GLOBALL CONCEPT: 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.
What changed
GLOBALL CONCEPT
NACE 47.552, Retail sale of lighting equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€19,371
2024 · €363,192-€382,563
Equity
€2.8m
2024 · €3.1m-€359,542
Cash
€105,101
2024 · €49,013+€56,088
Balance sheet total
€5.9m
2024 · €6.0m-€69,272
Largest movements
Assets
- Tangible fixed assets -€161,348
down €161,348 (-15.4%), from €1.0m to €887,345
of which Leasing and similar rights: -€150,750
- Receivables within one year +€135,974
up €135,974 (+49.9%), from €272,419 to €408,393
of which Trade receivables: +€182,408
- Stocks and contracts -€116,094
down €116,094 (-2.6%), from €4.5m to €4.4m
Equity and liabilities
- Short-term financial debts +€925,000
up €925,000 (+370.0%), from €250,000 to €1.2m
- Profit (loss) carried forward -€351,207
down €351,207 (-11.6%), from €3.0m to €2.7m
- Accrued charges and deferred income -€349,007
down €349,007 (-71.6%), from €487,203 to €138,196
- Debts after one year -€213,813
down €213,813 (-22.0%), from €970,385 to €756,572
- Tax, wage and social debts -€63,668
down €63,668 (-29.8%), from €213,319 to €149,651
of which Taxes: -€62,657
Income statement
- Turnover -€444,501
down €444,501 (-4.9%), from €9.0m to €8.6m
- Staff costs +€312,124
up €312,124 (+14.2%), from €2.2m to €2.5m
- Taxes -€134,637
down €134,637 (-96.3%), from €139,836 to €5,200
of which Taxes: -€134,637
- Services and other goods -€100,852
down €100,852 (-4.8%), from €2.1m to €2.0m
- Depreciation -€95,173
down €95,173 (-26.4%), from €361,161 to €265,988
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
€363,192
Turnover
-€444,501
Other operating income
+€4,340
Goods and materials
+€79,824
Services and other goods
+€100,852
Staff costs
-€312,124
Depreciation
+€95,173
Write-downs
-€3,648
Other operating charges
-€541
Other operating items
-€1,858
Financial income
-€51,449
Financial charges
+€16,731
Taxes
+€134,637
Result 2025
-€19,371
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
-€241,266
Investment
-€85,311
Financing
+€382,665
Cash 2024
€49,013
From operations (derived)
-€241,266
Net result for the year
-€19,371
Depreciation
+€265,988
Stocks and contracts
+€116,094
Receivables within one year
-€135,974
Deferred charges and accrued income
-€35,436
Provisions
-€2,778
Trade debts
-€33,889
Tax, wage and social debts
-€63,668
Advances received
-€36,338
Other debts
+€53,116
Accrued charges and deferred income
-€349,007
Investment (derived)
-€85,311
Investment in fixed assets (net)
-€85,311
Financing
+€382,665
Debts after one year
-€213,813
Current portion of long-term debt
+€11,649
Short-term financial debts
+€925,000
Contributions, distributions and other
-€340,171
Cash 2025
€105,101
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,987,749 | €5,918,477 | -€69,272 | -1.2% |
| Fixed assets | 21/28 | €1,085,185 | €904,508 | -€180,677 | -16.6% |
| Intangible fixed assets | 21 | €33,412 | €14,083 | -€19,329 | -57.9% |
| Tangible fixed assets | 22/27 | €1,048,693 | €887,345 | -€161,348 | -15.4% |
| Plant, machinery and equipment | 23 | €165,687 | €131,073 | -€34,614 | -20.9% |
| Furniture and vehicles | 24 | €65,183 | €94,249 | +€29,066 | +44.6% |
| Leasing and similar rights | 25 | €766,313 | €615,563 | -€150,750 | -19.7% |
| Other tangible fixed assets | 26 | €51,510 | €46,461 | -€5,050 | -9.8% |
| Financial fixed assets | 28 | €3,080 | €3,080 | -€0 | 0.0% |
| Affiliated companies | 280/1 | €2,199 | €2,199 | -€0 | 0.0% |
| Participating interests | 280 | €2,199 | €2,199 | -€0 | 0.0% |
| Other financial fixed assets | 284/8 | €881 | €881 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €881 | €881 | = | 0.0% |
| Current assets | 29/58 | €4,902,565 | €5,013,969 | +€111,405 | +2.3% |
| Stocks and contracts in progress | 3 | €4,540,699 | €4,424,605 | -€116,094 | -2.6% |
| Stocks | 30/36 | €4,540,699 | €4,424,605 | -€116,094 | -2.6% |
| Goods purchased for resale | 34 | €4,540,699 | €4,424,605 | -€116,094 | -2.6% |
| Amounts receivable within one year | 40/41 | €272,419 | €408,393 | +€135,974 | +49.9% |
| Trade receivables | 40 | €179,202 | €361,610 | +€182,408 | +101.8% |
| Other amounts receivable | 41 | €93,216 | €46,782 | -€46,434 | -49.8% |
| Cash at bank and in hand | 54/58 | €49,013 | €105,101 | +€56,088 | +114.4% |
| Deferred charges and accrued income | 490/1 | €40,434 | €75,870 | +€35,436 | +87.6% |
| Total equity and liabilities | 10/49 | €5,987,749 | €5,918,477 | -€69,272 | -1.2% |
| Equity | 10/15 | €3,143,072 | €2,783,530 | -€359,542 | -11.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,039,021 | €2,687,814 | -€351,207 | -11.6% |
| Investment grants | 15 | €35,851 | €27,516 | -€8,335 | -23.2% |
| Provisions and deferred taxes | 16 | €11,950 | €9,172 | -€2,778 | -23.2% |
| Deferred taxes | 168 | €11,950 | €9,172 | -€2,778 | -23.2% |
| Amounts payable | 17/49 | €2,832,727 | €3,125,775 | +€293,048 | +10.3% |
| Amounts payable after more than one year | 17 | €970,385 | €756,572 | -€213,813 | -22.0% |
| Financial debts | 170/4 | €970,385 | €756,572 | -€213,813 | -22.0% |
| Leasing and similar obligations | 172 | €834,568 | €645,508 | -€189,061 | -22.7% |
| Credit institutions | 173 | €135,817 | €111,064 | -€24,753 | -18.2% |
| Amounts payable within one year | 42/48 | €1,375,138 | €2,231,007 | +€855,869 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €202,164 | €213,813 | +€11,649 | +5.8% |
| Financial debts | 43 | €250,000 | €1,175,000 | +€925,000 | +370.0% |
| Credit institutions | 430/8 | €250,000 | €1,175,000 | +€925,000 | +370.0% |
| Trade debts | 44 | €413,316 | €379,427 | -€33,889 | -8.2% |
| Suppliers | 440/4 | €413,316 | €379,427 | -€33,889 | -8.2% |
| Advances received on contracts in progress | 46 | €36,338 | €0 | -€36,338 | -100.0% |
| Taxes, remuneration and social security | 45 | €213,319 | €149,651 | -€63,668 | -29.8% |
| Taxes | 450/3 | €64,836 | €2,179 | -€62,657 | -96.6% |
| Remuneration and social security | 454/9 | €148,483 | €147,472 | -€1,011 | -0.7% |
| Other amounts payable | 47/48 | €260,000 | €313,116 | +€53,116 | +20.4% |
| Accrued charges and deferred income | 492/3 | €487,203 | €138,196 | -€349,007 | -71.6% |
| Operating income | 70/76A | €9,113,814 | €8,673,336 | -€440,478 | -4.8% |
| Turnover | 70 | €9,016,811 | €8,572,310 | -€444,501 | -4.9% |
| Other operating income | 74 | €96,686 | €101,026 | +€4,340 | +4.5% |
| Non-recurring operating income | 76A | €318 | €0 | -€318 | -100.0% |
| Operating charges | 60/66A | €8,523,920 | €8,565,923 | +€42,003 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €3,822,410 | €3,742,586 | -€79,824 | -2.1% |
| Purchases | 600/8 | €3,982,521 | €3,626,493 | -€356,028 | -8.9% |
| Change in stocks: decrease (increase) | 609 | -€160,110 | €116,094 | +€276,204 | |
| Services and other goods | 61 | €2,095,042 | €1,994,190 | -€100,852 | -4.8% |
| Remuneration, social security and pensions | 62 | €2,201,956 | €2,514,080 | +€312,124 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,161 | €265,988 | -€95,173 | -26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,587 | €8,235 | +€3,648 | +79.5% |
| Other operating charges | 640/8 | €38,763 | €39,304 | +€541 | +1.4% |
| Non-recurring operating charges | 66A | - | €1,540 | +€1,540 | |
| Operating profit (loss) | 9901 | €589,894 | €107,413 | -€482,482 | -81.8% |
| Financial income | 75/76B | €65,351 | €13,903 | -€51,449 | -78.7% |
| Recurring financial income | 75 | €65,351 | €10,923 | -€54,428 | -83.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €887 | €921 | +€35 | +3.9% |
| Other financial income | 752/9 | €64,464 | €10,002 | -€54,463 | -84.5% |
| Non-recurring financial income | 76B | €0 | €2,979 | +€2,979 | |
| Financial charges | 65/66B | €154,996 | €138,265 | -€16,731 | -10.8% |
| Recurring financial charges | 65 | €154,996 | €138,265 | -€16,731 | -10.8% |
| Debt charges | 650 | €133,213 | €120,652 | -€12,561 | -9.4% |
| Other financial charges | 652/9 | €21,783 | €17,613 | -€4,170 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €500,250 | -€16,950 | -€517,200 | |
| Transfer from deferred taxes | 780 | €2,778 | €2,778 | = | 0.0% |
| Income taxes | 67/77 | €139,836 | €5,200 | -€134,637 | -96.3% |
| Taxes | 670/3 | €139,836 | €5,200 | -€134,637 | -96.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €363,192 | -€19,371 | -€382,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €363,192 | -€19,371 | -€382,563 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.