Dr. Golmarvi: 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.
Dr. Golmarvi
Largest movements
- Receivables within one year -€51,056
down €51,056 (-37.6%), from €135,745 to €84,689
of which Other amounts receivable: -€58,283
- Cash +€45,712
up €45,712 (+179%), from €25,534 to €71,247
mainly Other debts (+€101,929) and Net result for the year (+€82,517)
- Tangible fixed assets -€45,244
down €45,244 (-6.9%), from €651,997 to €606,753
of which Land and buildings: -€30,633
- Other debts +€101,929
up €101,929 (+207%), from €49,306 to €151,235
- Reserves -€77,564
down €77,564 (-24.7%), from €314,558 to €236,994
- Debts after one year -€40,660
down €40,660 (-8.6%), from €470,801 to €430,140
- Trade debts -€20,732
down €20,732 (-74.8%), from €27,715 to €6,983
- Depreciation -€13,769
down €13,769 (-23.3%), from €59,013 to €45,244
- Taxes +€10,693
up €10,693 (+44.1%), from €24,221 to €34,915
- Other operating charges -€7,824
down €7,824 (-50.9%), from €15,384 to €7,560
- Gross operating margin +€7,124
up €7,124 (+4.0%), from €176,212 to €183,336
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 | €949,176 | €907,207 | -€41,970 | -4.4% |
| Fixed assets | 21/28 | €651,997 | €606,753 | -€45,244 | -6.9% |
| Tangible fixed assets | 22/27 | €651,997 | €606,753 | -€45,244 | -6.9% |
| Land and buildings | 22 | €611,888 | €581,254 | -€30,633 | -5.0% |
| Plant, machinery and equipment | 23 | €6,872 | €5,233 | -€1,640 | -23.9% |
| Furniture and vehicles | 24 | €33,237 | €20,266 | -€12,971 | -39.0% |
| Current assets | 29/58 | €297,179 | €300,453 | +€3,274 | +1.1% |
| Amounts receivable after more than one year | 29 | €135,900 | €135,900 | = | 0.0% |
| Other amounts receivable | 291 | €135,900 | €135,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,745 | €84,689 | -€51,056 | -37.6% |
| Trade receivables | 40 | - | €7,227 | +€7,227 | |
| Other amounts receivable | 41 | €135,745 | €77,461 | -€58,283 | -42.9% |
| Cash at bank and in hand | 54/58 | €25,534 | €71,247 | +€45,712 | +179% |
| Deferred charges and accrued income | 490/1 | - | €8,618 | +€8,618 | |
| Total equity and liabilities | 10/49 | €949,176 | €907,207 | -€41,970 | -4.4% |
| Equity | 10/15 | €327,718 | €250,155 | -€77,564 | -23.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €314,558 | €236,994 | -€77,564 | -24.7% |
| Distributable reserves | 133 | €314,558 | €236,994 | -€77,564 | -24.7% |
| Profit (loss) carried forward | 14 | €761 | €761 | = | 0.0% |
| Amounts payable | 17/49 | €621,458 | €657,052 | +€35,594 | +5.7% |
| Amounts payable after more than one year | 17 | €470,801 | €430,140 | -€40,660 | -8.6% |
| Financial debts | 170/4 | €470,801 | €430,140 | -€40,660 | -8.6% |
| Amounts payable within one year | 42/48 | €150,657 | €226,206 | +€75,549 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €39,813 | €40,660 | +€847 | +2.1% |
| Financial debts | 43 | €16,905 | €16,827 | -€78 | -0.5% |
| Credit institutions | 430/8 | €16,905 | €16,827 | -€78 | -0.5% |
| Trade debts | 44 | €27,715 | €6,983 | -€20,732 | -74.8% |
| Suppliers | 440/4 | €27,715 | €6,983 | -€20,732 | -74.8% |
| Taxes, remuneration and social security | 45 | €16,918 | €10,502 | -€6,416 | -37.9% |
| Taxes | 450/3 | €16,918 | €10,502 | -€6,416 | -37.9% |
| Other amounts payable | 47/48 | €49,306 | €151,235 | +€101,929 | +207% |
| Accrued charges and deferred income | 492/3 | - | €705 | +€705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,013 | €45,244 | -€13,769 | -23.3% |
| Other operating charges | 640/8 | €15,384 | €7,560 | -€7,824 | -50.9% |
| Gross operating margin | 9900 | €176,212 | €183,336 | +€7,124 | +4.0% |
| Operating profit (loss) | 9901 | €101,815 | €130,532 | +€28,717 | +28.2% |
| Financial income | 75/76B | €4,153 | €4,015 | -€138 | -3.3% |
| Recurring financial income | 75 | €4,153 | €4,015 | -€138 | -3.3% |
| Financial charges | 65/66B | €18,416 | €17,115 | -€1,301 | -7.1% |
| Recurring financial charges | 65 | €18,416 | €17,115 | -€1,301 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €87,552 | €117,432 | +€29,880 | +34.1% |
| Income taxes | 67/77 | €24,221 | €34,915 | +€10,693 | +44.1% |
| Profit (loss) for the period | 9904 | €63,331 | €82,517 | +€19,186 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,331 | €82,517 | +€19,186 | +30.3% |
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 22 October 2026 via checked.be.