GOLDEN WOK: what changed
GOLDEN WOK
Largest movements
- Receivables within one year -€38,083
down €38,083 (-77.6%), from €49,094 to €11,011
of which Trade receivables: -€43,144
- Cash -€31,659
down €31,659 (-56.5%), from €56,041 to €24,382
mainly Trade debts (-€26,151) and Other debts (-€25,882)
- Tangible fixed assets -€13,811
down €13,811 (-12.2%), from €113,151 to €99,340
- Stocks and contracts +€7,200
up €7,200 (+53.1%), from €13,557 to €20,757
- Trade debts -€26,151
down €26,151 (-70.4%), from €37,145 to €10,994
- Other debts -€25,882
down €25,882 (-21.6%), from €119,985 to €94,103
- Profit (loss) carried forward -€18,067
down €18,067 (-42.8%), from €42,250 to €24,183
- Tax, wage and social debts -€6,118
down €6,118 (-22.8%), from €26,849 to €20,731
of which Taxes: -€6,198
- Staff costs +€20,858
up €20,858 (+22.4%), from €93,128 to €113,986
- Gross operating margin -€7,681
down €7,681 (-6.2%), from €124,469 to €116,788
- Financial charges +€2,362
up €2,362 (+276%), from €856 to €3,218
- Financial income +€2,359
up €2,359 (+292%), from €807 to €3,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,429 | €156,211 | -€76,218 | -32.8% |
| Fixed assets | 21/28 | €113,364 | €99,553 | -€13,811 | -12.2% |
| Tangible fixed assets | 22/27 | €113,151 | €99,340 | -€13,811 | -12.2% |
| Plant, machinery and equipment | 23 | €113,151 | €99,340 | -€13,811 | -12.2% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €119,065 | €56,658 | -€62,407 | -52.4% |
| Stocks and contracts in progress | 3 | €13,557 | €20,757 | +€7,200 | +53.1% |
| Stocks | 30/36 | €13,557 | €20,757 | +€7,200 | +53.1% |
| Amounts receivable within one year | 40/41 | €49,094 | €11,011 | -€38,083 | -77.6% |
| Trade receivables | 40 | €49,094 | €5,950 | -€43,144 | -87.9% |
| Other amounts receivable | 41 | - | €5,061 | +€5,061 | |
| Cash at bank and in hand | 54/58 | €56,041 | €24,382 | -€31,659 | -56.5% |
| Deferred charges and accrued income | 490/1 | €373 | €508 | +€135 | +36.2% |
| Total equity and liabilities | 10/49 | €232,429 | €156,211 | -€76,218 | -32.8% |
| Equity | 10/15 | €48,450 | €30,383 | -€18,067 | -37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,250 | €24,183 | -€18,067 | -42.8% |
| Amounts payable | 17/49 | €183,979 | €125,828 | -€58,151 | -31.6% |
| Amounts payable within one year | 42/48 | €183,979 | €125,828 | -€58,151 | -31.6% |
| Trade debts | 44 | €37,145 | €10,994 | -€26,151 | -70.4% |
| Suppliers | 440/4 | €37,145 | €10,994 | -€26,151 | -70.4% |
| Taxes, remuneration and social security | 45 | €26,849 | €20,731 | -€6,118 | -22.8% |
| Taxes | 450/3 | €7,098 | €900 | -€6,198 | -87.3% |
| Remuneration and social security | 454/9 | €19,751 | €19,831 | +€80 | +0.4% |
| Other amounts payable | 47/48 | €119,985 | €94,103 | -€25,882 | -21.6% |
| Remuneration, social security and pensions | 62 | €93,128 | €113,986 | +€20,858 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,714 | €15,378 | +€664 | +4.5% |
| Other operating charges | 640/8 | €5,070 | €5,110 | +€40 | +0.8% |
| Non-recurring operating charges | 66A | €724 | €325 | -€399 | -55.1% |
| Gross operating margin | 9900 | €124,469 | €116,788 | -€7,681 | -6.2% |
| Operating profit (loss) | 9901 | €10,833 | -€18,011 | -€28,844 | |
| Financial income | 75/76B | €807 | €3,166 | +€2,359 | +292% |
| Recurring financial income | 75 | €807 | €3,166 | +€2,359 | +292% |
| Financial charges | 65/66B | €856 | €3,218 | +€2,362 | +276% |
| Recurring financial charges | 65 | €856 | €3,218 | +€2,362 | +276% |
| Profit (loss) for the period before taxes | 9903 | €10,784 | -€18,063 | -€28,847 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | €10,784 | -€18,067 | -€28,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,784 | -€18,067 | -€28,851 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.