GOLLMANN ZWICK: 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.
GOLLMANN ZWICK
Largest movements
- Receivables within one year +€230,501
up €230,501 (+87.0%), from €264,802 to €495,303
of which Trade receivables: +€230,669
- Cash -€136,150
down €136,150 (-84.6%), from €160,977 to €24,827
mainly Receivables within one year (-€230,501) and Other debts (-€100,000)
- Stocks and contracts +€72,696
new in 2025: €72,696
- Contributions +€100,000
up €100,000 (+538%), from €18,600 to €118,600
of which Contributions outside capital: +€118,600
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Advances received +€94,779
up €94,779 (+55.9%), from €169,603 to €264,382
- Profit (loss) carried forward +€59,099
up €59,099 (+50.5%), from -€116,916 to -€57,817
- Tax, wage and social debts +€21,510
up €21,510 (+23.3%), from €92,136 to €113,646
of which Remuneration and social security: +€24,323
- Gross operating margin +€152,743
up €152,743 (+31.4%), from €486,302 to €639,045
- Staff costs +€118,978
up €118,978 (+26.8%), from €443,494 to €562,472
- Taxes +€14,464
up €14,464 (+1,850%), from €782 to €15,246
- Other operating charges -€9,485
down €9,485 (-98.3%), from €9,653 to €168
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 | €466,832 | €640,094 | +€173,263 | +37.1% |
| Fixed assets | 21/28 | €35,735 | €41,942 | +€6,208 | +17.4% |
| Tangible fixed assets | 22/27 | €5,610 | €11,817 | +€6,208 | +111% |
| Plant, machinery and equipment | 23 | €90 | €7,107 | +€7,018 | +7,809% |
| Furniture and vehicles | 24 | €5,520 | €4,710 | -€810 | -14.7% |
| Financial fixed assets | 28 | €30,125 | €30,125 | = | 0.0% |
| Current assets | 29/58 | €431,097 | €598,152 | +€167,055 | +38.8% |
| Stocks and contracts in progress | 3 | - | €72,696 | +€72,696 | |
| Stocks | 30/36 | - | €72,696 | +€72,696 | |
| Amounts receivable within one year | 40/41 | €264,802 | €495,303 | +€230,501 | +87.0% |
| Trade receivables | 40 | €264,634 | €495,303 | +€230,669 | +87.2% |
| Other amounts receivable | 41 | €168 | - | -€168 | |
| Cash at bank and in hand | 54/58 | €160,977 | €24,827 | -€136,150 | -84.6% |
| Deferred charges and accrued income | 490/1 | €5,318 | €5,326 | +€8 | +0.2% |
| Total equity and liabilities | 10/49 | €466,832 | €640,094 | +€173,263 | +37.1% |
| Equity | 10/15 | -€66,656 | €92,443 | +€159,099 | |
| Contributions | 10/11 | €18,600 | €118,600 | +€100,000 | +538% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €118,600 | +€118,600 | |
| Other | 1109/19 | - | €118,600 | +€118,600 | |
| Reserves | 13 | €31,660 | €31,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,800 | €29,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,916 | -€57,817 | +€59,099 | +50.5% |
| Amounts payable | 17/49 | €533,487 | €547,651 | +€14,164 | +2.7% |
| Amounts payable within one year | 42/48 | €533,487 | €547,651 | +€14,164 | +2.7% |
| Trade debts | 44 | €171,749 | €169,623 | -€2,126 | -1.2% |
| Suppliers | 440/4 | €171,749 | €169,623 | -€2,126 | -1.2% |
| Advances received on contracts in progress | 46 | €169,603 | €264,382 | +€94,779 | +55.9% |
| Taxes, remuneration and social security | 45 | €92,136 | €113,646 | +€21,510 | +23.3% |
| Taxes | 450/3 | €37,972 | €35,159 | -€2,813 | -7.4% |
| Remuneration and social security | 454/9 | €54,164 | €78,487 | +€24,323 | +44.9% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Remuneration, social security and pensions | 62 | €443,494 | €562,472 | +€118,978 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,269 | €1,708 | -€561 | -24.7% |
| Other operating charges | 640/8 | €9,653 | €168 | -€9,485 | -98.3% |
| Gross operating margin | 9900 | €486,302 | €639,045 | +€152,743 | +31.4% |
| Operating profit (loss) | 9901 | €30,886 | €74,697 | +€43,811 | +142% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €357 | €352 | -€5 | -1.5% |
| Recurring financial charges | 65 | €357 | €352 | -€5 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €30,530 | €74,345 | +€43,816 | +144% |
| Income taxes | 67/77 | €782 | €15,246 | +€14,464 | +1,850% |
| Profit (loss) for the period | 9904 | €29,748 | €59,099 | +€29,351 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,748 | €59,099 | +€29,351 | +98.7% |
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 31 October 2026 via checked.be.