GOLDMAN GROUP: what changed
GOLDMAN GROUP
Largest movements
- Tangible fixed assets -€256,732
down €256,732 (-37.3%), from €688,510 to €431,778
of which Land and buildings: -€254,992
- Deferred charges and accrued income +€145,800
new in 2025: €145,800
- Debts after one year -€285,000
no longer reported in 2025 (was €285,000)
- Profit (loss) carried forward +€108,072
up €108,072 (+81.2%), from €133,083 to €241,156
- Other debts +€98,570
up €98,570 (+39.7%), from €248,415 to €346,985
- Current portion of long-term debt -€46,960
no longer reported in 2025 (was €46,960)
- Trade debts +€15,835
up €15,835 (+22.4%), from €70,663 to €86,498
- Gross operating margin +€130,107
up €130,107 (+132%), from €98,541 to €228,648
- Financial charges +€84,833
up €84,833 (+401%), from €21,143 to €105,976
- Depreciation -€7,667
down €7,667 (-34.9%), from €21,981 to €14,314
- Other operating charges -€3,644
down €3,644 (-92.7%), from €3,931 to €287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,128 | €693,645 | -€109,483 | -13.6% |
| Fixed assets | 21/28 | €742,652 | €485,920 | -€256,732 | -34.6% |
| Tangible fixed assets | 22/27 | €688,510 | €431,778 | -€256,732 | -37.3% |
| Land and buildings | 22 | €679,231 | €424,240 | -€254,992 | -37.5% |
| Furniture and vehicles | 24 | €9,279 | €7,538 | -€1,741 | -18.8% |
| Financial fixed assets | 28 | €54,142 | €54,142 | = | 0.0% |
| Current assets | 29/58 | €60,476 | €207,725 | +€147,249 | +243% |
| Amounts receivable within one year | 40/41 | €60,321 | €57,321 | -€3,000 | -5.0% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €60,321 | €7,321 | -€53,000 | -87.9% |
| Cash at bank and in hand | 54/58 | €155 | €4,604 | +€4,449 | +2,871% |
| Deferred charges and accrued income | 490/1 | - | €145,800 | +€145,800 | |
| Total equity and liabilities | 10/49 | €803,128 | €693,645 | -€109,483 | -13.6% |
| Equity | 10/15 | €151,683 | €259,756 | +€108,072 | +71.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,083 | €241,156 | +€108,072 | +81.2% |
| Amounts payable | 17/49 | €651,445 | €433,889 | -€217,555 | -33.4% |
| Amounts payable after more than one year | 17 | €285,000 | - | -€285,000 | |
| Financial debts | 170/4 | €285,000 | - | -€285,000 | |
| Amounts payable within one year | 42/48 | €366,445 | €433,889 | +€67,445 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €46,960 | - | -€46,960 | |
| Trade debts | 44 | €70,663 | €86,498 | +€15,835 | +22.4% |
| Suppliers | 440/4 | €70,663 | €86,498 | +€15,835 | +22.4% |
| Taxes, remuneration and social security | 45 | €407 | €407 | = | 0.0% |
| Taxes | 450/3 | €407 | €407 | = | 0.0% |
| Other amounts payable | 47/48 | €248,415 | €346,985 | +€98,570 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,981 | €14,314 | -€7,667 | -34.9% |
| Other operating charges | 640/8 | €3,931 | €287 | -€3,644 | -92.7% |
| Gross operating margin | 9900 | €98,541 | €228,648 | +€130,107 | +132% |
| Operating profit (loss) | 9901 | €72,630 | €214,048 | +€141,418 | +195% |
| Financial charges | 65/66B | €21,143 | €105,976 | +€84,833 | +401% |
| Recurring financial charges | 65 | €21,143 | €105,976 | +€84,833 | +401% |
| Profit (loss) for the period before taxes | 9903 | €51,487 | €108,072 | +€56,585 | +110% |
| Profit (loss) for the period | 9904 | €51,487 | €108,072 | +€56,585 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €51,487 | €108,072 | +€56,585 | +110% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.