Gocrescendo: 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.
Gocrescendo
Largest movements
- Cash +€23,827
up €23,827 (+44.7%), from €53,284 to €77,111
mainly Net result for the year (+€49,925) and Other debts (+€37,721)
- Tangible fixed assets -€13,955
down €13,955 (-28.0%), from €49,927 to €35,972
- Receivables within one year +€5,566
up €5,566 (+31.3%), from €17,791 to €23,358
of which Trade receivables: +€8,027
- Other debts +€37,721
up €37,721 (+62.9%), from €60,000 to €97,721
- Reserves -€30,075
down €30,075 (-77.5%), from €38,813 to €8,738
- Tax, wage and social debts +€9,262
up €9,262 (+123%), from €7,536 to €16,798
- Current portion of long-term debt -€3,342
down €3,342 (-100%), from €3,342 to €0
- Trade debts +€1,952
up €1,952 (+64.9%), from €3,006 to €4,958
- Gross operating margin -€10,848
down €10,848 (-11.6%), from €93,639 to €82,791
- Depreciation -€6,320
down €6,320 (-33.5%), from €18,864 to €12,544
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 | €122,697 | €138,216 | +€15,519 | +12.6% |
| Fixed assets | 21/28 | €49,927 | €35,972 | -€13,955 | -28.0% |
| Tangible fixed assets | 22/27 | €49,927 | €35,972 | -€13,955 | -28.0% |
| Plant, machinery and equipment | 23 | €8,246 | €6,074 | -€2,171 | -26.3% |
| Furniture and vehicles | 24 | €22,976 | €16,998 | -€5,979 | -26.0% |
| Leasing and similar rights | 25 | €3,648 | €0 | -€3,648 | -100% |
| Other tangible fixed assets | 26 | €15,058 | €12,901 | -€2,157 | -14.3% |
| Current assets | 29/58 | €72,770 | €102,243 | +€29,473 | +40.5% |
| Amounts receivable within one year | 40/41 | €17,791 | €23,358 | +€5,566 | +31.3% |
| Trade receivables | 40 | €15,269 | €23,296 | +€8,027 | +52.6% |
| Other amounts receivable | 41 | €2,522 | €61 | -€2,461 | -97.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,284 | €77,111 | +€23,827 | +44.7% |
| Deferred charges and accrued income | 490/1 | €1,695 | €1,774 | +€80 | +4.7% |
| Total equity and liabilities | 10/49 | €122,697 | €138,216 | +€15,519 | +12.6% |
| Equity | 10/15 | €48,813 | €18,738 | -€30,075 | -61.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €38,813 | €8,738 | -€30,075 | -77.5% |
| Distributable reserves | 133 | €38,813 | €8,738 | -€30,075 | -77.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,884 | €119,478 | +€45,594 | +61.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,884 | €119,478 | +€45,594 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €3,342 | €0 | -€3,342 | -100% |
| Trade debts | 44 | €3,006 | €4,958 | +€1,952 | +64.9% |
| Suppliers | 440/4 | €3,006 | €4,958 | +€1,952 | +64.9% |
| Taxes, remuneration and social security | 45 | €7,536 | €16,798 | +€9,262 | +123% |
| Taxes | 450/3 | €7,536 | €16,798 | +€9,262 | +123% |
| Other amounts payable | 47/48 | €60,000 | €97,721 | +€37,721 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,864 | €12,544 | -€6,320 | -33.5% |
| Other operating charges | 640/8 | €1,578 | €1,098 | -€480 | -30.4% |
| Non-recurring operating charges | 66A | - | €3,648 | +€3,648 | |
| Gross operating margin | 9900 | €93,639 | €82,791 | -€10,848 | -11.6% |
| Operating profit (loss) | 9901 | €73,197 | €65,501 | -€7,696 | -10.5% |
| Financial income | 75/76B | €578 | €185 | -€393 | -68.0% |
| Recurring financial income | 75 | €578 | €185 | -€393 | -68.0% |
| Financial charges | 65/66B | €743 | €254 | -€489 | -65.9% |
| Recurring financial charges | 65 | €743 | €254 | -€489 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €73,032 | €65,432 | -€7,600 | -10.4% |
| Income taxes | 67/77 | €15,814 | €15,507 | -€307 | -1.9% |
| Profit (loss) for the period | 9904 | €57,218 | €49,925 | -€7,293 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,218 | €49,925 | -€7,293 | -12.7% |
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 15 October 2026 via checked.be.