GOE!: 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.
GOE!
Largest movements
- Cash -€4,321
down €4,321 (-99.1%), from €4,360 to €40
mainly Tax, wage and social debts (-€2,798) and Receivables within one year (-€1,972)
- Receivables within one year +€1,972
up €1,972 (+13.0%), from €15,225 to €17,197
of which Trade receivables: +€1,118
- Tangible fixed assets +€762
new in 2025: €762
- Tax, wage and social debts -€2,798
down €2,798 (-94.5%), from €2,960 to €163
- Trade debts +€2,385
up €2,385 (+114.4%), from €2,085 to €4,470
- Reserves -€1,124
down €1,124 (-16.3%), from €6,891 to €5,767
- Financial charges -€612
down €612 (-26.4%), from €2,323 to €1,711
- Gross operating margin +€596
up €596 (+51.5%), from €1,157 to €1,754
- Other operating charges +€360
up €360 (+93.0%), from €387 to €748
- Depreciation +€257
new in 2025: €257
- Taxes +€35
up €35 (+27.0%), from €128 to €163
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 | €19,586 | €17,998 | -€1,587 | -8.1% |
| Fixed assets | 21/28 | - | €762 | +€762 | |
| Tangible fixed assets | 22/27 | - | €762 | +€762 | |
| Furniture and vehicles | 24 | - | €762 | +€762 | |
| Current assets | 29/58 | €19,586 | €17,237 | -€2,349 | -12.0% |
| Amounts receivable within one year | 40/41 | €15,225 | €17,197 | +€1,972 | +13.0% |
| Trade receivables | 40 | €13,470 | €14,588 | +€1,118 | +8.3% |
| Other amounts receivable | 41 | €1,755 | €2,610 | +€854 | +48.7% |
| Cash at bank and in hand | 54/58 | €4,360 | €40 | -€4,321 | -99.1% |
| Total equity and liabilities | 10/49 | €19,586 | €17,998 | -€1,587 | -8.1% |
| Equity | 10/15 | €9,891 | €8,767 | -€1,124 | -11.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,891 | €5,767 | -€1,124 | -16.3% |
| Distributable reserves | 133 | €6,891 | €5,767 | -€1,124 | -16.3% |
| Amounts payable | 17/49 | €9,695 | €9,231 | -€463 | -4.8% |
| Amounts payable within one year | 42/48 | €9,356 | €8,969 | -€387 | -4.1% |
| Trade debts | 44 | €2,085 | €4,470 | +€2,385 | +114.4% |
| Suppliers | 440/4 | €2,085 | €4,470 | +€2,385 | +114.4% |
| Taxes, remuneration and social security | 45 | €2,960 | €163 | -€2,798 | -94.5% |
| Taxes | 450/3 | €2,960 | €163 | -€2,798 | -94.5% |
| Other amounts payable | 47/48 | €4,311 | €4,337 | +€26 | +0.6% |
| Accrued charges and deferred income | 492/3 | €339 | €262 | -€77 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €257 | +€257 | |
| Other operating charges | 640/8 | €387 | €748 | +€360 | +93.0% |
| Gross operating margin | 9900 | €1,157 | €1,754 | +€596 | +51.5% |
| Operating profit (loss) | 9901 | €770 | €749 | -€21 | -2.7% |
| Financial charges | 65/66B | €2,323 | €1,711 | -€612 | -26.4% |
| Recurring financial charges | 65 | €2,323 | €1,711 | -€612 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,553 | -€961 | +€592 | +38.1% |
| Income taxes | 67/77 | €128 | €163 | +€35 | +27.0% |
| Profit (loss) for the period | 9904 | -€1,681 | -€1,124 | +€557 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,681 | -€1,124 | +€557 | +33.1% |
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 2 October 2026 via checked.be.