GOLDEN TOUCH: 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 TOUCH
Largest movements
- Cash -€31,740
down €31,740 (-69.7%), from €45,565 to €13,825
mainly Contributions, distributions and other (-€24,400) and Stocks and contracts (-€16,600)
- Stocks and contracts +€16,600
new in 2026: €16,600
- Tangible fixed assets -€2,688
down €2,688 (-26.8%), from €10,041 to €7,353
- Receivables within one year -€1,504
down €1,504 (-1.9%), from €79,293 to €77,789
of which Other amounts receivable: -€6,574
- Profit (loss) carried forward -€23,157
down €23,157 (-21.6%), from €107,200 to €84,042
- Other debts +€14,400
up €14,400 (+144%), from €10,000 to €24,400
- Current portion of long-term debt -€5,000
down €5,000 (-100%), from €5,000 to €0
- Trade debts -€2,672
down €2,672 (-47.5%), from €5,626 to €2,954
- Tax, wage and social debts -€2,112
down €2,112 (-34.8%), from €6,073 to €3,961
- Gross operating margin -€24,143
down €24,143 (-79.5%), from €30,365 to €6,221
- Taxes -€6,487
down €6,487 (-74.9%), from €8,656 to €2,168
- Financial charges -€1,178
down €1,178 (-81.6%), from €1,444 to €266
- Other operating charges +€506
up €506 (+57.4%), from €882 to €1,388
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,899 | €116,358 | -€18,542 | -13.7% |
| Fixed assets | 21/28 | €10,041 | €7,353 | -€2,688 | -26.8% |
| Tangible fixed assets | 22/27 | €10,041 | €7,353 | -€2,688 | -26.8% |
| Land and buildings | 22 | €6,056 | €5,156 | -€900 | -14.9% |
| Plant, machinery and equipment | 23 | €1,783 | €928 | -€855 | -48.0% |
| Furniture and vehicles | 24 | €2,202 | €1,269 | -€933 | -42.4% |
| Current assets | 29/58 | €124,859 | €109,005 | -€15,854 | -12.7% |
| Stocks and contracts in progress | 3 | - | €16,600 | +€16,600 | |
| Contracts in progress | 37 | - | €16,600 | +€16,600 | |
| Amounts receivable within one year | 40/41 | €79,293 | €77,789 | -€1,504 | -1.9% |
| Trade receivables | 40 | €53,180 | €58,250 | +€5,070 | +9.5% |
| Other amounts receivable | 41 | €26,113 | €19,539 | -€6,574 | -25.2% |
| Cash at bank and in hand | 54/58 | €45,565 | €13,825 | -€31,740 | -69.7% |
| Deferred charges and accrued income | 490/1 | - | €790 | +€790 | |
| Total equity and liabilities | 10/49 | €134,899 | €116,358 | -€18,542 | -13.7% |
| Equity | 10/15 | €108,200 | €85,042 | -€23,157 | -21.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,200 | €84,042 | -€23,157 | -21.6% |
| Amounts payable | 17/49 | €26,700 | €31,315 | +€4,616 | +17.3% |
| Amounts payable within one year | 42/48 | €26,700 | €31,315 | +€4,616 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €0 | -€5,000 | -100% |
| Trade debts | 44 | €5,626 | €2,954 | -€2,672 | -47.5% |
| Suppliers | 440/4 | €5,626 | €2,954 | -€2,672 | -47.5% |
| Taxes, remuneration and social security | 45 | €6,073 | €3,961 | -€2,112 | -34.8% |
| Taxes | 450/3 | €6,073 | €3,961 | -€2,112 | -34.8% |
| Other amounts payable | 47/48 | €10,000 | €24,400 | +€14,400 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | €2,688 | -€210 | -7.2% |
| Other operating charges | 640/8 | €882 | €1,388 | +€506 | +57.4% |
| Gross operating margin | 9900 | €30,365 | €6,221 | -€24,143 | -79.5% |
| Operating profit (loss) | 9901 | €26,585 | €2,146 | -€24,440 | -91.9% |
| Financial income | 75/76B | €1,714 | €1,531 | -€182 | -10.6% |
| Recurring financial income | 75 | €1,714 | €1,531 | -€182 | -10.6% |
| Financial charges | 65/66B | €1,444 | €266 | -€1,178 | -81.6% |
| Recurring financial charges | 65 | €1,444 | €266 | -€1,178 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €26,854 | €3,411 | -€23,443 | -87.3% |
| Income taxes | 67/77 | €8,656 | €2,168 | -€6,487 | -74.9% |
| Profit (loss) for the period | 9904 | €18,199 | €1,243 | -€16,956 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,199 | €1,243 | -€16,956 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.