GOLLING: 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.
GOLLING
Largest movements
- Receivables within one year -€61,598
down €61,598 (-43.1%), from €142,867 to €81,270
of which Trade receivables: -€44,106
- Tangible fixed assets +€33,241
up €33,241 (+352%), from €9,435 to €42,675
of which Furniture and vehicles: +€34,003
- Stocks and contracts -€28,527
down €28,527 (-58.1%), from €49,102 to €20,575
of which Contracts in progress: -€28,527
- Cash +€6,912
up €6,912 (+10.2%), from €67,938 to €74,850
mainly Receivables within one year (+€61,598) and Net result for the year (+€48,678)
- Trade debts -€66,215
no longer reported in 2025 (was €66,215)
- Advances received -€50,546
no longer reported in 2025 (was €50,546)
- Reserves +€48,678
up €48,678 (+39.6%), from €122,988 to €171,666
of which Distributable reserves: +€48,678
- Tax, wage and social debts +€10,901
up €10,901 (+2,985%), from €365 to €11,266
- Other debts +€6,716
up €6,716 (+41.0%), from €16,375 to €23,090
- Gross operating margin +€30,916
up €30,916 (+56.6%), from €54,669 to €85,585
- Taxes +€11,712
up €11,712 (+97.1%), from €12,059 to €23,770
- Depreciation -€4,340
down €4,340 (-29.7%), from €14,593 to €10,253
- Financial income -€1,222
down €1,222 (-91.3%), from €1,339 to €117
- Financial charges -€1,143
down €1,143 (-40.6%), from €2,816 to €1,673
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 | €277,692 | €226,046 | -€51,646 | -18.6% |
| Fixed assets | 21/28 | €11,685 | €44,925 | +€33,241 | +284% |
| Tangible fixed assets | 22/27 | €9,435 | €42,675 | +€33,241 | +352% |
| Plant, machinery and equipment | 23 | €999 | €237 | -€762 | -76.3% |
| Furniture and vehicles | 24 | €8,436 | €42,438 | +€34,003 | +403% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €266,007 | €181,121 | -€84,886 | -31.9% |
| Stocks and contracts in progress | 3 | €49,102 | €20,575 | -€28,527 | -58.1% |
| Stocks | 30/36 | €20,575 | €20,575 | = | 0.0% |
| Contracts in progress | 37 | €28,527 | - | -€28,527 | |
| Amounts receivable within one year | 40/41 | €142,867 | €81,270 | -€61,598 | -43.1% |
| Trade receivables | 40 | €121,644 | €77,538 | -€44,106 | -36.3% |
| Other amounts receivable | 41 | €21,223 | €3,732 | -€17,491 | -82.4% |
| Cash at bank and in hand | 54/58 | €67,938 | €74,850 | +€6,912 | +10.2% |
| Deferred charges and accrued income | 490/1 | €6,100 | €4,427 | -€1,673 | -27.4% |
| Total equity and liabilities | 10/49 | €277,692 | €226,046 | -€51,646 | -18.6% |
| Equity | 10/15 | €141,588 | €190,266 | +€48,678 | +34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,988 | €171,666 | +€48,678 | +39.6% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €118,488 | €167,166 | +€48,678 | +41.1% |
| Amounts payable | 17/49 | €136,104 | €35,781 | -€100,324 | -73.7% |
| Amounts payable within one year | 42/48 | €133,501 | €34,356 | -€99,145 | -74.3% |
| Trade debts | 44 | €66,215 | - | -€66,215 | |
| Suppliers | 440/4 | €66,215 | - | -€66,215 | |
| Advances received on contracts in progress | 46 | €50,546 | - | -€50,546 | |
| Taxes, remuneration and social security | 45 | €365 | €11,266 | +€10,901 | +2,985% |
| Taxes | 450/3 | €365 | €11,266 | +€10,901 | +2,985% |
| Other amounts payable | 47/48 | €16,375 | €23,090 | +€6,716 | +41.0% |
| Accrued charges and deferred income | 492/3 | €2,603 | €1,424 | -€1,179 | -45.3% |
| Non-recurring operating income | 76A | - | €9,888 | +€9,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,593 | €10,253 | -€4,340 | -29.7% |
| Other operating charges | 640/8 | €2,129 | €1,328 | -€802 | -37.7% |
| Gross operating margin | 9900 | €54,669 | €85,585 | +€30,916 | +56.6% |
| Operating profit (loss) | 9901 | €37,947 | €74,005 | +€36,058 | +95.0% |
| Financial income | 75/76B | €1,339 | €117 | -€1,222 | -91.3% |
| Recurring financial income | 75 | €1,339 | €117 | -€1,222 | -91.3% |
| Financial charges | 65/66B | €2,816 | €1,673 | -€1,143 | -40.6% |
| Recurring financial charges | 65 | €2,816 | €1,673 | -€1,143 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €36,471 | €72,449 | +€35,978 | +98.6% |
| Income taxes | 67/77 | €12,059 | €23,770 | +€11,712 | +97.1% |
| Profit (loss) for the period | 9904 | €24,412 | €48,678 | +€24,266 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,412 | €48,678 | +€24,266 | +99.4% |
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 21 October 2026 via checked.be.