GOLFISTI: 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.
GOLFISTI
Largest movements
- Cash +€8,391
up €8,391 (+41.5%), from €20,224 to €28,615
mainly Net result for the year (+€15,432) and Receivables within one year (+€2,037)
- Receivables within one year -€2,037
down €2,037 (-37.4%), from €5,446 to €3,409
of which Other amounts receivable: -€3,050
- Tangible fixed assets +€1,720
up €1,720 (+60.7%), from €2,832 to €4,553
- Profit (loss) carried forward +€15,432
new in 2025: €15,432
- Reserves -€10,000
down €10,000 (-57.8%), from €17,290 to €7,290
- Other debts +€1,450
new in 2025: €1,450
- Tax, wage and social debts +€1,192
up €1,192 (+23.8%), from €5,013 to €6,205
- Gross operating margin +€1,918
up €1,918 (+9.5%), from €20,206 to €22,124
- Taxes +€1,276
up €1,276 (+33.0%), from €3,868 to €5,144
- Depreciation +€488
up €488 (+89.6%), from €545 to €1,034
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 | €28,502 | €36,577 | +€8,074 | +28.3% |
| Fixed assets | 21/28 | €2,832 | €4,553 | +€1,720 | +60.7% |
| Tangible fixed assets | 22/27 | €2,832 | €4,553 | +€1,720 | +60.7% |
| Plant, machinery and equipment | 23 | €2,832 | €4,553 | +€1,720 | +60.7% |
| Current assets | 29/58 | €25,670 | €32,024 | +€6,354 | +24.8% |
| Amounts receivable within one year | 40/41 | €5,446 | €3,409 | -€2,037 | -37.4% |
| Trade receivables | 40 | €2,396 | €3,409 | +€1,013 | +42.3% |
| Other amounts receivable | 41 | €3,050 | - | -€3,050 | |
| Cash at bank and in hand | 54/58 | €20,224 | €28,615 | +€8,391 | +41.5% |
| Total equity and liabilities | 10/49 | €28,502 | €36,577 | +€8,074 | +28.3% |
| Equity | 10/15 | €23,490 | €28,922 | +€5,432 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,290 | €7,290 | -€10,000 | -57.8% |
| Distributable reserves | 133 | €17,290 | €7,290 | -€10,000 | -57.8% |
| Profit (loss) carried forward | 14 | - | €15,432 | +€15,432 | |
| Amounts payable | 17/49 | €5,013 | €7,655 | +€2,642 | +52.7% |
| Amounts payable within one year | 42/48 | €5,013 | €7,655 | +€2,642 | +52.7% |
| Taxes, remuneration and social security | 45 | €5,013 | €6,205 | +€1,192 | +23.8% |
| Taxes | 450/3 | €5,013 | €6,205 | +€1,192 | +23.8% |
| Other amounts payable | 47/48 | - | €1,450 | +€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €1,034 | +€488 | +89.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €20,206 | €22,124 | +€1,918 | +9.5% |
| Operating profit (loss) | 9901 | €19,211 | €20,628 | +€1,417 | +7.4% |
| Financial income | 75/76B | €179 | - | -€179 | |
| Recurring financial income | 75 | €179 | - | -€179 | |
| Financial charges | 65/66B | €50 | €52 | +€2 | +3.0% |
| Recurring financial charges | 65 | €50 | €52 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €19,340 | €20,576 | +€1,236 | +6.4% |
| Income taxes | 67/77 | €3,868 | €5,144 | +€1,276 | +33.0% |
| Profit (loss) for the period | 9904 | €15,472 | €15,432 | -€40 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,472 | €15,432 | -€40 | -0.3% |
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 25 October 2026 via checked.be.