GOLF.be: 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.
GOLF.be
Largest movements
- Cash -€15,026
down €15,026 (-14.3%), from €105,390 to €90,364
mainly Net result for the year (-€14,625) and Trade debts (-€1,040)
- Receivables within one year -€2,408
down €2,408 (-27.2%), from €8,853 to €6,446
of which Other amounts receivable: -€4,781
- Reserves -€14,625
down €14,625 (-16.5%), from €88,608 to €73,984
- Gross operating margin +€11,040
up €11,040 (+43.9%), from -€25,126 to -€14,086
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 | €115,559 | €98,571 | -€16,989 | -14.7% |
| Current assets | 29/58 | €115,559 | €98,571 | -€16,989 | -14.7% |
| Amounts receivable within one year | 40/41 | €8,853 | €6,446 | -€2,408 | -27.2% |
| Trade receivables | 40 | €1,308 | €3,681 | +€2,373 | +181.4% |
| Other amounts receivable | 41 | €7,545 | €2,764 | -€4,781 | -63.4% |
| Cash at bank and in hand | 54/58 | €105,390 | €90,364 | -€15,026 | -14.3% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,761 | +€445 | +33.8% |
| Total equity and liabilities | 10/49 | €115,559 | €98,571 | -€16,989 | -14.7% |
| Equity | 10/15 | €108,608 | €93,984 | -€14,625 | -13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,608 | €73,984 | -€14,625 | -16.5% |
| Distributable reserves | 133 | €88,608 | €73,984 | -€14,625 | -16.5% |
| Amounts payable | 17/49 | €6,951 | €4,587 | -€2,364 | -34.0% |
| Amounts payable within one year | 42/48 | €6,564 | €4,587 | -€1,977 | -30.1% |
| Trade debts | 44 | €5,627 | €4,587 | -€1,040 | -18.5% |
| Suppliers | 440/4 | €5,627 | €4,587 | -€1,040 | -18.5% |
| Advances received on contracts in progress | 46 | €917 | - | -€917 | |
| Other amounts payable | 47/48 | €20 | - | -€20 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €451 | €471 | +€20 | +4.5% |
| Gross operating margin | 9900 | -€25,126 | -€14,086 | +€11,040 | +43.9% |
| Operating profit (loss) | 9901 | -€25,578 | -€14,558 | +€11,020 | +43.1% |
| Financial charges | 65/66B | €65 | €67 | +€2 | +2.4% |
| Recurring financial charges | 65 | €65 | €67 | +€2 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,643 | -€14,625 | +€11,018 | +43.0% |
| Profit (loss) for the period | 9904 | -€25,643 | -€14,625 | +€11,018 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,643 | -€14,625 | +€11,018 | +43.0% |
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 9 October 2026 via checked.be.