GOLD LION: 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 LION
Largest movements
- Cash -€17,494
down €17,494 (-38.4%), from €45,576 to €28,082
mainly Net result for the year (-€7,501) and Stocks and contracts (-€4,502)
- Stocks and contracts +€4,502
up €4,502 (+132%), from €3,400 to €7,902
- Tangible fixed assets -€4,008
down €4,008 (-27.3%), from €14,681 to €10,673
- Receivables within one year +€3,143
up €3,143 (+8.0%), from €39,115 to €42,258
- Profit (loss) carried forward -€7,501
down €7,501 (-9.5%), from €79,234 to €71,733
- Debts after one year -€3,620
down €3,620 (-52.4%), from €6,906 to €3,286
- Trade debts -€2,736
down €2,736 (-35.7%), from €7,673 to €4,937
- Gross operating margin -€12,040
down €12,040, from €11,528 to -€513
- Financial charges +€1,797
up €1,797 (+783%), from €230 to €2,027
- Other operating charges +€602
up €602 (+171%), from €353 to €954
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 | €103,282 | €89,426 | -€13,857 | -13.4% |
| Fixed assets | 21/28 | €14,681 | €10,673 | -€4,008 | -27.3% |
| Tangible fixed assets | 22/27 | €14,681 | €10,673 | -€4,008 | -27.3% |
| Furniture and vehicles | 24 | €14,681 | €10,673 | -€4,008 | -27.3% |
| Current assets | 29/58 | €88,601 | €78,752 | -€9,849 | -11.1% |
| Stocks and contracts in progress | 3 | €3,400 | €7,902 | +€4,502 | +132% |
| Stocks | 30/36 | €3,400 | €7,902 | +€4,502 | +132% |
| Amounts receivable within one year | 40/41 | €39,115 | €42,258 | +€3,143 | +8.0% |
| Other amounts receivable | 41 | €39,115 | €42,258 | +€3,143 | +8.0% |
| Cash at bank and in hand | 54/58 | €45,576 | €28,082 | -€17,494 | -38.4% |
| Deferred charges and accrued income | 490/1 | €510 | €510 | = | 0.0% |
| Total equity and liabilities | 10/49 | €103,282 | €89,426 | -€13,857 | -13.4% |
| Equity | 10/15 | €88,064 | €80,563 | -€7,501 | -8.5% |
| Reserves | 13 | €8,830 | €8,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,830 | €8,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,830 | €8,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,234 | €71,733 | -€7,501 | -9.5% |
| Amounts payable | 17/49 | €15,218 | €8,863 | -€6,356 | -41.8% |
| Amounts payable after more than one year | 17 | €6,906 | €3,286 | -€3,620 | -52.4% |
| Financial debts | 170/4 | €6,906 | €3,286 | -€3,620 | -52.4% |
| Amounts payable within one year | 42/48 | €8,312 | €5,576 | -€2,736 | -32.9% |
| Trade debts | 44 | €7,673 | €4,937 | -€2,736 | -35.7% |
| Suppliers | 440/4 | €7,673 | €4,937 | -€2,736 | -35.7% |
| Taxes, remuneration and social security | 45 | €640 | €640 | = | 0.0% |
| Taxes | 450/3 | €196 | €196 | = | 0.0% |
| Remuneration and social security | 454/9 | €444 | €444 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €4,008 | = | 0.0% |
| Other operating charges | 640/8 | €353 | €954 | +€602 | +171% |
| Gross operating margin | 9900 | €11,528 | -€513 | -€12,040 | |
| Operating profit (loss) | 9901 | €7,168 | -€5,475 | -€12,642 | |
| Financial charges | 65/66B | €230 | €2,027 | +€1,797 | +783% |
| Recurring financial charges | 65 | €230 | €2,027 | +€1,797 | +783% |
| Profit (loss) for the period before taxes | 9903 | €6,938 | -€7,501 | -€14,439 | |
| Profit (loss) for the period | 9904 | €6,938 | -€7,501 | -€14,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,938 | -€7,501 | -€14,439 |
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.