DE GOLS: 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.
DE GOLS
Largest movements
- Cash -€31,982
down €31,982 (-37.8%), from €84,576 to €52,594
mainly Short-term financial debts (-€34,664) and Deferred charges and accrued income (-€16,522)
- Tangible fixed assets -€16,941
down €16,941 (-16.7%), from €101,272 to €84,331
- Deferred charges and accrued income +€16,522
up €16,522 (+43.5%), from €37,960 to €54,482
- Receivables after one year -€16,290
down €16,290 (-100%), from €16,290 to €0
- Receivables within one year +€14,987
up €14,987 (+16.2%), from €92,708 to €107,695
- Short-term financial debts -€34,664
down €34,664 (-100%), from €34,664 to €0
- Current portion of long-term debt -€11,951
down €11,951 (-62.8%), from €19,031 to €7,080
- Trade debts +€9,069
up €9,069 (+117%), from €7,756 to €16,825
- Debts after one year -€7,080
down €7,080 (-26.6%), from €26,643 to €19,563
- Gross operating margin -€122,175
down €122,175 (-32.6%), from €374,519 to €252,344
- Taxes -€35,120
down €35,120 (-87.3%), from €40,208 to €5,088
- Staff costs +€18,663
up €18,663 (+9.1%), from €204,554 to €223,216
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 | €347,633 | €311,267 | -€36,366 | -10.5% |
| Fixed assets | 21/28 | €116,100 | €96,497 | -€19,603 | -16.9% |
| Intangible fixed assets | 21 | €14,189 | €11,528 | -€2,661 | -18.8% |
| Tangible fixed assets | 22/27 | €101,272 | €84,331 | -€16,941 | -16.7% |
| Land and buildings | 22 | €17,487 | €11,674 | -€5,812 | -33.2% |
| Plant, machinery and equipment | 23 | €8,254 | €6,437 | -€1,818 | -22.0% |
| Furniture and vehicles | 24 | €6,762 | €3,657 | -€3,104 | -45.9% |
| Other tangible fixed assets | 26 | €68,769 | €62,562 | -€6,207 | -9.0% |
| Financial fixed assets | 28 | €638 | €638 | = | 0.0% |
| Current assets | 29/58 | €231,534 | €214,770 | -€16,763 | -7.2% |
| Amounts receivable after more than one year | 29 | €16,290 | €0 | -€16,290 | -100% |
| Other amounts receivable | 291 | €16,290 | €0 | -€16,290 | -100% |
| Amounts receivable within one year | 40/41 | €92,708 | €107,695 | +€14,987 | +16.2% |
| Other amounts receivable | 41 | €92,708 | €107,695 | +€14,987 | +16.2% |
| Cash at bank and in hand | 54/58 | €84,576 | €52,594 | -€31,982 | -37.8% |
| Deferred charges and accrued income | 490/1 | €37,960 | €54,482 | +€16,522 | +43.5% |
| Total equity and liabilities | 10/49 | €347,633 | €311,267 | -€36,366 | -10.5% |
| Equity | 10/15 | €195,355 | €197,521 | +€2,166 | +1.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,355 | €191,521 | +€2,166 | +1.1% |
| Amounts payable | 17/49 | €152,278 | €113,747 | -€38,532 | -25.3% |
| Amounts payable after more than one year | 17 | €26,643 | €19,563 | -€7,080 | -26.6% |
| Financial debts | 170/4 | €26,643 | €19,563 | -€7,080 | -26.6% |
| Amounts payable within one year | 42/48 | €125,636 | €93,621 | -€32,014 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €19,031 | €7,080 | -€11,951 | -62.8% |
| Financial debts | 43 | €34,664 | €0 | -€34,664 | -100% |
| Credit institutions | 430/8 | €34,664 | €0 | -€34,664 | -100% |
| Trade debts | 44 | €7,756 | €16,825 | +€9,069 | +117% |
| Suppliers | 440/4 | €7,756 | €16,825 | +€9,069 | +117% |
| Taxes, remuneration and social security | 45 | €33,866 | €36,968 | +€3,102 | +9.2% |
| Taxes | 450/3 | €6,916 | €12,005 | +€5,088 | +73.6% |
| Remuneration and social security | 454/9 | €26,950 | €24,964 | -€1,986 | -7.4% |
| Other amounts payable | 47/48 | €30,319 | €32,748 | +€2,429 | +8.0% |
| Accrued charges and deferred income | 492/3 | €0 | €562 | +€562 | |
| Remuneration, social security and pensions | 62 | €204,554 | €223,216 | +€18,663 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,916 | €20,152 | -€764 | -3.7% |
| Other operating charges | 640/8 | €2,860 | €3,128 | +€268 | +9.4% |
| Gross operating margin | 9900 | €374,519 | €252,344 | -€122,175 | -32.6% |
| Operating profit (loss) | 9901 | €146,190 | €5,849 | -€140,341 | -96.0% |
| Financial income | 75/76B | €1,838 | €5,406 | +€3,568 | +194% |
| Recurring financial income | 75 | €1,838 | €5,406 | +€3,568 | +194% |
| Financial charges | 65/66B | €5,551 | €4,001 | -€1,550 | -27.9% |
| Recurring financial charges | 65 | €5,551 | €4,001 | -€1,550 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €142,478 | €7,254 | -€135,224 | -94.9% |
| Income taxes | 67/77 | €40,208 | €5,088 | -€35,120 | -87.3% |
| Profit (loss) for the period | 9904 | €102,270 | €2,166 | -€100,104 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,270 | €2,166 | -€100,104 | -97.9% |
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 17 October 2026 via checked.be.