Goblyn: 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.
Goblyn
Largest movements
- Current investments +€740,924
up €740,924 (+951.6%), from €77,859 to €818,782
- Financial fixed assets -€481,646
down €481,646 (-55.0%), from €875,085 to €393,439
- Receivables after one year +€112,500
new in 2025: €112,500
- Receivables within one year +€69,112
up €69,112 (+1400.6%), from €4,934 to €74,046
of which Other amounts receivable: +€48,000
- Cash +€18,514
up €18,514 (+117.0%), from €15,828 to €34,343
mainly Investment in fixed assets (net) (+€478,471) and Debts after one year (+€425,000)
- Debts after one year +€425,000
new in 2025: €425,000
- Profit (loss) carried forward +€23,946
up €23,946 (+116.7%), from €20,523 to €44,470
- Financial income +€43,206
up €43,206 (+4194728.2%), from €1 to €43,207
- Gross operating margin -€37,741
down €37,741 (-87.4%), from €43,191 to €5,450
- Staff costs +€7,751
new in 2025: €7,751
- Financial charges -€5,492
down €5,492 (-45.4%), from €12,107 to €6,616
- Depreciation +€1,420
up €1,420 (+209.9%), from €676 to €2,096
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 | €981,850 | €1,438,223 | +€456,373 | +46.5% |
| Fixed assets | 21/28 | €879,119 | €398,551 | -€480,568 | -54.7% |
| Tangible fixed assets | 22/27 | €4,034 | €5,112 | +€1,078 | +26.7% |
| Furniture and vehicles | 24 | €4,034 | €5,112 | +€1,078 | +26.7% |
| Financial fixed assets | 28 | €875,085 | €393,439 | -€481,646 | -55.0% |
| Current assets | 29/58 | €102,731 | €1,039,672 | +€936,941 | +912.0% |
| Amounts receivable after more than one year | 29 | - | €112,500 | +€112,500 | |
| Trade receivables | 290 | - | €112,500 | +€112,500 | |
| Amounts receivable within one year | 40/41 | €4,934 | €74,046 | +€69,112 | +1400.6% |
| Trade receivables | 40 | €4,934 | €26,046 | +€21,112 | +427.9% |
| Other amounts receivable | 41 | - | €48,000 | +€48,000 | |
| Current investments | 50/53 | €77,859 | €818,782 | +€740,924 | +951.6% |
| Cash at bank and in hand | 54/58 | €15,828 | €34,343 | +€18,514 | +117.0% |
| Deferred charges and accrued income | 490/1 | €4,109 | - | -€4,109 | |
| Total equity and liabilities | 10/49 | €981,850 | €1,438,223 | +€456,373 | +46.5% |
| Equity | 10/15 | €965,523 | €989,470 | +€23,946 | +2.5% |
| Contributions | 10/11 | €945,000 | €945,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,523 | €44,470 | +€23,946 | +116.7% |
| Amounts payable | 17/49 | €16,326 | €448,754 | +€432,427 | +2648.7% |
| Amounts payable after more than one year | 17 | - | €425,000 | +€425,000 | |
| Other amounts payable | 178/9 | - | €425,000 | +€425,000 | |
| Amounts payable within one year | 42/48 | €16,326 | €23,754 | +€7,427 | +45.5% |
| Trade debts | 44 | €847 | €663 | -€183 | -21.6% |
| Suppliers | 440/4 | €847 | €663 | -€183 | -21.6% |
| Taxes, remuneration and social security | 45 | €12,892 | €23,090 | +€10,198 | +79.1% |
| Taxes | 450/3 | €12,892 | €23,090 | +€10,198 | +79.1% |
| Other amounts payable | 47/48 | €2,587 | - | -€2,587 | |
| Remuneration, social security and pensions | 62 | - | €7,751 | +€7,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €2,096 | +€1,420 | +209.9% |
| Other operating charges | 640/8 | €1,306 | €533 | -€774 | -59.2% |
| Gross operating margin | 9900 | €43,191 | €5,450 | -€37,741 | -87.4% |
| Operating profit (loss) | 9901 | €41,208 | -€4,930 | -€46,139 | |
| Financial income | 75/76B | €1 | €43,207 | +€43,206 | +4194728.2% |
| Recurring financial income | 75 | €1 | €43,207 | +€43,206 | +4194728.2% |
| Financial charges | 65/66B | €12,107 | €6,616 | -€5,492 | -45.4% |
| Recurring financial charges | 65 | €12,107 | €6,616 | -€5,492 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €29,102 | €31,661 | +€2,558 | +8.8% |
| Income taxes | 67/77 | €8,579 | €7,714 | -€864 | -10.1% |
| Profit (loss) for the period | 9904 | €20,523 | €23,946 | +€3,423 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,523 | €23,946 | +€3,423 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.