GOLDEN FRIDAY: 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 FRIDAY
Largest movements
- Cash +€78,831
up €78,831 (+57.9%), from €136,133 to €214,964
mainly Depreciation (+€90,718) and Net result for the year (+€38,253)
- Intangible fixed assets -€31,748
down €31,748 (-10.8%), from €293,986 to €262,237
- Tangible fixed assets -€24,175
down €24,175 (-22.2%), from €108,868 to €84,692
of which Furniture and vehicles: -€27,442
- Receivables within one year -€13,642
down €13,642 (-54.2%), from €25,188 to €11,545
- Reserves +€38,000
up €38,000 (+10.3%), from €370,094 to €408,094
of which Distributable reserves: +€38,000
- Debts after one year -€35,481
down €35,481 (-21.7%), from €163,209 to €127,728
- Gross operating margin -€4,561
down €4,561 (-2.8%), from €160,182 to €155,621
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 | €564,578 | €573,909 | +€9,331 | +1.7% |
| Fixed assets | 21/28 | €402,853 | €346,929 | -€55,924 | -13.9% |
| Intangible fixed assets | 21 | €293,986 | €262,237 | -€31,748 | -10.8% |
| Tangible fixed assets | 22/27 | €108,868 | €84,692 | -€24,175 | -22.2% |
| Plant, machinery and equipment | 23 | €1,525 | €6,593 | +€5,068 | +332% |
| Furniture and vehicles | 24 | €103,713 | €76,271 | -€27,442 | -26.5% |
| Other tangible fixed assets | 26 | €3,630 | €1,828 | -€1,802 | -49.6% |
| Current assets | 29/58 | €161,725 | €226,980 | +€65,255 | +40.3% |
| Amounts receivable within one year | 40/41 | €25,188 | €11,545 | -€13,642 | -54.2% |
| Other amounts receivable | 41 | €25,188 | €11,545 | -€13,642 | -54.2% |
| Cash at bank and in hand | 54/58 | €136,133 | €214,964 | +€78,831 | +57.9% |
| Deferred charges and accrued income | 490/1 | €405 | €471 | +€66 | +16.2% |
| Total equity and liabilities | 10/49 | €564,578 | €573,909 | +€9,331 | +1.7% |
| Equity | 10/15 | €388,475 | €426,728 | +€38,253 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €370,094 | €408,094 | +€38,000 | +10.3% |
| Non-distributable reserves | 130/1 | €1,994 | €1,994 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,994 | €1,994 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,756 | €5,756 | = | 0.0% |
| Distributable reserves | 133 | €362,343 | €400,343 | +€38,000 | +10.5% |
| Profit (loss) carried forward | 14 | €5,981 | €6,234 | +€253 | +4.2% |
| Amounts payable | 17/49 | €176,104 | €147,181 | -€28,923 | -16.4% |
| Amounts payable after more than one year | 17 | €163,209 | €127,728 | -€35,481 | -21.7% |
| Financial debts | 170/4 | €163,209 | €127,728 | -€35,481 | -21.7% |
| Amounts payable within one year | 42/48 | €12,894 | €14,453 | +€1,559 | +12.1% |
| Trade debts | 44 | €1,673 | €3,732 | +€2,059 | +123% |
| Suppliers | 440/4 | €1,673 | €3,732 | +€2,059 | +123% |
| Taxes, remuneration and social security | 45 | €11,221 | €10,720 | -€501 | -4.5% |
| Taxes | 450/3 | €9,616 | €6,129 | -€3,487 | -36.3% |
| Remuneration and social security | 454/9 | €1,606 | €4,592 | +€2,986 | +186% |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,955 | €90,718 | +€763 | +0.8% |
| Other operating charges | 640/8 | €676 | €448 | -€228 | -33.7% |
| Gross operating margin | 9900 | €160,182 | €155,621 | -€4,561 | -2.8% |
| Operating profit (loss) | 9901 | €69,551 | €64,455 | -€5,096 | -7.3% |
| Financial income | 75/76B | €467 | €822 | +€354 | +75.8% |
| Recurring financial income | 75 | €467 | €822 | +€354 | +75.8% |
| Financial charges | 65/66B | €2,512 | €2,364 | -€148 | -5.9% |
| Recurring financial charges | 65 | €2,512 | €2,364 | -€148 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €67,506 | €62,913 | -€4,594 | -6.8% |
| Income taxes | 67/77 | €25,023 | €24,659 | -€364 | -1.5% |
| Profit (loss) for the period | 9904 | €42,483 | €38,253 | -€4,230 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,483 | €38,253 | -€4,230 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.