GO FORWARD INTERNATIONAL: what changed
GO FORWARD INTERNATIONAL
Largest movements
- Receivables within one year -€122,248
down €122,248 (-75.9%), from €161,101 to €38,854
of which Trade receivables: -€116,942
- Cash +€61,612
up €61,612 (+133%), from €46,443 to €108,055
mainly Receivables within one year (+€122,248) and Depreciation (+€2,786)
- Tangible fixed assets +€3,691
up €3,691 (+238%), from €1,550 to €5,241
- Trade debts -€23,541
down €23,541 (-41.6%), from €56,595 to €33,055
- Tax, wage and social debts -€22,591
no longer reported in 2025 (was €22,591)
- Profit (loss) carried forward -€10,157
down €10,157, from €3,790 to -€6,368
- Gross operating margin -€100,648
down €100,648, from €96,528 to -€4,121
- Taxes -€29,036
down €29,036 (-99.7%), from €29,130 to €94
- Depreciation +€1,345
up €1,345 (+93.3%), from €1,441 to €2,786
- Other operating charges +€1,228
up €1,228 (+111%), from €1,108 to €2,336
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 | €209,094 | €152,149 | -€56,944 | -27.2% |
| Fixed assets | 21/28 | €1,550 | €5,241 | +€3,691 | +238% |
| Tangible fixed assets | 22/27 | €1,550 | €5,241 | +€3,691 | +238% |
| Plant, machinery and equipment | 23 | €1,550 | €5,241 | +€3,691 | +238% |
| Current assets | 29/58 | €207,544 | €146,909 | -€60,635 | -29.2% |
| Amounts receivable within one year | 40/41 | €161,101 | €38,854 | -€122,248 | -75.9% |
| Trade receivables | 40 | €149,753 | €32,811 | -€116,942 | -78.1% |
| Other amounts receivable | 41 | €11,348 | €6,043 | -€5,305 | -46.8% |
| Cash at bank and in hand | 54/58 | €46,443 | €108,055 | +€61,612 | +133% |
| Total equity and liabilities | 10/49 | €209,094 | €152,149 | -€56,944 | -27.2% |
| Equity | 10/15 | €124,252 | €114,095 | -€10,157 | -8.2% |
| Contributions | 10/11 | €7,800 | €7,800 | = | 0.0% |
| Reserves | 13 | €112,662 | €112,662 | = | 0.0% |
| Distributable reserves | 133 | €112,662 | €112,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,790 | -€6,368 | -€10,157 | |
| Amounts payable | 17/49 | €84,842 | €38,055 | -€46,787 | -55.1% |
| Amounts payable within one year | 42/48 | €84,186 | €38,055 | -€46,131 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €56,595 | €33,055 | -€23,541 | -41.6% |
| Suppliers | 440/4 | €56,595 | €33,055 | -€23,541 | -41.6% |
| Taxes, remuneration and social security | 45 | €22,591 | - | -€22,591 | |
| Taxes | 450/3 | €22,591 | - | -€22,591 | |
| Accrued charges and deferred income | 492/3 | €656 | - | -€656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €2,786 | +€1,345 | +93.3% |
| Other operating charges | 640/8 | €1,108 | €2,336 | +€1,228 | +111% |
| Gross operating margin | 9900 | €96,528 | -€4,121 | -€100,648 | |
| Operating profit (loss) | 9901 | €93,978 | -€9,243 | -€103,221 | |
| Financial income | 75/76B | €680 | - | -€680 | |
| Recurring financial income | 75 | €680 | - | -€680 | |
| Financial charges | 65/66B | €1,312 | €820 | -€492 | -37.5% |
| Recurring financial charges | 65 | €1,312 | €820 | -€492 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €93,345 | -€10,063 | -€103,408 | |
| Income taxes | 67/77 | €29,130 | €94 | -€29,036 | -99.7% |
| Profit (loss) for the period | 9904 | €64,215 | -€10,157 | -€74,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,215 | -€10,157 | -€74,372 |
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.