GOLCUK: 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.
GOLCUK
Largest movements
- Receivables within one year +€47,976
up €47,976 (+246%), from €19,468 to €67,444
of which Other amounts receivable: +€46,619
- Cash -€23,429
down €23,429 (-64.4%), from €36,354 to €12,925
mainly Receivables within one year (-€47,976) and Investment in fixed assets (net) (-€1,249)
- Profit (loss) carried forward +€16,672
up €16,672 (+47.2%), from €35,288 to €51,960
- Tax, wage and social debts +€7,689
up €7,689 (+159%), from €4,825 to €12,514
- Gross operating margin -€1,086
down €1,086 (-3.8%), from €28,283 to €27,197
- Taxes -€559
down €559 (-8.5%), from €6,536 to €5,978
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 | €157,111 | €181,859 | +€24,747 | +15.8% |
| Fixed assets | 21/28 | €101,290 | €101,490 | +€201 | +0.2% |
| Tangible fixed assets | 22/27 | €101,290 | €101,490 | +€201 | +0.2% |
| Land and buildings | 22 | €98,025 | €98,025 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,155 | +€1,155 | |
| Other tangible fixed assets | 26 | €3,265 | €2,311 | -€954 | -29.2% |
| Current assets | 29/58 | €55,822 | €80,368 | +€24,547 | +44.0% |
| Amounts receivable within one year | 40/41 | €19,468 | €67,444 | +€47,976 | +246% |
| Trade receivables | 40 | - | €1,358 | +€1,358 | |
| Other amounts receivable | 41 | €19,468 | €66,086 | +€46,619 | +239% |
| Cash at bank and in hand | 54/58 | €36,354 | €12,925 | -€23,429 | -64.4% |
| Total equity and liabilities | 10/49 | €157,111 | €181,859 | +€24,747 | +15.8% |
| Equity | 10/15 | €151,913 | €168,585 | +€16,672 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €98,025 | €98,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,288 | €51,960 | +€16,672 | +47.2% |
| Amounts payable | 17/49 | €5,198 | €13,274 | +€8,076 | +155% |
| Amounts payable within one year | 42/48 | €5,198 | €13,274 | +€8,076 | +155% |
| Trade debts | 44 | €373 | €759 | +€386 | +104% |
| Suppliers | 440/4 | €373 | €759 | +€386 | +104% |
| Taxes, remuneration and social security | 45 | €4,825 | €12,514 | +€7,689 | +159% |
| Taxes | 450/3 | €4,825 | €12,514 | +€7,689 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €1,048 | +€94 | +9.9% |
| Other operating charges | 640/8 | €3,296 | €3,399 | +€103 | +3.1% |
| Gross operating margin | 9900 | €28,283 | €27,197 | -€1,086 | -3.8% |
| Operating profit (loss) | 9901 | €24,033 | €22,749 | -€1,284 | -5.3% |
| Financial charges | 65/66B | €46 | €100 | +€53 | +115% |
| Recurring financial charges | 65 | €46 | €100 | +€53 | +115% |
| Profit (loss) for the period before taxes | 9903 | €23,987 | €22,649 | -€1,337 | -5.6% |
| Income taxes | 67/77 | €6,536 | €5,978 | -€559 | -8.5% |
| Profit (loss) for the period | 9904 | €17,450 | €16,672 | -€779 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,450 | €16,672 | -€779 | -4.5% |
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 22 October 2026 via checked.be.