Globe Air Cargo: 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.
Globe Air Cargo
Largest movements
- Receivables within one year -€334,934
down €334,934 (-29.3%), from €1.1m to €806,989
of which Trade receivables: -€236,429
- Cash -€294,377
down €294,377 (-90.1%), from €326,733 to €32,356
mainly Trade debts (-€293,446) and Other debts (-€293,202)
- Trade debts -€293,446
down €293,446 (-35.1%), from €834,929 to €541,483
- Other debts -€293,202
down €293,202 (-62.5%), from €469,202 to €176,000
- Tax, wage and social debts -€44,757
down €44,757 (-43.8%), from €102,160 to €57,403
of which Taxes: -€28,262
- Gross operating margin -€318,646
down €318,646 (-29.3%), from €1.1m to €769,956
- Taxes -€103,502
down €103,502 (-62.3%), from €166,217 to €62,715
- Staff costs +€81,066
up €81,066 (+18.2%), from €446,477 to €527,543
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.
Derived cash bridge
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 | €1,483,291 | €852,225 | -€631,066 | -42.5% |
| Fixed assets | 21/28 | €10,635 | €6,354 | -€4,281 | -40.3% |
| Tangible fixed assets | 22/27 | €8,594 | €4,313 | -€4,281 | -49.8% |
| Plant, machinery and equipment | 23 | €1,019 | €278 | -€741 | -72.7% |
| Furniture and vehicles | 24 | €7,575 | €4,035 | -€3,540 | -46.7% |
| Financial fixed assets | 28 | €2,041 | €2,041 | = | 0.0% |
| Current assets | 29/58 | €1,472,656 | €845,871 | -€626,785 | -42.6% |
| Amounts receivable within one year | 40/41 | €1,141,923 | €806,989 | -€334,934 | -29.3% |
| Trade receivables | 40 | €977,802 | €741,373 | -€236,429 | -24.2% |
| Other amounts receivable | 41 | €164,121 | €65,616 | -€98,505 | -60.0% |
| Cash at bank and in hand | 54/58 | €326,733 | €32,356 | -€294,377 | -90.1% |
| Deferred charges and accrued income | 490/1 | €4,000 | €6,526 | +€2,526 | +63.2% |
| Total equity and liabilities | 10/49 | €1,483,291 | €852,225 | -€631,066 | -42.5% |
| Equity | 10/15 | €77,000 | €77,339 | +€339 | +0.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €339 | +€339 | |
| Amounts payable | 17/49 | €1,406,291 | €774,886 | -€631,405 | -44.9% |
| Amounts payable within one year | 42/48 | €1,406,291 | €774,886 | -€631,405 | -44.9% |
| Trade debts | 44 | €834,929 | €541,483 | -€293,446 | -35.1% |
| Suppliers | 440/4 | €834,929 | €541,483 | -€293,446 | -35.1% |
| Taxes, remuneration and social security | 45 | €102,160 | €57,403 | -€44,757 | -43.8% |
| Taxes | 450/3 | €28,262 | - | -€28,262 | |
| Remuneration and social security | 454/9 | €73,898 | €57,403 | -€16,495 | -22.3% |
| Other amounts payable | 47/48 | €469,202 | €176,000 | -€293,202 | -62.5% |
| Remuneration, social security and pensions | 62 | €446,477 | €527,543 | +€81,066 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,765 | €4,281 | -€1,484 | -25.7% |
| Other operating charges | 640/8 | €96 | - | -€96 | |
| Gross operating margin | 9900 | €1,088,602 | €769,956 | -€318,646 | -29.3% |
| Operating profit (loss) | 9901 | €636,264 | €238,132 | -€398,132 | -62.6% |
| Financial income | 75/76B | €719 | €2,359 | +€1,640 | +228% |
| Recurring financial income | 75 | €719 | €2,359 | +€1,640 | +228% |
| Financial charges | 65/66B | €1,423 | €1,437 | +€14 | +1.0% |
| Recurring financial charges | 65 | €1,423 | €1,437 | +€14 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €635,560 | €239,054 | -€396,506 | -62.4% |
| Income taxes | 67/77 | €166,217 | €62,715 | -€103,502 | -62.3% |
| Profit (loss) for the period | 9904 | €469,343 | €176,339 | -€293,004 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €469,343 | €176,339 | -€293,004 | -62.4% |
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 18 October 2026 via checked.be.