GO-DESIGN: what changed
Two fiscal 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-DESIGN
Largest movements
- Tangible fixed assets +€26,775
up €26,775 (+5.4%), from €495,577 to €522,353
of which Land and buildings: +€29,539
- Cash +€20,818
up €20,818 (+14.1%), from €147,849 to €168,667
mainly Net result for the year (+€87,432) and Depreciation (+€36,436)
- Reserves +€87,432
up €87,432 (+31.3%), from €279,602 to €367,034
of which Distributable reserves: +€89,864
- Other debts -€51,015
down €51,015 (-96.6%), from €52,794 to €1,778
- Tax, wage and social debts +€25,805
up €25,805 (+196.1%), from €13,158 to €38,963
of which Taxes: +€21,240
- Debts after one year -€14,548
down €14,548 (-8.1%), from €179,600 to €165,051
- Gross operating margin +€46,441
up €46,441 (+24.2%), from €191,905 to €238,346
- Staff costs +€39,225
up €39,225 (+153.8%), from €25,503 to €64,728
- Taxes +€6,174
up €6,174 (+15.4%), from €40,111 to €46,285
- Depreciation +€2,487
up €2,487 (+7.3%), from €33,949 to €36,436
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 | €678,029 | €723,680 | +€45,650 | +6.7% |
| Fixed assets | 21/28 | €495,577 | €522,353 | +€26,775 | +5.4% |
| Tangible fixed assets | 22/27 | €495,577 | €522,353 | +€26,775 | +5.4% |
| Land and buildings | 22 | €483,156 | €512,695 | +€29,539 | +6.1% |
| Plant, machinery and equipment | 23 | €2,808 | €2,280 | -€528 | -18.8% |
| Furniture and vehicles | 24 | €9,613 | €7,378 | -€2,235 | -23.2% |
| Current assets | 29/58 | €182,452 | €201,327 | +€18,875 | +10.3% |
| Stocks and contracts in progress | 3 | €5,589 | €9,172 | +€3,583 | +64.1% |
| Stocks | 30/36 | €5,589 | €9,172 | +€3,583 | +64.1% |
| Amounts receivable within one year | 40/41 | €23,879 | €17,210 | -€6,669 | -27.9% |
| Trade receivables | 40 | €813 | €14,599 | +€13,787 | +1696.2% |
| Other amounts receivable | 41 | €23,066 | €2,610 | -€20,456 | -88.7% |
| Cash at bank and in hand | 54/58 | €147,849 | €168,667 | +€20,818 | +14.1% |
| Deferred charges and accrued income | 490/1 | €5,135 | €6,279 | +€1,144 | +22.3% |
| Total equity and liabilities | 10/49 | €678,029 | €723,680 | +€45,650 | +6.7% |
| Equity | 10/15 | €379,602 | €467,034 | +€87,432 | +23.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €279,602 | €367,034 | +€87,432 | +31.3% |
| Non-distributable reserves | 130/1 | €4,754 | €9,957 | +€5,203 | +109.4% |
| Legal reserve | 130 | €4,754 | €9,957 | +€5,203 | +109.4% |
| Tax-exempt reserves | 132 | €132,967 | €125,333 | -€7,635 | -5.7% |
| Distributable reserves | 133 | €141,881 | €231,744 | +€89,864 | +63.3% |
| Provisions and deferred taxes | 16 | €38,517 | €36,305 | -€2,212 | -5.7% |
| Deferred taxes | 168 | €38,517 | €36,305 | -€2,212 | -5.7% |
| Amounts payable | 17/49 | €259,910 | €220,341 | -€39,570 | -15.2% |
| Amounts payable after more than one year | 17 | €179,600 | €165,051 | -€14,548 | -8.1% |
| Financial debts | 170/4 | €179,600 | €165,051 | -€14,548 | -8.1% |
| Amounts payable within one year | 42/48 | €80,311 | €55,289 | -€25,021 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €14,335 | €14,548 | +€214 | +1.5% |
| Trade debts | 44 | €24 | €0 | -€24 | -100.0% |
| Suppliers | 440/4 | €24 | €0 | -€24 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,158 | €38,963 | +€25,805 | +196.1% |
| Taxes | 450/3 | €10,045 | €31,285 | +€21,240 | +211.5% |
| Remuneration and social security | 454/9 | €3,114 | €7,678 | +€4,564 | +146.6% |
| Other amounts payable | 47/48 | €52,794 | €1,778 | -€51,015 | -96.6% |
| Remuneration, social security and pensions | 62 | €25,503 | €64,728 | +€39,225 | +153.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,949 | €36,436 | +€2,487 | +7.3% |
| Other operating charges | 640/8 | €3,120 | €2,858 | -€262 | -8.4% |
| Non-recurring operating charges | 66A | €18,487 | €0 | -€18,487 | -100.0% |
| Gross operating margin | 9900 | €191,905 | €238,346 | +€46,441 | +24.2% |
| Operating profit (loss) | 9901 | €110,846 | €134,324 | +€23,478 | +21.2% |
| Financial income | 75/76B | €0 | €159 | +€159 | +132383.3% |
| Recurring financial income | 75 | €0 | €159 | +€159 | +132383.3% |
| Financial charges | 65/66B | €3,168 | €2,978 | -€190 | -6.0% |
| Recurring financial charges | 65 | €3,168 | €2,978 | -€190 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €107,678 | €131,505 | +€23,827 | +22.1% |
| Transfer from deferred taxes | 780 | €2,212 | €2,212 | = | 0.0% |
| Income taxes | 67/77 | €40,111 | €46,285 | +€6,174 | +15.4% |
| Profit (loss) for the period | 9904 | €69,779 | €87,432 | +€17,653 | +25.3% |
| Transfer from tax-exempt reserves | 789 | €7,635 | €7,635 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,414 | €95,066 | +€17,653 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.