Custom Golf: 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.
Custom Golf
Largest movements
- Cash +€2,085
up €2,085 (+253.7%), from €822 to €2,907
mainly Depreciation (+€4,082) and Net result for the year (+€3,674)
- Tangible fixed assets -€1,285
down €1,285 (-13.4%), from €9,605 to €8,320
of which Furniture and vehicles: -€2,083
- Receivables within one year -€1,150
down €1,150 (-8.8%), from €13,077 to €11,927
- Stocks and contracts -€1,012
down €1,012 (-4.2%), from €24,099 to €23,087
- Profit (loss) carried forward +€3,674
up €3,674 (+16.1%), from €22,787 to €26,461
- Current portion of long-term debt -€1,900
no longer reported in 2025 (was €1,900)
- Trade debts -€1,471
down €1,471 (-26.0%), from €5,663 to €4,192
- Other debts -€1,051
down €1,051 (-39.2%), from €2,683 to €1,632
- Tax, wage and social debts -€615
down €615 (-17.8%), from €3,465 to €2,850
- Gross operating margin +€4,966
up €4,966 (+74.8%), from €6,640 to €11,607
- Taxes +€2,052
up €2,052 (+2085.5%), from €98 to €2,151
- Staff costs +€722
up €722 (+1875.6%), from €39 to €761
- Other operating charges -€683
down €683 (-93.2%), from €733 to €50
- Depreciation +€674
up €674 (+19.8%), from €3,407 to €4,082
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 | €47,604 | €46,241 | -€1,363 | -2.9% |
| Fixed assets | 21/28 | €9,605 | €8,320 | -€1,285 | -13.4% |
| Tangible fixed assets | 22/27 | €9,605 | €8,320 | -€1,285 | -13.4% |
| Plant, machinery and equipment | 23 | - | €1,312 | +€1,312 | |
| Furniture and vehicles | 24 | €7,503 | €5,420 | -€2,083 | -27.8% |
| Other tangible fixed assets | 26 | €2,102 | €1,587 | -€515 | -24.5% |
| Current assets | 29/58 | €37,999 | €37,921 | -€77 | -0.2% |
| Stocks and contracts in progress | 3 | €24,099 | €23,087 | -€1,012 | -4.2% |
| Stocks | 30/36 | €24,099 | €23,087 | -€1,012 | -4.2% |
| Amounts receivable within one year | 40/41 | €13,077 | €11,927 | -€1,150 | -8.8% |
| Trade receivables | 40 | €13,077 | €11,927 | -€1,150 | -8.8% |
| Cash at bank and in hand | 54/58 | €822 | €2,907 | +€2,085 | +253.7% |
| Total equity and liabilities | 10/49 | €47,604 | €46,241 | -€1,363 | -2.9% |
| Equity | 10/15 | €28,987 | €32,661 | +€3,674 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,787 | €26,461 | +€3,674 | +16.1% |
| Amounts payable | 17/49 | €18,617 | €13,580 | -€5,037 | -27.1% |
| Amounts payable within one year | 42/48 | €18,617 | €13,580 | -€5,037 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €1,900 | - | -€1,900 | |
| Trade debts | 44 | €5,663 | €4,192 | -€1,471 | -26.0% |
| Suppliers | 440/4 | €5,663 | €4,192 | -€1,471 | -26.0% |
| Advances received on contracts in progress | 46 | €4,906 | €4,906 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,465 | €2,850 | -€615 | -17.8% |
| Taxes | 450/3 | €3,465 | €2,850 | -€615 | -17.8% |
| Other amounts payable | 47/48 | €2,683 | €1,632 | -€1,051 | -39.2% |
| Remuneration, social security and pensions | 62 | €39 | €761 | +€722 | +1875.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,407 | €4,082 | +€674 | +19.8% |
| Other operating charges | 640/8 | €733 | €50 | -€683 | -93.2% |
| Gross operating margin | 9900 | €6,640 | €11,607 | +€4,966 | +74.8% |
| Operating profit (loss) | 9901 | €2,461 | €6,714 | +€4,253 | +172.8% |
| Financial income | 75/76B | €282 | €74 | -€208 | -73.7% |
| Recurring financial income | 75 | €282 | €74 | -€208 | -73.7% |
| Financial charges | 65/66B | €388 | €964 | +€576 | +148.6% |
| Recurring financial charges | 65 | €388 | €964 | +€576 | +148.6% |
| Profit (loss) for the period before taxes | 9903 | €2,356 | €5,825 | +€3,469 | +147.3% |
| Income taxes | 67/77 | €98 | €2,151 | +€2,052 | +2085.5% |
| Profit (loss) for the period | 9904 | €2,257 | €3,674 | +€1,417 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,257 | €3,674 | +€1,417 | +62.8% |
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 12 October 2026 via checked.be.