GLOBAL GRID: what changed
Two fiscal 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 GRID
Largest movements
- Receivables after one year -€155,322
no longer reported in 2025 (was €155,322)
- Current investments +€146,357
up €146,357 (+209.1%), from €70,000 to €216,357
- Receivables within one year -€9,512
down €9,512 (-43.1%), from €22,071 to €12,559
of which Other amounts receivable: -€6,608
- Cash -€2,634
down €2,634 (-26.2%), from €10,060 to €7,426
mainly Current investments (-€146,357) and Other debts (-€64,048)
- Other debts -€64,048
no longer reported in 2025 (was €64,048)
- Reserves +€42,364
up €42,364 (+22.8%), from €185,746 to €228,110
- Gross operating margin -€14,256
down €14,256 (-19.0%), from €74,838 to €60,582
- Financial income -€3,949
down €3,949 (-50.9%), from €7,761 to €3,813
- Taxes +€3,362
up €3,362 (+19.3%), from €17,381 to €20,743
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.
Cash bridge derived
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 | €257,825 | €237,076 | -€20,750 | -8.0% |
| Current assets | 29/58 | €257,825 | €237,076 | -€20,750 | -8.0% |
| Amounts receivable after more than one year | 29 | €155,322 | - | -€155,322 | |
| Other amounts receivable | 291 | €155,322 | - | -€155,322 | |
| Amounts receivable within one year | 40/41 | €22,071 | €12,559 | -€9,512 | -43.1% |
| Trade receivables | 40 | €8,954 | €6,050 | -€2,904 | -32.4% |
| Other amounts receivable | 41 | €13,117 | €6,509 | -€6,608 | -50.4% |
| Current investments | 50/53 | €70,000 | €216,357 | +€146,357 | +209.1% |
| Cash at bank and in hand | 54/58 | €10,060 | €7,426 | -€2,634 | -26.2% |
| Deferred charges and accrued income | 490/1 | €372 | €733 | +€361 | +97.0% |
| Total equity and liabilities | 10/49 | €257,825 | €237,076 | -€20,750 | -8.0% |
| Equity | 10/15 | €188,746 | €231,110 | +€42,364 | +22.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €185,746 | €228,110 | +€42,364 | +22.8% |
| Distributable reserves | 133 | €185,746 | €228,110 | +€42,364 | +22.8% |
| Amounts payable | 17/49 | €69,079 | €5,965 | -€63,114 | -91.4% |
| Amounts payable within one year | 42/48 | €68,276 | €5,652 | -€62,624 | -91.7% |
| Trade debts | 44 | €995 | €482 | -€513 | -51.6% |
| Suppliers | 440/4 | €995 | €482 | -€513 | -51.6% |
| Taxes, remuneration and social security | 45 | €3,233 | €5,171 | +€1,938 | +59.9% |
| Taxes | 450/3 | €3,233 | €5,171 | +€1,938 | +59.9% |
| Other amounts payable | 47/48 | €64,048 | - | -€64,048 | |
| Accrued charges and deferred income | 492/3 | €803 | €313 | -€491 | -61.1% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Gross operating margin | 9900 | €74,838 | €60,582 | -€14,256 | -19.0% |
| Operating profit (loss) | 9901 | €74,230 | €59,962 | -€14,268 | -19.2% |
| Financial income | 75/76B | €7,761 | €3,813 | -€3,949 | -50.9% |
| Recurring financial income | 75 | €7,761 | €3,813 | -€3,949 | -50.9% |
| Financial charges | 65/66B | €577 | €667 | +€89 | +15.5% |
| Recurring financial charges | 65 | €577 | €667 | +€89 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €81,414 | €63,108 | -€18,306 | -22.5% |
| Income taxes | 67/77 | €17,381 | €20,743 | +€3,362 | +19.3% |
| Profit (loss) for the period | 9904 | €64,033 | €42,364 | -€21,668 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,033 | €42,364 | -€21,668 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.