GOLDY: 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.
GOLDY
Largest movements
- Receivables within one year -€298,976
down €298,976 (-47.5%), from €629,434 to €330,457
of which Other amounts receivable: -€278,500
- Cash -€285,239
down €285,239 (-99.0%), from €288,134 to €2,895
mainly Contributions, distributions and other (-€700,000) and Debts after one year (-€43,301)
- Tangible fixed assets -€46,985
down €46,985 (-6.7%), from €701,898 to €654,913
- Deferred charges and accrued income +€18,089
up €18,089 (+284%), from €6,359 to €24,447
- Reserves -€535,712
down €535,712 (-71.3%), from €751,166 to €215,455
- Debts after one year -€43,301
down €43,301 (-6.1%), from €711,707 to €668,406
- Tax, wage and social debts -€29,999
down €29,999 (-76.7%), from €39,105 to €9,105
- Accrued charges and deferred income -€17,525
down €17,525 (-100%), from €17,525 to €0
- Provisions +€30,000
up €30,000, from -€30,000 to €0
- Gross operating margin +€25,091
up €25,091 (+9.1%), from €274,592 to €299,683
- Financial charges +€5,667
up €5,667 (+25.4%), from €22,349 to €28,016
- Taxes -€4,431
down €4,431 (-7.8%), from €56,768 to €52,337
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 | €1,625,824 | €1,012,712 | -€613,112 | -37.7% |
| Fixed assets | 21/28 | €701,898 | €654,913 | -€46,985 | -6.7% |
| Tangible fixed assets | 22/27 | €701,898 | €654,913 | -€46,985 | -6.7% |
| Land and buildings | 22 | €701,898 | €654,913 | -€46,985 | -6.7% |
| Current assets | 29/58 | €923,927 | €357,799 | -€566,127 | -61.3% |
| Amounts receivable within one year | 40/41 | €629,434 | €330,457 | -€298,976 | -47.5% |
| Trade receivables | 40 | €38,909 | €18,432 | -€20,476 | -52.6% |
| Other amounts receivable | 41 | €590,525 | €312,025 | -€278,500 | -47.2% |
| Cash at bank and in hand | 54/58 | €288,134 | €2,895 | -€285,239 | -99.0% |
| Deferred charges and accrued income | 490/1 | €6,359 | €24,447 | +€18,089 | +284% |
| Total equity and liabilities | 10/49 | €1,625,824 | €1,012,712 | -€613,112 | -37.7% |
| Equity | 10/15 | €814,166 | €278,455 | -€535,712 | -65.8% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €751,166 | €215,455 | -€535,712 | -71.3% |
| Distributable reserves | 133 | €751,166 | €215,455 | -€535,712 | -71.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €811,658 | €734,258 | -€77,400 | -9.5% |
| Amounts payable after more than one year | 17 | €711,707 | €668,406 | -€43,301 | -6.1% |
| Financial debts | 170/4 | €711,707 | €668,406 | -€43,301 | -6.1% |
| Amounts payable within one year | 42/48 | €82,426 | €65,852 | -€16,574 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €38,293 | €43,301 | +€5,008 | +13.1% |
| Trade debts | 44 | €628 | €9,046 | +€8,417 | +1,339% |
| Suppliers | 440/4 | €628 | €9,046 | +€8,417 | +1,339% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €39,105 | €9,105 | -€29,999 | -76.7% |
| Taxes | 450/3 | €39,105 | €9,105 | -€29,999 | -76.7% |
| Other amounts payable | 47/48 | €4,400 | €4,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,525 | €0 | -€17,525 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,701 | €46,985 | -€716 | -1.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | €0 | +€30,000 | |
| Other operating charges | 640/8 | €27,139 | €26,109 | -€1,030 | -3.8% |
| Gross operating margin | 9900 | €274,592 | €299,683 | +€25,091 | +9.1% |
| Operating profit (loss) | 9901 | €229,751 | €226,589 | -€3,163 | -1.4% |
| Financial income | 75/76B | €15,525 | €18,052 | +€2,527 | +16.3% |
| Recurring financial income | 75 | €15,525 | €18,052 | +€2,527 | +16.3% |
| Financial charges | 65/66B | €22,349 | €28,016 | +€5,667 | +25.4% |
| Recurring financial charges | 65 | €22,349 | €28,016 | +€5,667 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €222,927 | €216,625 | -€6,302 | -2.8% |
| Income taxes | 67/77 | €56,768 | €52,337 | -€4,431 | -7.8% |
| Profit (loss) for the period | 9904 | €166,159 | €164,288 | -€1,871 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €166,159 | €164,288 | -€1,871 | -1.1% |
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 14 October 2026 via checked.be.