GO-Force: 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-Force
Largest movements
- Current investments +€244,815
new in 2025: €244,815
- Tangible fixed assets -€241,227
down €241,227 (-4.7%), from €5.1m to €4.9m
of which Land and buildings: -€348,592
- Receivables within one year -€92,774
down €92,774 (-52.4%), from €177,143 to €84,370
of which Trade receivables: -€121,169
- Debts after one year -€487,272
down €487,272 (-16.6%), from €2.9m to €2.4m
- Reserves +€276,666
up €276,666 (+13.4%), from €2.1m to €2.3m
of which Distributable reserves: +€276,666
- Other debts +€267,641
new in 2025: €267,641
- Tax, wage and social debts -€60,689
down €60,689 (-43.7%), from €138,889 to €78,201
- Gross operating margin +€425,186
up €425,186 (+45.0%), from €945,222 to €1.4m
- Depreciation +€155,670
up €155,670 (+53.2%), from €292,403 to €448,073
- Other operating charges +€74,225
up €74,225 (+75.0%), from €98,916 to €173,142
- Taxes +€39,329
up €39,329 (+27.3%), from €144,260 to €183,590
- Financial charges +€28,100
up €28,100 (+93.5%), from €30,057 to €58,157
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,592,426 | €5,542,834 | -€49,592 | -0.9% |
| Fixed assets | 21/28 | €5,130,170 | €4,888,942 | -€241,227 | -4.7% |
| Tangible fixed assets | 22/27 | €5,130,170 | €4,888,942 | -€241,227 | -4.7% |
| Land and buildings | 22 | €5,130,170 | €4,781,578 | -€348,592 | -6.8% |
| Furniture and vehicles | 24 | - | €103,115 | +€103,115 | |
| Assets under construction and advance payments | 27 | - | €4,250 | +€4,250 | |
| Current assets | 29/58 | €462,256 | €653,891 | +€191,635 | +41.5% |
| Amounts receivable within one year | 40/41 | €177,143 | €84,370 | -€92,774 | -52.4% |
| Trade receivables | 40 | €177,100 | €55,931 | -€121,169 | -68.4% |
| Other amounts receivable | 41 | €43 | €28,439 | +€28,395 | +65411.8% |
| Current investments | 50/53 | - | €244,815 | +€244,815 | |
| Cash at bank and in hand | 54/58 | €275,660 | €324,433 | +€48,773 | +17.7% |
| Deferred charges and accrued income | 490/1 | €9,453 | €273 | -€9,179 | -97.1% |
| Total equity and liabilities | 10/49 | €5,592,426 | €5,542,834 | -€49,592 | -0.9% |
| Equity | 10/15 | €2,139,477 | €2,416,144 | +€276,666 | +12.9% |
| Contributions | 10/11 | €80,773 | €80,773 | = | 0.0% |
| Capital | 10 | €80,773 | €80,773 | = | 0.0% |
| Issued capital | 100 | €80,773 | €80,773 | = | 0.0% |
| Reserves | 13 | €2,058,704 | €2,335,370 | +€276,666 | +13.4% |
| Non-distributable reserves | 130/1 | €8,077 | €8,077 | = | 0.0% |
| Legal reserve | 130 | €8,077 | €8,077 | = | 0.0% |
| Tax-exempt reserves | 132 | €249,630 | €249,630 | = | 0.0% |
| Distributable reserves | 133 | €1,800,997 | €2,077,664 | +€276,666 | +15.4% |
| Amounts payable | 17/49 | €3,452,948 | €3,126,690 | -€326,258 | -9.4% |
| Amounts payable after more than one year | 17 | €2,929,945 | €2,442,673 | -€487,272 | -16.6% |
| Financial debts | 170/4 | €2,929,945 | €2,442,673 | -€487,272 | -16.6% |
| Amounts payable within one year | 42/48 | €523,003 | €684,017 | +€161,014 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €321,484 | €325,550 | +€4,066 | +1.3% |
| Trade debts | 44 | €62,630 | €12,625 | -€50,005 | -79.8% |
| Suppliers | 440/4 | €62,630 | €12,625 | -€50,005 | -79.8% |
| Taxes, remuneration and social security | 45 | €138,889 | €78,201 | -€60,689 | -43.7% |
| Taxes | 450/3 | €138,889 | €78,201 | -€60,689 | -43.7% |
| Other amounts payable | 47/48 | - | €267,641 | +€267,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,403 | €448,073 | +€155,670 | +53.2% |
| Other operating charges | 640/8 | €98,916 | €173,142 | +€74,225 | +75.0% |
| Gross operating margin | 9900 | €945,222 | €1,370,407 | +€425,186 | +45.0% |
| Operating profit (loss) | 9901 | €553,903 | €749,193 | +€195,290 | +35.3% |
| Financial income | 75/76B | €914 | €19,220 | +€18,307 | +2003.3% |
| Recurring financial income | 75 | €914 | €19,220 | +€18,307 | +2003.3% |
| Financial charges | 65/66B | €30,057 | €58,157 | +€28,100 | +93.5% |
| Recurring financial charges | 65 | €30,057 | €58,157 | +€28,100 | +93.5% |
| Profit (loss) for the period before taxes | 9903 | €524,759 | €710,256 | +€185,497 | +35.3% |
| Income taxes | 67/77 | €144,260 | €183,590 | +€39,329 | +27.3% |
| Profit (loss) for the period | 9904 | €380,499 | €526,666 | +€146,167 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €380,499 | €526,666 | +€146,167 | +38.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.