GLOBAL PARTNERS: 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 PARTNERS
Largest movements
- Current investments +€350,000
up €350,000 (+20.0%), from €1.8m to €2.1m
- Receivables after one year -€245,000
down €245,000 (-14.3%), from €1.7m to €1.5m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€20,833
down €20,833 (-18.6%), from €112,116 to €91,283
- Taxes -€5,537
down €5,537 (-20.2%), from €27,392 to €21,855
- Gross operating margin -€2,248
down €2,248 (-191%), from -€1,180 to -€3,428
- Other operating charges -€964
down €964 (-79.1%), from €1,218 to €254
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,422,025 | €8,487,500 | +€65,475 | +0.8% |
| Fixed assets | 21/28 | €4,644,385 | €4,644,385 | = | 0.0% |
| Financial fixed assets | 28 | €4,644,385 | €4,644,385 | = | 0.0% |
| Current assets | 29/58 | €3,777,640 | €3,843,115 | +€65,475 | +1.7% |
| Amounts receivable after more than one year | 29 | €1,708,282 | €1,463,282 | -€245,000 | -14.3% |
| Other amounts receivable | 291 | €1,708,282 | €1,463,282 | -€245,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €42,688 | €31,419 | -€11,269 | -26.4% |
| Other amounts receivable | 41 | €42,688 | €31,419 | -€11,269 | -26.4% |
| Current investments | 50/53 | €1,750,000 | €2,100,000 | +€350,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €270,670 | €248,414 | -€22,256 | -8.2% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €8,422,025 | €8,487,500 | +€65,475 | +0.8% |
| Equity | 10/15 | €8,421,775 | €8,487,341 | +€65,566 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,401,775 | €8,467,341 | +€65,566 | +0.8% |
| Distributable reserves | 133 | €8,401,775 | €8,467,341 | +€65,566 | +0.8% |
| Amounts payable | 17/49 | €250 | €159 | -€91 | -36.4% |
| Accrued charges and deferred income | 492/3 | €250 | €159 | -€91 | -36.4% |
| Other operating charges | 640/8 | €1,218 | €254 | -€964 | -79.1% |
| Gross operating margin | 9900 | -€1,180 | -€3,428 | -€2,248 | -191% |
| Operating profit (loss) | 9901 | -€2,398 | -€3,682 | -€1,284 | -53.5% |
| Financial income | 75/76B | €112,116 | €91,283 | -€20,833 | -18.6% |
| Recurring financial income | 75 | €112,116 | €91,283 | -€20,833 | -18.6% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €109,568 | €87,421 | -€22,147 | -20.2% |
| Income taxes | 67/77 | €27,392 | €21,855 | -€5,537 | -20.2% |
| Profit (loss) for the period | 9904 | €82,176 | €65,566 | -€16,610 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,176 | €65,566 | -€16,610 | -20.2% |
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 21 October 2026 via checked.be.