GLOBE EXPERTS: 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.
GLOBE EXPERTS
Largest movements
- Cash +€10,948
up €10,948 (+16.3%), from €67,109 to €78,056
mainly Depreciation (+€8,650) and Receivables within one year (+€5,707)
- Tangible fixed assets -€8,650
down €8,650 (-39.5%), from €21,891 to €13,241
- Receivables within one year -€5,707
down €5,707 (-24.3%), from €23,525 to €17,818
- Trade debts +€5,562
up €5,562 (+256.3%), from €2,171 to €7,733
- Debts after one year -€5,267
no longer reported in 2025 (was €5,267)
- Tax, wage and social debts -€4,630
down €4,630 (-57.9%), from €7,993 to €3,363
of which Taxes: -€3,518
- Reserves +€3,300
up €3,300 (+13.9%), from €23,700 to €27,000
of which Distributable reserves: +€3,300
- Current portion of long-term debt -€2,493
down €2,493 (-32.1%), from €7,760 to €5,267
- Gross operating margin -€13,542
down €13,542 (-44.4%), from €30,505 to €16,963
- Staff costs -€1,237
down €1,237 (-23.8%), from €5,187 to €3,950
- Taxes -€982
down €982 (-66.2%), from €1,484 to €501
- Other operating charges -€524
down €524 (-55.4%), from €945 to €421
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 | €112,711 | €109,301 | -€3,410 | -3.0% |
| Fixed assets | 21/28 | €21,916 | €13,266 | -€8,650 | -39.5% |
| Tangible fixed assets | 22/27 | €21,891 | €13,241 | -€8,650 | -39.5% |
| Furniture and vehicles | 24 | €21,891 | €13,241 | -€8,650 | -39.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €90,794 | €96,035 | +€5,240 | +5.8% |
| Amounts receivable within one year | 40/41 | €23,525 | €17,818 | -€5,707 | -24.3% |
| Trade receivables | 40 | €23,525 | €17,818 | -€5,707 | -24.3% |
| Cash at bank and in hand | 54/58 | €67,109 | €78,056 | +€10,948 | +16.3% |
| Deferred charges and accrued income | 490/1 | €160 | €160 | -€0 | -0.3% |
| Total equity and liabilities | 10/49 | €112,711 | €109,301 | -€3,410 | -3.0% |
| Equity | 10/15 | €89,517 | €92,935 | +€3,418 | +3.8% |
| 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 | €23,700 | €27,000 | +€3,300 | +13.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €13,500 | €16,800 | +€3,300 | +24.4% |
| Profit (loss) carried forward | 14 | €3,817 | €3,935 | +€118 | +3.1% |
| Amounts payable | 17/49 | €23,194 | €16,366 | -€6,828 | -29.4% |
| Amounts payable after more than one year | 17 | €5,267 | - | -€5,267 | |
| Financial debts | 170/4 | €5,267 | - | -€5,267 | |
| Amounts payable within one year | 42/48 | €17,927 | €16,366 | -€1,561 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €7,760 | €5,267 | -€2,493 | -32.1% |
| Trade debts | 44 | €2,171 | €7,733 | +€5,562 | +256.3% |
| Suppliers | 440/4 | €2,171 | €7,733 | +€5,562 | +256.3% |
| Taxes, remuneration and social security | 45 | €7,993 | €3,363 | -€4,630 | -57.9% |
| Taxes | 450/3 | €6,881 | €3,363 | -€3,518 | -51.1% |
| Remuneration and social security | 454/9 | €1,112 | - | -€1,112 | |
| Other amounts payable | 47/48 | €3 | €3 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,187 | €3,950 | -€1,237 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,784 | €8,650 | -€134 | -1.5% |
| Other operating charges | 640/8 | €945 | €421 | -€524 | -55.4% |
| Gross operating margin | 9900 | €30,505 | €16,963 | -€13,542 | -44.4% |
| Operating profit (loss) | 9901 | €15,589 | €3,941 | -€11,648 | -74.7% |
| Financial income | 75/76B | €222 | €260 | +€38 | +17.2% |
| Recurring financial income | 75 | €222 | €260 | +€38 | +17.2% |
| Financial charges | 65/66B | €453 | €282 | -€171 | -37.7% |
| Recurring financial charges | 65 | €453 | €282 | -€171 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €15,358 | €3,919 | -€11,439 | -74.5% |
| Income taxes | 67/77 | €1,484 | €501 | -€982 | -66.2% |
| Profit (loss) for the period | 9904 | €13,874 | €3,418 | -€10,456 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,874 | €3,418 | -€10,456 | -75.4% |
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 1 October 2026 via checked.be.