GO MED: 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 MED
Largest movements
- Receivables within one year -€72,614
down €72,614 (-58.9%), from €123,340 to €50,726
of which Other amounts receivable: -€66,492
- Tangible fixed assets -€47,027
down €47,027 (-6.6%), from €716,220 to €669,193
of which Land and buildings: -€41,160
- Debts after one year -€51,342
down €51,342 (-24.2%), from €211,990 to €160,648
of which Trade debts: -€51,342
- Profit (loss) carried forward -€49,238
down €49,238 (-4.7%), from €1.0m to €995,307
- Other debts -€33,955
down €33,955 (-17.3%), from €196,677 to €162,722
- Financial income -€624,124
down €624,124 (-98.5%), from €633,880 to €9,756
of which Non-recurring financial income: -€630,000
- Other operating charges -€144,958
down €144,958 (-89.5%), from €161,882 to €16,924
- Taxes -€117,665
down €117,665 (-98.4%), from €119,625 to €1,960
- Gross operating margin +€15,567
up €15,567 (+210%), from €7,417 to €22,984
- Depreciation -€4,589
down €4,589 (-6.9%), from €66,035 to €61,446
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 | €2,061,930 | €1,928,727 | -€133,203 | -6.5% |
| Fixed assets | 21/28 | €746,357 | €699,330 | -€47,027 | -6.3% |
| Tangible fixed assets | 22/27 | €716,220 | €669,193 | -€47,027 | -6.6% |
| Land and buildings | 22 | €702,369 | €661,209 | -€41,160 | -5.9% |
| Plant, machinery and equipment | 23 | €13,393 | €7,984 | -€5,409 | -40.4% |
| Furniture and vehicles | 24 | €458 | - | -€458 | |
| Financial fixed assets | 28 | €30,137 | €30,137 | = | 0.0% |
| Current assets | 29/58 | €1,315,573 | €1,229,397 | -€86,176 | -6.6% |
| Stocks and contracts in progress | 3 | €588,586 | €588,586 | = | 0.0% |
| Stocks | 30/36 | €588,586 | €588,586 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €123,340 | €50,726 | -€72,614 | -58.9% |
| Trade receivables | 40 | €6,122 | - | -€6,122 | |
| Other amounts receivable | 41 | €117,218 | €50,726 | -€66,492 | -56.7% |
| Cash at bank and in hand | 54/58 | €603,647 | €590,085 | -€13,562 | -2.2% |
| Total equity and liabilities | 10/49 | €2,061,930 | €1,928,727 | -€133,203 | -6.5% |
| Equity | 10/15 | €1,493,390 | €1,444,152 | -€49,238 | -3.3% |
| Contributions | 10/11 | €342,025 | €342,025 | = | 0.0% |
| Reserves | 13 | €106,820 | €106,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,203 | €34,203 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,203 | €34,203 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,617 | €72,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,044,545 | €995,307 | -€49,238 | -4.7% |
| Amounts payable | 17/49 | €568,540 | €484,575 | -€83,965 | -14.8% |
| Amounts payable after more than one year | 17 | €211,990 | €160,648 | -€51,342 | -24.2% |
| Trade debts | 175 | €111,990 | €60,648 | -€51,342 | -45.8% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €356,550 | €323,927 | -€32,623 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €50,173 | €50,710 | +€537 | +1.1% |
| Trade debts | 44 | €1,294 | €4,218 | +€2,924 | +226% |
| Suppliers | 440/4 | €1,294 | €4,218 | +€2,924 | +226% |
| Advances received on contracts in progress | 46 | €521 | €1,917 | +€1,396 | +268% |
| Taxes, remuneration and social security | 45 | €107,885 | €104,360 | -€3,525 | -3.3% |
| Taxes | 450/3 | €107,870 | €104,360 | -€3,510 | -3.3% |
| Remuneration and social security | 454/9 | €15 | - | -€15 | |
| Other amounts payable | 47/48 | €196,677 | €162,722 | -€33,955 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,035 | €61,446 | -€4,589 | -6.9% |
| Other operating charges | 640/8 | €161,882 | €16,924 | -€144,958 | -89.5% |
| Non-recurring operating charges | 66A | €4,388 | - | -€4,388 | |
| Gross operating margin | 9900 | €7,417 | €22,984 | +€15,567 | +210% |
| Operating profit (loss) | 9901 | -€224,888 | -€55,386 | +€169,502 | +75.4% |
| Financial income | 75/76B | €633,880 | €9,756 | -€624,124 | -98.5% |
| Recurring financial income | 75 | €3,880 | €9,756 | +€5,876 | +151% |
| Non-recurring financial income | 76B | €630,000 | - | -€630,000 | |
| Financial charges | 65/66B | €3,018 | €1,648 | -€1,370 | -45.4% |
| Recurring financial charges | 65 | €3,018 | €1,648 | -€1,370 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €405,974 | -€47,278 | -€453,252 | |
| Income taxes | 67/77 | €119,625 | €1,960 | -€117,665 | -98.4% |
| Profit (loss) for the period | 9904 | €286,349 | -€49,238 | -€335,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €286,349 | -€49,238 | -€335,587 |
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 13 October 2026 via checked.be.