GOLEM: 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.
GOLEM
Largest movements
- Tangible fixed assets -€16,460
down €16,460 (-14.8%), from €111,435 to €94,975
of which Land and buildings: -€17,851
- Cash -€7,827
down €7,827 (-61.3%), from €12,759 to €4,932
- Receivables within one year -€3,709
down €3,709 (-37.4%), from €9,907 to €6,198
of which Trade receivables: -€6,160
- Profit (loss) carried forward -€14,812
down €14,812 (-19.0%), from -€78,149 to -€92,961
- Other debts -€14,340
down €14,340 (-24.6%), from €58,276 to €43,936
- Accrued charges and deferred income +€1,470
up €1,470 (+100.0%), from €1,470 to €2,940
- Purchases and services +€16,865
new in 2026: €16,865
- Gross operating margin +€7,431
up €7,431 (+214.5%), from €3,464 to €10,895
- Other operating charges +€1,355
up €1,355 (+28.2%), from €4,813 to €6,168
- Depreciation -€1,203
down €1,203 (-12.0%), from €10,051 to €8,848
- Financial charges -€207
down €207 (-87.3%), from €237 to €30
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,208 | €107,505 | -€27,703 | -20.5% |
| Fixed assets | 21/28 | €112,115 | €95,655 | -€16,460 | -14.7% |
| Tangible fixed assets | 22/27 | €111,435 | €94,975 | -€16,460 | -14.8% |
| Land and buildings | 22 | €110,390 | €92,539 | -€17,851 | -16.2% |
| Plant, machinery and equipment | 23 | €861 | €1,932 | +€1,071 | +124.4% |
| Furniture and vehicles | 24 | €132 | €504 | +€372 | +281.8% |
| Other tangible fixed assets | 26 | €52 | - | -€52 | |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €23,093 | €11,850 | -€11,243 | -48.7% |
| Amounts receivable within one year | 40/41 | €9,907 | €6,198 | -€3,709 | -37.4% |
| Trade receivables | 40 | €9,185 | €3,025 | -€6,160 | -67.1% |
| Other amounts receivable | 41 | €722 | €3,173 | +€2,451 | +339.5% |
| Cash at bank and in hand | 54/58 | €12,759 | €4,932 | -€7,827 | -61.3% |
| Deferred charges and accrued income | 490/1 | €427 | €720 | +€293 | +68.6% |
| Total equity and liabilities | 10/49 | €135,208 | €107,505 | -€27,703 | -20.5% |
| Equity | 10/15 | €71,851 | €57,039 | -€14,812 | -20.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,149 | -€92,961 | -€14,812 | -19.0% |
| Amounts payable | 17/49 | €63,357 | €50,466 | -€12,891 | -20.3% |
| Amounts payable within one year | 42/48 | €61,887 | €47,526 | -€14,361 | -23.2% |
| Trade debts | 44 | €3,611 | €3,590 | -€21 | -0.6% |
| Suppliers | 440/4 | €3,611 | €3,590 | -€21 | -0.6% |
| Other amounts payable | 47/48 | €58,276 | €43,936 | -€14,340 | -24.6% |
| Accrued charges and deferred income | 492/3 | €1,470 | €2,940 | +€1,470 | +100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €16,865 | +€16,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,051 | €8,848 | -€1,203 | -12.0% |
| Other operating charges | 640/8 | €4,813 | €6,168 | +€1,355 | +28.2% |
| Gross operating margin | 9900 | €3,464 | €10,895 | +€7,431 | +214.5% |
| Operating profit (loss) | 9901 | -€11,400 | -€4,121 | +€7,279 | +63.9% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €237 | €30 | -€207 | -87.3% |
| Recurring financial charges | 65 | €237 | €30 | -€207 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,536 | -€4,151 | +€7,385 | +64.0% |
| Profit (loss) for the period | 9904 | -€11,536 | -€4,151 | +€7,385 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,536 | -€4,151 | +€7,385 | +64.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.