Gocom Management: 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.
Gocom Management
Largest movements
- Current investments +€168,005
up €168,005 (+8.8%), from €1.9m to €2.1m
- Cash +€134,022
up €134,022 (+77.8%), from €172,339 to €306,362
mainly Net result for the year (+€270,829) and Depreciation (+€46,195)
- Receivables within one year +€42,177
up €42,177 (+49.9%), from €84,446 to €126,623
of which Other amounts receivable: +€56,041
- Tangible fixed assets -€31,618
down €31,618 (-5.8%), from €549,283 to €517,665
of which Other tangible fixed assets: -€42,014
- Reserves +€240,829
up €240,829 (+8.8%), from €2.7m to €3.0m
of which Distributable reserves: +€240,829
- Financial income +€208,733
up €208,733 (+1,090%), from €19,147 to €227,880
- Gross operating margin -€91,734
down €91,734 (-37.3%), from €246,025 to €154,291
- Taxes -€16,354
down €16,354 (-47.2%), from €34,684 to €18,330
- Depreciation -€8,606
down €8,606 (-15.7%), from €54,802 to €46,195
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 | €2,777,978 | €3,061,019 | +€283,041 | +10.2% |
| Fixed assets | 21/28 | €607,401 | €549,769 | -€57,631 | -9.5% |
| Intangible fixed assets | 21 | €57,788 | €32,104 | -€25,683 | -44.4% |
| Tangible fixed assets | 22/27 | €549,283 | €517,665 | -€31,618 | -5.8% |
| Plant, machinery and equipment | 23 | €368 | €10,866 | +€10,498 | +2,857% |
| Furniture and vehicles | 24 | €22,818 | €22,716 | -€102 | -0.4% |
| Other tangible fixed assets | 26 | €526,097 | €484,084 | -€42,014 | -8.0% |
| Financial fixed assets | 28 | €330 | - | -€330 | |
| Current assets | 29/58 | €2,170,577 | €2,511,250 | +€340,673 | +15.7% |
| Amounts receivable within one year | 40/41 | €84,446 | €126,623 | +€42,177 | +49.9% |
| Trade receivables | 40 | €78,946 | €65,082 | -€13,864 | -17.6% |
| Other amounts receivable | 41 | €5,500 | €61,541 | +€56,041 | +1,019% |
| Current investments | 50/53 | €1,908,277 | €2,076,282 | +€168,005 | +8.8% |
| Cash at bank and in hand | 54/58 | €172,339 | €306,362 | +€134,022 | +77.8% |
| Deferred charges and accrued income | 490/1 | €5,514 | €1,983 | -€3,531 | -64.0% |
| Total equity and liabilities | 10/49 | €2,777,978 | €3,061,019 | +€283,041 | +10.2% |
| Equity | 10/15 | €2,740,833 | €2,981,661 | +€240,829 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,722,233 | €2,963,061 | +€240,829 | +8.8% |
| Non-distributable reserves | 130/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000,000 | €1,000,000 | = | 0.0% |
| Distributable reserves | 133 | €1,722,233 | €1,963,061 | +€240,829 | +14.0% |
| Amounts payable | 17/49 | €37,145 | €79,358 | +€42,213 | +114% |
| Amounts payable within one year | 42/48 | €37,145 | €79,358 | +€42,213 | +114% |
| Trade debts | 44 | €20,186 | €30,112 | +€9,925 | +49.2% |
| Suppliers | 440/4 | €20,186 | €30,112 | +€9,925 | +49.2% |
| Taxes, remuneration and social security | 45 | €10,204 | €15,678 | +€5,475 | +53.7% |
| Taxes | 450/3 | €10,204 | €15,678 | +€5,475 | +53.7% |
| Other amounts payable | 47/48 | €6,755 | €33,568 | +€26,813 | +397% |
| Non-recurring operating income | 76A | €29,091 | - | -€29,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,802 | €46,195 | -€8,606 | -15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €330 | +€330 | |
| Other operating charges | 640/8 | €7,442 | €7,693 | +€252 | +3.4% |
| Non-recurring operating charges | 66A | - | €29,618 | +€29,618 | |
| Gross operating margin | 9900 | €246,025 | €154,291 | -€91,734 | -37.3% |
| Operating profit (loss) | 9901 | €183,782 | €70,454 | -€113,327 | -61.7% |
| Financial income | 75/76B | €19,147 | €227,880 | +€208,733 | +1,090% |
| Recurring financial income | 75 | €19,147 | €227,880 | +€208,733 | +1,090% |
| Financial charges | 65/66B | €7,833 | €9,176 | +€1,343 | +17.1% |
| Recurring financial charges | 65 | €7,833 | €9,176 | +€1,343 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €195,096 | €289,158 | +€94,062 | +48.2% |
| Income taxes | 67/77 | €34,684 | €18,330 | -€16,354 | -47.2% |
| Profit (loss) for the period | 9904 | €160,412 | €270,829 | +€110,417 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €160,412 | €270,829 | +€110,417 | +68.8% |
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 20 October 2026 via checked.be.