GOLD BUTTER: 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.
GOLD BUTTER
Largest movements
- Cash +€7,574
up €7,574 (+156%), from €4,864 to €12,437
mainly Debts after one year (+€24,076) and Receivables within one year (+€6,352)
- Receivables within one year -€6,352
down €6,352 (-65.5%), from €9,694 to €3,342
of which Trade receivables: -€6,354
- Stocks and contracts -€966
down €966 (-41.4%), from €2,334 to €1,368
- Tangible fixed assets -€838
down €838 (-24.7%), from €3,401 to €2,563
- Debts after one year +€24,076
new in 2025: €24,076
- Other debts -€14,845
down €14,845 (-98.8%), from €15,027 to €182
- Profit (loss) carried forward -€7,352
down €7,352 (-120%), from -€6,112 to -€13,464
- Trade debts -€2,367
down €2,367 (-75.8%), from €3,122 to €755
- Gross operating margin -€1,033
down €1,033 (-20.9%), from -€4,932 to -€5,965
- Other operating charges +€172
up €172 (+146%), from €118 to €290
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 | €21,137 | €20,649 | -€488 | -2.3% |
| Fixed assets | 21/28 | €3,401 | €2,563 | -€838 | -24.7% |
| Tangible fixed assets | 22/27 | €3,401 | €2,563 | -€838 | -24.7% |
| Plant, machinery and equipment | 23 | €3,401 | €2,563 | -€838 | -24.7% |
| Current assets | 29/58 | €17,736 | €18,086 | +€350 | +2.0% |
| Stocks and contracts in progress | 3 | €2,334 | €1,368 | -€966 | -41.4% |
| Stocks | 30/36 | €2,334 | €1,368 | -€966 | -41.4% |
| Amounts receivable within one year | 40/41 | €9,694 | €3,342 | -€6,352 | -65.5% |
| Trade receivables | 40 | €9,669 | €3,315 | -€6,354 | -65.7% |
| Other amounts receivable | 41 | €25 | €27 | +€2 | +6.5% |
| Cash at bank and in hand | 54/58 | €4,864 | €12,437 | +€7,574 | +156% |
| Deferred charges and accrued income | 490/1 | €845 | €939 | +€94 | +11.2% |
| Total equity and liabilities | 10/49 | €21,137 | €20,649 | -€488 | -2.3% |
| Equity | 10/15 | €2,888 | -€4,464 | -€7,352 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,112 | -€13,464 | -€7,352 | -120% |
| Amounts payable | 17/49 | €18,249 | €25,113 | +€6,864 | +37.6% |
| Amounts payable after more than one year | 17 | - | €24,076 | +€24,076 | |
| Financial debts | 170/4 | - | €24,076 | +€24,076 | |
| Amounts payable within one year | 42/48 | €18,249 | €1,036 | -€17,212 | -94.3% |
| Trade debts | 44 | €3,122 | €755 | -€2,367 | -75.8% |
| Suppliers | 440/4 | €3,122 | €755 | -€2,367 | -75.8% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Other amounts payable | 47/48 | €15,027 | €182 | -€14,845 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €838 | +€48 | +6.0% |
| Other operating charges | 640/8 | €118 | €290 | +€172 | +146% |
| Gross operating margin | 9900 | -€4,932 | -€5,965 | -€1,033 | -20.9% |
| Operating profit (loss) | 9901 | -€5,841 | -€7,093 | -€1,252 | -21.4% |
| Financial income | 75/76B | €0 | €5 | +€5 | +53,900% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +53,900% |
| Financial charges | 65/66B | €271 | €264 | -€6 | -2.3% |
| Recurring financial charges | 65 | €271 | €264 | -€6 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,112 | -€7,352 | -€1,241 | -20.3% |
| Profit (loss) for the period | 9904 | -€6,112 | -€7,352 | -€1,241 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,112 | -€7,352 | -€1,241 | -20.3% |
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 28 October 2026 via checked.be.