GOBOX: 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.
GOBOX
Largest movements
- Tangible fixed assets +€353,033
up €353,033 (+224.3%), from €157,428 to €510,461
of which Other tangible fixed assets: +€208,196
- Receivables within one year -€174,918
down €174,918 (-84.4%), from €207,174 to €32,256
of which Trade receivables: -€148,597
- Cash -€38,827
down €38,827 (-51.0%), from €76,129 to €37,302
mainly Investment in fixed assets (net) (-€439,793) and Net result for the year (-€35,893)
- Stocks and contracts +€7,430
up €7,430 (+489.1%), from €1,519 to €8,949
- Investment grants +€68,880
up €68,880 (+717.3%), from €9,602 to €78,482
- Current portion of long-term debt +€53,709
up €53,709 (+161.4%), from €33,278 to €86,987
- Profit (loss) carried forward -€35,893
down €35,893, from €5,699 to -€30,194
- Trade debts +€25,378
up €25,378 (+68.9%), from €36,820 to €62,198
- Debts after one year +€17,843
up €17,843 (+6.7%), from €264,593 to €282,436
of which Financial debts: +€10,065
- Staff costs +€72,282
up €72,282 (+84.0%), from €86,012 to €158,294
- Depreciation +€63,526
up €63,526 (+274.6%), from €23,135 to €86,661
- Gross operating margin +€43,996
up €43,996 (+24.9%), from €176,701 to €220,697
- Financial charges +€12,741
up €12,741 (+216.9%), from €5,873 to €18,614
- Financial income +€8,286
up €8,286 (+331.3%), from €2,501 to €10,787
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 | €474,890 | €621,314 | +€146,424 | +30.8% |
| Formation expenses | 20 | €1,915 | €1,370 | -€545 | -28.5% |
| Fixed assets | 21/28 | €187,574 | €541,251 | +€353,677 | +188.6% |
| Intangible fixed assets | 21 | €16,470 | €16,726 | +€256 | +1.6% |
| Tangible fixed assets | 22/27 | €157,428 | €510,461 | +€353,033 | +224.3% |
| Furniture and vehicles | 24 | €31,837 | €27,157 | -€4,680 | -14.7% |
| Leasing and similar rights | 25 | - | €155,812 | +€155,812 | |
| Other tangible fixed assets | 26 | €119,295 | €327,491 | +€208,196 | +174.5% |
| Assets under construction and advance payments | 27 | €6,296 | - | -€6,296 | |
| Financial fixed assets | 28 | €13,676 | €14,064 | +€388 | +2.8% |
| Current assets | 29/58 | €285,401 | €78,693 | -€206,708 | -72.4% |
| Stocks and contracts in progress | 3 | €1,519 | €8,949 | +€7,430 | +489.1% |
| Stocks | 30/36 | €1,519 | €8,949 | +€7,430 | +489.1% |
| Amounts receivable within one year | 40/41 | €207,174 | €32,256 | -€174,918 | -84.4% |
| Trade receivables | 40 | €177,911 | €29,314 | -€148,597 | -83.5% |
| Other amounts receivable | 41 | €29,263 | €2,942 | -€26,321 | -89.9% |
| Cash at bank and in hand | 54/58 | €76,129 | €37,302 | -€38,827 | -51.0% |
| Deferred charges and accrued income | 490/1 | €579 | €186 | -€393 | -67.8% |
| Total equity and liabilities | 10/49 | €474,890 | €621,314 | +€146,424 | +30.8% |
| Equity | 10/15 | €122,801 | €155,788 | +€32,987 | +26.9% |
| Contributions | 10/11 | €107,500 | €107,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,699 | -€30,194 | -€35,893 | |
| Investment grants | 15 | €9,602 | €78,482 | +€68,880 | +717.3% |
| Amounts payable | 17/49 | €352,089 | €465,526 | +€113,437 | +32.2% |
| Amounts payable after more than one year | 17 | €264,593 | €282,436 | +€17,843 | +6.7% |
| Financial debts | 170/4 | €186,593 | €196,658 | +€10,065 | +5.4% |
| Other amounts payable | 178/9 | €78,000 | €85,778 | +€7,778 | +10.0% |
| Amounts payable within one year | 42/48 | €86,967 | €183,090 | +€96,123 | +110.5% |
| Current portion of amounts payable after more than one year | 42 | €33,278 | €86,987 | +€53,709 | +161.4% |
| Trade debts | 44 | €36,820 | €62,198 | +€25,378 | +68.9% |
| Suppliers | 440/4 | €36,820 | €62,198 | +€25,378 | +68.9% |
| Taxes, remuneration and social security | 45 | €6,427 | €17,729 | +€11,302 | +175.9% |
| Taxes | 450/3 | - | €642 | +€642 | |
| Remuneration and social security | 454/9 | €6,427 | €17,087 | +€10,660 | +165.9% |
| Other amounts payable | 47/48 | €10,442 | €16,175 | +€5,733 | +54.9% |
| Accrued charges and deferred income | 492/3 | €529 | - | -€529 | |
| Remuneration, social security and pensions | 62 | €86,012 | €158,294 | +€72,282 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,135 | €86,661 | +€63,526 | +274.6% |
| Other operating charges | 640/8 | €3,162 | €3,806 | +€644 | +20.4% |
| Gross operating margin | 9900 | €176,701 | €220,697 | +€43,996 | +24.9% |
| Operating profit (loss) | 9901 | €64,392 | -€28,065 | -€92,457 | |
| Financial income | 75/76B | €2,501 | €10,787 | +€8,286 | +331.3% |
| Recurring financial income | 75 | €2,501 | €10,787 | +€8,286 | +331.3% |
| Financial charges | 65/66B | €5,873 | €18,614 | +€12,741 | +216.9% |
| Recurring financial charges | 65 | €5,873 | €18,614 | +€12,741 | +216.9% |
| Profit (loss) for the period before taxes | 9903 | €61,020 | -€35,893 | -€96,913 | |
| Profit (loss) for the period | 9904 | €61,020 | -€35,893 | -€96,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,020 | -€35,893 | -€96,913 |
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.