GO-Menuiseries: 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-Menuiseries
Largest movements
- Tangible fixed assets +€835,286
up €835,286 (+1,122%), from €74,438 to €909,724
of which Land and buildings: +€867,064
- Cash -€323,172
down €323,172 (-47.4%), from €682,081 to €358,909
mainly Investment in fixed assets (net) (-€862,440) and Receivables within one year (-€239,489)
- Receivables within one year +€239,489
up €239,489 (+78.2%), from €306,262 to €545,751
of which Other amounts receivable: +€175,068
- Deferred charges and accrued income +€73,703
up €73,703 (+883%), from €8,342 to €82,045
- Debts after one year +€440,647
new in 2025: €440,647
- Trade debts +€234,662
up €234,662 (+1,396%), from €16,812 to €251,475
- Accrued charges and deferred income -€122,530
no longer reported in 2025 (was €122,530)
- Advances received +€109,851
up €109,851 (+25.2%), from €436,280 to €546,131
- Other debts +€92,395
up €92,395 (+1,179%), from €7,835 to €100,230
- Gross operating margin +€265,619
up €265,619 (+43.2%), from €614,506 to €880,125
- Other operating charges +€112,775
up €112,775 (+600%), from €18,804 to €131,579
- Staff costs +€70,631
up €70,631 (+16.9%), from €418,018 to €488,649
- Taxes +€26,942
up €26,942 (+72.8%), from €36,989 to €63,931
- Depreciation +€12,535
up €12,535 (+85.7%), from €14,619 to €27,154
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 | €1,083,763 | €1,909,069 | +€825,306 | +76.2% |
| Fixed assets | 21/28 | €87,078 | €922,364 | +€835,286 | +959% |
| Tangible fixed assets | 22/27 | €74,438 | €909,724 | +€835,286 | +1,122% |
| Land and buildings | 22 | - | €867,064 | +€867,064 | |
| Plant, machinery and equipment | 23 | €2,507 | €103 | -€2,404 | -95.9% |
| Furniture and vehicles | 24 | €17,529 | €36,404 | +€18,875 | +108% |
| Other tangible fixed assets | 26 | €54,403 | €6,153 | -€48,250 | -88.7% |
| Financial fixed assets | 28 | €12,640 | €12,640 | = | 0.0% |
| Current assets | 29/58 | €996,685 | €986,705 | -€9,980 | -1.0% |
| Amounts receivable within one year | 40/41 | €306,262 | €545,751 | +€239,489 | +78.2% |
| Trade receivables | 40 | €180,058 | €244,479 | +€64,421 | +35.8% |
| Other amounts receivable | 41 | €126,204 | €301,272 | +€175,068 | +139% |
| Cash at bank and in hand | 54/58 | €682,081 | €358,909 | -€323,172 | -47.4% |
| Deferred charges and accrued income | 490/1 | €8,342 | €82,045 | +€73,703 | +883% |
| Total equity and liabilities | 10/49 | €1,083,763 | €1,909,069 | +€825,306 | +76.2% |
| Equity | 10/15 | €401,935 | €462,433 | +€60,497 | +15.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,935 | €447,433 | +€60,497 | +15.6% |
| Amounts payable | 17/49 | €681,828 | €1,446,636 | +€764,809 | +112% |
| Amounts payable after more than one year | 17 | - | €440,647 | +€440,647 | |
| Financial debts | 170/4 | - | €440,647 | +€440,647 | |
| Amounts payable within one year | 42/48 | €559,298 | €1,005,990 | +€446,692 | +79.9% |
| Trade debts | 44 | €16,812 | €251,475 | +€234,662 | +1,396% |
| Suppliers | 440/4 | €16,812 | €251,475 | +€234,662 | +1,396% |
| Advances received on contracts in progress | 46 | €436,280 | €546,131 | +€109,851 | +25.2% |
| Taxes, remuneration and social security | 45 | €98,370 | €108,153 | +€9,784 | +9.9% |
| Taxes | 450/3 | €61,211 | €99,516 | +€38,305 | +62.6% |
| Remuneration and social security | 454/9 | €37,158 | €8,637 | -€28,521 | -76.8% |
| Other amounts payable | 47/48 | €7,835 | €100,230 | +€92,395 | +1,179% |
| Accrued charges and deferred income | 492/3 | €122,530 | - | -€122,530 | |
| Remuneration, social security and pensions | 62 | €418,018 | €488,649 | +€70,631 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,619 | €27,154 | +€12,535 | +85.7% |
| Other operating charges | 640/8 | €18,804 | €131,579 | +€112,775 | +600% |
| Non-recurring operating charges | 66A | €3,503 | - | -€3,503 | |
| Gross operating margin | 9900 | €614,506 | €880,125 | +€265,619 | +43.2% |
| Operating profit (loss) | 9901 | €159,562 | €232,742 | +€73,180 | +45.9% |
| Financial income | 75/76B | €2,769 | €10,985 | +€8,216 | +297% |
| Recurring financial income | 75 | €2,769 | €10,086 | +€7,317 | +264% |
| Non-recurring financial income | 76B | - | €899 | +€899 | |
| Financial charges | 65/66B | €10,949 | €19,299 | +€8,349 | +76.3% |
| Recurring financial charges | 65 | €10,949 | €19,299 | +€8,349 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €151,382 | €224,429 | +€73,047 | +48.3% |
| Income taxes | 67/77 | €36,989 | €63,931 | +€26,942 | +72.8% |
| Profit (loss) for the period | 9904 | €114,392 | €160,497 | +€46,105 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,392 | €160,497 | +€46,105 | +40.3% |
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 16 October 2026 via checked.be.