Go 2 Grow: 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 2 Grow
Largest movements
- Tangible fixed assets +€23,408
up €23,408 (+254%), from €9,200 to €32,608
of which Furniture and vehicles: +€17,431
- Receivables within one year -€20,919
down €20,919 (-31.1%), from €67,230 to €46,311
of which Trade receivables: -€21,575
- Tax, wage and social debts -€17,463
down €17,463 (-51.6%), from €33,838 to €16,375
of which Taxes: -€17,151
- Other debts +€14,875
up €14,875 (+26.1%), from €57,017 to €71,892
- Reserves +€7,838
up €7,838 (+3.3%), from €239,843 to €247,681
of which Tax-exempt reserves: +€29,470
- Gross operating margin -€41,714
down €41,714 (-27.9%), from €149,579 to €107,865
- Taxes -€15,854
down €15,854 (-43.6%), from €36,344 to €20,489
- Depreciation +€8,067
up €8,067 (+130%), from €6,227 to €14,293
- Financial income -€4,967
down €4,967 (-16.6%), from €30,000 to €25,033
- Other operating charges -€3,958
down €3,958 (-72.7%), from €5,445 to €1,488
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 | €356,021 | €359,824 | +€3,803 | +1.1% |
| Fixed assets | 21/28 | €219,200 | €242,608 | +€23,408 | +10.7% |
| Tangible fixed assets | 22/27 | €9,200 | €32,608 | +€23,408 | +254% |
| Land and buildings | 22 | €1,646 | - | -€1,646 | |
| Plant, machinery and equipment | 23 | €2,234 | €9,856 | +€7,623 | +341% |
| Furniture and vehicles | 24 | €5,320 | €22,752 | +€17,431 | +328% |
| Financial fixed assets | 28 | €210,000 | €210,000 | = | 0.0% |
| Current assets | 29/58 | €136,821 | €117,216 | -€19,605 | -14.3% |
| Amounts receivable within one year | 40/41 | €67,230 | €46,311 | -€20,919 | -31.1% |
| Trade receivables | 40 | €66,830 | €45,255 | -€21,575 | -32.3% |
| Other amounts receivable | 41 | €400 | €1,055 | +€656 | +164% |
| Cash at bank and in hand | 54/58 | €66,184 | €67,645 | +€1,461 | +2.2% |
| Deferred charges and accrued income | 490/1 | €3,408 | €3,261 | -€147 | -4.3% |
| Total equity and liabilities | 10/49 | €356,021 | €359,824 | +€3,803 | +1.1% |
| Equity | 10/15 | €258,443 | €266,281 | +€7,838 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,843 | €247,681 | +€7,838 | +3.3% |
| Tax-exempt reserves | 132 | €21,050 | €50,520 | +€29,470 | +140% |
| Distributable reserves | 133 | €218,793 | €197,161 | -€21,632 | -9.9% |
| Amounts payable | 17/49 | €97,579 | €93,543 | -€4,036 | -4.1% |
| Amounts payable within one year | 42/48 | €97,578 | €93,462 | -€4,116 | -4.2% |
| Trade debts | 44 | €6,723 | €5,195 | -€1,528 | -22.7% |
| Suppliers | 440/4 | €6,723 | €5,195 | -€1,528 | -22.7% |
| Taxes, remuneration and social security | 45 | €33,838 | €16,375 | -€17,463 | -51.6% |
| Taxes | 450/3 | €28,127 | €10,976 | -€17,151 | -61.0% |
| Remuneration and social security | 454/9 | €5,711 | €5,399 | -€312 | -5.5% |
| Other amounts payable | 47/48 | €57,017 | €71,892 | +€14,875 | +26.1% |
| Accrued charges and deferred income | 492/3 | €1 | €81 | +€81 | +12,224% |
| Remuneration, social security and pensions | 62 | €30,300 | €29,241 | -€1,058 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,227 | €14,293 | +€8,067 | +130% |
| Other operating charges | 640/8 | €5,445 | €1,488 | -€3,958 | -72.7% |
| Non-recurring operating charges | 66A | €723 | - | -€723 | |
| Gross operating margin | 9900 | €149,579 | €107,865 | -€41,714 | -27.9% |
| Operating profit (loss) | 9901 | €106,885 | €62,844 | -€44,041 | -41.2% |
| Financial income | 75/76B | €30,000 | €25,033 | -€4,967 | -16.6% |
| Recurring financial income | 75 | €30,000 | €25,033 | -€4,967 | -16.6% |
| Financial charges | 65/66B | €1,360 | €423 | -€937 | -68.9% |
| Recurring financial charges | 65 | €1,360 | €423 | -€937 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €135,525 | €87,454 | -€48,071 | -35.5% |
| Income taxes | 67/77 | €36,344 | €20,489 | -€15,854 | -43.6% |
| Profit (loss) for the period | 9904 | €99,181 | €66,964 | -€32,217 | -32.5% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €29,470 | +€8,420 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,131 | €37,494 | -€40,637 | -52.0% |
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 27 October 2026 via checked.be.