GOLICO: 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.
GOLICO
Largest movements
- Tangible fixed assets +€414,919
up €414,919 (+3427.1%), from €12,107 to €427,026
of which Land and buildings: +€406,744
- Cash +€19,587
up €19,587 (+115.6%), from €16,938 to €36,524
mainly Debts after one year (+€353,190) and Other debts (+€58,118)
- Receivables within one year -€5,509
down €5,509 (-24.7%), from €22,334 to €16,825
of which Trade receivables: -€5,272
- Debts after one year +€353,190
new in 2025: €353,190
- Other debts +€58,118
new in 2025: €58,118
- Current portion of long-term debt +€12,708
new in 2025: €12,708
- Tax, wage and social debts +€6,690
up €6,690 (+37.7%), from €17,723 to €24,413
- Depreciation +€54,276
up €54,276 (+22810.7%), from €238 to €54,514
- Gross operating margin +€29,420
up €29,420 (+82.2%), from €35,784 to €65,203
- Taxes -€5,617
down €5,617 (-80.6%), from €6,969 to €1,352
- Financial charges +€5,229
up €5,229 (+389.1%), from €1,344 to €6,573
- Other operating charges +€2,060
up €2,060 (+547.5%), from €376 to €2,436
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 | €54,041 | €482,398 | +€428,357 | +792.7% |
| Fixed assets | 21/28 | €12,107 | €427,026 | +€414,919 | +3427.1% |
| Tangible fixed assets | 22/27 | €12,107 | €427,026 | +€414,919 | +3427.1% |
| Land and buildings | 22 | - | €406,744 | +€406,744 | |
| Plant, machinery and equipment | 23 | €696 | €436 | -€261 | -37.4% |
| Furniture and vehicles | 24 | - | €2,173 | +€2,173 | |
| Other tangible fixed assets | 26 | €11,411 | €17,674 | +€6,263 | +54.9% |
| Current assets | 29/58 | €41,934 | €55,372 | +€13,438 | +32.0% |
| Amounts receivable within one year | 40/41 | €22,334 | €16,825 | -€5,509 | -24.7% |
| Trade receivables | 40 | €22,097 | €16,825 | -€5,272 | -23.9% |
| Other amounts receivable | 41 | €237 | €0 | -€237 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,938 | €36,524 | +€19,587 | +115.6% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,022 | -€640 | -24.0% |
| Total equity and liabilities | 10/49 | €54,041 | €482,398 | +€428,357 | +792.7% |
| Equity | 10/15 | €31,857 | €32,216 | +€359 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,857 | €27,216 | +€359 | +1.3% |
| Distributable reserves | 133 | €26,857 | €27,216 | +€359 | +1.3% |
| Amounts payable | 17/49 | €22,184 | €450,182 | +€427,998 | +1929.3% |
| Amounts payable after more than one year | 17 | - | €353,190 | +€353,190 | |
| Financial debts | 170/4 | - | €353,190 | +€353,190 | |
| Amounts payable within one year | 42/48 | €21,996 | €96,696 | +€74,699 | +339.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,708 | +€12,708 | |
| Trade debts | 44 | €4,274 | €1,458 | -€2,816 | -65.9% |
| Suppliers | 440/4 | €4,274 | €1,458 | -€2,816 | -65.9% |
| Taxes, remuneration and social security | 45 | €17,723 | €24,413 | +€6,690 | +37.7% |
| Taxes | 450/3 | €17,723 | €24,413 | +€6,690 | +37.7% |
| Other amounts payable | 47/48 | - | €58,118 | +€58,118 | |
| Accrued charges and deferred income | 492/3 | €188 | €297 | +€109 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €54,514 | +€54,276 | +22810.7% |
| Other operating charges | 640/8 | €376 | €2,436 | +€2,060 | +547.5% |
| Gross operating margin | 9900 | €35,784 | €65,203 | +€29,420 | +82.2% |
| Operating profit (loss) | 9901 | €35,169 | €8,254 | -€26,916 | -76.5% |
| Financial income | 75/76B | €0 | €31 | +€31 | +306800.0% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +306800.0% |
| Financial charges | 65/66B | €1,344 | €6,573 | +€5,229 | +389.1% |
| Recurring financial charges | 65 | €1,344 | €6,573 | +€5,229 | +389.1% |
| Profit (loss) for the period before taxes | 9903 | €33,826 | €1,711 | -€32,115 | -94.9% |
| Income taxes | 67/77 | €6,969 | €1,352 | -€5,617 | -80.6% |
| Profit (loss) for the period | 9904 | €26,857 | €359 | -€26,497 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,857 | €359 | -€26,497 | -98.7% |
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 2 October 2026 via checked.be.