GOBACO: 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.
GOBACO
Largest movements
- Receivables within one year -€12,272
down €12,272 (-45.1%), from €27,237 to €14,965
of which Other amounts receivable: -€9,707
- Cash -€11,486
down €11,486 (-66.9%), from €17,169 to €5,683
mainly Contributions, distributions and other (-€59,564) and Investment in fixed assets (net) (-€26,326)
- Tangible fixed assets +€7,601
up €7,601 (+18.1%), from €42,102 to €49,703
- Profit (loss) carried forward -€50,359
no longer reported in 2025 (was €50,359)
- Other debts +€34,736
up €34,736 (+119.5%), from €29,072 to €63,809
- Tax, wage and social debts +€2,535
up €2,535 (+85.1%), from €2,978 to €5,512
- Debts after one year -€1,996
down €1,996 (-65.6%), from €3,045 to €1,049
- Trade debts -€1,557
down €1,557 (-67.9%), from €2,293 to €736
- Gross operating margin -€25,478
down €25,478 (-43.0%), from €59,310 to €33,832
- Taxes -€9,957
down €9,957 (-77.7%), from €12,815 to €2,859
- Depreciation +€4,169
up €4,169 (+27.7%), from €15,056 to €19,225
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 | €91,617 | €75,102 | -€16,515 | -18.0% |
| Fixed assets | 21/28 | €45,779 | €52,880 | +€7,101 | +15.5% |
| Intangible fixed assets | 21 | €3,677 | €3,177 | -€500 | -13.6% |
| Tangible fixed assets | 22/27 | €42,102 | €49,703 | +€7,601 | +18.1% |
| Furniture and vehicles | 24 | €42,102 | €49,703 | +€7,601 | +18.1% |
| Current assets | 29/58 | €45,839 | €22,222 | -€23,616 | -51.5% |
| Amounts receivable within one year | 40/41 | €27,237 | €14,965 | -€12,272 | -45.1% |
| Trade receivables | 40 | €8,389 | €5,824 | -€2,565 | -30.6% |
| Other amounts receivable | 41 | €18,848 | €9,141 | -€9,707 | -51.5% |
| Cash at bank and in hand | 54/58 | €17,169 | €5,683 | -€11,486 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,574 | +€142 | +9.9% |
| Total equity and liabilities | 10/49 | €91,617 | €75,102 | -€16,515 | -18.0% |
| Equity | 10/15 | €52,359 | €2,000 | -€50,359 | -96.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,359 | - | -€50,359 | |
| Amounts payable | 17/49 | €39,258 | €73,102 | +€33,844 | +86.2% |
| Amounts payable after more than one year | 17 | €3,045 | €1,049 | -€1,996 | -65.6% |
| Financial debts | 170/4 | €3,045 | €1,049 | -€1,996 | -65.6% |
| Amounts payable within one year | 42/48 | €36,213 | €72,054 | +€35,840 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €1,870 | €1,996 | +€126 | +6.7% |
| Trade debts | 44 | €2,293 | €736 | -€1,557 | -67.9% |
| Suppliers | 440/4 | €2,293 | €736 | -€1,557 | -67.9% |
| Taxes, remuneration and social security | 45 | €2,978 | €5,512 | +€2,535 | +85.1% |
| Taxes | 450/3 | €2,978 | €5,512 | +€2,535 | +85.1% |
| Other amounts payable | 47/48 | €29,072 | €63,809 | +€34,736 | +119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,056 | €19,225 | +€4,169 | +27.7% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €59,310 | €33,832 | -€25,478 | -43.0% |
| Operating profit (loss) | 9901 | €43,356 | €13,679 | -€29,677 | -68.4% |
| Financial income | 75/76B | €846 | €331 | -€516 | -60.9% |
| Recurring financial income | 75 | €846 | €331 | -€516 | -60.9% |
| Financial charges | 65/66B | €2,315 | €1,947 | -€368 | -15.9% |
| Recurring financial charges | 65 | €2,315 | €1,947 | -€368 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €41,888 | €12,063 | -€29,824 | -71.2% |
| Income taxes | 67/77 | €12,815 | €2,859 | -€9,957 | -77.7% |
| Profit (loss) for the period | 9904 | €29,072 | €9,204 | -€19,868 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,072 | €9,204 | -€19,868 | -68.3% |
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 10 October 2026 via checked.be.