GOLDEN ICE: 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 ICE
Largest movements
- Tangible fixed assets +€15,496
up €15,496 (+935%), from €1,657 to €17,153
of which Furniture and vehicles: +€16,063
- Cash +€8,290
up €8,290 (+207%), from €4,008 to €12,298
mainly Debts after one year (+€15,785) and Trade debts (+€9,078)
- Formation expenses +€5,006
new in 2025: €5,006
- Receivables within one year +€4,111
up €4,111 (+111%), from €3,715 to €7,826
of which Other amounts receivable: +€3,759
- Intangible fixed assets +€3,402
up €3,402, from €0 to €3,402
- Debts after one year +€15,785
new in 2025: €15,785
- Trade debts +€9,078
up €9,078 (+2,832%), from €321 to €9,399
- Current portion of long-term debt +€4,596
new in 2025: €4,596
- Profit (loss) carried forward +€3,975
up €3,975, from -€3,037 to €938
- Tax, wage and social debts +€3,946
up €3,946, from €0 to €3,946
of which Remuneration and social security: +€3,946
- Gross operating margin +€65,313
up €65,313, from -€11,709 to €53,604
- Turnover +€44,454
up €44,454 (+35.8%), from €124,028 to €168,481
- Staff costs +€22,973
up €22,973 (+167%), from €13,793 to €36,765
- Purchases and services -€20,855
down €20,855 (-15.4%), from €135,860 to €115,005
- Other operating charges +€5,721
up €5,721 (+1,191%), from €480 to €6,201
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 | €11,713 | €49,023 | +€37,310 | +319% |
| Formation expenses | 20 | - | €5,006 | +€5,006 | |
| Fixed assets | 21/28 | €1,837 | €20,735 | +€18,898 | +1,029% |
| Intangible fixed assets | 21 | €0 | €3,402 | +€3,402 | |
| Tangible fixed assets | 22/27 | €1,657 | €17,153 | +€15,496 | +935% |
| Plant, machinery and equipment | 23 | €1,657 | €1,090 | -€567 | -34.2% |
| Furniture and vehicles | 24 | €0 | €16,063 | +€16,063 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €9,875 | €23,282 | +€13,407 | +136% |
| Stocks and contracts in progress | 3 | €2,153 | €3,158 | +€1,006 | +46.7% |
| Stocks | 30/36 | €2,153 | €3,158 | +€1,006 | +46.7% |
| Amounts receivable within one year | 40/41 | €3,715 | €7,826 | +€4,111 | +111% |
| Trade receivables | 40 | €910 | €1,263 | +€353 | +38.7% |
| Other amounts receivable | 41 | €2,804 | €6,563 | +€3,759 | +134% |
| Cash at bank and in hand | 54/58 | €4,008 | €12,298 | +€8,290 | +207% |
| Total equity and liabilities | 10/49 | €11,713 | €49,023 | +€37,310 | +319% |
| Equity | 10/15 | €11,323 | €15,298 | +€3,975 | +35.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,037 | €938 | +€3,975 | |
| Amounts payable | 17/49 | €389 | €33,724 | +€33,335 | +8,568% |
| Amounts payable after more than one year | 17 | - | €15,785 | +€15,785 | |
| Financial debts | 170/4 | - | €15,785 | +€15,785 | |
| Amounts payable within one year | 42/48 | €389 | €17,940 | +€17,551 | +4,511% |
| Current portion of amounts payable after more than one year | 42 | - | €4,596 | +€4,596 | |
| Trade debts | 44 | €321 | €9,399 | +€9,078 | +2,832% |
| Suppliers | 440/4 | €321 | €9,399 | +€9,078 | +2,832% |
| Taxes, remuneration and social security | 45 | €0 | €3,946 | +€3,946 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €3,946 | +€3,946 | |
| Other amounts payable | 47/48 | €69 | - | -€69 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €124,028 | €168,481 | +€44,454 | +35.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €135,860 | €115,005 | -€20,855 | -15.4% |
| Remuneration, social security and pensions | 62 | €13,793 | €36,765 | +€22,973 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €4,669 | +€4,216 | +931% |
| Other operating charges | 640/8 | €480 | €6,201 | +€5,721 | +1,191% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€11,709 | €53,604 | +€65,313 | |
| Operating profit (loss) | 9901 | -€26,435 | €5,969 | +€32,404 | |
| Financial income | 75/76B | €358 | €229 | -€129 | -36.1% |
| Recurring financial income | 75 | €358 | €61 | -€298 | -83.0% |
| Non-recurring financial income | 76B | - | €168 | +€168 | |
| Financial charges | 65/66B | €293 | €2,217 | +€1,924 | +657% |
| Recurring financial charges | 65 | €293 | €1,880 | +€1,587 | +542% |
| Non-recurring financial charges | 66B | - | €337 | +€337 | |
| Profit (loss) for the period before taxes | 9903 | -€26,369 | €3,982 | +€30,351 | |
| Income taxes | 67/77 | - | €7 | +€7 | |
| Profit (loss) for the period | 9904 | -€26,369 | €3,975 | +€30,344 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,369 | €3,975 | +€30,344 |
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 23 October 2026 via checked.be.