Go Grid Systems: 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 Grid Systems
Largest movements
- Receivables within one year +€3,119
up €3,119 (+5.1%), from €61,045 to €64,165
of which Other amounts receivable: +€28,753
- Cash +€2,134
up €2,134 (+1,430%), from €149 to €2,283
mainly Advances received (+€14,719) and Other debts (+€5,201)
- Stocks and contracts +€2,126
up €2,126 (+38.0%), from €5,601 to €7,727
- Advances received +€14,719
new in 2025: €14,719
- Trade debts -€12,125
down €12,125 (-18.9%), from €64,143 to €52,018
- Other debts +€5,201
new in 2025: €5,201
- Gross operating margin -€247
down €247 (-19.3%), from €1,284 to €1,037
- Taxes -€49
down €49 (-44.7%), from €110 to €61
- Other operating charges -€38
down €38 (-7.5%), from €499 to €462
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 | €68,775 | €76,694 | +€7,919 | +11.5% |
| Fixed assets | 21/28 | - | €540 | +€540 | |
| Financial fixed assets | 28 | - | €540 | +€540 | |
| Current assets | 29/58 | €68,775 | €76,154 | +€7,379 | +10.7% |
| Stocks and contracts in progress | 3 | €5,601 | €7,727 | +€2,126 | +38.0% |
| Stocks | 30/36 | €5,601 | €7,727 | +€2,126 | +38.0% |
| Amounts receivable within one year | 40/41 | €61,045 | €64,165 | +€3,119 | +5.1% |
| Trade receivables | 40 | €56,056 | €30,422 | -€25,634 | -45.7% |
| Other amounts receivable | 41 | €4,989 | €33,742 | +€28,753 | +576% |
| Cash at bank and in hand | 54/58 | €149 | €2,283 | +€2,134 | +1,430% |
| Deferred charges and accrued income | 490/1 | €1,980 | €1,980 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,775 | €76,694 | +€7,919 | +11.5% |
| Equity | 10/15 | €4,395 | €4,638 | +€243 | +5.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €395 | €638 | +€243 | +61.5% |
| Distributable reserves | 133 | €395 | €638 | +€243 | +61.5% |
| Amounts payable | 17/49 | €64,380 | €72,057 | +€7,676 | +11.9% |
| Amounts payable within one year | 42/48 | €64,380 | €72,057 | +€7,676 | +11.9% |
| Trade debts | 44 | €64,143 | €52,018 | -€12,125 | -18.9% |
| Suppliers | 440/4 | €64,143 | €52,018 | -€12,125 | -18.9% |
| Advances received on contracts in progress | 46 | - | €14,719 | +€14,719 | |
| Taxes, remuneration and social security | 45 | €237 | €119 | -€119 | -50.0% |
| Taxes | 450/3 | €237 | €119 | -€119 | -50.0% |
| Other amounts payable | 47/48 | - | €5,201 | +€5,201 | |
| Other operating charges | 640/8 | €499 | €462 | -€38 | -7.5% |
| Gross operating margin | 9900 | €1,284 | €1,037 | -€247 | -19.3% |
| Operating profit (loss) | 9901 | €785 | €575 | -€210 | -26.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €280 | €271 | -€9 | -3.1% |
| Recurring financial charges | 65 | €280 | €271 | -€9 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €505 | €303 | -€201 | -39.9% |
| Income taxes | 67/77 | €110 | €61 | -€49 | -44.7% |
| Profit (loss) for the period | 9904 | €395 | €243 | -€152 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €395 | €243 | -€152 | -38.5% |
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.