GOFISCA: 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.
GOFISCA
Largest movements
- Receivables within one year +€81,153
up €81,153 (+203.3%), from €39,910 to €121,064
of which Other amounts receivable: +€86,634
- Tangible fixed assets +€26,456
up €26,456 (+2883.9%), from €917 to €27,373
of which Other tangible fixed assets: +€26,795
- Cash +€7,339
up €7,339 (+138.5%), from €5,299 to €12,638
mainly Net result for the year (+€44,228) and Debts after one year (+€29,908)
- Reserves +€44,228
up €44,228 (+143.5%), from €30,823 to €75,051
- Debts after one year +€29,908
new in 2025: €29,908
- Trade debts +€25,410
new in 2025: €25,410
- Tax, wage and social debts +€12,922
up €12,922 (+97.1%), from €13,304 to €26,226
of which Taxes: +€12,386
- Current portion of long-term debt +€3,087
new in 2025: €3,087
- Gross operating margin +€19,007
up €19,007 (+48.9%), from €38,835 to €57,842
- Taxes +€3,964
up €3,964 (+46.8%), from €8,462 to €12,425
- Financial income +€2,979
up €2,979 (+360.8%), from €826 to €3,804
- Financial charges +€2,316
up €2,316 (+1041.4%), from €222 to €2,538
- Depreciation +€1,463
up €1,463 (+1435.2%), from €102 to €1,565
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 | €46,127 | €161,683 | +€115,556 | +250.5% |
| Fixed assets | 21/28 | €917 | €27,373 | +€26,456 | +2883.9% |
| Tangible fixed assets | 22/27 | €917 | €27,373 | +€26,456 | +2883.9% |
| Plant, machinery and equipment | 23 | €917 | €578 | -€340 | -37.0% |
| Other tangible fixed assets | 26 | - | €26,795 | +€26,795 | |
| Current assets | 29/58 | €45,209 | €134,310 | +€89,100 | +197.1% |
| Amounts receivable within one year | 40/41 | €39,910 | €121,064 | +€81,153 | +203.3% |
| Trade receivables | 40 | €12,827 | €7,347 | -€5,481 | -42.7% |
| Other amounts receivable | 41 | €27,083 | €113,717 | +€86,634 | +319.9% |
| Cash at bank and in hand | 54/58 | €5,299 | €12,638 | +€7,339 | +138.5% |
| Deferred charges and accrued income | 490/1 | - | €608 | +€608 | |
| Total equity and liabilities | 10/49 | €46,127 | €161,683 | +€115,556 | +250.5% |
| Equity | 10/15 | €32,823 | €77,051 | +€44,228 | +134.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,823 | €75,051 | +€44,228 | +143.5% |
| Distributable reserves | 133 | €30,823 | €75,051 | +€44,228 | +143.5% |
| Amounts payable | 17/49 | €13,304 | €84,631 | +€71,328 | +536.1% |
| Amounts payable after more than one year | 17 | - | €29,908 | +€29,908 | |
| Financial debts | 170/4 | - | €29,908 | +€29,908 | |
| Amounts payable within one year | 42/48 | €13,304 | €54,723 | +€41,420 | +311.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,087 | +€3,087 | |
| Trade debts | 44 | - | €25,410 | +€25,410 | |
| Suppliers | 440/4 | €0 | €25,410 | +€25,410 | |
| Taxes, remuneration and social security | 45 | €13,304 | €26,226 | +€12,922 | +97.1% |
| Taxes | 450/3 | €13,304 | €25,690 | +€12,386 | +93.1% |
| Remuneration and social security | 454/9 | - | €536 | +€536 | |
| Remuneration, social security and pensions | 62 | - | €734 | +€734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102 | €1,565 | +€1,463 | +1435.2% |
| Other operating charges | 640/8 | €52 | €26 | -€26 | -50.2% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €38,835 | €57,842 | +€19,007 | +48.9% |
| Operating profit (loss) | 9901 | €38,681 | €55,388 | +€16,706 | +43.2% |
| Financial income | 75/76B | €826 | €3,804 | +€2,979 | +360.8% |
| Recurring financial income | 75 | €826 | €3,804 | +€2,979 | +360.8% |
| Financial charges | 65/66B | €222 | €2,538 | +€2,316 | +1041.4% |
| Recurring financial charges | 65 | €222 | €2,538 | +€2,316 | +1041.4% |
| Profit (loss) for the period before taxes | 9903 | €39,284 | €56,654 | +€17,369 | +44.2% |
| Income taxes | 67/77 | €8,462 | €12,425 | +€3,964 | +46.8% |
| Profit (loss) for the period | 9904 | €30,823 | €44,228 | +€13,406 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,823 | €44,228 | +€13,406 | +43.5% |
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 11 October 2026 via checked.be.