GOA PAINTWORK: 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.
GOA PAINTWORK
Largest movements
- Stocks and contracts +€23,936
up €23,936 (+548%), from €4,370 to €28,306
- Tangible fixed assets -€6,622
down €6,622 (-46.4%), from €14,284 to €7,661
of which Plant, machinery and equipment: -€6,506
- Cash -€6,135
down €6,135 (-82.1%), from €7,476 to €1,341
mainly Stocks and contracts (-€23,936) and Other debts (-€2,648)
- Receivables within one year -€3,714
down €3,714 (-23.0%), from €16,177 to €12,464
of which Trade receivables: -€5,541
- Deferred charges and accrued income +€1,324
new in 2023: €1,324
- Profit (loss) carried forward +€11,289
up €11,289 (+43.7%), from -€25,841 to -€14,552
- Other debts -€2,648
down €2,648 (-17.6%), from €15,039 to €12,391
- Accrued charges and deferred income +€1,904
up €1,904 (+148%), from €1,289 to €3,193
- Trade debts -€1,827
down €1,827 (-8.8%), from €20,779 to €18,952
- Staff costs -€10,714
down €10,714, from €10,147 to -€567
- Other operating charges -€5,755
down €5,755 (-80.5%), from €7,149 to €1,394
- Write-downs +€5,540
up €5,540, from -€5,540 to €0
- Gross operating margin -€3,537
down €3,537 (-15.5%), from €22,888 to €19,351
- Financial charges -€1,353
down €1,353 (-68.8%), from €1,965 to €612
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,017 | €52,807 | +€8,789 | +20.0% |
| Fixed assets | 21/28 | €15,994 | €9,371 | -€6,622 | -41.4% |
| Tangible fixed assets | 22/27 | €14,284 | €7,661 | -€6,622 | -46.4% |
| Land and buildings | 22 | €698 | €581 | -€116 | -16.7% |
| Plant, machinery and equipment | 23 | €13,586 | €7,080 | -€6,506 | -47.9% |
| Financial fixed assets | 28 | €1,710 | €1,710 | = | 0.0% |
| Current assets | 29/58 | €28,024 | €43,435 | +€15,411 | +55.0% |
| Stocks and contracts in progress | 3 | €4,370 | €28,306 | +€23,936 | +548% |
| Contracts in progress | 37 | €4,370 | €28,306 | +€23,936 | +548% |
| Amounts receivable within one year | 40/41 | €16,177 | €12,464 | -€3,714 | -23.0% |
| Trade receivables | 40 | €13,484 | €7,943 | -€5,541 | -41.1% |
| Other amounts receivable | 41 | €2,693 | €4,521 | +€1,828 | +67.9% |
| Cash at bank and in hand | 54/58 | €7,476 | €1,341 | -€6,135 | -82.1% |
| Deferred charges and accrued income | 490/1 | - | €1,324 | +€1,324 | |
| Total equity and liabilities | 10/49 | €44,017 | €52,807 | +€8,789 | +20.0% |
| Equity | 10/15 | €5,731 | €17,020 | +€11,289 | +197% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,972 | €12,972 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €11,112 | €12,972 | +€1,860 | +16.7% |
| Profit (loss) carried forward | 14 | -€25,841 | -€14,552 | +€11,289 | +43.7% |
| Amounts payable | 17/49 | €38,286 | €35,786 | -€2,500 | -6.5% |
| Amounts payable within one year | 42/48 | €36,997 | €32,594 | -€4,403 | -11.9% |
| Trade debts | 44 | €20,779 | €18,952 | -€1,827 | -8.8% |
| Suppliers | 440/4 | €20,779 | €18,952 | -€1,827 | -8.8% |
| Taxes, remuneration and social security | 45 | €1,179 | €1,250 | +€71 | +6.1% |
| Taxes | 450/3 | €0 | €71 | +€71 | |
| Remuneration and social security | 454/9 | €1,179 | €1,179 | = | 0.0% |
| Other amounts payable | 47/48 | €15,039 | €12,391 | -€2,648 | -17.6% |
| Accrued charges and deferred income | 492/3 | €1,289 | €3,193 | +€1,904 | +148% |
| Remuneration, social security and pensions | 62 | €10,147 | -€567 | -€10,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,331 | €6,622 | -€709 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,540 | €0 | +€5,540 | |
| Other operating charges | 640/8 | €7,149 | €1,394 | -€5,755 | -80.5% |
| Non-recurring operating charges | 66A | €655 | €0 | -€655 | -100% |
| Gross operating margin | 9900 | €22,888 | €19,351 | -€3,537 | -15.5% |
| Operating profit (loss) | 9901 | €3,145 | €11,901 | +€8,756 | +278% |
| Financial income | 75/76B | €0 | €0 | +€0 | +40.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +40.0% |
| Financial charges | 65/66B | €1,965 | €612 | -€1,353 | -68.8% |
| Recurring financial charges | 65 | €1,965 | €612 | -€1,353 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €1,180 | €11,289 | +€10,109 | +857% |
| Profit (loss) for the period | 9904 | €1,180 | €11,289 | +€10,109 | +857% |
| Profit (loss) for the period to be appropriated | 9905 | €1,180 | €11,289 | +€10,109 | +857% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.