Global Technical 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 Technical Solutions
Largest movements
- Cash +€219,772
up €219,772 (+459.1%), from €47,869 to €267,642
mainly Debts after one year (+€262,031) and Depreciation (+€92,646)
- Tangible fixed assets -€74,487
down €74,487 (-16.3%), from €457,728 to €383,241
of which Leasing and similar rights: -€51,115
- Deferred charges and accrued income +€35,608
up €35,608 (+2522.9%), from €1,411 to €37,019
- Debts after one year +€262,031
up €262,031 (+39.7%), from €660,024 to €922,055
of which Other amounts payable: +€362,353
- Reserves -€133,481
down €133,481 (-78.6%), from €169,921 to €36,440
- Trade debts +€62,719
up €62,719 (+79.1%), from €79,333 to €142,053
- Tax, wage and social debts -€30,994
down €30,994 (-37.2%), from €83,227 to €52,233
of which Remuneration and social security: -€24,029
- Gross operating margin -€244,251
down €244,251 (-32.3%), from €755,117 to €510,866
- Staff costs -€55,842
down €55,842 (-10.4%), from €538,619 to €482,777
- Taxes -€17,318
down €17,318 (-97.1%), from €17,834 to €516
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 | €1,969,299 | €2,164,049 | +€194,750 | +9.9% |
| Fixed assets | 21/28 | €481,735 | €406,905 | -€74,830 | -15.5% |
| Intangible fixed assets | 21 | €343 | - | -€343 | |
| Tangible fixed assets | 22/27 | €457,728 | €383,241 | -€74,487 | -16.3% |
| Plant, machinery and equipment | 23 | €126,373 | €100,843 | -€25,529 | -20.2% |
| Furniture and vehicles | 24 | €9,937 | €16,009 | +€6,072 | +61.1% |
| Leasing and similar rights | 25 | €303,911 | €252,796 | -€51,115 | -16.8% |
| Other tangible fixed assets | 26 | €17,507 | €13,592 | -€3,915 | -22.4% |
| Financial fixed assets | 28 | €23,664 | €23,664 | = | 0.0% |
| Current assets | 29/58 | €1,487,564 | €1,757,144 | +€269,580 | +18.1% |
| Stocks and contracts in progress | 3 | €1,219,116 | €1,216,136 | -€2,981 | -0.2% |
| Stocks | 30/36 | €899,566 | €911,311 | +€11,745 | +1.3% |
| Contracts in progress | 37 | €319,551 | €304,825 | -€14,726 | -4.6% |
| Amounts receivable within one year | 40/41 | €219,167 | €236,348 | +€17,181 | +7.8% |
| Trade receivables | 40 | €207,001 | €234,864 | +€27,863 | +13.5% |
| Other amounts receivable | 41 | €12,166 | €1,484 | -€10,682 | -87.8% |
| Cash at bank and in hand | 54/58 | €47,869 | €267,642 | +€219,772 | +459.1% |
| Deferred charges and accrued income | 490/1 | €1,411 | €37,019 | +€35,608 | +2522.9% |
| Total equity and liabilities | 10/49 | €1,969,299 | €2,164,049 | +€194,750 | +9.9% |
| Equity | 10/15 | €1,019,047 | €885,566 | -€133,481 | -13.1% |
| Contributions | 10/11 | €849,126 | €849,126 | = | 0.0% |
| Reserves | 13 | €169,921 | €36,440 | -€133,481 | -78.6% |
| Distributable reserves | 133 | €169,921 | €36,440 | -€133,481 | -78.6% |
| Amounts payable | 17/49 | €950,252 | €1,278,483 | +€328,231 | +34.5% |
| Amounts payable after more than one year | 17 | €660,024 | €922,055 | +€262,031 | +39.7% |
| Financial debts | 170/4 | €172,557 | €72,235 | -€100,323 | -58.1% |
| Other amounts payable | 178/9 | €487,467 | €849,820 | +€362,353 | +74.3% |
| Amounts payable within one year | 42/48 | €289,883 | €356,228 | +€66,345 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €108,687 | €121,972 | +€13,285 | +12.2% |
| Trade debts | 44 | €79,333 | €142,053 | +€62,719 | +79.1% |
| Suppliers | 440/4 | €79,333 | €142,053 | +€62,719 | +79.1% |
| Taxes, remuneration and social security | 45 | €83,227 | €52,233 | -€30,994 | -37.2% |
| Taxes | 450/3 | €18,025 | €11,059 | -€6,966 | -38.6% |
| Remuneration and social security | 454/9 | €65,202 | €41,174 | -€24,029 | -36.9% |
| Other amounts payable | 47/48 | €18,636 | €39,971 | +€21,335 | +114.5% |
| Accrued charges and deferred income | 492/3 | €345 | €200 | -€145 | -42.0% |
| Remuneration, social security and pensions | 62 | €538,619 | €482,777 | -€55,842 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,198 | €92,646 | -€2,552 | -2.7% |
| Other operating charges | 640/8 | €12,652 | €13,267 | +€615 | +4.9% |
| Non-recurring operating charges | 66A | - | €869 | +€869 | |
| Gross operating margin | 9900 | €755,117 | €510,866 | -€244,251 | -32.3% |
| Operating profit (loss) | 9901 | €108,647 | -€78,694 | -€187,340 | |
| Financial charges | 65/66B | €46,900 | €54,271 | +€7,371 | +15.7% |
| Recurring financial charges | 65 | €46,900 | €54,271 | +€7,371 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €61,747 | -€132,965 | -€194,712 | |
| Income taxes | 67/77 | €17,834 | €516 | -€17,318 | -97.1% |
| Profit (loss) for the period | 9904 | €43,913 | -€133,481 | -€177,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,913 | -€133,481 | -€177,394 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.