GLOBAL MARKETEERS: what changed
GLOBAL MARKETEERS
Largest movements
- Cash -€15,309
down €15,309 (-100.0%), from €15,309 to €0
mainly Net result for the year (-€29,371) and Debts after one year (-€12,502)
- Receivables within one year -€14,745
down €14,745 (-23.9%), from €61,633 to €46,888
of which Other amounts receivable: -€19,423
- Tangible fixed assets -€14,060
down €14,060 (-27.2%), from €51,686 to €37,626
of which Furniture and vehicles: -€13,149
- Stocks and contracts -€4,114
down €4,114 (-81.6%), from €5,044 to €930
- Deferred charges and accrued income +€2,011
up €2,011 (+80.7%), from €2,491 to €4,501
- Reserves -€29,371
down €29,371 (-50.3%), from €58,395 to €29,024
of which Distributable reserves: -€29,371
- Debts after one year -€12,502
down €12,502 (-38.5%), from €32,514 to €20,012
- Other debts -€6,750
down €6,750 (-100%), from €6,750 to €0
- Trade debts +€3,448
up €3,448 (+192%), from €1,795 to €5,243
- Tax, wage and social debts -€2,129
down €2,129 (-34.1%), from €6,253 to €4,123
of which Taxes: -€3,211
- Gross operating margin -€81,718
down €81,718 (-75.5%), from €108,167 to €26,448
- Taxes -€18,834
down €18,834 (-92.6%), from €20,344 to €1,510
- Staff costs +€17,380
up €17,380 (+90.3%), from €19,237 to €36,616
- Depreciation +€6,280
up €6,280 (+80.7%), from €7,780 to €14,060
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,162 | €89,945 | -€46,217 | -33.9% |
| Fixed assets | 21/28 | €51,686 | €37,626 | -€14,060 | -27.2% |
| Tangible fixed assets | 22/27 | €51,686 | €37,626 | -€14,060 | -27.2% |
| Plant, machinery and equipment | 23 | €2,355 | €1,443 | -€912 | -38.7% |
| Furniture and vehicles | 24 | €49,332 | €36,183 | -€13,149 | -26.7% |
| Current assets | 29/58 | €84,476 | €52,319 | -€32,157 | -38.1% |
| Stocks and contracts in progress | 3 | €5,044 | €930 | -€4,114 | -81.6% |
| Stocks | 30/36 | €5,044 | €930 | -€4,114 | -81.6% |
| Amounts receivable within one year | 40/41 | €61,633 | €46,888 | -€14,745 | -23.9% |
| Trade receivables | 40 | €7,667 | €12,345 | +€4,678 | +61.0% |
| Other amounts receivable | 41 | €53,966 | €34,543 | -€19,423 | -36.0% |
| Cash at bank and in hand | 54/58 | €15,309 | €0 | -€15,309 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,491 | €4,501 | +€2,011 | +80.7% |
| Total equity and liabilities | 10/49 | €136,162 | €89,945 | -€46,217 | -33.9% |
| Equity | 10/15 | €76,987 | €47,616 | -€29,371 | -38.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €58,395 | €29,024 | -€29,371 | -50.3% |
| Tax-exempt reserves | 132 | €28,418 | €28,418 | = | 0.0% |
| Distributable reserves | 133 | €29,978 | €607 | -€29,371 | -98.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €59,175 | €42,329 | -€16,846 | -28.5% |
| Amounts payable after more than one year | 17 | €32,514 | €20,012 | -€12,502 | -38.5% |
| Financial debts | 170/4 | €32,514 | €20,012 | -€12,502 | -38.5% |
| Amounts payable within one year | 42/48 | €26,661 | €22,286 | -€4,375 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €11,863 | €12,502 | +€639 | +5.4% |
| Financial debts | 43 | - | €418 | +€418 | |
| Credit institutions | 430/8 | - | €418 | +€418 | |
| Trade debts | 44 | €1,795 | €5,243 | +€3,448 | +192% |
| Suppliers | 440/4 | €1,795 | €5,243 | +€3,448 | +192% |
| Taxes, remuneration and social security | 45 | €6,253 | €4,123 | -€2,129 | -34.1% |
| Taxes | 450/3 | €3,672 | €462 | -€3,211 | -87.4% |
| Remuneration and social security | 454/9 | €2,580 | €3,661 | +€1,081 | +41.9% |
| Other amounts payable | 47/48 | €6,750 | €0 | -€6,750 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €31 | +€31 | |
| Remuneration, social security and pensions | 62 | €19,237 | €36,616 | +€17,380 | +90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €14,060 | +€6,280 | +80.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,311 | €1,254 | -€57 | -4.3% |
| Non-recurring operating charges | 66A | €548 | €301 | -€246 | -45.0% |
| Gross operating margin | 9900 | €108,167 | €26,448 | -€81,718 | -75.5% |
| Operating profit (loss) | 9901 | €79,291 | -€25,784 | -€105,075 | |
| Financial income | 75/76B | €12 | €136 | +€123 | +1,001% |
| Recurring financial income | 75 | €12 | €136 | +€123 | +1,001% |
| Financial charges | 65/66B | €1,941 | €2,212 | +€271 | +14.0% |
| Recurring financial charges | 65 | €1,941 | €2,212 | +€271 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €77,362 | -€27,861 | -€105,223 | |
| Income taxes | 67/77 | €20,344 | €1,510 | -€18,834 | -92.6% |
| Profit (loss) for the period | 9904 | €57,018 | -€29,371 | -€86,389 | |
| Transfer to tax-exempt reserves | 689 | €28,418 | €0 | -€28,418 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €28,600 | -€29,371 | -€57,971 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.