Gogo! Projects: 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.
Gogo! Projects
Largest movements
- Cash +€41,945
up €41,945 (+82.0%), from €51,166 to €93,111
mainly Receivables within one year (+€29,245) and Net result for the year (+€26,382)
- Receivables within one year -€29,245
down €29,245 (-50.1%), from €58,414 to €29,169
of which Trade receivables: -€23,773
- Tangible fixed assets -€27,075
down €27,075 (-9.0%), from €300,624 to €273,549
of which Land and buildings: -€13,846
- Stocks and contracts -€5,395
down €5,395 (-65.3%), from €8,267 to €2,873
- Debts after one year -€33,941
no longer reported in 2025 (was €33,941)
- Reserves +€20,066
up €20,066 (+6.6%), from €301,867 to €321,933
of which Distributable reserves: +€27,762
- Current portion of long-term debt -€6,566
down €6,566 (-16.3%), from €40,343 to €33,777
- Financial income -€16,029
down €16,029 (-98.6%), from €16,260 to €232
of which Non-recurring financial income: -€16,019
- Gross operating margin +€3,936
up €3,936 (+5.6%), from €70,220 to €74,156
- Other operating charges -€2,543
down €2,543 (-43.9%), from €5,793 to €3,251
- Financial charges -€2,490
down €2,490 (-52.5%), from €4,740 to €2,250
- Taxes +€2,059
up €2,059 (+13.8%), from €14,919 to €16,978
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 | €427,639 | €406,645 | -€20,994 | -4.9% |
| Fixed assets | 21/28 | €300,624 | €273,549 | -€27,075 | -9.0% |
| Tangible fixed assets | 22/27 | €300,624 | €273,549 | -€27,075 | -9.0% |
| Land and buildings | 22 | €247,933 | €234,087 | -€13,846 | -5.6% |
| Plant, machinery and equipment | 23 | €41,128 | €33,957 | -€7,171 | -17.4% |
| Furniture and vehicles | 24 | €11,563 | €5,505 | -€6,058 | -52.4% |
| Current assets | 29/58 | €127,015 | €133,096 | +€6,081 | +4.8% |
| Stocks and contracts in progress | 3 | €8,267 | €2,873 | -€5,395 | -65.3% |
| Stocks | 30/36 | €8,267 | €2,873 | -€5,395 | -65.3% |
| Amounts receivable within one year | 40/41 | €58,414 | €29,169 | -€29,245 | -50.1% |
| Trade receivables | 40 | €50,399 | €26,626 | -€23,773 | -47.2% |
| Other amounts receivable | 41 | €8,015 | €2,543 | -€5,472 | -68.3% |
| Cash at bank and in hand | 54/58 | €51,166 | €93,111 | +€41,945 | +82.0% |
| Deferred charges and accrued income | 490/1 | €9,168 | €7,944 | -€1,224 | -13.4% |
| Total equity and liabilities | 10/49 | €427,639 | €406,645 | -€20,994 | -4.9% |
| Equity | 10/15 | €314,267 | €334,333 | +€20,066 | +6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €301,867 | €321,933 | +€20,066 | +6.6% |
| Tax-exempt reserves | 132 | €72,736 | €65,040 | -€7,696 | -10.6% |
| Distributable reserves | 133 | €229,131 | €256,893 | +€27,762 | +12.1% |
| Provisions and deferred taxes | 16 | €19,160 | €17,236 | -€1,924 | -10.0% |
| Deferred taxes | 168 | €19,160 | €17,236 | -€1,924 | -10.0% |
| Amounts payable | 17/49 | €94,212 | €55,076 | -€39,136 | -41.5% |
| Amounts payable after more than one year | 17 | €33,941 | - | -€33,941 | |
| Financial debts | 170/4 | €33,941 | - | -€33,941 | |
| Amounts payable within one year | 42/48 | €60,271 | €55,076 | -€5,195 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €40,343 | €33,777 | -€6,566 | -16.3% |
| Trade debts | 44 | €11,100 | €13,364 | +€2,264 | +20.4% |
| Suppliers | 440/4 | €11,100 | €13,364 | +€2,264 | +20.4% |
| Taxes, remuneration and social security | 45 | €8,724 | €7,159 | -€1,565 | -17.9% |
| Taxes | 450/3 | €8,724 | €7,159 | -€1,565 | -17.9% |
| Other amounts payable | 47/48 | €104 | €776 | +€672 | +644.8% |
| Remuneration, social security and pensions | 62 | €1,857 | €2,074 | +€217 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,562 | €25,378 | -€1,184 | -4.5% |
| Other operating charges | 640/8 | €5,793 | €3,251 | -€2,543 | -43.9% |
| Gross operating margin | 9900 | €70,220 | €74,156 | +€3,936 | +5.6% |
| Operating profit (loss) | 9901 | €36,008 | €43,453 | +€7,445 | +20.7% |
| Financial income | 75/76B | €16,260 | €232 | -€16,029 | -98.6% |
| Recurring financial income | 75 | €241 | €232 | -€9 | -3.8% |
| Non-recurring financial income | 76B | €16,019 | - | -€16,019 | |
| Financial charges | 65/66B | €4,740 | €2,250 | -€2,490 | -52.5% |
| Recurring financial charges | 65 | €4,740 | €2,250 | -€2,490 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €47,528 | €41,435 | -€6,093 | -12.8% |
| Transfer from deferred taxes | 780 | €1,924 | €1,924 | = | 0.0% |
| Income taxes | 67/77 | €14,919 | €16,978 | +€2,059 | +13.8% |
| Profit (loss) for the period | 9904 | €34,534 | €26,382 | -€8,152 | -23.6% |
| Transfer from tax-exempt reserves | 789 | €7,696 | €7,696 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,230 | €34,078 | -€8,152 | -19.3% |
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.