GO FOOD: what changed
GO FOOD
Largest movements
- Tangible fixed assets +€58,287
up €58,287 (+201%), from €28,929 to €87,216
of which Plant, machinery and equipment: +€35,376
- Stocks and contracts +€21,084
up €21,084 (+6.9%), from €307,628 to €328,712
- Receivables within one year +€15,442
up €15,442 (+25.0%), from €61,727 to €77,169
of which Trade receivables: +€17,091
- Cash -€6,337
down €6,337 (-6.1%), from €103,688 to €97,351
mainly Investment in fixed assets (net) (-€82,931) and Trade debts (-€21,672)
- Reserves +€42,666
up €42,666 (+402%), from €10,609 to €53,276
- Debts after one year +€40,067
new in 2025: €40,067
- Current portion of long-term debt +€26,097
new in 2025: €26,097
- Trade debts -€21,672
down €21,672 (-5.5%), from €391,620 to €369,949
- Short-term financial debts +€6,350
new in 2025: €6,350
- Staff costs +€101,433
up €101,433 (+47.5%), from €213,339 to €314,772
- Gross operating margin +€33,752
up €33,752 (+8.8%), from €383,419 to €417,170
- Depreciation -€26,380
down €26,380 (-51.7%), from €51,024 to €24,644
- Taxes -€13,977
down €13,977 (-33.4%), from €41,785 to €27,809
- Financial income -€5,386
down €5,386 (-63.7%), from €8,457 to €3,070
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 | €505,973 | €594,583 | +€88,609 | +17.5% |
| Fixed assets | 21/28 | €32,930 | €91,217 | +€58,287 | +177% |
| Tangible fixed assets | 22/27 | €28,929 | €87,216 | +€58,287 | +201% |
| Plant, machinery and equipment | 23 | €28,752 | €64,128 | +€35,376 | +123% |
| Furniture and vehicles | 24 | - | €23,088 | +€23,088 | |
| Other tangible fixed assets | 26 | €177 | - | -€177 | |
| Financial fixed assets | 28 | €4,001 | €4,001 | = | 0.0% |
| Current assets | 29/58 | €473,043 | €503,366 | +€30,323 | +6.4% |
| Stocks and contracts in progress | 3 | €307,628 | €328,712 | +€21,084 | +6.9% |
| Stocks | 30/36 | €307,628 | €328,712 | +€21,084 | +6.9% |
| Amounts receivable within one year | 40/41 | €61,727 | €77,169 | +€15,442 | +25.0% |
| Trade receivables | 40 | €43,340 | €60,431 | +€17,091 | +39.4% |
| Other amounts receivable | 41 | €18,387 | €16,738 | -€1,649 | -9.0% |
| Cash at bank and in hand | 54/58 | €103,688 | €97,351 | -€6,337 | -6.1% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €505,973 | €594,583 | +€88,609 | +17.5% |
| Equity | 10/15 | €10,709 | €53,376 | +€42,666 | +398% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10,609 | €53,276 | +€42,666 | +402% |
| Distributable reserves | 133 | €10,609 | €53,276 | +€42,666 | +402% |
| Amounts payable | 17/49 | €495,264 | €541,207 | +€45,943 | +9.3% |
| Amounts payable after more than one year | 17 | - | €40,067 | +€40,067 | |
| Financial debts | 170/4 | - | €40,067 | +€40,067 | |
| Amounts payable within one year | 42/48 | €493,778 | €500,495 | +€6,717 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €26,097 | +€26,097 | |
| Financial debts | 43 | - | €6,350 | +€6,350 | |
| Other loans | 439 | - | €6,350 | +€6,350 | |
| Trade debts | 44 | €391,620 | €369,949 | -€21,672 | -5.5% |
| Suppliers | 440/4 | €391,620 | €369,949 | -€21,672 | -5.5% |
| Taxes, remuneration and social security | 45 | €101,623 | €96,822 | -€4,801 | -4.7% |
| Taxes | 450/3 | €45,998 | €34,155 | -€11,843 | -25.7% |
| Remuneration and social security | 454/9 | €55,625 | €62,667 | +€7,042 | +12.7% |
| Other amounts payable | 47/48 | €535 | €1,278 | +€743 | +139% |
| Accrued charges and deferred income | 492/3 | €1,486 | €644 | -€841 | -56.6% |
| Remuneration, social security and pensions | 62 | €213,339 | €314,772 | +€101,433 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,024 | €24,644 | -€26,380 | -51.7% |
| Other operating charges | 640/8 | €1,030 | €462 | -€568 | -55.2% |
| Gross operating margin | 9900 | €383,419 | €417,170 | +€33,752 | +8.8% |
| Operating profit (loss) | 9901 | €118,026 | €77,292 | -€40,734 | -34.5% |
| Financial income | 75/76B | €8,457 | €3,070 | -€5,386 | -63.7% |
| Recurring financial income | 75 | €8,457 | €3,070 | -€5,386 | -63.7% |
| Financial charges | 65/66B | €6,616 | €9,888 | +€3,272 | +49.4% |
| Recurring financial charges | 65 | €6,616 | €9,888 | +€3,272 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €119,867 | €70,475 | -€49,392 | -41.2% |
| Income taxes | 67/77 | €41,785 | €27,809 | -€13,977 | -33.4% |
| Profit (loss) for the period | 9904 | €78,081 | €42,666 | -€35,415 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,081 | €42,666 | -€35,415 | -45.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.