GoLo: 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.
GoLo
Largest movements
- Cash +€238,544
up €238,544 (+338%), from €70,605 to €309,149
mainly Current investments (+€142,000) and Net result for the year (+€122,155)
- Current investments -€142,000
down €142,000 (-100%), from €142,000 to €0
- Receivables within one year +€28,636
up €28,636 (+151%), from €19,000 to €47,636
of which Trade receivables: +€26,359
- Reserves +€122,155
up €122,155 (+66.2%), from €184,634 to €306,789
- Other debts +€7,589
up €7,589 (+9.5%), from €79,499 to €87,087
- Tax, wage and social debts -€7,019
down €7,019 (-34.9%), from €20,119 to €13,100
of which Taxes: -€9,319
- Gross operating margin +€42,663
up €42,663 (+30.8%), from €138,703 to €181,366
- Taxes +€16,326
up €16,326 (+51.6%), from €31,666 to €47,992
- Financial income +€2,764
up €2,764 (+137%), from €2,011 to €4,775
- Depreciation +€2,541
up €2,541 (+44.9%), from €5,659 to €8,200
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 | €293,815 | €417,780 | +€123,965 | +42.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €61,156 | €58,772 | -€2,384 | -3.9% |
| Tangible fixed assets | 22/27 | €61,156 | €58,772 | -€2,384 | -3.9% |
| Land and buildings | 22 | €54,891 | €50,863 | -€4,028 | -7.3% |
| Plant, machinery and equipment | 23 | €1,076 | €475 | -€601 | -55.9% |
| Furniture and vehicles | 24 | €5,189 | €7,435 | +€2,246 | +43.3% |
| Current assets | 29/58 | €232,659 | €359,007 | +€126,348 | +54.3% |
| Amounts receivable within one year | 40/41 | €19,000 | €47,636 | +€28,636 | +151% |
| Trade receivables | 40 | €0 | €26,359 | +€26,359 | |
| Other amounts receivable | 41 | €19,000 | €21,277 | +€2,277 | +12.0% |
| Current investments | 50/53 | €142,000 | €0 | -€142,000 | -100% |
| Cash at bank and in hand | 54/58 | €70,605 | €309,149 | +€238,544 | +338% |
| Deferred charges and accrued income | 490/1 | €1,054 | €2,223 | +€1,169 | +111% |
| Total equity and liabilities | 10/49 | €293,815 | €417,780 | +€123,965 | +42.2% |
| Equity | 10/15 | €186,134 | €308,289 | +€122,155 | +65.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €184,634 | €306,789 | +€122,155 | +66.2% |
| Distributable reserves | 133 | €184,634 | €306,789 | +€122,155 | +66.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,681 | €109,491 | +€1,810 | +1.7% |
| Amounts payable within one year | 42/48 | €104,879 | €107,780 | +€2,901 | +2.8% |
| Trade debts | 44 | €5,261 | €7,592 | +€2,331 | +44.3% |
| Suppliers | 440/4 | €5,261 | €7,592 | +€2,331 | +44.3% |
| Taxes, remuneration and social security | 45 | €20,119 | €13,100 | -€7,019 | -34.9% |
| Taxes | 450/3 | €20,119 | €10,800 | -€9,319 | -46.3% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €79,499 | €87,087 | +€7,589 | +9.5% |
| Accrued charges and deferred income | 492/3 | €2,802 | €1,711 | -€1,091 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,659 | €8,200 | +€2,541 | +44.9% |
| Other operating charges | 640/8 | €1,517 | €1,543 | +€26 | +1.7% |
| Gross operating margin | 9900 | €138,703 | €181,366 | +€42,663 | +30.8% |
| Operating profit (loss) | 9901 | €131,526 | €171,623 | +€40,097 | +30.5% |
| Financial income | 75/76B | €2,011 | €4,775 | +€2,764 | +137% |
| Recurring financial income | 75 | €2,011 | €4,775 | +€2,764 | +137% |
| Financial charges | 65/66B | €4,641 | €6,251 | +€1,610 | +34.7% |
| Recurring financial charges | 65 | €4,641 | €6,251 | +€1,610 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €128,896 | €170,147 | +€41,251 | +32.0% |
| Income taxes | 67/77 | €31,666 | €47,992 | +€16,326 | +51.6% |
| Profit (loss) for the period | 9904 | €97,230 | €122,155 | +€24,925 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,230 | €122,155 | +€24,925 | +25.6% |
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 26 October 2026 via checked.be.