GO POP: 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 POP
Largest movements
- Stocks and contracts +€129,614
up €129,614 (+17.6%), from €736,701 to €866,315
- Cash +€96,593
up €96,593 (+31.9%), from €303,158 to €399,752
mainly Net result for the year (+€171,296) and Tax, wage and social debts (+€90,121)
- Deferred charges and accrued income +€56,960
up €56,960 (+770%), from €7,401 to €64,361
- Receivables within one year -€28,163
down €28,163 (-9.3%), from €302,535 to €274,372
of which Trade receivables: -€28,306
- Profit (loss) carried forward +€171,296
up €171,296, from -€166,034 to €5,262
- Tax, wage and social debts +€90,121
up €90,121 (+128%), from €70,397 to €160,518
of which Taxes: +€72,096
- Gross operating margin -€83,868
down €83,868 (-12.3%), from €681,166 to €597,298
- Taxes +€54,332
up €54,332 (+397%), from €13,700 to €68,032
- Staff costs -€9,707
down €9,707 (-2.9%), from €338,843 to €329,137
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 | €1,398,890 | €1,654,896 | +€256,007 | +18.3% |
| Fixed assets | 21/28 | €49,094 | €50,096 | +€1,003 | +2.0% |
| Tangible fixed assets | 22/27 | €38,139 | €39,141 | +€1,003 | +2.6% |
| Plant, machinery and equipment | 23 | €4,301 | €2,134 | -€2,167 | -50.4% |
| Furniture and vehicles | 24 | €27,988 | €23,536 | -€4,452 | -15.9% |
| Other tangible fixed assets | 26 | €5,849 | €13,472 | +€7,623 | +130% |
| Financial fixed assets | 28 | €10,955 | €10,955 | = | 0.0% |
| Current assets | 29/58 | €1,349,796 | €1,604,800 | +€255,004 | +18.9% |
| Stocks and contracts in progress | 3 | €736,701 | €866,315 | +€129,614 | +17.6% |
| Stocks | 30/36 | €736,701 | €866,315 | +€129,614 | +17.6% |
| Amounts receivable within one year | 40/41 | €302,535 | €274,372 | -€28,163 | -9.3% |
| Trade receivables | 40 | €301,709 | €273,404 | -€28,306 | -9.4% |
| Other amounts receivable | 41 | €826 | €968 | +€142 | +17.2% |
| Cash at bank and in hand | 54/58 | €303,158 | €399,752 | +€96,593 | +31.9% |
| Deferred charges and accrued income | 490/1 | €7,401 | €64,361 | +€56,960 | +770% |
| Total equity and liabilities | 10/49 | €1,398,890 | €1,654,896 | +€256,007 | +18.3% |
| Equity | 10/15 | €583,966 | €755,262 | +€171,296 | +29.3% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,034 | €5,262 | +€171,296 | |
| Amounts payable | 17/49 | €814,924 | €899,634 | +€84,710 | +10.4% |
| Amounts payable after more than one year | 17 | €600,000 | €600,000 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €153,410 | €229,371 | +€75,960 | +49.5% |
| Trade debts | 44 | €82,755 | €68,853 | -€13,903 | -16.8% |
| Suppliers | 440/4 | €82,755 | €68,853 | -€13,903 | -16.8% |
| Taxes, remuneration and social security | 45 | €70,397 | €160,518 | +€90,121 | +128% |
| Taxes | 450/3 | €42,043 | €114,139 | +€72,096 | +171% |
| Remuneration and social security | 454/9 | €28,354 | €46,379 | +€18,025 | +63.6% |
| Other amounts payable | 47/48 | €258 | - | -€258 | |
| Accrued charges and deferred income | 492/3 | €61,514 | €70,264 | +€8,750 | +14.2% |
| Remuneration, social security and pensions | 62 | €338,843 | €329,137 | -€9,707 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,009 | €13,935 | -€74 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €497 | +€497 | |
| Other operating charges | 640/8 | €21,368 | €21,072 | -€296 | -1.4% |
| Gross operating margin | 9900 | €681,166 | €597,298 | -€83,868 | -12.3% |
| Operating profit (loss) | 9901 | €306,946 | €232,658 | -€74,288 | -24.2% |
| Financial income | 75/76B | €20,716 | €21,224 | +€508 | +2.5% |
| Recurring financial income | 75 | €20,716 | €21,224 | +€508 | +2.5% |
| Financial charges | 65/66B | €15,951 | €14,553 | -€1,399 | -8.8% |
| Recurring financial charges | 65 | €15,951 | €14,553 | -€1,399 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €311,710 | €239,329 | -€72,381 | -23.2% |
| Income taxes | 67/77 | €13,700 | €68,032 | +€54,332 | +397% |
| Profit (loss) for the period | 9904 | €298,010 | €171,296 | -€126,714 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €298,010 | €171,296 | -€126,714 | -42.5% |
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 21 October 2026 via checked.be.