GLOBAL LINK Projects: 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 LINK Projects
Largest movements
- Intangible fixed assets +€77,863
up €77,863 (+82.0%), from €94,973 to €172,836
- Tangible fixed assets -€45,422
down €45,422 (-50.5%), from €90,000 to €44,578
of which Assets under construction and advance payments: -€52,945
- Financial fixed assets -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Receivables within one year +€13,134
up €13,134 (+27.3%), from €48,148 to €61,282
of which Other amounts receivable: +€37,586
- Deferred charges and accrued income -€3,914
down €3,914 (-96.0%), from €4,075 to €161
- Other debts +€32,379
up €32,379 (+12.0%), from €270,621 to €303,000
- Profit (loss) carried forward -€10,622
down €10,622, from €6,686 to -€3,936
- Depreciation +€34,307
up €34,307 (+682.4%), from €5,027 to €39,334
- Gross operating margin +€26,859
up €26,859 (+681.5%), from €3,941 to €30,801
- Other operating charges +€579
up €579 (+42.7%), from €1,357 to €1,936
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 | €299,921 | €321,908 | +€21,986 | +7.3% |
| Fixed assets | 21/28 | €244,973 | €257,414 | +€12,441 | +5.1% |
| Intangible fixed assets | 21 | €94,973 | €172,836 | +€77,863 | +82.0% |
| Tangible fixed assets | 22/27 | €90,000 | €44,578 | -€45,422 | -50.5% |
| Plant, machinery and equipment | 23 | - | €7,523 | +€7,523 | |
| Assets under construction and advance payments | 27 | €90,000 | €37,055 | -€52,945 | -58.8% |
| Financial fixed assets | 28 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Current assets | 29/58 | €54,949 | €64,494 | +€9,545 | +17.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €48,148 | €61,282 | +€13,134 | +27.3% |
| Trade receivables | 40 | €34,534 | €10,082 | -€24,452 | -70.8% |
| Other amounts receivable | 41 | €13,614 | €51,200 | +€37,586 | +276.1% |
| Cash at bank and in hand | 54/58 | €2,726 | €3,050 | +€325 | +11.9% |
| Deferred charges and accrued income | 490/1 | €4,075 | €161 | -€3,914 | -96.0% |
| Total equity and liabilities | 10/49 | €299,921 | €321,908 | +€21,986 | +7.3% |
| Equity | 10/15 | €27,146 | €16,524 | -€10,622 | -39.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,686 | -€3,936 | -€10,622 | |
| Amounts payable | 17/49 | €272,775 | €305,384 | +€32,608 | +12.0% |
| Amounts payable within one year | 42/48 | €272,775 | €305,384 | +€32,608 | +12.0% |
| Trade debts | 44 | €2,154 | €333 | -€1,821 | -84.6% |
| Suppliers | 440/4 | €2,154 | €333 | -€1,821 | -84.6% |
| Taxes, remuneration and social security | 45 | €0 | €2,051 | +€2,051 | |
| Taxes | 450/3 | €0 | €2,051 | +€2,051 | |
| Other amounts payable | 47/48 | €270,621 | €303,000 | +€32,379 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,027 | €39,334 | +€34,307 | +682.4% |
| Other operating charges | 640/8 | €1,357 | €1,936 | +€579 | +42.7% |
| Gross operating margin | 9900 | €3,941 | €30,801 | +€26,859 | +681.5% |
| Operating profit (loss) | 9901 | -€2,443 | -€10,469 | -€8,026 | -328.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €111 | €153 | +€42 | +37.4% |
| Recurring financial charges | 65 | €111 | €153 | +€42 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,554 | -€10,622 | -€8,068 | -315.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,554 | -€10,622 | -€8,068 | -315.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,554 | -€10,622 | -€8,068 | -315.9% |
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.