GOLDFOX: what changed
Two fiscal 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.
GOLDFOX
Largest movements
- Receivables within one year -€6,413
down €6,413 (-96.4%), from €6,655 to €242
of which Trade receivables: -€6,413
- Cash -€5,071
down €5,071 (-58.4%), from €8,678 to €3,607
mainly Net result for the year (-€10,332) and Accrued charges and deferred income (-€2,436)
- Deferred charges and accrued income -€647
down €647 (-100.0%), from €647 to €0
- Tangible fixed assets -€379
down €379 (-52.7%), from €719 to €340
- Profit (loss) carried forward -€10,332
down €10,332, from €3,000 to -€7,333
- Accrued charges and deferred income -€2,436
no longer reported in 2025 (was €2,436)
- Trade debts +€687
up €687 (+65.6%), from €1,047 to €1,734
- Other debts -€275
down €275 (-12.9%), from €2,129 to €1,854
- Gross operating margin -€19,642
down €19,642, from €13,987 to -€5,655
- Financial charges -€17,488
down €17,488 (-92.7%), from €18,864 to €1,376
of which Non-recurring financial charges: -€17,500
- Taxes -€2,907
down €2,907 (-96.3%), from €3,018 to €111
- Other operating charges +€2,787
up €2,787 (+9510.9%), from €29 to €2,816
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.
Cash bridge derived
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 | €16,699 | €4,190 | -€12,510 | -74.9% |
| Fixed assets | 21/28 | €719 | €340 | -€379 | -52.7% |
| Tangible fixed assets | 22/27 | €719 | €340 | -€379 | -52.7% |
| Plant, machinery and equipment | 23 | €719 | €340 | -€379 | -52.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €15,980 | €3,850 | -€12,131 | -75.9% |
| Amounts receivable within one year | 40/41 | €6,655 | €242 | -€6,413 | -96.4% |
| Trade receivables | 40 | €6,655 | €242 | -€6,413 | -96.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,678 | €3,607 | -€5,071 | -58.4% |
| Deferred charges and accrued income | 490/1 | €647 | €0 | -€647 | -100.0% |
| Total equity and liabilities | 10/49 | €16,699 | €4,190 | -€12,510 | -74.9% |
| Equity | 10/15 | €5,750 | -€4,583 | -€10,332 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,000 | -€7,333 | -€10,332 | |
| Amounts payable | 17/49 | €10,950 | €8,772 | -€2,178 | -19.9% |
| Amounts payable within one year | 42/48 | €8,514 | €8,772 | +€258 | +3.0% |
| Trade debts | 44 | €1,047 | €1,734 | +€687 | +65.6% |
| Suppliers | 440/4 | €1,047 | €1,734 | +€687 | +65.6% |
| Taxes, remuneration and social security | 45 | €5,337 | €5,183 | -€154 | -2.9% |
| Taxes | 450/3 | €3,137 | €5,183 | +€2,046 | +65.2% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100.0% |
| Other amounts payable | 47/48 | €2,129 | €1,854 | -€275 | -12.9% |
| Accrued charges and deferred income | 492/3 | €2,436 | - | -€2,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379 | €379 | = | 0.0% |
| Other operating charges | 640/8 | €29 | €2,816 | +€2,787 | +9510.9% |
| Gross operating margin | 9900 | €13,987 | -€5,655 | -€19,642 | |
| Operating profit (loss) | 9901 | €13,578 | -€8,850 | -€22,428 | |
| Financial income | 75/76B | €14 | €5 | -€9 | -62.9% |
| Recurring financial income | 75 | €14 | €5 | -€9 | -62.9% |
| Financial charges | 65/66B | €18,864 | €1,376 | -€17,488 | -92.7% |
| Recurring financial charges | 65 | €1,364 | €1,376 | +€12 | +0.9% |
| Non-recurring financial charges | 66B | €17,500 | €0 | -€17,500 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,272 | -€10,221 | -€4,949 | -93.9% |
| Income taxes | 67/77 | €3,018 | €111 | -€2,907 | -96.3% |
| Profit (loss) for the period | 9904 | -€8,290 | -€10,332 | -€2,042 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,290 | -€10,332 | -€2,042 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.