GOART: what changed
Two fiscal 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.
GOART
Largest movements
- Cash +€87,284
up €87,284 (+102.7%), from €84,971 to €172,254
mainly Net result for the year (+€152,015) and Depreciation (+€31,391)
- Current investments +€35,366
up €35,366 (+6.7%), from €524,390 to €559,755
- Reserves +€420,000
up €420,000 (+87.2%), from €481,860 to €901,860
of which Distributable reserves: +€450,000
- Profit (loss) carried forward -€297,985
down €297,985 (-27.8%), from €1.1m to €773,378
- Financial income +€28,374
up €28,374 (+1537.3%), from €1,846 to €30,220
- Staff costs +€9,677
up €9,677 (+64.8%), from €14,928 to €24,605
- Purchases and services -€9,076
down €9,076 (-16.0%), from €56,763 to €47,687
- Turnover +€2,721
up €2,721 (+1.0%), from €266,139 to €268,860
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 | €1,568,376 | €1,689,957 | +€121,582 | +7.8% |
| Fixed assets | 21/28 | €725,542 | €725,627 | +€85 | 0.0% |
| Tangible fixed assets | 22/27 | €722,917 | €723,002 | +€85 | 0.0% |
| Land and buildings | 22 | €703,199 | €705,822 | +€2,623 | +0.4% |
| Furniture and vehicles | 24 | €2,661 | €2,160 | -€501 | -18.8% |
| Other tangible fixed assets | 26 | €17,058 | €15,021 | -€2,037 | -11.9% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €842,834 | €964,330 | +€121,497 | +14.4% |
| Amounts receivable within one year | 40/41 | €230,290 | €228,951 | -€1,339 | -0.6% |
| Other amounts receivable | 41 | €230,290 | €228,951 | -€1,339 | -0.6% |
| Current investments | 50/53 | €524,390 | €559,755 | +€35,366 | +6.7% |
| Cash at bank and in hand | 54/58 | €84,971 | €172,254 | +€87,284 | +102.7% |
| Deferred charges and accrued income | 490/1 | €3,183 | €3,369 | +€186 | +5.8% |
| Total equity and liabilities | 10/49 | €1,568,376 | €1,689,957 | +€121,582 | +7.8% |
| Equity | 10/15 | €1,565,623 | €1,687,638 | +€122,015 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €481,860 | €901,860 | +€420,000 | +87.2% |
| Non-distributable reserves | 130/1 | €31,860 | €1,860 | -€30,000 | -94.2% |
| Reserves not available under the articles | 1311 | €31,860 | €1,860 | -€30,000 | -94.2% |
| Distributable reserves | 133 | €450,000 | €900,000 | +€450,000 | +100.0% |
| Profit (loss) carried forward | 14 | €1,071,363 | €773,378 | -€297,985 | -27.8% |
| Amounts payable | 17/49 | €2,752 | €2,319 | -€433 | -15.7% |
| Amounts payable within one year | 42/48 | €652 | €2,319 | +€1,667 | +255.4% |
| Trade debts | 44 | €251 | €1,473 | +€1,223 | +487.4% |
| Suppliers | 440/4 | €251 | €1,473 | +€1,223 | +487.4% |
| Taxes, remuneration and social security | 45 | €402 | €846 | +€444 | +110.6% |
| Taxes | 450/3 | €402 | - | -€402 | |
| Remuneration and social security | 454/9 | - | €846 | +€846 | |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Turnover | 70 | €266,139 | €268,860 | +€2,721 | +1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,763 | €47,687 | -€9,076 | -16.0% |
| Remuneration, social security and pensions | 62 | €14,928 | €24,605 | +€9,677 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,659 | €31,391 | -€1,269 | -3.9% |
| Other operating charges | 640/8 | €1,843 | €2,566 | +€723 | +39.3% |
| Gross operating margin | 9900 | €243,031 | €244,812 | +€1,781 | +0.7% |
| Operating profit (loss) | 9901 | €193,601 | €186,250 | -€7,352 | -3.8% |
| Financial income | 75/76B | €1,846 | €30,220 | +€28,374 | +1537.3% |
| Recurring financial income | 75 | €1,846 | €30,220 | +€28,374 | +1537.3% |
| Financial charges | 65/66B | €5,556 | €4,784 | -€772 | -13.9% |
| Recurring financial charges | 65 | €5,556 | €4,784 | -€772 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €189,891 | €211,685 | +€21,794 | +11.5% |
| Income taxes | 67/77 | €60,703 | €59,670 | -€1,033 | -1.7% |
| Profit (loss) for the period | 9904 | €129,188 | €152,015 | +€22,827 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €129,188 | €152,015 | +€22,827 | +17.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.