Golf Times: 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 Times
Largest movements
- Receivables within one year +€131
up €131 (+6.2%), from €2,093 to €2,223
- Trade debts +€191
up €191 (+3.4%), from €5,660 to €5,851
- Profit (loss) carried forward -€60
down €60 (-0.1%), from -€56,482 to -€56,543
- Gross operating margin +€592
up €592 (+75.6%), from -€783 to -€191
- Other operating charges -€384
no longer reported in 2025 (was €384)
- Financial charges -€322
no longer reported in 2025 (was €322)
- Financial income +€23
up €23 (+21.3%), from €108 to €131
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,456 | €2,586 | +€131 | +5.3% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €2,093 | €2,223 | +€131 | +6.2% |
| Amounts receivable within one year | 40/41 | €2,093 | €2,223 | +€131 | +6.2% |
| Other amounts receivable | 41 | €2,093 | €2,223 | +€131 | +6.2% |
| Total equity and liabilities | 10/49 | €2,456 | €2,586 | +€131 | +5.3% |
| Equity | 10/15 | -€50,282 | -€50,343 | -€60 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,482 | -€56,543 | -€60 | -0.1% |
| Amounts payable | 17/49 | €52,738 | €52,929 | +€191 | +0.4% |
| Amounts payable within one year | 42/48 | €52,738 | €52,929 | +€191 | +0.4% |
| Trade debts | 44 | €5,660 | €5,851 | +€191 | +3.4% |
| Suppliers | 440/4 | €5,660 | €5,851 | +€191 | +3.4% |
| Other amounts payable | 47/48 | €47,078 | €47,078 | = | 0.0% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | -€783 | -€191 | +€592 | +75.6% |
| Operating profit (loss) | 9901 | -€1,168 | -€191 | +€977 | +83.6% |
| Financial income | 75/76B | €108 | €131 | +€23 | +21.3% |
| Recurring financial income | 75 | €108 | €131 | +€23 | +21.3% |
| Financial charges | 65/66B | €322 | - | -€322 | |
| Recurring financial charges | 65 | €322 | - | -€322 | |
| Profit (loss) for the period before taxes | 9903 | -€1,382 | -€60 | +€1,322 | +95.6% |
| Profit (loss) for the period | 9904 | -€1,382 | -€60 | +€1,322 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,382 | -€60 | +€1,322 | +95.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.