GOLDSCORE: 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.
GOLDSCORE
Largest movements
- Stocks and contracts +€337,019
up €337,019 (+139%), from €243,097 to €580,116
- Receivables within one year +€43,412
up €43,412 (+81.4%), from €53,333 to €96,745
of which Trade receivables: +€41,321
- Tangible fixed assets -€35,233
down €35,233 (-6.8%), from €520,749 to €485,515
of which Land and buildings: -€18,283
- Debts after one year +€285,787
up €285,787 (+78.2%), from €365,238 to €651,026
- Accrued charges and deferred income +€29,540
up €29,540 (+69.8%), from €42,329 to €71,869
- Reserves +€14,014
up €14,014 (+7.0%), from €199,525 to €213,540
- Financial charges -€17,546
down €17,546 (-74.7%), from €23,501 to €5,954
- Gross operating margin -€10,222
down €10,222 (-12.7%), from €80,511 to €70,290
- Taxes +€3,087
up €3,087 (+48.2%), from €6,405 to €9,492
- Other operating charges -€2,269
down €2,269 (-34.0%), from €6,669 to €4,400
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 | €824,378 | €1,175,232 | +€350,854 | +42.6% |
| Fixed assets | 21/28 | €521,849 | €486,515 | -€35,333 | -6.8% |
| Tangible fixed assets | 22/27 | €520,749 | €485,515 | -€35,233 | -6.8% |
| Land and buildings | 22 | €447,846 | €429,563 | -€18,283 | -4.1% |
| Plant, machinery and equipment | 23 | €29,905 | €25,283 | -€4,622 | -15.5% |
| Furniture and vehicles | 24 | €42,998 | €30,669 | -€12,329 | -28.7% |
| Financial fixed assets | 28 | €1,100 | €1,000 | -€100 | -9.1% |
| Current assets | 29/58 | €302,529 | €688,716 | +€386,187 | +128% |
| Stocks and contracts in progress | 3 | €243,097 | €580,116 | +€337,019 | +139% |
| Stocks | 30/36 | €243,097 | €580,116 | +€337,019 | +139% |
| Amounts receivable within one year | 40/41 | €53,333 | €96,745 | +€43,412 | +81.4% |
| Trade receivables | 40 | €51,321 | €92,642 | +€41,321 | +80.5% |
| Other amounts receivable | 41 | €2,012 | €4,104 | +€2,091 | +104% |
| Cash at bank and in hand | 54/58 | €4,927 | €10,543 | +€5,616 | +114% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,312 | +€139 | +11.9% |
| Total equity and liabilities | 10/49 | €824,378 | €1,175,232 | +€350,854 | +42.6% |
| Equity | 10/15 | €213,672 | €227,686 | +€14,014 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,525 | €213,540 | +€14,014 | +7.0% |
| Distributable reserves | 133 | €199,525 | €213,540 | +€14,014 | +7.0% |
| Profit (loss) carried forward | 14 | -€4,453 | -€4,453 | = | 0.0% |
| Amounts payable | 17/49 | €610,706 | €947,545 | +€336,839 | +55.2% |
| Amounts payable after more than one year | 17 | €365,238 | €651,026 | +€285,787 | +78.2% |
| Financial debts | 170/4 | €365,238 | €651,026 | +€285,787 | +78.2% |
| Amounts payable within one year | 42/48 | €203,139 | €224,651 | +€21,512 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €41,054 | €43,213 | +€2,159 | +5.3% |
| Financial debts | 43 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Credit institutions | 430/8 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Trade debts | 44 | €12,459 | €23,877 | +€11,418 | +91.6% |
| Suppliers | 440/4 | €12,459 | €23,877 | +€11,418 | +91.6% |
| Taxes, remuneration and social security | 45 | €49,033 | €47,756 | -€1,277 | -2.6% |
| Taxes | 450/3 | €15,684 | €12,904 | -€2,780 | -17.7% |
| Remuneration and social security | 454/9 | €33,348 | €34,852 | +€1,504 | +4.5% |
| Other amounts payable | 47/48 | €92,594 | €97,805 | +€5,212 | +5.6% |
| Accrued charges and deferred income | 492/3 | €42,329 | €71,869 | +€29,540 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,011 | €36,632 | -€379 | -1.0% |
| Other operating charges | 640/8 | €6,669 | €4,400 | -€2,269 | -34.0% |
| Gross operating margin | 9900 | €80,511 | €70,290 | -€10,222 | -12.7% |
| Operating profit (loss) | 9901 | €36,831 | €29,258 | -€7,573 | -20.6% |
| Financial income | 75/76B | €549 | €203 | -€346 | -63.1% |
| Recurring financial income | 75 | €549 | €203 | -€346 | -63.1% |
| Financial charges | 65/66B | €23,501 | €5,954 | -€17,546 | -74.7% |
| Recurring financial charges | 65 | €23,501 | €5,954 | -€17,546 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €13,879 | €23,506 | +€9,627 | +69.4% |
| Income taxes | 67/77 | €6,405 | €9,492 | +€3,087 | +48.2% |
| Profit (loss) for the period | 9904 | €7,474 | €14,014 | +€6,540 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,474 | €14,014 | +€6,540 | +87.5% |
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 19 October 2026 via checked.be.