GOFIMCO: 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.
GOFIMCO
Largest movements
- Receivables within one year -€5,125
down €5,125 (-71.6%), from €7,155 to €2,031
of which Trade receivables: -€7,018
- Tangible fixed assets -€880
down €880 (-24.7%), from €3,563 to €2,683
- Cash -€256
down €256 (-2.6%), from €9,711 to €9,455
mainly Net result for the year (-€32,840) and Tax, wage and social debts (-€6,512)
- Profit (loss) carried forward -€32,840
down €32,840 (-71.7%), from -€45,783 to -€78,624
- Other debts +€27,829
up €27,829 (+75.7%), from €36,769 to €64,598
- Tax, wage and social debts -€6,512
down €6,512 (-80.5%), from €8,086 to €1,574
- Trade debts +€5,243
up €5,243 (+2202.9%), from €238 to €5,481
- Gross operating margin -€20,879
down €20,879 (-275.3%), from -€7,583 to -€28,462
- Taxes +€307
up €307 (+51.2%), from €600 to €907
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 | €20,429 | €14,169 | -€6,261 | -30.6% |
| Fixed assets | 21/28 | €3,563 | €2,683 | -€880 | -24.7% |
| Tangible fixed assets | 22/27 | €3,563 | €2,683 | -€880 | -24.7% |
| Furniture and vehicles | 24 | €3,563 | €2,683 | -€880 | -24.7% |
| Current assets | 29/58 | €16,866 | €11,485 | -€5,381 | -31.9% |
| Amounts receivable within one year | 40/41 | €7,155 | €2,031 | -€5,125 | -71.6% |
| Trade receivables | 40 | €7,018 | €0 | -€7,018 | -100.0% |
| Other amounts receivable | 41 | €137 | €2,031 | +€1,893 | +1377.5% |
| Cash at bank and in hand | 54/58 | €9,711 | €9,455 | -€256 | -2.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €20,429 | €14,169 | -€6,261 | -30.6% |
| Equity | 10/15 | -€25,783 | -€58,624 | -€32,840 | -127.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,783 | -€78,624 | -€32,840 | -71.7% |
| Amounts payable | 17/49 | €46,213 | €72,792 | +€26,580 | +57.5% |
| Amounts payable within one year | 42/48 | €45,093 | €71,654 | +€26,561 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €238 | €5,481 | +€5,243 | +2202.9% |
| Suppliers | 440/4 | €238 | €5,481 | +€5,243 | +2202.9% |
| Taxes, remuneration and social security | 45 | €8,086 | €1,574 | -€6,512 | -80.5% |
| Taxes | 450/3 | €8,086 | €1,574 | -€6,512 | -80.5% |
| Other amounts payable | 47/48 | €36,769 | €64,598 | +€27,829 | +75.7% |
| Accrued charges and deferred income | 492/3 | €1,120 | €1,139 | +€19 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €880 | = | 0.0% |
| Other operating charges | 640/8 | €2,241 | €2,509 | +€268 | +12.0% |
| Gross operating margin | 9900 | -€7,583 | -€28,462 | -€20,879 | -275.3% |
| Operating profit (loss) | 9901 | -€10,703 | -€31,851 | -€21,147 | -197.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €143 | €83 | -€60 | -41.8% |
| Recurring financial charges | 65 | €143 | €83 | -€60 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,846 | -€31,934 | -€21,088 | -194.4% |
| Income taxes | 67/77 | €600 | €907 | +€307 | +51.2% |
| Profit (loss) for the period | 9904 | -€11,446 | -€32,840 | -€21,394 | -186.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,446 | -€32,840 | -€21,394 | -186.9% |
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.