GLOBALSIGN: 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.
GLOBALSIGN
Largest movements
- Cash +€584,436
up €584,436 (+18.7%), from €3.1m to €3.7m
mainly Net result for the year (+€709,796) and Receivables within one year (+€217,170)
- Receivables within one year -€217,170
down €217,170 (-9.7%), from €2.2m to €2.0m
of which Trade receivables: -€200,026
- Accrued charges and deferred income +€217,018
up €217,018 (+35.6%), from €608,811 to €825,829
- Other debts +€60,000
up €60,000 (+10.2%), from €590,000 to €650,000
- Profit (loss) carried forward +€59,796
up €59,796 (+22.6%), from €265,165 to €324,962
- Staff costs -€126,443
down €126,443 (-2.7%), from €4.6m to €4.5m
- Financial charges +€65,573
up €65,573 (+720.9%), from €9,096 to €74,669
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,437,148 | €5,858,451 | +€421,303 | +7.7% |
| Fixed assets | 21/28 | €14,267 | €23,283 | +€9,016 | +63.2% |
| Tangible fixed assets | 22/27 | €7,990 | €17,006 | +€9,016 | +112.8% |
| Plant, machinery and equipment | 23 | €7,990 | €17,006 | +€9,016 | +112.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €6,277 | €6,277 | = | 0.0% |
| Current assets | 29/58 | €5,422,881 | €5,835,168 | +€412,287 | +7.6% |
| Amounts receivable within one year | 40/41 | €2,237,065 | €2,019,894 | -€217,170 | -9.7% |
| Trade receivables | 40 | €1,489,653 | €1,289,627 | -€200,026 | -13.4% |
| Other amounts receivable | 41 | €747,412 | €730,268 | -€17,144 | -2.3% |
| Cash at bank and in hand | 54/58 | €3,129,187 | €3,713,624 | +€584,436 | +18.7% |
| Deferred charges and accrued income | 490/1 | €56,629 | €101,650 | +€45,021 | +79.5% |
| Total equity and liabilities | 10/49 | €5,437,148 | €5,858,451 | +€421,303 | +7.7% |
| Equity | 10/15 | €2,770,517 | €2,830,313 | +€59,796 | +2.2% |
| Contributions | 10/11 | €2,277,538 | €2,277,538 | = | 0.0% |
| Capital | 10 | €2,277,538 | €2,277,538 | = | 0.0% |
| Issued capital | 100 | €2,277,538 | €2,277,538 | = | 0.0% |
| Reserves | 13 | €227,814 | €227,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €227,814 | €227,814 | = | 0.0% |
| Legal reserve | 130 | €227,814 | €227,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,165 | €324,962 | +€59,796 | +22.6% |
| Amounts payable | 17/49 | €2,666,631 | €3,028,138 | +€361,507 | +13.6% |
| Amounts payable within one year | 42/48 | €2,057,820 | €2,202,309 | +€144,489 | +7.0% |
| Trade debts | 44 | €288,448 | €331,795 | +€43,348 | +15.0% |
| Suppliers | 440/4 | €288,448 | €331,795 | +€43,348 | +15.0% |
| Taxes, remuneration and social security | 45 | €1,179,372 | €1,220,514 | +€41,141 | +3.5% |
| Taxes | 450/3 | €9,421 | €168,870 | +€159,449 | +1692.6% |
| Remuneration and social security | 454/9 | €1,169,952 | €1,051,644 | -€118,308 | -10.1% |
| Other amounts payable | 47/48 | €590,000 | €650,000 | +€60,000 | +10.2% |
| Accrued charges and deferred income | 492/3 | €608,811 | €825,829 | +€217,018 | +35.6% |
| Remuneration, social security and pensions | 62 | €4,633,664 | €4,507,221 | -€126,443 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,390 | €3,586 | -€13,804 | -79.4% |
| Other operating charges | 640/8 | €30,246 | €16,572 | -€13,674 | -45.2% |
| Gross operating margin | 9900 | €5,431,017 | €5,483,976 | +€52,959 | +1.0% |
| Operating profit (loss) | 9901 | €749,718 | €956,598 | +€206,880 | +27.6% |
| Financial income | 75/76B | €93,493 | €85,264 | -€8,229 | -8.8% |
| Recurring financial income | 75 | €93,493 | €85,264 | -€8,229 | -8.8% |
| Financial charges | 65/66B | €9,096 | €74,669 | +€65,573 | +720.9% |
| Recurring financial charges | 65 | €9,096 | €74,669 | +€65,573 | +720.9% |
| Profit (loss) for the period before taxes | 9903 | €834,115 | €967,193 | +€133,078 | +16.0% |
| Income taxes | 67/77 | €235,611 | €257,396 | +€21,785 | +9.2% |
| Profit (loss) for the period | 9904 | €598,503 | €709,796 | +€111,293 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €598,503 | €709,796 | +€111,293 | +18.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.