GOBELCO: 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.
GOBELCO
Largest movements
- Cash -€8,032
no longer reported in 2025 (was €8,032)
mainly Investment in fixed assets (net) (-€5,830) and Receivables within one year (-€1,769)
- Tangible fixed assets +€5,167
up €5,167 (+305.1%), from €1,694 to €6,860
of which Other tangible fixed assets: +€5,269
- Receivables within one year +€1,769
up €1,769 (+37.3%), from €4,746 to €6,515
of which Other amounts receivable: +€3,637
- Current investments +€1,556
new in 2025: €1,556
- Deferred charges and accrued income -€983
down €983 (-73.6%), from €1,335 to €352
- Profit (loss) carried forward -€1,083
down €1,083 (-0.8%), from -€134,883 to -€135,966
- Tax, wage and social debts +€959
up €959 (+117.0%), from €820 to €1,779
of which Taxes: +€959
- Trade debts -€502
no longer reported in 2025 (was €502)
- Gross operating margin -€2,767
down €2,767 (-79.5%), from €3,480 to €712
- Depreciation +€423
up €423 (+175.7%), from €241 to €663
- Other operating charges -€345
down €345 (-28.2%), from €1,227 to €881
- Financial income +€121
up €121 (+166.8%), from €73 to €194
- Taxes -€41
down €41 (-12.8%), from €320 to €279
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 | €15,873 | €15,350 | -€523 | -3.3% |
| Fixed assets | 21/28 | €1,761 | €6,928 | +€5,167 | +293.5% |
| Tangible fixed assets | 22/27 | €1,694 | €6,860 | +€5,167 | +305.1% |
| Plant, machinery and equipment | 23 | €102 | - | -€102 | |
| Other tangible fixed assets | 26 | €1,592 | €6,860 | +€5,269 | +331.0% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €14,112 | €8,423 | -€5,690 | -40.3% |
| Amounts receivable within one year | 40/41 | €4,746 | €6,515 | +€1,769 | +37.3% |
| Trade receivables | 40 | €2,000 | €132 | -€1,868 | -93.4% |
| Other amounts receivable | 41 | €2,746 | €6,383 | +€3,637 | +132.5% |
| Current investments | 50/53 | - | €1,556 | +€1,556 | |
| Cash at bank and in hand | 54/58 | €8,032 | - | -€8,032 | |
| Deferred charges and accrued income | 490/1 | €1,335 | €352 | -€983 | -73.6% |
| Total equity and liabilities | 10/49 | €15,873 | €15,350 | -€523 | -3.3% |
| Equity | 10/15 | €14,101 | €13,018 | -€1,083 | -7.7% |
| Contributions | 10/11 | €148,984 | €148,984 | = | 0.0% |
| Capital | 10 | €148,984 | €148,984 | = | 0.0% |
| Issued capital | 100 | €148,984 | €148,984 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,883 | -€135,966 | -€1,083 | -0.8% |
| Amounts payable | 17/49 | €1,772 | €2,333 | +€560 | +31.6% |
| Amounts payable within one year | 42/48 | €1,322 | €1,779 | +€457 | +34.5% |
| Trade debts | 44 | €502 | - | -€502 | |
| Suppliers | 440/4 | €502 | - | -€502 | |
| Taxes, remuneration and social security | 45 | €820 | €1,779 | +€959 | +117.0% |
| Taxes | 450/3 | €320 | €1,279 | +€959 | +299.9% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €450 | €554 | +€104 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €663 | +€423 | +175.7% |
| Other operating charges | 640/8 | €1,227 | €881 | -€345 | -28.2% |
| Gross operating margin | 9900 | €3,480 | €712 | -€2,767 | -79.5% |
| Operating profit (loss) | 9901 | €2,013 | -€832 | -€2,845 | |
| Financial income | 75/76B | €73 | €194 | +€121 | +166.8% |
| Recurring financial income | 75 | €73 | €194 | +€121 | +166.8% |
| Financial charges | 65/66B | €153 | €166 | +€13 | +8.3% |
| Recurring financial charges | 65 | €153 | €166 | +€13 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €1,932 | -€804 | -€2,736 | |
| Income taxes | 67/77 | €320 | €279 | -€41 | -12.8% |
| Profit (loss) for the period | 9904 | €1,612 | -€1,083 | -€2,695 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,612 | -€1,083 | -€2,695 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.