GLOBOCON: 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.
GLOBOCON
Largest movements
- Tangible fixed assets -€28,500
down €28,500 (-4.8%), from €592,062 to €563,562
of which Land and buildings: -€27,768
- Cash +€15,682
up €15,682 (+11.0%), from €143,085 to €158,767
mainly Depreciation (+€28,500) and Net result for the year (+€13,668)
- Receivables within one year +€14,555
up €14,555 (+138.0%), from €10,548 to €25,103
of which Trade receivables: +€19,369
- Trade debts -€17,307
down €17,307 (-93.2%), from €18,564 to €1,257
- Profit (loss) carried forward +€13,668
up €13,668 (+32.3%), from €42,296 to €55,964
- Debts after one year -€13,218
down €13,218 (-42.1%), from €31,385 to €18,167
- Tax, wage and social debts +€9,373
up €9,373 (+52.6%), from €17,826 to €27,199
- Gross operating margin -€40,381
down €40,381 (-38.5%), from €104,908 to €64,527
- Taxes -€15,547
down €15,547 (-77.2%), from €20,149 to €4,602
- Financial charges -€1,212
down €1,212 (-21.8%), from €5,561 to €4,349
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 | €750,506 | €750,703 | +€198 | 0.0% |
| Fixed assets | 21/28 | €592,062 | €563,562 | -€28,500 | -4.8% |
| Tangible fixed assets | 22/27 | €592,062 | €563,562 | -€28,500 | -4.8% |
| Land and buildings | 22 | €590,290 | €562,522 | -€27,768 | -4.7% |
| Furniture and vehicles | 24 | €1,772 | €1,040 | -€733 | -41.3% |
| Current assets | 29/58 | €158,444 | €187,142 | +€28,698 | +18.1% |
| Amounts receivable within one year | 40/41 | €10,548 | €25,103 | +€14,555 | +138.0% |
| Trade receivables | 40 | €1,059 | €20,428 | +€19,369 | +1829.4% |
| Other amounts receivable | 41 | €9,489 | €4,675 | -€4,814 | -50.7% |
| Cash at bank and in hand | 54/58 | €143,085 | €158,767 | +€15,682 | +11.0% |
| Deferred charges and accrued income | 490/1 | €4,810 | €3,271 | -€1,539 | -32.0% |
| Total equity and liabilities | 10/49 | €750,506 | €750,703 | +€198 | 0.0% |
| Equity | 10/15 | €663,575 | €677,244 | +€13,668 | +2.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €613,219 | €613,219 | = | 0.0% |
| Distributable reserves | 133 | €613,219 | €613,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,296 | €55,964 | +€13,668 | +32.3% |
| Amounts payable | 17/49 | €86,930 | €73,460 | -€13,471 | -15.5% |
| Amounts payable after more than one year | 17 | €31,385 | €18,167 | -€13,218 | -42.1% |
| Financial debts | 170/4 | €31,385 | €18,167 | -€13,218 | -42.1% |
| Amounts payable within one year | 42/48 | €55,545 | €55,293 | -€253 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €12,879 | €13,218 | +€339 | +2.6% |
| Trade debts | 44 | €18,564 | €1,257 | -€17,307 | -93.2% |
| Suppliers | 440/4 | €18,564 | €1,257 | -€17,307 | -93.2% |
| Advances received on contracts in progress | 46 | - | €4,840 | +€4,840 | |
| Taxes, remuneration and social security | 45 | €17,826 | €27,199 | +€9,373 | +52.6% |
| Taxes | 450/3 | €17,826 | €27,199 | +€9,373 | +52.6% |
| Other amounts payable | 47/48 | €6,276 | €8,779 | +€2,503 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,511 | €28,500 | -€11 | 0.0% |
| Other operating charges | 640/8 | €1,780 | €1,736 | -€44 | -2.5% |
| Non-recurring operating charges | 66A | - | €12,595 | +€12,595 | |
| Gross operating margin | 9900 | €104,908 | €64,527 | -€40,381 | -38.5% |
| Operating profit (loss) | 9901 | €74,617 | €21,696 | -€52,920 | -70.9% |
| Financial income | 75/76B | €3 | €923 | +€920 | +34853.8% |
| Recurring financial income | 75 | €3 | €923 | +€920 | +34853.8% |
| Financial charges | 65/66B | €5,561 | €4,349 | -€1,212 | -21.8% |
| Recurring financial charges | 65 | €5,561 | €4,349 | -€1,212 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €69,058 | €18,270 | -€50,788 | -73.5% |
| Income taxes | 67/77 | €20,149 | €4,602 | -€15,547 | -77.2% |
| Profit (loss) for the period | 9904 | €48,910 | €13,668 | -€35,241 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,910 | €13,668 | -€35,241 | -72.1% |
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 10 October 2026 via checked.be.