GOLF ESSENTIEL: 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 ESSENTIEL
Largest movements
- Receivables within one year +€14,277
up €14,277 (+434%), from €3,288 to €17,564
of which Trade receivables: +€14,277
- Cash +€2,799
up €2,799 (+40.4%), from €6,928 to €9,727
mainly Net result for the year (+€10,442) and Tax, wage and social debts (+€7,275)
- Stocks and contracts -€1,205
down €1,205 (-9.6%), from €12,574 to €11,369
- Profit (loss) carried forward +€10,442
up €10,442, from -€2,298 to €8,144
- Tax, wage and social debts +€7,275
up €7,275 (+221%), from €3,294 to €10,569
- Trade debts -€1,845
down €1,845 (-11.9%), from €15,468 to €13,623
- Gross operating margin +€10,559
up €10,559 (+258%), from €4,085 to €14,644
- Taxes +€3,390
up €3,390 (+490%), from €692 to €4,081
- Other operating charges -€429
down €429 (-38.5%), from €1,115 to €685
- Financial income +€328
up €328 (+99.1%), from €331 to €659
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 | €22,789 | €38,661 | +€15,871 | +69.6% |
| Current assets | 29/58 | €22,789 | €38,661 | +€15,871 | +69.6% |
| Stocks and contracts in progress | 3 | €12,574 | €11,369 | -€1,205 | -9.6% |
| Stocks | 30/36 | €12,574 | €11,369 | -€1,205 | -9.6% |
| Amounts receivable within one year | 40/41 | €3,288 | €17,564 | +€14,277 | +434% |
| Trade receivables | 40 | €3,134 | €17,411 | +€14,277 | +456% |
| Other amounts receivable | 41 | €154 | €154 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,928 | €9,727 | +€2,799 | +40.4% |
| Total equity and liabilities | 10/49 | €22,789 | €38,661 | +€15,871 | +69.6% |
| Equity | 10/15 | €4,027 | €14,469 | +€10,442 | +259% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125 | €125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,298 | €8,144 | +€10,442 | |
| Amounts payable | 17/49 | €18,762 | €24,192 | +€5,430 | +28.9% |
| Amounts payable within one year | 42/48 | €18,762 | €24,192 | +€5,430 | +28.9% |
| Trade debts | 44 | €15,468 | €13,623 | -€1,845 | -11.9% |
| Suppliers | 440/4 | €15,468 | €13,623 | -€1,845 | -11.9% |
| Taxes, remuneration and social security | 45 | €3,294 | €10,569 | +€7,275 | +221% |
| Taxes | 450/3 | €3,294 | €10,569 | +€7,275 | +221% |
| Other operating charges | 640/8 | €1,115 | €685 | -€429 | -38.5% |
| Gross operating margin | 9900 | €4,085 | €14,644 | +€10,559 | +258% |
| Operating profit (loss) | 9901 | €2,971 | €13,959 | +€10,988 | +370% |
| Financial income | 75/76B | €331 | €659 | +€328 | +99.1% |
| Recurring financial income | 75 | €331 | €659 | +€328 | +99.1% |
| Financial charges | 65/66B | €110 | €95 | -€15 | -13.8% |
| Recurring financial charges | 65 | €110 | €95 | -€15 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €3,191 | €14,523 | +€11,332 | +355% |
| Income taxes | 67/77 | €692 | €4,081 | +€3,390 | +490% |
| Profit (loss) for the period | 9904 | €2,500 | €10,442 | +€7,942 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €2,500 | €10,442 | +€7,942 | +318% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.