12GO: 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.
12GO
Largest movements
- Receivables within one year -€74,970
down €74,970 (-75.7%), from €99,017 to €24,047
of which Trade receivables: -€40,961
- Intangible fixed assets -€7,501
down €7,501 (-100%), from €7,501 to €0
- Tangible fixed assets -€1,655
down €1,655 (-31.7%), from €5,217 to €3,562
of which Furniture and vehicles: -€3,115
- Trade debts -€35,847
down €35,847 (-69.4%), from €51,690 to €15,843
- Profit (loss) carried forward -€28,842
down €28,842 (-16.5%), from -€175,109 to -€203,951
- Tax, wage and social debts +€20,936
up €20,936 (+151%), from €13,900 to €34,836
of which Taxes: +€17,407
- Other debts -€18,910
down €18,910 (-29.7%), from €63,611 to €44,701
- Debts after one year -€11,140
down €11,140 (-17.6%), from €63,447 to €52,307
- Depreciation -€18,011
down €18,011 (-66.0%), from €27,288 to €9,277
- Gross operating margin +€5,480
up €5,480 (+32.1%), from -€17,092 to -€11,612
- Other operating charges +€2,729
up €2,729 (+164%), from €1,664 to €4,393
- Financial income -€477
down €477 (-86.4%), from €552 to €75
- Taxes +€244
new in 2025: €244
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.
Derived cash bridge
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 | €119,983 | €36,307 | -€83,677 | -69.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,718 | €3,562 | -€9,156 | -72.0% |
| Intangible fixed assets | 21 | €7,501 | €0 | -€7,501 | -100% |
| Tangible fixed assets | 22/27 | €5,217 | €3,562 | -€1,655 | -31.7% |
| Plant, machinery and equipment | 23 | €397 | €1,857 | +€1,460 | +367% |
| Furniture and vehicles | 24 | €4,819 | €1,704 | -€3,115 | -64.6% |
| Current assets | 29/58 | €107,266 | €32,745 | -€74,521 | -69.5% |
| Amounts receivable within one year | 40/41 | €99,017 | €24,047 | -€74,970 | -75.7% |
| Trade receivables | 40 | €65,009 | €24,047 | -€40,961 | -63.0% |
| Other amounts receivable | 41 | €34,008 | - | -€34,008 | |
| Cash at bank and in hand | 54/58 | €3,389 | €4,395 | +€1,006 | +29.7% |
| Deferred charges and accrued income | 490/1 | €4,860 | €4,303 | -€557 | -11.5% |
| Total equity and liabilities | 10/49 | €119,983 | €36,307 | -€83,677 | -69.7% |
| Equity | 10/15 | -€93,677 | -€122,519 | -€28,842 | -30.8% |
| Contributions | 10/11 | €81,432 | €81,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,109 | -€203,951 | -€28,842 | -16.5% |
| Amounts payable | 17/49 | €213,660 | €158,826 | -€54,835 | -25.7% |
| Amounts payable after more than one year | 17 | €63,447 | €52,307 | -€11,140 | -17.6% |
| Financial debts | 170/4 | €63,447 | €52,307 | -€11,140 | -17.6% |
| Amounts payable within one year | 42/48 | €150,214 | €106,519 | -€43,695 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €21,013 | €11,139 | -€9,874 | -47.0% |
| Trade debts | 44 | €51,690 | €15,843 | -€35,847 | -69.4% |
| Suppliers | 440/4 | €51,690 | €15,843 | -€35,847 | -69.4% |
| Taxes, remuneration and social security | 45 | €13,900 | €34,836 | +€20,936 | +151% |
| Taxes | 450/3 | €13,900 | €31,307 | +€17,407 | +125% |
| Remuneration and social security | 454/9 | - | €3,528 | +€3,528 | |
| Other amounts payable | 47/48 | €63,611 | €44,701 | -€18,910 | -29.7% |
| Non-recurring operating income | 76A | - | €1,870 | +€1,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,288 | €9,277 | -€18,011 | -66.0% |
| Other operating charges | 640/8 | €1,664 | €4,393 | +€2,729 | +164% |
| Non-recurring operating charges | 66A | €11,418 | - | -€11,418 | |
| Gross operating margin | 9900 | -€17,092 | -€11,612 | +€5,480 | +32.1% |
| Operating profit (loss) | 9901 | -€57,462 | -€25,282 | +€32,180 | +56.0% |
| Financial income | 75/76B | €552 | €75 | -€477 | -86.4% |
| Recurring financial income | 75 | €552 | €75 | -€477 | -86.4% |
| Financial charges | 65/66B | €3,149 | €3,391 | +€242 | +7.7% |
| Recurring financial charges | 65 | €3,149 | €3,391 | +€242 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,058 | -€28,598 | +€31,460 | +52.4% |
| Income taxes | 67/77 | - | €244 | +€244 | |
| Profit (loss) for the period | 9904 | -€60,058 | -€28,842 | +€31,216 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,058 | -€28,842 | +€31,216 | +52.0% |
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 14 October 2026 via checked.be.