GLOBAL GROUPE: 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 GROUPE
Largest movements
- Tangible fixed assets -€109,126
down €109,126 (-3.2%), from €3.4m to €3.3m
- Stocks and contracts +€39,209
up €39,209 (+16.0%), from €245,790 to €284,999
- Debts after one year -€122,723
down €122,723 (-5.3%), from €2.3m to €2.2m
- Trade debts +€65,532
up €65,532 (+26.3%), from €249,394 to €314,925
- Financial charges +€13,106
up €13,106 (+21.9%), from €59,718 to €72,823
- Other operating charges -€7,167
down €7,167 (-16.7%), from €42,891 to €35,724
- Gross operating margin -€2,333
down €2,333 (-1.1%), from €221,615 to €219,283
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 | €3,698,094 | €3,619,414 | -€78,681 | -2.1% |
| Fixed assets | 21/28 | €3,440,549 | €3,331,424 | -€109,126 | -3.2% |
| Tangible fixed assets | 22/27 | €3,440,549 | €3,331,424 | -€109,126 | -3.2% |
| Land and buildings | 22 | €3,440,549 | €3,331,424 | -€109,126 | -3.2% |
| Current assets | 29/58 | €257,545 | €287,990 | +€30,445 | +11.8% |
| Stocks and contracts in progress | 3 | €245,790 | €284,999 | +€39,209 | +16.0% |
| Stocks | 30/36 | €245,790 | €284,999 | +€39,209 | +16.0% |
| Amounts receivable within one year | 40/41 | €814 | - | -€814 | |
| Trade receivables | 40 | €814 | - | -€814 | |
| Cash at bank and in hand | 54/58 | €10,941 | €2,991 | -€7,950 | -72.7% |
| Total equity and liabilities | 10/49 | €3,698,094 | €3,619,414 | -€78,681 | -2.1% |
| Equity | 10/15 | -€28,515 | -€41,091 | -€12,577 | -44.1% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,115 | -€159,691 | -€12,577 | -8.5% |
| Amounts payable | 17/49 | €3,726,609 | €3,660,505 | -€66,104 | -1.8% |
| Amounts payable after more than one year | 17 | €2,315,997 | €2,193,273 | -€122,723 | -5.3% |
| Financial debts | 170/4 | €2,315,997 | €2,193,273 | -€122,723 | -5.3% |
| Amounts payable within one year | 42/48 | €1,373,763 | €1,430,845 | +€57,081 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €125,593 | €130,964 | +€5,371 | +4.3% |
| Trade debts | 44 | €249,394 | €314,925 | +€65,532 | +26.3% |
| Suppliers | 440/4 | €249,394 | €314,925 | +€65,532 | +26.3% |
| Other amounts payable | 47/48 | €998,777 | €984,956 | -€13,822 | -1.4% |
| Accrued charges and deferred income | 492/3 | €36,849 | €36,387 | -€462 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,907 | €125,026 | +€119 | +0.1% |
| Other operating charges | 640/8 | €42,891 | €35,724 | -€7,167 | -16.7% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €221,615 | €219,283 | -€2,333 | -1.1% |
| Operating profit (loss) | 9901 | €48,817 | €58,533 | +€9,716 | +19.9% |
| Financial income | 75/76B | €2,084 | €1,714 | -€370 | -17.8% |
| Recurring financial income | 75 | €2,084 | €1,714 | -€370 | -17.8% |
| Financial charges | 65/66B | €59,718 | €72,823 | +€13,106 | +21.9% |
| Recurring financial charges | 65 | €59,718 | €72,823 | +€13,106 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,816 | -€12,577 | -€3,760 | -42.6% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€8,816 | -€12,577 | -€3,760 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,816 | -€12,577 | -€3,760 | -42.6% |
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.