Golden Eagle Estate: 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 Eagle Estate
Largest movements
- Cash +€48,911
up €48,911 (+75.6%), from €64,719 to €113,630
mainly Net result for the year (+€58,504) and Tax, wage and social debts (+€3,555)
- Receivables within one year +€12,320
up €12,320 (+104%), from €11,797 to €24,117
of which Trade receivables: +€12,345
- Tangible fixed assets +€1,923
up €1,923 (+27.8%), from €6,924 to €8,848
of which Furniture and vehicles: +€3,393
- Reserves +€58,504
up €58,504 (+101%), from €58,176 to €116,681
- Tax, wage and social debts +€3,555
up €3,555 (+16.9%), from €20,974 to €24,529
- Gross operating margin +€5,762
up €5,762 (+7.5%), from €77,010 to €82,771
- Financial charges +€3,399
up €3,399 (+111%), from €3,064 to €6,463
- Depreciation +€1,537
up €1,537 (+362%), from €424 to €1,961
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 | €83,440 | €146,594 | +€63,154 | +75.7% |
| Fixed assets | 21/28 | €6,924 | €8,848 | +€1,923 | +27.8% |
| Tangible fixed assets | 22/27 | €6,924 | €8,848 | +€1,923 | +27.8% |
| Plant, machinery and equipment | 23 | €6,924 | €5,455 | -€1,470 | -21.2% |
| Furniture and vehicles | 24 | - | €3,393 | +€3,393 | |
| Current assets | 29/58 | €76,516 | €137,747 | +€61,231 | +80.0% |
| Amounts receivable within one year | 40/41 | €11,797 | €24,117 | +€12,320 | +104% |
| Trade receivables | 40 | €11,772 | €24,117 | +€12,345 | +105% |
| Other amounts receivable | 41 | €25 | - | -€25 | |
| Cash at bank and in hand | 54/58 | €64,719 | €113,630 | +€48,911 | +75.6% |
| Total equity and liabilities | 10/49 | €83,440 | €146,594 | +€63,154 | +75.7% |
| Equity | 10/15 | €60,176 | €118,681 | +€58,504 | +97.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €58,176 | €116,681 | +€58,504 | +101% |
| Distributable reserves | 133 | €58,176 | €116,681 | +€58,504 | +101% |
| Amounts payable | 17/49 | €23,264 | €27,914 | +€4,650 | +20.0% |
| Amounts payable within one year | 42/48 | €23,264 | €27,714 | +€4,450 | +19.1% |
| Trade debts | 44 | €542 | €579 | +€37 | +6.8% |
| Suppliers | 440/4 | €542 | €579 | +€37 | +6.8% |
| Taxes, remuneration and social security | 45 | €20,974 | €24,529 | +€3,555 | +16.9% |
| Taxes | 450/3 | €20,974 | €24,529 | +€3,555 | +16.9% |
| Other amounts payable | 47/48 | €1,748 | €2,606 | +€858 | +49.1% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424 | €1,961 | +€1,537 | +362% |
| Other operating charges | 640/8 | €252 | €393 | +€141 | +55.8% |
| Gross operating margin | 9900 | €77,010 | €82,771 | +€5,762 | +7.5% |
| Operating profit (loss) | 9901 | €76,333 | €80,417 | +€4,084 | +5.3% |
| Financial income | 75/76B | - | €229 | +€229 | |
| Recurring financial income | 75 | - | €229 | +€229 | |
| Financial charges | 65/66B | €3,064 | €6,463 | +€3,399 | +111% |
| Recurring financial charges | 65 | €3,064 | €6,463 | +€3,399 | +111% |
| Profit (loss) for the period before taxes | 9903 | €73,269 | €74,183 | +€914 | +1.2% |
| Income taxes | 67/77 | €15,093 | €15,679 | +€586 | +3.9% |
| Profit (loss) for the period | 9904 | €58,176 | €58,504 | +€328 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,176 | €58,504 | +€328 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.