GOLONDRINAS: 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.
What changed
GOLONDRINAS
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,608
2024 · €20,425+€28,182
Equity
-€16,878
2024 · -€65,486+€48,608
Cash
€3,679
2024 · €3,227+€451
Balance sheet total
€892,656
2024 · €945,443-€52,787
Largest movements
Assets
- Tangible fixed assets -€26,185
down €26,185 (-4.9%), from €529,584 to €503,399
of which Land and buildings: -€24,806
- Receivables within one year -€25,675
down €25,675 (-96.2%), from €26,676 to €1,002
Equity and liabilities
- Other debts -€70,773
down €70,773 (-9.6%), from €733,922 to €663,149
- Profit (loss) carried forward +€48,608
up €48,608 (+67.8%), from -€71,686 to -€23,078
- Debts after one year -€22,898
down €22,898 (-9.7%), from €236,111 to €213,214
Income statement
- Gross operating margin +€16,842
up €16,842 (+20.0%), from €84,098 to €100,940
- Staff costs -€11,758
down €11,758 (-92.9%), from €12,652 to €893
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.
Result 2024
€20,425
Gross operating margin
+€16,842
Staff costs
+€11,758
Depreciation
-€856
Other operating charges
-€102
Financial income
+€57
Financial charges
+€512
Taxes
-€29
Result 2025
€48,608
raises the resultlowers the result
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.
From operations
+€43,268
Investment
-€16,813
Financing
-€26,003
Cash 2024
€3,227
From operations (derived)
+€43,268
Net result for the year
+€48,608
Depreciation
+€44,459
Receivables within one year
+€25,675
Deferred charges and accrued income
-€82
Trade debts
-€3,048
Tax, wage and social debts
-€1,217
Advances received
-€352
Other debts
-€70,773
Investment (derived)
-€16,813
Investment in fixed assets (net)
-€16,813
Financing
-€26,003
Debts after one year
-€22,898
Current portion of long-term debt
-€3,106
Cash 2025
€3,679
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,443 | €892,656 | -€52,787 | -5.6% |
| Fixed assets | 21/28 | €911,196 | €883,550 | -€27,646 | -3.0% |
| Intangible fixed assets | 21 | €2,576 | €1,115 | -€1,461 | -56.7% |
| Tangible fixed assets | 22/27 | €529,584 | €503,399 | -€26,185 | -4.9% |
| Land and buildings | 22 | €521,823 | €497,017 | -€24,806 | -4.8% |
| Plant, machinery and equipment | 23 | €3,202 | €3,159 | -€43 | -1.3% |
| Furniture and vehicles | 24 | €4,559 | €3,223 | -€1,336 | -29.3% |
| Financial fixed assets | 28 | €379,036 | €379,036 | = | 0.0% |
| Current assets | 29/58 | €34,247 | €9,107 | -€25,141 | -73.4% |
| Amounts receivable within one year | 40/41 | €26,676 | €1,002 | -€25,675 | -96.2% |
| Trade receivables | 40 | €26,676 | €1,002 | -€25,675 | -96.2% |
| Cash at bank and in hand | 54/58 | €3,227 | €3,679 | +€451 | +14.0% |
| Deferred charges and accrued income | 490/1 | €4,344 | €4,427 | +€82 | +1.9% |
| Total equity and liabilities | 10/49 | €945,443 | €892,656 | -€52,787 | -5.6% |
| Equity | 10/15 | -€65,486 | -€16,878 | +€48,608 | +74.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,686 | -€23,078 | +€48,608 | +67.8% |
| Amounts payable | 17/49 | €1,010,929 | €909,534 | -€101,395 | -10.0% |
| Amounts payable after more than one year | 17 | €236,111 | €213,214 | -€22,898 | -9.7% |
| Financial debts | 170/4 | €236,111 | €213,214 | -€22,898 | -9.7% |
| Amounts payable within one year | 42/48 | €774,818 | €696,321 | -€78,497 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €26,003 | €22,898 | -€3,106 | -11.9% |
| Trade debts | 44 | €6,214 | €3,165 | -€3,048 | -49.1% |
| Suppliers | 440/4 | €6,214 | €3,165 | -€3,048 | -49.1% |
| Advances received on contracts in progress | 46 | €5,165 | €4,813 | -€352 | -6.8% |
| Taxes, remuneration and social security | 45 | €3,513 | €2,296 | -€1,217 | -34.7% |
| Taxes | 450/3 | €2,263 | €2,296 | +€33 | +1.4% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | €733,922 | €663,149 | -€70,773 | -9.6% |
| Remuneration, social security and pensions | 62 | €12,652 | €893 | -€11,758 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,604 | €44,459 | +€856 | +2.0% |
| Other operating charges | 640/8 | €3,118 | €3,220 | +€102 | +3.3% |
| Gross operating margin | 9900 | €84,098 | €100,940 | +€16,842 | +20.0% |
| Operating profit (loss) | 9901 | €24,724 | €52,367 | +€27,643 | +112% |
| Financial income | 75/76B | €166 | €223 | +€57 | +34.1% |
| Recurring financial income | 75 | €166 | €223 | +€57 | +34.1% |
| Financial charges | 65/66B | €4,266 | €3,755 | -€512 | -12.0% |
| Recurring financial charges | 65 | €4,266 | €3,755 | -€512 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €20,624 | €48,836 | +€28,211 | +137% |
| Income taxes | 67/77 | €199 | €228 | +€29 | +14.5% |
| Profit (loss) for the period | 9904 | €20,425 | €48,608 | +€28,182 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €20,425 | €48,608 | +€28,182 | +138% |
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.