GOLDEN MART: 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 MART
Largest movements
- Stocks and contracts +€34,216
up €34,216 (+855.4%), from €4,000 to €38,216
- Receivables within one year +€18,244
up €18,244 (+975.6%), from €1,870 to €20,114
of which Trade receivables: +€18,244
- Cash +€7,815
up €7,815 (+51.6%), from €15,147 to €22,962
mainly Trade debts (+€47,041) and Debts after one year (+€4,885)
- Tangible fixed assets -€1,471
down €1,471 (-33.3%), from €4,413 to €2,942
- Trade debts +€47,041
up €47,041 (+500.5%), from €9,399 to €56,440
- Debts after one year +€4,885
up €4,885 (+61.2%), from €7,987 to €12,872
- Tax, wage and social debts +€4,660
up €4,660 (+592.9%), from €786 to €5,446
of which Taxes: +€3,470
- Profit (loss) carried forward +€2,218
up €2,218 (+98.2%), from €2,258 to €4,476
- Gross operating margin +€42,046
up €42,046 (+827.4%), from €5,082 to €47,128
- Staff costs +€40,453
new in 2025: €40,453
- Purchases and services -€38,744
down €38,744 (-7.7%), from €505,770 to €467,026
- Turnover -€7,708
down €7,708 (-1.5%), from €503,788 to €496,080
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.
Cash bridge derived
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 | €25,430 | €84,234 | +€58,804 | +231.2% |
| Fixed assets | 21/28 | €4,413 | €2,942 | -€1,471 | -33.3% |
| Tangible fixed assets | 22/27 | €4,413 | €2,942 | -€1,471 | -33.3% |
| Furniture and vehicles | 24 | €4,413 | €2,942 | -€1,471 | -33.3% |
| Current assets | 29/58 | €21,017 | €81,292 | +€60,275 | +286.8% |
| Stocks and contracts in progress | 3 | €4,000 | €38,216 | +€34,216 | +855.4% |
| Stocks | 30/36 | €4,000 | €38,216 | +€34,216 | +855.4% |
| Amounts receivable within one year | 40/41 | €1,870 | €20,114 | +€18,244 | +975.6% |
| Trade receivables | 40 | €470 | €18,714 | +€18,244 | +3881.7% |
| Other amounts receivable | 41 | €1,400 | €1,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,147 | €22,962 | +€7,815 | +51.6% |
| Total equity and liabilities | 10/49 | €25,430 | €84,234 | +€58,804 | +231.2% |
| Equity | 10/15 | €7,258 | €9,476 | +€2,218 | +30.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €2,258 | €4,476 | +€2,218 | +98.2% |
| Amounts payable | 17/49 | €18,172 | €74,758 | +€56,586 | +311.4% |
| Amounts payable after more than one year | 17 | €7,987 | €12,872 | +€4,885 | +61.2% |
| Financial debts | 170/4 | €7,987 | €12,872 | +€4,885 | +61.2% |
| Amounts payable within one year | 42/48 | €10,185 | €61,886 | +€51,701 | +507.6% |
| Trade debts | 44 | €9,399 | €56,440 | +€47,041 | +500.5% |
| Suppliers | 440/4 | €9,399 | €56,440 | +€47,041 | +500.5% |
| Taxes, remuneration and social security | 45 | €786 | €5,446 | +€4,660 | +592.9% |
| Taxes | 450/3 | €786 | €4,256 | +€3,470 | +441.5% |
| Remuneration and social security | 454/9 | - | €1,190 | +€1,190 | |
| Turnover | 70 | €503,788 | €496,080 | -€7,708 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €505,770 | €467,026 | -€38,744 | -7.7% |
| Remuneration, social security and pensions | 62 | - | €40,453 | +€40,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,471 | +€1,471 | |
| Other operating charges | 640/8 | €143 | €813 | +€670 | +468.5% |
| Gross operating margin | 9900 | €5,082 | €47,128 | +€42,046 | +827.4% |
| Operating profit (loss) | 9901 | €4,939 | €4,391 | -€548 | -11.1% |
| Financial charges | 65/66B | €1,928 | €814 | -€1,114 | -57.8% |
| Recurring financial charges | 65 | €1,928 | €814 | -€1,114 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €3,011 | €3,577 | +€566 | +18.8% |
| Income taxes | 67/77 | €753 | €739 | -€14 | -1.9% |
| Profit (loss) for the period | 9904 | €2,258 | €2,838 | +€580 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,258 | €2,838 | +€580 | +25.7% |
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 10 October 2026 via checked.be.