GLOBAL SOLUTION CONSTRUCT: what changed
What changed
GLOBAL SOLUTION CONSTRUCT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€11,250
2024 · €15,402-€4,152
Equity
€106,187
2024 · €94,937+€11,250
Cash
€20,882
2024 · €77,648-€56,766
Balance sheet total
€146,891
2024 · €139,562+€7,329
Largest movements
Assets
- Receivables within one year +€67,694
up €67,694 (+420%), from €16,107 to €83,801
of which Trade receivables: +€67,227
- Cash -€56,766
down €56,766 (-73.1%), from €77,648 to €20,882
mainly Receivables within one year (-€67,694) and Debts after one year (-€2,835)
- Tangible fixed assets -€4,070
down €4,070 (-9.4%), from €43,476 to €39,406
of which Furniture and vehicles: -€2,776
Equity and liabilities
- Profit (loss) carried forward +€11,250
up €11,250 (+15.1%), from €74,477 to €85,727
- Debts after one year -€2,835
down €2,835 (-10.9%), from €26,021 to €23,186
Income statement
- Write-downs +€18,209
new in 2025: €18,209
- Gross operating margin +€12,712
up €12,712 (+43.3%), from €29,369 to €42,081
- Staff costs -€2,854
down €2,854 (-93.0%), from €3,068 to €213
- Depreciation +€1,568
up €1,568 (+62.6%), from €2,503 to €4,070
- Taxes -€1,226
down €1,226 (-24.1%), from €5,090 to €3,865
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
€15,402
Gross operating margin
+€12,712
Staff costs
+€2,854
Depreciation
-€1,568
Write-downs
-€18,209
Other operating charges
+€1,158
Other operating items
-€2,530
Financial income
+€84
Financial charges
+€121
Taxes
+€1,226
Result 2025
€11,250
raises the resultlowers the resultnot broken down further in the accounts
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
-€54,037
Investment
+€50
Financing
-€2,778
Cash 2024
€77,648
From operations (derived)
-€54,037
Net result for the year
+€11,250
Depreciation
+€4,070
Receivables within one year
-€67,694
Deferred charges and accrued income
-€521
Trade debts
-€227
Tax, wage and social debts
-€1,074
Smaller working-capital items
+€158
Investment (derived)
+€50
Investment in fixed assets (net)
+€50
Financing
-€2,778
Debts after one year
-€2,835
Current portion of long-term debt
+€57
Cash 2025
€20,882
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,562 | €146,891 | +€7,329 | +5.3% |
| Fixed assets | 21/28 | €45,807 | €41,687 | -€4,120 | -9.0% |
| Tangible fixed assets | 22/27 | €43,476 | €39,406 | -€4,070 | -9.4% |
| Land and buildings | 22 | €36,356 | €35,062 | -€1,295 | -3.6% |
| Furniture and vehicles | 24 | €7,120 | €4,344 | -€2,776 | -39.0% |
| Financial fixed assets | 28 | €2,331 | €2,281 | -€50 | -2.1% |
| Current assets | 29/58 | €93,755 | €105,204 | +€11,449 | +12.2% |
| Amounts receivable within one year | 40/41 | €16,107 | €83,801 | +€67,694 | +420% |
| Trade receivables | 40 | €16,107 | €83,334 | +€67,227 | +417% |
| Other amounts receivable | 41 | - | €467 | +€467 | |
| Cash at bank and in hand | 54/58 | €77,648 | €20,882 | -€56,766 | -73.1% |
| Deferred charges and accrued income | 490/1 | - | €521 | +€521 | |
| Total equity and liabilities | 10/49 | €139,562 | €146,891 | +€7,329 | +5.3% |
| Equity | 10/15 | €94,937 | €106,187 | +€11,250 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,477 | €85,727 | +€11,250 | +15.1% |
| Amounts payable | 17/49 | €44,625 | €40,704 | -€3,921 | -8.8% |
| Amounts payable after more than one year | 17 | €26,021 | €23,186 | -€2,835 | -10.9% |
| Financial debts | 170/4 | €26,021 | €23,186 | -€2,835 | -10.9% |
| Amounts payable within one year | 42/48 | €18,604 | €17,518 | -€1,086 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €2,778 | €2,835 | +€57 | +2.0% |
| Trade debts | 44 | €9,567 | €9,340 | -€227 | -2.4% |
| Suppliers | 440/4 | €9,567 | €9,340 | -€227 | -2.4% |
| Advances received on contracts in progress | 46 | - | €160 | +€160 | |
| Taxes, remuneration and social security | 45 | €6,257 | €5,183 | -€1,074 | -17.2% |
| Taxes | 450/3 | €6,257 | €5,183 | -€1,074 | -17.2% |
| Other amounts payable | 47/48 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €3,068 | €213 | -€2,854 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,503 | €4,070 | +€1,568 | +62.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,209 | +€18,209 | |
| Other operating charges | 640/8 | €2,405 | €1,247 | -€1,158 | -48.1% |
| Non-recurring operating charges | 66A | - | €2,530 | +€2,530 | |
| Gross operating margin | 9900 | €29,369 | €42,081 | +€12,712 | +43.3% |
| Operating profit (loss) | 9901 | €21,394 | €15,812 | -€5,582 | -26.1% |
| Financial income | 75/76B | €10 | €94 | +€84 | +824% |
| Recurring financial income | 75 | €10 | €94 | +€84 | +824% |
| Financial charges | 65/66B | €912 | €792 | -€121 | -13.2% |
| Recurring financial charges | 65 | €912 | €792 | -€121 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €20,492 | €15,115 | -€5,377 | -26.2% |
| Income taxes | 67/77 | €5,090 | €3,865 | -€1,226 | -24.1% |
| Profit (loss) for the period | 9904 | €15,402 | €11,250 | -€4,152 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,402 | €11,250 | -€4,152 | -27.0% |
Next steps
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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 3 November 2026 via checked.be.