GLOBAL SERVICES & SOLUTIONS: what changed
Two fiscal 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 & SOLUTIONS
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+315906.0%), from €469 to €1.5m
- Receivables within one year +€442,101
up €442,101 (+72.9%), from €606,596 to €1.0m
of which Trade receivables: +€228,235
- Tangible fixed assets -€29,523
down €29,523 (-9.7%), from €303,651 to €274,128
of which Furniture and vehicles: -€20,280
- Other debts +€1.9m
up €1.9m (+119600.1%), from €1,630 to €2.0m
- Advances received +€131,470
up €131,470 (+45.0%), from €292,180 to €423,650
- Trade debts -€57,778
down €57,778 (-46.3%), from €124,700 to €66,922
- Debts after one year -€54,124
down €54,124 (-26.5%), from €204,308 to €150,184
of which Financial debts: -€54,762
- Tax, wage and social debts -€48,842
down €48,842 (-87.1%), from €56,046 to €7,204
of which Remuneration and social security: -€28,828
- Gross operating margin -€45,865
down €45,865 (-55.9%), from €82,087 to €36,222
- Depreciation +€10,886
up €10,886 (+46.7%), from €23,323 to €34,209
- Financial income -€9,385
down €9,385 (-85.4%), from €10,995 to €1,610
- Taxes -€7,111
down €7,111 (-86.6%), from €8,207 to €1,096
- Other operating charges +€6,964
up €6,964 (+313.2%), from €2,224 to €9,188
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 | €995,717 | €2,868,752 | +€1.9m | +188.1% |
| Fixed assets | 21/28 | €304,119 | €1,755,248 | +€1.5m | +477.2% |
| Tangible fixed assets | 22/27 | €303,651 | €274,128 | -€29,523 | -9.7% |
| Land and buildings | 22 | €209,911 | €201,806 | -€8,106 | -3.9% |
| Plant, machinery and equipment | 23 | €1,138 | €0 | -€1,138 | -100.0% |
| Furniture and vehicles | 24 | €92,602 | €72,322 | -€20,280 | -21.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €469 | €1,481,120 | +€1.5m | +315906.0% |
| Current assets | 29/58 | €691,598 | €1,113,504 | +€421,907 | +61.0% |
| Amounts receivable after more than one year | 29 | €82,073 | €63,173 | -€18,900 | -23.0% |
| Other amounts receivable | 291 | €82,073 | €63,173 | -€18,900 | -23.0% |
| Amounts receivable within one year | 40/41 | €606,596 | €1,048,697 | +€442,101 | +72.9% |
| Trade receivables | 40 | €333,756 | €561,991 | +€228,235 | +68.4% |
| Other amounts receivable | 41 | €272,840 | €486,706 | +€213,865 | +78.4% |
| Cash at bank and in hand | 54/58 | €1,784 | €420 | -€1,364 | -76.5% |
| Deferred charges and accrued income | 490/1 | €1,145 | €1,215 | +€70 | +6.1% |
| Total equity and liabilities | 10/49 | €995,717 | €2,868,752 | +€1.9m | +188.1% |
| Equity | 10/15 | €261,963 | €213,554 | -€48,409 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,363 | €243,363 | = | 0.0% |
| 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 | €241,503 | €241,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€48,409 | -€48,409 | |
| Amounts payable | 17/49 | €733,754 | €2,655,198 | +€1.9m | +261.9% |
| Amounts payable after more than one year | 17 | €204,308 | €150,184 | -€54,124 | -26.5% |
| Financial debts | 170/4 | €161,798 | €107,036 | -€54,762 | -33.8% |
| Other amounts payable | 178/9 | €42,510 | €43,148 | +€638 | +1.5% |
| Amounts payable within one year | 42/48 | €527,626 | €2,503,194 | +€2.0m | +374.4% |
| Current portion of amounts payable after more than one year | 42 | €53,070 | €54,762 | +€1,691 | +3.2% |
| Trade debts | 44 | €124,700 | €66,922 | -€57,778 | -46.3% |
| Suppliers | 440/4 | €124,700 | €66,922 | -€57,778 | -46.3% |
| Advances received on contracts in progress | 46 | €292,180 | €423,650 | +€131,470 | +45.0% |
| Taxes, remuneration and social security | 45 | €56,046 | €7,204 | -€48,842 | -87.1% |
| Taxes | 450/3 | €21,599 | €1,585 | -€20,013 | -92.7% |
| Remuneration and social security | 454/9 | €34,447 | €5,619 | -€28,828 | -83.7% |
| Other amounts payable | 47/48 | €1,630 | €1,950,656 | +€1.9m | +119600.1% |
| Accrued charges and deferred income | 492/3 | €1,820 | €1,820 | = | 0.0% |
| Non-recurring operating income | 76A | - | €25,249 | +€25,249 | |
| Remuneration, social security and pensions | 62 | €36,366 | €31,334 | -€5,033 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,323 | €34,209 | +€10,886 | +46.7% |
| Other operating charges | 640/8 | €2,224 | €9,188 | +€6,964 | +313.2% |
| Gross operating margin | 9900 | €82,087 | €36,222 | -€45,865 | -55.9% |
| Operating profit (loss) | 9901 | €20,173 | -€38,509 | -€58,682 | |
| Financial income | 75/76B | €10,995 | €1,610 | -€9,385 | -85.4% |
| Recurring financial income | 75 | €10,995 | €1,610 | -€9,385 | -85.4% |
| Financial charges | 65/66B | €5,807 | €10,415 | +€4,607 | +79.3% |
| Recurring financial charges | 65 | €5,807 | €10,415 | +€4,607 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €25,361 | -€47,313 | -€72,674 | |
| Income taxes | 67/77 | €8,207 | €1,096 | -€7,111 | -86.6% |
| Profit (loss) for the period | 9904 | €17,154 | -€48,409 | -€65,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,154 | -€48,409 | -€65,563 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.