2GO: 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.
2GO
Largest movements
- Tangible fixed assets -€34,651
down €34,651 (-17.1%), from €202,276 to €167,625
of which Leasing and similar rights: -€21,849
- Cash -€12,457
down €12,457 (-87.4%), from €14,246 to €1,789
mainly Tax, wage and social debts (-€24,790) and Debts after one year (-€16,532)
- Receivables within one year -€9,356
down €9,356 (-7.8%), from €120,359 to €111,003
of which Trade receivables: -€7,909
- Tax, wage and social debts -€24,790
down €24,790 (-64.2%), from €38,605 to €13,814
of which Taxes: -€22,477
- Trade debts +€17,300
up €17,300 (+902.8%), from €1,916 to €19,216
- Debts after one year -€16,532
down €16,532 (-36.2%), from €45,726 to €29,194
- Reserves -€11,672
down €11,672 (-6.2%), from €186,926 to €175,254
of which Distributable reserves: -€11,672
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€89,335
down €89,335 (-58.8%), from €151,962 to €62,627
- Taxes -€23,618
down €23,618 (-98.6%), from €23,943 to €325
- Staff costs -€19,289
down €19,289 (-39.9%), from €48,382 to €29,093
- Depreciation -€9,857
down €9,857 (-44.3%), from €22,268 to €12,411
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 | €414,391 | €356,027 | -€58,364 | -14.1% |
| Fixed assets | 21/28 | €274,844 | €240,193 | -€34,651 | -12.6% |
| Intangible fixed assets | 21 | €70,869 | €70,869 | = | 0.0% |
| Tangible fixed assets | 22/27 | €202,276 | €167,625 | -€34,651 | -17.1% |
| Land and buildings | 22 | €114,712 | €114,712 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,046 | €299 | -€5,747 | -95.1% |
| Furniture and vehicles | 24 | €14,934 | €7,955 | -€6,979 | -46.7% |
| Leasing and similar rights | 25 | €66,471 | €44,622 | -€21,849 | -32.9% |
| Other tangible fixed assets | 26 | €113 | €38 | -€75 | -66.7% |
| Financial fixed assets | 28 | €1,698 | €1,698 | = | 0.0% |
| Current assets | 29/58 | €139,547 | €115,834 | -€23,713 | -17.0% |
| Amounts receivable after more than one year | 29 | €1,877 | €1,877 | = | 0.0% |
| Trade receivables | 290 | €1,877 | €1,877 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,359 | €111,003 | -€9,356 | -7.8% |
| Trade receivables | 40 | €59,904 | €51,995 | -€7,909 | -13.2% |
| Other amounts receivable | 41 | €60,455 | €59,008 | -€1,447 | -2.4% |
| Cash at bank and in hand | 54/58 | €14,246 | €1,789 | -€12,457 | -87.4% |
| Deferred charges and accrued income | 490/1 | €3,065 | €1,165 | -€1,900 | -62.0% |
| Total equity and liabilities | 10/49 | €414,391 | €356,027 | -€58,364 | -14.1% |
| Equity | 10/15 | €274,613 | €262,940 | -€11,672 | -4.3% |
| Contributions | 10/11 | €12,085 | €12,085 | = | 0.0% |
| Revaluation surpluses | 12 | €75,602 | €75,602 | = | 0.0% |
| Reserves | 13 | €186,926 | €175,254 | -€11,672 | -6.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €185,067 | €173,395 | -€11,672 | -6.3% |
| Provisions and deferred taxes | 16 | €12,289 | €12,289 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,289 | €12,289 | = | 0.0% |
| Pensions and similar obligations | 160 | €12,289 | - | -€12,289 | |
| Environmental obligations | 163 | - | €12,289 | +€12,289 | |
| Amounts payable | 17/49 | €127,489 | €80,797 | -€46,692 | -36.6% |
| Amounts payable after more than one year | 17 | €45,726 | €29,194 | -€16,532 | -36.2% |
| Financial debts | 170/4 | €45,726 | €29,194 | -€16,532 | -36.2% |
| Amounts payable within one year | 42/48 | €81,763 | €51,603 | -€30,160 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €21,242 | €16,532 | -€4,710 | -22.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €1,916 | €19,216 | +€17,300 | +902.8% |
| Suppliers | 440/4 | €1,916 | €19,216 | +€17,300 | +902.8% |
| Taxes, remuneration and social security | 45 | €38,605 | €13,814 | -€24,790 | -64.2% |
| Taxes | 450/3 | €28,767 | €6,290 | -€22,477 | -78.1% |
| Remuneration and social security | 454/9 | €9,838 | €7,524 | -€2,313 | -23.5% |
| Other amounts payable | 47/48 | €10,000 | €2,041 | -€7,959 | -79.6% |
| Non-recurring operating income | 76A | €1,470 | - | -€1,470 | |
| Remuneration, social security and pensions | 62 | €48,382 | €29,093 | -€19,289 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,268 | €12,411 | -€9,857 | -44.3% |
| Other operating charges | 640/8 | €3,881 | €4,574 | +€693 | +17.8% |
| Non-recurring operating charges | 66A | €856 | €23,795 | +€22,939 | +2680.6% |
| Gross operating margin | 9900 | €151,962 | €62,627 | -€89,335 | -58.8% |
| Operating profit (loss) | 9901 | €76,575 | -€7,246 | -€83,821 | |
| Financial income | 75/76B | €859 | €45 | -€814 | -94.7% |
| Recurring financial income | 75 | €859 | €45 | -€814 | -94.7% |
| Financial charges | 65/66B | €3,367 | €4,146 | +€779 | +23.1% |
| Recurring financial charges | 65 | €3,367 | €4,146 | +€779 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €74,067 | -€11,347 | -€85,414 | |
| Income taxes | 67/77 | €23,943 | €325 | -€23,618 | -98.6% |
| Profit (loss) for the period | 9904 | €50,124 | -€11,672 | -€61,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,124 | -€11,672 | -€61,796 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.