Go4Growth: 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.
Go4Growth
Largest movements
- Cash +€56,246
up €56,246 (+85.5%), from €65,750 to €121,997
mainly Net result for the year (+€42,696) and Tax, wage and social debts (+€18,449)
- Deferred charges and accrued income +€15,674
up €15,674 (+482%), from €3,255 to €18,929
- Receivables within one year -€9,320
down €9,320 (-20.0%), from €46,500 to €37,180
- Profit (loss) carried forward +€42,696
up €42,696 (+77.7%), from €54,975 to €97,671
- Tax, wage and social debts +€18,449
up €18,449 (+73.7%), from €25,038 to €43,487
- Gross operating margin -€9,868
down €9,868 (-14.1%), from €70,114 to €60,247
- Financial charges +€3,081
up €3,081 (+793%), from €389 to €3,469
- Taxes -€2,262
down €2,262 (-14.1%), from €16,064 to €13,802
- Other operating charges -€702
down €702 (-68.9%), from €1,019 to €317
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 | €115,505 | €178,105 | +€62,600 | +54.2% |
| Current assets | 29/58 | €115,505 | €178,105 | +€62,600 | +54.2% |
| Amounts receivable within one year | 40/41 | €46,500 | €37,180 | -€9,320 | -20.0% |
| Trade receivables | 40 | €46,500 | €37,180 | -€9,320 | -20.0% |
| Cash at bank and in hand | 54/58 | €65,750 | €121,997 | +€56,246 | +85.5% |
| Deferred charges and accrued income | 490/1 | €3,255 | €18,929 | +€15,674 | +482% |
| Total equity and liabilities | 10/49 | €115,505 | €178,105 | +€62,600 | +54.2% |
| Equity | 10/15 | €57,475 | €100,171 | +€42,696 | +74.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,975 | €97,671 | +€42,696 | +77.7% |
| Amounts payable | 17/49 | €58,030 | €77,934 | +€19,905 | +34.3% |
| Amounts payable within one year | 42/48 | €58,030 | €77,934 | +€19,905 | +34.3% |
| Trade debts | 44 | €2,674 | €4,120 | +€1,446 | +54.1% |
| Suppliers | 440/4 | €2,674 | €4,120 | +€1,446 | +54.1% |
| Taxes, remuneration and social security | 45 | €25,038 | €43,487 | +€18,449 | +73.7% |
| Taxes | 450/3 | €25,038 | €43,487 | +€18,449 | +73.7% |
| Other amounts payable | 47/48 | €30,317 | €30,327 | +€10 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €11,418 | +€11,418 | |
| Other operating charges | 640/8 | €1,019 | €317 | -€702 | -68.9% |
| Gross operating margin | 9900 | €70,114 | €60,247 | -€9,868 | -14.1% |
| Operating profit (loss) | 9901 | €69,095 | €59,930 | -€9,165 | -13.3% |
| Financial income | 75/76B | €7 | €37 | +€30 | +410% |
| Recurring financial income | 75 | €7 | €37 | +€30 | +410% |
| Financial charges | 65/66B | €389 | €3,469 | +€3,081 | +793% |
| Recurring financial charges | 65 | €389 | €3,469 | +€3,081 | +793% |
| Profit (loss) for the period before taxes | 9903 | €68,714 | €56,498 | -€12,216 | -17.8% |
| Income taxes | 67/77 | €16,064 | €13,802 | -€2,262 | -14.1% |
| Profit (loss) for the period | 9904 | €52,650 | €42,696 | -€9,954 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,650 | €42,696 | -€9,954 | -18.9% |
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 15 October 2026 via checked.be.