1,911,754 | €1,175,869 | -€735,885 | -38.5% |
| Equity | 10/15 | €1,080,163 | €1,043,287 | -€36,876 | -3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,011,963 | €975,087 | -€36,876 | -3.6% |
| Amounts payable | 17/49 | €831,591 | €132,582 | -€699,009 | -84.1% |
| Amounts payable after more than one year | 17 | €5,209 | €1,658 | -€3,551 | -68.2% |
| Financial debts | 170/4 | €5,209 | €1,658 | -€3,551 | -68.2% |
| Amounts payable within one year | 42/48 | €825,680 | €129,986 | -€695,695 | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €4,030 | €3,867 | -€163 | -4.1% |
| Trade debts | 44 | €543,518 | €84,534 | -€458,983 | -84.4% |
| Suppliers | 440/4 | €543,518 | €84,534 | -€458,983 | -84.4% |
| Advances received on contracts in progress | 46 | €244,631 | - | -€244,631 | |
| Taxes, remuneration and social security | 45 | €33,501 | €41,584 | +€8,083 | +24.1% |
| Remuneration and social security | 454/9 | €33,501 | €41,584 | +€8,083 | +24.1% |
| Accrued charges and deferred income | 492/3 | €702 | €939 | +€237 | +33.7% |
| Non-recurring operating income | 76A | - | €17,910 | +€17,910 | |
| Remuneration, social security and pensions | 62 | €273,236 | €360,194 | +€86,958 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,131 | €4,470 | -€9,661 | -68.4% |
| Other operating charges | 640/8 | €4,474 | €4,349 | -€126 | -2.8% |
| Gross operating margin | 9900 | €296,852 | €319,801 | +€22,949 | +7.7% |
| Operating profit (loss) | 9901 | €5,010 | -€49,211 | -€54,222 | |
| Financial income | 75/76B | €10,835 | €16,395 | +€5,561 | +51.3% |
| Recurring financial income | 75 | €10,835 | €16,395 | +€5,561 | +51.3% |
| Financial charges | 65/66B | €4,206 | €3,895 | -€311 | -7.4% |
| Recurring financial charges | 65 | €4,206 | €3,895 | -€311 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €11,639 | -€36,711 | -€48,351 | |
| Income taxes | 67/77 | €771 | €165 | -€606 | -78.6% |
| Profit (loss) for the period | 9904 | €10,868 | -€36,876 | -€47,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,868 | -€36,876 | -€47,745 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.