Global Xtech: 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 Xtech
Largest movements
- Tangible fixed assets -€4,563
down €4,563 (-66.0%), from €6,918 to €2,354
of which Plant, machinery and equipment: -€3,214
- Receivables within one year -€907
down €907 (-33.9%), from €2,674 to €1,767
of which Trade receivables: -€907
- Cash -€542
down €542 (-67.8%), from €800 to €258
mainly Net result for the year (-€4,026) and Tax, wage and social debts (-€1,102)
- Profit (loss) carried forward -€4,026
down €4,026 (-89.3%), from -€4,508 to -€8,534
- Tax, wage and social debts -€1,102
down €1,102 (-78.7%), from €1,400 to €298
- Other debts -€885
down €885 (-12.0%), from €7,400 to €6,515
- Gross operating margin -€7,243
down €7,243 (-90.8%), from €7,978 to €736
- Depreciation -€2,794
down €2,794 (-38.0%), from €7,358 to €4,563
- Taxes -€301
down €301, from €300 to -€1
- Financial charges +€138
up €138 (+226.2%), from €61 to €198
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,392 | €4,379 | -€6,012 | -57.9% |
| Fixed assets | 21/28 | €6,918 | €2,354 | -€4,563 | -66.0% |
| Tangible fixed assets | 22/27 | €6,918 | €2,354 | -€4,563 | -66.0% |
| Plant, machinery and equipment | 23 | €4,931 | €1,717 | -€3,214 | -65.2% |
| Furniture and vehicles | 24 | €1,986 | €637 | -€1,349 | -67.9% |
| Current assets | 29/58 | €3,474 | €2,025 | -€1,449 | -41.7% |
| Amounts receivable within one year | 40/41 | €2,674 | €1,767 | -€907 | -33.9% |
| Trade receivables | 40 | €1,524 | €617 | -€907 | -59.5% |
| Other amounts receivable | 41 | €1,150 | €1,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €800 | €258 | -€542 | -67.8% |
| Total equity and liabilities | 10/49 | €10,392 | €4,379 | -€6,012 | -57.9% |
| Equity | 10/15 | €1,592 | -€2,434 | -€4,026 | |
| Contributions | 10/11 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,508 | -€8,534 | -€4,026 | -89.3% |
| Amounts payable | 17/49 | €8,800 | €6,813 | -€1,987 | -22.6% |
| Amounts payable within one year | 42/48 | €8,800 | €6,813 | -€1,987 | -22.6% |
| Taxes, remuneration and social security | 45 | €1,400 | €298 | -€1,102 | -78.7% |
| Taxes | 450/3 | €1,400 | €298 | -€1,102 | -78.7% |
| Other amounts payable | 47/48 | €7,400 | €6,515 | -€885 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,358 | €4,563 | -€2,794 | -38.0% |
| Gross operating margin | 9900 | €7,978 | €736 | -€7,243 | -90.8% |
| Operating profit (loss) | 9901 | €621 | -€3,828 | -€4,449 | |
| Financial charges | 65/66B | €61 | €198 | +€138 | +226.2% |
| Recurring financial charges | 65 | €61 | €198 | +€138 | +226.2% |
| Profit (loss) for the period before taxes | 9903 | €560 | -€4,026 | -€4,586 | |
| Income taxes | 67/77 | €300 | -€1 | -€301 | |
| Profit (loss) for the period | 9904 | €260 | -€4,026 | -€4,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €260 | -€4,026 | -€4,286 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.