GLOBAL GROUP: 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 GROUP
Largest movements
- Receivables within one year +€48,175
up €48,175 (+17.7%), from €272,217 to €320,391
of which Other amounts receivable: +€84,058
- Tangible fixed assets -€29,574
down €29,574 (-46.0%), from €64,293 to €34,719
- Cash -€17,161
down €17,161 (-66.4%), from €25,846 to €8,685
mainly Trade debts (-€136,397) and Receivables within one year (-€48,175)
- Trade debts -€136,397
down €136,397 (-85.8%), from €159,057 to €22,660
- Other debts +€115,976
up €115,976 (+9139.9%), from €1,269 to €117,245
- Profit (loss) carried forward +€31,931
up €31,931 (+26.9%), from €118,702 to €150,633
- Debts after one year -€9,607
no longer reported in 2025 (was €9,607)
- Other operating charges +€86,759
up €86,759 (+2436.9%), from €3,560 to €90,319
- Gross operating margin +€72,832
up €72,832 (+71.1%), from €102,406 to €175,238
- Write-downs +€5,315
new in 2025: €5,315
- Taxes -€4,216
down €4,216 (-21.4%), from €19,695 to €15,479
- Depreciation -€2,365
down €2,365 (-10.7%), from €22,097 to €19,731
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 | €364,459 | €364,226 | -€234 | -0.1% |
| Fixed assets | 21/28 | €64,293 | €34,719 | -€29,574 | -46.0% |
| Tangible fixed assets | 22/27 | €64,293 | €34,719 | -€29,574 | -46.0% |
| Furniture and vehicles | 24 | €64,293 | €34,719 | -€29,574 | -46.0% |
| Current assets | 29/58 | €300,166 | €329,506 | +€29,340 | +9.8% |
| Amounts receivable within one year | 40/41 | €272,217 | €320,391 | +€48,175 | +17.7% |
| Trade receivables | 40 | €223,990 | €188,106 | -€35,884 | -16.0% |
| Other amounts receivable | 41 | €48,227 | €132,285 | +€84,058 | +174.3% |
| Cash at bank and in hand | 54/58 | €25,846 | €8,685 | -€17,161 | -66.4% |
| Deferred charges and accrued income | 490/1 | €2,104 | €430 | -€1,673 | -79.5% |
| Total equity and liabilities | 10/49 | €364,459 | €364,226 | -€234 | -0.1% |
| Equity | 10/15 | €124,702 | €156,633 | +€31,931 | +25.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,702 | €150,633 | +€31,931 | +26.9% |
| Amounts payable | 17/49 | €239,757 | €207,593 | -€32,164 | -13.4% |
| Amounts payable after more than one year | 17 | €9,607 | - | -€9,607 | |
| Financial debts | 170/4 | €9,607 | - | -€9,607 | |
| Amounts payable within one year | 42/48 | €230,151 | €207,593 | -€22,558 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €12,047 | €8,834 | -€3,213 | -26.7% |
| Trade debts | 44 | €159,057 | €22,660 | -€136,397 | -85.8% |
| Suppliers | 440/4 | €159,057 | €22,660 | -€136,397 | -85.8% |
| Taxes, remuneration and social security | 45 | €57,777 | €58,855 | +€1,077 | +1.9% |
| Taxes | 450/3 | €33,097 | €37,305 | +€4,208 | +12.7% |
| Remuneration and social security | 454/9 | €24,680 | €21,550 | -€3,131 | -12.7% |
| Other amounts payable | 47/48 | €1,269 | €117,245 | +€115,976 | +9139.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,097 | €19,731 | -€2,365 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,315 | +€5,315 | |
| Other operating charges | 640/8 | €3,560 | €90,319 | +€86,759 | +2436.9% |
| Non-recurring operating charges | 66A | - | €7,487 | +€7,487 | |
| Gross operating margin | 9900 | €102,406 | €175,238 | +€72,832 | +71.1% |
| Operating profit (loss) | 9901 | €76,749 | €52,384 | -€24,364 | -31.7% |
| Financial charges | 65/66B | €3,064 | €4,975 | +€1,911 | +62.4% |
| Recurring financial charges | 65 | €3,064 | €4,975 | +€1,911 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €73,685 | €47,410 | -€26,275 | -35.7% |
| Income taxes | 67/77 | €19,695 | €15,479 | -€4,216 | -21.4% |
| Profit (loss) for the period | 9904 | €53,990 | €31,931 | -€22,060 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,990 | €31,931 | -€22,060 | -40.9% |
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 9 October 2026 via checked.be.