GOLDEN TEAM: 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 TEAM
Largest movements
- Tangible fixed assets +€33,691
up €33,691 (+11.2%), from €299,924 to €333,615
of which Plant, machinery and equipment: +€46,030
- Receivables within one year +€27,330
up €27,330 (+98.8%), from €27,670 to €55,000
of which Trade receivables: +€18,073
- Cash -€5,323
down €5,323 (-16.8%), from €31,625 to €26,302
mainly Investment in fixed assets (net) (-€84,864) and Receivables within one year (-€27,330)
- Trade debts +€32,080
up €32,080 (+433%), from €7,413 to €39,493
- Profit (loss) carried forward +€17,240
up €17,240 (+7.0%), from €246,060 to €263,300
- Debts after one year +€6,522
up €6,522 (+17.6%), from €36,975 to €43,497
- Other debts -€5,541
down €5,541 (-52.4%), from €10,569 to €5,028
- Turnover -€276,197
down €276,197 (-100%), from €276,197 to €0
- Purchases and services -€224,446
down €224,446 (-100%), from €224,446 to €0
- Other operating charges -€19,899
down €19,899 (-87.4%), from €22,775 to €2,877
- Taxes +€12,510
up €12,510, from -€6,908 to €5,602
- Staff costs +€10,982
up €10,982, from €0 to €10,982
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,825 | €420,116 | +€54,291 | +14.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €299,924 | €333,820 | +€33,896 | +11.3% |
| Tangible fixed assets | 22/27 | €299,924 | €333,615 | +€33,691 | +11.2% |
| Land and buildings | 22 | €280,002 | €267,663 | -€12,339 | -4.4% |
| Plant, machinery and equipment | 23 | €19,922 | €65,952 | +€46,030 | +231% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €205 | +€205 | |
| Current assets | 29/58 | €65,901 | €86,296 | +€20,395 | +30.9% |
| Stocks and contracts in progress | 3 | €4,786 | €3,525 | -€1,261 | -26.3% |
| Stocks | 30/36 | €4,786 | €3,525 | -€1,261 | -26.3% |
| Amounts receivable within one year | 40/41 | €27,670 | €55,000 | +€27,330 | +98.8% |
| Trade receivables | 40 | €9,562 | €27,635 | +€18,073 | +189% |
| Other amounts receivable | 41 | €18,108 | €27,365 | +€9,257 | +51.1% |
| Cash at bank and in hand | 54/58 | €31,625 | €26,302 | -€5,323 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,820 | €1,469 | -€350 | -19.2% |
| Total equity and liabilities | 10/49 | €365,825 | €420,116 | +€54,291 | +14.8% |
| Equity | 10/15 | €293,329 | €310,569 | +€17,240 | +5.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €7,269 | €7,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,269 | €3,269 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,060 | €263,300 | +€17,240 | +7.0% |
| Amounts payable | 17/49 | €72,496 | €109,547 | +€37,051 | +51.1% |
| Amounts payable after more than one year | 17 | €36,975 | €43,497 | +€6,522 | +17.6% |
| Financial debts | 170/4 | €36,975 | €43,497 | +€6,522 | +17.6% |
| Amounts payable within one year | 42/48 | €35,521 | €65,820 | +€30,299 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €17,540 | €20,917 | +€3,377 | +19.3% |
| Trade debts | 44 | €7,413 | €39,493 | +€32,080 | +433% |
| Suppliers | 440/4 | €7,413 | €39,493 | +€32,080 | +433% |
| Taxes, remuneration and social security | 45 | €0 | €383 | +€383 | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | - | €383 | +€383 | |
| Other amounts payable | 47/48 | €10,569 | €5,028 | -€5,541 | -52.4% |
| Accrued charges and deferred income | 492/3 | - | €230 | +€230 | |
| Turnover | 70 | €276,197 | €0 | -€276,197 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €224,446 | €0 | -€224,446 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €10,982 | +€10,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,622 | €50,969 | +€5,346 | +11.7% |
| Other operating charges | 640/8 | €22,775 | €2,877 | -€19,899 | -87.4% |
| Gross operating margin | 9900 | €85,809 | €91,077 | +€5,268 | +6.1% |
| Operating profit (loss) | 9901 | €17,412 | €26,250 | +€8,838 | +50.8% |
| Financial income | 75/76B | €149 | €116 | -€33 | -22.1% |
| Recurring financial income | 75 | €149 | €116 | -€33 | -22.1% |
| Financial charges | 65/66B | €4,405 | €3,524 | -€881 | -20.0% |
| Recurring financial charges | 65 | €4,405 | €3,524 | -€881 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €13,156 | €22,842 | +€9,686 | +73.6% |
| Income taxes | 67/77 | -€6,908 | €5,602 | +€12,510 | |
| Profit (loss) for the period | 9904 | €20,064 | €17,240 | -€2,824 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,064 | €17,240 | -€2,824 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.