GoCreate: 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.
GoCreate
Largest movements
- Receivables within one year +€110,958
up €110,958 (+61.7%), from €179,806 to €290,764
of which Trade receivables: +€120,220
- Stocks and contracts -€31,677
down €31,677 (-100%), from €31,677 to €0
- Cash -€24,990
down €24,990 (-70.5%), from €35,467 to €10,477
mainly Receivables within one year (-€110,958) and Current portion of long-term debt (-€68,955)
- Tangible fixed assets -€16,999
down €16,999 (-31.5%), from €53,888 to €36,889
of which Furniture and vehicles: -€15,781
- Current portion of long-term debt -€68,955
down €68,955 (-59.2%), from €116,481 to €47,526
- Profit (loss) carried forward +€64,384
up €64,384, from -€39,887 to €24,498
- Advances received -€59,440
down €59,440 (-100%), from €59,440 to €0
- Tax, wage and social debts +€45,844
up €45,844 (+151%), from €30,351 to €76,195
of which Taxes: +€33,937
- Short-term financial debts +€32,073
up €32,073 (+955%), from €3,360 to €35,433
- Gross operating margin +€232,309
up €232,309 (+156%), from €148,755 to €381,063
- Staff costs +€96,896
up €96,896 (+57.6%), from €168,235 to €265,131
- Depreciation +€15,311
up €15,311 (+177%), from €8,637 to €23,948
- Taxes +€13,952
up €13,952 (+6,008%), from €232 to €14,184
- Financial charges +€5,062
up €5,062 (+65.6%), from €7,717 to €12,779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,723 | €338,259 | +€36,535 | +12.1% |
| Fixed assets | 21/28 | €53,888 | €36,889 | -€16,999 | -31.5% |
| Tangible fixed assets | 22/27 | €53,888 | €36,889 | -€16,999 | -31.5% |
| Plant, machinery and equipment | 23 | €809 | €264 | -€546 | -67.4% |
| Furniture and vehicles | 24 | €47,502 | €31,721 | -€15,781 | -33.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,576 | €4,904 | -€672 | -12.1% |
| Current assets | 29/58 | €247,835 | €301,370 | +€53,534 | +21.6% |
| Stocks and contracts in progress | 3 | €31,677 | €0 | -€31,677 | -100% |
| Stocks | 30/36 | €31,677 | €0 | -€31,677 | -100% |
| Amounts receivable within one year | 40/41 | €179,806 | €290,764 | +€110,958 | +61.7% |
| Trade receivables | 40 | €156,708 | €276,929 | +€120,220 | +76.7% |
| Other amounts receivable | 41 | €23,098 | €13,835 | -€9,262 | -40.1% |
| Cash at bank and in hand | 54/58 | €35,467 | €10,477 | -€24,990 | -70.5% |
| Deferred charges and accrued income | 490/1 | €885 | €129 | -€757 | -85.5% |
| Total equity and liabilities | 10/49 | €301,723 | €338,259 | +€36,535 | +12.1% |
| Equity | 10/15 | €23,008 | €87,392 | +€64,384 | +280% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,495 | €50,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,635 | €48,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,887 | €24,498 | +€64,384 | |
| Amounts payable | 17/49 | €278,715 | €250,866 | -€27,849 | -10.0% |
| Amounts payable after more than one year | 17 | €128 | €27,997 | +€27,869 | +21,694% |
| Financial debts | 170/4 | €128 | €27,997 | +€27,869 | +21,694% |
| Amounts payable within one year | 42/48 | €275,846 | €212,669 | -€63,177 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €116,481 | €47,526 | -€68,955 | -59.2% |
| Financial debts | 43 | €3,360 | €35,433 | +€32,073 | +955% |
| Credit institutions | 430/8 | €3,360 | €35,433 | +€32,073 | +955% |
| Trade debts | 44 | €41,214 | €28,515 | -€12,699 | -30.8% |
| Suppliers | 440/4 | €41,214 | €28,515 | -€12,699 | -30.8% |
| Advances received on contracts in progress | 46 | €59,440 | €0 | -€59,440 | -100% |
| Taxes, remuneration and social security | 45 | €30,351 | €76,195 | +€45,844 | +151% |
| Taxes | 450/3 | €0 | €33,937 | +€33,937 | |
| Remuneration and social security | 454/9 | €30,351 | €42,258 | +€11,907 | +39.2% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,740 | €10,200 | +€7,460 | +272% |
| Remuneration, social security and pensions | 62 | €168,235 | €265,131 | +€96,896 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,637 | €23,948 | +€15,311 | +177% |
| Other operating charges | 640/8 | €4,451 | €1,122 | -€3,329 | -74.8% |
| Gross operating margin | 9900 | €148,755 | €381,063 | +€232,309 | +156% |
| Operating profit (loss) | 9901 | -€32,568 | €90,862 | +€123,430 | |
| Financial income | 75/76B | €320 | €486 | +€166 | +51.7% |
| Recurring financial income | 75 | €320 | €486 | +€166 | +51.7% |
| Financial charges | 65/66B | €7,717 | €12,779 | +€5,062 | +65.6% |
| Recurring financial charges | 65 | €7,717 | €12,779 | +€5,062 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,965 | €78,569 | +€118,533 | |
| Income taxes | 67/77 | €232 | €14,184 | +€13,952 | +6,008% |
| Profit (loss) for the period | 9904 | -€40,197 | €64,384 | +€104,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,197 | €64,384 | +€104,581 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.