GLOBAL ENGINEERING GROUP: 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 ENGINEERING GROUP
Largest movements
- Receivables within one year +€23,963
up €23,963 (+158.0%), from €15,171 to €39,134
of which Trade receivables: +€23,473
- Cash -€11,455
no longer reported in 2025 (was €11,455)
mainly Receivables within one year (-€23,963) and Investment in fixed assets (net) (-€18,307)
- Tangible fixed assets +€11,268
up €11,268 (+361.3%), from €3,119 to €14,387
of which Furniture and vehicles: +€9,928
- Profit (loss) carried forward +€29,644
up €29,644 (+60.4%), from -€49,064 to -€19,420
- Trade debts +€12,612
up €12,612 (+90.8%), from €13,894 to €26,505
- Short-term financial debts -€9,631
down €9,631 (-87.1%), from €11,056 to €1,424
- Other debts -€5,268
down €5,268 (-20.8%), from €25,298 to €20,030
- Tax, wage and social debts -€3,675
down €3,675 (-36.5%), from €10,058 to €6,382
of which Remuneration and social security: -€3,331
- Gross operating margin +€31,012
up €31,012 (+61.2%), from €50,648 to €81,660
- Depreciation +€2,652
up €2,652 (+60.5%), from €4,387 to €7,039
- Staff costs -€2,506
down €2,506 (-6.0%), from €41,845 to €39,339
- Taxes +€1,444
new in 2025: €1,444
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 | €29,840 | €53,522 | +€23,681 | +79.4% |
| Fixed assets | 21/28 | €3,119 | €14,387 | +€11,268 | +361.3% |
| Tangible fixed assets | 22/27 | €3,119 | €14,387 | +€11,268 | +361.3% |
| Plant, machinery and equipment | 23 | - | €1,340 | +€1,340 | |
| Furniture and vehicles | 24 | €3,119 | €13,047 | +€9,928 | +318.3% |
| Current assets | 29/58 | €26,721 | €39,134 | +€12,413 | +46.5% |
| Amounts receivable within one year | 40/41 | €15,171 | €39,134 | +€23,963 | +158.0% |
| Trade receivables | 40 | €15,171 | €38,644 | +€23,473 | +154.7% |
| Other amounts receivable | 41 | - | €490 | +€490 | |
| Cash at bank and in hand | 54/58 | €11,455 | - | -€11,455 | |
| Deferred charges and accrued income | 490/1 | €95 | - | -€95 | |
| Total equity and liabilities | 10/49 | €29,840 | €53,522 | +€23,681 | +79.4% |
| Equity | 10/15 | -€30,464 | -€820 | +€29,644 | +97.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,064 | -€19,420 | +€29,644 | +60.4% |
| Amounts payable | 17/49 | €60,305 | €54,342 | -€5,963 | -9.9% |
| Amounts payable within one year | 42/48 | €60,305 | €54,342 | -€5,963 | -9.9% |
| Financial debts | 43 | €11,056 | €1,424 | -€9,631 | -87.1% |
| Credit institutions | 430/8 | €11,056 | €1,424 | -€9,631 | -87.1% |
| Trade debts | 44 | €13,894 | €26,505 | +€12,612 | +90.8% |
| Suppliers | 440/4 | €13,894 | €26,505 | +€12,612 | +90.8% |
| Taxes, remuneration and social security | 45 | €10,058 | €6,382 | -€3,675 | -36.5% |
| Taxes | 450/3 | €6,727 | €6,382 | -€344 | -5.1% |
| Remuneration and social security | 454/9 | €3,331 | - | -€3,331 | |
| Other amounts payable | 47/48 | €25,298 | €20,030 | -€5,268 | -20.8% |
| Remuneration, social security and pensions | 62 | €41,845 | €39,339 | -€2,506 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,387 | €7,039 | +€2,652 | +60.5% |
| Other operating charges | 640/8 | €763 | €1,199 | +€436 | +57.2% |
| Non-recurring operating charges | 66A | €125 | €687 | +€562 | +449.5% |
| Gross operating margin | 9900 | €50,648 | €81,660 | +€31,012 | +61.2% |
| Operating profit (loss) | 9901 | €3,529 | €33,396 | +€29,867 | +846.3% |
| Financial income | 75/76B | €1 | €32 | +€31 | +5301.7% |
| Recurring financial income | 75 | €1 | €32 | +€31 | +5301.7% |
| Financial charges | 65/66B | €2,151 | €2,340 | +€189 | +8.8% |
| Recurring financial charges | 65 | €2,151 | €2,340 | +€189 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,379 | €31,088 | +€29,709 | +2154.3% |
| Income taxes | 67/77 | - | €1,444 | +€1,444 | |
| Profit (loss) for the period | 9904 | €1,379 | €29,644 | +€28,265 | +2049.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,379 | €29,644 | +€28,265 | +2049.6% |
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.