GLOBALVET: 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.
GLOBALVET
Largest movements
- Cash -€58,776
down €58,776 (-77.0%), from €76,303 to €17,527
mainly Current investments (-€57,134) and Contributions, distributions and other (-€45,000)
- Current investments +€57,134
new in 2025: €57,134
- Receivables within one year +€27,246
up €27,246 (+60.2%), from €45,253 to €72,499
of which Other amounts receivable: +€21,496
- Deferred charges and accrued income -€19,862
no longer reported in 2025 (was €19,862)
- Tangible fixed assets +€15,797
up €15,797 (+71.2%), from €22,198 to €37,995
of which Furniture and vehicles: +€11,183
- Other debts +€47,047
up €47,047 (+113.0%), from €41,637 to €88,683
- Profit (loss) carried forward -€27,675
down €27,675 (-48.4%), from €57,135 to €29,459
- Tax, wage and social debts +€18,498
up €18,498 (+96.3%), from €19,216 to €37,714
- Debts after one year -€7,768
down €7,768 (-31.3%), from €24,854 to €17,086
- Current portion of long-term debt +€7,768
new in 2025: €7,768
- Staff costs +€68,075
new in 2025: €68,075
- Gross operating margin +€20,198
up €20,198 (+23.1%), from €87,468 to €107,667
- Taxes -€14,773
down €14,773 (-76.9%), from €19,216 to €4,443
- Depreciation +€3,144
up €3,144 (+33.1%), from €9,484 to €12,628
- Other operating charges +€2,621
up €2,621 (+233.7%), from €1,121 to €3,743
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 | €163,767 | €195,429 | +€31,663 | +19.3% |
| Fixed assets | 21/28 | €22,348 | €48,270 | +€25,922 | +116.0% |
| Tangible fixed assets | 22/27 | €22,198 | €37,995 | +€15,797 | +71.2% |
| Plant, machinery and equipment | 23 | €4,740 | €9,354 | +€4,614 | +97.3% |
| Furniture and vehicles | 24 | €17,458 | €28,641 | +€11,183 | +64.1% |
| Financial fixed assets | 28 | €150 | €10,275 | +€10,125 | +6750.0% |
| Current assets | 29/58 | €141,418 | €147,159 | +€5,741 | +4.1% |
| Amounts receivable within one year | 40/41 | €45,253 | €72,499 | +€27,246 | +60.2% |
| Trade receivables | 40 | €42,685 | €48,434 | +€5,749 | +13.5% |
| Other amounts receivable | 41 | €2,568 | €24,064 | +€21,496 | +837.1% |
| Current investments | 50/53 | - | €57,134 | +€57,134 | |
| Cash at bank and in hand | 54/58 | €76,303 | €17,527 | -€58,776 | -77.0% |
| Deferred charges and accrued income | 490/1 | €19,862 | - | -€19,862 | |
| Total equity and liabilities | 10/49 | €163,767 | €195,429 | +€31,663 | +19.3% |
| Equity | 10/15 | €61,635 | €33,959 | -€27,675 | -44.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,135 | €29,459 | -€27,675 | -48.4% |
| Amounts payable | 17/49 | €102,132 | €161,470 | +€59,338 | +58.1% |
| Amounts payable after more than one year | 17 | €24,854 | €17,086 | -€7,768 | -31.3% |
| Financial debts | 170/4 | €24,854 | €17,086 | -€7,768 | -31.3% |
| Amounts payable within one year | 42/48 | €73,212 | €144,384 | +€71,171 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,768 | +€7,768 | |
| Financial debts | 43 | €7,499 | - | -€7,499 | |
| Credit institutions | 430/8 | €7,499 | - | -€7,499 | |
| Trade debts | 44 | €4,861 | €10,219 | +€5,358 | +110.2% |
| Suppliers | 440/4 | €4,861 | €10,219 | +€5,358 | +110.2% |
| Taxes, remuneration and social security | 45 | €19,216 | €37,714 | +€18,498 | +96.3% |
| Taxes | 450/3 | €19,216 | €37,714 | +€18,498 | +96.3% |
| Other amounts payable | 47/48 | €41,637 | €88,683 | +€47,047 | +113.0% |
| Accrued charges and deferred income | 492/3 | €4,066 | - | -€4,066 | |
| Remuneration, social security and pensions | 62 | - | €68,075 | +€68,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,484 | €12,628 | +€3,144 | +33.1% |
| Other operating charges | 640/8 | €1,121 | €3,743 | +€2,621 | +233.7% |
| Gross operating margin | 9900 | €87,468 | €107,667 | +€20,198 | +23.1% |
| Operating profit (loss) | 9901 | €76,862 | €23,220 | -€53,642 | -69.8% |
| Financial income | 75/76B | - | €914 | +€914 | |
| Recurring financial income | 75 | - | €558 | +€558 | |
| Non-recurring financial income | 76B | - | €356 | +€356 | |
| Financial charges | 65/66B | €2,506 | €2,366 | -€140 | -5.6% |
| Recurring financial charges | 65 | €2,506 | €2,366 | -€140 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €74,356 | €21,768 | -€52,589 | -70.7% |
| Income taxes | 67/77 | €19,216 | €4,443 | -€14,773 | -76.9% |
| Profit (loss) for the period | 9904 | €55,141 | €17,325 | -€37,816 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,141 | €17,325 | -€37,816 | -68.6% |
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 11 October 2026 via checked.be.