GOLDFART: 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.
GOLDFART
Largest movements
- Tangible fixed assets +€60,922
up €60,922 (+123%), from €49,438 to €110,360
of which Furniture and vehicles: +€54,139
- Current investments -€14,827
down €14,827 (-100%), from €14,827 to €0
- Receivables within one year -€13,820
down €13,820 (-58.3%), from €23,724 to €9,903
of which Trade receivables: -€19,058
- Debts after one year +€36,737
up €36,737 (+116%), from €31,706 to €68,443
- Current portion of long-term debt +€18,597
up €18,597 (+159%), from €11,706 to €30,303
- Reserves -€14,696
down €14,696 (-6.7%), from €219,222 to €204,527
- Other debts -€12,696
down €12,696 (-40.9%), from €31,055 to €18,359
- Gross operating margin +€25,876
up €25,876 (+43.2%), from €59,960 to €85,836
- Depreciation +€13,082
up €13,082 (+85.2%), from €15,352 to €28,434
- Financial charges +€1,536
up €1,536 (+51.2%), from €3,002 to €4,538
- Other operating charges +€983
up €983 (+4.2%), from €23,566 to €24,550
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 | €304,804 | €334,427 | +€29,623 | +9.7% |
| Fixed assets | 21/28 | €257,038 | €317,960 | +€60,922 | +23.7% |
| Tangible fixed assets | 22/27 | €49,438 | €110,360 | +€60,922 | +123% |
| Furniture and vehicles | 24 | €49,438 | €103,577 | +€54,139 | +110% |
| Other tangible fixed assets | 26 | - | €6,783 | +€6,783 | |
| Financial fixed assets | 28 | €207,600 | €207,600 | = | 0.0% |
| Current assets | 29/58 | €47,766 | €16,468 | -€31,299 | -65.5% |
| Amounts receivable within one year | 40/41 | €23,724 | €9,903 | -€13,820 | -58.3% |
| Trade receivables | 40 | €19,058 | €0 | -€19,058 | -100% |
| Other amounts receivable | 41 | €4,666 | €9,903 | +€5,237 | +112% |
| Current investments | 50/53 | €14,827 | €0 | -€14,827 | -100% |
| Cash at bank and in hand | 54/58 | €9,215 | €6,564 | -€2,651 | -28.8% |
| Total equity and liabilities | 10/49 | €304,804 | €334,427 | +€29,623 | +9.7% |
| Equity | 10/15 | €219,222 | €204,527 | -€14,696 | -6.7% |
| Reserves | 13 | €219,222 | €204,527 | -€14,696 | -6.7% |
| Distributable reserves | 133 | €219,222 | €204,527 | -€14,696 | -6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,581 | €129,900 | +€44,319 | +51.8% |
| Amounts payable after more than one year | 17 | €31,706 | €68,443 | +€36,737 | +116% |
| Financial debts | 170/4 | €31,706 | €68,443 | +€36,737 | +116% |
| Amounts payable within one year | 42/48 | €53,876 | €61,458 | +€7,582 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €11,706 | €30,303 | +€18,597 | +159% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Credit institutions | 430/8 | €10 | €10 | = | 0.0% |
| Trade debts | 44 | €508 | €1,866 | +€1,358 | +267% |
| Suppliers | 440/4 | €508 | €1,866 | +€1,358 | +267% |
| Taxes, remuneration and social security | 45 | €10,597 | €10,919 | +€323 | +3.0% |
| Taxes | 450/3 | €10,597 | €10,919 | +€323 | +3.0% |
| Other amounts payable | 47/48 | €31,055 | €18,359 | -€12,696 | -40.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,352 | €28,434 | +€13,082 | +85.2% |
| Other operating charges | 640/8 | €23,566 | €24,550 | +€983 | +4.2% |
| Gross operating margin | 9900 | €59,960 | €85,836 | +€25,876 | +43.2% |
| Operating profit (loss) | 9901 | €21,042 | €32,853 | +€11,811 | +56.1% |
| Financial income | 75/76B | €27 | €18 | -€9 | -32.6% |
| Recurring financial income | 75 | €27 | €18 | -€9 | -32.6% |
| Financial charges | 65/66B | €3,002 | €4,538 | +€1,536 | +51.2% |
| Recurring financial charges | 65 | €3,002 | €4,538 | +€1,536 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €18,067 | €28,334 | +€10,266 | +56.8% |
| Income taxes | 67/77 | €10,334 | €9,803 | -€531 | -5.1% |
| Profit (loss) for the period | 9904 | €7,733 | €18,531 | +€10,798 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €7,733 | €18,531 | +€10,798 | +140% |
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 23 October 2026 via checked.be.