GO TEAM: 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 TEAM
Largest movements
- Cash +€31,428
up €31,428 (+705%), from €4,456 to €35,884
mainly Other debts (+€48,148) and Debts after one year (+€22,227)
- Receivables within one year +€22,611
up €22,611 (+33.7%), from €67,036 to €89,647
of which Trade receivables: +€19,393
- Tangible fixed assets +€15,919
up €15,919 (+39.2%), from €40,601 to €56,520
- Stocks and contracts -€2,141
down €2,141 (-20.9%), from €10,265 to €8,124
- Other debts +€48,148
up €48,148 (+5,521%), from €872 to €49,020
- Debts after one year +€22,227
new in 2024: €22,227
- Trade debts -€16,025
down €16,025 (-89.6%), from €17,877 to €1,852
- Current portion of long-term debt +€7,773
new in 2024: €7,773
- Tax, wage and social debts +€5,367
up €5,367 (+87.3%), from €6,147 to €11,514
- Depreciation -€3,260
down €3,260 (-26.8%), from €12,148 to €8,888
- Other operating charges +€2,044
up €2,044 (+90.3%), from €2,263 to €4,307
- Gross operating margin -€1,903
down €1,903 (-11.9%), from €16,041 to €14,139
- Financial charges +€843
up €843 (+425%), from €198 to €1,041
- Taxes -€699
down €699 (-48.2%), from €1,451 to €751
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,711 | €192,481 | +€66,770 | +53.1% |
| Fixed assets | 21/28 | €43,715 | €58,684 | +€14,969 | +34.2% |
| Intangible fixed assets | 21 | €3,114 | €2,164 | -€950 | -30.5% |
| Tangible fixed assets | 22/27 | €40,601 | €56,520 | +€15,919 | +39.2% |
| Furniture and vehicles | 24 | €40,601 | €56,520 | +€15,919 | +39.2% |
| Current assets | 29/58 | €81,996 | €133,797 | +€51,801 | +63.2% |
| Stocks and contracts in progress | 3 | €10,265 | €8,124 | -€2,141 | -20.9% |
| Stocks | 30/36 | €10,265 | €8,124 | -€2,141 | -20.9% |
| Amounts receivable within one year | 40/41 | €67,036 | €89,647 | +€22,611 | +33.7% |
| Trade receivables | 40 | €67,000 | €86,393 | +€19,393 | +28.9% |
| Other amounts receivable | 41 | €35 | €3,254 | +€3,219 | +9,159% |
| Cash at bank and in hand | 54/58 | €4,456 | €35,884 | +€31,428 | +705% |
| Deferred charges and accrued income | 490/1 | €240 | €142 | -€98 | -40.8% |
| Total equity and liabilities | 10/49 | €125,711 | €192,481 | +€66,770 | +53.1% |
| Equity | 10/15 | €100,815 | €100,095 | -€720 | -0.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,815 | €96,095 | -€720 | -0.7% |
| Amounts payable | 17/49 | €24,896 | €92,386 | +€67,490 | +271% |
| Amounts payable after more than one year | 17 | - | €22,227 | +€22,227 | |
| Financial debts | 170/4 | - | €22,227 | +€22,227 | |
| Amounts payable within one year | 42/48 | €24,896 | €70,159 | +€45,264 | +182% |
| Current portion of amounts payable after more than one year | 42 | - | €7,773 | +€7,773 | |
| Trade debts | 44 | €17,877 | €1,852 | -€16,025 | -89.6% |
| Suppliers | 440/4 | €17,877 | €1,852 | -€16,025 | -89.6% |
| Taxes, remuneration and social security | 45 | €6,147 | €11,514 | +€5,367 | +87.3% |
| Taxes | 450/3 | €6,147 | €11,514 | +€5,367 | +87.3% |
| Other amounts payable | 47/48 | €872 | €49,020 | +€48,148 | +5,521% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,148 | €8,888 | -€3,260 | -26.8% |
| Other operating charges | 640/8 | €2,263 | €4,307 | +€2,044 | +90.3% |
| Gross operating margin | 9900 | €16,041 | €14,139 | -€1,903 | -11.9% |
| Operating profit (loss) | 9901 | €1,631 | €944 | -€687 | -42.1% |
| Financial income | 75/76B | €46 | €128 | +€82 | +179% |
| Recurring financial income | 75 | €46 | €128 | +€82 | +179% |
| Financial charges | 65/66B | €198 | €1,041 | +€843 | +425% |
| Recurring financial charges | 65 | €198 | €1,041 | +€843 | +425% |
| Profit (loss) for the period before taxes | 9903 | €1,479 | €31 | -€1,448 | -97.9% |
| Income taxes | 67/77 | €1,451 | €751 | -€699 | -48.2% |
| Profit (loss) for the period | 9904 | €28 | -€720 | -€749 | |
| Profit (loss) for the period to be appropriated | 9905 | €28 | -€720 | -€749 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.