GO4EU: 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.
GO4EU
Largest movements
- Cash +€39,345
up €39,345 (+72.9%), from €53,946 to €93,291
mainly Net result for the year (+€79,507) and Receivables within one year (+€35,712)
- Receivables within one year -€35,712
down €35,712 (-88.8%), from €40,218 to €4,506
of which Other amounts receivable: -€35,523
- Profit (loss) carried forward +€39,507
up €39,507 (+196.9%), from €20,061 to €59,568
- Other debts -€24,562
down €24,562 (-43.9%), from €56,000 to €31,438
- Tax, wage and social debts -€12,147
down €12,147 (-50.3%), from €24,147 to €12,000
- Purchases and services -€123,244
no longer reported in 2025 (was €123,244)
- Turnover +€105,108
up €105,108 (+44.0%), from €238,925 to €344,033
- Gross operating margin -€10,239
down €10,239 (-8.9%), from €115,681 to €105,442
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 | €100,313 | €103,006 | +€2,693 | +2.7% |
| Fixed assets | 21/28 | €5,899 | €4,879 | -€1,020 | -17.3% |
| Tangible fixed assets | 22/27 | €5,843 | €4,823 | -€1,020 | -17.5% |
| Furniture and vehicles | 24 | €5,843 | €4,823 | -€1,020 | -17.5% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €94,414 | €98,127 | +€3,713 | +3.9% |
| Amounts receivable within one year | 40/41 | €40,218 | €4,506 | -€35,712 | -88.8% |
| Trade receivables | 40 | €189 | - | -€189 | |
| Other amounts receivable | 41 | €40,029 | €4,506 | -€35,523 | -88.7% |
| Cash at bank and in hand | 54/58 | €53,946 | €93,291 | +€39,345 | +72.9% |
| Deferred charges and accrued income | 490/1 | €250 | €330 | +€80 | +32.0% |
| Total equity and liabilities | 10/49 | €100,313 | €103,006 | +€2,693 | +2.7% |
| Equity | 10/15 | €20,061 | €59,568 | +€39,507 | +196.9% |
| Profit (loss) carried forward | 14 | €20,061 | €59,568 | +€39,507 | +196.9% |
| Amounts payable | 17/49 | €80,251 | €43,438 | -€36,814 | -45.9% |
| Amounts payable within one year | 42/48 | €80,251 | €43,438 | -€36,814 | -45.9% |
| Trade debts | 44 | €104 | - | -€104 | |
| Suppliers | 440/4 | €104 | - | -€104 | |
| Taxes, remuneration and social security | 45 | €24,147 | €12,000 | -€12,147 | -50.3% |
| Taxes | 450/3 | €24,147 | €12,000 | -€12,147 | -50.3% |
| Other amounts payable | 47/48 | €56,000 | €31,438 | -€24,562 | -43.9% |
| Turnover | 70 | €238,925 | €344,033 | +€105,108 | +44.0% |
| Non-recurring operating income | 76A | €6,917 | - | -€6,917 | |
| Goods, raw materials, services and sundry goods | 60/61 | €123,244 | - | -€123,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,373 | €3,869 | +€496 | +14.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €115,681 | €105,442 | -€10,239 | -8.9% |
| Operating profit (loss) | 9901 | €111,921 | €101,174 | -€10,748 | -9.6% |
| Financial income | 75/76B | €82 | €883 | +€801 | +971.1% |
| Recurring financial income | 75 | €82 | €883 | +€801 | +971.1% |
| Financial charges | 65/66B | €693 | €361 | -€332 | -47.9% |
| Recurring financial charges | 65 | €693 | €361 | -€332 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €111,311 | €101,696 | -€9,615 | -8.6% |
| Income taxes | 67/77 | €22,557 | €22,189 | -€368 | -1.6% |
| Profit (loss) for the period | 9904 | €88,753 | €79,507 | -€9,246 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,753 | €79,507 | -€9,246 | -10.4% |
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 4 October 2026 via checked.be.