Go-Real: 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-Real
Largest movements
- Tangible fixed assets -€228,934
down €228,934 (-26.0%), from €881,484 to €652,551
of which Land and buildings: -€217,570
- Receivables within one year +€43,959
up €43,959 (+156%), from €28,134 to €72,093
of which Other amounts receivable: +€52,574
- Debts after one year -€222,107
down €222,107 (-27.7%), from €800,452 to €578,345
- Current portion of long-term debt +€33,324
up €33,324 (+183%), from €18,221 to €51,545
- Turnover +€68,087
up €68,087 (+69.6%), from €97,798 to €165,886
- Gross operating margin +€47,479
up €47,479 (+85.4%), from €55,574 to €103,053
- Other operating charges +€22,028
up €22,028 (+1,502%), from €1,466 to €23,494
- Purchases and services +€20,608
up €20,608 (+48.8%), from €42,225 to €62,833
- Financial charges +€14,697
up €14,697 (+139%), from €10,558 to €25,256
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 | €910,310 | €730,593 | -€179,717 | -19.7% |
| Fixed assets | 21/28 | €881,484 | €652,551 | -€228,934 | -26.0% |
| Tangible fixed assets | 22/27 | €881,484 | €652,551 | -€228,934 | -26.0% |
| Land and buildings | 22 | €839,671 | €622,102 | -€217,570 | -25.9% |
| Furniture and vehicles | 24 | €41,813 | €30,449 | -€11,364 | -27.2% |
| Current assets | 29/58 | €28,826 | €78,043 | +€49,217 | +171% |
| Amounts receivable within one year | 40/41 | €28,134 | €72,093 | +€43,959 | +156% |
| Trade receivables | 40 | €15,448 | €6,833 | -€8,615 | -55.8% |
| Other amounts receivable | 41 | €12,686 | €65,260 | +€52,574 | +414% |
| Cash at bank and in hand | 54/58 | €692 | €5,949 | +€5,257 | +760% |
| Total equity and liabilities | 10/49 | €910,310 | €730,593 | -€179,717 | -19.7% |
| Equity | 10/15 | €91,436 | €97,551 | +€6,116 | +6.7% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €21,860 | +€5,000 | +29.7% |
| Distributable reserves | 133 | €16,860 | €21,860 | +€5,000 | +29.7% |
| Profit (loss) carried forward | 14 | €5,976 | €7,091 | +€1,116 | +18.7% |
| Amounts payable | 17/49 | €818,875 | €633,042 | -€185,833 | -22.7% |
| Amounts payable after more than one year | 17 | €800,452 | €578,345 | -€222,107 | -27.7% |
| Financial debts | 170/4 | €800,452 | €578,345 | -€222,107 | -27.7% |
| Amounts payable within one year | 42/48 | €18,422 | €54,696 | +€36,274 | +197% |
| Current portion of amounts payable after more than one year | 42 | €18,221 | €51,545 | +€33,324 | +183% |
| Trade debts | 44 | €201 | €3,151 | +€2,950 | +1,464% |
| Suppliers | 440/4 | €201 | €3,151 | +€2,950 | +1,464% |
| Turnover | 70 | €97,798 | €165,886 | +€68,087 | +69.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,225 | €62,833 | +€20,608 | +48.8% |
| Remuneration, social security and pensions | 62 | €15,982 | €16,721 | +€739 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,161 | €21,161 | = | 0.0% |
| Other operating charges | 640/8 | €1,466 | €23,494 | +€22,028 | +1,502% |
| Gross operating margin | 9900 | €55,574 | €103,053 | +€47,479 | +85.4% |
| Operating profit (loss) | 9901 | €16,964 | €41,676 | +€24,712 | +146% |
| Financial charges | 65/66B | €10,558 | €25,256 | +€14,697 | +139% |
| Recurring financial charges | 65 | €10,558 | €25,256 | +€14,697 | +139% |
| Profit (loss) for the period before taxes | 9903 | €6,406 | €16,420 | +€10,015 | +156% |
| Income taxes | 67/77 | €332 | €10,305 | +€9,973 | +3,005% |
| Profit (loss) for the period | 9904 | €6,074 | €6,116 | +€42 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,074 | €6,116 | +€42 | +0.7% |
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 14 October 2026 via checked.be.