GLOBEZENIT: 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.
GLOBEZENIT
Largest movements
- Receivables within one year -€657,457
down €657,457 (-36.2%), from €1.8m to €1.2m
of which Trade receivables: -€694,578
- Cash +€544,856
up €544,856 (+138.5%), from €393,367 to €938,223
mainly Net result for the year (+€720,292) and Receivables within one year (+€657,457)
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Tangible fixed assets +€229,221
up €229,221 (+82.2%), from €278,865 to €508,086
of which Furniture and vehicles: +€246,138
- Other debts -€315,000
down €315,000 (-47.4%), from €665,000 to €350,000
- Tax, wage and social debts -€108,237
down €108,237 (-25.1%), from €431,249 to €323,012
of which Taxes: -€106,171
- Trade debts +€70,827
up €70,827 (+28.4%), from €249,287 to €320,115
- Staff costs +€240,501
up €240,501 (+14.5%), from €1.7m to €1.9m
- Gross operating margin +€79,087
up €79,087 (+2.7%), from €2.9m to €3.0m
- Taxes -€46,087
down €46,087 (-15.5%), from €296,540 to €250,453
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,023,635 | €2,674,278 | -€349,357 | -11.6% |
| Fixed assets | 21/28 | €285,662 | €509,880 | +€224,217 | +78.5% |
| Intangible fixed assets | 21 | €5,004 | - | -€5,004 | |
| Tangible fixed assets | 22/27 | €278,865 | €508,086 | +€229,221 | +82.2% |
| Plant, machinery and equipment | 23 | €12,777 | €4,623 | -€8,154 | -63.8% |
| Furniture and vehicles | 24 | €225,975 | €472,113 | +€246,138 | +108.9% |
| Other tangible fixed assets | 26 | €40,113 | €31,350 | -€8,763 | -21.8% |
| Financial fixed assets | 28 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €2,737,972 | €2,164,398 | -€573,574 | -20.9% |
| Amounts receivable within one year | 40/41 | €1,814,594 | €1,157,137 | -€657,457 | -36.2% |
| Trade receivables | 40 | €1,807,051 | €1,112,473 | -€694,578 | -38.4% |
| Other amounts receivable | 41 | €7,543 | €44,665 | +€37,121 | +492.1% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €393,367 | €938,223 | +€544,856 | +138.5% |
| Deferred charges and accrued income | 490/1 | €80,011 | €69,038 | -€10,973 | -13.7% |
| Total equity and liabilities | 10/49 | €3,023,635 | €2,674,278 | -€349,357 | -11.6% |
| Equity | 10/15 | €1,649,381 | €1,669,672 | +€20,292 | +1.2% |
| Contributions | 10/11 | €124,031 | €124,031 | = | 0.0% |
| Capital | 10 | €124,031 | €124,031 | = | 0.0% |
| Issued capital | 100 | €124,031 | €124,031 | = | 0.0% |
| Reserves | 13 | €1,525,350 | €1,545,641 | +€20,292 | +1.3% |
| Non-distributable reserves | 130/1 | €12,403 | €12,403 | = | 0.0% |
| Legal reserve | 130 | €12,403 | €12,403 | = | 0.0% |
| Distributable reserves | 133 | €1,512,946 | €1,533,238 | +€20,292 | +1.3% |
| Amounts payable | 17/49 | €1,374,254 | €1,004,605 | -€369,649 | -26.9% |
| Amounts payable after more than one year | 17 | €8,475 | - | -€8,475 | |
| Financial debts | 170/4 | €8,475 | - | -€8,475 | |
| Amounts payable within one year | 42/48 | €1,358,117 | €1,001,602 | -€356,515 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €12,581 | €8,475 | -€4,106 | -32.6% |
| Trade debts | 44 | €249,287 | €320,115 | +€70,827 | +28.4% |
| Suppliers | 440/4 | €249,287 | €320,115 | +€70,827 | +28.4% |
| Taxes, remuneration and social security | 45 | €431,249 | €323,012 | -€108,237 | -25.1% |
| Taxes | 450/3 | €230,902 | €124,731 | -€106,171 | -46.0% |
| Remuneration and social security | 454/9 | €200,347 | €198,281 | -€2,066 | -1.0% |
| Other amounts payable | 47/48 | €665,000 | €350,000 | -€315,000 | -47.4% |
| Accrued charges and deferred income | 492/3 | €7,662 | €3,004 | -€4,659 | -60.8% |
| Remuneration, social security and pensions | 62 | €1,661,716 | €1,902,217 | +€240,501 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,904 | €125,969 | +€24,066 | +23.6% |
| Other operating charges | 640/8 | €8,978 | €9,148 | +€170 | +1.9% |
| Non-recurring operating charges | 66A | €932 | €818 | -€113 | -12.1% |
| Gross operating margin | 9900 | €2,937,127 | €3,016,214 | +€79,087 | +2.7% |
| Operating profit (loss) | 9901 | €1,163,597 | €978,062 | -€185,536 | -15.9% |
| Financial income | 75/76B | €21,183 | €8,919 | -€12,264 | -57.9% |
| Recurring financial income | 75 | €21,183 | €8,919 | -€12,264 | -57.9% |
| Financial charges | 65/66B | €17,562 | €16,236 | -€1,326 | -7.6% |
| Recurring financial charges | 65 | €17,562 | €16,236 | -€1,326 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €1,167,219 | €970,745 | -€196,474 | -16.8% |
| Income taxes | 67/77 | €296,540 | €250,453 | -€46,087 | -15.5% |
| Profit (loss) for the period | 9904 | €870,679 | €720,292 | -€150,387 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €870,679 | €720,292 | -€150,387 | -17.3% |
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 3 October 2026 via checked.be.