GLOCAL 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.
GLOCAL SOLUTIONS
Largest movements
- Tangible fixed assets -€415,357
down €415,357 (-28.0%), from €1.5m to €1.1m
of which Land and buildings: -€388,785
- Debts after one year -€248,212
down €248,212 (-35.2%), from €704,643 to €456,431
- Reserves -€128,508
down €128,508 (-28.0%), from €458,773 to €330,264
of which Tax-exempt reserves: -€144,557
- Other debts -€117,096
down €117,096 (-51.1%), from €229,241 to €112,144
- Profit (loss) carried forward +€89,699
up €89,699 (+83.1%), from -€107,972 to -€18,273
- Tax, wage and social debts +€46,114
up €46,114 (+4720.1%), from €977 to €47,091
of which Taxes: +€46,114
- Other operating charges +€37,569
up €37,569 (+805.7%), from €4,663 to €42,231
- Gross operating margin -€30,980
down €30,980 (-47.9%), from €64,674 to €33,693
- Depreciation -€10,065
down €10,065 (-24.3%), from €41,425 to €31,361
- Taxes +€8,583
up €8,583 (+4049.3%), from €212 to €8,795
- Financial charges -€2,963
down €2,963 (-8.2%), from €36,016 to €33,053
of which Financial charges: -€3,559
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 | €1,496,461 | €1,078,028 | -€418,433 | -28.0% |
| Fixed assets | 21/28 | €1,485,222 | €1,069,865 | -€415,357 | -28.0% |
| Tangible fixed assets | 22/27 | €1,485,222 | €1,069,865 | -€415,357 | -28.0% |
| Land and buildings | 22 | €1,458,650 | €1,069,865 | -€388,785 | -26.7% |
| Plant, machinery and equipment | 23 | €22,402 | - | -€22,402 | |
| Furniture and vehicles | 24 | €4,169 | - | -€4,169 | |
| Current assets | 29/58 | €11,239 | €8,163 | -€3,076 | -27.4% |
| Amounts receivable within one year | 40/41 | €6,453 | €4,123 | -€2,330 | -36.1% |
| Trade receivables | 40 | €2,658 | €4,123 | +€1,464 | +55.1% |
| Other amounts receivable | 41 | €3,794 | - | -€3,794 | |
| Cash at bank and in hand | 54/58 | €4,787 | €4,041 | -€746 | -15.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,496,461 | €1,078,028 | -€418,433 | -28.0% |
| Equity | 10/15 | €381,787 | €342,978 | -€38,809 | -10.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €458,773 | €330,264 | -€128,508 | -28.0% |
| Non-distributable reserves | 130/1 | €3,838 | €3,838 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,838 | €3,838 | = | 0.0% |
| Tax-exempt reserves | 132 | €440,935 | €296,378 | -€144,557 | -32.8% |
| Distributable reserves | 133 | €14,000 | €30,049 | +€16,049 | +114.6% |
| Profit (loss) carried forward | 14 | -€107,972 | -€18,273 | +€89,699 | +83.1% |
| Provisions and deferred taxes | 16 | €141,629 | €98,793 | -€42,836 | -30.2% |
| Deferred taxes | 168 | €141,629 | €98,793 | -€42,836 | -30.2% |
| Amounts payable | 17/49 | €973,046 | €636,258 | -€336,788 | -34.6% |
| Amounts payable after more than one year | 17 | €704,643 | €456,431 | -€248,212 | -35.2% |
| Financial debts | 170/4 | €704,643 | €456,431 | -€248,212 | -35.2% |
| Amounts payable within one year | 42/48 | €268,402 | €179,827 | -€88,576 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €29,812 | €15,969 | -€13,843 | -46.4% |
| Trade debts | 44 | €8,217 | €4,623 | -€3,594 | -43.7% |
| Suppliers | 440/4 | €8,217 | €4,623 | -€3,594 | -43.7% |
| Advances received on contracts in progress | 46 | €156 | - | -€156 | |
| Taxes, remuneration and social security | 45 | €977 | €47,091 | +€46,114 | +4720.1% |
| Taxes | 450/3 | €977 | €47,091 | +€46,114 | +4720.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €229,241 | €112,144 | -€117,096 | -51.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,626 | - | +€1,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,425 | €31,361 | -€10,065 | -24.3% |
| Other operating charges | 640/8 | €4,663 | €42,231 | +€37,569 | +805.7% |
| Gross operating margin | 9900 | €64,674 | €33,693 | -€30,980 | -47.9% |
| Operating profit (loss) | 9901 | €20,212 | -€39,899 | -€60,111 | |
| Financial income | 75/76B | €1 | €103 | +€102 | +14544.3% |
| Recurring financial income | 75 | €1 | €103 | +€102 | +14544.3% |
| Financial charges | 65/66B | €36,016 | €33,053 | -€2,963 | -8.2% |
| Recurring financial charges | 65 | €36,016 | €32,457 | -€3,559 | -9.9% |
| Non-recurring financial charges | 66B | - | €596 | +€596 | |
| Profit (loss) for the period before taxes | 9903 | -€15,804 | -€72,850 | -€57,046 | -361.0% |
| Transfer from deferred taxes | 780 | €4,760 | €42,836 | +€38,076 | +799.8% |
| Income taxes | 67/77 | €212 | €8,795 | +€8,583 | +4049.3% |
| Profit (loss) for the period | 9904 | -€11,256 | -€38,809 | -€27,553 | -244.8% |
| Transfer from tax-exempt reserves | 789 | €14,281 | €128,508 | +€114,227 | +799.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,026 | €89,699 | +€86,674 | +2864.6% |
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 4 October 2026 via checked.be.