Globetrade Deluco: what changed
What changed
Globetrade Deluco
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€209,094
2023 · -€877,792+€1.1m
Equity
€5.7m
2023 · €5.5m+€209,094
Cash
€6.8m
2023 · €1.9m+€4.9m
Balance sheet total
€13.7m
2023 · €12.0m+€1.8m
Largest movements
Assets
- Cash +€4.9m
up €4.9m (+254%), from €1.9m to €6.8m
mainly Receivables within one year (+€2.8m) and Short-term financial debts (+€1.6m)
- Receivables within one year -€2.8m
down €2.8m (-56.1%), from €5.0m to €2.2m
of which Trade receivables: -€2.6m
- Financial fixed assets +€501,259
up €501,259 (+625%), from €80,173 to €581,432
of which Companies linked by participating interests: +€500,000
- Tangible fixed assets -€275,098
down €275,098 (-7.1%), from €3.9m to €3.6m
of which Land and buildings: -€244,319
- Intangible fixed assets -€234,825
down €234,825 (-60.7%), from €386,988 to €152,163
Equity and liabilities
- Short-term financial debts +€1.6m
up €1.6m (+82.6%), from €2.0m to €3.6m
- Profit (loss) carried forward +€209,094
up €209,094 (+18.6%), from €1.1m to €1.3m
- Debts after one year -€175,934
down €175,934 (-6.9%), from €2.5m to €2.4m
Income statement
- Goods and materials -€1.2m
down €1.2m (-11.0%), from €10.9m to €9.7m
of which Purchases: -€1.3m
- Financial charges -€316,106
down €316,106 (-59.8%), from €528,224 to €212,118
- Other operating income -€246,672
down €246,672 (-10.7%), from €2.3m to €2.1m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€877,792
Turnover
-€137,955
Other operating income
-€246,672
Goods and materials
+€1.2m
Services and other goods
+€51,172
Staff costs
-€25,115
Depreciation
+€17,274
Write-downs
-€27,402
Other operating charges
+€627
Other operating items
+€8,856
Financial income
-€68,234
Financial charges
+€316,106
Taxes
+€100
Result 2024
€209,094
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.0m
Investment
-€552,669
Financing
+€1.4m
Cash 2023
€1.9m
From operations (derived)
+€4.0m
Net result for the year
+€209,094
Depreciation
+€561,333
Receivables after one year
+€72,845
Smaller working-capital items
+€4,782
Receivables within one year
+€2.8m
Deferred charges and accrued income
+€180,662
Trade debts
-€21,689
Tax, wage and social debts
+€70,537
Advances received
+€87,598
Accrued charges and deferred income
-€16,531
Investment (derived)
-€552,669
Investment in fixed assets (net)
-€552,669
Financing
+€1.4m
Debts after one year
-€175,934
Current portion of long-term debt
-€23,002
Short-term financial debts
+€1.6m
Cash 2024
€6.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,988,558 | €13,745,738 | +€1.8m | +14.7% |
| Fixed assets | 21/28 | €4,340,628 | €4,331,963 | -€8,664 | -0.2% |
| Intangible fixed assets | 21 | €386,988 | €152,163 | -€234,825 | -60.7% |
| Tangible fixed assets | 22/27 | €3,873,467 | €3,598,368 | -€275,098 | -7.1% |
| Land and buildings | 22 | €3,725,608 | €3,481,289 | -€244,319 | -6.6% |
| Plant, machinery and equipment | 23 | €38,455 | €43,429 | +€4,974 | +12.9% |
| Furniture and vehicles | 24 | €42,924 | €23,735 | -€19,189 | -44.7% |
| Other tangible fixed assets | 26 | €66,479 | €49,915 | -€16,564 | -24.9% |
| Financial fixed assets | 28 | €80,173 | €581,432 | +€501,259 | +625% |
| Affiliated companies | 280/1 | €41,500 | €41,500 | = | 0.0% |
| Participating interests | 280 | €41,500 | €41,500 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €25,000 | €525,000 | +€500,000 | +2,000% |
| Participating interests | 282 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable | 283 | - | €500,000 | +€500,000 | |
| Other financial fixed assets | 284/8 | €13,673 | €14,932 | +€1,259 | +9.2% |
| Amounts receivable and cash guarantees | 285/8 | €13,673 | €14,932 | +€1,259 | +9.2% |
| Current assets | 29/58 | €7,647,930 | €9,413,774 | +€1.8m | +23.1% |
| Amounts receivable after more than one year | 29 | €154,356 | €81,511 | -€72,845 | -47.2% |
| Trade receivables | 290 | €154,356 | €81,511 | -€72,845 | -47.2% |
| Stocks and contracts in progress | 3 | €29,143 | €25,686 | -€3,458 | -11.9% |
| Stocks | 30/36 | €29,143 | €25,686 | -€3,458 | -11.9% |
| Goods purchased for resale | 34 | €29,143 | €25,686 | -€3,458 | -11.9% |
| Amounts receivable within one year | 40/41 | €5,049,300 | €2,217,321 | -€2.8m | -56.1% |
| Trade receivables | 40 | €4,502,632 | €1,939,976 | -€2.6m | -56.9% |
| Other amounts receivable | 41 | €546,668 | €277,345 | -€269,323 | -49.3% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,914,310 | €6,769,098 | +€4.9m | +254% |
| Deferred charges and accrued income | 490/1 | €500,821 | €320,159 | -€180,662 | -36.1% |
| Total equity and liabilities | 10/49 | €11,988,558 | €13,745,738 | +€1.8m | +14.7% |
| Equity | 10/15 | €5,452,899 | €5,661,993 | +€209,094 | +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 | €4,266,471 | €4,266,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,214 | €316,214 | = | 0.0% |
| Distributable reserves | 133 | €3,944,056 | €3,944,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,124,428 | €1,333,523 | +€209,094 | +18.6% |
| Amounts payable | 17/49 | €6,535,659 | €8,083,745 | +€1.5m | +23.7% |
| Amounts payable after more than one year | 17 | €2,536,650 | €2,360,715 | -€175,934 | -6.9% |
| Financial debts | 170/4 | €2,536,650 | €2,360,715 | -€175,934 | -6.9% |
| Credit institutions | 173 | €2,536,650 | €2,360,715 | -€175,934 | -6.9% |
| Amounts payable within one year | 42/48 | €3,975,228 | €5,715,778 | +€1.7m | +43.8% |
| Current portion of amounts payable after more than one year | 42 | €208,163 | €185,161 | -€23,002 | -11.0% |
| Financial debts | 43 | €1,967,433 | €3,593,214 | +€1.6m | +82.6% |
| Credit institutions | 430/8 | €1,967,433 | €3,593,214 | +€1.6m | +82.6% |
| Trade debts | 44 | €794,020 | €772,330 | -€21,689 | -2.7% |
| Suppliers | 440/4 | €794,020 | €772,330 | -€21,689 | -2.7% |
| Advances received on contracts in progress | 46 | €493,808 | €581,406 | +€87,598 | +17.7% |
| Taxes, remuneration and social security | 45 | €439,971 | €510,509 | +€70,537 | +16.0% |
| Taxes | 450/3 | €105,223 | €147,453 | +€42,230 | +40.1% |
| Remuneration and social security | 454/9 | €334,748 | €363,055 | +€28,307 | +8.5% |
| Other amounts payable | 47/48 | €71,833 | €73,158 | +€1,325 | +1.8% |
| Accrued charges and deferred income | 492/3 | €23,782 | €7,251 | -€16,531 | -69.5% |
| Operating income | 70/76A | €16,825,530 | €16,449,760 | -€375,771 | -2.2% |
| Turnover | 70 | €14,525,152 | €14,387,198 | -€137,955 | -0.9% |
| Other operating income | 74 | €2,300,278 | €2,053,606 | -€246,672 | -10.7% |
| Non-recurring operating income | 76A | €100 | €8,956 | +€8,856 | +8,856% |
| Operating charges | 60/66A | €17,698,677 | €16,483,991 | -€1.2m | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €10,939,071 | €9,740,942 | -€1.2m | -11.0% |
| Purchases | 600/8 | €10,939,071 | €9,640,460 | -€1.3m | -11.9% |
| Change in stocks: decrease (increase) | 609 | - | €100,482 | +€100,482 | |
| Services and other goods | 61 | €3,210,156 | €3,158,984 | -€51,172 | -1.6% |
| Remuneration, social security and pensions | 62 | €2,916,667 | €2,941,781 | +€25,115 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578,607 | €561,333 | -€17,274 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,178 | €61,580 | +€27,402 | +80.2% |
| Other operating charges | 640/8 | €19,998 | €19,371 | -€627 | -3.1% |
| Operating profit (loss) | 9901 | -€873,146 | -€34,232 | +€838,915 | +96.1% |
| Financial income | 75/76B | €524,698 | €456,464 | -€68,234 | -13.0% |
| Recurring financial income | 75 | €524,698 | €456,464 | -€68,234 | -13.0% |
| Income from current assets | 751 | €167,097 | €113,011 | -€54,085 | -32.4% |
| Other financial income | 752/9 | €357,601 | €343,453 | -€14,148 | -4.0% |
| Financial charges | 65/66B | €528,224 | €212,118 | -€316,106 | -59.8% |
| Recurring financial charges | 65 | €528,224 | €212,118 | -€316,106 | -59.8% |
| Debt charges | 650 | €248,530 | €164,632 | -€83,898 | -33.8% |
| Other financial charges | 652/9 | €279,694 | €47,485 | -€232,209 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | -€876,672 | €210,115 | +€1.1m | |
| Income taxes | 67/77 | €1,120 | €1,020 | -€100 | -8.9% |
| Taxes | 670/3 | €1,624 | €1,342 | -€281 | -17.3% |
| Tax adjustments and reversals of tax provisions | 77 | €504 | €322 | -€182 | -36.1% |
| Profit (loss) for the period | 9904 | -€877,792 | €209,094 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €356,000 | €0 | -€356,000 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€521,792 | €209,094 | +€730,887 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.