GOLONFA: 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.
GOLONFA
Largest movements
- Cash +€65,184
up €65,184 (+15.0%), from €435,533 to €500,717
mainly Net result for the year (+€145,470) and Other debts (+€53,420)
- Receivables within one year -€32,757
down €32,757 (-29.9%), from €109,376 to €76,619
of which Trade receivables: -€32,757
- Tangible fixed assets -€15,906
down €15,906 (-29.1%), from €54,710 to €38,804
of which Furniture and vehicles: -€15,185
- Other debts +€53,420
up €53,420 (+91.2%), from €58,559 to €111,978
- Tax, wage and social debts -€35,108
down €35,108 (-79.3%), from €44,278 to €9,170
of which Taxes: -€35,160
- Reserves +€33,492
up €33,492 (+4.1%), from €808,428 to €841,920
- Debts after one year -€17,150
down €17,150 (-73.1%), from €23,446 to €6,296
- Gross operating margin +€47,587
up €47,587 (+75.9%), from €62,701 to €110,288
- Taxes +€13,593
up €13,593 (+71.6%), from €18,988 to €32,580
- Financial income -€9,997
down €9,997 (-10.0%), from €99,967 to €89,970
- Depreciation +€7,883
up €7,883 (+98.2%), from €8,023 to €15,906
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,252,739 | €1,267,258 | +€14,519 | +1.2% |
| Fixed assets | 21/28 | €704,553 | €688,647 | -€15,906 | -2.3% |
| Tangible fixed assets | 22/27 | €54,710 | €38,804 | -€15,906 | -29.1% |
| Plant, machinery and equipment | 23 | €2,570 | €1,850 | -€721 | -28.0% |
| Furniture and vehicles | 24 | €52,139 | €36,954 | -€15,185 | -29.1% |
| Financial fixed assets | 28 | €649,843 | €649,843 | = | 0.0% |
| Current assets | 29/58 | €548,186 | €578,610 | +€30,425 | +5.6% |
| Amounts receivable within one year | 40/41 | €109,376 | €76,619 | -€32,757 | -29.9% |
| Trade receivables | 40 | €96,019 | €63,262 | -€32,757 | -34.1% |
| Other amounts receivable | 41 | €13,357 | €13,357 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €435,533 | €500,717 | +€65,184 | +15.0% |
| Deferred charges and accrued income | 490/1 | €3,276 | €1,274 | -€2,002 | -61.1% |
| Total equity and liabilities | 10/49 | €1,252,739 | €1,267,258 | +€14,519 | +1.2% |
| Equity | 10/15 | €1,078,428 | €1,111,920 | +€33,492 | +3.1% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €808,428 | €841,920 | +€33,492 | +4.1% |
| Distributable reserves | 133 | €808,428 | €841,920 | +€33,492 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €174,310 | €155,338 | -€18,973 | -10.9% |
| Amounts payable after more than one year | 17 | €23,446 | €6,296 | -€17,150 | -73.1% |
| Financial debts | 170/4 | €23,446 | €6,296 | -€17,150 | -73.1% |
| Amounts payable within one year | 42/48 | €150,864 | €149,041 | -€1,823 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €24,272 | €17,150 | -€7,122 | -29.3% |
| Financial debts | 43 | €22,581 | €10,143 | -€12,438 | -55.1% |
| Credit institutions | 430/8 | €22,581 | €10,143 | -€12,438 | -55.1% |
| Trade debts | 44 | €1,174 | €600 | -€574 | -48.9% |
| Suppliers | 440/4 | €1,174 | €600 | -€574 | -48.9% |
| Taxes, remuneration and social security | 45 | €44,278 | €9,170 | -€35,108 | -79.3% |
| Taxes | 450/3 | €44,278 | €9,118 | -€35,160 | -79.4% |
| Remuneration and social security | 454/9 | €0 | €52 | +€52 | |
| Other amounts payable | 47/48 | €58,559 | €111,978 | +€53,420 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,023 | €15,906 | +€7,883 | +98.2% |
| Other operating charges | 640/8 | €4,630 | €4,077 | -€553 | -11.9% |
| Non-recurring operating charges | 66A | €30,217 | €0 | -€30,217 | -100% |
| Gross operating margin | 9900 | €62,701 | €110,288 | +€47,587 | +75.9% |
| Operating profit (loss) | 9901 | €19,831 | €90,305 | +€70,473 | +355% |
| Financial income | 75/76B | €99,967 | €89,970 | -€9,997 | -10.0% |
| Recurring financial income | 75 | €99,967 | €89,970 | -€9,997 | -10.0% |
| Financial charges | 65/66B | €2,354 | €2,224 | -€130 | -5.5% |
| Recurring financial charges | 65 | €2,354 | €2,224 | -€130 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €117,443 | €178,050 | +€60,607 | +51.6% |
| Income taxes | 67/77 | €18,988 | €32,580 | +€13,593 | +71.6% |
| Profit (loss) for the period | 9904 | €98,456 | €145,470 | +€47,014 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,456 | €145,470 | +€47,014 | +47.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.