Global Gates: 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 Gates
Largest movements
- Receivables within one year -€313,491
down €313,491 (-48.2%), from €649,739 to €336,248
of which Trade receivables: -€365,707
- Cash +€69,589
up €69,589 (+11.5%), from €602,982 to €672,571
mainly Receivables within one year (+€313,491) and Net result for the year (+€64,184)
- Stocks and contracts +€16,120
up €16,120 (+45.1%), from €35,710 to €51,830
- Advances received -€150,984
down €150,984 (-44.5%), from €339,648 to €188,664
- Trade debts -€72,502
down €72,502 (-19.4%), from €373,239 to €300,737
- Reserves +€60,384
up €60,384 (+11.3%), from €532,088 to €592,473
- Tax, wage and social debts -€30,159
down €30,159 (-61.7%), from €48,854 to €18,695
of which Taxes: -€21,207
- Accrued charges and deferred income -€29,360
down €29,360 (-95.3%), from €30,800 to €1,440
- Gross operating margin -€168,060
down €168,060 (-35.8%), from €468,905 to €300,845
- Write-downs -€93,673
no longer reported in 2024 (was €93,673)
- Other operating charges -€70,778
down €70,778 (-90.8%), from €77,969 to €7,191
- Staff costs -€48,969
down €48,969 (-20.2%), from €242,259 to €193,291
- Financial income -€10,913
down €10,913 (-66.5%), from €16,401 to €5,488
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,325,630 | €1,108,048 | -€217,581 | -16.4% |
| Fixed assets | 21/28 | €15,754 | €15,593 | -€161 | -1.0% |
| Tangible fixed assets | 22/27 | €15,754 | €15,093 | -€661 | -4.2% |
| Land and buildings | 22 | €2,331 | €1,971 | -€360 | -15.4% |
| Plant, machinery and equipment | 23 | €4,220 | €4,724 | +€504 | +12.0% |
| Furniture and vehicles | 24 | €9,203 | €8,397 | -€805 | -8.8% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €1,309,876 | €1,092,456 | -€217,420 | -16.6% |
| Amounts receivable after more than one year | 29 | €19,868 | €25,534 | +€5,667 | +28.5% |
| Other amounts receivable | 291 | €19,868 | €25,534 | +€5,667 | +28.5% |
| Stocks and contracts in progress | 3 | €35,710 | €51,830 | +€16,120 | +45.1% |
| Stocks | 30/36 | €35,710 | €51,830 | +€16,120 | +45.1% |
| Amounts receivable within one year | 40/41 | €649,739 | €336,248 | -€313,491 | -48.2% |
| Trade receivables | 40 | €588,671 | €222,964 | -€365,707 | -62.1% |
| Other amounts receivable | 41 | €61,069 | €113,285 | +€52,216 | +85.5% |
| Cash at bank and in hand | 54/58 | €602,982 | €672,571 | +€69,589 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,577 | €6,271 | +€4,695 | +298% |
| Total equity and liabilities | 10/49 | €1,325,630 | €1,108,048 | -€217,581 | -16.4% |
| Equity | 10/15 | €533,088 | €593,473 | +€60,384 | +11.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €532,088 | €592,473 | +€60,384 | +11.3% |
| Distributable reserves | 133 | €532,088 | €592,473 | +€60,384 | +11.3% |
| Amounts payable | 17/49 | €792,541 | €514,575 | -€277,966 | -35.1% |
| Amounts payable within one year | 42/48 | €761,741 | €513,135 | -€248,606 | -32.6% |
| Trade debts | 44 | €373,239 | €300,737 | -€72,502 | -19.4% |
| Suppliers | 440/4 | €373,239 | €300,737 | -€72,502 | -19.4% |
| Advances received on contracts in progress | 46 | €339,648 | €188,664 | -€150,984 | -44.5% |
| Taxes, remuneration and social security | 45 | €48,854 | €18,695 | -€30,159 | -61.7% |
| Taxes | 450/3 | €21,884 | €677 | -€21,207 | -96.9% |
| Remuneration and social security | 454/9 | €26,970 | €18,018 | -€8,951 | -33.2% |
| Other amounts payable | 47/48 | - | €5,040 | +€5,040 | |
| Accrued charges and deferred income | 492/3 | €30,800 | €1,440 | -€29,360 | -95.3% |
| Non-recurring operating income | 76A | €34,238 | - | -€34,238 | |
| Remuneration, social security and pensions | 62 | €242,259 | €193,291 | -€48,969 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,784 | €9,022 | +€3,238 | +56.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €93,673 | - | -€93,673 | |
| Other operating charges | 640/8 | €77,969 | €7,191 | -€70,778 | -90.8% |
| Gross operating margin | 9900 | €468,905 | €300,845 | -€168,060 | -35.8% |
| Operating profit (loss) | 9901 | €49,221 | €91,342 | +€42,121 | +85.6% |
| Financial income | 75/76B | €16,401 | €5,488 | -€10,913 | -66.5% |
| Recurring financial income | 75 | €16,401 | €5,488 | -€10,913 | -66.5% |
| Financial charges | 65/66B | €3,924 | €3,285 | -€639 | -16.3% |
| Recurring financial charges | 65 | €3,924 | €3,285 | -€639 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €61,698 | €93,546 | +€31,847 | +51.6% |
| Income taxes | 67/77 | €19,065 | €29,361 | +€10,296 | +54.0% |
| Profit (loss) for the period | 9904 | €42,633 | €64,184 | +€21,552 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,633 | €64,184 | +€21,552 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.