GOFRA: 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.
GOFRA
Largest movements
- Current investments +€1.1m
up €1.1m (+33.3%), from €3.4m to €4.6m
- Cash -€975,494
down €975,494 (-85.9%), from €1.1m to €160,137
mainly Current investments (-€1.1m) and Deferred charges and accrued income (-€946,054)
- Deferred charges and accrued income +€946,054
up €946,054 (+232.2%), from €407,451 to €1.4m
- Tangible fixed assets -€425,407
down €425,407 (-6.1%), from €7.0m to €6.6m
of which Land and buildings: -€398,878
- Profit (loss) carried forward +€513,064
up €513,064 (+3.6%), from €14.2m to €14.7m
- Other debts +€500,000
up €500,000 (+29.3%), from €1.7m to €2.2m
- Provisions -€332,051
down €332,051 (-3.1%), from €10.6m to €10.2m
- Gross operating margin +€78,928
up €78,928 (+5.0%), from €1.6m to €1.7m
- Financial income +€75,733
up €75,733 (+43.0%), from €175,979 to €251,712
of which Financial income: +€69,723
- Taxes +€45,289
up €45,289 (+31.5%), from €143,848 to €189,138
- Other operating charges +€33,480
up €33,480 (+27.9%), from €119,922 to €153,403
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 | €26,797,983 | €27,511,588 | +€713,604 | +2.7% |
| Fixed assets | 21/28 | €21,741,797 | €21,316,389 | -€425,407 | -2.0% |
| Tangible fixed assets | 22/27 | €7,011,465 | €6,586,057 | -€425,407 | -6.1% |
| Land and buildings | 22 | €6,918,973 | €6,520,095 | -€398,878 | -5.8% |
| Furniture and vehicles | 24 | €92,492 | €65,963 | -€26,530 | -28.7% |
| Financial fixed assets | 28 | €14,730,332 | €14,730,332 | = | 0.0% |
| Current assets | 29/58 | €5,056,187 | €6,195,199 | +€1.1m | +22.5% |
| Amounts receivable within one year | 40/41 | €70,054 | €90,986 | +€20,932 | +29.9% |
| Trade receivables | 40 | €7,260 | €14,919 | +€7,659 | +105.5% |
| Other amounts receivable | 41 | €62,795 | €76,067 | +€13,273 | +21.1% |
| Current investments | 50/53 | €3,443,051 | €4,590,571 | +€1.1m | +33.3% |
| Cash at bank and in hand | 54/58 | €1,135,631 | €160,137 | -€975,494 | -85.9% |
| Deferred charges and accrued income | 490/1 | €407,451 | €1,353,505 | +€946,054 | +232.2% |
| Total equity and liabilities | 10/49 | €26,797,983 | €27,511,588 | +€713,604 | +2.7% |
| Equity | 10/15 | €14,229,232 | €14,742,297 | +€513,064 | +3.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,161,582 | €14,674,647 | +€513,064 | +3.6% |
| Provisions and deferred taxes | 16 | €10,555,348 | €10,223,297 | -€332,051 | -3.1% |
| Provisions for liabilities and charges | 160/5 | €10,555,348 | €10,223,297 | -€332,051 | -3.1% |
| Pensions and similar obligations | 160 | - | €10,223,297 | +€10.2m | |
| Other liabilities and charges | 164/5 | €10,555,348 | - | -€10.6m | |
| Amounts payable | 17/49 | €2,013,403 | €2,545,994 | +€532,591 | +26.5% |
| Amounts payable after more than one year | 17 | €164,015 | €164,255 | +€240 | +0.1% |
| Other amounts payable | 178/9 | €164,015 | €164,255 | +€240 | +0.1% |
| Amounts payable within one year | 42/48 | €1,813,688 | €2,350,206 | +€536,519 | +29.6% |
| Trade debts | 44 | €70,203 | €72,107 | +€1,904 | +2.7% |
| Suppliers | 440/4 | €70,203 | €72,107 | +€1,904 | +2.7% |
| Taxes, remuneration and social security | 45 | €36,814 | €71,428 | +€34,615 | +94.0% |
| Taxes | 450/3 | €36,581 | €71,182 | +€34,601 | +94.6% |
| Remuneration and social security | 454/9 | €233 | €246 | +€13 | +5.8% |
| Other amounts payable | 47/48 | €1,706,671 | €2,206,671 | +€500,000 | +29.3% |
| Accrued charges and deferred income | 492/3 | €35,700 | €31,533 | -€4,167 | -11.7% |
| Remuneration, social security and pensions | 62 | €3,825 | €3,938 | +€114 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426,144 | €425,407 | -€736 | -0.2% |
| Other operating charges | 640/8 | €119,922 | €153,403 | +€33,480 | +27.9% |
| Gross operating margin | 9900 | €1,583,309 | €1,662,237 | +€78,928 | +5.0% |
| Operating profit (loss) | 9901 | €1,033,419 | €1,079,488 | +€46,070 | +4.5% |
| Financial income | 75/76B | €175,979 | €251,712 | +€75,733 | +43.0% |
| Recurring financial income | 75 | €114,754 | €184,476 | +€69,723 | +60.8% |
| Non-recurring financial income | 76B | €61,226 | €67,236 | +€6,010 | +9.8% |
| Financial charges | 65/66B | €641,165 | €628,998 | -€12,166 | -1.9% |
| Recurring financial charges | 65 | €614,868 | €624,336 | +€9,468 | +1.5% |
| Non-recurring financial charges | 66B | €26,297 | €4,663 | -€21,634 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €568,233 | €702,202 | +€133,968 | +23.6% |
| Income taxes | 67/77 | €143,848 | €189,138 | +€45,289 | +31.5% |
| Profit (loss) for the period | 9904 | €424,385 | €513,064 | +€88,679 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €424,385 | €513,064 | +€88,679 | +20.9% |
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 4 October 2026 via checked.be.