GLOBAL FAIR & CONSTRUCT: 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 FAIR & CONSTRUCT
Largest movements
- Tangible fixed assets -€11,359
down €11,359 (-6.6%), from €173,120 to €161,761
of which Plant, machinery and equipment: -€12,010
- Deferred charges and accrued income +€7,500
new in 2025: €7,500
- Receivables within one year -€6,098
down €6,098 (-5.0%), from €121,767 to €115,670
- Cash -€5,223
no longer reported in 2025 (was €5,223)
mainly Investment in fixed assets (net) (-€24,541) and Debts after one year (-€20,709)
- Debts after one year -€20,709
down €20,709 (-15.2%), from €135,959 to €115,249
- Short-term financial debts +€18,166
up €18,166 (+1,041%), from €1,745 to €19,912
- Profit (loss) carried forward -€14,162
down €14,162, from €3,440 to -€10,721
- Other debts +€12,397
up €12,397 (+7.7%), from €160,279 to €172,676
- Tax, wage and social debts -€7,256
down €7,256 (-35.3%), from €20,561 to €13,305
of which Taxes: -€7,709
- Gross operating margin -€21,252
down €21,252 (-19.0%), from €112,024 to €90,771
- Depreciation -€3,477
down €3,477 (-8.8%), from €39,377 to €35,900
- Other operating charges -€1,987
down €1,987 (-21.9%), from €9,076 to €7,089
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 | €380,944 | €365,364 | -€15,580 | -4.1% |
| Fixed assets | 21/28 | €183,120 | €171,761 | -€11,359 | -6.2% |
| Tangible fixed assets | 22/27 | €173,120 | €161,761 | -€11,359 | -6.6% |
| Land and buildings | 22 | €119,818 | €129,521 | +€9,703 | +8.1% |
| Plant, machinery and equipment | 23 | €30,945 | €18,935 | -€12,010 | -38.8% |
| Leasing and similar rights | 25 | €22,357 | €13,305 | -€9,052 | -40.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €197,825 | €193,604 | -€4,221 | -2.1% |
| Stocks and contracts in progress | 3 | €70,834 | €70,434 | -€400 | -0.6% |
| Stocks | 30/36 | €70,834 | €70,434 | -€400 | -0.6% |
| Amounts receivable within one year | 40/41 | €121,767 | €115,670 | -€6,098 | -5.0% |
| Trade receivables | 40 | €121,767 | €115,670 | -€6,098 | -5.0% |
| Cash at bank and in hand | 54/58 | €5,223 | - | -€5,223 | |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €380,944 | €365,364 | -€15,580 | -4.1% |
| Equity | 10/15 | €23,900 | €9,739 | -€14,162 | -59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €3,440 | -€10,721 | -€14,162 | |
| Amounts payable | 17/49 | €357,044 | €355,626 | -€1,418 | -0.4% |
| Amounts payable after more than one year | 17 | €135,959 | €115,249 | -€20,709 | -15.2% |
| Financial debts | 170/4 | €135,959 | €115,249 | -€20,709 | -15.2% |
| Amounts payable within one year | 42/48 | €221,086 | €240,376 | +€19,291 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €27,094 | €21,475 | -€5,619 | -20.7% |
| Financial debts | 43 | €1,745 | €19,912 | +€18,166 | +1,041% |
| Credit institutions | 430/8 | €1,745 | €19,912 | +€18,166 | +1,041% |
| Trade debts | 44 | €11,406 | €13,010 | +€1,604 | +14.1% |
| Suppliers | 440/4 | €11,406 | €13,010 | +€1,604 | +14.1% |
| Taxes, remuneration and social security | 45 | €20,561 | €13,305 | -€7,256 | -35.3% |
| Taxes | 450/3 | €11,087 | €3,379 | -€7,709 | -69.5% |
| Remuneration and social security | 454/9 | €9,473 | €9,926 | +€452 | +4.8% |
| Other amounts payable | 47/48 | €160,279 | €172,676 | +€12,397 | +7.7% |
| Remuneration, social security and pensions | 62 | €52,138 | €52,946 | +€808 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,377 | €35,900 | -€3,477 | -8.8% |
| Other operating charges | 640/8 | €9,076 | €7,089 | -€1,987 | -21.9% |
| Gross operating margin | 9900 | €112,024 | €90,771 | -€21,252 | -19.0% |
| Operating profit (loss) | 9901 | €11,433 | -€5,164 | -€16,597 | |
| Financial income | 75/76B | €243 | €445 | +€202 | +83.3% |
| Recurring financial income | 75 | €243 | €445 | +€202 | +83.3% |
| Financial charges | 65/66B | €9,680 | €8,970 | -€710 | -7.3% |
| Recurring financial charges | 65 | €9,680 | €8,970 | -€710 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €1,995 | -€13,690 | -€15,685 | |
| Income taxes | 67/77 | €405 | €472 | +€66 | +16.4% |
| Profit (loss) for the period | 9904 | €1,590 | -€14,162 | -€15,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,590 | -€14,162 | -€15,751 |
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 21 October 2026 via checked.be.