Gocon: 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.
Gocon
Largest movements
- Tangible fixed assets +€180,677
up €180,677 (+42.0%), from €430,285 to €610,962
of which Land and buildings: +€209,257
- Cash +€128,058
up €128,058 (+165.2%), from €77,535 to €205,593
mainly Other debts (+€126,150) and Debts after one year (+€107,521)
- Stocks and contracts +€38,408
up €38,408 (+518.6%), from €7,406 to €45,814
- Receivables within one year +€24,212
up €24,212 (+8.2%), from €295,454 to €319,666
of which Other amounts receivable: +€24,602
- Other debts +€126,150
up €126,150 (+43.1%), from €292,689 to €418,839
- Debts after one year +€107,521
up €107,521 (+42.7%), from €252,039 to €359,560
- Reserves +€106,554
up €106,554 (+91.5%), from €116,410 to €222,964
- Trade debts +€48,232
up €48,232 (+71.1%), from €67,828 to €116,060
- Tax, wage and social debts -€26,303
down €26,303 (-84.1%), from €31,273 to €4,970
- Gross operating margin +€44,734
up €44,734 (+25.9%), from €172,404 to €217,138
- Depreciation +€14,222
up €14,222 (+38.5%), from €36,980 to €51,202
- Taxes +€4,577
up €4,577 (+11.0%), from €41,435 to €46,012
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 | €812,841 | €1,184,592 | +€371,751 | +45.7% |
| Fixed assets | 21/28 | €430,285 | €610,962 | +€180,677 | +42.0% |
| Tangible fixed assets | 22/27 | €430,285 | €610,962 | +€180,677 | +42.0% |
| Land and buildings | 22 | €332,418 | €541,675 | +€209,257 | +62.9% |
| Plant, machinery and equipment | 23 | €3,716 | €2,193 | -€1,523 | -41.0% |
| Furniture and vehicles | 24 | €94,151 | €67,094 | -€27,057 | -28.7% |
| Current assets | 29/58 | €382,556 | €573,630 | +€191,074 | +49.9% |
| Stocks and contracts in progress | 3 | €7,406 | €45,814 | +€38,408 | +518.6% |
| Stocks | 30/36 | €7,406 | €45,814 | +€38,408 | +518.6% |
| Amounts receivable within one year | 40/41 | €295,454 | €319,666 | +€24,212 | +8.2% |
| Trade receivables | 40 | €295,454 | €295,065 | -€389 | -0.1% |
| Other amounts receivable | 41 | - | €24,602 | +€24,602 | |
| Cash at bank and in hand | 54/58 | €77,535 | €205,593 | +€128,058 | +165.2% |
| Deferred charges and accrued income | 490/1 | €2,161 | €2,557 | +€396 | +18.3% |
| Total equity and liabilities | 10/49 | €812,841 | €1,184,592 | +€371,751 | +45.7% |
| Equity | 10/15 | €141,756 | €248,310 | +€106,554 | +75.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €116,410 | €222,964 | +€106,554 | +91.5% |
| Distributable reserves | 133 | €116,410 | €222,964 | +€106,554 | +91.5% |
| Profit (loss) carried forward | 14 | €11,086 | €11,086 | = | 0.0% |
| Amounts payable | 17/49 | €671,085 | €936,282 | +€265,197 | +39.5% |
| Amounts payable after more than one year | 17 | €252,039 | €359,560 | +€107,521 | +42.7% |
| Financial debts | 170/4 | €252,039 | €359,560 | +€107,521 | +42.7% |
| Amounts payable within one year | 42/48 | €416,083 | €573,758 | +€157,676 | +37.9% |
| Current portion of amounts payable after more than one year | 42 | €24,293 | €33,890 | +€9,597 | +39.5% |
| Trade debts | 44 | €67,828 | €116,060 | +€48,232 | +71.1% |
| Suppliers | 440/4 | €67,828 | €116,060 | +€48,232 | +71.1% |
| Taxes, remuneration and social security | 45 | €31,273 | €4,970 | -€26,303 | -84.1% |
| Taxes | 450/3 | €31,273 | €4,970 | -€26,303 | -84.1% |
| Other amounts payable | 47/48 | €292,689 | €418,839 | +€126,150 | +43.1% |
| Accrued charges and deferred income | 492/3 | €2,963 | €2,963 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,980 | €51,202 | +€14,222 | +38.5% |
| Other operating charges | 640/8 | €2,818 | €4,013 | +€1,194 | +42.4% |
| Gross operating margin | 9900 | €172,404 | €217,138 | +€44,734 | +25.9% |
| Operating profit (loss) | 9901 | €132,605 | €161,923 | +€29,318 | +22.1% |
| Financial income | 75/76B | €334 | €74 | -€259 | -77.7% |
| Recurring financial income | 75 | €334 | €74 | -€259 | -77.7% |
| Financial charges | 65/66B | €8,486 | €9,432 | +€946 | +11.1% |
| Recurring financial charges | 65 | €8,486 | €9,432 | +€946 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €124,453 | €152,566 | +€28,113 | +22.6% |
| Income taxes | 67/77 | €41,435 | €46,012 | +€4,577 | +11.0% |
| Profit (loss) for the period | 9904 | €83,018 | €106,554 | +€23,536 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,018 | €106,554 | +€23,536 | +28.4% |
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 5 October 2026 via checked.be.