GLOBAL FORWARDING CONSULTING: 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 FORWARDING CONSULTING
Largest movements
- Receivables within one year -€152,271
down €152,271 (-40.8%), from €373,659 to €221,388
of which Trade receivables: -€153,991
- Cash +€119,757
up €119,757 (+83.8%), from €142,923 to €262,680
mainly Receivables within one year (+€152,271) and Net result for the year (+€103,855)
- Other debts -€127,581
down €127,581 (-93.4%), from €136,576 to €8,996
- Accrued charges and deferred income -€108,504
no longer reported in 2025 (was €108,504)
- Reserves +€103,000
up €103,000 (+47.3%), from €217,551 to €320,551
of which Distributable reserves: +€103,000
- Trade debts +€83,047
up €83,047 (+153%), from €54,331 to €137,378
- Tax, wage and social debts +€14,223
new in 2025: €14,223
- Gross operating margin +€84,182
up €84,182 (+80.2%), from €105,022 to €189,203
- Financial charges +€23,466
up €23,466 (+132%), from €17,796 to €41,262
- Taxes +€21,498
up €21,498 (+95.8%), from €22,450 to €43,948
- Other operating charges -€7,101
down €7,101 (-92.9%), from €7,645 to €544
- Financial income -€6,642
down €6,642 (-78.5%), from €8,459 to €1,816
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 | €523,520 | €488,560 | -€34,960 | -6.7% |
| Fixed assets | 21/28 | €3,610 | €2,199 | -€1,411 | -39.1% |
| Tangible fixed assets | 22/27 | €3,610 | €2,199 | -€1,411 | -39.1% |
| Furniture and vehicles | 24 | €3,610 | €2,199 | -€1,411 | -39.1% |
| Current assets | 29/58 | €519,910 | €486,361 | -€33,550 | -6.5% |
| Amounts receivable within one year | 40/41 | €373,659 | €221,388 | -€152,271 | -40.8% |
| Trade receivables | 40 | €332,884 | €178,894 | -€153,991 | -46.3% |
| Other amounts receivable | 41 | €40,775 | €42,495 | +€1,720 | +4.2% |
| Cash at bank and in hand | 54/58 | €142,923 | €262,680 | +€119,757 | +83.8% |
| Deferred charges and accrued income | 490/1 | €3,328 | €2,292 | -€1,036 | -31.1% |
| Total equity and liabilities | 10/49 | €523,520 | €488,560 | -€34,960 | -6.7% |
| Equity | 10/15 | €224,109 | €327,964 | +€103,855 | +46.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €217,551 | €320,551 | +€103,000 | +47.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €215,691 | €318,691 | +€103,000 | +47.8% |
| Profit (loss) carried forward | 14 | €358 | €1,213 | +€855 | +239% |
| Amounts payable | 17/49 | €299,411 | €160,596 | -€138,815 | -46.4% |
| Amounts payable within one year | 42/48 | €190,907 | €160,596 | -€30,311 | -15.9% |
| Trade debts | 44 | €54,331 | €137,378 | +€83,047 | +153% |
| Suppliers | 440/4 | €54,331 | €137,378 | +€83,047 | +153% |
| Taxes, remuneration and social security | 45 | - | €14,223 | +€14,223 | |
| Taxes | 450/3 | - | €14,223 | +€14,223 | |
| Other amounts payable | 47/48 | €136,576 | €8,996 | -€127,581 | -93.4% |
| Accrued charges and deferred income | 492/3 | €108,504 | - | -€108,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,120 | €1,411 | +€291 | +26.0% |
| Other operating charges | 640/8 | €7,645 | €544 | -€7,101 | -92.9% |
| Gross operating margin | 9900 | €105,022 | €189,203 | +€84,182 | +80.2% |
| Operating profit (loss) | 9901 | €96,257 | €187,249 | +€90,992 | +94.5% |
| Financial income | 75/76B | €8,459 | €1,816 | -€6,642 | -78.5% |
| Recurring financial income | 75 | €8,459 | €1,816 | -€6,642 | -78.5% |
| Financial charges | 65/66B | €17,796 | €41,262 | +€23,466 | +132% |
| Recurring financial charges | 65 | €17,796 | €41,262 | +€23,466 | +132% |
| Profit (loss) for the period before taxes | 9903 | €86,920 | €147,803 | +€60,884 | +70.0% |
| Income taxes | 67/77 | €22,450 | €43,948 | +€21,498 | +95.8% |
| Profit (loss) for the period | 9904 | €64,470 | €103,855 | +€39,386 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,470 | €103,855 | +€39,386 | +61.1% |
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 25 October 2026 via checked.be.