GOLIATH IT: 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 IT
Largest movements
- Tangible fixed assets -€23,336
down €23,336 (-20.6%), from €113,356 to €90,020
of which Furniture and vehicles: -€14,062
- Current investments +€15,699
up €15,699 (+53.9%), from €29,119 to €44,818
- Receivables within one year +€5,968
up €5,968 (+21.1%), from €28,240 to €34,208
of which Trade receivables: +€7,746
- Stocks and contracts +€2,452
up €2,452 (+431%), from €569 to €3,020
- Cash +€2,268
up €2,268 (+8.9%), from €25,417 to €27,685
mainly Depreciation (+€26,099) and Other debts (+€23,311)
- Other debts +€23,311
up €23,311 (+184%), from €12,654 to €35,966
- Reserves -€16,923
down €16,923 (-21.2%), from €79,970 to €63,046
- Debts after one year -€12,818
down €12,818 (-27.4%), from €46,764 to €33,946
- Trade debts +€11,772
up €11,772 (+515%), from €2,286 to €14,057
- Write-downs -€4,914
down €4,914, from €2,457 to -€2,457
- Gross operating margin +€2,921
up €2,921 (+5.7%), from €51,588 to €54,508
- Other operating charges +€2,753
up €2,753 (+279%), from €987 to €3,739
- Taxes +€1,140
up €1,140 (+15.7%), from €7,247 to €8,387
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 | €198,338 | €201,685 | +€3,347 | +1.7% |
| Fixed assets | 21/28 | €113,840 | €90,276 | -€23,564 | -20.7% |
| Intangible fixed assets | 21 | €484 | €256 | -€228 | -47.1% |
| Tangible fixed assets | 22/27 | €113,356 | €90,020 | -€23,336 | -20.6% |
| Land and buildings | 22 | €11,001 | €8,743 | -€2,258 | -20.5% |
| Plant, machinery and equipment | 23 | €9,943 | €8,838 | -€1,105 | -11.1% |
| Furniture and vehicles | 24 | €42,727 | €28,665 | -€14,062 | -32.9% |
| Other tangible fixed assets | 26 | €49,684 | €43,774 | -€5,910 | -11.9% |
| Current assets | 29/58 | €84,498 | €111,408 | +€26,911 | +31.8% |
| Stocks and contracts in progress | 3 | €569 | €3,020 | +€2,452 | +431% |
| Stocks | 30/36 | €569 | €3,020 | +€2,452 | +431% |
| Amounts receivable within one year | 40/41 | €28,240 | €34,208 | +€5,968 | +21.1% |
| Trade receivables | 40 | €20,430 | €28,176 | +€7,746 | +37.9% |
| Other amounts receivable | 41 | €7,809 | €6,032 | -€1,778 | -22.8% |
| Current investments | 50/53 | €29,119 | €44,818 | +€15,699 | +53.9% |
| Cash at bank and in hand | 54/58 | €25,417 | €27,685 | +€2,268 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,153 | €1,677 | +€524 | +45.4% |
| Total equity and liabilities | 10/49 | €198,338 | €201,685 | +€3,347 | +1.7% |
| Equity | 10/15 | €105,887 | €87,491 | -€18,395 | -17.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €79,970 | €63,046 | -€16,923 | -21.2% |
| Distributable reserves | 133 | €79,970 | €63,046 | -€16,923 | -21.2% |
| Profit (loss) carried forward | 14 | €13,417 | €11,945 | -€1,472 | -11.0% |
| Amounts payable | 17/49 | €92,451 | €114,194 | +€21,742 | +23.5% |
| Amounts payable after more than one year | 17 | €46,764 | €33,946 | -€12,818 | -27.4% |
| Financial debts | 170/4 | €46,764 | €33,946 | -€12,818 | -27.4% |
| Amounts payable within one year | 42/48 | €43,402 | €79,452 | +€36,050 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €12,669 | €12,818 | +€149 | +1.2% |
| Financial debts | 43 | €3,311 | €4,040 | +€728 | +22.0% |
| Credit institutions | 430/8 | €3,311 | €4,040 | +€728 | +22.0% |
| Trade debts | 44 | €2,286 | €14,057 | +€11,772 | +515% |
| Suppliers | 440/4 | €2,286 | €14,057 | +€11,772 | +515% |
| Taxes, remuneration and social security | 45 | €12,481 | €12,571 | +€90 | +0.7% |
| Taxes | 450/3 | €9,914 | €9,982 | +€68 | +0.7% |
| Remuneration and social security | 454/9 | €2,567 | €2,589 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €12,654 | €35,966 | +€23,311 | +184% |
| Accrued charges and deferred income | 492/3 | €2,285 | €796 | -€1,489 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,881 | €26,099 | +€218 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,457 | -€2,457 | -€4,914 | |
| Other operating charges | 640/8 | €987 | €3,739 | +€2,753 | +279% |
| Gross operating margin | 9900 | €51,588 | €54,508 | +€2,921 | +5.7% |
| Operating profit (loss) | 9901 | €22,262 | €27,127 | +€4,864 | +21.8% |
| Financial income | 75/76B | €148 | €523 | +€376 | +254% |
| Recurring financial income | 75 | €148 | €523 | +€376 | +254% |
| Financial charges | 65/66B | €1,782 | €1,693 | -€89 | -5.0% |
| Recurring financial charges | 65 | €1,782 | €1,693 | -€89 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €20,629 | €25,957 | +€5,328 | +25.8% |
| Income taxes | 67/77 | €7,247 | €8,387 | +€1,140 | +15.7% |
| Profit (loss) for the period | 9904 | €13,382 | €17,570 | +€4,188 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,382 | €17,570 | +€4,188 | +31.3% |
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 1 November 2026 via checked.be.