GLOBAL ENGINEERING SERVICES: 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 SERVICES
Largest movements
- Cash +€11,521
up €11,521 (+146%), from €7,873 to €19,393
mainly Other debts (+€7,505) and Trade debts (+€3,368)
- Receivables within one year +€3,485
up €3,485 (+8.8%), from €39,753 to €43,238
of which Trade receivables: +€5,911
- Tangible fixed assets -€2,881
down €2,881 (-32.3%), from €8,926 to €6,046
of which Plant, machinery and equipment: -€3,252
- Other debts +€7,505
new in 2025: €7,505
- Trade debts +€3,368
up €3,368 (+9.4%), from €35,757 to €39,125
- Profit (loss) carried forward +€2,632
up €2,632 (+22.3%), from €11,807 to €14,439
- Tax, wage and social debts -€1,381
down €1,381 (-34.6%), from €3,989 to €2,608
- Gross operating margin -€5,211
down €5,211 (-38.3%), from €13,614 to €8,403
- Depreciation +€2,487
up €2,487 (+300%), from €829 to €3,316
- Taxes -€2,208
down €2,208 (-71.8%), from €3,073 to €865
- Financial charges +€368
up €368 (+135%), from €272 to €640
- Other operating charges +€242
up €242 (+34.0%), from €713 to €955
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 | €56,552 | €68,677 | +€12,125 | +21.4% |
| Fixed assets | 21/28 | €8,926 | €6,046 | -€2,881 | -32.3% |
| Tangible fixed assets | 22/27 | €8,926 | €6,046 | -€2,881 | -32.3% |
| Plant, machinery and equipment | 23 | €8,926 | €5,675 | -€3,252 | -36.4% |
| Furniture and vehicles | 24 | - | €371 | +€371 | |
| Current assets | 29/58 | €47,626 | €62,631 | +€15,006 | +31.5% |
| Amounts receivable within one year | 40/41 | €39,753 | €43,238 | +€3,485 | +8.8% |
| Trade receivables | 40 | €37,327 | €43,238 | +€5,911 | +15.8% |
| Other amounts receivable | 41 | €2,426 | - | -€2,426 | |
| Cash at bank and in hand | 54/58 | €7,873 | €19,393 | +€11,521 | +146% |
| Total equity and liabilities | 10/49 | €56,552 | €68,677 | +€12,125 | +21.4% |
| Equity | 10/15 | €16,807 | €19,439 | +€2,632 | +15.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,807 | €14,439 | +€2,632 | +22.3% |
| Amounts payable | 17/49 | €39,746 | €49,238 | +€9,492 | +23.9% |
| Amounts payable within one year | 42/48 | €39,746 | €49,238 | +€9,492 | +23.9% |
| Trade debts | 44 | €35,757 | €39,125 | +€3,368 | +9.4% |
| Suppliers | 440/4 | €35,757 | €39,125 | +€3,368 | +9.4% |
| Taxes, remuneration and social security | 45 | €3,989 | €2,608 | -€1,381 | -34.6% |
| Taxes | 450/3 | €3,989 | €2,608 | -€1,381 | -34.6% |
| Other amounts payable | 47/48 | - | €7,505 | +€7,505 | |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €3,316 | +€2,487 | +300% |
| Other operating charges | 640/8 | €713 | €955 | +€242 | +34.0% |
| Gross operating margin | 9900 | €13,614 | €8,403 | -€5,211 | -38.3% |
| Operating profit (loss) | 9901 | €12,003 | €4,132 | -€7,871 | -65.6% |
| Financial income | 75/76B | €127 | €6 | -€121 | -95.3% |
| Recurring financial income | 75 | €127 | €6 | -€121 | -95.3% |
| Financial charges | 65/66B | €272 | €640 | +€368 | +135% |
| Recurring financial charges | 65 | €272 | €640 | +€368 | +135% |
| Profit (loss) for the period before taxes | 9903 | €11,858 | €3,498 | -€8,360 | -70.5% |
| Income taxes | 67/77 | €3,073 | €865 | -€2,208 | -71.8% |
| Profit (loss) for the period | 9904 | €8,785 | €2,632 | -€6,152 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,785 | €2,632 | -€6,152 | -70.0% |
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.