Global Jordan & Freeman: 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.
What changed
Global Jordan & Freeman
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €473,512+€2.7m
Equity
€1.7m
2024 · €550,694+€1.2m
Cash
€563,683
2024 · €464,482+€99,201
Balance sheet total
€4.8m
2024 · €5.0m-€149,292
Largest movements
Assets
- Stocks and contracts -€2.2m
down €2.2m (-93.8%), from €2.4m to €147,029
- Receivables within one year +€2.0m
up €2.0m (+173%), from €1.2m to €3.1m
of which Other amounts receivable: +€2.0m
- Cash +€99,201
up €99,201 (+21.4%), from €464,482 to €563,683
mainly Net result for the year (+€3.2m) and Stocks and contracts (+€2.2m)
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+855%), from €138,194 to €1.3m
of which Distributable reserves: +€1.2m
- Other debts -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
- Short-term financial debts -€350,000
down €350,000 (-100%), from €350,000 to €0
- Accrued charges and deferred income +€215,954
up €215,954 (+46.9%), from €460,485 to €676,439
- Trade debts -€190,125
down €190,125 (-42.9%), from €442,787 to €252,662
Income statement
- Turnover +€2.6m
up €2.6m (+47.6%), from €5.5m to €8.2m
- Goods and materials -€1.2m
down €1.2m (-29.0%), from €4.1m to €2.9m
of which Purchases: -€3.6m
- Taxes +€899,734
up €899,734 (+505%), from €178,210 to €1.1m
of which Taxes: +€899,921
- Services and other goods +€228,807
up €228,807 (+33.6%), from €681,648 to €910,454
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.
Result 2024
€473,512
Turnover
+€2.6m
Other operating income
+€1,837
Goods and materials
+€1.2m
Services and other goods
-€228,807
Provisions
+€10,000
Other operating charges
-€24,606
Financial income
-€6,527
Financial charges
+€23,994
Taxes
-€899,734
Result 2025
€3.2m
raises the resultlowers the result
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.
From operations
+€2.4m
Investment
€0
Financing
-€2.4m
Cash 2024
€464,482
From operations (derived)
+€2.4m
Net result for the year
+€3.2m
Stocks and contracts
+€2.2m
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€6,543
Provisions
+€70,000
Trade debts
-€190,125
Tax, wage and social debts
-€77,124
Other debts
-€1.0m
Accrued charges and deferred income
+€215,954
Financing
-€2.4m
Short-term financial debts
-€350,000
Contributions, distributions and other
-€2.0m
Cash 2025
€563,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,978,684 | €4,829,392 | -€149,292 | -3.0% |
| Fixed assets | 21/28 | €891,920 | €891,920 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €891,920 | €891,920 | = | 0.0% |
| Affiliated companies | 280/1 | €891,920 | €891,920 | = | 0.0% |
| Participating interests | 280 | €891,920 | €891,920 | = | 0.0% |
| Current assets | 29/58 | €4,086,764 | €3,937,472 | -€149,292 | -3.7% |
| Stocks and contracts in progress | 3 | €2,381,346 | €147,029 | -€2.2m | -93.8% |
| Stocks | 30/36 | €2,381,346 | €147,029 | -€2.2m | -93.8% |
| Property held for sale | 35 | €2,381,346 | €147,029 | -€2.2m | -93.8% |
| Amounts receivable within one year | 40/41 | €1,150,152 | €3,142,520 | +€2.0m | +173% |
| Trade receivables | 40 | €25,160 | €22,092 | -€3,068 | -12.2% |
| Other amounts receivable | 41 | €1,124,991 | €3,120,428 | +€2.0m | +177% |
| Cash at bank and in hand | 54/58 | €464,482 | €563,683 | +€99,201 | +21.4% |
| Deferred charges and accrued income | 490/1 | €90,784 | €84,241 | -€6,543 | -7.2% |
| Total equity and liabilities | 10/49 | €4,978,684 | €4,829,392 | -€149,292 | -3.0% |
| Equity | 10/15 | €550,694 | €1,732,697 | +€1.2m | +215% |
| Contributions | 10/11 | €412,500 | €412,500 | = | 0.0% |
| Capital | 10 | €412,500 | €412,500 | = | 0.0% |
| Issued capital | 100 | €412,500 | €412,500 | = | 0.0% |
| Reserves | 13 | €138,194 | €1,320,197 | +€1.2m | +855% |
| Non-distributable reserves | 130/1 | €41,250 | €41,250 | = | 0.0% |
| Legal reserve | 130 | €41,250 | €41,250 | = | 0.0% |
| Distributable reserves | 133 | €96,944 | €1,278,947 | +€1.2m | +1,219% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €80,000 | €150,000 | +€70,000 | +87.5% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €150,000 | +€70,000 | +87.5% |
| Environmental obligations | 163 | - | €70,000 | +€70,000 | |
| Other liabilities and charges | 164/5 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,347,990 | €2,946,695 | -€1.4m | -32.2% |
| Amounts payable within one year | 42/48 | €3,887,505 | €2,270,256 | -€1.6m | -41.6% |
| Financial debts | 43 | €350,000 | €0 | -€350,000 | -100% |
| Credit institutions | 430/8 | €350,000 | €0 | -€350,000 | -100% |
| Trade debts | 44 | €442,787 | €252,662 | -€190,125 | -42.9% |
| Suppliers | 440/4 | €442,787 | €252,662 | -€190,125 | -42.9% |
| Taxes, remuneration and social security | 45 | €94,717 | €17,594 | -€77,124 | -81.4% |
| Taxes | 450/3 | €94,717 | €17,594 | -€77,124 | -81.4% |
| Other amounts payable | 47/48 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Accrued charges and deferred income | 492/3 | €460,485 | €676,439 | +€215,954 | +46.9% |
| Operating income | 70/76A | €5,534,276 | €8,166,645 | +€2.6m | +47.6% |
| Turnover | 70 | €5,529,472 | €8,160,004 | +€2.6m | +47.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | - | = | |
| Other operating income | 74 | €4,803 | €6,640 | +€1,837 | +38.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €4,904,148 | €3,945,759 | -€958,389 | -19.5% |
| Goods for resale, raw materials and consumables | 60 | €4,141,171 | €2,939,369 | -€1.2m | -29.0% |
| Purchases | 600/8 | €4,307,289 | €705,052 | -€3.6m | -83.6% |
| Change in stocks: decrease (increase) | 609 | -€166,118 | €2,234,317 | +€2.4m | |
| Services and other goods | 61 | €681,648 | €910,454 | +€228,807 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Other operating charges | 640/8 | €1,330 | €25,936 | +€24,606 | +1,850% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €630,127 | €4,220,886 | +€3.6m | +570% |
| Financial income | 75/76B | €108,304 | €101,778 | -€6,527 | -6.0% |
| Recurring financial income | 75 | €108,304 | €101,778 | -€6,527 | -6.0% |
| Income from financial fixed assets | 750 | €51,300 | €45,000 | -€6,300 | -12.3% |
| Income from current assets | 751 | €32,375 | €45,433 | +€13,058 | +40.3% |
| Other financial income | 752/9 | €24,629 | €11,345 | -€13,284 | -53.9% |
| Financial charges | 65/66B | €86,709 | €62,715 | -€23,994 | -27.7% |
| Recurring financial charges | 65 | €26,335 | €11,415 | -€14,920 | -56.7% |
| Debt charges | 650 | €16,260 | €642 | -€15,618 | -96.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €10,074 | €10,773 | +€699 | +6.9% |
| Non-recurring financial charges | 66B | €60,374 | €51,300 | -€9,074 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €651,723 | €4,259,948 | +€3.6m | +554% |
| Income taxes | 67/77 | €178,210 | €1,077,945 | +€899,734 | +505% |
| Taxes | 670/3 | €178,250 | €1,078,171 | +€899,921 | +505% |
| Tax adjustments and reversals of tax provisions | 77 | €40 | €226 | +€186 | +471% |
| Profit (loss) for the period | 9904 | €473,512 | €3,182,003 | +€2.7m | +572% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €473,512 | €3,182,003 | +€2.7m | +572% |
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 1 November 2026 via checked.be.