GOLDEM: 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.
GOLDEM
Largest movements
- Stocks and contracts +€287,160
new in 2024: €287,160
- Cash +€8,003
up €8,003 (+2.7%), from €296,823 to €304,826
mainly Debts after one year (+€255,000) and Net result for the year (+€36,956)
- Debts after one year +€255,000
new in 2024: €255,000
- Profit (loss) carried forward +€36,956
up €36,956 (+14.3%), from €257,954 to €294,910
- Gross operating margin -€63,391
down €63,391 (-50.8%), from €124,705 to €61,314
- Taxes -€14,615
down €14,615 (-51.6%), from €28,318 to €13,703
- Financial income +€3,767
new in 2024: €3,767
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.
Derived cash bridge
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 | €367,131 | €656,220 | +€289,089 | +78.7% |
| Fixed assets | 21/28 | €48,657 | €46,723 | -€1,934 | -4.0% |
| Tangible fixed assets | 22/27 | €48,417 | €46,483 | -€1,934 | -4.0% |
| Leasing and similar rights | 25 | €48,417 | €46,483 | -€1,934 | -4.0% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €318,474 | €609,497 | +€291,024 | +91.4% |
| Stocks and contracts in progress | 3 | - | €287,160 | +€287,160 | |
| Stocks | 30/36 | - | €287,160 | +€287,160 | |
| Amounts receivable within one year | 40/41 | €19,432 | €16,583 | -€2,849 | -14.7% |
| Trade receivables | 40 | €17,750 | €14,141 | -€3,609 | -20.3% |
| Other amounts receivable | 41 | €1,682 | €2,442 | +€760 | +45.2% |
| Cash at bank and in hand | 54/58 | €296,823 | €304,826 | +€8,003 | +2.7% |
| Deferred charges and accrued income | 490/1 | €2,219 | €929 | -€1,290 | -58.1% |
| Total equity and liabilities | 10/49 | €367,131 | €656,220 | +€289,089 | +78.7% |
| Equity | 10/15 | €340,577 | €377,533 | +€36,956 | +10.9% |
| Contributions | 10/11 | €75,112 | €75,112 | = | 0.0% |
| Capital | 10 | €75,112 | €75,112 | = | 0.0% |
| Issued capital | 100 | €75,112 | €75,112 | = | 0.0% |
| Reserves | 13 | €7,511 | €7,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,511 | €7,511 | = | 0.0% |
| Legal reserve | 130 | €7,511 | €7,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,954 | €294,910 | +€36,956 | +14.3% |
| Amounts payable | 17/49 | €26,554 | €278,687 | +€252,133 | +949% |
| Amounts payable after more than one year | 17 | - | €255,000 | +€255,000 | |
| Financial debts | 170/4 | - | €255,000 | +€255,000 | |
| Amounts payable within one year | 42/48 | €26,554 | €23,687 | -€2,867 | -10.8% |
| Trade debts | 44 | €209 | - | -€209 | |
| Suppliers | 440/4 | €209 | - | -€209 | |
| Taxes, remuneration and social security | 45 | €15,316 | €12,736 | -€2,580 | -16.8% |
| Taxes | 450/3 | €15,316 | €12,736 | -€2,580 | -16.8% |
| Other amounts payable | 47/48 | €11,029 | €10,951 | -€78 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €1,934 | = | 0.0% |
| Other operating charges | 640/8 | €11,519 | €11,898 | +€379 | +3.3% |
| Gross operating margin | 9900 | €124,705 | €61,314 | -€63,391 | -50.8% |
| Operating profit (loss) | 9901 | €111,252 | €47,482 | -€63,770 | -57.3% |
| Financial income | 75/76B | - | €3,767 | +€3,767 | |
| Recurring financial income | 75 | - | €3,767 | +€3,767 | |
| Financial charges | 65/66B | €84 | €590 | +€506 | +603% |
| Recurring financial charges | 65 | €84 | €590 | +€506 | +603% |
| Profit (loss) for the period before taxes | 9903 | €111,168 | €50,659 | -€60,508 | -54.4% |
| Income taxes | 67/77 | €28,318 | €13,703 | -€14,615 | -51.6% |
| Profit (loss) for the period | 9904 | €82,850 | €36,956 | -€45,893 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,850 | €36,956 | -€45,893 | -55.4% |
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 20 October 2026 via checked.be.