GOLAND: 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.
GOLAND
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-38.5%), from €3.9m to €2.4m
- Receivables after one year +€757,432
up €757,432 (+249.9%), from €303,037 to €1.1m
- Cash +€182,518
up €182,518 (+1795.7%), from €10,164 to €192,682
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€15,401)
- Debts after one year -€579,783
down €579,783 (-65.1%), from €890,000 to €310,217
- Gross operating margin -€92,102
down €92,102 (-34.9%), from €263,579 to €171,477
- Financial charges -€74,405
down €74,405 (-54.6%), from €136,185 to €61,780
- Other operating charges +€70,180
up €70,180 (+145.0%), from €48,389 to €118,568
- Taxes -€20,170
down €20,170 (-79.7%), from €25,303 to €5,134
- Financial income +€7,120
up €7,120 (+32.0%), from €22,286 to €29,406
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 | €5,395,956 | €4,837,753 | -€558,202 | -10.3% |
| Fixed assets | 21/28 | €1,171,713 | €1,171,713 | = | 0.0% |
| Financial fixed assets | 28 | €1,171,713 | €1,171,713 | = | 0.0% |
| Current assets | 29/58 | €4,224,243 | €3,666,040 | -€558,202 | -13.2% |
| Amounts receivable after more than one year | 29 | €303,037 | €1,060,468 | +€757,432 | +249.9% |
| Other amounts receivable | 291 | €303,037 | €1,060,468 | +€757,432 | +249.9% |
| Stocks and contracts in progress | 3 | €3,888,329 | €2,392,710 | -€1.5m | -38.5% |
| Stocks | 30/36 | €3,888,329 | €2,392,710 | -€1.5m | -38.5% |
| Amounts receivable within one year | 40/41 | €22,713 | €20,179 | -€2,533 | -11.2% |
| Trade receivables | 40 | €1,376 | €1,376 | = | 0.0% |
| Other amounts receivable | 41 | €21,337 | €18,804 | -€2,533 | -11.9% |
| Cash at bank and in hand | 54/58 | €10,164 | €192,682 | +€182,518 | +1795.7% |
| Total equity and liabilities | 10/49 | €5,395,956 | €4,837,753 | -€558,202 | -10.3% |
| Equity | 10/15 | €4,463,722 | €4,479,123 | +€15,401 | +0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,396,072 | €4,411,473 | +€15,401 | +0.4% |
| Amounts payable | 17/49 | €932,233 | €358,630 | -€573,604 | -61.5% |
| Amounts payable after more than one year | 17 | €890,000 | €310,217 | -€579,783 | -65.1% |
| Financial debts | 170/4 | €890,000 | €310,217 | -€579,783 | -65.1% |
| Amounts payable within one year | 42/48 | €40,885 | €48,413 | +€7,528 | +18.4% |
| Trade debts | 44 | €40,885 | €48,413 | +€7,528 | +18.4% |
| Suppliers | 440/4 | €40,885 | €48,413 | +€7,528 | +18.4% |
| Accrued charges and deferred income | 492/3 | €1,348 | - | -€1,348 | |
| Other operating charges | 640/8 | €48,389 | €118,568 | +€70,180 | +145.0% |
| Gross operating margin | 9900 | €263,579 | €171,477 | -€92,102 | -34.9% |
| Operating profit (loss) | 9901 | €215,190 | €52,908 | -€162,282 | -75.4% |
| Financial income | 75/76B | €22,286 | €29,406 | +€7,120 | +32.0% |
| Recurring financial income | 75 | €22,286 | €29,406 | +€7,120 | +32.0% |
| Financial charges | 65/66B | €136,185 | €61,780 | -€74,405 | -54.6% |
| Recurring financial charges | 65 | €136,185 | €61,780 | -€74,405 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €101,291 | €20,535 | -€80,756 | -79.7% |
| Income taxes | 67/77 | €25,303 | €5,134 | -€20,170 | -79.7% |
| Profit (loss) for the period | 9904 | €75,988 | €15,401 | -€60,586 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,988 | €15,401 | -€60,586 | -79.7% |
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 9 October 2026 via checked.be.