Globetrack Solutions: 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.
Globetrack Solutions
Largest movements
- Receivables within one year +€134,042
up €134,042 (+37.6%), from €356,891 to €490,933
of which Other amounts receivable: +€80,020
- Deferred charges and accrued income +€43,558
up €43,558 (+3865.6%), from €1,127 to €44,685
- Stocks and contracts -€18,469
down €18,469 (-82.7%), from €22,337 to €3,868
- Cash -€12,420
down €12,420 (-77.1%), from €16,118 to €3,699
mainly Receivables within one year (-€134,042) and Deferred charges and accrued income (-€43,558)
- Trade debts +€139,887
up €139,887 (+224.8%), from €62,240 to €202,128
- Reserves +€10,883
up €10,883 (+4.3%), from €251,192 to €262,076
of which Distributable reserves: +€10,883
- Other operating charges +€67,620
up €67,620 (+2216.6%), from €3,051 to €70,671
- Staff costs -€24,914
down €24,914 (-18.1%), from €137,611 to €112,697
- Gross operating margin +€11,301
up €11,301 (+6.3%), from €178,944 to €190,245
- Financial income +€10,638
up €10,638 (+155.7%), from €6,834 to €17,472
- Taxes -€4,047
down €4,047 (-40.6%), from €9,967 to €5,920
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 | €402,368 | €554,473 | +€152,105 | +37.8% |
| Fixed assets | 21/28 | €5,895 | €11,288 | +€5,393 | +91.5% |
| Tangible fixed assets | 22/27 | €5,895 | €11,288 | +€5,393 | +91.5% |
| Plant, machinery and equipment | 23 | €3,852 | €506 | -€3,347 | -86.9% |
| Furniture and vehicles | 24 | - | €959 | +€959 | |
| Other tangible fixed assets | 26 | €2,043 | €9,823 | +€7,781 | +380.9% |
| Current assets | 29/58 | €396,472 | €543,184 | +€146,712 | +37.0% |
| Stocks and contracts in progress | 3 | €22,337 | €3,868 | -€18,469 | -82.7% |
| Stocks | 30/36 | €22,337 | €3,868 | -€18,469 | -82.7% |
| Amounts receivable within one year | 40/41 | €356,891 | €490,933 | +€134,042 | +37.6% |
| Trade receivables | 40 | €334,962 | €388,985 | +€54,023 | +16.1% |
| Other amounts receivable | 41 | €21,928 | €101,948 | +€80,020 | +364.9% |
| Cash at bank and in hand | 54/58 | €16,118 | €3,699 | -€12,420 | -77.1% |
| Deferred charges and accrued income | 490/1 | €1,127 | €44,685 | +€43,558 | +3865.6% |
| Total equity and liabilities | 10/49 | €402,368 | €554,473 | +€152,105 | +37.8% |
| Equity | 10/15 | €312,692 | €323,576 | +€10,883 | +3.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €251,192 | €262,076 | +€10,883 | +4.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €245,042 | €255,926 | +€10,883 | +4.4% |
| Amounts payable | 17/49 | €89,675 | €230,897 | +€141,222 | +157.5% |
| Amounts payable within one year | 42/48 | €89,675 | €230,897 | +€141,222 | +157.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €62,240 | €202,128 | +€139,887 | +224.8% |
| Suppliers | 440/4 | €62,240 | €202,128 | +€139,887 | +224.8% |
| Taxes, remuneration and social security | 45 | €27,435 | €27,869 | +€434 | +1.6% |
| Taxes | 450/3 | €0 | €4,787 | +€4,787 | |
| Remuneration and social security | 454/9 | €27,435 | €23,082 | -€4,353 | -15.9% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €137,611 | €112,697 | -€24,914 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,395 | €4,905 | +€510 | +11.6% |
| Other operating charges | 640/8 | €3,051 | €70,671 | +€67,620 | +2216.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €178,944 | €190,245 | +€11,301 | +6.3% |
| Operating profit (loss) | 9901 | €33,888 | €1,973 | -€31,915 | -94.2% |
| Financial income | 75/76B | €6,834 | €17,472 | +€10,638 | +155.7% |
| Recurring financial income | 75 | €6,834 | €17,472 | +€10,638 | +155.7% |
| Financial charges | 65/66B | €4,881 | €2,642 | -€2,239 | -45.9% |
| Recurring financial charges | 65 | €4,881 | €2,642 | -€2,239 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €35,841 | €16,803 | -€19,038 | -53.1% |
| Income taxes | 67/77 | €9,967 | €5,920 | -€4,047 | -40.6% |
| Profit (loss) for the period | 9904 | €25,874 | €10,883 | -€14,991 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,874 | €10,883 | -€14,991 | -57.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.