GLOBAL MARKETING PROJECTS: what changed
What changed
GLOBAL MARKETING PROJECTS
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
-€24,678
2024 · €27,816-€52,494
Equity
€255,492
2024 · €280,170-€24,678
Cash
€8,033
2024 · €4,185+€3,848
Balance sheet total
€400,383
2024 · €358,684+€41,700
Largest movements
Assets
- Receivables within one year +€35,617
up €35,617 (+117%), from €30,369 to €65,986
of which Trade receivables: +€40,666
- Tangible fixed assets +€28,673
up €28,673 (+659%), from €4,349 to €33,023
of which Leasing and similar rights: +€26,734
- Deferred charges and accrued income -€24,795
down €24,795 (-51.4%), from €48,243 to €23,449
- Current investments -€18,865
down €18,865 (-14.6%), from €128,849 to €109,984
- Stocks and contracts +€18,319
up €18,319 (+73.5%), from €24,914 to €43,233
Equity and liabilities
- Other debts +€52,905
up €52,905 (+132%), from €39,959 to €92,864
- Profit (loss) carried forward -€22,818
down €22,818, from €116 to -€22,703
- Debts after one year +€20,974
new in 2025: €20,974
- Trade debts -€13,993
down €13,993 (-40.8%), from €34,331 to €20,338
- Current portion of long-term debt +€5,711
new in 2025: €5,711
Income statement
- Gross operating margin -€59,188
down €59,188, from €41,273 to -€17,915
- Taxes -€8,885
down €8,885 (-97.7%), from €9,096 to €211
- Financial income +€3,237
up €3,237 (+118%), from €2,753 to €5,991
- Financial charges +€3,162
up €3,162, from -€1,891 to €1,270
- Depreciation +€1,601
up €1,601 (+21.8%), from €7,348 to €8,948
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.
Result 2024
€27,816
Gross operating margin
-€59,188
Depreciation
-€1,601
Other operating charges
-€667
Financial income
+€3,237
Financial charges
-€3,162
Taxes
+€8,885
Result 2025
-€24,678
raises the resultlowers the result
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.
From operations
-€7,186
Investment
-€15,651
Financing
+€26,685
Cash 2024
€4,185
From operations (derived)
-€7,186
Net result for the year
-€24,678
Depreciation
+€8,948
Receivables after one year
-€2,007
Stocks and contracts
-€18,319
Receivables within one year
-€35,617
Deferred charges and accrued income
+€24,795
Trade debts
-€13,993
Tax, wage and social debts
+€584
Other debts
+€52,905
Accrued charges and deferred income
+€198
Investment (derived)
-€15,651
Investment in fixed assets (net)
-€34,516
Current investments
+€18,865
Financing
+€26,685
Debts after one year
+€20,974
Current portion of long-term debt
+€5,711
Cash 2025
€8,033
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,684 | €400,383 | +€41,700 | +11.6% |
| Fixed assets | 21/28 | €14,773 | €40,341 | +€25,568 | +173% |
| Intangible fixed assets | 21 | €9,424 | €6,318 | -€3,106 | -33.0% |
| Tangible fixed assets | 22/27 | €4,349 | €33,023 | +€28,673 | +659% |
| Plant, machinery and equipment | 23 | €750 | €3,834 | +€3,083 | +411% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | - | €26,734 | +€26,734 | |
| Other tangible fixed assets | 26 | €3,599 | €2,455 | -€1,144 | -31.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €343,910 | €360,042 | +€16,132 | +4.7% |
| Amounts receivable after more than one year | 29 | €107,350 | €109,358 | +€2,007 | +1.9% |
| Other amounts receivable | 291 | €107,350 | €109,358 | +€2,007 | +1.9% |
| Stocks and contracts in progress | 3 | €24,914 | €43,233 | +€18,319 | +73.5% |
| Stocks | 30/36 | €24,914 | €43,233 | +€18,319 | +73.5% |
| Amounts receivable within one year | 40/41 | €30,369 | €65,986 | +€35,617 | +117% |
| Trade receivables | 40 | €24,931 | €65,597 | +€40,666 | +163% |
| Other amounts receivable | 41 | €5,438 | €389 | -€5,049 | -92.8% |
| Current investments | 50/53 | €128,849 | €109,984 | -€18,865 | -14.6% |
| Cash at bank and in hand | 54/58 | €4,185 | €8,033 | +€3,848 | +92.0% |
| Deferred charges and accrued income | 490/1 | €48,243 | €23,449 | -€24,795 | -51.4% |
| Total equity and liabilities | 10/49 | €358,684 | €400,383 | +€41,700 | +11.6% |
| Equity | 10/15 | €280,170 | €255,492 | -€24,678 | -8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,854 | €271,994 | -€1,860 | -0.7% |
| Distributable reserves | 133 | €273,854 | €271,994 | -€1,860 | -0.7% |
| Profit (loss) carried forward | 14 | €116 | -€22,703 | -€22,818 | |
| Amounts payable | 17/49 | €78,514 | €144,892 | +€66,378 | +84.5% |
| Amounts payable after more than one year | 17 | - | €20,974 | +€20,974 | |
| Financial debts | 170/4 | - | €20,974 | +€20,974 | |
| Amounts payable within one year | 42/48 | €78,514 | €123,720 | +€45,207 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,711 | +€5,711 | |
| Trade debts | 44 | €34,331 | €20,338 | -€13,993 | -40.8% |
| Suppliers | 440/4 | €34,331 | €20,338 | -€13,993 | -40.8% |
| Taxes, remuneration and social security | 45 | €4,223 | €4,807 | +€584 | +13.8% |
| Taxes | 450/3 | €4,223 | €4,807 | +€584 | +13.8% |
| Other amounts payable | 47/48 | €39,959 | €92,864 | +€52,905 | +132% |
| Accrued charges and deferred income | 492/3 | - | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,348 | €8,948 | +€1,601 | +21.8% |
| Other operating charges | 640/8 | €1,657 | €2,325 | +€667 | +40.3% |
| Gross operating margin | 9900 | €41,273 | -€17,915 | -€59,188 | |
| Operating profit (loss) | 9901 | €32,268 | -€29,188 | -€61,455 | |
| Financial income | 75/76B | €2,753 | €5,991 | +€3,237 | +118% |
| Recurring financial income | 75 | €2,753 | €5,991 | +€3,237 | +118% |
| Financial charges | 65/66B | -€1,891 | €1,270 | +€3,162 | |
| Recurring financial charges | 65 | -€1,891 | €1,270 | +€3,162 | |
| Profit (loss) for the period before taxes | 9903 | €36,912 | -€24,468 | -€61,380 | |
| Income taxes | 67/77 | €9,096 | €211 | -€8,885 | -97.7% |
| Profit (loss) for the period | 9904 | €27,816 | -€24,678 | -€52,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,816 | -€24,678 | -€52,494 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.