GOLA: 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.
GOLA
Largest movements
- Tangible fixed assets -€22,068
down €22,068 (-19.6%), from €112,603 to €90,536
of which Land and buildings: -€17,641
- Cash -€10,802
down €10,802 (-65.0%), from €16,628 to €5,826
mainly Debts after one year (-€30,120) and Net result for the year (-€17,072)
- Receivables within one year -€10,415
no longer reported in 2025 (was €10,415)
- Debts after one year -€30,120
down €30,120 (-26.9%), from €111,813 to €81,693
- Profit (loss) carried forward -€17,072
down €17,072 (-47.4%), from -€36,005 to -€53,077
- Trade debts +€13,359
up €13,359 (+1308.2%), from €1,021 to €14,380
- Other debts -€8,657
down €8,657 (-55.6%), from €15,582 to €6,925
- Gross operating margin -€17,115
down €17,115 (-77.3%), from €22,133 to €5,018
- Financial income +€6,834
up €6,834 (+170848.5%), from €4 to €6,838
- Financial charges -€1,540
down €1,540 (-19.6%), from €7,857 to €6,318
- Depreciation +€1,255
up €1,255 (+6.0%), from €20,812 to €22,068
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 | €140,024 | €96,751 | -€43,273 | -30.9% |
| Fixed assets | 21/28 | €112,603 | €90,536 | -€22,068 | -19.6% |
| Tangible fixed assets | 22/27 | €112,603 | €90,536 | -€22,068 | -19.6% |
| Land and buildings | 22 | €93,640 | €75,999 | -€17,641 | -18.8% |
| Plant, machinery and equipment | 23 | €18,963 | €14,536 | -€4,427 | -23.3% |
| Current assets | 29/58 | €27,421 | €6,216 | -€21,205 | -77.3% |
| Amounts receivable within one year | 40/41 | €10,415 | - | -€10,415 | |
| Other amounts receivable | 41 | €10,415 | - | -€10,415 | |
| Cash at bank and in hand | 54/58 | €16,628 | €5,826 | -€10,802 | -65.0% |
| Deferred charges and accrued income | 490/1 | €377 | €390 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €140,024 | €96,751 | -€43,273 | -30.9% |
| Equity | 10/15 | -€17,405 | -€34,477 | -€17,072 | -98.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,005 | -€53,077 | -€17,072 | -47.4% |
| Amounts payable | 17/49 | €157,429 | €131,228 | -€26,201 | -16.6% |
| Amounts payable after more than one year | 17 | €111,813 | €81,693 | -€30,120 | -26.9% |
| Financial debts | 170/4 | €111,813 | €81,693 | -€30,120 | -26.9% |
| Amounts payable within one year | 42/48 | €45,616 | €49,535 | +€3,919 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €29,012 | €28,230 | -€782 | -2.7% |
| Trade debts | 44 | €1,021 | €14,380 | +€13,359 | +1308.2% |
| Suppliers | 440/4 | €1,021 | €14,380 | +€13,359 | +1308.2% |
| Other amounts payable | 47/48 | €15,582 | €6,925 | -€8,657 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,812 | €22,068 | +€1,255 | +6.0% |
| Other operating charges | 640/8 | €527 | €543 | +€17 | +3.2% |
| Gross operating margin | 9900 | €22,133 | €5,018 | -€17,115 | -77.3% |
| Operating profit (loss) | 9901 | €794 | -€17,592 | -€18,386 | |
| Financial income | 75/76B | €4 | €6,838 | +€6,834 | +170848.5% |
| Recurring financial income | 75 | €4 | €6,838 | +€6,834 | +170848.5% |
| Financial charges | 65/66B | €7,857 | €6,318 | -€1,540 | -19.6% |
| Recurring financial charges | 65 | €7,857 | €6,318 | -€1,540 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,059 | -€17,072 | -€10,013 | -141.8% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€7,060 | -€17,072 | -€10,012 | -141.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,060 | -€17,072 | -€10,012 | -141.8% |
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 2 October 2026 via checked.be.