GOLDTIMERS: what changed
Two fiscal 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.
GOLDTIMERS
Largest movements
- Stocks and contracts -€26,089
down €26,089 (-27.9%), from €93,503 to €67,414
of which Stocks: -€25,589
- Cash +€8,211
up €8,211 (+253.7%), from €3,237 to €11,448
mainly Stocks and contracts (+€26,089) and Net result for the year (+€16,682)
- Tangible fixed assets -€1,478
down €1,478 (-44.6%), from €3,311 to €1,833
of which Plant, machinery and equipment: -€1,278
- Other debts -€25,897
down €25,897 (-46.4%), from €55,805 to €29,908
- Profit (loss) carried forward +€11,116
no longer reported in 2025 (was -€11,116)
- Trade debts -€8,099
down €8,099 (-53.5%), from €15,135 to €7,036
- Reserves +€5,566
new in 2025: €5,566
- Advances received -€3,800
no longer reported in 2025 (was €3,800)
- Gross operating margin +€17,323
up €17,323 (+37.8%), from €45,847 to €63,170
- Financial income -€2,967
down €2,967 (-99.4%), from €2,984 to €17
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.
Cash bridge derived
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 | €107,823 | €88,372 | -€19,451 | -18.0% |
| Fixed assets | 21/28 | €3,311 | €1,833 | -€1,478 | -44.6% |
| Tangible fixed assets | 22/27 | €3,311 | €1,833 | -€1,478 | -44.6% |
| Plant, machinery and equipment | 23 | €1,978 | €700 | -€1,278 | -64.6% |
| Other tangible fixed assets | 26 | €1,333 | €1,133 | -€200 | -15.0% |
| Current assets | 29/58 | €104,512 | €86,539 | -€17,973 | -17.2% |
| Stocks and contracts in progress | 3 | €93,503 | €67,414 | -€26,089 | -27.9% |
| Stocks | 30/36 | €69,803 | €44,214 | -€25,589 | -36.7% |
| Contracts in progress | 37 | €23,700 | €23,200 | -€500 | -2.1% |
| Amounts receivable within one year | 40/41 | €6,571 | €7,133 | +€562 | +8.6% |
| Trade receivables | 40 | €3,796 | €3,439 | -€357 | -9.4% |
| Other amounts receivable | 41 | €2,775 | €3,694 | +€919 | +33.1% |
| Cash at bank and in hand | 54/58 | €3,237 | €11,448 | +€8,211 | +253.7% |
| Deferred charges and accrued income | 490/1 | €1,201 | €544 | -€657 | -54.7% |
| Total equity and liabilities | 10/49 | €107,823 | €88,372 | -€19,451 | -18.0% |
| Equity | 10/15 | -€4,916 | €11,766 | +€16,682 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €5,566 | +€5,566 | |
| Distributable reserves | 133 | - | €5,566 | +€5,566 | |
| Profit (loss) carried forward | 14 | -€11,116 | - | +€11,116 | |
| Amounts payable | 17/49 | €112,739 | €76,606 | -€36,133 | -32.1% |
| Amounts payable within one year | 42/48 | €111,596 | €76,406 | -€35,190 | -31.5% |
| Trade debts | 44 | €15,135 | €7,036 | -€8,099 | -53.5% |
| Suppliers | 440/4 | €15,135 | €7,036 | -€8,099 | -53.5% |
| Advances received on contracts in progress | 46 | €3,800 | - | -€3,800 | |
| Taxes, remuneration and social security | 45 | €36,856 | €39,462 | +€2,606 | +7.1% |
| Taxes | 450/3 | €11,842 | €18,953 | +€7,111 | +60.0% |
| Remuneration and social security | 454/9 | €25,014 | €20,509 | -€4,505 | -18.0% |
| Other amounts payable | 47/48 | €55,805 | €29,908 | -€25,897 | -46.4% |
| Accrued charges and deferred income | 492/3 | €1,143 | €200 | -€943 | -82.5% |
| Remuneration, social security and pensions | 62 | €42,944 | €42,756 | -€188 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €1,478 | +€12 | +0.8% |
| Other operating charges | 640/8 | €1,308 | €1,684 | +€376 | +28.7% |
| Gross operating margin | 9900 | €45,847 | €63,170 | +€17,323 | +37.8% |
| Operating profit (loss) | 9901 | €129 | €17,252 | +€17,123 | +13273.6% |
| Financial income | 75/76B | €2,984 | €17 | -€2,967 | -99.4% |
| Recurring financial income | 75 | €2,984 | €17 | -€2,967 | -99.4% |
| Financial charges | 65/66B | €434 | €587 | +€153 | +35.3% |
| Recurring financial charges | 65 | €434 | €587 | +€153 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €2,679 | €16,682 | +€14,003 | +522.7% |
| Profit (loss) for the period | 9904 | €2,679 | €16,682 | +€14,003 | +522.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,679 | €16,682 | +€14,003 | +522.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.