GLOBAL SERVICES PROVIDER PARTNER: 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 SERVICES PROVIDER PARTNER
Largest movements
- Cash +€98,512
up €98,512 (+249%), from €39,531 to €138,044
mainly Net result for the year (+€47,411) and Trade debts (+€30,416)
- Receivables within one year -€27,151
down €27,151 (-32.6%), from €83,268 to €56,117
of which Trade receivables: -€19,919
- Stocks and contracts +€12,055
up €12,055 (+148%), from €8,149 to €20,204
- Profit (loss) carried forward +€38,634
no longer reported in 2025 (was -€38,634)
- Trade debts +€30,416
up €30,416 (+31.5%), from €96,514 to €126,931
- Reserves +€8,777
up €8,777 (+472%), from €1,860 to €10,637
of which Distributable reserves: +€8,777
- Tax, wage and social debts +€4,649
up €4,649 (+244%), from €1,908 to €6,557
- Gross operating margin +€43,085
up €43,085 (+687%), from €6,274 to €49,359
- Write-downs -€30,161
down €30,161 (-2,335%), from -€1,292 to -€31,453
- Other operating charges +€27,482
up €27,482 (+675%), from €4,070 to €31,553
- Depreciation -€1,126
down €1,126 (-71.8%), from €1,568 to €442
- Financial charges -€1,100
down €1,100 (-51.0%), from €2,157 to €1,057
of which Financial charges: -€1,110
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 | €136,746 | €219,222 | +€82,477 | +60.3% |
| Fixed assets | 21/28 | €5,519 | €4,610 | -€908 | -16.5% |
| Tangible fixed assets | 22/27 | €1,689 | €781 | -€908 | -53.8% |
| Furniture and vehicles | 24 | €739 | - | -€739 | |
| Other tangible fixed assets | 26 | €950 | €781 | -€170 | -17.8% |
| Financial fixed assets | 28 | €3,830 | €3,830 | = | 0.0% |
| Current assets | 29/58 | €131,227 | €214,612 | +€83,385 | +63.5% |
| Stocks and contracts in progress | 3 | €8,149 | €20,204 | +€12,055 | +148% |
| Stocks | 30/36 | €8,149 | €20,204 | +€12,055 | +148% |
| Amounts receivable within one year | 40/41 | €83,268 | €56,117 | -€27,151 | -32.6% |
| Trade receivables | 40 | €75,521 | €55,603 | -€19,919 | -26.4% |
| Other amounts receivable | 41 | €7,747 | €514 | -€7,232 | -93.4% |
| Cash at bank and in hand | 54/58 | €39,531 | €138,044 | +€98,512 | +249% |
| Deferred charges and accrued income | 490/1 | €279 | €247 | -€32 | -11.5% |
| Total equity and liabilities | 10/49 | €136,746 | €219,222 | +€82,477 | +60.3% |
| Equity | 10/15 | -€30,574 | €16,837 | +€47,411 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,637 | +€8,777 | +472% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €8,777 | +€8,777 | |
| Profit (loss) carried forward | 14 | -€38,634 | - | +€38,634 | |
| Provisions and deferred taxes | 16 | €65,800 | €65,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €65,800 | €65,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €65,800 | €65,800 | = | 0.0% |
| Amounts payable | 17/49 | €101,520 | €136,585 | +€35,066 | +34.5% |
| Amounts payable within one year | 42/48 | €101,520 | €136,585 | +€35,066 | +34.5% |
| Trade debts | 44 | €96,514 | €126,931 | +€30,416 | +31.5% |
| Suppliers | 440/4 | €96,514 | €126,931 | +€30,416 | +31.5% |
| Taxes, remuneration and social security | 45 | €1,908 | €6,557 | +€4,649 | +244% |
| Taxes | 450/3 | €1,908 | €6,557 | +€4,649 | +244% |
| Other amounts payable | 47/48 | €3,098 | €3,098 | = | 0.0% |
| Non-recurring operating income | 76A | €19,264 | - | -€19,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568 | €442 | -€1,126 | -71.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,292 | -€31,453 | -€30,161 | -2,335% |
| Other operating charges | 640/8 | €4,070 | €31,553 | +€27,482 | +675% |
| Non-recurring operating charges | 66A | - | €466 | +€466 | |
| Gross operating margin | 9900 | €6,274 | €49,359 | +€43,085 | +687% |
| Operating profit (loss) | 9901 | €1,927 | €48,351 | +€46,423 | +2,409% |
| Financial income | 75/76B | €70 | €117 | +€48 | +68.9% |
| Recurring financial income | 75 | €70 | €117 | +€48 | +68.9% |
| Financial charges | 65/66B | €2,157 | €1,057 | -€1,100 | -51.0% |
| Recurring financial charges | 65 | €2,157 | €1,047 | -€1,110 | -51.4% |
| Non-recurring financial charges | 66B | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | -€160 | €47,411 | +€47,571 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€160 | €47,411 | +€47,571 | |
| Profit (loss) for the period to be appropriated | 9905 | -€160 | €47,411 | +€47,571 |
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.