Go2Real: 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.
Go2Real
Largest movements
- Receivables within one year -€76,801
down €76,801 (-75.2%), from €102,144 to €25,343
of which Trade receivables: -€62,095
- Cash -€57,858
down €57,858 (-18.8%), from €308,388 to €250,530
mainly Contributions, distributions and other (-€210,539) and Investment in fixed assets (net) (-€4,211)
- Receivables after one year -€17,000
down €17,000 (-24.1%), from €70,500 to €53,500
- Reserves -€154,592
down €154,592 (-26.0%), from €593,617 to €439,025
of which Distributable reserves: -€154,592
- Other debts +€7,667
up €7,667 (+460.2%), from €1,666 to €9,333
- Gross operating margin -€36,465
down €36,465 (-31.0%), from €117,595 to €81,129
- Taxes -€11,986
down €11,986 (-33.8%), from €35,512 to €23,526
- Financial income -€3,398
down €3,398 (-67.7%), from €5,020 to €1,622
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 | €657,571 | €509,999 | -€147,572 | -22.4% |
| Fixed assets | 21/28 | €175,000 | €178,975 | +€3,975 | +2.3% |
| Tangible fixed assets | 22/27 | - | €3,975 | +€3,975 | |
| Furniture and vehicles | 24 | - | €3,975 | +€3,975 | |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €482,571 | €331,024 | -€151,546 | -31.4% |
| Amounts receivable after more than one year | 29 | €70,500 | €53,500 | -€17,000 | -24.1% |
| Other amounts receivable | 291 | €70,500 | €53,500 | -€17,000 | -24.1% |
| Amounts receivable within one year | 40/41 | €102,144 | €25,343 | -€76,801 | -75.2% |
| Trade receivables | 40 | €65,516 | €3,420 | -€62,095 | -94.8% |
| Other amounts receivable | 41 | €36,629 | €21,923 | -€14,706 | -40.1% |
| Cash at bank and in hand | 54/58 | €308,388 | €250,530 | -€57,858 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,538 | €1,651 | +€113 | +7.3% |
| Total equity and liabilities | 10/49 | €657,571 | €509,999 | -€147,572 | -22.4% |
| Equity | 10/15 | €599,817 | €445,225 | -€154,592 | -25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €593,617 | €439,025 | -€154,592 | -26.0% |
| Tax-exempt reserves | 132 | €203 | €203 | = | 0.0% |
| Distributable reserves | 133 | €593,414 | €438,822 | -€154,592 | -26.1% |
| Amounts payable | 17/49 | €57,753 | €64,774 | +€7,020 | +12.2% |
| Amounts payable within one year | 42/48 | €57,753 | €64,374 | +€6,620 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €10,232 | €10,824 | +€592 | +5.8% |
| Trade debts | 44 | €4,431 | €4,738 | +€307 | +6.9% |
| Suppliers | 440/4 | €4,431 | €4,738 | +€307 | +6.9% |
| Taxes, remuneration and social security | 45 | €41,424 | €39,479 | -€1,945 | -4.7% |
| Taxes | 450/3 | €41,424 | €39,479 | -€1,945 | -4.7% |
| Other amounts payable | 47/48 | €1,666 | €9,333 | +€7,667 | +460.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €237 | +€237 | |
| Other operating charges | 640/8 | €1,887 | €1,535 | -€352 | -18.7% |
| Gross operating margin | 9900 | €117,595 | €81,129 | -€36,465 | -31.0% |
| Operating profit (loss) | 9901 | €115,707 | €79,357 | -€36,350 | -31.4% |
| Financial income | 75/76B | €5,020 | €1,622 | -€3,398 | -67.7% |
| Recurring financial income | 75 | €5,020 | €1,622 | -€3,398 | -67.7% |
| Financial charges | 65/66B | €1,935 | €1,506 | -€429 | -22.2% |
| Recurring financial charges | 65 | €1,935 | €1,506 | -€429 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €118,793 | €79,473 | -€39,319 | -33.1% |
| Income taxes | 67/77 | €35,512 | €23,526 | -€11,986 | -33.8% |
| Profit (loss) for the period | 9904 | €83,281 | €55,947 | -€27,334 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,281 | €55,947 | -€27,334 | -32.8% |
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.