GO.MAN: 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.MAN
Largest movements
- Financial fixed assets +€881,704
new in 2025: €881,704
- Cash -€539,197
down €539,197 (-90.1%), from €598,692 to €59,494
mainly Investment in fixed assets (net) (-€892,229) and Contributions, distributions and other (-€217,000)
- Receivables within one year +€47,013
up €47,013 (+121.1%), from €38,816 to €85,829
of which Trade receivables: +€24,200
- Current investments +€35,000
up €35,000 (+11.6%), from €301,000 to €336,000
- Debts after one year +€500,000
new in 2025: €500,000
- Reserves -€141,500
down €141,500 (-12.6%), from €1.1m to €978,860
- Other debts +€25,004
new in 2025: €25,004
- Financial charges +€12,086
up €12,086 (+1916.7%), from €631 to €12,716
- Financial income +€9,317
up €9,317 (+210.3%), from €4,431 to €13,748
- Gross operating margin -€6,237
down €6,237 (-4.7%), from €132,842 to €126,605
- Depreciation -€5,419
down €5,419 (-26.3%), from €20,624 to €15,204
- Taxes +€2,527
up €2,527 (+7.8%), from €32,306 to €34,833
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 | €1,149,311 | €1,547,821 | +€398,510 | +34.7% |
| Fixed assets | 21/28 | €185,237 | €1,062,261 | +€877,024 | +473.5% |
| Tangible fixed assets | 22/27 | €185,237 | €180,558 | -€4,679 | -2.5% |
| Plant, machinery and equipment | 23 | €9,292 | €8,075 | -€1,218 | -13.1% |
| Furniture and vehicles | 24 | €3,532 | €11,110 | +€7,578 | +214.6% |
| Other tangible fixed assets | 26 | €172,413 | €161,373 | -€11,039 | -6.4% |
| Financial fixed assets | 28 | - | €881,704 | +€881,704 | |
| Current assets | 29/58 | €964,074 | €485,560 | -€478,515 | -49.6% |
| Amounts receivable after more than one year | 29 | €14,000 | €0 | -€14,000 | -100.0% |
| Trade receivables | 290 | €14,000 | €0 | -€14,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €38,816 | €85,829 | +€47,013 | +121.1% |
| Trade receivables | 40 | €13,310 | €37,510 | +€24,200 | +181.8% |
| Other amounts receivable | 41 | €25,506 | €48,319 | +€22,813 | +89.4% |
| Current investments | 50/53 | €301,000 | €336,000 | +€35,000 | +11.6% |
| Cash at bank and in hand | 54/58 | €598,692 | €59,494 | -€539,197 | -90.1% |
| Deferred charges and accrued income | 490/1 | €11,567 | €4,236 | -€7,331 | -63.4% |
| Total equity and liabilities | 10/49 | €1,149,311 | €1,547,821 | +€398,510 | +34.7% |
| Equity | 10/15 | €1,139,198 | €997,769 | -€141,429 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,120,360 | €978,860 | -€141,500 | -12.6% |
| Distributable reserves | 133 | €1,120,360 | €978,860 | -€141,500 | -12.6% |
| Profit (loss) carried forward | 14 | €238 | €309 | +€71 | +29.8% |
| Amounts payable | 17/49 | €10,113 | €550,052 | +€539,939 | +5339.2% |
| Amounts payable after more than one year | 17 | - | €500,000 | +€500,000 | |
| Financial debts | 170/4 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €10,113 | €38,219 | +€28,107 | +277.9% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €520 | €2,443 | +€1,923 | +369.7% |
| Suppliers | 440/4 | €520 | €2,443 | +€1,923 | +369.7% |
| Taxes, remuneration and social security | 45 | €9,593 | €10,762 | +€1,169 | +12.2% |
| Taxes | 450/3 | €9,593 | €10,762 | +€1,169 | +12.2% |
| Other amounts payable | 47/48 | - | €25,004 | +€25,004 | |
| Accrued charges and deferred income | 492/3 | €0 | €11,832 | +€11,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,624 | €15,204 | -€5,419 | -26.3% |
| Other operating charges | 640/8 | €1,906 | €2,028 | +€122 | +6.4% |
| Gross operating margin | 9900 | €132,842 | €126,605 | -€6,237 | -4.7% |
| Operating profit (loss) | 9901 | €110,312 | €109,372 | -€940 | -0.9% |
| Financial income | 75/76B | €4,431 | €13,748 | +€9,317 | +210.3% |
| Recurring financial income | 75 | €4,431 | €13,748 | +€9,317 | +210.3% |
| Financial charges | 65/66B | €631 | €12,716 | +€12,086 | +1916.7% |
| Recurring financial charges | 65 | €631 | €12,716 | +€12,086 | +1916.7% |
| Profit (loss) for the period before taxes | 9903 | €114,113 | €110,404 | -€3,708 | -3.2% |
| Income taxes | 67/77 | €32,306 | €34,833 | +€2,527 | +7.8% |
| Profit (loss) for the period | 9904 | €81,806 | €75,571 | -€6,235 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,806 | €75,571 | -€6,235 | -7.6% |
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 9 October 2026 via checked.be.