GOIA: 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.
GOIA
Largest movements
- Cash -€14,509
down €14,509 (-29.9%), from €48,506 to €33,997
mainly Tax, wage and social debts (-€17,241) and Net result for the year (-€10,084)
- Stocks and contracts +€2,575
up €2,575 (+12.5%), from €20,524 to €23,099
- Receivables within one year -€2,120
down €2,120 (-41.3%), from €5,134 to €3,014
of which Other amounts receivable: -€1,246
- Tangible fixed assets -€2,093
down €2,093 (-17.4%), from €12,055 to €9,962
of which Plant, machinery and equipment: -€1,251
- Deferred charges and accrued income -€1,470
down €1,470 (-18.1%), from €8,144 to €6,673
- Tax, wage and social debts -€17,241
down €17,241 (-94.9%), from €18,173 to €932
of which Taxes: -€14,874
- Reserves -€10,084
down €10,084 (-17.4%), from €57,947 to €47,864
- Trade debts +€9,494
up €9,494 (+407.4%), from €2,330 to €11,824
- Gross operating margin -€11,725
down €11,725, from €8,100 to -€3,625
- Financial charges +€2,196
up €2,196 (+241.4%), from €910 to €3,106
- Financial income +€1,864
up €1,864 (+689.5%), from €270 to €2,135
of which Financial income: +€1,864
- Other operating charges -€1,687
down €1,687 (-56.1%), from €3,005 to €1,318
- Taxes +€205
up €205 (+28.6%), from €717 to €922
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 | €94,363 | €76,745 | -€17,618 | -18.7% |
| Fixed assets | 21/28 | €12,055 | €9,962 | -€2,093 | -17.4% |
| Tangible fixed assets | 22/27 | €12,055 | €9,962 | -€2,093 | -17.4% |
| Plant, machinery and equipment | 23 | €2,295 | €1,043 | -€1,251 | -54.5% |
| Furniture and vehicles | 24 | €3,461 | €3,642 | +€181 | +5.2% |
| Other tangible fixed assets | 26 | €6,300 | €5,277 | -€1,023 | -16.2% |
| Current assets | 29/58 | €82,307 | €66,783 | -€15,525 | -18.9% |
| Stocks and contracts in progress | 3 | €20,524 | €23,099 | +€2,575 | +12.5% |
| Stocks | 30/36 | €20,524 | €23,099 | +€2,575 | +12.5% |
| Amounts receivable within one year | 40/41 | €5,134 | €3,014 | -€2,120 | -41.3% |
| Trade receivables | 40 | €1,826 | €952 | -€874 | -47.9% |
| Other amounts receivable | 41 | €3,308 | €2,062 | -€1,246 | -37.7% |
| Cash at bank and in hand | 54/58 | €48,506 | €33,997 | -€14,509 | -29.9% |
| Deferred charges and accrued income | 490/1 | €8,144 | €6,673 | -€1,470 | -18.1% |
| Total equity and liabilities | 10/49 | €94,363 | €76,745 | -€17,618 | -18.7% |
| Equity | 10/15 | €70,347 | €60,264 | -€10,084 | -14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,947 | €47,864 | -€10,084 | -17.4% |
| Distributable reserves | 133 | €57,947 | €47,864 | -€10,084 | -17.4% |
| Amounts payable | 17/49 | €24,015 | €16,481 | -€7,534 | -31.4% |
| Amounts payable within one year | 42/48 | €24,015 | €16,481 | -€7,534 | -31.4% |
| Trade debts | 44 | €2,330 | €11,824 | +€9,494 | +407.4% |
| Suppliers | 440/4 | €2,330 | €11,824 | +€9,494 | +407.4% |
| Taxes, remuneration and social security | 45 | €18,173 | €932 | -€17,241 | -94.9% |
| Taxes | 450/3 | €15,806 | €932 | -€14,874 | -94.1% |
| Remuneration and social security | 454/9 | €2,367 | €0 | -€2,367 | -100.0% |
| Other amounts payable | 47/48 | €3,512 | €3,725 | +€213 | +6.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,373 | €3,247 | -€126 | -3.7% |
| Other operating charges | 640/8 | €3,005 | €1,318 | -€1,687 | -56.1% |
| Gross operating margin | 9900 | €8,100 | -€3,625 | -€11,725 | |
| Operating profit (loss) | 9901 | €1,721 | -€8,190 | -€9,911 | |
| Financial income | 75/76B | €270 | €2,135 | +€1,864 | +689.5% |
| Recurring financial income | 75 | €270 | €2,135 | +€1,864 | +689.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €910 | €3,106 | +€2,196 | +241.4% |
| Recurring financial charges | 65 | €910 | €3,106 | +€2,196 | +241.4% |
| Profit (loss) for the period before taxes | 9903 | €1,081 | -€9,161 | -€10,243 | |
| Income taxes | 67/77 | €717 | €922 | +€205 | +28.6% |
| Profit (loss) for the period | 9904 | €364 | -€10,084 | -€10,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €364 | -€10,084 | -€10,448 |
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 3 October 2026 via checked.be.