GOLMEER: 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.
GOLMEER
Largest movements
- Tangible fixed assets +€230,834
up €230,834 (+214%), from €107,871 to €338,705
of which Furniture and vehicles: +€229,418
- Cash +€108,381
up €108,381 (+48.1%), from €225,410 to €333,791
mainly Net result for the year (+€169,682) and Current investments (+€97,678)
- Current investments -€97,678
down €97,678 (-16.3%), from €600,625 to €502,947
- Stocks and contracts +€45,518
up €45,518 (+22.2%), from €205,349 to €250,867
- Receivables within one year -€30,581
down €30,581 (-35.3%), from €86,740 to €56,159
of which Trade receivables: -€85,651
- Reserves +€169,682
up €169,682 (+27.3%), from €621,618 to €791,300
- Trade debts +€87,282
up €87,282 (+114%), from €76,870 to €164,152
- Gross operating margin -€192,339
down €192,339 (-43.0%), from €447,382 to €255,044
- Depreciation -€51,704
down €51,704 (-75.5%), from €68,472 to €16,768
- Taxes -€49,882
down €49,882 (-39.1%), from €127,433 to €77,550
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 | €1,230,995 | €1,488,071 | +€257,076 | +20.9% |
| Fixed assets | 21/28 | €112,871 | €343,705 | +€230,834 | +205% |
| Tangible fixed assets | 22/27 | €107,871 | €338,705 | +€230,834 | +214% |
| Land and buildings | 22 | €100,829 | €92,671 | -€8,158 | -8.1% |
| Plant, machinery and equipment | 23 | €6,474 | €16,048 | +€9,573 | +148% |
| Furniture and vehicles | 24 | €568 | €229,986 | +€229,418 | +40,412% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,118,125 | €1,144,366 | +€26,241 | +2.3% |
| Stocks and contracts in progress | 3 | €205,349 | €250,867 | +€45,518 | +22.2% |
| Stocks | 30/36 | €205,349 | €250,867 | +€45,518 | +22.2% |
| Amounts receivable within one year | 40/41 | €86,740 | €56,159 | -€30,581 | -35.3% |
| Trade receivables | 40 | €86,740 | €1,089 | -€85,651 | -98.7% |
| Other amounts receivable | 41 | - | €55,070 | +€55,070 | |
| Current investments | 50/53 | €600,625 | €502,947 | -€97,678 | -16.3% |
| Cash at bank and in hand | 54/58 | €225,410 | €333,791 | +€108,381 | +48.1% |
| Deferred charges and accrued income | 490/1 | €0 | €602 | +€602 | |
| Total equity and liabilities | 10/49 | €1,230,995 | €1,488,071 | +€257,076 | +20.9% |
| Equity | 10/15 | €1,052,618 | €1,222,300 | +€169,682 | +16.1% |
| Contributions | 10/11 | €431,000 | €431,000 | = | 0.0% |
| Reserves | 13 | €621,618 | €791,300 | +€169,682 | +27.3% |
| Distributable reserves | 133 | €621,618 | €791,300 | +€169,682 | +27.3% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €178,378 | €265,771 | +€87,393 | +49.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €175,190 | €259,354 | +€84,164 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €76,870 | €164,152 | +€87,282 | +114% |
| Suppliers | 440/4 | €76,870 | €164,152 | +€87,282 | +114% |
| Taxes, remuneration and social security | 45 | €79,836 | €74,959 | -€4,877 | -6.1% |
| Taxes | 450/3 | €79,836 | €74,959 | -€4,877 | -6.1% |
| Other amounts payable | 47/48 | €18,484 | €20,243 | +€1,759 | +9.5% |
| Accrued charges and deferred income | 492/3 | €3,188 | €6,417 | +€3,229 | +101% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €187 | -€825 | -€1,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,472 | €16,768 | -€51,704 | -75.5% |
| Other operating charges | 640/8 | €8,171 | €9,518 | +€1,347 | +16.5% |
| Gross operating margin | 9900 | €447,382 | €255,044 | -€192,339 | -43.0% |
| Operating profit (loss) | 9901 | €370,552 | €229,583 | -€140,969 | -38.0% |
| Financial income | 75/76B | €21,051 | €20,021 | -€1,030 | -4.9% |
| Recurring financial income | 75 | €21,051 | €20,021 | -€1,030 | -4.9% |
| Financial charges | 65/66B | €3,873 | €2,372 | -€1,501 | -38.8% |
| Recurring financial charges | 65 | €3,873 | €2,372 | -€1,501 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €387,730 | €247,232 | -€140,498 | -36.2% |
| Transfer from deferred taxes | 780 | €223 | €0 | -€223 | -100% |
| Income taxes | 67/77 | €127,433 | €77,550 | -€49,882 | -39.1% |
| Profit (loss) for the period | 9904 | €260,521 | €169,682 | -€90,838 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €260,521 | €169,682 | -€90,838 | -34.9% |
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 30 October 2026 via checked.be.