Go Ocean: 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 Ocean
Largest movements
- Cash -€127,978
down €127,978 (-57.5%), from €222,702 to €94,724
mainly Accrued charges and deferred income (-€76,259) and Receivables within one year (-€25,158)
- Receivables within one year +€25,158
up €25,158 (+703%), from €3,578 to €28,736
of which Trade receivables: +€19,160
- Accrued charges and deferred income -€76,259
down €76,259 (-100%), from €76,259 to €0
- Tax, wage and social debts -€19,751
down €19,751 (-91.5%), from €21,581 to €1,830
of which Taxes: -€20,929
- Trade debts -€10,363
down €10,363 (-37.5%), from €27,671 to €17,308
- Profit (loss) carried forward +€2,589
up €2,589 (+6.6%), from -€39,279 to -€36,690
- Gross operating margin +€55,406
up €55,406 (+691%), from €8,017 to €63,423
- Staff costs +€13,595
up €13,595 (+30.2%), from €45,078 to €58,673
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 | €233,021 | €129,276 | -€103,745 | -44.5% |
| Fixed assets | 21/28 | €6,741 | €5,816 | -€924 | -13.7% |
| Intangible fixed assets | 21 | €2,922 | €2,248 | -€674 | -23.1% |
| Tangible fixed assets | 22/27 | €2,356 | €2,106 | -€250 | -10.6% |
| Furniture and vehicles | 24 | €2,356 | €2,106 | -€250 | -10.6% |
| Financial fixed assets | 28 | €1,462 | €1,462 | = | 0.0% |
| Current assets | 29/58 | €226,280 | €123,460 | -€102,820 | -45.4% |
| Amounts receivable within one year | 40/41 | €3,578 | €28,736 | +€25,158 | +703% |
| Trade receivables | 40 | €3,578 | €22,739 | +€19,160 | +535% |
| Other amounts receivable | 41 | - | €5,997 | +€5,997 | |
| Cash at bank and in hand | 54/58 | €222,702 | €94,724 | -€127,978 | -57.5% |
| Total equity and liabilities | 10/49 | €233,021 | €129,276 | -€103,745 | -44.5% |
| Equity | 10/15 | -€38,279 | -€35,690 | +€2,589 | +6.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,279 | -€36,690 | +€2,589 | +6.6% |
| Amounts payable | 17/49 | €271,300 | €164,966 | -€106,334 | -39.2% |
| Amounts payable after more than one year | 17 | €141,337 | €141,337 | = | 0.0% |
| Financial debts | 170/4 | €141,337 | €141,337 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,704 | €23,629 | -€30,075 | -56.0% |
| Trade debts | 44 | €27,671 | €17,308 | -€10,363 | -37.5% |
| Suppliers | 440/4 | €27,671 | €17,308 | -€10,363 | -37.5% |
| Advances received on contracts in progress | 46 | €182 | €0 | -€182 | -100% |
| Taxes, remuneration and social security | 45 | €21,581 | €1,830 | -€19,751 | -91.5% |
| Taxes | 450/3 | €21,581 | €652 | -€20,929 | -97.0% |
| Remuneration and social security | 454/9 | - | €1,178 | +€1,178 | |
| Other amounts payable | 47/48 | €4,270 | €4,492 | +€222 | +5.2% |
| Accrued charges and deferred income | 492/3 | €76,259 | €0 | -€76,259 | -100% |
| Remuneration, social security and pensions | 62 | €45,078 | €58,673 | +€13,595 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €924 | +€331 | +55.7% |
| Other operating charges | 640/8 | €1,342 | €867 | -€475 | -35.4% |
| Non-recurring operating charges | 66A | - | €5 | +€5 | |
| Gross operating margin | 9900 | €8,017 | €63,423 | +€55,406 | +691% |
| Operating profit (loss) | 9901 | -€38,997 | €2,953 | +€41,950 | |
| Financial income | 75/76B | €27 | €172 | +€145 | +539% |
| Recurring financial income | 75 | €27 | €172 | +€145 | +539% |
| Financial charges | 65/66B | €306 | €536 | +€231 | +75.5% |
| Recurring financial charges | 65 | €306 | €536 | +€231 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | -€39,275 | €2,589 | +€41,865 | |
| Income taxes | 67/77 | €4 | €0 | -€4 | -100% |
| Profit (loss) for the period | 9904 | -€39,279 | €2,589 | +€41,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,279 | €2,589 | +€41,868 |
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 17 October 2026 via checked.be.