GLOBAL TRADERS: 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 TRADERS
Largest movements
- Receivables within one year +€106,833
up €106,833 (+1382.2%), from €7,729 to €114,562
of which Trade receivables: +€107,096
- Cash +€67,702
up €67,702 (+457.2%), from €14,808 to €82,510
mainly Trade debts (+€92,021) and Net result for the year (+€63,330)
- Financial fixed assets +€24,000
new in 2025: €24,000
- Stocks and contracts -€11,848
down €11,848 (-21.1%), from €56,213 to €44,365
- Tangible fixed assets +€7,473
new in 2025: €7,473
- Trade debts +€92,021
up €92,021 (+609.9%), from €15,089 to €107,110
- Profit (loss) carried forward +€63,330
up €63,330 (+359.0%), from €17,642 to €80,972
- Tax, wage and social debts +€49,309
up €49,309 (+157.2%), from €31,363 to €80,672
of which Remuneration and social security: +€30,738
- Other debts -€14,000
down €14,000 (-37.8%), from €37,022 to €23,022
- Turnover +€631,981
up €631,981 (+85.0%), from €743,199 to €1.4m
- Purchases and services +€531,139
up €531,139 (+75.4%), from €704,814 to €1.2m
- Gross operating margin +€100,842
up €100,842 (+262.7%), from €38,385 to €139,227
- Staff costs +€28,427
up €28,427 (+138.4%), from €20,539 to €48,966
- Taxes +€15,833
new in 2025: €15,833
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 | €107,316 | €297,976 | +€190,660 | +177.7% |
| Fixed assets | 21/28 | €28,566 | €56,539 | +€27,973 | +97.9% |
| Intangible fixed assets | 21 | €28,566 | €25,066 | -€3,500 | -12.3% |
| Tangible fixed assets | 22/27 | - | €7,473 | +€7,473 | |
| Furniture and vehicles | 24 | - | €7,473 | +€7,473 | |
| Financial fixed assets | 28 | - | €24,000 | +€24,000 | |
| Current assets | 29/58 | €78,750 | €241,437 | +€162,687 | +206.6% |
| Stocks and contracts in progress | 3 | €56,213 | €44,365 | -€11,848 | -21.1% |
| Stocks | 30/36 | €56,213 | €44,365 | -€11,848 | -21.1% |
| Amounts receivable within one year | 40/41 | €7,729 | €114,562 | +€106,833 | +1382.2% |
| Trade receivables | 40 | €7,466 | €114,562 | +€107,096 | +1434.4% |
| Other amounts receivable | 41 | €263 | - | -€263 | |
| Cash at bank and in hand | 54/58 | €14,808 | €82,510 | +€67,702 | +457.2% |
| Total equity and liabilities | 10/49 | €107,316 | €297,976 | +€190,660 | +177.7% |
| Equity | 10/15 | €23,842 | €87,172 | +€63,330 | +265.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €17,642 | €80,972 | +€63,330 | +359.0% |
| Amounts payable | 17/49 | €83,474 | €210,804 | +€127,330 | +152.5% |
| Amounts payable within one year | 42/48 | €83,474 | €210,804 | +€127,330 | +152.5% |
| Trade debts | 44 | €15,089 | €107,110 | +€92,021 | +609.9% |
| Suppliers | 440/4 | €15,089 | €107,110 | +€92,021 | +609.9% |
| Taxes, remuneration and social security | 45 | €31,363 | €80,672 | +€49,309 | +157.2% |
| Taxes | 450/3 | - | €18,571 | +€18,571 | |
| Remuneration and social security | 454/9 | €31,363 | €62,101 | +€30,738 | +98.0% |
| Other amounts payable | 47/48 | €37,022 | €23,022 | -€14,000 | -37.8% |
| Turnover | 70 | €743,199 | €1,375,180 | +€631,981 | +85.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €704,814 | €1,235,953 | +€531,139 | +75.4% |
| Remuneration, social security and pensions | 62 | €20,539 | €48,966 | +€28,427 | +138.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €5,053 | +€1,553 | +44.4% |
| Other operating charges | 640/8 | €611 | €5,882 | +€5,271 | +862.7% |
| Gross operating margin | 9900 | €38,385 | €139,227 | +€100,842 | +262.7% |
| Operating profit (loss) | 9901 | €13,735 | €79,326 | +€65,591 | +477.5% |
| Financial charges | 65/66B | €163 | €163 | = | 0.0% |
| Recurring financial charges | 65 | €163 | €163 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,572 | €79,163 | +€65,591 | +483.3% |
| Income taxes | 67/77 | - | €15,833 | +€15,833 | |
| Profit (loss) for the period | 9904 | €13,572 | €63,330 | +€49,758 | +366.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,572 | €63,330 | +€49,758 | +366.6% |
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 9 October 2026 via checked.be.