GOLDIN: 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.
What changed
GOLDIN
NACE 47.770, Retail sale of watches and jewellery
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€978
2025 · €1,213-€236
Equity
€213,180
2025 · €212,202+€978
Cash
€66,137
2025 · €69,460-€3,323
Balance sheet total
€452,439
2025 · €493,639-€41,199
Largest movements
Assets
- Stocks and contracts -€40,358
down €40,358 (-9.8%), from €411,243 to €370,885
- Financial fixed assets +€5,144
up €5,144 (+221.0%), from €2,327 to €7,471
Equity and liabilities
- Trade debts -€30,011
down €30,011 (-39.8%), from €75,340 to €45,329
- Current portion of long-term debt -€16,955
down €16,955 (-93.0%), from €18,233 to €1,278
Income statement
- Gross operating margin -€46,897
down €46,897 (-30.2%), from €155,381 to €108,484
- Staff costs -€39,403
down €39,403 (-33.2%), from €118,778 to €79,375
- Depreciation -€17,099
down €17,099 (-97.4%), from €17,560 to €461
- Financial charges +€9,025
up €9,025 (+97.1%), from €9,294 to €18,319
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.
Result 2025
€1,213
Gross operating margin
-€46,897
Staff costs
+€39,403
Depreciation
+€17,099
Other operating charges
-€814
Financial income
-€32
Financial charges
-€9,025
Taxes
+€31
Result 2026
€978
Cash bridge derived
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.
From operations
+€20,053
Investment
-€5,144
Financing
-€18,233
Cash 2025
€69,460
From operations (derived)
+€20,053
Net result for the year
+€978
Depreciation
+€461
Stocks and contracts
+€40,358
Receivables within one year
+€1,500
Deferred charges and accrued income
+€700
Trade debts
-€30,011
Tax, wage and social debts
+€1,868
Advances received
+€798
Other debts
+€4,137
Accrued charges and deferred income
-€736
Investment (derived)
-€5,144
Investment in fixed assets (net)
-€5,144
Financing
-€18,233
Debts after one year
-€1,278
Current portion of long-term debt
-€16,955
Cash 2026
€66,137
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,639 | €452,439 | -€41,199 | -8.3% |
| Fixed assets | 21/28 | €3,563 | €8,245 | +€4,682 | +131.4% |
| Intangible fixed assets | 21 | €83 | - | -€83 | |
| Tangible fixed assets | 22/27 | €1,153 | €774 | -€379 | -32.9% |
| Plant, machinery and equipment | 23 | €1,153 | €774 | -€379 | -32.9% |
| Financial fixed assets | 28 | €2,327 | €7,471 | +€5,144 | +221.0% |
| Current assets | 29/58 | €490,076 | €444,194 | -€45,882 | -9.4% |
| Stocks and contracts in progress | 3 | €411,243 | €370,885 | -€40,358 | -9.8% |
| Stocks | 30/36 | €411,243 | €370,885 | -€40,358 | -9.8% |
| Amounts receivable within one year | 40/41 | €3,194 | €1,694 | -€1,500 | -47.0% |
| Trade receivables | 40 | €3,194 | €1,694 | -€1,500 | -47.0% |
| Cash at bank and in hand | 54/58 | €69,460 | €66,137 | -€3,323 | -4.8% |
| Deferred charges and accrued income | 490/1 | €6,179 | €5,479 | -€700 | -11.3% |
| Total equity and liabilities | 10/49 | €493,639 | €452,439 | -€41,199 | -8.3% |
| Equity | 10/15 | €212,202 | €213,180 | +€978 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,392 | €44,369 | +€977 | +2.3% |
| Distributable reserves | 133 | €43,392 | €44,369 | +€977 | +2.3% |
| Profit (loss) carried forward | 14 | €150,210 | €150,211 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €52,000 | €52,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €52,000 | €52,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,000 | €52,000 | = | 0.0% |
| Amounts payable | 17/49 | €229,436 | €187,259 | -€42,177 | -18.4% |
| Amounts payable after more than one year | 17 | €1,278 | - | -€1,278 | |
| Financial debts | 170/4 | €1,278 | - | -€1,278 | |
| Amounts payable within one year | 42/48 | €223,951 | €183,788 | -€40,163 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €18,233 | €1,278 | -€16,955 | -93.0% |
| Trade debts | 44 | €75,340 | €45,329 | -€30,011 | -39.8% |
| Suppliers | 440/4 | €75,340 | €45,329 | -€30,011 | -39.8% |
| Advances received on contracts in progress | 46 | €3,911 | €4,709 | +€798 | +20.4% |
| Taxes, remuneration and social security | 45 | €41,758 | €43,626 | +€1,868 | +4.5% |
| Taxes | 450/3 | €20,005 | €28,290 | +€8,286 | +41.4% |
| Remuneration and social security | 454/9 | €21,754 | €15,335 | -€6,418 | -29.5% |
| Other amounts payable | 47/48 | €84,710 | €88,847 | +€4,137 | +4.9% |
| Accrued charges and deferred income | 492/3 | €4,207 | €3,471 | -€736 | -17.5% |
| Remuneration, social security and pensions | 62 | €118,778 | €79,375 | -€39,403 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,560 | €461 | -€17,099 | -97.4% |
| Other operating charges | 640/8 | €7,081 | €7,896 | +€814 | +11.5% |
| Gross operating margin | 9900 | €155,381 | €108,484 | -€46,897 | -30.2% |
| Operating profit (loss) | 9901 | €11,961 | €20,752 | +€8,790 | +73.5% |
| Financial income | 75/76B | €167 | €135 | -€32 | -18.9% |
| Recurring financial income | 75 | €167 | €135 | -€32 | -18.9% |
| Financial charges | 65/66B | €9,294 | €18,319 | +€9,025 | +97.1% |
| Recurring financial charges | 65 | €9,294 | €18,319 | +€9,025 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €2,834 | €2,568 | -€266 | -9.4% |
| Income taxes | 67/77 | €1,621 | €1,590 | -€31 | -1.9% |
| Profit (loss) for the period | 9904 | €1,213 | €978 | -€236 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,213 | €978 | -€236 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.