GOLI@: what changed
Two fiscal 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.
GOLI@
Largest movements
- Tangible fixed assets -€13,037
down €13,037 (-7.5%), from €173,812 to €160,775
of which Land and buildings: -€7,759
- Receivables within one year -€7,745
down €7,745 (-21.4%), from €36,269 to €28,524
of which Trade receivables: -€7,213
- Cash +€6,918
up €6,918 (+11.7%), from €59,027 to €65,945
mainly Net result for the year (+€15,622) and Depreciation (+€13,037)
- Reserves +€15,622
up €15,622 (+8.6%), from €181,262 to €196,883
- Debts after one year -€14,609
down €14,609 (-49.1%), from €29,732 to €15,124
- Other debts -€9,167
down €9,167 (-68.9%), from €13,302 to €4,135
- Trade debts -€6,667
down €6,667 (-60.4%), from €11,035 to €4,368
- Gross operating margin +€3,486
up €3,486 (+8.0%), from €43,616 to €47,101
- Taxes +€1,561
up €1,561 (+20.1%), from €7,759 to €9,320
- Depreciation -€848
down €848 (-6.1%), from €13,886 to €13,037
- Staff costs -€649
down €649 (-14.6%), from €4,459 to €3,810
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 | €269,108 | €255,244 | -€13,864 | -5.2% |
| Fixed assets | 21/28 | €173,812 | €160,775 | -€13,037 | -7.5% |
| Tangible fixed assets | 22/27 | €173,812 | €160,775 | -€13,037 | -7.5% |
| Land and buildings | 22 | €148,556 | €140,797 | -€7,759 | -5.2% |
| Plant, machinery and equipment | 23 | €1,900 | €1,353 | -€547 | -28.8% |
| Furniture and vehicles | 24 | €23,356 | €18,625 | -€4,731 | -20.3% |
| Current assets | 29/58 | €95,296 | €94,469 | -€827 | -0.9% |
| Amounts receivable within one year | 40/41 | €36,269 | €28,524 | -€7,745 | -21.4% |
| Trade receivables | 40 | €31,867 | €24,654 | -€7,213 | -22.6% |
| Other amounts receivable | 41 | €4,402 | €3,870 | -€532 | -12.1% |
| Cash at bank and in hand | 54/58 | €59,027 | €65,945 | +€6,918 | +11.7% |
| Total equity and liabilities | 10/49 | €269,108 | €255,244 | -€13,864 | -5.2% |
| Equity | 10/15 | €187,462 | €203,083 | +€15,622 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,262 | €196,883 | +€15,622 | +8.6% |
| Distributable reserves | 133 | €181,262 | €196,883 | +€15,622 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €81,646 | €52,161 | -€29,485 | -36.1% |
| Amounts payable after more than one year | 17 | €29,732 | €15,124 | -€14,609 | -49.1% |
| Financial debts | 170/4 | €29,732 | €15,124 | -€14,609 | -49.1% |
| Amounts payable within one year | 42/48 | €51,914 | €37,037 | -€14,876 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €14,112 | €14,609 | +€497 | +3.5% |
| Financial debts | 43 | €3,815 | €4,191 | +€377 | +9.9% |
| Credit institutions | 430/8 | €3,815 | €4,191 | +€377 | +9.9% |
| Trade debts | 44 | €11,035 | €4,368 | -€6,667 | -60.4% |
| Suppliers | 440/4 | €11,035 | €4,368 | -€6,667 | -60.4% |
| Taxes, remuneration and social security | 45 | €9,650 | €9,734 | +€84 | +0.9% |
| Taxes | 450/3 | €9,650 | €9,734 | +€84 | +0.9% |
| Other amounts payable | 47/48 | €13,302 | €4,135 | -€9,167 | -68.9% |
| Remuneration, social security and pensions | 62 | €4,459 | €3,810 | -€649 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,886 | €13,037 | -€848 | -6.1% |
| Other operating charges | 640/8 | €3,317 | €3,593 | +€276 | +8.3% |
| Gross operating margin | 9900 | €43,616 | €47,101 | +€3,486 | +8.0% |
| Operating profit (loss) | 9901 | €21,954 | €26,662 | +€4,707 | +21.4% |
| Financial income | 75/76B | €590 | €688 | +€97 | +16.5% |
| Recurring financial income | 75 | €590 | €688 | +€97 | +16.5% |
| Financial charges | 65/66B | €2,099 | €2,409 | +€309 | +14.7% |
| Recurring financial charges | 65 | €2,099 | €2,409 | +€309 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €20,446 | €24,941 | +€4,495 | +22.0% |
| Income taxes | 67/77 | €7,759 | €9,320 | +€1,561 | +20.1% |
| Profit (loss) for the period | 9904 | €12,687 | €15,622 | +€2,935 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,687 | €15,622 | +€2,935 | +23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.