Global Record Construct: 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 Record Construct
Largest movements
- Receivables within one year +€17,156
up €17,156 (+302.4%), from €5,674 to €22,830
of which Trade receivables: +€14,119
- Cash -€7,058
down €7,058 (-79.3%), from €8,905 to €1,847
mainly Receivables within one year (-€17,156) and Contributions, distributions and other (-€12,000)
- Receivables after one year -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Tangible fixed assets -€4,242
down €4,242 (-100.0%), from €4,242 to €0
- Deferred charges and accrued income +€1,000
new in 2025: €1,000
- Profit (loss) carried forward -€21,885
down €21,885, from €19,909 to -€1,976
- Trade debts +€12,420
up €12,420 (+425.7%), from €2,917 to €15,337
- Tax, wage and social debts +€9,321
up €9,321 (+2098.1%), from €444 to €9,765
of which Taxes: +€7,010
- Gross operating margin -€16,189
down €16,189 (-47.2%), from €34,329 to €18,139
- Depreciation -€6,314
down €6,314 (-59.8%), from €10,555 to €4,242
- Other operating charges -€2,696
down €2,696 (-67.7%), from €3,984 to €1,287
- Staff costs +€2,638
up €2,638 (+13.8%), from €19,162 to €21,801
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 | €29,271 | €29,127 | -€144 | -0.5% |
| Fixed assets | 21/28 | €7,692 | €3,450 | -€4,242 | -55.1% |
| Tangible fixed assets | 22/27 | €4,242 | €0 | -€4,242 | -100.0% |
| Furniture and vehicles | 24 | €4,242 | €0 | -€4,242 | -100.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €21,579 | €25,677 | +€4,097 | +19.0% |
| Amounts receivable after more than one year | 29 | €7,000 | €0 | -€7,000 | -100.0% |
| Other amounts receivable | 291 | €7,000 | €0 | -€7,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,674 | €22,830 | +€17,156 | +302.4% |
| Trade receivables | 40 | €3,021 | €17,140 | +€14,119 | +467.4% |
| Other amounts receivable | 41 | €2,654 | €5,690 | +€3,036 | +114.4% |
| Cash at bank and in hand | 54/58 | €8,905 | €1,847 | -€7,058 | -79.3% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €29,271 | €29,127 | -€144 | -0.5% |
| Equity | 10/15 | €25,909 | €4,024 | -€21,885 | -84.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,909 | -€1,976 | -€21,885 | |
| Amounts payable | 17/49 | €3,362 | €25,102 | +€21,741 | +646.8% |
| Amounts payable within one year | 42/48 | €3,362 | €25,102 | +€21,741 | +646.8% |
| Trade debts | 44 | €2,917 | €15,337 | +€12,420 | +425.7% |
| Suppliers | 440/4 | €2,917 | €15,337 | +€12,420 | +425.7% |
| Taxes, remuneration and social security | 45 | €444 | €9,765 | +€9,321 | +2098.1% |
| Taxes | 450/3 | €444 | €7,454 | +€7,010 | +1577.9% |
| Remuneration and social security | 454/9 | - | €2,311 | +€2,311 | |
| Remuneration, social security and pensions | 62 | €19,162 | €21,801 | +€2,638 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €4,242 | -€6,314 | -59.8% |
| Other operating charges | 640/8 | €3,984 | €1,287 | -€2,696 | -67.7% |
| Gross operating margin | 9900 | €34,329 | €18,139 | -€16,189 | -47.2% |
| Operating profit (loss) | 9901 | €627 | -€9,190 | -€9,817 | |
| Financial income | 75/76B | - | €214 | +€214 | |
| Recurring financial income | 75 | - | €214 | +€214 | |
| Financial charges | 65/66B | €129 | €219 | +€90 | +69.4% |
| Recurring financial charges | 65 | €129 | €219 | +€90 | +69.4% |
| Profit (loss) for the period before taxes | 9903 | €498 | -€9,195 | -€9,693 | |
| Income taxes | 67/77 | €444 | €690 | +€245 | +55.2% |
| Profit (loss) for the period | 9904 | €54 | -€9,885 | -€9,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €54 | -€9,885 | -€9,939 |
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 12 October 2026 via checked.be.