GOJA HOLDING: what changed
Two financial 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.
GOJA HOLDING
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+167%), from €893,040 to €2.4m
of which Trade receivables: +€1.4m
- Cash +€407,411
up €407,411 (+250%), from €163,121 to €570,532
mainly Other debts (+€1.7m) and Net result for the year (+€965,185)
- Other debts +€1.7m
up €1.7m (+149%), from €1.1m to €2.8m
- Debts after one year -€919,087
down €919,087 (-13.6%), from €6.7m to €5.8m
- Reserves +€673,600
new in 2025: €673,600
- Profit (loss) carried forward +€291,585
up €291,585 (+14.4%), from €2.0m to €2.3m
- Short-term financial debts +€161,253
new in 2025: €161,253
- Other operating income +€851,000
up €851,000 (+142%), from €599,000 to €1.5m
- Taxes +€280,872
up €280,872 (+21,235%), from €1,323 to €282,195
- Financial income +€85,000
up €85,000, from €0 to €85,000
- Services and other goods -€56,883
down €56,883 (-16.0%), from €354,771 to €297,888
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.
Derived cash bridge
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 | €11,431,161 | €13,329,806 | +€1.9m | +16.6% |
| Fixed assets | 21/28 | €10,375,000 | €10,375,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,375,000 | €10,375,000 | = | 0.0% |
| Affiliated companies | 280/1 | €10,375,000 | €10,375,000 | = | 0.0% |
| Participating interests | 280 | €10,375,000 | €10,375,000 | = | 0.0% |
| Current assets | 29/58 | €1,056,161 | €2,954,806 | +€1.9m | +180% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €893,040 | €2,384,275 | +€1.5m | +167% |
| Trade receivables | 40 | €688,540 | €2,120,390 | +€1.4m | +208% |
| Other amounts receivable | 41 | €204,500 | €263,885 | +€59,385 | +29.0% |
| Cash at bank and in hand | 54/58 | €163,121 | €570,532 | +€407,411 | +250% |
| Total equity and liabilities | 10/49 | €11,431,161 | €13,329,806 | +€1.9m | +16.6% |
| Equity | 10/15 | €2,072,454 | €3,037,639 | +€965,185 | +46.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €673,600 | +€673,600 | |
| Tax-exempt reserves | 132 | - | €673,600 | +€673,600 | |
| Profit (loss) carried forward | 14 | €2,022,454 | €2,314,039 | +€291,585 | +14.4% |
| Amounts payable | 17/49 | €9,358,707 | €10,292,168 | +€933,461 | +10.0% |
| Amounts payable after more than one year | 17 | €6,746,825 | €5,827,738 | -€919,087 | -13.6% |
| Financial debts | 170/4 | €6,746,825 | €5,827,738 | -€919,087 | -13.6% |
| Subordinated loans | 170 | €2,083,762 | €2,357,140 | +€273,377 | +13.1% |
| Credit institutions | 173 | €4,463,063 | €3,370,598 | -€1.1m | -24.5% |
| Other loans | 174 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts payable within one year | 42/48 | €2,438,879 | €4,280,794 | +€1.8m | +75.5% |
| Current portion of amounts payable after more than one year | 42 | €1,177,072 | €1,192,465 | +€15,393 | +1.3% |
| Financial debts | 43 | - | €161,253 | +€161,253 | |
| Credit institutions | 430/8 | - | €161,253 | +€161,253 | |
| Trade debts | 44 | €98,400 | €73,426 | -€24,974 | -25.4% |
| Suppliers | 440/4 | €98,400 | €73,426 | -€24,974 | -25.4% |
| Taxes, remuneration and social security | 45 | €29,646 | €28,650 | -€995 | -3.4% |
| Taxes | 450/3 | €29,646 | €28,650 | -€995 | -3.4% |
| Other amounts payable | 47/48 | €1,133,762 | €2,825,000 | +€1.7m | +149% |
| Accrued charges and deferred income | 492/3 | €173,002 | €183,636 | +€10,634 | +6.1% |
| Operating income | 70/76A | €875,000 | €1,726,000 | +€851,000 | +97.3% |
| Turnover | 70 | €276,000 | €276,000 | = | 0.0% |
| Other operating income | 74 | €599,000 | €1,450,000 | +€851,000 | +142% |
| Operating charges | 60/66A | €354,944 | €298,941 | -€56,003 | -15.8% |
| Services and other goods | 61 | €354,771 | €297,888 | -€56,883 | -16.0% |
| Other operating charges | 640/8 | €173 | €1,053 | +€881 | +510% |
| Operating profit (loss) | 9901 | €520,056 | €1,427,059 | +€907,003 | +174% |
| Financial income | 75/76B | €0 | €85,000 | +€85,000 | |
| Recurring financial income | 75 | €0 | €85,000 | +€85,000 | |
| Income from financial fixed assets | 750 | €0 | €85,000 | +€85,000 | |
| Financial charges | 65/66B | €266,404 | €264,679 | -€1,725 | -0.6% |
| Recurring financial charges | 65 | €266,404 | €264,679 | -€1,725 | -0.6% |
| Debt charges | 650 | €266,126 | €264,325 | -€1,801 | -0.7% |
| Other financial charges | 652/9 | €278 | €354 | +€77 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €253,653 | €1,247,380 | +€993,727 | +392% |
| Income taxes | 67/77 | €1,323 | €282,195 | +€280,872 | +21,235% |
| Taxes | 670/3 | €1,323 | €282,195 | +€280,872 | +21,235% |
| Profit (loss) for the period | 9904 | €252,330 | €965,185 | +€712,855 | +283% |
| Transfer to tax-exempt reserves | 689 | - | €673,600 | +€673,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €252,330 | €291,585 | +€39,255 | +15.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.