GO INNOVATION: 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 INNOVATION
Largest movements
- Tangible fixed assets -€69,135
down €69,135 (-2.8%), from €2.5m to €2.4m
- Cash +€39,292
up €39,292 (+152%), from €25,930 to €65,222
mainly Net result for the year (+€73,512) and Depreciation (+€69,135)
- Debts after one year -€133,333
down €133,333 (-9.8%), from €1.4m to €1.2m
of which Financial debts: -€133,333
- Profit (loss) carried forward +€73,512
up €73,512 (+55.5%), from -€132,567 to -€59,055
- Gross operating margin -€6,723
down €6,723 (-3.1%), from €214,266 to €207,543
- Financial charges -€5,702
down €5,702 (-8.7%), from €65,321 to €59,618
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,622,835 | €2,592,742 | -€30,093 | -1.1% |
| Fixed assets | 21/28 | €2,494,918 | €2,425,784 | -€69,135 | -2.8% |
| Tangible fixed assets | 22/27 | €2,494,918 | €2,425,784 | -€69,135 | -2.8% |
| Land and buildings | 22 | €2,494,918 | €2,425,784 | -€69,135 | -2.8% |
| Current assets | 29/58 | €127,917 | €166,958 | +€39,041 | +30.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,930 | €65,222 | +€39,292 | +152% |
| Deferred charges and accrued income | 490/1 | €1,987 | €1,736 | -€251 | -12.6% |
| Total equity and liabilities | 10/49 | €2,622,835 | €2,592,742 | -€30,093 | -1.1% |
| Equity | 10/15 | €367,433 | €440,945 | +€73,512 | +20.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,567 | -€59,055 | +€73,512 | +55.5% |
| Amounts payable | 17/49 | €2,255,402 | €2,151,797 | -€103,605 | -4.6% |
| Amounts payable after more than one year | 17 | €1,358,526 | €1,225,194 | -€133,333 | -9.8% |
| Financial debts | 170/4 | €1,333,326 | €1,199,994 | -€133,333 | -10.0% |
| Other amounts payable | 178/9 | €25,200 | €25,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €860,001 | €885,813 | +€25,813 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | €133,333 | = | 0.0% |
| Trade debts | 44 | €514 | €514 | = | 0.0% |
| Suppliers | 440/4 | €514 | €514 | = | 0.0% |
| Other amounts payable | 47/48 | €726,154 | €751,967 | +€25,813 | +3.6% |
| Accrued charges and deferred income | 492/3 | €36,875 | €40,790 | +€3,915 | +10.6% |
| Non-recurring operating income | 76A | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,135 | €69,135 | = | 0.0% |
| Other operating charges | 640/8 | €4,911 | €6,363 | +€1,452 | +29.6% |
| Gross operating margin | 9900 | €214,266 | €207,543 | -€6,723 | -3.1% |
| Operating profit (loss) | 9901 | €140,221 | €132,045 | -€8,176 | -5.8% |
| Financial income | 75/76B | €1,230 | €1,085 | -€146 | -11.8% |
| Recurring financial income | 75 | €1,230 | €1,085 | -€146 | -11.8% |
| Financial charges | 65/66B | €65,321 | €59,618 | -€5,702 | -8.7% |
| Recurring financial charges | 65 | €65,321 | €59,618 | -€5,702 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €76,131 | €73,512 | -€2,619 | -3.4% |
| Profit (loss) for the period | 9904 | €76,131 | €73,512 | -€2,619 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,131 | €73,512 | -€2,619 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.