Go4V H: 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.
Go4V H
Largest movements
- Financial fixed assets +€189,700
up €189,700 (+94.9%), from €200,000 to €389,700
- Receivables after one year -€105,000
down €105,000 (-100.0%), from €105,000 to €0
- Cash +€4,174
up €4,174 (+97.1%), from €4,298 to €8,471
mainly Receivables after one year (+€105,000) and Short-term financial debts (+€70,000)
- Short-term financial debts +€70,000
new in 2025: €70,000
- Reserves +€44,576
up €44,576 (+102.7%), from €43,400 to €87,977
- Debts after one year -€29,237
down €29,237 (-23.0%), from €126,997 to €97,759
of which Other amounts payable: -€42,241
- Tax, wage and social debts +€4,548
up €4,548 (+100.4%), from €4,532 to €9,080
- Financial income +€1,790
up €1,790 (+3.6%), from €49,264 to €51,054
- Financial charges +€1,706
up €1,706 (+69.1%), from €2,470 to €4,176
- Gross operating margin +€1,504
up €1,504 (+87.1%), from €1,726 to €3,230
- Taxes +€400
up €400 (+9.2%), from €4,340 to €4,740
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 | €311,502 | €401,578 | +€90,077 | +28.9% |
| Formation expenses | 20 | €690 | €298 | -€392 | -56.8% |
| Fixed assets | 21/28 | €200,000 | €389,700 | +€189,700 | +94.9% |
| Financial fixed assets | 28 | €200,000 | €389,700 | +€189,700 | +94.9% |
| Current assets | 29/58 | €110,811 | €11,580 | -€99,231 | -89.5% |
| Amounts receivable after more than one year | 29 | €105,000 | €0 | -€105,000 | -100.0% |
| Other amounts receivable | 291 | €105,000 | €0 | -€105,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €250 | €3,109 | +€2,859 | +1145.4% |
| Trade receivables | 40 | €0 | €3,109 | +€3,109 | |
| Other amounts receivable | 41 | €250 | €0 | -€250 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,298 | €8,471 | +€4,174 | +97.1% |
| Deferred charges and accrued income | 490/1 | €1,264 | €0 | -€1,264 | -100.0% |
| Total equity and liabilities | 10/49 | €311,502 | €401,578 | +€90,077 | +28.9% |
| Equity | 10/15 | €142,674 | €187,250 | +€44,576 | +31.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,400 | €87,977 | +€44,576 | +102.7% |
| Distributable reserves | 133 | €43,400 | €87,977 | +€44,576 | +102.7% |
| Profit (loss) carried forward | 14 | €84,273 | €84,273 | = | 0.0% |
| Amounts payable | 17/49 | €168,828 | €214,328 | +€45,500 | +27.0% |
| Amounts payable after more than one year | 17 | €126,997 | €97,759 | -€29,237 | -23.0% |
| Financial debts | 170/4 | €36,997 | €50,000 | +€13,003 | +35.1% |
| Other amounts payable | 178/9 | €90,000 | €47,759 | -€42,241 | -46.9% |
| Amounts payable within one year | 42/48 | €41,024 | €116,166 | +€75,143 | +183.2% |
| Current portion of amounts payable after more than one year | 42 | €36,492 | €36,997 | +€505 | +1.4% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | - | €90 | +€90 | |
| Suppliers | 440/4 | - | €90 | +€90 | |
| Taxes, remuneration and social security | 45 | €4,532 | €9,080 | +€4,548 | +100.4% |
| Taxes | 450/3 | €4,532 | €9,080 | +€4,548 | +100.4% |
| Accrued charges and deferred income | 492/3 | €808 | €402 | -€405 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €392 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,726 | €3,230 | +€1,504 | +87.1% |
| Operating profit (loss) | 9901 | €947 | €2,438 | +€1,492 | +157.6% |
| Financial income | 75/76B | €49,264 | €51,054 | +€1,790 | +3.6% |
| Recurring financial income | 75 | €49,264 | €51,054 | +€1,790 | +3.6% |
| Financial charges | 65/66B | €2,470 | €4,176 | +€1,706 | +69.1% |
| Recurring financial charges | 65 | €2,470 | €4,176 | +€1,706 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €47,740 | €49,316 | +€1,576 | +3.3% |
| Income taxes | 67/77 | €4,340 | €4,740 | +€400 | +9.2% |
| Profit (loss) for the period | 9904 | €43,400 | €44,576 | +€1,176 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,400 | €44,576 | +€1,176 | +2.7% |
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.