GO Estate: what changed
GO Estate
Largest movements
- Stocks and contracts +€166,587
up €166,587 (+44.2%), from €376,852 to €543,438
- Financial fixed assets +€101,674
up €101,674 (+50,837%), from €200 to €101,874
- Receivables within one year +€72,072
up €72,072 (+26.0%), from €277,121 to €349,193
of which Other amounts receivable: +€62,565
- Cash -€47,836
down €47,836 (-37.1%), from €129,039 to €81,204
mainly Other debts (-€287,000) and Stocks and contracts (-€166,587)
- Current portion of long-term debt +€494,827
up €494,827 (+231%), from €214,000 to €708,827
- Other debts -€287,000
no longer reported in 2025 (was €287,000)
- Debts after one year +€200,000
up €200,000 (+80.0%), from €250,000 to €450,000
- Profit (loss) carried forward -€70,804
down €70,804 (-157%), from -€44,977 to -€115,781
- Trade debts -€43,339
down €43,339 (-75.9%), from €57,099 to €13,760
- Gross operating margin +€31,965
up €31,965, from -€13,704 to €18,261
- Financial charges +€10,744
up €10,744 (+13.3%), from €80,927 to €91,671
- Taxes -€2,587
down €2,587 (-95.8%), from €2,700 to €113
- Financial income +€922
up €922 (+29.6%), from €3,113 to €4,035
- Depreciation -€295
down €295 (-29.4%), from €1,005 to €710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €783,682 | €1,077,715 | +€294,033 | +37.5% |
| Fixed assets | 21/28 | €671 | €103,881 | +€103,210 | +15,383% |
| Tangible fixed assets | 22/27 | €471 | €2,007 | +€1,536 | +326% |
| Furniture and vehicles | 24 | €471 | €2,007 | +€1,536 | +326% |
| Financial fixed assets | 28 | €200 | €101,874 | +€101,674 | +50,837% |
| Current assets | 29/58 | €783,011 | €973,834 | +€190,823 | +24.4% |
| Stocks and contracts in progress | 3 | €376,852 | €543,438 | +€166,587 | +44.2% |
| Stocks | 30/36 | €376,852 | €543,438 | +€166,587 | +44.2% |
| Amounts receivable within one year | 40/41 | €277,121 | €349,193 | +€72,072 | +26.0% |
| Trade receivables | 40 | €204,229 | €213,737 | +€9,507 | +4.7% |
| Other amounts receivable | 41 | €72,891 | €135,456 | +€62,565 | +85.8% |
| Cash at bank and in hand | 54/58 | €129,039 | €81,204 | -€47,836 | -37.1% |
| Total equity and liabilities | 10/49 | €783,682 | €1,077,715 | +€294,033 | +37.5% |
| Equity | 10/15 | -€24,517 | -€95,321 | -€70,804 | -289% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,977 | -€115,781 | -€70,804 | -157% |
| Amounts payable | 17/49 | €808,199 | €1,173,036 | +€364,837 | +45.1% |
| Amounts payable after more than one year | 17 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Financial debts | 170/4 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Amounts payable within one year | 42/48 | €558,199 | €723,036 | +€164,837 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €214,000 | €708,827 | +€494,827 | +231% |
| Trade debts | 44 | €57,099 | €13,760 | -€43,339 | -75.9% |
| Suppliers | 440/4 | €57,099 | €13,760 | -€43,339 | -75.9% |
| Taxes, remuneration and social security | 45 | €100 | €450 | +€350 | +350% |
| Remuneration and social security | 454/9 | €100 | €450 | +€350 | +350% |
| Other amounts payable | 47/48 | €287,000 | - | -€287,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €710 | -€295 | -29.4% |
| Other operating charges | 640/8 | €631 | €605 | -€26 | -4.1% |
| Gross operating margin | 9900 | -€13,704 | €18,261 | +€31,965 | |
| Operating profit (loss) | 9901 | -€15,340 | €16,946 | +€32,286 | |
| Financial income | 75/76B | €3,113 | €4,035 | +€922 | +29.6% |
| Recurring financial income | 75 | €3,113 | €4,035 | +€922 | +29.6% |
| Financial charges | 65/66B | €80,927 | €91,671 | +€10,744 | +13.3% |
| Recurring financial charges | 65 | €80,927 | €91,671 | +€10,744 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€93,154 | -€70,691 | +€22,463 | +24.1% |
| Income taxes | 67/77 | €2,700 | €113 | -€2,587 | -95.8% |
| Profit (loss) for the period | 9904 | -€95,854 | -€70,804 | +€25,050 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,854 | -€70,804 | +€25,050 | +26.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.