GOLIE: 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.
GOLIE
Largest movements
- Cash +€39,663
up €39,663 (+59.5%), from €66,673 to €106,336
mainly Depreciation (+€31,822) and Net result for the year (+€23,721)
- Tangible fixed assets -€24,452
down €24,452 (-15.6%), from €157,075 to €132,623
- Profit (loss) carried forward +€63,930
up €63,930, from -€40,209 to €23,721
- Reserves -€40,209
down €40,209 (-7.0%), from €572,562 to €532,353
of which Distributable reserves: -€40,209
- Debts after one year -€11,923
down €11,923 (-30.0%), from €39,806 to €27,883
- Gross operating margin +€66,905
up €66,905 (+145%), from €46,186 to €113,091
- Financial income -€6,260
down €6,260 (-74.6%), from €8,394 to €2,134
- Taxes -€2,799
down €2,799 (-93.8%), from €2,984 to €185
- Depreciation -€2,080
down €2,080 (-6.1%), from €33,902 to €31,822
- Staff costs +€1,512
up €1,512 (+3.5%), from €43,200 to €44,712
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 | €635,997 | €644,412 | +€8,415 | +1.3% |
| Fixed assets | 21/28 | €158,299 | €133,847 | -€24,452 | -15.4% |
| Tangible fixed assets | 22/27 | €157,075 | €132,623 | -€24,452 | -15.6% |
| Land and buildings | 22 | €82,638 | €73,695 | -€8,943 | -10.8% |
| Plant, machinery and equipment | 23 | €50,499 | €45,958 | -€4,541 | -9.0% |
| Furniture and vehicles | 24 | €23,938 | €12,970 | -€10,968 | -45.8% |
| Financial fixed assets | 28 | €1,224 | €1,224 | = | 0.0% |
| Current assets | 29/58 | €477,698 | €510,565 | +€32,867 | +6.9% |
| Amounts receivable after more than one year | 29 | €20,437 | €17,372 | -€3,065 | -15.0% |
| Other amounts receivable | 291 | €20,437 | €17,372 | -€3,065 | -15.0% |
| Stocks and contracts in progress | 3 | €316,443 | €310,030 | -€6,413 | -2.0% |
| Stocks | 30/36 | €316,443 | €310,030 | -€6,413 | -2.0% |
| Amounts receivable within one year | 40/41 | €75 | €300 | +€225 | +300% |
| Trade receivables | 40 | €75 | €300 | +€225 | +300% |
| Current investments | 50/53 | €74,017 | €76,151 | +€2,134 | +2.9% |
| Cash at bank and in hand | 54/58 | €66,673 | €106,336 | +€39,663 | +59.5% |
| Deferred charges and accrued income | 490/1 | €53 | €376 | +€323 | +609% |
| Total equity and liabilities | 10/49 | €635,997 | €644,412 | +€8,415 | +1.3% |
| Equity | 10/15 | €550,945 | €574,666 | +€23,721 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €572,562 | €532,353 | -€40,209 | -7.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €570,703 | €530,494 | -€40,209 | -7.0% |
| Profit (loss) carried forward | 14 | -€40,209 | €23,721 | +€63,930 | |
| Provisions and deferred taxes | 16 | €2,838 | €2,940 | +€102 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €2,838 | €2,940 | +€102 | +3.6% |
| Taxes | 161 | €2,838 | €2,940 | +€102 | +3.6% |
| Amounts payable | 17/49 | €82,214 | €66,806 | -€15,408 | -18.7% |
| Amounts payable after more than one year | 17 | €39,806 | €27,883 | -€11,923 | -30.0% |
| Financial debts | 170/4 | €39,806 | €27,883 | -€11,923 | -30.0% |
| Amounts payable within one year | 42/48 | €42,408 | €38,923 | -€3,485 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €11,549 | €11,931 | +€382 | +3.3% |
| Trade debts | 44 | €18,550 | €15,250 | -€3,300 | -17.8% |
| Suppliers | 440/4 | €18,550 | €15,250 | -€3,300 | -17.8% |
| Taxes, remuneration and social security | 45 | €12,309 | €11,742 | -€567 | -4.6% |
| Taxes | 450/3 | €10,640 | €10,058 | -€582 | -5.5% |
| Remuneration and social security | 454/9 | €1,669 | €1,684 | +€15 | +0.9% |
| Remuneration, social security and pensions | 62 | €43,200 | €44,712 | +€1,512 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,902 | €31,822 | -€2,080 | -6.1% |
| Other operating charges | 640/8 | €10,108 | €10,748 | +€640 | +6.3% |
| Gross operating margin | 9900 | €46,186 | €113,091 | +€66,905 | +145% |
| Operating profit (loss) | 9901 | -€41,024 | €25,809 | +€66,833 | |
| Financial income | 75/76B | €8,394 | €2,134 | -€6,260 | -74.6% |
| Recurring financial income | 75 | €8,394 | €2,134 | -€6,260 | -74.6% |
| Financial charges | 65/66B | €4,595 | €4,037 | -€558 | -12.1% |
| Recurring financial charges | 65 | €4,595 | €4,037 | -€558 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,225 | €23,906 | +€61,131 | |
| Income taxes | 67/77 | €2,984 | €185 | -€2,799 | -93.8% |
| Profit (loss) for the period | 9904 | -€40,209 | €23,721 | +€63,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,209 | €23,721 | +€63,930 |
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 15 October 2026 via checked.be.