GOA: what changed
GOA
Largest movements
- Receivables within one year +€32,683
up €32,683 (+893%), from €3,659 to €36,342
of which Trade receivables: +€33,883
- Tangible fixed assets -€10,377
down €10,377 (-28.5%), from €36,446 to €26,068
of which Furniture and vehicles: -€10,377
- Deferred charges and accrued income +€2,191
up €2,191 (+196%), from €1,120 to €3,311
- Cash -€1,924
down €1,924 (-19.4%), from €9,932 to €8,008
mainly Receivables within one year (-€32,683) and Other debts (-€32,096)
- Profit (loss) carried forward +€42,387
up €42,387 (+339%), from €12,517 to €54,905
- Other debts -€32,096
down €32,096 (-92.3%), from €34,762 to €2,666
- Tax, wage and social debts +€10,947
up €10,947 (+1,653%), from €662 to €11,609
- Trade debts +€1,334
up €1,334 (+621%), from €215 to €1,549
- Gross operating margin +€30,358
up €30,358 (+79.6%), from €38,140 to €68,498
- Depreciation +€6,310
up €6,310 (+89.3%), from €7,068 to €13,377
- Taxes +€5,596
up €5,596 (+130%), from €4,300 to €9,896
- Write-downs +€1,500
new in 2025: €1,500
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,157 | €73,729 | +€22,572 | +44.1% |
| Fixed assets | 21/28 | €36,446 | €26,068 | -€10,377 | -28.5% |
| Tangible fixed assets | 22/27 | €36,446 | €26,068 | -€10,377 | -28.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €36,446 | €26,068 | -€10,377 | -28.5% |
| Current assets | 29/58 | €14,711 | €47,661 | +€32,950 | +224% |
| Amounts receivable within one year | 40/41 | €3,659 | €36,342 | +€32,683 | +893% |
| Trade receivables | 40 | €2,459 | €36,342 | +€33,883 | +1,378% |
| Other amounts receivable | 41 | €1,200 | €0 | -€1,200 | -100% |
| Cash at bank and in hand | 54/58 | €9,932 | €8,008 | -€1,924 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,120 | €3,311 | +€2,191 | +196% |
| Total equity and liabilities | 10/49 | €51,157 | €73,729 | +€22,572 | +44.1% |
| Equity | 10/15 | €15,517 | €57,905 | +€42,387 | +273% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,517 | €54,905 | +€42,387 | +339% |
| Amounts payable | 17/49 | €35,640 | €15,825 | -€19,815 | -55.6% |
| Amounts payable within one year | 42/48 | €35,640 | €15,825 | -€19,815 | -55.6% |
| Trade debts | 44 | €215 | €1,549 | +€1,334 | +621% |
| Suppliers | 440/4 | €215 | €1,549 | +€1,334 | +621% |
| Taxes, remuneration and social security | 45 | €662 | €11,609 | +€10,947 | +1,653% |
| Taxes | 450/3 | €662 | €11,609 | +€10,947 | +1,653% |
| Other amounts payable | 47/48 | €34,762 | €2,666 | -€32,096 | -92.3% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €13,377 | +€6,310 | +89.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €180 | €432 | +€251 | +139% |
| Non-recurring operating charges | 66A | €8,445 | - | -€8,445 | |
| Gross operating margin | 9900 | €38,140 | €68,498 | +€30,358 | +79.6% |
| Operating profit (loss) | 9901 | €22,447 | €53,189 | +€30,742 | +137% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €409 | €73 | -€336 | -82.1% |
| Recurring financial charges | 65 | €409 | €73 | -€336 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €22,038 | €53,117 | +€31,079 | +141% |
| Income taxes | 67/77 | €4,300 | €9,896 | +€5,596 | +130% |
| Profit (loss) for the period | 9904 | €17,738 | €43,220 | +€25,482 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €17,738 | €43,220 | +€25,482 | +144% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.