GLOBAL TRADE SOLUTIONS: 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 TRADE SOLUTIONS
Largest movements
- Receivables within one year +€16,186
up €16,186 (+166%), from €9,757 to €25,942
of which Trade receivables: +€16,200
- Cash -€9,375
down €9,375 (-73.5%), from €12,761 to €3,386
mainly Receivables within one year (-€16,186) and Net result for the year (-€12,103)
- Tangible fixed assets -€6,343
down €6,343 (-27.9%), from €22,716 to €16,373
of which Furniture and vehicles: -€4,410
- Deferred charges and accrued income -€1,054
down €1,054 (-86.9%), from €1,213 to €159
- Profit (loss) carried forward -€12,103
down €12,103 (-49.2%), from €24,620 to €12,518
- Tax, wage and social debts +€6,409
up €6,409 (+46.8%), from €13,707 to €20,116
of which Remuneration and social security: +€9,987
- Other debts +€4,032
new in 2025: €4,032
- Trade debts +€1,075
up €1,075 (+34.5%), from €3,120 to €4,195
- Gross operating margin -€16,900
down €16,900 (-24.4%), from €69,241 to €52,341
- Staff costs +€10,803
up €10,803 (+27.4%), from €39,473 to €50,276
- Taxes -€6,284
down €6,284 (-87.8%), from €7,154 to €870
- Other operating charges +€3,195
up €3,195 (+177%), from €1,802 to €4,997
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 | €46,447 | €45,861 | -€586 | -1.3% |
| Fixed assets | 21/28 | €22,716 | €16,373 | -€6,343 | -27.9% |
| Tangible fixed assets | 22/27 | €22,716 | €16,373 | -€6,343 | -27.9% |
| Land and buildings | 22 | €12,475 | €10,608 | -€1,867 | -15.0% |
| Plant, machinery and equipment | 23 | €266 | €199 | -€67 | -25.0% |
| Furniture and vehicles | 24 | €9,975 | €5,566 | -€4,410 | -44.2% |
| Current assets | 29/58 | €23,731 | €29,488 | +€5,757 | +24.3% |
| Amounts receivable within one year | 40/41 | €9,757 | €25,942 | +€16,186 | +166% |
| Trade receivables | 40 | €8,100 | €24,300 | +€16,200 | +200% |
| Other amounts receivable | 41 | €1,657 | €1,642 | -€14 | -0.9% |
| Cash at bank and in hand | 54/58 | €12,761 | €3,386 | -€9,375 | -73.5% |
| Deferred charges and accrued income | 490/1 | €1,213 | €159 | -€1,054 | -86.9% |
| Total equity and liabilities | 10/49 | €46,447 | €45,861 | -€586 | -1.3% |
| Equity | 10/15 | €29,620 | €17,518 | -€12,103 | -40.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,620 | €12,518 | -€12,103 | -49.2% |
| Amounts payable | 17/49 | €16,826 | €28,343 | +€11,516 | +68.4% |
| Amounts payable within one year | 42/48 | €16,826 | €28,343 | +€11,516 | +68.4% |
| Trade debts | 44 | €3,120 | €4,195 | +€1,075 | +34.5% |
| Suppliers | 440/4 | €3,120 | €4,195 | +€1,075 | +34.5% |
| Taxes, remuneration and social security | 45 | €13,707 | €20,116 | +€6,409 | +46.8% |
| Taxes | 450/3 | €12,754 | €9,176 | -€3,578 | -28.1% |
| Remuneration and social security | 454/9 | €953 | €10,940 | +€9,987 | +1,048% |
| Other amounts payable | 47/48 | - | €4,032 | +€4,032 | |
| Remuneration, social security and pensions | 62 | €39,473 | €50,276 | +€10,803 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,810 | €6,343 | +€533 | +9.2% |
| Other operating charges | 640/8 | €1,802 | €4,997 | +€3,195 | +177% |
| Gross operating margin | 9900 | €69,241 | €52,341 | -€16,900 | -24.4% |
| Operating profit (loss) | 9901 | €22,155 | -€9,276 | -€31,431 | |
| Financial charges | 65/66B | €1,989 | €1,957 | -€32 | -1.6% |
| Recurring financial charges | 65 | €1,989 | €1,957 | -€32 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €20,166 | -€11,233 | -€31,399 | |
| Income taxes | 67/77 | €7,154 | €870 | -€6,284 | -87.8% |
| Profit (loss) for the period | 9904 | €13,012 | -€12,103 | -€25,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,012 | -€12,103 | -€25,115 |
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 25 October 2026 via checked.be.