GO-TEC: 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-TEC
Largest movements
- Cash -€251,455
down €251,455 (-88.6%), from €283,694 to €32,239
mainly Other debts (-€191,799) and Tax, wage and social debts (-€49,804)
- Tangible fixed assets +€6,193
new in 2025: €6,193
of which Furniture and vehicles: +€5,413
- Deferred charges and accrued income -€4,489
down €4,489 (-89.8%), from €5,000 to €511
- Other debts -€191,799
down €191,799 (-83.8%), from €228,953 to €37,154
- Tax, wage and social debts -€49,804
down €49,804 (-86.5%), from €57,582 to €7,777
of which Taxes: -€49,804
- Trade debts -€12,647
down €12,647 (-93.9%), from €13,466 to €819
- Reserves +€3,742
up €3,742 (+26612.3%), from €14 to €3,756
- Gross operating margin -€9,625
down €9,625 (-16.0%), from €59,987 to €50,362
- Depreciation +€2,274
new in 2025: €2,274
- Financial income -€1,069
down €1,069 (-48.2%), from €2,220 to €1,151
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 | €311,894 | €59,506 | -€252,387 | -80.9% |
| Fixed assets | 21/28 | - | €6,193 | +€6,193 | |
| Tangible fixed assets | 22/27 | - | €6,193 | +€6,193 | |
| Plant, machinery and equipment | 23 | - | €780 | +€780 | |
| Furniture and vehicles | 24 | - | €5,413 | +€5,413 | |
| Current assets | 29/58 | €311,894 | €53,314 | -€258,580 | -82.9% |
| Stocks and contracts in progress | 3 | €2,421 | €2,176 | -€245 | -10.1% |
| Stocks | 30/36 | €2,421 | €2,176 | -€245 | -10.1% |
| Amounts receivable within one year | 40/41 | €20,779 | €18,388 | -€2,391 | -11.5% |
| Trade receivables | 40 | €16,158 | €10,961 | -€5,197 | -32.2% |
| Other amounts receivable | 41 | €4,621 | €7,427 | +€2,806 | +60.7% |
| Cash at bank and in hand | 54/58 | €283,694 | €32,239 | -€251,455 | -88.6% |
| Deferred charges and accrued income | 490/1 | €5,000 | €511 | -€4,489 | -89.8% |
| Total equity and liabilities | 10/49 | €311,894 | €59,506 | -€252,387 | -80.9% |
| Equity | 10/15 | €10,014 | €13,756 | +€3,742 | +37.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14 | €3,756 | +€3,742 | +26612.3% |
| Distributable reserves | 133 | €14 | €3,756 | +€3,742 | +26612.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €301,880 | €45,751 | -€256,129 | -84.8% |
| Amounts payable within one year | 42/48 | €300,001 | €45,751 | -€254,251 | -84.7% |
| Trade debts | 44 | €13,466 | €819 | -€12,647 | -93.9% |
| Suppliers | 440/4 | €13,466 | €819 | -€12,647 | -93.9% |
| Taxes, remuneration and social security | 45 | €57,582 | €7,777 | -€49,804 | -86.5% |
| Taxes | 450/3 | €57,582 | €7,777 | -€49,804 | -86.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €228,953 | €37,154 | -€191,799 | -83.8% |
| Accrued charges and deferred income | 492/3 | €1,879 | €0 | -€1,879 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,274 | +€2,274 | |
| Other operating charges | 640/8 | €1,062 | €551 | -€511 | -48.1% |
| Gross operating margin | 9900 | €59,987 | €50,362 | -€9,625 | -16.0% |
| Operating profit (loss) | 9901 | €58,925 | €47,537 | -€11,388 | -19.3% |
| Financial income | 75/76B | €2,220 | €1,151 | -€1,069 | -48.2% |
| Recurring financial income | 75 | €2,220 | €1,151 | -€1,069 | -48.2% |
| Financial charges | 65/66B | €1,599 | €1,752 | +€153 | +9.6% |
| Recurring financial charges | 65 | €1,599 | €1,752 | +€153 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €59,546 | €46,935 | -€12,610 | -21.2% |
| Income taxes | 67/77 | €12,379 | €12,194 | -€186 | -1.5% |
| Profit (loss) for the period | 9904 | €47,166 | €34,742 | -€12,425 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,166 | €34,742 | -€12,425 | -26.3% |
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 12 October 2026 via checked.be.