GO STOCK: 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 STOCK
Largest movements
- Stocks and contracts -€57,399
down €57,399 (-42.6%), from €134,680 to €77,281
- Receivables within one year +€36,871
up €36,871 (+16.6%), from €222,659 to €259,530
of which Trade receivables: +€74,469
- Tangible fixed assets -€20,002
down €20,002 (-8.2%), from €245,315 to €225,313
of which Land and buildings: -€14,488
- Cash -€19,411
down €19,411 (-18.8%), from €103,148 to €83,736
mainly Contributions, distributions and other (-€58,824) and Debts after one year (-€45,233)
- Financial fixed assets +€13,100
up €13,100 (+177%), from €7,414 to €20,514
- Debts after one year -€45,233
down €45,233 (-13.2%), from €343,560 to €298,327
- Profit (loss) carried forward -€44,821
down €44,821 (-56.0%), from €80,008 to €35,187
- Other debts +€31,999
up €31,999 (+414%), from €7,723 to €39,721
- Tax, wage and social debts +€20,202
up €20,202 (+31.6%), from €63,889 to €84,092
of which Taxes: +€39,950
- Trade debts -€15,541
down €15,541 (-9.0%), from €172,206 to €156,665
- Staff costs -€52,514
down €52,514 (-26.6%), from €197,282 to €144,768
- Gross operating margin +€34,783
up €34,783 (+19.6%), from €177,586 to €212,368
- Financial charges -€7,986
down €7,986 (-30.0%), from €26,607 to €18,621
- Other operating charges -€7,025
down €7,025 (-40.5%), from €17,339 to €10,314
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 | €734,517 | €680,290 | -€54,228 | -7.4% |
| Fixed assets | 21/28 | €252,729 | €245,827 | -€6,902 | -2.7% |
| Tangible fixed assets | 22/27 | €245,315 | €225,313 | -€20,002 | -8.2% |
| Land and buildings | 22 | €214,608 | €200,120 | -€14,488 | -6.8% |
| Plant, machinery and equipment | 23 | €13,524 | €8,749 | -€4,775 | -35.3% |
| Furniture and vehicles | 24 | €17,183 | €12,444 | -€4,739 | -27.6% |
| Assets under construction and advance payments | 27 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €7,414 | €20,514 | +€13,100 | +177% |
| Current assets | 29/58 | €481,789 | €434,462 | -€47,326 | -9.8% |
| Stocks and contracts in progress | 3 | €134,680 | €77,281 | -€57,399 | -42.6% |
| Stocks | 30/36 | €134,680 | €77,281 | -€57,399 | -42.6% |
| Amounts receivable within one year | 40/41 | €222,659 | €259,530 | +€36,871 | +16.6% |
| Trade receivables | 40 | €132,301 | €206,770 | +€74,469 | +56.3% |
| Other amounts receivable | 41 | €90,358 | €52,760 | -€37,598 | -41.6% |
| Cash at bank and in hand | 54/58 | €103,148 | €83,736 | -€19,411 | -18.8% |
| Deferred charges and accrued income | 490/1 | €21,302 | €13,916 | -€7,386 | -34.7% |
| Total equity and liabilities | 10/49 | €734,517 | €680,290 | -€54,228 | -7.4% |
| Equity | 10/15 | €100,468 | €55,647 | -€44,821 | -44.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,008 | €35,187 | -€44,821 | -56.0% |
| Amounts payable | 17/49 | €634,050 | €624,643 | -€9,407 | -1.5% |
| Amounts payable after more than one year | 17 | €343,560 | €298,327 | -€45,233 | -13.2% |
| Financial debts | 170/4 | €343,560 | €298,327 | -€45,233 | -13.2% |
| Amounts payable within one year | 42/48 | €289,630 | €326,248 | +€36,618 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €45,812 | €45,770 | -€42 | -0.1% |
| Trade debts | 44 | €172,206 | €156,665 | -€15,541 | -9.0% |
| Suppliers | 440/4 | €172,206 | €156,665 | -€15,541 | -9.0% |
| Taxes, remuneration and social security | 45 | €63,889 | €84,092 | +€20,202 | +31.6% |
| Taxes | 450/3 | €30,749 | €70,699 | +€39,950 | +130% |
| Remuneration and social security | 454/9 | €33,140 | €13,392 | -€19,748 | -59.6% |
| Other amounts payable | 47/48 | €7,723 | €39,721 | +€31,999 | +414% |
| Accrued charges and deferred income | 492/3 | €860 | €68 | -€792 | -92.1% |
| Remuneration, social security and pensions | 62 | €197,282 | €144,768 | -€52,514 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,702 | €24,801 | +€2,099 | +9.2% |
| Other operating charges | 640/8 | €17,339 | €10,314 | -€7,025 | -40.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €177,586 | €212,368 | +€34,783 | +19.6% |
| Operating profit (loss) | 9901 | -€59,737 | €32,485 | +€92,223 | |
| Financial income | 75/76B | €190 | €146 | -€44 | -23.1% |
| Recurring financial income | 75 | €190 | €146 | -€44 | -23.1% |
| Financial charges | 65/66B | €26,607 | €18,621 | -€7,986 | -30.0% |
| Recurring financial charges | 65 | €26,607 | €18,621 | -€7,986 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,154 | €14,010 | +€100,164 | |
| Income taxes | 67/77 | €609 | €7 | -€602 | -98.8% |
| Profit (loss) for the period | 9904 | -€86,763 | €14,003 | +€100,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,763 | €14,003 | +€100,766 |
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 18 October 2026 via checked.be.