Global Vikings: 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 Vikings
Largest movements
- Receivables within one year -€83,071
down €83,071 (-65.6%), from €126,605 to €43,535
of which Trade receivables: -€83,412
- Cash +€25,386
up €25,386 (+19.2%), from €132,100 to €157,486
mainly Net result for the year (+€121,460) and Receivables within one year (+€83,071)
- Deferred charges and accrued income +€21,816
up €21,816 (+108%), from €20,227 to €42,042
- Receivables after one year -€15,000
down €15,000 (-6.0%), from €250,000 to €235,000
- Current investments +€8,843
up €8,843 (+2.9%), from €307,026 to €315,869
- Advances received -€47,557
down €47,557 (-55.9%), from €85,015 to €37,458
- Trade debts -€46,333
down €46,333 (-33.6%), from €137,854 to €91,521
- Reserves +€36,066
up €36,066 (+6.2%), from €583,643 to €619,708
of which Distributable reserves: +€36,066
- Accrued charges and deferred income +€13,504
up €13,504, from €0 to €13,504
- Gross operating margin -€87,501
down €87,501 (-45.3%), from €192,977 to €105,475
- Financial income +€35,838
up €35,838 (+76.4%), from €46,914 to €82,753
- Financial charges -€10,659
down €10,659 (-61.1%), from €17,436 to €6,777
- Taxes -€7,082
down €7,082 (-10.9%), from €64,673 to €57,592
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 | €841,168 | €799,458 | -€41,709 | -5.0% |
| Fixed assets | 21/28 | €5,210 | €5,527 | +€317 | +6.1% |
| Tangible fixed assets | 22/27 | €5,210 | €5,527 | +€317 | +6.1% |
| Plant, machinery and equipment | 23 | - | €1,323 | +€1,323 | |
| Furniture and vehicles | 24 | €415 | €97 | -€317 | -76.5% |
| Other tangible fixed assets | 26 | €4,795 | €4,106 | -€689 | -14.4% |
| Current assets | 29/58 | €835,958 | €793,932 | -€42,026 | -5.0% |
| Amounts receivable after more than one year | 29 | €250,000 | €235,000 | -€15,000 | -6.0% |
| Other amounts receivable | 291 | €250,000 | €235,000 | -€15,000 | -6.0% |
| Amounts receivable within one year | 40/41 | €126,605 | €43,535 | -€83,071 | -65.6% |
| Trade receivables | 40 | €126,023 | €42,611 | -€83,412 | -66.2% |
| Other amounts receivable | 41 | €583 | €924 | +€341 | +58.5% |
| Current investments | 50/53 | €307,026 | €315,869 | +€8,843 | +2.9% |
| Cash at bank and in hand | 54/58 | €132,100 | €157,486 | +€25,386 | +19.2% |
| Deferred charges and accrued income | 490/1 | €20,227 | €42,042 | +€21,816 | +108% |
| Total equity and liabilities | 10/49 | €841,168 | €799,458 | -€41,709 | -5.0% |
| Equity | 10/15 | €583,829 | €619,894 | +€36,066 | +6.2% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Reserves | 13 | €583,643 | €619,708 | +€36,066 | +6.2% |
| Tax-exempt reserves | 132 | €29,470 | €29,470 | = | 0.0% |
| Distributable reserves | 133 | €554,173 | €590,238 | +€36,066 | +6.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €257,339 | €179,564 | -€77,775 | -30.2% |
| Amounts payable within one year | 42/48 | €257,339 | €166,060 | -€91,279 | -35.5% |
| Trade debts | 44 | €137,854 | €91,521 | -€46,333 | -33.6% |
| Suppliers | 440/4 | €137,854 | €91,521 | -€46,333 | -33.6% |
| Advances received on contracts in progress | 46 | €85,015 | €37,458 | -€47,557 | -55.9% |
| Taxes, remuneration and social security | 45 | €19,540 | €26,111 | +€6,571 | +33.6% |
| Taxes | 450/3 | €19,540 | €26,111 | +€6,571 | +33.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €14,930 | €10,970 | -€3,960 | -26.5% |
| Accrued charges and deferred income | 492/3 | €0 | €13,504 | +€13,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,007 | €1,579 | +€572 | +56.9% |
| Other operating charges | 640/8 | €2,525 | €820 | -€1,705 | -67.5% |
| Gross operating margin | 9900 | €192,977 | €105,475 | -€87,501 | -45.3% |
| Operating profit (loss) | 9901 | €189,445 | €103,076 | -€86,369 | -45.6% |
| Financial income | 75/76B | €46,914 | €82,753 | +€35,838 | +76.4% |
| Recurring financial income | 75 | €46,914 | €82,753 | +€35,838 | +76.4% |
| Financial charges | 65/66B | €17,436 | €6,777 | -€10,659 | -61.1% |
| Recurring financial charges | 65 | €17,436 | €6,777 | -€10,659 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €218,924 | €179,052 | -€39,872 | -18.2% |
| Income taxes | 67/77 | €64,673 | €57,592 | -€7,082 | -10.9% |
| Profit (loss) for the period | 9904 | €154,251 | €121,460 | -€32,790 | -21.3% |
| Transfer to tax-exempt reserves | 689 | €29,470 | €0 | -€29,470 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €124,781 | €121,460 | -€3,320 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.