The Globe: 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.
The Globe
Largest movements
- Tangible fixed assets +€26,888
up €26,888 (+51.4%), from €52,288 to €79,176
of which Plant, machinery and equipment: +€29,891
- Cash +€24,179
up €24,179 (+147.7%), from €16,369 to €40,548
mainly Net result for the year (+€81,344) and Tax, wage and social debts (+€12,454)
- Receivables within one year +€5,201
up €5,201 (+13.7%), from €37,898 to €43,099
of which Trade receivables: +€3,305
- Deferred charges and accrued income +€1,884
up €1,884 (+119.5%), from €1,576 to €3,460
- Profit (loss) carried forward +€81,344
up €81,344 (+38.5%), from -€211,413 to -€130,069
- Other debts -€39,854
down €39,854 (-44.1%), from €90,405 to €50,551
- Tax, wage and social debts +€12,454
up €12,454 (+2805.0%), from €444 to €12,898
- Trade debts +€9,328
up €9,328 (+44.3%), from €21,038 to €30,366
- Debts after one year -€3,250
down €3,250 (-36.4%), from €8,938 to €5,688
- Gross operating margin +€98,376
up €98,376 (+674.4%), from €14,588 to €112,964
- Taxes +€12,134
up €12,134 (+5591.7%), from €217 to €12,351
- Other operating charges -€2,925
down €2,925 (-39.2%), from €7,455 to €4,530
- Financial income +€1,911
up €1,911 (+1355.3%), from €141 to €2,052
- Financial charges +€1,684
up €1,684 (+40.4%), from €4,171 to €5,855
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 | €108,376 | €166,438 | +€58,062 | +53.6% |
| Fixed assets | 21/28 | €52,533 | €79,331 | +€26,798 | +51.0% |
| Tangible fixed assets | 22/27 | €52,288 | €79,176 | +€26,888 | +51.4% |
| Land and buildings | 22 | €9,900 | €6,600 | -€3,300 | -33.3% |
| Plant, machinery and equipment | 23 | €766 | €30,657 | +€29,891 | +3902.2% |
| Furniture and vehicles | 24 | €1,132 | €6,473 | +€5,341 | +471.8% |
| Other tangible fixed assets | 26 | €40,490 | €35,446 | -€5,044 | -12.5% |
| Financial fixed assets | 28 | €245 | €155 | -€90 | -36.7% |
| Current assets | 29/58 | €55,843 | €87,107 | +€31,264 | +56.0% |
| Amounts receivable within one year | 40/41 | €37,898 | €43,099 | +€5,201 | +13.7% |
| Trade receivables | 40 | €37,109 | €40,414 | +€3,305 | +8.9% |
| Other amounts receivable | 41 | €789 | €2,685 | +€1,896 | +240.3% |
| Cash at bank and in hand | 54/58 | €16,369 | €40,548 | +€24,179 | +147.7% |
| Deferred charges and accrued income | 490/1 | €1,576 | €3,460 | +€1,884 | +119.5% |
| Total equity and liabilities | 10/49 | €108,376 | €166,438 | +€58,062 | +53.6% |
| Equity | 10/15 | -€37,813 | €43,531 | +€81,344 | |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Revaluation surpluses | 12 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,413 | -€130,069 | +€81,344 | +38.5% |
| Amounts payable | 17/49 | €146,189 | €122,907 | -€23,282 | -15.9% |
| Amounts payable after more than one year | 17 | €8,938 | €5,688 | -€3,250 | -36.4% |
| Financial debts | 170/4 | €8,938 | €5,688 | -€3,250 | -36.4% |
| Amounts payable within one year | 42/48 | €115,137 | €97,065 | -€18,072 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €3,250 | €3,250 | = | 0.0% |
| Trade debts | 44 | €21,038 | €30,366 | +€9,328 | +44.3% |
| Suppliers | 440/4 | €21,038 | €30,366 | +€9,328 | +44.3% |
| Taxes, remuneration and social security | 45 | €444 | €12,898 | +€12,454 | +2805.0% |
| Taxes | 450/3 | €444 | €12,898 | +€12,454 | +2805.0% |
| Other amounts payable | 47/48 | €90,405 | €50,551 | -€39,854 | -44.1% |
| Accrued charges and deferred income | 492/3 | €22,114 | €20,154 | -€1,960 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,622 | €10,936 | +€1,314 | +13.7% |
| Other operating charges | 640/8 | €7,455 | €4,530 | -€2,925 | -39.2% |
| Gross operating margin | 9900 | €14,588 | €112,964 | +€98,376 | +674.4% |
| Operating profit (loss) | 9901 | -€2,489 | €97,498 | +€99,987 | |
| Financial income | 75/76B | €141 | €2,052 | +€1,911 | +1355.3% |
| Recurring financial income | 75 | €141 | €2,052 | +€1,911 | +1355.3% |
| Financial charges | 65/66B | €4,171 | €5,855 | +€1,684 | +40.4% |
| Recurring financial charges | 65 | €4,171 | €5,855 | +€1,684 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,519 | €93,695 | +€100,214 | |
| Income taxes | 67/77 | €217 | €12,351 | +€12,134 | +5591.7% |
| Profit (loss) for the period | 9904 | -€6,736 | €81,344 | +€88,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,736 | €81,344 | +€88,080 |
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 11 October 2026 via checked.be.