GOLDEN MOVE: 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 MOVE
Largest movements
- Receivables within one year -€53,962
down €53,962 (-84.4%), from €63,942 to €9,980
of which Other amounts receivable: -€27,392
- Cash +€25,538
up €25,538 (+1,963%), from €1,301 to €26,839
mainly Receivables within one year (+€53,962) and Tax, wage and social debts (+€32,688)
- Deferred charges and accrued income +€1,517
up €1,517 (+256%), from €591 to €2,108
- Tax, wage and social debts +€32,688
up €32,688 (+31.9%), from €102,397 to €135,085
of which Remuneration and social security: +€32,910
- Other debts -€28,423
down €28,423 (-7.4%), from €383,704 to €355,281
- Trade debts -€21,181
down €21,181 (-55.6%), from €38,095 to €16,915
- Profit (loss) carried forward -€9,982
down €9,982 (-0.7%), from -€1.4m to -€1.4m
- Staff costs +€35,802
up €35,802 (+10.4%), from €343,236 to €379,037
- Turnover +€33,325
up €33,325 (+7.1%), from €466,919 to €500,244
- Services and other goods +€8,545
up €8,545 (+7.6%), from €112,161 to €120,706
- Financial charges -€6,575
down €6,575 (-59.3%), from €11,093 to €4,518
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 | €146,393 | €119,495 | -€26,898 | -18.4% |
| Fixed assets | 21/28 | €80,558 | €80,568 | +€10 | 0.0% |
| Tangible fixed assets | 22/27 | €18,158 | €18,168 | +€10 | +0.1% |
| Furniture and vehicles | 24 | €18,158 | €18,168 | +€10 | +0.1% |
| Financial fixed assets | 28 | €62,400 | €62,400 | = | 0.0% |
| Affiliated companies | 280/1 | €62,000 | €62,000 | = | 0.0% |
| Participating interests | 280 | €62,000 | €62,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €400 | €400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €65,835 | €38,927 | -€26,908 | -40.9% |
| Amounts receivable within one year | 40/41 | €63,942 | €9,980 | -€53,962 | -84.4% |
| Trade receivables | 40 | €30,200 | €3,630 | -€26,570 | -88.0% |
| Other amounts receivable | 41 | €33,742 | €6,350 | -€27,392 | -81.2% |
| Cash at bank and in hand | 54/58 | €1,301 | €26,839 | +€25,538 | +1,963% |
| Deferred charges and accrued income | 490/1 | €591 | €2,108 | +€1,517 | +256% |
| Total equity and liabilities | 10/49 | €146,393 | €119,495 | -€26,898 | -18.4% |
| Equity | 10/15 | -€377,803 | -€387,786 | -€9,982 | -2.6% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €733,946 | €733,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,073 | €34,073 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,283 | €9,283 | = | 0.0% |
| Distributable reserves | 133 | €699,873 | €699,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,359,643 | -€1,369,625 | -€9,982 | -0.7% |
| Amounts payable | 17/49 | €524,196 | €507,281 | -€16,916 | -3.2% |
| Amounts payable within one year | 42/48 | €524,196 | €507,281 | -€16,916 | -3.2% |
| Trade debts | 44 | €38,095 | €16,915 | -€21,181 | -55.6% |
| Suppliers | 440/4 | €38,095 | €16,915 | -€21,181 | -55.6% |
| Taxes, remuneration and social security | 45 | €102,397 | €135,085 | +€32,688 | +31.9% |
| Taxes | 450/3 | €29,593 | €29,370 | -€223 | -0.8% |
| Remuneration and social security | 454/9 | €72,804 | €105,715 | +€32,910 | +45.2% |
| Other amounts payable | 47/48 | €383,704 | €355,281 | -€28,423 | -7.4% |
| Operating income | 70/76A | €466,919 | €500,244 | +€33,325 | +7.1% |
| Turnover | 70 | €466,919 | €500,244 | +€33,325 | +7.1% |
| Operating charges | 60/66A | €459,590 | €505,695 | +€46,106 | +10.0% |
| Services and other goods | 61 | €112,161 | €120,706 | +€8,545 | +7.6% |
| Remuneration, social security and pensions | 62 | €343,236 | €379,037 | +€35,802 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,642 | €4,990 | +€1,348 | +37.0% |
| Other operating charges | 640/8 | €551 | €962 | +€411 | +74.6% |
| Operating profit (loss) | 9901 | €7,329 | -€5,452 | -€12,781 | |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Income from current assets | 751 | - | €17 | +€17 | |
| Financial charges | 65/66B | €11,093 | €4,518 | -€6,575 | -59.3% |
| Recurring financial charges | 65 | €11,093 | €4,518 | -€6,575 | -59.3% |
| Debt charges | 650 | €11,093 | €4,518 | -€6,575 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,764 | -€9,953 | -€6,189 | -164% |
| Income taxes | 67/77 | - | €29 | +€29 | |
| Taxes | 670/3 | - | €29 | +€29 | |
| Profit (loss) for the period | 9904 | -€3,764 | -€9,982 | -€6,218 | -165% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,764 | -€9,982 | -€6,218 | -165% |
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 21 October 2026 via checked.be.