GO SAILING: what changed
Two fiscal 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 SAILING
Largest movements
- Receivables within one year +€44,098
up €44,098 (+1464.5%), from €3,011 to €47,109
of which Trade receivables: +€43,522
- Tangible fixed assets -€30,890
down €30,890 (-17.3%), from €178,555 to €147,665
- Cash -€27,407
down €27,407 (-86.5%), from €31,701 to €4,294
mainly Receivables within one year (-€44,098) and Net result for the year (-€26,564)
- Trade debts +€30,185
up €30,185 (+663.2%), from €4,551 to €34,737
- Profit (loss) carried forward -€26,564
down €26,564 (-57.4%), from -€46,303 to -€72,867
- Other debts -€18,250
down €18,250 (-12.4%), from €147,299 to €129,049
- Gross operating margin -€11,771
down €11,771 (-72.1%), from €16,317 to €4,545
- Depreciation -€2,808
down €2,808 (-8.3%), from €33,698 to €30,890
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.
Cash bridge derived
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 | €213,697 | €199,068 | -€14,629 | -6.8% |
| Fixed assets | 21/28 | €178,555 | €147,665 | -€30,890 | -17.3% |
| Tangible fixed assets | 22/27 | €178,555 | €147,665 | -€30,890 | -17.3% |
| Plant, machinery and equipment | 23 | €178,555 | €147,665 | -€30,890 | -17.3% |
| Current assets | 29/58 | €35,142 | €51,403 | +€16,261 | +46.3% |
| Amounts receivable within one year | 40/41 | €3,011 | €47,109 | +€44,098 | +1464.5% |
| Trade receivables | 40 | - | €43,522 | +€43,522 | |
| Other amounts receivable | 41 | €3,011 | €3,587 | +€576 | +19.1% |
| Cash at bank and in hand | 54/58 | €31,701 | €4,294 | -€27,407 | -86.5% |
| Deferred charges and accrued income | 490/1 | €430 | - | -€430 | |
| Total equity and liabilities | 10/49 | €213,697 | €199,068 | -€14,629 | -6.8% |
| Equity | 10/15 | €61,846 | €35,282 | -€26,564 | -43.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €8,150 | €8,150 | = | 0.0% |
| Distributable reserves | 133 | €8,150 | €8,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,303 | -€72,867 | -€26,564 | -57.4% |
| Amounts payable | 17/49 | €151,850 | €163,786 | +€11,935 | +7.9% |
| Amounts payable within one year | 42/48 | €151,850 | €163,786 | +€11,935 | +7.9% |
| Trade debts | 44 | €4,551 | €34,737 | +€30,185 | +663.2% |
| Suppliers | 440/4 | €4,551 | €34,737 | +€30,185 | +663.2% |
| Other amounts payable | 47/48 | €147,299 | €129,049 | -€18,250 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,698 | €30,890 | -€2,808 | -8.3% |
| Gross operating margin | 9900 | €16,317 | €4,545 | -€11,771 | -72.1% |
| Operating profit (loss) | 9901 | -€17,382 | -€26,345 | -€8,963 | -51.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €117 | €219 | +€102 | +87.1% |
| Recurring financial charges | 65 | €117 | €219 | +€102 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,499 | -€26,564 | -€9,065 | -51.8% |
| Profit (loss) for the period | 9904 | -€17,499 | -€26,564 | -€9,065 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,499 | -€26,564 | -€9,065 | -51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.