GO-MM: 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-MM
Largest movements
- Tangible fixed assets -€18,124
down €18,124 (-29.5%), from €61,469 to €43,345
of which Land and buildings: -€14,400
- Receivables within one year +€6,978
up €6,978 (+88.5%), from €7,883 to €14,861
of which Trade receivables: +€6,977
- Stocks and contracts +€2,653
up €2,653 (+8.5%), from €31,327 to €33,980
- Deferred charges and accrued income +€2,235
up €2,235 (+103%), from €2,168 to €4,403
- Cash +€1,975
up €1,975 (+243,823%), from €1 to €1,976
mainly Depreciation (+€18,124) and Short-term financial debts (+€1,457)
- Trade debts -€2,986
down €2,986 (-10.9%), from €27,489 to €24,504
- Investment grants -€2,482
down €2,482 (-33.3%), from €7,447 to €4,964
- Short-term financial debts +€1,457
up €1,457 (+24.1%), from €6,034 to €7,491
- Staff costs -€14,193
down €14,193 (-13.4%), from €106,019 to €91,826
- Other operating charges -€3,130
down €3,130 (-22.3%), from €14,028 to €10,899
- Gross operating margin -€2,830
down €2,830 (-2.3%), from €123,936 to €121,106
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 | €130,305 | €126,022 | -€4,283 | -3.3% |
| Fixed assets | 21/28 | €62,403 | €44,279 | -€18,124 | -29.0% |
| Tangible fixed assets | 22/27 | €61,469 | €43,345 | -€18,124 | -29.5% |
| Land and buildings | 22 | €43,200 | €28,800 | -€14,400 | -33.3% |
| Plant, machinery and equipment | 23 | €73 | - | -€73 | |
| Furniture and vehicles | 24 | €3,660 | €2,481 | -€1,179 | -32.2% |
| Other tangible fixed assets | 26 | €14,536 | €12,064 | -€2,472 | -17.0% |
| Financial fixed assets | 28 | €934 | €934 | = | 0.0% |
| Current assets | 29/58 | €67,902 | €81,743 | +€13,841 | +20.4% |
| Amounts receivable after more than one year | 29 | €26,523 | €26,523 | = | 0.0% |
| Other amounts receivable | 291 | €26,523 | €26,523 | = | 0.0% |
| Stocks and contracts in progress | 3 | €31,327 | €33,980 | +€2,653 | +8.5% |
| Stocks | 30/36 | €31,327 | €33,980 | +€2,653 | +8.5% |
| Amounts receivable within one year | 40/41 | €7,883 | €14,861 | +€6,978 | +88.5% |
| Trade receivables | 40 | €6,583 | €13,560 | +€6,977 | +106% |
| Other amounts receivable | 41 | €1,300 | €1,301 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €1 | €1,976 | +€1,975 | +243,823% |
| Deferred charges and accrued income | 490/1 | €2,168 | €4,403 | +€2,235 | +103% |
| Total equity and liabilities | 10/49 | €130,305 | €126,022 | -€4,283 | -3.3% |
| Equity | 10/15 | €87,327 | €84,641 | -€2,686 | -3.1% |
| Contributions | 10/11 | €233,181 | €233,181 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,160 | -€155,364 | -€204 | -0.1% |
| Investment grants | 15 | €7,447 | €4,964 | -€2,482 | -33.3% |
| Amounts payable | 17/49 | €42,978 | €41,381 | -€1,597 | -3.7% |
| Amounts payable within one year | 42/48 | €42,978 | €41,381 | -€1,597 | -3.7% |
| Financial debts | 43 | €6,034 | €7,491 | +€1,457 | +24.1% |
| Credit institutions | 430/8 | €6,034 | €7,491 | +€1,457 | +24.1% |
| Trade debts | 44 | €27,489 | €24,504 | -€2,986 | -10.9% |
| Suppliers | 440/4 | €27,489 | €24,504 | -€2,986 | -10.9% |
| Taxes, remuneration and social security | 45 | €9,455 | €9,386 | -€68 | -0.7% |
| Taxes | 450/3 | €1,723 | €3,872 | +€2,149 | +125% |
| Remuneration and social security | 454/9 | €7,731 | €5,515 | -€2,217 | -28.7% |
| Remuneration, social security and pensions | 62 | €106,019 | €91,826 | -€14,193 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,086 | €18,124 | +€38 | +0.2% |
| Other operating charges | 640/8 | €14,028 | €10,899 | -€3,130 | -22.3% |
| Non-recurring operating charges | 66A | €2,389 | €1,985 | -€404 | -16.9% |
| Gross operating margin | 9900 | €123,936 | €121,106 | -€2,830 | -2.3% |
| Operating profit (loss) | 9901 | -€16,587 | -€1,728 | +€14,859 | +89.6% |
| Financial income | 75/76B | €2,482 | €3,483 | +€1,001 | +40.3% |
| Recurring financial income | 75 | €2,482 | €3,483 | +€1,001 | +40.3% |
| Financial charges | 65/66B | €1,020 | €1,623 | +€604 | +59.2% |
| Recurring financial charges | 65 | €1,020 | €1,623 | +€604 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,124 | €132 | +€15,256 | |
| Income taxes | 67/77 | - | €335 | +€335 | |
| Profit (loss) for the period | 9904 | -€15,124 | -€204 | +€14,920 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,124 | -€204 | +€14,920 | +98.7% |
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 27 October 2026 via checked.be.