GOLDBAR: 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.
GOLDBAR
Largest movements
- Tangible fixed assets -€7,569
down €7,569 (-11.7%), from €64,722 to €57,153
of which Other tangible fixed assets: -€6,170
- Receivables within one year +€905
up €905 (+1885.8%), from €48 to €953
of which Trade receivables: +€882
- Contributions +€22,000
up €22,000 (+31.4%), from €70,000 to €92,000
- Profit (loss) carried forward -€20,401
down €20,401 (-68.4%), from -€29,836 to -€50,238
- Debts after one year -€10,022
down €10,022 (-34.0%), from €29,472 to €19,451
- Tax, wage and social debts +€2,306
up €2,306 (+59.4%), from €3,882 to €6,188
of which Taxes: +€1,325
- Trade debts -€1,302
down €1,302 (-69.2%), from €1,882 to €580
- Staff costs -€16,840
down €16,840 (-78.0%), from €21,591 to €4,751
- Gross operating margin -€13,183
down €13,183, from €8,345 to -€4,838
- Depreciation -€3,843
down €3,843 (-28.6%), from €13,423 to €9,579
- Other operating charges -€1,285
down €1,285 (-73.7%), from €1,745 to €460
- Financial charges -€650
down €650 (-45.7%), from €1,423 to €773
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 | €85,130 | €78,002 | -€7,127 | -8.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €72,354 | €64,125 | -€8,229 | -11.4% |
| Intangible fixed assets | 21 | €2,801 | €2,141 | -€660 | -23.6% |
| Tangible fixed assets | 22/27 | €64,722 | €57,153 | -€7,569 | -11.7% |
| Plant, machinery and equipment | 23 | €3,051 | €2,221 | -€830 | -27.2% |
| Furniture and vehicles | 24 | €2,272 | €1,702 | -€570 | -25.1% |
| Other tangible fixed assets | 26 | €59,400 | €53,229 | -€6,170 | -10.4% |
| Financial fixed assets | 28 | €4,831 | €4,831 | = | 0.0% |
| Current assets | 29/58 | €12,775 | €13,878 | +€1,102 | +8.6% |
| Stocks and contracts in progress | 3 | €3,916 | €3,852 | -€63 | -1.6% |
| Stocks | 30/36 | €3,916 | €3,852 | -€63 | -1.6% |
| Amounts receivable within one year | 40/41 | €48 | €953 | +€905 | +1885.8% |
| Trade receivables | 40 | - | €882 | +€882 | |
| Other amounts receivable | 41 | €48 | €72 | +€24 | +49.0% |
| Cash at bank and in hand | 54/58 | €8,382 | €8,344 | -€38 | -0.5% |
| Deferred charges and accrued income | 490/1 | €430 | €728 | +€298 | +69.5% |
| Total equity and liabilities | 10/49 | €85,130 | €78,002 | -€7,127 | -8.4% |
| Equity | 10/15 | €40,164 | €41,762 | +€1,599 | +4.0% |
| Contributions | 10/11 | €70,000 | €92,000 | +€22,000 | +31.4% |
| Profit (loss) carried forward | 14 | -€29,836 | -€50,238 | -€20,401 | -68.4% |
| Amounts payable | 17/49 | €44,966 | €36,240 | -€8,726 | -19.4% |
| Amounts payable after more than one year | 17 | €29,472 | €19,451 | -€10,022 | -34.0% |
| Financial debts | 170/4 | €29,472 | €19,451 | -€10,022 | -34.0% |
| Amounts payable within one year | 42/48 | €15,494 | €16,790 | +€1,296 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €9,730 | €10,022 | +€292 | +3.0% |
| Trade debts | 44 | €1,882 | €580 | -€1,302 | -69.2% |
| Suppliers | 440/4 | €1,882 | €580 | -€1,302 | -69.2% |
| Taxes, remuneration and social security | 45 | €3,882 | €6,188 | +€2,306 | +59.4% |
| Taxes | 450/3 | €3,567 | €4,892 | +€1,325 | +37.1% |
| Remuneration and social security | 454/9 | €314 | €1,296 | +€982 | +312.3% |
| Remuneration, social security and pensions | 62 | €21,591 | €4,751 | -€16,840 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,423 | €9,579 | -€3,843 | -28.6% |
| Other operating charges | 640/8 | €1,745 | €460 | -€1,285 | -73.7% |
| Gross operating margin | 9900 | €8,345 | -€4,838 | -€13,183 | |
| Operating profit (loss) | 9901 | -€28,414 | -€19,628 | +€8,786 | +30.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,423 | €773 | -€650 | -45.7% |
| Recurring financial charges | 65 | €1,423 | €773 | -€650 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,836 | -€20,401 | +€9,435 | +31.6% |
| Profit (loss) for the period | 9904 | -€29,836 | -€20,401 | +€9,435 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,836 | -€20,401 | +€9,435 | +31.6% |
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 30 September 2026 via checked.be.