GLOBAL-FISC: 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-FISC
Largest movements
- Cash +€61,666
up €61,666 (+42.3%), from €145,841 to €207,506
mainly Net result for the year (+€103,392) and Current portion of long-term debt (+€20,459)
- Receivables after one year -€11,781
down €11,781 (-3.2%), from €363,523 to €351,743
- Reserves +€103,392
up €103,392 (+34.3%), from €301,627 to €405,019
of which Distributable reserves: +€103,392
- Debts after one year -€80,000
down €80,000 (-66.7%), from €120,000 to €40,000
- Current portion of long-term debt +€20,459
up €20,459 (+306%), from €6,691 to €27,150
- Gross operating margin +€22,464
up €22,464 (+14.6%), from €154,222 to €176,686
- Financial income +€7,381
up €7,381 (+117%), from €6,309 to €13,690
of which Non-recurring financial income: +€6,809
- Taxes +€6,864
up €6,864 (+16.2%), from €42,400 to €49,264
- Financial charges +€6,591
up €6,591 (+3,336%), from €198 to €6,789
of which Non-recurring financial charges: +€6,548
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 | €586,524 | €630,175 | +€43,651 | +7.4% |
| Fixed assets | 21/28 | €3,259 | €2,882 | -€377 | -11.6% |
| Tangible fixed assets | 22/27 | €826 | €449 | -€377 | -45.6% |
| Furniture and vehicles | 24 | €826 | €449 | -€377 | -45.6% |
| Financial fixed assets | 28 | €2,433 | €2,433 | = | 0.0% |
| Current assets | 29/58 | €583,265 | €627,293 | +€44,028 | +7.5% |
| Amounts receivable after more than one year | 29 | €363,523 | €351,743 | -€11,781 | -3.2% |
| Other amounts receivable | 291 | €363,523 | €351,743 | -€11,781 | -3.2% |
| Amounts receivable within one year | 40/41 | €28,664 | €27,464 | -€1,200 | -4.2% |
| Trade receivables | 40 | €17,043 | €15,684 | -€1,359 | -8.0% |
| Other amounts receivable | 41 | €11,622 | €11,781 | +€159 | +1.4% |
| Current investments | 50/53 | €43,773 | €39,263 | -€4,510 | -10.3% |
| Cash at bank and in hand | 54/58 | €145,841 | €207,506 | +€61,666 | +42.3% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,316 | -€147 | -10.0% |
| Total equity and liabilities | 10/49 | €586,524 | €630,175 | +€43,651 | +7.4% |
| Equity | 10/15 | €419,653 | €523,045 | +€103,392 | +24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,627 | €405,019 | +€103,392 | +34.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,895 | €4,895 | = | 0.0% |
| Distributable reserves | 133 | €294,872 | €398,264 | +€103,392 | +35.1% |
| Profit (loss) carried forward | 14 | €111,826 | €111,826 | = | 0.0% |
| Amounts payable | 17/49 | €166,871 | €107,130 | -€59,741 | -35.8% |
| Amounts payable after more than one year | 17 | €120,000 | €40,000 | -€80,000 | -66.7% |
| Financial debts | 170/4 | €120,000 | €40,000 | -€80,000 | -66.7% |
| Amounts payable within one year | 42/48 | €46,871 | €67,130 | +€20,259 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €6,691 | €27,150 | +€20,459 | +306% |
| Trade debts | 44 | €199 | €983 | +€783 | +393% |
| Suppliers | 440/4 | €199 | €983 | +€783 | +393% |
| Taxes, remuneration and social security | 45 | €39,981 | €38,998 | -€983 | -2.5% |
| Taxes | 450/3 | €35,158 | €35,008 | -€149 | -0.4% |
| Remuneration and social security | 454/9 | €4,823 | €3,989 | -€834 | -17.3% |
| Remuneration, social security and pensions | 62 | €29,141 | €30,142 | +€1,002 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €377 | +€72 | +23.7% |
| Other operating charges | 640/8 | €411 | €413 | +€2 | +0.5% |
| Gross operating margin | 9900 | €154,222 | €176,686 | +€22,464 | +14.6% |
| Operating profit (loss) | 9901 | €124,366 | €145,755 | +€21,388 | +17.2% |
| Financial income | 75/76B | €6,309 | €13,690 | +€7,381 | +117% |
| Recurring financial income | 75 | €6,309 | €6,882 | +€573 | +9.1% |
| Non-recurring financial income | 76B | - | €6,809 | +€6,809 | |
| Financial charges | 65/66B | €198 | €6,789 | +€6,591 | +3,336% |
| Recurring financial charges | 65 | €198 | €241 | +€44 | +22.1% |
| Non-recurring financial charges | 66B | - | €6,548 | +€6,548 | |
| Profit (loss) for the period before taxes | 9903 | €130,478 | €152,656 | +€22,178 | +17.0% |
| Income taxes | 67/77 | €42,400 | €49,264 | +€6,864 | +16.2% |
| Profit (loss) for the period | 9904 | €88,078 | €103,392 | +€15,314 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,078 | €103,392 | +€15,314 | +17.4% |
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 1 November 2026 via checked.be.