GOH: 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.
GOH
Largest movements
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Deferred charges and accrued income -€34,979
down €34,979 (-87.8%), from €39,842 to €4,863
- Cash +€15,467
up €15,467 (+24.9%), from €62,229 to €77,697
mainly Net result for the year (+€95,214) and Receivables after one year (+€75,000)
- Receivables within one year +€13,078
up €13,078 (+38.0%), from €34,443 to €47,520
of which Trade receivables: +€45,225
- Profit (loss) carried forward -€147,394
no longer reported in 2025 (was €147,394)
- Other debts +€71,223
up €71,223 (+89.7%), from €79,413 to €150,636
- Debts after one year -€16,774
down €16,774 (-6.1%), from €275,883 to €259,108
- Tax, wage and social debts +€6,831
new in 2025: €6,831
- Gross operating margin +€36,246
up €36,246 (+32.0%), from €113,307 to €149,553
- Taxes +€13,279
up €13,279 (+67.9%), from €19,552 to €32,831
- Financial income -€2,596
down €2,596 (-68.4%), from €3,797 to €1,201
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 | €521,695 | €437,204 | -€84,492 | -16.2% |
| Fixed assets | 21/28 | €310,182 | €307,124 | -€3,057 | -1.0% |
| Tangible fixed assets | 22/27 | €310,182 | €307,124 | -€3,057 | -1.0% |
| Land and buildings | 22 | €310,182 | €301,699 | -€8,483 | -2.7% |
| Furniture and vehicles | 24 | - | €4,467 | +€4,467 | |
| Other tangible fixed assets | 26 | - | €958 | +€958 | |
| Current assets | 29/58 | €211,514 | €130,080 | -€81,434 | -38.5% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Trade receivables | 290 | €75,000 | - | -€75,000 | |
| Amounts receivable within one year | 40/41 | €34,443 | €47,520 | +€13,078 | +38.0% |
| Trade receivables | 40 | - | €45,225 | +€45,225 | |
| Other amounts receivable | 41 | €34,443 | €2,295 | -€32,148 | -93.3% |
| Cash at bank and in hand | 54/58 | €62,229 | €77,697 | +€15,467 | +24.9% |
| Deferred charges and accrued income | 490/1 | €39,842 | €4,863 | -€34,979 | -87.8% |
| Total equity and liabilities | 10/49 | €521,695 | €437,204 | -€84,492 | -16.2% |
| Equity | 10/15 | €149,394 | €2,000 | -€147,394 | -98.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,394 | - | -€147,394 | |
| Amounts payable | 17/49 | €372,301 | €435,204 | +€62,903 | +16.9% |
| Amounts payable after more than one year | 17 | €275,883 | €259,108 | -€16,774 | -6.1% |
| Financial debts | 170/4 | €275,883 | €259,108 | -€16,774 | -6.1% |
| Amounts payable within one year | 42/48 | €96,419 | €176,095 | +€79,677 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €16,115 | €16,774 | +€659 | +4.1% |
| Trade debts | 44 | €891 | €1,854 | +€963 | +108.1% |
| Suppliers | 440/4 | €891 | €1,854 | +€963 | +108.1% |
| Taxes, remuneration and social security | 45 | - | €6,831 | +€6,831 | |
| Taxes | 450/3 | - | €6,831 | +€6,831 | |
| Other amounts payable | 47/48 | €79,413 | €150,636 | +€71,223 | +89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,238 | €8,655 | +€417 | +5.1% |
| Other operating charges | 640/8 | €2,034 | €2,200 | +€166 | +8.2% |
| Gross operating margin | 9900 | €113,307 | €149,553 | +€36,246 | +32.0% |
| Operating profit (loss) | 9901 | €103,035 | €138,698 | +€35,663 | +34.6% |
| Financial income | 75/76B | €3,797 | €1,201 | -€2,596 | -68.4% |
| Recurring financial income | 75 | €3,797 | €1,201 | -€2,596 | -68.4% |
| Financial charges | 65/66B | €12,536 | €11,854 | -€682 | -5.4% |
| Recurring financial charges | 65 | €12,536 | €11,854 | -€682 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €94,296 | €128,045 | +€33,749 | +35.8% |
| Income taxes | 67/77 | €19,552 | €32,831 | +€13,279 | +67.9% |
| Profit (loss) for the period | 9904 | €74,744 | €95,214 | +€20,471 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,744 | €95,214 | +€20,471 | +27.4% |
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 6 October 2026 via checked.be.