GOLDINHO: 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.
GOLDINHO
Largest movements
- Financial fixed assets +€58,819
up €58,819 (+70.0%), from €84,000 to €142,819
- Receivables within one year -€48,805
down €48,805 (-78.1%), from €62,500 to €13,695
of which Trade receivables: -€56,961
- Tangible fixed assets +€39,264
up €39,264 (+3,699%), from €1,062 to €40,326
of which Furniture and vehicles: +€35,351
- Cash -€32,728
down €32,728 (-91.0%), from €35,972 to €3,244
mainly Investment in fixed assets (net) (-€110,366) and Tax, wage and social debts (-€15,204)
- Receivables after one year +€6,000
up €6,000 (+23.8%), from €25,238 to €31,238
- Profit (loss) carried forward +€20,396
up €20,396 (+32.0%), from €63,718 to €84,114
- Tax, wage and social debts -€15,204
down €15,204 (-54.8%), from €27,766 to €12,562
- Current portion of long-term debt +€10,351
up €10,351 (+88.3%), from €11,717 to €22,068
- Provisions +€9,805
up €9,805 (+27.6%), from €35,521 to €45,326
- Trade debts -€6,969
down €6,969 (-95.8%), from €7,275 to €306
- Financial charges +€40,633
up €40,633 (+1,623%), from €2,504 to €43,138
- Gross operating margin -€33,357
down €33,357 (-25.6%), from €130,508 to €97,151
- Provisions -€25,717
down €25,717 (-72.4%), from €35,521 to €9,805
- Taxes -€15,204
down €15,204 (-54.8%), from €27,766 to €12,562
- Depreciation +€11,867
up €11,867 (+2,856%), from €416 to €12,283
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 | €208,846 | €231,322 | +€22,476 | +10.8% |
| Fixed assets | 21/28 | €85,062 | €183,145 | +€98,084 | +115% |
| Tangible fixed assets | 22/27 | €1,062 | €40,326 | +€39,264 | +3,699% |
| Land and buildings | 22 | - | €3,913 | +€3,913 | |
| Furniture and vehicles | 24 | €1,062 | €36,413 | +€35,351 | +3,330% |
| Financial fixed assets | 28 | €84,000 | €142,819 | +€58,819 | +70.0% |
| Current assets | 29/58 | €123,785 | €48,177 | -€75,607 | -61.1% |
| Amounts receivable after more than one year | 29 | €25,238 | €31,238 | +€6,000 | +23.8% |
| Other amounts receivable | 291 | €25,238 | €31,238 | +€6,000 | +23.8% |
| Amounts receivable within one year | 40/41 | €62,500 | €13,695 | -€48,805 | -78.1% |
| Trade receivables | 40 | €62,500 | €5,539 | -€56,961 | -91.1% |
| Other amounts receivable | 41 | - | €8,156 | +€8,156 | |
| Cash at bank and in hand | 54/58 | €35,972 | €3,244 | -€32,728 | -91.0% |
| Deferred charges and accrued income | 490/1 | €75 | - | -€75 | |
| Total equity and liabilities | 10/49 | €208,846 | €231,322 | +€22,476 | +10.8% |
| Equity | 10/15 | €72,718 | €93,114 | +€20,396 | +28.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,718 | €84,114 | +€20,396 | +32.0% |
| Provisions and deferred taxes | 16 | €35,521 | €45,326 | +€9,805 | +27.6% |
| Provisions for liabilities and charges | 160/5 | €35,521 | €45,326 | +€9,805 | +27.6% |
| Other liabilities and charges | 164/5 | €35,521 | €45,326 | +€9,805 | +27.6% |
| Amounts payable | 17/49 | €100,607 | €92,883 | -€7,724 | -7.7% |
| Amounts payable after more than one year | 17 | €53,849 | €57,947 | +€4,098 | +7.6% |
| Financial debts | 170/4 | €53,849 | €57,947 | +€4,098 | +7.6% |
| Amounts payable within one year | 42/48 | €46,758 | €34,936 | -€11,822 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €11,717 | €22,068 | +€10,351 | +88.3% |
| Trade debts | 44 | €7,275 | €306 | -€6,969 | -95.8% |
| Suppliers | 440/4 | €7,275 | €306 | -€6,969 | -95.8% |
| Taxes, remuneration and social security | 45 | €27,766 | €12,562 | -€15,204 | -54.8% |
| Taxes | 450/3 | €27,766 | €12,562 | -€15,204 | -54.8% |
| Non-recurring operating income | 76A | - | €210 | +€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €12,283 | +€11,867 | +2,856% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,521 | €9,805 | -€25,717 | -72.4% |
| Other operating charges | 640/8 | €387 | €879 | +€492 | +127% |
| Gross operating margin | 9900 | €130,508 | €97,151 | -€33,357 | -25.6% |
| Operating profit (loss) | 9901 | €94,184 | €74,184 | -€20,000 | -21.2% |
| Financial income | 75/76B | €1,531 | €1,911 | +€380 | +24.8% |
| Recurring financial income | 75 | €1,531 | €1,911 | +€380 | +24.8% |
| Financial charges | 65/66B | €2,504 | €43,138 | +€40,633 | +1,623% |
| Recurring financial charges | 65 | €2,504 | €43,138 | +€40,633 | +1,623% |
| Profit (loss) for the period before taxes | 9903 | €93,211 | €32,958 | -€60,254 | -64.6% |
| Income taxes | 67/77 | €27,766 | €12,562 | -€15,204 | -54.8% |
| Profit (loss) for the period | 9904 | €65,446 | €20,396 | -€45,050 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,446 | €20,396 | -€45,050 | -68.8% |
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 21 October 2026 via checked.be.