Goltsang: what changed
Goltsang
Largest movements
- Cash -€9,149
down €9,149 (-31.8%), from €28,797 to €19,647
mainly Net result for the year (-€53,179) and Investment in fixed assets (net) (-€4,335)
- Tangible fixed assets +€2,717
up €2,717 (+50.6%), from €5,373 to €8,090
of which Other tangible fixed assets: +€2,897
- Stocks and contracts -€1,072
down €1,072 (-4.9%), from €21,779 to €20,707
- Profit (loss) carried forward -€53,179
down €53,179 (-178%), from -€29,798 to -€82,977
- Other debts +€48,318
up €48,318 (+72.3%), from €66,843 to €115,161
- Tax, wage and social debts -€3,002
down €3,002 (-91.2%), from €3,291 to €289
- Gross operating margin -€32,300
down €32,300 (-194%), from -€16,623 to -€48,923
- Other operating charges -€1,066
down €1,066 (-28.8%), from €3,703 to €2,637
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,148 | €55,644 | -€7,504 | -11.9% |
| Fixed assets | 21/28 | €12,573 | €15,290 | +€2,717 | +21.6% |
| Tangible fixed assets | 22/27 | €5,373 | €8,090 | +€2,717 | +50.6% |
| Plant, machinery and equipment | 23 | €5,150 | €4,970 | -€180 | -3.5% |
| Other tangible fixed assets | 26 | €223 | €3,120 | +€2,897 | +1,298% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €50,575 | €40,354 | -€10,221 | -20.2% |
| Stocks and contracts in progress | 3 | €21,779 | €20,707 | -€1,072 | -4.9% |
| Stocks | 30/36 | €21,779 | €20,707 | -€1,072 | -4.9% |
| Cash at bank and in hand | 54/58 | €28,797 | €19,647 | -€9,149 | -31.8% |
| Total equity and liabilities | 10/49 | €63,148 | €55,644 | -€7,504 | -11.9% |
| Equity | 10/15 | -€10,251 | -€63,430 | -€53,179 | -519% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €948 | €948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €948 | €948 | = | 0.0% |
| Reserves not available under the articles | 1311 | €948 | €948 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,798 | -€82,977 | -€53,179 | -178% |
| Amounts payable | 17/49 | €73,399 | €119,074 | +€45,675 | +62.2% |
| Amounts payable within one year | 42/48 | €71,439 | €117,114 | +€45,675 | +63.9% |
| Trade debts | 44 | €1,305 | €1,664 | +€359 | +27.5% |
| Suppliers | 440/4 | €1,305 | €1,664 | +€359 | +27.5% |
| Taxes, remuneration and social security | 45 | €3,291 | €289 | -€3,002 | -91.2% |
| Taxes | 450/3 | €3,291 | €289 | -€3,002 | -91.2% |
| Other amounts payable | 47/48 | €66,843 | €115,161 | +€48,318 | +72.3% |
| Accrued charges and deferred income | 492/3 | €1,960 | €1,960 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | €1,618 | +€254 | +18.6% |
| Other operating charges | 640/8 | €3,703 | €2,637 | -€1,066 | -28.8% |
| Gross operating margin | 9900 | -€16,623 | -€48,923 | -€32,300 | -194% |
| Operating profit (loss) | 9901 | -€21,691 | -€53,179 | -€31,488 | -145% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6,800% |
| Financial charges | 65/66B | €0 | €1 | +€1 | +417% |
| Recurring financial charges | 65 | €0 | €1 | +€1 | +417% |
| Profit (loss) for the period before taxes | 9903 | -€21,691 | -€53,179 | -€31,488 | -145% |
| Profit (loss) for the period | 9904 | -€21,691 | -€53,179 | -€31,488 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,691 | -€53,179 | -€31,488 | -145% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.