GOLD-ORAK: 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-ORAK
Largest movements
- Cash +€18,233
up €18,233 (+1,096%), from €1,664 to €19,897
mainly Other debts (+€56,891) and Depreciation (+€11,387)
- Tangible fixed assets -€7,893
down €7,893 (-27.9%), from €28,248 to €20,356
of which Furniture and vehicles: -€7,687
- Other debts +€56,891
up €56,891 (+103%), from €55,443 to €112,334
- Profit (loss) carried forward -€33,588
down €33,588, from €20,426 to -€13,161
- Tax, wage and social debts -€14,445
down €14,445 (-75.9%), from €19,024 to €4,579
- Trade debts +€5,283
up €5,283 (+799%), from €661 to €5,944
- Debts after one year -€4,597
down €4,597 (-100%), from €4,597 to €0
- Financial charges -€25,949
down €25,949 (-56.2%), from €46,153 to €20,203
- Gross operating margin -€715
down €715, from €413 to -€302
- Depreciation +€548
up €548 (+5.1%), from €10,839 to €11,387
- Other operating charges -€471
down €471 (-24.4%), from €1,931 to €1,460
- Taxes +€73
up €73 (+52.5%), from €140 to €213
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 | €107,573 | €117,294 | +€9,721 | +9.0% |
| Fixed assets | 21/28 | €28,248 | €20,356 | -€7,893 | -27.9% |
| Tangible fixed assets | 22/27 | €28,248 | €20,356 | -€7,893 | -27.9% |
| Plant, machinery and equipment | 23 | €881 | €675 | -€206 | -23.4% |
| Furniture and vehicles | 24 | €27,367 | €19,681 | -€7,687 | -28.1% |
| Current assets | 29/58 | €79,325 | €96,938 | +€17,613 | +22.2% |
| Amounts receivable within one year | 40/41 | €75,374 | €74,708 | -€666 | -0.9% |
| Trade receivables | 40 | €74,290 | €71,624 | -€2,666 | -3.6% |
| Other amounts receivable | 41 | €1,084 | €3,084 | +€2,000 | +185% |
| Cash at bank and in hand | 54/58 | €1,664 | €19,897 | +€18,233 | +1,096% |
| Deferred charges and accrued income | 490/1 | €2,287 | €2,333 | +€46 | +2.0% |
| Total equity and liabilities | 10/49 | €107,573 | €117,294 | +€9,721 | +9.0% |
| Equity | 10/15 | €23,426 | -€10,161 | -€33,588 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,426 | -€13,161 | -€33,588 | |
| Amounts payable | 17/49 | €84,146 | €127,455 | +€43,308 | +51.5% |
| Amounts payable after more than one year | 17 | €4,597 | €0 | -€4,597 | -100% |
| Financial debts | 170/4 | €4,597 | €0 | -€4,597 | -100% |
| Amounts payable within one year | 42/48 | €79,549 | €127,455 | +€47,906 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €4,421 | €4,597 | +€177 | +4.0% |
| Trade debts | 44 | €661 | €5,944 | +€5,283 | +799% |
| Suppliers | 440/4 | €661 | €5,944 | +€5,283 | +799% |
| Taxes, remuneration and social security | 45 | €19,024 | €4,579 | -€14,445 | -75.9% |
| Taxes | 450/3 | €19,024 | €4,579 | -€14,445 | -75.9% |
| Other amounts payable | 47/48 | €55,443 | €112,334 | +€56,891 | +103% |
| Remuneration, social security and pensions | 62 | €12 | €23 | +€12 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,839 | €11,387 | +€548 | +5.1% |
| Other operating charges | 640/8 | €1,931 | €1,460 | -€471 | -24.4% |
| Gross operating margin | 9900 | €413 | -€302 | -€715 | |
| Operating profit (loss) | 9901 | -€12,368 | -€13,171 | -€803 | -6.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €46,153 | €20,203 | -€25,949 | -56.2% |
| Recurring financial charges | 65 | €46,153 | €20,203 | -€25,949 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,520 | -€33,375 | +€25,146 | +43.0% |
| Income taxes | 67/77 | €140 | €213 | +€73 | +52.5% |
| Profit (loss) for the period | 9904 | -€58,660 | -€33,588 | +€25,072 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,660 | -€33,588 | +€25,072 | +42.7% |
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.