GoliathTech Europe: 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.
GoliathTech Europe
Largest movements
- Stocks and contracts +€73,676
up €73,676 (+122%), from €60,206 to €133,882
of which Stocks: +€72,403
- Cash +€37,767
new in 2026: €37,767
mainly Trade debts (+€142,933) and Contributions, distributions and other (+€50,000)
- Receivables within one year +€20,773
up €20,773 (+27.7%), from €74,877 to €95,651
of which Trade receivables: +€19,766
- Intangible fixed assets +€3,066
new in 2026: €3,066
- Trade debts +€142,933
up €142,933 (+120%), from €119,347 to €262,280
- Profit (loss) carried forward -€62,209
down €62,209 (-758%), from -€8,210 to -€70,419
- Contributions +€50,000
new in 2026: €50,000
- Debts after one year +€8,282
up €8,282 (+63.7%), from €12,991 to €21,273
- Gross operating margin -€51,174
down €51,174 (-629%), from -€8,131 to -€59,306
- Financial charges +€2,786
up €2,786 (+3,537%), from €79 to €2,865
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,083 | €272,367 | +€137,284 | +102% |
| Fixed assets | 21/28 | - | €3,066 | +€3,066 | |
| Intangible fixed assets | 21 | - | €3,066 | +€3,066 | |
| Current assets | 29/58 | €135,083 | €269,301 | +€134,218 | +99.4% |
| Stocks and contracts in progress | 3 | €60,206 | €133,882 | +€73,676 | +122% |
| Stocks | 30/36 | €60,206 | €132,608 | +€72,403 | +120% |
| Contracts in progress | 37 | - | €1,274 | +€1,274 | |
| Amounts receivable within one year | 40/41 | €74,877 | €95,651 | +€20,773 | +27.7% |
| Trade receivables | 40 | €71,754 | €91,520 | +€19,766 | +27.5% |
| Other amounts receivable | 41 | €3,123 | €4,130 | +€1,007 | +32.3% |
| Cash at bank and in hand | 54/58 | - | €37,767 | +€37,767 | |
| Deferred charges and accrued income | 490/1 | - | €2,001 | +€2,001 | |
| Total equity and liabilities | 10/49 | €135,083 | €272,367 | +€137,284 | +102% |
| Equity | 10/15 | -€8,210 | -€20,419 | -€12,209 | -149% |
| Contributions | 10/11 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | -€8,210 | -€70,419 | -€62,209 | -758% |
| Amounts payable | 17/49 | €143,293 | €292,787 | +€149,493 | +104% |
| Amounts payable after more than one year | 17 | €12,991 | €21,273 | +€8,282 | +63.7% |
| Financial debts | 170/4 | €12,991 | €21,273 | +€8,282 | +63.7% |
| Amounts payable within one year | 42/48 | €130,302 | €271,513 | +€141,212 | +108% |
| Financial debts | 43 | €0 | €0 | -€0 | -100% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100% |
| Trade debts | 44 | €119,347 | €262,280 | +€142,933 | +120% |
| Suppliers | 440/4 | €119,347 | €262,280 | +€142,933 | +120% |
| Taxes, remuneration and social security | 45 | €10,955 | €9,234 | -€1,721 | -15.7% |
| Taxes | 450/3 | €10,955 | €9,234 | -€1,721 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39 | +€39 | |
| Gross operating margin | 9900 | -€8,131 | -€59,306 | -€51,174 | -629% |
| Operating profit (loss) | 9901 | -€8,131 | -€59,345 | -€51,213 | -630% |
| Financial charges | 65/66B | €79 | €2,865 | +€2,786 | +3,537% |
| Recurring financial charges | 65 | €79 | €2,865 | +€2,786 | +3,537% |
| Profit (loss) for the period before taxes | 9903 | -€8,210 | -€62,209 | -€53,999 | -658% |
| Profit (loss) for the period | 9904 | -€8,210 | -€62,209 | -€53,999 | -658% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,210 | -€62,209 | -€53,999 | -658% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.