GO4WARD CONSULT: 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.
GO4WARD CONSULT
Largest movements
- Receivables within one year -€77,844
down €77,844 (-100.0%), from €77,850 to €6
of which Trade receivables: -€77,850
- Cash +€65,977
up €65,977 (+261%), from €25,235 to €91,212
mainly Receivables within one year (+€77,844) and Net result for the year (+€50,101)
- Other debts -€7,988
down €7,988 (-12.3%), from €64,906 to €56,919
- Reserves -€5,203
down €5,203 (-100%), from €5,203 to €0
- Tax, wage and social debts +€1,882
up €1,882 (+13.1%), from €14,340 to €16,222
of which Taxes: +€4,197
- Gross operating margin +€31,635
up €31,635 (+97.0%), from €32,630 to €64,265
- Taxes +€5,588
up €5,588 (+75.4%), from €7,416 to €13,003
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 | €104,459 | €93,347 | -€11,113 | -10.6% |
| Fixed assets | 21/28 | €1,374 | €2,089 | +€715 | +52.0% |
| Tangible fixed assets | 22/27 | €1,374 | €2,089 | +€715 | +52.0% |
| Furniture and vehicles | 24 | €1,374 | €2,089 | +€715 | +52.0% |
| Current assets | 29/58 | €103,085 | €91,258 | -€11,828 | -11.5% |
| Amounts receivable within one year | 40/41 | €77,850 | €6 | -€77,844 | -100.0% |
| Trade receivables | 40 | €77,850 | €0 | -€77,850 | -100% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €25,235 | €91,212 | +€65,977 | +261% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €104,459 | €93,347 | -€11,113 | -10.6% |
| Equity | 10/15 | €23,803 | €18,600 | -€5,203 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,203 | €0 | -€5,203 | -100% |
| Distributable reserves | 133 | €5,203 | €0 | -€5,203 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,657 | €74,747 | -€5,910 | -7.3% |
| Amounts payable within one year | 42/48 | €80,657 | €74,747 | -€5,910 | -7.3% |
| Financial debts | 43 | €445 | €4 | -€441 | -99.2% |
| Credit institutions | 430/8 | €445 | €4 | -€441 | -99.2% |
| Trade debts | 44 | €965 | €1,602 | +€637 | +66.1% |
| Suppliers | 440/4 | €965 | €1,602 | +€637 | +66.1% |
| Taxes, remuneration and social security | 45 | €14,340 | €16,222 | +€1,882 | +13.1% |
| Taxes | 450/3 | €12,025 | €16,222 | +€4,197 | +34.9% |
| Remuneration and social security | 454/9 | €2,315 | €0 | -€2,315 | -100% |
| Other amounts payable | 47/48 | €64,906 | €56,919 | -€7,988 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €486 | +€456 | +1,519% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €32,630 | €64,265 | +€31,635 | +97.0% |
| Operating profit (loss) | 9901 | €32,072 | €63,236 | +€31,163 | +97.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €168 | €131 | -€37 | -21.8% |
| Recurring financial charges | 65 | €168 | €131 | -€37 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €31,905 | €63,104 | +€31,200 | +97.8% |
| Income taxes | 67/77 | €7,416 | €13,003 | +€5,588 | +75.4% |
| Profit (loss) for the period | 9904 | €24,489 | €50,101 | +€25,612 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €24,489 | €50,101 | +€25,612 | +105% |
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 25 October 2026 via checked.be.