GOBERG: 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.
GOBERG
Largest movements
- Financial fixed assets -€500,000
down €500,000 (-5.9%), from €8.5m to €8.0m
- Receivables after one year +€500,000
new in 2025: €500,000
- Cash +€359,612
up €359,612 (+171%), from €210,278 to €569,889
mainly Investment in fixed assets (net) (+€500,000) and Receivables within one year (+€221,978)
- Receivables within one year -€221,978
down €221,978 (-87.3%), from €254,406 to €32,428
of which Other amounts receivable: -€222,872
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€997,832
down €997,832 (-97.9%), from €1.0m to €21,581
- Taxes -€71,982
down €71,982 (-49.7%), from €144,730 to €72,749
- Financial charges +€26,092
up €26,092 (+907%), from €2,876 to €28,967
- Gross operating margin -€19,421
down €19,421 (-10.0%), from €193,768 to €174,346
- Other operating charges +€2,569
up €2,569 (+317%), from €811 to €3,381
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.
Derived cash bridge
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 | €9,157,455 | €9,260,283 | +€102,828 | +1.1% |
| Fixed assets | 21/28 | €8,575,955 | €8,059,012 | -€516,943 | -6.0% |
| Tangible fixed assets | 22/27 | €66,555 | €49,612 | -€16,943 | -25.5% |
| Furniture and vehicles | 24 | €66,555 | €49,612 | -€16,943 | -25.5% |
| Financial fixed assets | 28 | €8,509,400 | €8,009,400 | -€500,000 | -5.9% |
| Current assets | 29/58 | €581,500 | €1,201,272 | +€619,771 | +107% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Amounts receivable within one year | 40/41 | €254,406 | €32,428 | -€221,978 | -87.3% |
| Trade receivables | 40 | €27,298 | €28,192 | +€894 | +3.3% |
| Other amounts receivable | 41 | €227,108 | €4,236 | -€222,872 | -98.1% |
| Current investments | 50/53 | €116,817 | €98,954 | -€17,863 | -15.3% |
| Cash at bank and in hand | 54/58 | €210,278 | €569,889 | +€359,612 | +171% |
| Total equity and liabilities | 10/49 | €9,157,455 | €9,260,283 | +€102,828 | +1.1% |
| Equity | 10/15 | €9,009,019 | €9,082,907 | +€73,888 | +0.8% |
| Contributions | 10/11 | €5,790,990 | €5,790,990 | = | 0.0% |
| Contributions outside capital | 11 | €5,790,990 | - | -€5.8m | |
| Other | 1109/19 | €5,790,990 | - | -€5.8m | |
| Reserves | 13 | €3,218,029 | €3,291,917 | +€73,888 | +2.3% |
| Non-distributable reserves | 130/1 | €219,000 | €219,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €219,000 | €219,000 | = | 0.0% |
| Distributable reserves | 133 | €2,999,029 | €3,072,917 | +€73,888 | +2.5% |
| Amounts payable | 17/49 | €148,436 | €177,376 | +€28,940 | +19.5% |
| Amounts payable within one year | 42/48 | €148,436 | €177,376 | +€28,940 | +19.5% |
| Trade debts | 44 | €9,055 | €8,365 | -€690 | -7.6% |
| Suppliers | 440/4 | €9,055 | €8,365 | -€690 | -7.6% |
| Taxes, remuneration and social security | 45 | €135,984 | €164,223 | +€28,239 | +20.8% |
| Taxes | 450/3 | €135,984 | €164,223 | +€28,239 | +20.8% |
| Other amounts payable | 47/48 | €3,397 | €4,788 | +€1,391 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,497 | €16,943 | +€446 | +2.7% |
| Other operating charges | 640/8 | €811 | €3,381 | +€2,569 | +317% |
| Gross operating margin | 9900 | €193,768 | €174,346 | -€19,421 | -10.0% |
| Operating profit (loss) | 9901 | €176,459 | €154,023 | -€22,437 | -12.7% |
| Financial income | 75/76B | €1,019,413 | €21,581 | -€997,832 | -97.9% |
| Recurring financial income | 75 | €1,019,413 | €21,581 | -€997,832 | -97.9% |
| Financial charges | 65/66B | €2,876 | €28,967 | +€26,092 | +907% |
| Recurring financial charges | 65 | €2,876 | €28,967 | +€26,092 | +907% |
| Profit (loss) for the period before taxes | 9903 | €1,192,997 | €146,637 | -€1.0m | -87.7% |
| Income taxes | 67/77 | €144,730 | €72,749 | -€71,982 | -49.7% |
| Profit (loss) for the period | 9904 | €1,048,266 | €73,888 | -€974,378 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,048,266 | €73,888 | -€974,378 | -93.0% |
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 18 October 2026 via checked.be.