GO !: 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.
GO !
Largest movements
- Receivables within one year -€113,276
down €113,276 (-85.4%), from €132,593 to €19,317
of which Other amounts receivable: -€59,283
- Cash +€61,741
up €61,741 (+523%), from €11,811 to €73,552
mainly Receivables within one year (+€113,276) and Net result for the year (+€27,559)
- Tangible fixed assets -€18,897
down €18,897 (-28.6%), from €66,126 to €47,229
of which Furniture and vehicles: -€17,711
- Current investments +€12,327
up €12,327 (+28.6%), from €43,120 to €55,447
- Tax, wage and social debts -€85,600
down €85,600 (-91.6%), from €93,401 to €7,801
- Reserves +€18,393
up €18,393 (+14.3%), from €128,722 to €147,115
of which Distributable reserves: +€18,393
- Accrued charges and deferred income +€14,881
up €14,881 (+3,819%), from €390 to €15,271
- Other debts -€5,672
down €5,672 (-43.0%), from €13,199 to €7,527
- Gross operating margin +€21,502
up €21,502 (+53.7%), from €40,020 to €61,521
- Taxes +€6,966
up €6,966 (+97.6%), from €7,140 to €14,106
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 | €254,466 | €197,247 | -€57,219 | -22.5% |
| Fixed assets | 21/28 | €66,126 | €47,229 | -€18,897 | -28.6% |
| Tangible fixed assets | 22/27 | €66,126 | €47,229 | -€18,897 | -28.6% |
| Land and buildings | 22 | €273 | - | -€273 | |
| Plant, machinery and equipment | 23 | €913 | - | -€913 | |
| Furniture and vehicles | 24 | €64,941 | €47,229 | -€17,711 | -27.3% |
| Current assets | 29/58 | €188,340 | €150,018 | -€38,322 | -20.3% |
| Amounts receivable within one year | 40/41 | €132,593 | €19,317 | -€113,276 | -85.4% |
| Trade receivables | 40 | €72,277 | €18,284 | -€53,993 | -74.7% |
| Other amounts receivable | 41 | €60,317 | €1,034 | -€59,283 | -98.3% |
| Current investments | 50/53 | €43,120 | €55,447 | +€12,327 | +28.6% |
| Cash at bank and in hand | 54/58 | €11,811 | €73,552 | +€61,741 | +523% |
| Deferred charges and accrued income | 490/1 | €815 | €1,701 | +€886 | +109% |
| Total equity and liabilities | 10/49 | €254,466 | €197,247 | -€57,219 | -22.5% |
| Equity | 10/15 | €147,322 | €165,715 | +€18,393 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,722 | €147,115 | +€18,393 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,498 | €4,498 | = | 0.0% |
| Distributable reserves | 133 | €122,364 | €140,757 | +€18,393 | +15.0% |
| Amounts payable | 17/49 | €107,144 | €31,532 | -€75,612 | -70.6% |
| Amounts payable within one year | 42/48 | €106,754 | €16,261 | -€90,493 | -84.8% |
| Trade debts | 44 | €153 | €933 | +€779 | +508% |
| Suppliers | 440/4 | €153 | €933 | +€779 | +508% |
| Taxes, remuneration and social security | 45 | €93,401 | €7,801 | -€85,600 | -91.6% |
| Taxes | 450/3 | €93,401 | €7,801 | -€85,600 | -91.6% |
| Other amounts payable | 47/48 | €13,199 | €7,527 | -€5,672 | -43.0% |
| Accrued charges and deferred income | 492/3 | €390 | €15,271 | +€14,881 | +3,819% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,378 | €18,897 | -€481 | -2.5% |
| Other operating charges | 640/8 | €608 | €727 | +€119 | +19.5% |
| Gross operating margin | 9900 | €40,020 | €61,521 | +€21,502 | +53.7% |
| Operating profit (loss) | 9901 | €20,033 | €41,898 | +€21,864 | +109% |
| Financial income | 75/76B | €160 | €472 | +€311 | +194% |
| Recurring financial income | 75 | €160 | €472 | +€311 | +194% |
| Financial charges | 65/66B | €943 | €704 | -€239 | -25.3% |
| Recurring financial charges | 65 | €943 | €704 | -€239 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €19,251 | €41,665 | +€22,414 | +116% |
| Income taxes | 67/77 | €7,140 | €14,106 | +€6,966 | +97.6% |
| Profit (loss) for the period | 9904 | €12,111 | €27,559 | +€15,448 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €12,111 | €27,559 | +€15,448 | +128% |
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.