GoldenGreen: 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.
GoldenGreen
Largest movements
- Receivables within one year +€11,851
up €11,851 (+17.1%), from €69,117 to €80,968
- Receivables after one year +€9,000
up €9,000 (+8.2%), from €110,000 to €119,000
- Tangible fixed assets -€4,540
down €4,540 (-25.1%), from €18,087 to €13,548
of which Furniture and vehicles: -€2,785
- Other debts +€31,390
up €31,390 (+106%), from €29,699 to €61,089
- Trade debts -€17,333
down €17,333 (-61.8%), from €28,063 to €10,730
- Tax, wage and social debts +€13,648
up €13,648 (+99.7%), from €13,685 to €27,333
- Reserves -€7,660
down €7,660 (-4.4%), from €172,390 to €164,730
of which Distributable reserves: -€7,660
- Gross operating margin +€21,755
up €21,755 (+35.4%), from €61,506 to €83,260
- Taxes +€9,261
up €9,261 (+71.7%), from €12,922 to €22,183
- Depreciation -€9,002
down €9,002 (-55.1%), from €16,351 to €7,349
- Financial charges -€1,360
down €1,360 (-28.1%), from €4,835 to €3,475
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 | €250,045 | €270,841 | +€20,796 | +8.3% |
| Fixed assets | 21/28 | €23,087 | €18,548 | -€4,540 | -19.7% |
| Tangible fixed assets | 22/27 | €18,087 | €13,548 | -€4,540 | -25.1% |
| Land and buildings | 22 | €9,901 | €7,210 | -€2,691 | -27.2% |
| Plant, machinery and equipment | 23 | €1,035 | €1,971 | +€936 | +90.4% |
| Furniture and vehicles | 24 | €7,151 | €4,366 | -€2,785 | -38.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €226,958 | €252,293 | +€25,336 | +11.2% |
| Amounts receivable after more than one year | 29 | €110,000 | €119,000 | +€9,000 | +8.2% |
| Other amounts receivable | 291 | €110,000 | €119,000 | +€9,000 | +8.2% |
| Amounts receivable within one year | 40/41 | €69,117 | €80,968 | +€11,851 | +17.1% |
| Trade receivables | 40 | €69,117 | €80,968 | +€11,851 | +17.1% |
| Cash at bank and in hand | 54/58 | €47,841 | €50,035 | +€2,194 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €2,290 | +€2,290 | |
| Total equity and liabilities | 10/49 | €250,045 | €270,841 | +€20,796 | +8.3% |
| Equity | 10/15 | €178,598 | €170,939 | -€7,659 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €172,390 | €164,730 | -€7,660 | -4.4% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €171,770 | €164,110 | -€7,660 | -4.5% |
| Profit (loss) carried forward | 14 | €8 | €9 | +€1 | +9.7% |
| Amounts payable | 17/49 | €71,447 | €99,902 | +€28,455 | +39.8% |
| Amounts payable within one year | 42/48 | €71,447 | €99,902 | +€28,455 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €750 | +€750 | |
| Trade debts | 44 | €28,063 | €10,730 | -€17,333 | -61.8% |
| Suppliers | 440/4 | €28,063 | €10,730 | -€17,333 | -61.8% |
| Taxes, remuneration and social security | 45 | €13,685 | €27,333 | +€13,648 | +99.7% |
| Taxes | 450/3 | €13,685 | €27,333 | +€13,648 | +99.7% |
| Other amounts payable | 47/48 | €29,699 | €61,089 | +€31,390 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,351 | €7,349 | -€9,002 | -55.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €2 | €24 | +€23 | +1,519% |
| Gross operating margin | 9900 | €61,506 | €83,260 | +€21,755 | +35.4% |
| Operating profit (loss) | 9901 | €44,766 | €75,487 | +€30,721 | +68.6% |
| Financial income | 75/76B | €2,611 | €2,662 | +€51 | +1.9% |
| Recurring financial income | 75 | €2,611 | €2,662 | +€51 | +1.9% |
| Financial charges | 65/66B | €4,835 | €3,475 | -€1,360 | -28.1% |
| Recurring financial charges | 65 | €4,835 | €3,475 | -€1,360 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €42,542 | €74,674 | +€32,132 | +75.5% |
| Income taxes | 67/77 | €12,922 | €22,183 | +€9,261 | +71.7% |
| Profit (loss) for the period | 9904 | €29,620 | €52,491 | +€22,871 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,620 | €52,491 | +€22,871 | +77.2% |
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 15 October 2026 via checked.be.