GOLD RUSH: what changed
Two fiscal 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 RUSH
Largest movements
- Current investments +€53,320
up €53,320 (+9.4%), from €565,008 to €618,327
- Receivables within one year +€16,477
up €16,477 (+226.7%), from €7,269 to €23,746
- Cash +€14,178
up €14,178 (+44.2%), from €32,110 to €46,288
mainly Net result for the year (+€54,548) and Other debts (+€22,827)
- Reserves +€53,715
up €53,715 (+16.8%), from €319,826 to €373,541
of which Distributable reserves: +€53,715
- Other debts +€22,827
up €22,827 (+7.8%), from €291,558 to €314,386
- Financial charges +€26,417
up €26,417 (+156.5%), from €16,875 to €43,292
- Gross operating margin -€17,624
down €17,624 (-12.1%), from €146,111 to €128,487
- Taxes -€13,129
down €13,129 (-32.8%), from €40,067 to €26,938
- Financial income +€3,148
up €3,148 (+7.4%), from €42,567 to €45,715
- Staff costs +€2,623
up €2,623 (+6.5%), from €40,509 to €43,133
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.
Cash bridge derived
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 | €678,953 | €755,749 | +€76,796 | +11.3% |
| Fixed assets | 21/28 | €10,743 | €8,143 | -€2,600 | -24.2% |
| Tangible fixed assets | 22/27 | €10,743 | €8,143 | -€2,600 | -24.2% |
| Plant, machinery and equipment | 23 | €1,160 | €870 | -€290 | -25.0% |
| Furniture and vehicles | 24 | €9,583 | €7,273 | -€2,310 | -24.1% |
| Current assets | 29/58 | €668,211 | €747,606 | +€79,395 | +11.9% |
| Stocks and contracts in progress | 3 | €56,747 | €52,357 | -€4,390 | -7.7% |
| Stocks | 30/36 | €56,747 | €52,357 | -€4,390 | -7.7% |
| Amounts receivable within one year | 40/41 | €7,269 | €23,746 | +€16,477 | +226.7% |
| Other amounts receivable | 41 | €7,269 | €23,746 | +€16,477 | +226.7% |
| Current investments | 50/53 | €565,008 | €618,327 | +€53,320 | +9.4% |
| Cash at bank and in hand | 54/58 | €32,110 | €46,288 | +€14,178 | +44.2% |
| Deferred charges and accrued income | 490/1 | €7,077 | €6,887 | -€189 | -2.7% |
| Total equity and liabilities | 10/49 | €678,953 | €755,749 | +€76,796 | +11.3% |
| Equity | 10/15 | €338,381 | €392,096 | +€53,715 | +15.9% |
| Contributions | 10/11 | €18,555 | €18,555 | = | 0.0% |
| Reserves | 13 | €319,826 | €373,541 | +€53,715 | +16.8% |
| Tax-exempt reserves | 132 | €434 | €434 | = | 0.0% |
| Distributable reserves | 133 | €319,392 | €373,107 | +€53,715 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €340,572 | €363,653 | +€23,081 | +6.8% |
| Amounts payable within one year | 42/48 | €319,401 | €341,844 | +€22,443 | +7.0% |
| Trade debts | 44 | €343 | €202 | -€140 | -40.9% |
| Suppliers | 440/4 | €343 | €202 | -€140 | -40.9% |
| Taxes, remuneration and social security | 45 | €27,500 | €27,256 | -€244 | -0.9% |
| Taxes | 450/3 | €22,578 | €22,043 | -€535 | -2.4% |
| Remuneration and social security | 454/9 | €4,923 | €5,213 | +€290 | +5.9% |
| Other amounts payable | 47/48 | €291,558 | €314,386 | +€22,827 | +7.8% |
| Accrued charges and deferred income | 492/3 | €21,171 | €21,809 | +€638 | +3.0% |
| Remuneration, social security and pensions | 62 | €40,509 | €43,133 | +€2,623 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,744 | €5,474 | -€270 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €387 | -€527 | -€915 | |
| Other operating charges | 640/8 | €1,264 | €1,345 | +€81 | +6.4% |
| Gross operating margin | 9900 | €146,111 | €128,487 | -€17,624 | -12.1% |
| Operating profit (loss) | 9901 | €98,206 | €79,063 | -€19,144 | -19.5% |
| Financial income | 75/76B | €42,567 | €45,715 | +€3,148 | +7.4% |
| Recurring financial income | 75 | €42,567 | €45,715 | +€3,148 | +7.4% |
| Financial charges | 65/66B | €16,875 | €43,292 | +€26,417 | +156.5% |
| Recurring financial charges | 65 | €16,875 | €43,292 | +€26,417 | +156.5% |
| Profit (loss) for the period before taxes | 9903 | €123,899 | €81,486 | -€42,413 | -34.2% |
| Income taxes | 67/77 | €40,067 | €26,938 | -€13,129 | -32.8% |
| Profit (loss) for the period | 9904 | €83,831 | €54,548 | -€29,284 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,831 | €54,548 | -€29,284 | -34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.