GLOBEX: what changed
What changed
GLOBEX
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€227,328
2024 · €175,822+€51,505
Equity
€573,631
2024 · €346,303+€227,328
Cash
€816,961
2024 · €578,404+€238,556
Balance sheet total
€1.0m
2024 · €789,357+€247,125
Largest movements
Assets
- Cash +€238,556
up €238,556 (+41.2%), from €578,404 to €816,961
mainly Net result for the year (+€227,328) and Tax, wage and social debts (+€53,038)
- Receivables within one year +€16,669
up €16,669 (+90.4%), from €18,440 to €35,109
of which Trade receivables: +€15,186
Equity and liabilities
- Profit (loss) carried forward +€227,328
up €227,328 (+69.8%), from €325,852 to €553,179
- Other debts -€55,025
down €55,025 (-13.6%), from €403,771 to €348,747
- Tax, wage and social debts +€53,038
up €53,038 (+589%), from €9,001 to €62,039
- Debts after one year +€41,300
new in 2025: €41,300
- Current portion of long-term debt -€30,000
no longer reported in 2025 (was €30,000)
Income statement
- Gross operating margin +€72,302
up €72,302 (+24.0%), from €301,498 to €373,799
- Taxes +€44,435
up €44,435 (+125%), from €35,682 to €80,117
- Write-downs -€17,507
down €17,507, from €14,651 to -€2,856
Change in the result, 2024 to 2025
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 2024
€175,822
Gross operating margin
+€72,302
Depreciation
+€2,237
Write-downs
+€17,507
Other operating charges
+€3,738
Financial income
+€15
Financial charges
+€142
Taxes
-€44,435
Result 2025
€227,328
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€251,822
Investment
-€24,566
Financing
+€11,300
Cash 2024
€578,404
From operations (derived)
+€251,822
Net result for the year
+€227,328
Depreciation
+€33,079
Receivables within one year
-€16,669
Deferred charges and accrued income
-€413
Trade debts
+€10,484
Tax, wage and social debts
+€53,038
Other debts
-€55,025
Investment (derived)
-€24,566
Investment in fixed assets (net)
-€24,566
Financing
+€11,300
Debts after one year
+€41,300
Current portion of long-term debt
-€30,000
Cash 2025
€816,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,357 | €1,036,482 | +€247,125 | +31.3% |
| Fixed assets | 21/28 | €187,085 | €178,572 | -€8,513 | -4.6% |
| Tangible fixed assets | 22/27 | €187,085 | €178,572 | -€8,513 | -4.6% |
| Land and buildings | 22 | €184,543 | €173,600 | -€10,943 | -5.9% |
| Plant, machinery and equipment | 23 | €2,310 | €1,114 | -€1,196 | -51.8% |
| Furniture and vehicles | 24 | €233 | €3,859 | +€3,626 | +1,559% |
| Current assets | 29/58 | €602,272 | €857,910 | +€255,638 | +42.4% |
| Amounts receivable within one year | 40/41 | €18,440 | €35,109 | +€16,669 | +90.4% |
| Trade receivables | 40 | €6,408 | €21,594 | +€15,186 | +237% |
| Other amounts receivable | 41 | €12,031 | €13,515 | +€1,484 | +12.3% |
| Cash at bank and in hand | 54/58 | €578,404 | €816,961 | +€238,556 | +41.2% |
| Deferred charges and accrued income | 490/1 | €5,428 | €5,840 | +€413 | +7.6% |
| Total equity and liabilities | 10/49 | €789,357 | €1,036,482 | +€247,125 | +31.3% |
| Equity | 10/15 | €346,303 | €573,631 | +€227,328 | +65.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,852 | €553,179 | +€227,328 | +69.8% |
| Amounts payable | 17/49 | €443,054 | €462,852 | +€19,798 | +4.5% |
| Amounts payable after more than one year | 17 | - | €41,300 | +€41,300 | |
| Other amounts payable | 178/9 | - | €41,300 | +€41,300 | |
| Amounts payable within one year | 42/48 | €443,054 | €421,552 | -€21,502 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €282 | €10,766 | +€10,484 | +3,720% |
| Suppliers | 440/4 | €282 | €10,766 | +€10,484 | +3,720% |
| Taxes, remuneration and social security | 45 | €9,001 | €62,039 | +€53,038 | +589% |
| Taxes | 450/3 | €9,001 | €62,039 | +€53,038 | +589% |
| Other amounts payable | 47/48 | €403,771 | €348,747 | -€55,025 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,316 | €33,079 | -€2,237 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,651 | -€2,856 | -€17,507 | |
| Other operating charges | 640/8 | €39,783 | €36,045 | -€3,738 | -9.4% |
| Gross operating margin | 9900 | €301,498 | €373,799 | +€72,302 | +24.0% |
| Operating profit (loss) | 9901 | €211,747 | €307,531 | +€95,783 | +45.2% |
| Financial income | 75/76B | €2 | €17 | +€15 | +873% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +873% |
| Financial charges | 65/66B | €245 | €103 | -€142 | -58.1% |
| Recurring financial charges | 65 | €245 | €103 | -€142 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €211,504 | €307,445 | +€95,941 | +45.4% |
| Income taxes | 67/77 | €35,682 | €80,117 | +€44,435 | +125% |
| Profit (loss) for the period | 9904 | €175,822 | €227,328 | +€51,505 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,822 | €227,328 | +€51,505 | +29.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.