GOGB: 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.
GOGB
Largest movements
- Receivables within one year -€485,000
no longer reported in 2025 (was €485,000)
- Cash -€60,405
down €60,405 (-92.3%), from €65,421 to €5,016
mainly Other debts (-€485,000) and Debts after one year (-€67,821)
- Tangible fixed assets -€20,010
down €20,010 (-3.2%), from €624,160 to €604,150
of which Land and buildings: -€19,073
- Other debts -€485,000
down €485,000 (-78.9%), from €614,548 to €129,548
- Debts after one year -€67,821
down €67,821 (-10.5%), from €645,486 to €577,664
- Profit (loss) carried forward -€14,899
down €14,899, from €1,515 to -€13,384
- Gross operating margin -€514,435
down €514,435 (-94.8%), from €542,897 to €28,462
- Taxes -€197,628
down €197,628 (-99.3%), from €199,001 to €1,373
- Financial charges -€20,074
down €20,074 (-68.2%), from €29,421 to €9,347
- Financial income -€8,272
no longer reported in 2025 (was €8,272)
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 | €1,484,661 | €919,246 | -€565,415 | -38.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €934,240 | €914,230 | -€20,010 | -2.1% |
| Tangible fixed assets | 22/27 | €624,160 | €604,150 | -€20,010 | -3.2% |
| Land and buildings | 22 | €611,382 | €592,309 | -€19,073 | -3.1% |
| Plant, machinery and equipment | 23 | €5,778 | €4,841 | -€937 | -16.2% |
| Furniture and vehicles | 24 | €7,000 | €7,000 | = | 0.0% |
| Financial fixed assets | 28 | €310,080 | €310,080 | = | 0.0% |
| Current assets | 29/58 | €550,421 | €5,016 | -€545,405 | -99.1% |
| Amounts receivable within one year | 40/41 | €485,000 | - | -€485,000 | |
| Other amounts receivable | 41 | €485,000 | - | -€485,000 | |
| Cash at bank and in hand | 54/58 | €65,421 | €5,016 | -€60,405 | -92.3% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €1,484,661 | €919,246 | -€565,415 | -38.1% |
| Equity | 10/15 | €153,975 | €139,076 | -€14,899 | -9.7% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,515 | -€13,384 | -€14,899 | |
| Amounts payable | 17/49 | €1,330,685 | €780,170 | -€550,516 | -41.4% |
| Amounts payable after more than one year | 17 | €645,486 | €577,664 | -€67,821 | -10.5% |
| Financial debts | 170/4 | €645,486 | €577,664 | -€67,821 | -10.5% |
| Amounts payable within one year | 42/48 | €682,533 | €199,854 | -€482,678 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €62,833 | €63,883 | +€1,049 | +1.7% |
| Trade debts | 44 | €1,402 | €6,424 | +€5,022 | +358.2% |
| Suppliers | 440/4 | €1,402 | €6,424 | +€5,022 | +358.2% |
| Taxes, remuneration and social security | 45 | €3,750 | €0 | -€3,750 | -100.0% |
| Taxes | 450/3 | €3,750 | €0 | -€3,750 | -100.0% |
| Other amounts payable | 47/48 | €614,548 | €129,548 | -€485,000 | -78.9% |
| Accrued charges and deferred income | 492/3 | €2,667 | €2,651 | -€16 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,010 | €20,010 | = | 0.0% |
| Other operating charges | 640/8 | €11,232 | €12,632 | +€1,400 | +12.5% |
| Gross operating margin | 9900 | €542,897 | €28,462 | -€514,435 | -94.8% |
| Operating profit (loss) | 9901 | €511,656 | -€4,180 | -€515,835 | |
| Financial income | 75/76B | €8,272 | - | -€8,272 | |
| Recurring financial income | 75 | €8,272 | - | -€8,272 | |
| Financial charges | 65/66B | €29,421 | €9,347 | -€20,074 | -68.2% |
| Recurring financial charges | 65 | €29,421 | €9,347 | -€20,074 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €490,507 | -€13,527 | -€504,033 | |
| Transfer from deferred taxes | 780 | €75,913 | - | -€75,913 | |
| Income taxes | 67/77 | €199,001 | €1,373 | -€197,628 | -99.3% |
| Profit (loss) for the period | 9904 | €367,419 | -€14,899 | -€382,319 | |
| Transfer from tax-exempt reserves | 789 | €227,740 | - | -€227,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €595,160 | -€14,899 | -€610,059 |
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 7 October 2026 via checked.be.