Go For Growth: what changed
Go For Growth
Largest movements
- Receivables within one year +€63,862
up €63,862 (+145%), from €44,093 to €107,955
of which Other amounts receivable: +€43,595
- Tangible fixed assets -€9,685
down €9,685 (-14.2%), from €68,102 to €58,416
of which Land and buildings: -€7,467
- Reserves +€46,903
up €46,903 (+126%), from €37,110 to €84,013
- Short-term financial debts +€8,809
up €8,809 (+27.7%), from €31,856 to €40,665
- Debts after one year -€8,620
no longer reported in 2025 (was €8,620)
- Trade debts +€6,146
up €6,146 (+188%), from €3,274 to €9,420
- Tax, wage and social debts +€3,307
up €3,307 (+98.0%), from €3,374 to €6,682
- Gross operating margin +€24,302
up €24,302 (+40.8%), from €59,613 to €83,915
- Financial charges -€15,751
down €15,751 (-54.7%), from €28,816 to €13,065
- Taxes +€8,717
up €8,717 (+163%), from €5,348 to €14,065
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,550 | €167,999 | +€54,450 | +48.0% |
| Fixed assets | 21/28 | €68,102 | €58,416 | -€9,685 | -14.2% |
| Tangible fixed assets | 22/27 | €68,102 | €58,416 | -€9,685 | -14.2% |
| Land and buildings | 22 | €53,396 | €45,928 | -€7,467 | -14.0% |
| Plant, machinery and equipment | 23 | €1,116 | €772 | -€344 | -30.8% |
| Furniture and vehicles | 24 | €4,560 | €3,420 | -€1,140 | -25.0% |
| Other tangible fixed assets | 26 | €9,031 | €8,296 | -€735 | -8.1% |
| Current assets | 29/58 | €45,448 | €109,583 | +€64,135 | +141% |
| Amounts receivable within one year | 40/41 | €44,093 | €107,955 | +€63,862 | +145% |
| Trade receivables | 40 | €9,983 | €30,250 | +€20,268 | +203% |
| Other amounts receivable | 41 | €34,111 | €77,705 | +€43,595 | +128% |
| Deferred charges and accrued income | 490/1 | €1,355 | €1,628 | +€273 | +20.1% |
| Total equity and liabilities | 10/49 | €113,550 | €167,999 | +€54,450 | +48.0% |
| Equity | 10/15 | €55,710 | €102,613 | +€46,903 | +84.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,110 | €84,013 | +€46,903 | +126% |
| Distributable reserves | 133 | €37,110 | €84,013 | +€46,903 | +126% |
| Amounts payable | 17/49 | €57,840 | €65,387 | +€7,546 | +13.0% |
| Amounts payable after more than one year | 17 | €8,620 | - | -€8,620 | |
| Financial debts | 170/4 | €8,620 | - | -€8,620 | |
| Amounts payable within one year | 42/48 | €48,852 | €65,387 | +€16,535 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €10,347 | €8,620 | -€1,727 | -16.7% |
| Financial debts | 43 | €31,856 | €40,665 | +€8,809 | +27.7% |
| Credit institutions | 430/8 | €31,856 | €40,665 | +€8,809 | +27.7% |
| Trade debts | 44 | €3,274 | €9,420 | +€6,146 | +188% |
| Suppliers | 440/4 | €3,274 | €9,420 | +€6,146 | +188% |
| Taxes, remuneration and social security | 45 | €3,374 | €6,682 | +€3,307 | +98.0% |
| Taxes | 450/3 | €3,374 | €6,682 | +€3,307 | +98.0% |
| Accrued charges and deferred income | 492/3 | €368 | - | -€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,085 | €11,185 | +€100 | +0.9% |
| Other operating charges | 640/8 | €1,937 | €1,962 | +€26 | +1.3% |
| Gross operating margin | 9900 | €59,613 | €83,915 | +€24,302 | +40.8% |
| Operating profit (loss) | 9901 | €46,591 | €70,768 | +€24,177 | +51.9% |
| Financial income | 75/76B | €3,152 | €3,265 | +€113 | +3.6% |
| Recurring financial income | 75 | €3,152 | €3,265 | +€113 | +3.6% |
| Financial charges | 65/66B | €28,816 | €13,065 | -€15,751 | -54.7% |
| Recurring financial charges | 65 | €28,816 | €13,065 | -€15,751 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €20,927 | €60,968 | +€40,040 | +191% |
| Income taxes | 67/77 | €5,348 | €14,065 | +€8,717 | +163% |
| Profit (loss) for the period | 9904 | €15,579 | €46,903 | +€31,324 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €15,579 | €46,903 | +€31,324 | +201% |
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 3 November 2026 via checked.be.