Goliath-GS: 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.
Goliath-GS
Largest movements
- Cash +€15,036
up €15,036 (+116.4%), from €12,912 to €27,949
mainly Net result for the year (+€19,135) and Tax, wage and social debts (+€8,268)
- Receivables within one year +€8,248
up €8,248 (+59.5%), from €13,851 to €22,099
of which Trade receivables: +€8,983
- Tangible fixed assets -€1,482
down €1,482 (-9.2%), from €16,085 to €14,603
of which Furniture and vehicles: -€2,364
- Deferred charges and accrued income +€670
up €670 (+46.0%), from €1,456 to €2,126
- Reserves +€19,100
up €19,100 (+119.4%), from €16,000 to €35,100
- Tax, wage and social debts +€8,268
up €8,268 (+221.9%), from €3,726 to €11,994
- Debts after one year -€4,837
down €4,837 (-57.5%), from €8,414 to €3,577
- Gross operating margin +€17,564
up €17,564 (+114.2%), from €15,374 to €32,938
- Taxes +€4,994
up €4,994 (+140.4%), from €3,558 to €8,552
- Depreciation +€605
up €605 (+11.9%), from €5,094 to €5,699
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 | €44,304 | €66,776 | +€22,472 | +50.7% |
| Fixed assets | 21/28 | €16,085 | €14,603 | -€1,482 | -9.2% |
| Tangible fixed assets | 22/27 | €16,085 | €14,603 | -€1,482 | -9.2% |
| Plant, machinery and equipment | 23 | €8,747 | €7,993 | -€755 | -8.6% |
| Furniture and vehicles | 24 | €6,063 | €3,699 | -€2,364 | -39.0% |
| Other tangible fixed assets | 26 | €1,275 | €2,912 | +€1,636 | +128.3% |
| Current assets | 29/58 | €28,219 | €52,173 | +€23,954 | +84.9% |
| Amounts receivable within one year | 40/41 | €13,851 | €22,099 | +€8,248 | +59.5% |
| Trade receivables | 40 | €13,032 | €22,015 | +€8,983 | +68.9% |
| Other amounts receivable | 41 | €819 | €84 | -€735 | -89.7% |
| Cash at bank and in hand | 54/58 | €12,912 | €27,949 | +€15,036 | +116.4% |
| Deferred charges and accrued income | 490/1 | €1,456 | €2,126 | +€670 | +46.0% |
| Total equity and liabilities | 10/49 | €44,304 | €66,776 | +€22,472 | +50.7% |
| Equity | 10/15 | €22,026 | €41,161 | +€19,135 | +86.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €35,100 | +€19,100 | +119.4% |
| Distributable reserves | 133 | €16,000 | €35,100 | +€19,100 | +119.4% |
| Profit (loss) carried forward | 14 | €26 | €61 | +€35 | +136.2% |
| Amounts payable | 17/49 | €22,278 | €25,615 | +€3,337 | +15.0% |
| Amounts payable after more than one year | 17 | €8,414 | €3,577 | -€4,837 | -57.5% |
| Financial debts | 170/4 | €8,414 | €3,577 | -€4,837 | -57.5% |
| Amounts payable within one year | 42/48 | €13,864 | €22,038 | +€8,174 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €4,665 | €4,837 | +€172 | +3.7% |
| Trade debts | 44 | €2,968 | €3,008 | +€41 | +1.4% |
| Suppliers | 440/4 | €2,968 | €3,008 | +€41 | +1.4% |
| Taxes, remuneration and social security | 45 | €3,726 | €11,994 | +€8,268 | +221.9% |
| Taxes | 450/3 | €3,726 | €11,994 | +€8,268 | +221.9% |
| Other amounts payable | 47/48 | €2,506 | €2,199 | -€307 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,094 | €5,699 | +€605 | +11.9% |
| Other operating charges | 640/8 | €1,508 | €1,302 | -€206 | -13.7% |
| Gross operating margin | 9900 | €15,374 | €32,938 | +€17,564 | +114.2% |
| Operating profit (loss) | 9901 | €8,772 | €25,936 | +€17,165 | +195.7% |
| Financial income | 75/76B | €2,226 | €2,329 | +€102 | +4.6% |
| Recurring financial income | 75 | €2,226 | €2,329 | +€102 | +4.6% |
| Financial charges | 65/66B | €790 | €578 | -€212 | -26.8% |
| Recurring financial charges | 65 | €790 | €578 | -€212 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €10,208 | €27,687 | +€17,479 | +171.2% |
| Income taxes | 67/77 | €3,558 | €8,552 | +€4,994 | +140.4% |
| Profit (loss) for the period | 9904 | €6,650 | €19,135 | +€12,485 | +187.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,650 | €19,135 | +€12,485 | +187.7% |
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 9 October 2026 via checked.be.