GOLD CUP: 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 CUP
Largest movements
- Tangible fixed assets -€107,138
down €107,138 (-4.3%), from €2.5m to €2.4m
of which Plant, machinery and equipment: -€54,377
- Receivables within one year +€83,750
up €83,750 (+6.5%), from €1.3m to €1.4m
- Other debts +€122,859
up €122,859 (+63.2%), from €194,279 to €317,138
- Debts after one year -€104,390
down €104,390 (-7.6%), from €1.4m to €1.3m
- Financial income -€46,007
down €46,007 (-99.0%), from €46,471 to €465
- Gross operating margin +€22,795
up €22,795 (+29.7%), from €76,635 to €99,430
- Financial charges +€4,602
up €4,602 (+21.1%), from €21,840 to €26,442
- Other operating charges -€4,416
down €4,416 (-66.9%), from €6,605 to €2,189
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,805,720 | €3,781,245 | -€24,475 | -0.6% |
| Fixed assets | 21/28 | €2,512,851 | €2,405,713 | -€107,138 | -4.3% |
| Tangible fixed assets | 22/27 | €2,512,851 | €2,405,713 | -€107,138 | -4.3% |
| Land and buildings | 22 | €1,949,430 | €1,896,668 | -€52,762 | -2.7% |
| Plant, machinery and equipment | 23 | €563,421 | €509,044 | -€54,377 | -9.7% |
| Current assets | 29/58 | €1,292,869 | €1,375,532 | +€82,663 | +6.4% |
| Amounts receivable within one year | 40/41 | €1,290,873 | €1,374,623 | +€83,750 | +6.5% |
| Other amounts receivable | 41 | €1,290,873 | €1,374,623 | +€83,750 | +6.5% |
| Cash at bank and in hand | 54/58 | €1,995 | €909 | -€1,087 | -54.4% |
| Total equity and liabilities | 10/49 | €3,805,720 | €3,781,245 | -€24,475 | -0.6% |
| Equity | 10/15 | €1,926,577 | €1,895,298 | -€31,279 | -1.6% |
| Contributions | 10/11 | €592,000 | €592,000 | = | 0.0% |
| Capital | 10 | €592,000 | €592,000 | = | 0.0% |
| Issued capital | 100 | €592,000 | €592,000 | = | 0.0% |
| Reserves | 13 | €283,561 | €274,636 | -€8,926 | -3.1% |
| Non-distributable reserves | 130/1 | €59,200 | €59,200 | = | 0.0% |
| Legal reserve | 130 | €59,200 | €59,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €224,361 | €215,436 | -€8,926 | -4.0% |
| Profit (loss) carried forward | 14 | €1,051,016 | €1,028,662 | -€22,353 | -2.1% |
| Provisions and deferred taxes | 16 | €128,747 | €124,151 | -€4,596 | -3.6% |
| Deferred taxes | 168 | €128,747 | €124,151 | -€4,596 | -3.6% |
| Amounts payable | 17/49 | €1,750,395 | €1,761,796 | +€11,400 | +0.7% |
| Amounts payable after more than one year | 17 | €1,367,893 | €1,263,502 | -€104,390 | -7.6% |
| Financial debts | 170/4 | €1,367,893 | €1,263,502 | -€104,390 | -7.6% |
| Amounts payable within one year | 42/48 | €382,503 | €498,294 | +€115,791 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €117,093 | €104,390 | -€12,702 | -10.8% |
| Trade debts | 44 | €71,132 | €76,766 | +€5,634 | +7.9% |
| Suppliers | 440/4 | €71,132 | €76,766 | +€5,634 | +7.9% |
| Other amounts payable | 47/48 | €194,279 | €317,138 | +€122,859 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,040 | €107,138 | +€99 | +0.1% |
| Other operating charges | 640/8 | €6,605 | €2,189 | -€4,416 | -66.9% |
| Gross operating margin | 9900 | €76,635 | €99,430 | +€22,795 | +29.7% |
| Operating profit (loss) | 9901 | -€37,010 | -€9,898 | +€27,112 | +73.3% |
| Financial income | 75/76B | €46,471 | €465 | -€46,007 | -99.0% |
| Recurring financial income | 75 | €46,471 | €465 | -€46,007 | -99.0% |
| Financial charges | 65/66B | €21,840 | €26,442 | +€4,602 | +21.1% |
| Recurring financial charges | 65 | €21,840 | €26,442 | +€4,602 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,379 | -€35,875 | -€23,496 | -189.8% |
| Transfer from deferred taxes | 780 | €4,596 | €4,596 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€7,783 | -€31,279 | -€23,496 | -301.9% |
| Transfer from tax-exempt reserves | 789 | €8,926 | €8,926 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,143 | -€22,353 | -€23,496 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.