GLOBALINDUS: 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.
What changed
GLOBALINDUS
NACE 68.122, Development of non-residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €1.1m+€2.2m
Equity
€39.8m
2024 · €36.5m+€3.3m
Cash
€1.4m
2024 · €1.3m+€129,038
Balance sheet total
€58.9m
2024 · €60.0m-€1.1m
Largest movements
Assets
- Tangible fixed assets -€3.8m
down €3.8m (-10.5%), from €36.1m to €32.3m
of which Assets under construction and advance payments: -€14.8m
- Financial fixed assets +€2.4m
up €2.4m (+13.3%), from €17.8m to €20.2m
of which Affiliated companies: +€2.4m
- Current investments +€2.0m
new in 2025: €2.0m
- Stocks and contracts -€1.9m
down €1.9m (-49.4%), from €3.8m to €1.9m
Equity and liabilities
- Reserves +€3.3m
up €3.3m (+11.1%), from €30.1m to €33.5m
of which Distributable reserves: +€3.4m
- Advances received -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Short-term financial debts -€746,800
down €746,800 (-31.2%), from €2.4m to €1.6m
Income statement
- Turnover +€3.3m
up €3.3m (+106.4%), from €3.1m to €6.4m
- Goods and materials +€3.0m
up €3.0m (+232.0%), from €1.3m to €4.4m
of which Purchases: +€2.3m
- Financial income +€1.6m
up €1.6m (+107.8%), from €1.5m to €3.0m
- Services and other goods +€608,653
up €608,653 (+97.2%), from €626,379 to €1.2m
- Provisions -€235,440
down €235,440, from €109,135 to -€126,305
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.
Result 2024
€1.1m
Turnover
+€3.3m
Other operating income
+€124,767
Goods and materials
-€3.0m
Services and other goods
-€608,653
Depreciation
-€170,559
Provisions
+€235,440
Other operating charges
-€216,151
Other operating items
+€1.2m
Financial income
+€1.6m
Financial charges
+€58,179
Taxes
-€177,596
Deferred taxes and other
-€31,848
Result 2025
€3.3m
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.
From operations
+€3.9m
Investment
-€2.5m
Financing
-€1.2m
Cash 2024
€1.3m
From operations (derived)
+€3.9m
Net result for the year
+€3.3m
Depreciation
+€1.9m
Stocks and contracts
+€1.9m
Receivables within one year
-€239,771
Deferred charges and accrued income
+€132,688
Provisions
-€166,015
Trade debts
-€533,466
Tax, wage and social debts
-€31,850
Advances received
-€2.0m
Other debts
-€265,556
Accrued charges and deferred income
-€143,171
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€512,727
Current investments
-€2.0m
Financing
-€1.2m
Debts after one year
-€442,030
Current portion of long-term debt
+€13,099
Short-term financial debts
-€746,800
Contributions, distributions and other
-€57,578
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,978,598 | €58,925,068 | -€1.1m | -1.8% |
| Fixed assets | 21/28 | €53,905,020 | €52,493,214 | -€1.4m | -2.6% |
| Tangible fixed assets | 22/27 | €36,107,252 | €32,325,205 | -€3.8m | -10.5% |
| Land and buildings | 22 | €21,190,441 | €32,250,046 | +€11.1m | +52.2% |
| Plant, machinery and equipment | 23 | €57,958 | €50,310 | -€7,648 | -13.2% |
| Furniture and vehicles | 24 | €80,765 | €24,849 | -€55,916 | -69.2% |
| Assets under construction and advance payments | 27 | €14,778,088 | €0 | -€14.8m | -100.0% |
| Financial fixed assets | 28 | €17,797,768 | €20,168,009 | +€2.4m | +13.3% |
| Affiliated companies | 280/1 | €17,797,643 | €20,167,884 | +€2.4m | +13.3% |
| Participating interests | 280 | €6,324,050 | €6,324,050 | = | 0.0% |
| Amounts receivable | 281 | €11,473,594 | €13,843,835 | +€2.4m | +20.7% |
| Other financial fixed assets | 284/8 | €125 | €125 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €6,073,578 | €6,431,854 | +€358,276 | +5.9% |
| Stocks and contracts in progress | 3 | €3,801,751 | €1,923,907 | -€1.9m | -49.4% |
| Stocks | 30/36 | €3,801,751 | €1,923,907 | -€1.9m | -49.4% |
| Property held for sale | 35 | €3,801,751 | €1,923,907 | -€1.9m | -49.4% |
| Amounts receivable within one year | 40/41 | €800,230 | €1,040,001 | +€239,771 | +30.0% |
| Trade receivables | 40 | €444,606 | €471,789 | +€27,183 | +6.1% |
| Other amounts receivable | 41 | €355,624 | €568,212 | +€212,587 | +59.8% |
| Current investments | 50/53 | - | €2,000,000 | +€2.0m | |
| Other investments | 51/53 | - | €2,000,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €1,282,373 | €1,411,411 | +€129,038 | +10.1% |
| Deferred charges and accrued income | 490/1 | €189,223 | €56,535 | -€132,688 | -70.1% |
| Total equity and liabilities | 10/49 | €59,978,598 | €58,925,068 | -€1.1m | -1.8% |
| Equity | 10/15 | €36,508,097 | €39,790,028 | +€3.3m | +9.0% |
| Contributions | 10/11 | €6,250,000 | €6,250,000 | = | 0.0% |
| Capital | 10 | €6,250,000 | €6,250,000 | = | 0.0% |
| Issued capital | 100 | €6,250,000 | €6,250,000 | = | 0.0% |
| Reserves | 13 | €30,145,056 | €33,484,565 | +€3.3m | +11.1% |
| Non-distributable reserves | 130/1 | €625,000 | €625,000 | = | 0.0% |
| Legal reserve | 130 | €625,000 | €625,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,078,323 | €983,282 | -€95,042 | -8.8% |
| Distributable reserves | 133 | €28,441,733 | €31,876,283 | +€3.4m | +12.1% |
| Investment grants | 15 | €113,041 | €55,463 | -€57,578 | -50.9% |
| Provisions and deferred taxes | 16 | €537,688 | €371,672 | -€166,015 | -30.9% |
| Provisions for liabilities and charges | 160/5 | €184,335 | €50,000 | -€134,335 | -72.9% |
| Other liabilities and charges | 164/5 | €184,335 | €50,000 | -€134,335 | -72.9% |
| Deferred taxes | 168 | €353,353 | €321,672 | -€31,681 | -9.0% |
| Amounts payable | 17/49 | €22,932,814 | €18,763,368 | -€4.2m | -18.2% |
| Amounts payable after more than one year | 17 | €14,607,109 | €14,165,079 | -€442,030 | -3.0% |
| Financial debts | 170/4 | €14,531,748 | €14,160,303 | -€371,445 | -2.6% |
| Credit institutions | 173 | €5,258,683 | €4,816,873 | -€441,811 | -8.4% |
| Other loans | 174 | €9,273,065 | €9,343,430 | +€70,366 | +0.8% |
| Other amounts payable | 178/9 | €75,361 | €4,776 | -€70,585 | -93.7% |
| Amounts payable within one year | 42/48 | €8,112,737 | €4,528,492 | -€3.6m | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €428,712 | €441,811 | +€13,099 | +3.1% |
| Financial debts | 43 | €2,390,000 | €1,643,200 | -€746,800 | -31.2% |
| Credit institutions | 430/8 | €2,390,000 | €1,643,200 | -€746,800 | -31.2% |
| Trade debts | 44 | €1,048,224 | €514,758 | -€533,466 | -50.9% |
| Suppliers | 440/4 | €1,048,224 | €514,758 | -€533,466 | -50.9% |
| Advances received on contracts in progress | 46 | €2,019,672 | €0 | -€2.0m | -100.0% |
| Taxes, remuneration and social security | 45 | €76,039 | €44,189 | -€31,850 | -41.9% |
| Taxes | 450/3 | €76,039 | €44,189 | -€31,850 | -41.9% |
| Other amounts payable | 47/48 | €2,150,090 | €1,884,534 | -€265,556 | -12.4% |
| Accrued charges and deferred income | 492/3 | €212,968 | €69,797 | -€143,171 | -67.2% |
| Operating income | 70/76A | €5,094,578 | €9,831,592 | +€4.7m | +93.0% |
| Turnover | 70 | €3,080,530 | €6,357,234 | +€3.3m | +106.4% |
| Other operating income | 74 | €1,063,404 | €1,188,170 | +€124,767 | +11.7% |
| Non-recurring operating income | 76A | €950,644 | €2,286,187 | +€1.3m | +140.5% |
| Operating charges | 60/66A | €4,508,559 | €8,440,886 | +€3.9m | +87.2% |
| Goods for resale, raw materials and consumables | 60 | €1,312,763 | €4,358,862 | +€3.0m | +232.0% |
| Purchases | 600/8 | €153,088 | €2,481,018 | +€2.3m | +1520.6% |
| Change in stocks: decrease (increase) | 609 | €1,159,674 | €1,877,844 | +€718,170 | +61.9% |
| Services and other goods | 61 | €626,379 | €1,235,032 | +€608,653 | +97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,753,973 | €1,924,533 | +€170,559 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €109,135 | -€126,305 | -€235,440 | |
| Other operating charges | 640/8 | €706,309 | €922,460 | +€216,151 | +30.6% |
| Non-recurring operating charges | 66A | - | €126,305 | +€126,305 | |
| Operating profit (loss) | 9901 | €586,019 | €1,390,706 | +€804,687 | +137.3% |
| Financial income | 75/76B | €1,464,910 | €3,043,658 | +€1.6m | +107.8% |
| Recurring financial income | 75 | €1,464,910 | €3,043,658 | +€1.6m | +107.8% |
| Income from financial fixed assets | 750 | €799,910 | €2,949,856 | +€2.1m | +268.8% |
| Income from current assets | 751 | €592,333 | €20,216 | -€572,117 | -96.6% |
| Other financial income | 752/9 | €72,667 | €73,587 | +€920 | +1.3% |
| Financial charges | 65/66B | €860,055 | €801,876 | -€58,179 | -6.8% |
| Recurring financial charges | 65 | €860,055 | €801,876 | -€58,179 | -6.8% |
| Debt charges | 650 | €851,881 | €787,823 | -€64,058 | -7.5% |
| Other financial charges | 652/9 | €8,174 | €14,053 | +€5,878 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €1,190,873 | €3,632,488 | +€2.4m | +205.0% |
| Transfer from deferred taxes | 780 | €63,529 | €31,681 | -€31,848 | -50.1% |
| Income taxes | 67/77 | €147,064 | €324,660 | +€177,596 | +120.8% |
| Taxes | 670/3 | €147,064 | €324,660 | +€177,596 | +120.8% |
| Profit (loss) for the period | 9904 | €1,107,338 | €3,339,508 | +€2.2m | +201.6% |
| Transfer from tax-exempt reserves | 789 | €190,587 | €95,042 | -€95,545 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,297,925 | €3,434,550 | +€2.1m | +164.6% |
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 10 October 2026 via checked.be.