GOLDMAN NUMBER ONE: what changed
What changed
GOLDMAN NUMBER ONE
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
-€20,758
2024 · -€16,536-€4,222
Equity
€1.6m
2024 · €1.7m-€80,128
Cash
€689,267
2024 · €696,245-€6,978
Balance sheet total
€1.7m
2024 · €1.8m-€68,794
Largest movements
Assets
- Tangible fixed assets -€60,790
down €60,790 (-6.8%), from €894,718 to €833,928
of which Land and buildings: -€71,958
Equity and liabilities
- Reserves -€80,128
down €80,128 (-6.0%), from €1.3m to €1.2m
of which Distributable reserves: -€80,128
Income statement
- Depreciation +€5,404
up €5,404 (+5.4%), from €100,886 to €106,290
- Gross operating margin -€4,426
down €4,426 (-4.4%), from €101,601 to €97,175
- Financial income +€4,159
up €4,159 (+348%), from €1,195 to €5,355
of which Financial income: +€4,159
- Other operating charges -€3,596
down €3,596 (-20.0%), from €17,991 to €14,394
- Taxes +€2,121
up €2,121 (+702%), from €302 to €2,423
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.
Result 2024
-€16,536
Gross operating margin
-€4,426
Depreciation
-€5,404
Other operating charges
+€3,596
Financial income
+€4,159
Financial charges
-€27
Taxes
-€2,121
Result 2025
-€20,758
raises the resultlowers the result
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.
From operations
+€97,892
Investment
-€45,500
Financing
-€59,370
Cash 2024
€696,245
From operations (derived)
+€97,892
Net result for the year
-€20,758
Depreciation
+€106,290
Stocks and contracts
+€2,847
Receivables within one year
-€1,822
Trade debts
+€6,622
Tax, wage and social debts
+€465
Other debts
+€4,247
Investment (derived)
-€45,500
Investment in fixed assets (net)
-€45,500
Financing
-€59,370
Contributions, distributions and other
-€59,370
Cash 2025
€689,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,220 | €1,704,426 | -€68,794 | -3.9% |
| Fixed assets | 21/28 | €894,718 | €833,928 | -€60,790 | -6.8% |
| Tangible fixed assets | 22/27 | €894,718 | €833,928 | -€60,790 | -6.8% |
| Land and buildings | 22 | €787,711 | €715,753 | -€71,958 | -9.1% |
| Plant, machinery and equipment | 23 | €16,359 | €54,214 | +€37,855 | +231% |
| Furniture and vehicles | 24 | €90,649 | €63,961 | -€26,687 | -29.4% |
| Current assets | 29/58 | €878,502 | €870,498 | -€8,004 | -0.9% |
| Stocks and contracts in progress | 3 | €163,066 | €160,219 | -€2,847 | -1.7% |
| Stocks | 30/36 | €163,066 | €160,219 | -€2,847 | -1.7% |
| Amounts receivable within one year | 40/41 | €19,191 | €21,013 | +€1,822 | +9.5% |
| Trade receivables | 40 | €1,403 | €18,815 | +€17,413 | +1,241% |
| Other amounts receivable | 41 | €17,788 | €2,197 | -€15,591 | -87.6% |
| Cash at bank and in hand | 54/58 | €696,245 | €689,267 | -€6,978 | -1.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,773,220 | €1,704,426 | -€68,794 | -3.9% |
| Equity | 10/15 | €1,708,371 | €1,628,242 | -€80,128 | -4.7% |
| Contributions | 10/11 | €383,592 | €383,592 | = | 0.0% |
| Reserves | 13 | €1,324,779 | €1,244,650 | -€80,128 | -6.0% |
| Tax-exempt reserves | 132 | €56,310 | €56,310 | = | 0.0% |
| Distributable reserves | 133 | €1,268,468 | €1,188,340 | -€80,128 | -6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,850 | €76,184 | +€11,334 | +17.5% |
| Amounts payable within one year | 42/48 | €64,850 | €76,184 | +€11,334 | +17.5% |
| Trade debts | 44 | €9,950 | €16,572 | +€6,622 | +66.6% |
| Suppliers | 440/4 | €9,950 | €16,572 | +€6,622 | +66.6% |
| Taxes, remuneration and social security | 45 | €18,745 | €19,210 | +€465 | +2.5% |
| Taxes | 450/3 | €18,745 | €19,210 | +€465 | +2.5% |
| Other amounts payable | 47/48 | €36,155 | €40,402 | +€4,247 | +11.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,886 | €106,290 | +€5,404 | +5.4% |
| Other operating charges | 640/8 | €17,991 | €14,394 | -€3,596 | -20.0% |
| Gross operating margin | 9900 | €101,601 | €97,175 | -€4,426 | -4.4% |
| Operating profit (loss) | 9901 | -€17,275 | -€23,509 | -€6,234 | -36.1% |
| Financial income | 75/76B | €1,195 | €5,355 | +€4,159 | +348% |
| Recurring financial income | 75 | €1,195 | €5,355 | +€4,159 | +348% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €154 | €181 | +€27 | +17.4% |
| Recurring financial charges | 65 | €154 | €181 | +€27 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,234 | -€18,335 | -€2,101 | -12.9% |
| Income taxes | 67/77 | €302 | €2,423 | +€2,121 | +702% |
| Profit (loss) for the period | 9904 | -€16,536 | -€20,758 | -€4,222 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,536 | -€20,758 | -€4,222 | -25.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.