GLOBAL IMMO SERVICES: 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 IMMO SERVICES
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+638%), from €255,715 to €1.9m
of which Trade receivables: +€1.4m
- Stocks and contracts -€1.3m
down €1.3m (-70.0%), from €1.8m to €543,752
- Cash -€492,381
down €492,381 (-83.3%), from €591,298 to €98,917
mainly Receivables within one year (-€1.6m) and Investment in fixed assets (net) (-€814,734)
- Tangible fixed assets +€399,648
up €399,648 (+12.8%), from €3.1m to €3.5m
of which Land and buildings: +€289,850
- Deferred charges and accrued income +€356,703
up €356,703 (+2,311%), from €15,438 to €372,141
- Other debts +€1.1m
up €1.1m (+87.8%), from €1.3m to €2.5m
- Trade debts -€163,371
down €163,371 (-39.8%), from €410,229 to €246,858
- Debts after one year -€106,879
down €106,879 (-4.1%), from €2.6m to €2.5m
of which Financial debts: -€112,879
- Short-term financial debts -€80,000
down €80,000 (-10.7%), from €745,000 to €665,000
- Financial charges +€120,458
up €120,458 (+178%), from €67,677 to €188,135
- Depreciation +€81,737
up €81,737 (+94.0%), from €86,949 to €168,686
- Gross operating margin -€72,138
down €72,138 (-12.5%), from €578,079 to €505,941
- Other operating charges -€19,789
down €19,789 (-60.4%), from €32,770 to €12,981
- Staff costs -€13,461
down €13,461 (-11.4%), from €118,527 to €105,066
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 | €5,845,309 | €6,717,861 | +€872,552 | +14.9% |
| Fixed assets | 21/28 | €3,169,802 | €3,815,850 | +€646,048 | +20.4% |
| Intangible fixed assets | 21 | €34,350 | €30,750 | -€3,600 | -10.5% |
| Tangible fixed assets | 22/27 | €3,124,605 | €3,524,253 | +€399,648 | +12.8% |
| Land and buildings | 22 | €3,045,230 | €3,335,080 | +€289,850 | +9.5% |
| Plant, machinery and equipment | 23 | €11,476 | €35,173 | +€23,697 | +206% |
| Furniture and vehicles | 24 | €67,899 | €154,000 | +€86,101 | +127% |
| Financial fixed assets | 28 | €10,847 | €260,847 | +€250,000 | +2,305% |
| Current assets | 29/58 | €2,675,507 | €2,902,011 | +€226,504 | +8.5% |
| Stocks and contracts in progress | 3 | €1,813,056 | €543,752 | -€1.3m | -70.0% |
| Stocks | 30/36 | €1,813,056 | €543,752 | -€1.3m | -70.0% |
| Amounts receivable within one year | 40/41 | €255,715 | €1,887,201 | +€1.6m | +638% |
| Trade receivables | 40 | €88,097 | €1,475,938 | +€1.4m | +1,575% |
| Other amounts receivable | 41 | €167,618 | €411,263 | +€243,645 | +145% |
| Cash at bank and in hand | 54/58 | €591,298 | €98,917 | -€492,381 | -83.3% |
| Deferred charges and accrued income | 490/1 | €15,438 | €372,141 | +€356,703 | +2,311% |
| Total equity and liabilities | 10/49 | €5,845,309 | €6,717,861 | +€872,552 | +14.9% |
| Equity | 10/15 | €526,806 | €561,228 | +€34,422 | +6.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €49,397 | €49,397 | = | 0.0% |
| Distributable reserves | 133 | €49,397 | €49,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,409 | €411,831 | +€34,422 | +9.1% |
| Amounts payable | 17/49 | €5,318,503 | €6,156,633 | +€838,130 | +15.8% |
| Amounts payable after more than one year | 17 | €2,632,982 | €2,526,103 | -€106,879 | -4.1% |
| Financial debts | 170/4 | €2,432,982 | €2,320,103 | -€112,879 | -4.6% |
| Other amounts payable | 178/9 | €200,000 | €206,000 | +€6,000 | +3.0% |
| Amounts payable within one year | 42/48 | €2,684,555 | €3,630,530 | +€945,975 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €190,315 | €215,304 | +€24,989 | +13.1% |
| Financial debts | 43 | €745,000 | €665,000 | -€80,000 | -10.7% |
| Credit institutions | 430/8 | €745,000 | €665,000 | -€80,000 | -10.7% |
| Trade debts | 44 | €410,229 | €246,858 | -€163,371 | -39.8% |
| Suppliers | 440/4 | €410,229 | €246,858 | -€163,371 | -39.8% |
| Taxes, remuneration and social security | 45 | €28,926 | €43,498 | +€14,572 | +50.4% |
| Taxes | 450/3 | €15,721 | €36,615 | +€20,894 | +133% |
| Remuneration and social security | 454/9 | €13,205 | €6,883 | -€6,322 | -47.9% |
| Other amounts payable | 47/48 | €1,310,085 | €2,459,870 | +€1.1m | +87.8% |
| Accrued charges and deferred income | 492/3 | €966 | - | -€966 | |
| Remuneration, social security and pensions | 62 | €118,527 | €105,066 | -€13,461 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,949 | €168,686 | +€81,737 | +94.0% |
| Other operating charges | 640/8 | €32,770 | €12,981 | -€19,789 | -60.4% |
| Gross operating margin | 9900 | €578,079 | €505,941 | -€72,138 | -12.5% |
| Operating profit (loss) | 9901 | €339,833 | €219,208 | -€120,625 | -35.5% |
| Financial income | 75/76B | €2,901 | €10,875 | +€7,974 | +275% |
| Recurring financial income | 75 | €2,901 | €10,875 | +€7,974 | +275% |
| Financial charges | 65/66B | €67,677 | €188,135 | +€120,458 | +178% |
| Recurring financial charges | 65 | €67,677 | €188,135 | +€120,458 | +178% |
| Profit (loss) for the period before taxes | 9903 | €275,057 | €41,948 | -€233,109 | -84.7% |
| Income taxes | 67/77 | €482 | €7,526 | +€7,044 | +1,461% |
| Profit (loss) for the period | 9904 | €274,575 | €34,422 | -€240,153 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €274,575 | €34,422 | -€240,153 | -87.5% |
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 17 October 2026 via checked.be.