GOLDEN CAB: 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.
GOLDEN CAB
Largest movements
- Deferred charges and accrued income -€11,929
no longer reported in 2025 (was €11,929)
- Receivables within one year -€11,871
down €11,871 (-30.5%), from €38,916 to €27,044
of which Trade receivables: -€12,174
- Tangible fixed assets -€5,242
down €5,242 (-92.6%), from €5,659 to €417
- Cash +€5,236
up €5,236 (+264%), from €1,983 to €7,219
- Other debts -€10,849
no longer reported in 2025 (was €10,849)
- Advances received -€9,892
no longer reported in 2025 (was €9,892)
- Profit (loss) carried forward +€9,886
up €9,886 (+33.9%), from -€29,163 to -€19,277
- Tax, wage and social debts -€6,557
down €6,557 (-61.7%), from €10,631 to €4,074
of which Remuneration and social security: -€7,500
- Trade debts -€6,395
down €6,395 (-50.4%), from €12,677 to €6,283
- Gross operating margin +€19,886
up €19,886 (+207%), from €9,602 to €29,487
- Depreciation -€10,079
down €10,079 (-94.2%), from €10,705 to €626
- Taxes +€2,696
new in 2025: €2,696
- Financial charges -€580
down €580 (-68.1%), from €852 to €272
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,487 | €34,680 | -€23,806 | -40.7% |
| Fixed assets | 21/28 | €5,659 | €417 | -€5,242 | -92.6% |
| Tangible fixed assets | 22/27 | €5,659 | €417 | -€5,242 | -92.6% |
| Furniture and vehicles | 24 | €5,659 | €417 | -€5,242 | -92.6% |
| Current assets | 29/58 | €52,828 | €34,263 | -€18,565 | -35.1% |
| Amounts receivable within one year | 40/41 | €38,916 | €27,044 | -€11,871 | -30.5% |
| Trade receivables | 40 | €31,020 | €18,846 | -€12,174 | -39.2% |
| Other amounts receivable | 41 | €7,896 | €8,198 | +€302 | +3.8% |
| Cash at bank and in hand | 54/58 | €1,983 | €7,219 | +€5,236 | +264% |
| Deferred charges and accrued income | 490/1 | €11,929 | - | -€11,929 | |
| Total equity and liabilities | 10/49 | €58,487 | €34,680 | -€23,806 | -40.7% |
| Equity | 10/15 | €14,437 | €24,323 | +€9,886 | +68.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,163 | -€19,277 | +€9,886 | +33.9% |
| Amounts payable | 17/49 | €44,050 | €10,357 | -€33,693 | -76.5% |
| Amounts payable within one year | 42/48 | €44,050 | €10,357 | -€33,693 | -76.5% |
| Trade debts | 44 | €12,677 | €6,283 | -€6,395 | -50.4% |
| Suppliers | 440/4 | €12,677 | €6,283 | -€6,395 | -50.4% |
| Advances received on contracts in progress | 46 | €9,892 | - | -€9,892 | |
| Taxes, remuneration and social security | 45 | €10,631 | €4,074 | -€6,557 | -61.7% |
| Taxes | 450/3 | €3,131 | €4,074 | +€943 | +30.1% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €10,849 | - | -€10,849 | |
| Non-recurring operating income | 76A | - | €285 | +€285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,705 | €626 | -€10,079 | -94.2% |
| Other operating charges | 640/8 | €2,959 | €2,995 | +€36 | +1.2% |
| Non-recurring operating charges | 66A | - | €6,446 | +€6,446 | |
| Gross operating margin | 9900 | €9,602 | €29,487 | +€19,886 | +207% |
| Operating profit (loss) | 9901 | -€4,062 | €19,420 | +€23,483 | |
| Financial charges | 65/66B | €852 | €272 | -€580 | -68.1% |
| Recurring financial charges | 65 | €852 | €272 | -€580 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,914 | €19,149 | +€24,063 | |
| Income taxes | 67/77 | - | €2,696 | +€2,696 | |
| Profit (loss) for the period | 9904 | -€4,914 | €16,452 | +€21,367 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,914 | €16,452 | +€21,367 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.