Goliath Power: 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 Power
Largest movements
- Tangible fixed assets -€158,323
down €158,323 (-20.4%), from €776,765 to €618,442
- Cash +€33,949
up €33,949 (+10.3%), from €331,099 to €365,049
mainly Depreciation (+€158,323) and Net result for the year (+€108,910)
- Debts after one year -€193,938
down €193,938 (-24.7%), from €784,754 to €590,816
- Other debts +€54,499
up €54,499 (+100%), from €54,411 to €108,910
- Current portion of long-term debt +€11,890
up €11,890 (+6.5%), from €182,048 to €193,938
- Gross operating margin +€61,905
up €61,905 (+20.8%), from €298,079 to €359,984
- Taxes +€18,531
up €18,531 (+103%), from €17,944 to €36,474
- Financial charges -€11,158
down €11,158 (-16.8%), from €66,226 to €55,068
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 | €1,130,587 | €1,003,596 | -€126,990 | -11.2% |
| Fixed assets | 21/28 | €776,765 | €618,442 | -€158,323 | -20.4% |
| Tangible fixed assets | 22/27 | €776,765 | €618,442 | -€158,323 | -20.4% |
| Leasing and similar rights | 25 | €776,765 | €618,442 | -€158,323 | -20.4% |
| Current assets | 29/58 | €353,822 | €385,154 | +€31,332 | +8.9% |
| Amounts receivable within one year | 40/41 | €15,330 | €12,713 | -€2,617 | -17.1% |
| Trade receivables | 40 | €6,389 | €9,631 | +€3,242 | +50.8% |
| Other amounts receivable | 41 | €8,941 | €3,081 | -€5,859 | -65.5% |
| Cash at bank and in hand | 54/58 | €331,099 | €365,049 | +€33,949 | +10.3% |
| Deferred charges and accrued income | 490/1 | €7,393 | €7,393 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,130,587 | €1,003,596 | -€126,990 | -11.2% |
| Equity | 10/15 | €95,700 | €95,700 | = | 0.0% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €8,700 | €8,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,700 | €0 | -€8,700 | -100% |
| Reserves not available under the articles | 1311 | €8,700 | €0 | -€8,700 | -100% |
| Distributable reserves | 133 | - | €8,700 | +€8,700 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,034,887 | €907,896 | -€126,990 | -12.3% |
| Amounts payable after more than one year | 17 | €784,754 | €590,816 | -€193,938 | -24.7% |
| Financial debts | 170/4 | €784,754 | €590,816 | -€193,938 | -24.7% |
| Amounts payable within one year | 42/48 | €249,568 | €316,502 | +€66,934 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €182,048 | €193,938 | +€11,890 | +6.5% |
| Trade debts | 44 | €12,877 | €12,179 | -€697 | -5.4% |
| Suppliers | 440/4 | €12,877 | €12,179 | -€697 | -5.4% |
| Taxes, remuneration and social security | 45 | €232 | €1,474 | +€1,242 | +535% |
| Taxes | 450/3 | €232 | €1,474 | +€1,242 | +535% |
| Other amounts payable | 47/48 | €54,411 | €108,910 | +€54,499 | +100% |
| Accrued charges and deferred income | 492/3 | €564 | €578 | +€14 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,323 | €158,323 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,176 | €1,208 | +€33 | +2.8% |
| Gross operating margin | 9900 | €298,079 | €359,984 | +€61,905 | +20.8% |
| Operating profit (loss) | 9901 | €138,580 | €200,452 | +€61,872 | +44.6% |
| Financial charges | 65/66B | €66,226 | €55,068 | -€11,158 | -16.8% |
| Recurring financial charges | 65 | €66,226 | €55,068 | -€11,158 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €72,354 | €145,384 | +€73,030 | +101% |
| Income taxes | 67/77 | €17,944 | €36,474 | +€18,531 | +103% |
| Profit (loss) for the period | 9904 | €54,411 | €108,910 | +€54,499 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €54,411 | €108,910 | +€54,499 | +100% |
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 17 October 2026 via checked.be.