GO-LEM: what changed
Two fiscal 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-LEM
Largest movements
- Receivables within one year -€19,986
down €19,986 (-59.5%), from €33,586 to €13,601
of which Trade receivables: -€24,200
- Cash -€5,842
down €5,842 (-99.9%), from €5,845 to €4
mainly Net result for the year (-€14,769) and Tax, wage and social debts (-€13,737)
- Reserves -€14,769
down €14,769 (-71.5%), from €20,658 to €5,889
- Tax, wage and social debts -€13,737
down €13,737 (-81.9%), from €16,773 to €3,036
- Trade debts +€1,772
new in 2025: €1,772
- Advances received +€908
new in 2025: €908
- Gross operating margin -€26,125
down €26,125, from €15,138 to -€10,986
- Taxes -€2,762
down €2,762 (-95.3%), from €2,899 to €137
- Financial charges +€1,831
up €1,831 (+472.5%), from €387 to €2,218
- Other operating charges +€844
up €844 (+144.8%), from €583 to €1,428
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
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 | €39,432 | €13,605 | -€25,827 | -65.5% |
| Current assets | 29/58 | €39,432 | €13,605 | -€25,827 | -65.5% |
| Amounts receivable within one year | 40/41 | €33,586 | €13,601 | -€19,986 | -59.5% |
| Trade receivables | 40 | €24,200 | - | -€24,200 | |
| Other amounts receivable | 41 | €9,386 | €13,601 | +€4,214 | +44.9% |
| Cash at bank and in hand | 54/58 | €5,845 | €4 | -€5,842 | -99.9% |
| Total equity and liabilities | 10/49 | €39,432 | €13,605 | -€25,827 | -65.5% |
| Equity | 10/15 | €22,658 | €7,889 | -€14,769 | -65.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,658 | €5,889 | -€14,769 | -71.5% |
| Distributable reserves | 133 | €20,658 | €5,889 | -€14,769 | -71.5% |
| Amounts payable | 17/49 | €16,773 | €5,716 | -€11,058 | -65.9% |
| Amounts payable within one year | 42/48 | €16,773 | €5,716 | -€11,058 | -65.9% |
| Trade debts | 44 | - | €1,772 | +€1,772 | |
| Suppliers | 440/4 | - | €1,772 | +€1,772 | |
| Advances received on contracts in progress | 46 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €16,773 | €3,036 | -€13,737 | -81.9% |
| Taxes | 450/3 | €16,773 | €3,036 | -€13,737 | -81.9% |
| Other operating charges | 640/8 | €583 | €1,428 | +€844 | +144.8% |
| Gross operating margin | 9900 | €15,138 | -€10,986 | -€26,125 | |
| Operating profit (loss) | 9901 | €14,555 | -€12,414 | -€26,969 | |
| Financial charges | 65/66B | €387 | €2,218 | +€1,831 | +472.5% |
| Recurring financial charges | 65 | €387 | €2,218 | +€1,831 | +472.5% |
| Profit (loss) for the period before taxes | 9903 | €14,168 | -€14,633 | -€28,800 | |
| Income taxes | 67/77 | €2,899 | €137 | -€2,762 | -95.3% |
| Profit (loss) for the period | 9904 | €11,268 | -€14,769 | -€26,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,268 | -€14,769 | -€26,038 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.