GOLF CO RE: 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 CO RE
Largest movements
- Financial fixed assets -€272,256
down €272,256 (-100%), from €272,256 to €0
- Profit (loss) carried forward -€291,676
down €291,676, from €6,885 to -€284,790
- Debts after one year +€14,252
new in 2025: €14,252
- Trade debts +€8,286
up €8,286 (+43.7%), from €18,961 to €27,247
- Financial charges +€287,509
up €287,509 (+96,906%), from €297 to €287,806
of which Non-recurring financial charges: +€286,052
- Gross operating margin -€8,629
down €8,629 (-113%), from -€7,607 to -€16,236
- Taxes -€2,301
no longer reported in 2025 (was €2,301)
- Financial income -€2,065
down €2,065 (-12.2%), from €16,861 to €14,795
- Other operating charges +€1,916
up €1,916 (+373%), from €513 to €2,429
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 | €278,417 | €9,010 | -€269,408 | -96.8% |
| Fixed assets | 21/28 | €272,256 | €0 | -€272,256 | -100% |
| Financial fixed assets | 28 | €272,256 | €0 | -€272,256 | -100% |
| Current assets | 29/58 | €6,161 | €9,010 | +€2,849 | +46.2% |
| Amounts receivable within one year | 40/41 | €6,155 | €8,717 | +€2,561 | +41.6% |
| Other amounts receivable | 41 | €6,155 | €8,717 | +€2,561 | +41.6% |
| Cash at bank and in hand | 54/58 | €6 | €293 | +€288 | +5,062% |
| Total equity and liabilities | 10/49 | €278,417 | €9,010 | -€269,408 | -96.8% |
| Equity | 10/15 | €256,885 | -€34,790 | -€291,676 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,885 | -€284,790 | -€291,676 | |
| Amounts payable | 17/49 | €21,532 | €43,800 | +€22,268 | +103% |
| Amounts payable after more than one year | 17 | - | €14,252 | +€14,252 | |
| Other amounts payable | 178/9 | - | €14,252 | +€14,252 | |
| Amounts payable within one year | 42/48 | €21,532 | €29,547 | +€8,016 | +37.2% |
| Trade debts | 44 | €18,961 | €27,247 | +€8,286 | +43.7% |
| Suppliers | 440/4 | €18,961 | €27,247 | +€8,286 | +43.7% |
| Taxes, remuneration and social security | 45 | €2,571 | €2,301 | -€270 | -10.5% |
| Taxes | 450/3 | €2,571 | €2,301 | -€270 | -10.5% |
| Other operating charges | 640/8 | €513 | €2,429 | +€1,916 | +373% |
| Gross operating margin | 9900 | -€7,607 | -€16,236 | -€8,629 | -113% |
| Operating profit (loss) | 9901 | -€8,120 | -€18,665 | -€10,545 | -130% |
| Financial income | 75/76B | €16,861 | €14,795 | -€2,065 | -12.2% |
| Recurring financial income | 75 | €16,861 | €14,795 | -€2,065 | -12.2% |
| Financial charges | 65/66B | €297 | €287,806 | +€287,509 | +96,906% |
| Recurring financial charges | 65 | €297 | €1,754 | +€1,457 | +491% |
| Non-recurring financial charges | 66B | - | €286,052 | +€286,052 | |
| Profit (loss) for the period before taxes | 9903 | €8,444 | -€291,676 | -€300,119 | |
| Income taxes | 67/77 | €2,301 | - | -€2,301 | |
| Profit (loss) for the period | 9904 | €6,143 | -€291,676 | -€297,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,143 | -€291,676 | -€297,818 |
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 16 October 2026 via checked.be.