GOFRE: 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.
GOFRE
Largest movements
- Cash -€58,848
down €58,848 (-83.1%), from €70,784 to €11,937
mainly Current investments (-€35,000) and Net result for the year (-€33,628)
- Tangible fixed assets -€39,123
down €39,123 (-10.6%), from €368,837 to €329,715
of which Land and buildings: -€22,299
- Current investments +€35,000
new in 2024: €35,000
- Deferred charges and accrued income +€33,005
up €33,005 (+1022.7%), from €3,227 to €36,232
- Receivables within one year -€4,742
down €4,742 (-31.1%), from €15,238 to €10,496
of which Trade receivables: -€10,388
- Profit (loss) carried forward -€33,628
down €33,628 (-84.9%), from €39,587 to €5,960
- Trade debts +€29,268
up €29,268 (+182.8%), from €16,011 to €45,279
- Debts after one year -€18,822
down €18,822 (-7.8%), from €240,818 to €221,996
- Accrued charges and deferred income -€7,000
no longer reported in 2024 (was €7,000)
- Gross operating margin -€53,585
down €53,585 (-81.9%), from €65,450 to €11,865
- Depreciation +€6,195
up €6,195 (+18.8%), from €32,928 to €39,123
- Taxes -€1,025
down €1,025 (-85.5%), from €1,199 to €174
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,230 | €423,521 | -€34,708 | -7.6% |
| Fixed assets | 21/28 | €368,980 | €329,857 | -€39,123 | -10.6% |
| Tangible fixed assets | 22/27 | €368,837 | €329,715 | -€39,123 | -10.6% |
| Land and buildings | 22 | €303,059 | €280,760 | -€22,299 | -7.4% |
| Plant, machinery and equipment | 23 | €17,372 | €15,198 | -€2,174 | -12.5% |
| Furniture and vehicles | 24 | €48,406 | €33,756 | -€14,650 | -30.3% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €89,250 | €93,664 | +€4,414 | +4.9% |
| Amounts receivable within one year | 40/41 | €15,238 | €10,496 | -€4,742 | -31.1% |
| Trade receivables | 40 | €14,003 | €3,615 | -€10,388 | -74.2% |
| Other amounts receivable | 41 | €1,236 | €6,881 | +€5,645 | +456.8% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €70,784 | €11,937 | -€58,848 | -83.1% |
| Deferred charges and accrued income | 490/1 | €3,227 | €36,232 | +€33,005 | +1022.7% |
| Total equity and liabilities | 10/49 | €458,230 | €423,521 | -€34,708 | -7.6% |
| Equity | 10/15 | €160,375 | €126,747 | -€33,628 | -21.0% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Outside capital | 11 | €22,500 | €22,500 | = | 0.0% |
| Other | 1109/19 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €98,287 | €98,287 | = | 0.0% |
| Distributable reserves | 133 | €98,287 | €98,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,587 | €5,960 | -€33,628 | -84.9% |
| Amounts payable | 17/49 | €297,855 | €296,774 | -€1,081 | -0.4% |
| Amounts payable after more than one year | 17 | €240,818 | €221,996 | -€18,822 | -7.8% |
| Financial debts | 170/4 | €240,818 | €221,996 | -€18,822 | -7.8% |
| Amounts payable within one year | 42/48 | €50,038 | €74,778 | +€24,741 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €18,530 | €18,822 | +€291 | +1.6% |
| Trade debts | 44 | €16,011 | €45,279 | +€29,268 | +182.8% |
| Suppliers | 440/4 | €16,011 | €45,279 | +€29,268 | +182.8% |
| Taxes, remuneration and social security | 45 | €3,944 | €125 | -€3,819 | -96.8% |
| Taxes | 450/3 | €3,944 | €125 | -€3,819 | -96.8% |
| Other amounts payable | 47/48 | €11,553 | €10,553 | -€1,000 | -8.7% |
| Accrued charges and deferred income | 492/3 | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,928 | €39,123 | +€6,195 | +18.8% |
| Other operating charges | 640/8 | €1,906 | €1,886 | -€20 | -1.1% |
| Gross operating margin | 9900 | €65,450 | €11,865 | -€53,585 | -81.9% |
| Operating profit (loss) | 9901 | €30,616 | -€29,144 | -€59,760 | |
| Financial income | 75/76B | €547 | €163 | -€384 | -70.3% |
| Recurring financial income | 75 | €547 | €163 | -€384 | -70.3% |
| Financial charges | 65/66B | €4,935 | €4,473 | -€462 | -9.4% |
| Recurring financial charges | 65 | €4,935 | €4,473 | -€462 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €26,228 | -€33,454 | -€59,681 | |
| Income taxes | 67/77 | €1,199 | €174 | -€1,025 | -85.5% |
| Profit (loss) for the period | 9904 | €25,029 | -€33,628 | -€58,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,029 | -€33,628 | -€58,656 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.