GLOBAL DEVELOPMENT CONSULT: what changed
Two fiscal 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 DEVELOPMENT CONSULT
Largest movements
- Cash +€1,434
up €1,434 (+286.0%), from €501 to €1,935
mainly Other debts (+€8,735) and Tax, wage and social debts (+€419)
- Receivables within one year +€649
up €649 (+8.4%), from €7,711 to €8,360
of which Trade receivables: +€1,100
- Tangible fixed assets -€337
no longer reported in 2025 (was €337)
- Deferred charges and accrued income +€173
up €173 (+11.1%), from €1,549 to €1,721
- Other debts +€8,735
up €8,735 (+9.7%), from €90,057 to €98,792
- Profit (loss) carried forward -€6,763
down €6,763 (-7.6%), from -€88,694 to -€95,457
- Trade debts -€472
down €472 (-18.9%), from €2,492 to €2,020
- Tax, wage and social debts +€419
up €419 (+25.7%), from €1,632 to €2,051
- Gross operating margin +€29,275
up €29,275 (+88.7%), from -€32,994 to -€3,720
- Depreciation -€368
down €368 (-52.2%), from €705 to €337
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 | €13,548 | €15,466 | +€1,918 | +14.2% |
| Fixed assets | 21/28 | €3,787 | €3,450 | -€337 | -8.9% |
| Tangible fixed assets | 22/27 | €337 | - | -€337 | |
| Plant, machinery and equipment | 23 | €337 | - | -€337 | |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €9,761 | €12,016 | +€2,255 | +23.1% |
| Amounts receivable within one year | 40/41 | €7,711 | €8,360 | +€649 | +8.4% |
| Trade receivables | 40 | €7,260 | €8,360 | +€1,100 | +15.2% |
| Other amounts receivable | 41 | €451 | - | -€451 | |
| Cash at bank and in hand | 54/58 | €501 | €1,935 | +€1,434 | +286.0% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,721 | +€173 | +11.1% |
| Total equity and liabilities | 10/49 | €13,548 | €15,466 | +€1,918 | +14.2% |
| Equity | 10/15 | -€80,634 | -€87,397 | -€6,763 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€88,694 | -€95,457 | -€6,763 | -7.6% |
| Amounts payable | 17/49 | €94,182 | €102,863 | +€8,681 | +9.2% |
| Amounts payable within one year | 42/48 | €94,182 | €102,863 | +€8,681 | +9.2% |
| Trade debts | 44 | €2,492 | €2,020 | -€472 | -18.9% |
| Suppliers | 440/4 | €2,492 | €2,020 | -€472 | -18.9% |
| Taxes, remuneration and social security | 45 | €1,632 | €2,051 | +€419 | +25.7% |
| Taxes | 450/3 | €1,632 | €2,051 | +€419 | +25.7% |
| Other amounts payable | 47/48 | €90,057 | €98,792 | +€8,735 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €705 | €337 | -€368 | -52.2% |
| Other operating charges | 640/8 | €1,710 | €1,730 | +€20 | +1.2% |
| Gross operating margin | 9900 | -€32,994 | -€3,720 | +€29,275 | +88.7% |
| Operating profit (loss) | 9901 | -€35,410 | -€5,787 | +€29,623 | +83.7% |
| Financial charges | 65/66B | €136 | €182 | +€46 | +34.0% |
| Recurring financial charges | 65 | €136 | €182 | +€46 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,545 | -€5,969 | +€29,577 | +83.2% |
| Income taxes | 67/77 | €822 | €795 | -€28 | -3.4% |
| Profit (loss) for the period | 9904 | -€36,368 | -€6,763 | +€29,605 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,368 | -€6,763 | +€29,605 | +81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.