GLOBAL ELECTRIC: 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 ELECTRIC
Largest movements
- Receivables within one year +€99,907
up €99,907 (+664%), from €15,057 to €114,964
of which Trade receivables: +€95,695
- Cash +€2,253
up €2,253 (+16.7%), from €13,505 to €15,758
mainly Trade debts (+€153,938) and Depreciation (+€2,274)
- Trade debts +€153,938
up €153,938 (+14,602%), from €1,054 to €154,992
- Profit (loss) carried forward -€48,980
down €48,980, from €375 to -€48,605
- Tax, wage and social debts -€2,930
down €2,930 (-15.3%), from €19,098 to €16,167
of which Taxes: -€6,004
- Staff costs +€40,031
up €40,031 (+142%), from €28,120 to €68,152
- Gross operating margin -€12,699
down €12,699 (-36.0%), from €35,285 to €22,586
- Depreciation -€3,088
down €3,088 (-57.6%), from €5,362 to €2,274
- Taxes -€645
down €645 (-73.0%), from €884 to €239
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 | €35,440 | €136,358 | +€100,918 | +285% |
| Formation expenses | 20 | €12 | - | -€12 | |
| Fixed assets | 21/28 | €6,866 | €5,636 | -€1,230 | -17.9% |
| Tangible fixed assets | 22/27 | €6,866 | €5,636 | -€1,230 | -17.9% |
| Plant, machinery and equipment | 23 | €850 | €1,415 | +€565 | +66.5% |
| Furniture and vehicles | 24 | €6,016 | €4,221 | -€1,796 | -29.8% |
| Current assets | 29/58 | €28,562 | €130,722 | +€102,160 | +358% |
| Amounts receivable within one year | 40/41 | €15,057 | €114,964 | +€99,907 | +664% |
| Trade receivables | 40 | €14,740 | €110,436 | +€95,695 | +649% |
| Other amounts receivable | 41 | €317 | €4,528 | +€4,211 | +1,331% |
| Cash at bank and in hand | 54/58 | €13,505 | €15,758 | +€2,253 | +16.7% |
| Total equity and liabilities | 10/49 | €35,440 | €136,358 | +€100,918 | +285% |
| Equity | 10/15 | €1,375 | -€47,605 | -€48,980 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €375 | -€48,605 | -€48,980 | |
| Amounts payable | 17/49 | €34,065 | €183,963 | +€149,897 | +440% |
| Amounts payable within one year | 42/48 | €34,065 | €183,963 | +€149,897 | +440% |
| Trade debts | 44 | €1,054 | €154,992 | +€153,938 | +14,602% |
| Suppliers | 440/4 | €1,054 | €154,992 | +€153,938 | +14,602% |
| Taxes, remuneration and social security | 45 | €19,098 | €16,167 | -€2,930 | -15.3% |
| Taxes | 450/3 | €11,113 | €5,109 | -€6,004 | -54.0% |
| Remuneration and social security | 454/9 | €7,985 | €11,059 | +€3,074 | +38.5% |
| Other amounts payable | 47/48 | €13,913 | €12,803 | -€1,110 | -8.0% |
| Remuneration, social security and pensions | 62 | €28,120 | €68,152 | +€40,031 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,362 | €2,274 | -€3,088 | -57.6% |
| Other operating charges | 640/8 | €314 | €365 | +€50 | +16.0% |
| Gross operating margin | 9900 | €35,285 | €22,586 | -€12,699 | -36.0% |
| Operating profit (loss) | 9901 | €1,489 | -€48,204 | -€49,693 | |
| Financial charges | 65/66B | €230 | €537 | +€307 | +133% |
| Recurring financial charges | 65 | €230 | €537 | +€307 | +133% |
| Profit (loss) for the period before taxes | 9903 | €1,259 | -€48,741 | -€50,000 | |
| Income taxes | 67/77 | €884 | €239 | -€645 | -73.0% |
| Profit (loss) for the period | 9904 | €375 | -€48,980 | -€49,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €375 | -€48,980 | -€49,355 |
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 17 October 2026 via checked.be.