GO-FIT: 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-FIT
Largest movements
- Tangible fixed assets -€48,579
down €48,579 (-3.0%), from €1.6m to €1.6m
of which Land and buildings: -€37,597
- Deferred charges and accrued income -€35,965
down €35,965 (-93.1%), from €38,640 to €2,675
- Cash +€31,526
up €31,526 (+50.4%), from €62,555 to €94,081
mainly Depreciation (+€105,923) and Deferred charges and accrued income (+€35,965)
- Debts after one year -€106,687
down €106,687 (-8.6%), from €1.2m to €1.1m
- Current portion of long-term debt +€35,331
up €35,331 (+49.5%), from €71,336 to €106,667
- Reserves +€21,189
up €21,189 (+232%), from €9,115 to €30,304
of which Distributable reserves: +€21,189
- Trade debts +€18,217
up €18,217 (+81.7%), from €22,303 to €40,520
- Purchases and services -€70,325
no longer reported in 2025 (was €70,325)
- Turnover -€28,894
no longer reported in 2025 (was €28,894)
- Gross operating margin -€17,862
down €17,862 (-9.6%), from €186,809 to €168,947
- Taxes +€8,492
up €8,492 (+1,159%), from €733 to €9,225
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 | €1,724,600 | €1,674,121 | -€50,479 | -2.9% |
| Fixed assets | 21/28 | €1,623,405 | €1,574,826 | -€48,579 | -3.0% |
| Tangible fixed assets | 22/27 | €1,623,405 | €1,574,826 | -€48,579 | -3.0% |
| Land and buildings | 22 | €1,562,391 | €1,524,794 | -€37,597 | -2.4% |
| Plant, machinery and equipment | 23 | €7,186 | €4,827 | -€2,359 | -32.8% |
| Furniture and vehicles | 24 | €53,828 | €45,205 | -€8,623 | -16.0% |
| Current assets | 29/58 | €101,195 | €99,294 | -€1,901 | -1.9% |
| Amounts receivable within one year | 40/41 | - | €2,538 | +€2,538 | |
| Other amounts receivable | 41 | - | €2,538 | +€2,538 | |
| Cash at bank and in hand | 54/58 | €62,555 | €94,081 | +€31,526 | +50.4% |
| Deferred charges and accrued income | 490/1 | €38,640 | €2,675 | -€35,965 | -93.1% |
| Total equity and liabilities | 10/49 | €1,724,600 | €1,674,121 | -€50,479 | -2.9% |
| Equity | 10/15 | €281,383 | €289,338 | +€7,955 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,115 | €30,304 | +€21,189 | +232% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €8,495 | €29,684 | +€21,189 | +249% |
| Investment grants | 15 | €253,668 | €240,433 | -€13,235 | -5.2% |
| Provisions and deferred taxes | 16 | €90,611 | €87,572 | -€3,039 | -3.4% |
| Deferred taxes | 168 | €90,611 | €87,572 | -€3,039 | -3.4% |
| Amounts payable | 17/49 | €1,352,606 | €1,297,211 | -€55,395 | -4.1% |
| Amounts payable after more than one year | 17 | €1,243,992 | €1,137,305 | -€106,687 | -8.6% |
| Financial debts | 170/4 | €1,243,992 | €1,137,305 | -€106,687 | -8.6% |
| Amounts payable within one year | 42/48 | €108,614 | €154,004 | +€45,390 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €71,336 | €106,667 | +€35,331 | +49.5% |
| Trade debts | 44 | €22,303 | €40,520 | +€18,217 | +81.7% |
| Suppliers | 440/4 | €22,303 | €40,520 | +€18,217 | +81.7% |
| Taxes, remuneration and social security | 45 | €9,610 | €5,245 | -€4,365 | -45.4% |
| Taxes | 450/3 | €9,610 | €5,245 | -€4,365 | -45.4% |
| Other amounts payable | 47/48 | €5,365 | €1,573 | -€3,792 | -70.7% |
| Accrued charges and deferred income | 492/3 | - | €5,901 | +€5,901 | |
| Turnover | 70 | €28,894 | - | -€28,894 | |
| Non-recurring operating income | 76A | - | €425 | +€425 | |
| Goods, raw materials, services and sundry goods | 60/61 | €70,325 | - | -€70,325 | |
| Remuneration, social security and pensions | 62 | - | €677 | +€677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,300 | €105,923 | +€1,623 | +1.6% |
| Other operating charges | 640/8 | €18,175 | €17,858 | -€317 | -1.7% |
| Gross operating margin | 9900 | €186,809 | €168,947 | -€17,862 | -9.6% |
| Operating profit (loss) | 9901 | €64,334 | €44,489 | -€19,845 | -30.8% |
| Financial income | 75/76B | €16,294 | €16,744 | +€450 | +2.8% |
| Recurring financial income | 75 | €16,294 | €16,744 | +€450 | +2.8% |
| Financial charges | 65/66B | €32,461 | €30,819 | -€1,642 | -5.1% |
| Recurring financial charges | 65 | €32,461 | €30,819 | -€1,642 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €48,167 | €30,414 | -€17,753 | -36.9% |
| Income taxes | 67/77 | €733 | €9,225 | +€8,492 | +1,159% |
| Profit (loss) for the period | 9904 | €47,434 | €21,189 | -€26,245 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,434 | €21,189 | -€26,245 | -55.3% |
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 14 October 2026 via checked.be.