GOAN: 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.
GOAN
Largest movements
- Receivables within one year +€48,628
up €48,628 (+12554.3%), from €387 to €49,015
of which Trade receivables: +€39,914
- Cash -€30,870
down €30,870 (-91.6%), from €33,700 to €2,830
mainly Contributions, distributions and other (-€62,514) and Receivables within one year (-€48,628)
- Tangible fixed assets -€2,294
down €2,294 (-27.3%), from €8,419 to €6,125
of which Furniture and vehicles: -€1,577
- Other debts +€60,196
new in 2025: €60,196
- Reserves -€49,412
down €49,412 (-38.3%), from €128,996 to €79,584
of which Distributable reserves: -€49,412
- Trade debts +€7,735
up €7,735 (+595.0%), from €1,300 to €9,035
- Tax, wage and social debts -€3,043
down €3,043 (-20.2%), from €15,063 to €12,020
- Gross operating margin -€45,741
down €45,741 (-66.1%), from €69,223 to €23,482
- Taxes -€13,952
down €13,952 (-70.8%), from €19,719 to €5,767
- Financial income -€4,839
down €4,839 (-99.9%), from €4,842 to €3
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 | €157,758 | €173,234 | +€15,476 | +9.8% |
| Fixed assets | 21/28 | €17,533 | €15,239 | -€2,294 | -13.1% |
| Tangible fixed assets | 22/27 | €8,419 | €6,125 | -€2,294 | -27.3% |
| Land and buildings | 22 | €4,772 | €4,055 | -€717 | -15.0% |
| Furniture and vehicles | 24 | €3,648 | €2,071 | -€1,577 | -43.2% |
| Financial fixed assets | 28 | €9,114 | €9,114 | = | 0.0% |
| Current assets | 29/58 | €140,225 | €157,995 | +€17,770 | +12.7% |
| Amounts receivable after more than one year | 29 | €105,941 | €105,941 | = | 0.0% |
| Other amounts receivable | 291 | €105,941 | €105,941 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €387 | €49,015 | +€48,628 | +12554.3% |
| Trade receivables | 40 | €387 | €40,302 | +€39,914 | +10304.8% |
| Other amounts receivable | 41 | - | €8,713 | +€8,713 | |
| Cash at bank and in hand | 54/58 | €33,700 | €2,830 | -€30,870 | -91.6% |
| Deferred charges and accrued income | 490/1 | €197 | €209 | +€12 | +6.3% |
| Total equity and liabilities | 10/49 | €157,758 | €173,234 | +€15,476 | +9.8% |
| Equity | 10/15 | €141,396 | €91,984 | -€49,412 | -34.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €128,996 | €79,584 | -€49,412 | -38.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,136 | €77,724 | -€49,412 | -38.9% |
| Amounts payable | 17/49 | €16,363 | €81,250 | +€64,888 | +396.6% |
| Amounts payable within one year | 42/48 | €16,363 | €81,250 | +€64,888 | +396.6% |
| Trade debts | 44 | €1,300 | €9,035 | +€7,735 | +595.0% |
| Suppliers | 440/4 | €1,300 | €9,035 | +€7,735 | +595.0% |
| Taxes, remuneration and social security | 45 | €15,063 | €12,020 | -€3,043 | -20.2% |
| Taxes | 450/3 | €15,063 | €12,020 | -€3,043 | -20.2% |
| Other amounts payable | 47/48 | - | €60,196 | +€60,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €3,131 | +€83 | +2.7% |
| Other operating charges | 640/8 | €1,111 | €1,236 | +€125 | +11.2% |
| Gross operating margin | 9900 | €69,223 | €23,482 | -€45,741 | -66.1% |
| Operating profit (loss) | 9901 | €65,063 | €19,114 | -€45,949 | -70.6% |
| Financial income | 75/76B | €4,842 | €3 | -€4,839 | -99.9% |
| Recurring financial income | 75 | €4,842 | €3 | -€4,839 | -99.9% |
| Financial charges | 65/66B | €413 | €248 | -€165 | -39.9% |
| Recurring financial charges | 65 | €413 | €248 | -€165 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €69,493 | €18,869 | -€50,624 | -72.8% |
| Income taxes | 67/77 | €19,719 | €5,767 | -€13,952 | -70.8% |
| Profit (loss) for the period | 9904 | €49,774 | €13,103 | -€36,671 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,774 | €13,103 | -€36,671 | -73.7% |
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 9 October 2026 via checked.be.