GOLAW: 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.
GOLAW
Largest movements
- Cash +€19,018
up €19,018 (+24.6%), from €77,324 to €96,343
mainly Net result for the year (+€26,000) and Other debts (+€19,702)
- Receivables within one year +€6,533
up €6,533 (+582%), from €1,123 to €7,657
of which Other amounts receivable: +€6,878
- Tangible fixed assets -€1,218
down €1,218 (-62.3%), from €1,956 to €738
- Reserves +€26,000
up €26,000 (+67.1%), from €38,723 to €64,722
- Profit (loss) carried forward -€25,615
no longer reported in 2025 (was €25,615)
- Other debts +€19,702
up €19,702 (+951%), from €2,071 to €21,773
- Trade debts +€3,651
up €3,651 (+53.6%), from €6,806 to €10,457
- Taxes +€2,980
up €2,980 (+35.7%), from €8,347 to €11,326
- Gross operating margin +€2,640
up €2,640 (+7.3%), from €36,294 to €38,934
- Other operating charges +€404
up €404 (+196%), from €206 to €610
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 | €81,347 | €105,744 | +€24,397 | +30.0% |
| Fixed assets | 21/28 | €1,956 | €738 | -€1,218 | -62.3% |
| Tangible fixed assets | 22/27 | €1,956 | €738 | -€1,218 | -62.3% |
| Furniture and vehicles | 24 | €1,956 | €738 | -€1,218 | -62.3% |
| Current assets | 29/58 | €79,392 | €105,007 | +€25,615 | +32.3% |
| Amounts receivable within one year | 40/41 | €1,123 | €7,657 | +€6,533 | +582% |
| Trade receivables | 40 | €1,123 | €778 | -€345 | -30.7% |
| Other amounts receivable | 41 | - | €6,878 | +€6,878 | |
| Cash at bank and in hand | 54/58 | €77,324 | €96,343 | +€19,018 | +24.6% |
| Deferred charges and accrued income | 490/1 | €944 | €1,007 | +€63 | +6.7% |
| Total equity and liabilities | 10/49 | €81,347 | €105,744 | +€24,397 | +30.0% |
| Equity | 10/15 | €67,338 | €67,722 | +€384 | +0.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,723 | €64,722 | +€26,000 | +67.1% |
| Distributable reserves | 133 | €38,723 | €64,722 | +€26,000 | +67.1% |
| Profit (loss) carried forward | 14 | €25,615 | - | -€25,615 | |
| Amounts payable | 17/49 | €14,009 | €38,022 | +€24,012 | +171% |
| Amounts payable within one year | 42/48 | €14,009 | €38,022 | +€24,012 | +171% |
| Trade debts | 44 | €6,806 | €10,457 | +€3,651 | +53.6% |
| Suppliers | 440/4 | €6,806 | €10,457 | +€3,651 | +53.6% |
| Taxes, remuneration and social security | 45 | €5,132 | €5,792 | +€660 | +12.9% |
| Taxes | 450/3 | €5,132 | €2,292 | -€2,840 | -55.3% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €2,071 | €21,773 | +€19,702 | +951% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €1,218 | -€92 | -7.0% |
| Other operating charges | 640/8 | €206 | €610 | +€404 | +196% |
| Gross operating margin | 9900 | €36,294 | €38,934 | +€2,640 | +7.3% |
| Operating profit (loss) | 9901 | €34,778 | €37,106 | +€2,329 | +6.7% |
| Financial income | 75/76B | €355 | €568 | +€213 | +60.1% |
| Recurring financial income | 75 | €355 | €568 | +€213 | +60.1% |
| Financial charges | 65/66B | €338 | €348 | +€11 | +3.2% |
| Recurring financial charges | 65 | €338 | €348 | +€11 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €34,795 | €37,326 | +€2,531 | +7.3% |
| Income taxes | 67/77 | €8,347 | €11,326 | +€2,980 | +35.7% |
| Profit (loss) for the period | 9904 | €26,448 | €26,000 | -€449 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,448 | €26,000 | -€449 | -1.7% |
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 14 October 2026 via checked.be.