Globe Flex Shipping: 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 Flex Shipping
Largest movements
- Receivables within one year -€80,764
down €80,764 (-17.8%), from €454,287 to €373,523
of which Trade receivables: -€100,145
- Cash +€50,102
up €50,102 (+49.6%), from €100,943 to €151,044
mainly Receivables within one year (+€80,764) and Trade debts (+€45,440)
- Financial fixed assets +€6,438
up €6,438 (+122%), from €5,280 to €11,718
- Profit (loss) carried forward -€50,624
down €50,624 (-23.0%), from €220,119 to €169,495
- Trade debts +€45,440
up €45,440 (+16.9%), from €268,463 to €313,903
- Tax, wage and social debts -€19,011
down €19,011 (-32.6%), from €58,316 to €39,305
of which Taxes: -€19,036
- Write-downs +€297,483
up €297,483, from -€112,211 to €185,272
- Other operating charges -€108,110
down €108,110 (-96.0%), from €112,599 to €4,489
- Taxes -€33,301
down €33,301 (-99.5%), from €33,477 to €176
- Gross operating margin +€24,501
up €24,501 (+7.6%), from €322,401 to €346,902
- Financial charges +€6,455
up €6,455 (+191%), from €3,379 to €9,834
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 | €574,314 | €550,752 | -€23,562 | -4.1% |
| Fixed assets | 21/28 | €15,945 | €21,865 | +€5,920 | +37.1% |
| Tangible fixed assets | 22/27 | €10,666 | €10,148 | -€518 | -4.9% |
| Furniture and vehicles | 24 | €10,666 | €10,148 | -€518 | -4.9% |
| Financial fixed assets | 28 | €5,280 | €11,718 | +€6,438 | +122% |
| Current assets | 29/58 | €558,369 | €528,887 | -€29,482 | -5.3% |
| Amounts receivable within one year | 40/41 | €454,287 | €373,523 | -€80,764 | -17.8% |
| Trade receivables | 40 | €335,588 | €235,443 | -€100,145 | -29.8% |
| Other amounts receivable | 41 | €118,698 | €138,080 | +€19,381 | +16.3% |
| Cash at bank and in hand | 54/58 | €100,943 | €151,044 | +€50,102 | +49.6% |
| Deferred charges and accrued income | 490/1 | €3,140 | €4,319 | +€1,180 | +37.6% |
| Total equity and liabilities | 10/49 | €574,314 | €550,752 | -€23,562 | -4.1% |
| Equity | 10/15 | €240,579 | €189,955 | -€50,624 | -21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,119 | €169,495 | -€50,624 | -23.0% |
| Amounts payable | 17/49 | €333,735 | €360,798 | +€27,063 | +8.1% |
| Amounts payable within one year | 42/48 | €333,735 | €360,698 | +€26,963 | +8.1% |
| Financial debts | 43 | - | €558 | +€558 | |
| Credit institutions | 430/8 | - | €558 | +€558 | |
| Trade debts | 44 | €268,463 | €313,903 | +€45,440 | +16.9% |
| Suppliers | 440/4 | €268,463 | €313,903 | +€45,440 | +16.9% |
| Taxes, remuneration and social security | 45 | €58,316 | €39,305 | -€19,011 | -32.6% |
| Taxes | 450/3 | €37,609 | €18,574 | -€19,036 | -50.6% |
| Remuneration and social security | 454/9 | €20,707 | €20,731 | +€24 | +0.1% |
| Other amounts payable | 47/48 | €6,956 | €6,932 | -€24 | -0.3% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €196,758 | €194,452 | -€2,306 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,609 | €3,741 | +€132 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€112,211 | €185,272 | +€297,483 | |
| Other operating charges | 640/8 | €112,599 | €4,489 | -€108,110 | -96.0% |
| Gross operating margin | 9900 | €322,401 | €346,902 | +€24,501 | +7.6% |
| Operating profit (loss) | 9901 | €121,647 | -€41,052 | -€162,699 | |
| Financial income | 75/76B | €2,850 | €438 | -€2,412 | -84.6% |
| Recurring financial income | 75 | €2,850 | €438 | -€2,412 | -84.6% |
| Financial charges | 65/66B | €3,379 | €9,834 | +€6,455 | +191% |
| Recurring financial charges | 65 | €3,379 | €9,834 | +€6,455 | +191% |
| Profit (loss) for the period before taxes | 9903 | €121,117 | -€50,448 | -€171,566 | |
| Income taxes | 67/77 | €33,477 | €176 | -€33,301 | -99.5% |
| Profit (loss) for the period | 9904 | €87,640 | -€50,624 | -€138,265 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,640 | -€50,624 | -€138,265 |
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.