GLOBAL WAY TELECOM: 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 WAY TELECOM
Largest movements
- Receivables within one year +€85,279
up €85,279 (+400%), from €21,338 to €106,617
of which Trade receivables: +€82,415
- Cash +€36,673
up €36,673 (+402%), from €9,126 to €45,799
mainly Trade debts (+€104,460) and Tax, wage and social debts (+€28,896)
- Tangible fixed assets -€8,908
down €8,908 (-37.2%), from €23,955 to €15,047
of which Plant, machinery and equipment: -€6,638
- Stocks and contracts +€6,340
up €6,340 (+4.5%), from €140,229 to €146,569
- Trade debts +€104,460
up €104,460 (+331%), from €31,557 to €136,017
- Debts after one year -€37,779
no longer reported in 2025 (was €37,779)
- Tax, wage and social debts +€28,896
up €28,896 (+50.8%), from €56,905 to €85,802
of which Remuneration and social security: +€22,706
- Profit (loss) carried forward +€22,768
up €22,768, from -€7,369 to €15,399
- Short-term financial debts +€4,830
up €4,830 (+801%), from €603 to €5,433
- Staff costs +€67,476
up €67,476 (+38.5%), from €175,419 to €242,894
- Gross operating margin +€31,752
up €31,752 (+10.8%), from €293,078 to €324,830
- Financial charges -€3,885
down €3,885 (-16.5%), from €23,581 to €19,697
- Taxes +€3,727
new in 2025: €3,727
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 | €201,198 | €321,081 | +€119,884 | +59.6% |
| Fixed assets | 21/28 | €30,505 | €21,647 | -€8,858 | -29.0% |
| Tangible fixed assets | 22/27 | €23,955 | €15,047 | -€8,908 | -37.2% |
| Land and buildings | 22 | €364 | - | -€364 | |
| Plant, machinery and equipment | 23 | €13,498 | €6,860 | -€6,638 | -49.2% |
| Furniture and vehicles | 24 | €9,259 | €8,187 | -€1,073 | -11.6% |
| Other tangible fixed assets | 26 | €833 | - | -€833 | |
| Financial fixed assets | 28 | €6,550 | €6,600 | +€50 | +0.8% |
| Current assets | 29/58 | €170,693 | €299,434 | +€128,741 | +75.4% |
| Stocks and contracts in progress | 3 | €140,229 | €146,569 | +€6,340 | +4.5% |
| Stocks | 30/36 | €140,229 | €146,569 | +€6,340 | +4.5% |
| Amounts receivable within one year | 40/41 | €21,338 | €106,617 | +€85,279 | +400% |
| Trade receivables | 40 | €3,515 | €85,930 | +€82,415 | +2,345% |
| Other amounts receivable | 41 | €17,823 | €20,686 | +€2,864 | +16.1% |
| Cash at bank and in hand | 54/58 | €9,126 | €45,799 | +€36,673 | +402% |
| Deferred charges and accrued income | 490/1 | - | €449 | +€449 | |
| Total equity and liabilities | 10/49 | €201,198 | €321,081 | +€119,884 | +59.6% |
| Equity | 10/15 | €42,631 | €65,399 | +€22,768 | +53.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,369 | €15,399 | +€22,768 | |
| Amounts payable | 17/49 | €158,567 | €255,683 | +€97,116 | +61.2% |
| Amounts payable after more than one year | 17 | €37,779 | - | -€37,779 | |
| Financial debts | 170/4 | €37,779 | - | -€37,779 | |
| Amounts payable within one year | 42/48 | €120,788 | €255,683 | +€134,895 | +112% |
| Current portion of amounts payable after more than one year | 42 | €31,722 | €28,431 | -€3,292 | -10.4% |
| Financial debts | 43 | €603 | €5,433 | +€4,830 | +801% |
| Credit institutions | 430/8 | €603 | €5,433 | +€4,830 | +801% |
| Trade debts | 44 | €31,557 | €136,017 | +€104,460 | +331% |
| Suppliers | 440/4 | €31,557 | €136,017 | +€104,460 | +331% |
| Taxes, remuneration and social security | 45 | €56,905 | €85,802 | +€28,896 | +50.8% |
| Taxes | 450/3 | €4,003 | €10,193 | +€6,190 | +155% |
| Remuneration and social security | 454/9 | €52,902 | €75,608 | +€22,706 | +42.9% |
| Remuneration, social security and pensions | 62 | €175,419 | €242,894 | +€67,476 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,026 | €10,948 | +€1,922 | +21.3% |
| Other operating charges | 640/8 | €9,789 | €10,029 | +€240 | +2.4% |
| Non-recurring operating charges | 66A | €39,239 | €14,767 | -€24,472 | -62.4% |
| Gross operating margin | 9900 | €293,078 | €324,830 | +€31,752 | +10.8% |
| Operating profit (loss) | 9901 | €59,605 | €46,191 | -€13,414 | -22.5% |
| Financial charges | 65/66B | €23,581 | €19,697 | -€3,885 | -16.5% |
| Recurring financial charges | 65 | €23,581 | €19,697 | -€3,885 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €36,024 | €26,495 | -€9,529 | -26.5% |
| Income taxes | 67/77 | - | €3,727 | +€3,727 | |
| Profit (loss) for the period | 9904 | €36,024 | €22,768 | -€13,256 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,024 | €22,768 | -€13,256 | -36.8% |
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 23 October 2026 via checked.be.