GOM: what changed
Two fiscal 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.
GOM
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Receivables within one year -€122,880
down €122,880 (-49.3%), from €249,478 to €126,598
of which Other amounts receivable: -€79,376
- Cash +€119,951
up €119,951 (+74.5%), from €160,944 to €280,895
mainly Net result for the year (+€291,654) and Depreciation (+€255,792)
- Tangible fixed assets +€119,059
up €119,059 (+4.1%), from €2.9m to €3.0m
of which Land and buildings: +€137,134
- Other debts -€198,135
down €198,135 (-20.9%), from €949,048 to €750,913
- Trade debts +€198,008
up €198,008 (+28422.1%), from €697 to €198,705
- Reserves +€91,654
up €91,654 (+6.2%), from €1.5m to €1.6m
of which Distributable reserves: +€91,654
- Debts after one year -€87,042
down €87,042 (-10.7%), from €812,413 to €725,370
of which Financial debts: -€87,042
- Current portion of long-term debt -€39,624
down €39,624 (-29.8%), from €133,055 to €93,431
- Gross operating margin -€82,594
down €82,594 (-10.4%), from €794,056 to €711,463
- Taxes -€36,303
down €36,303 (-28.4%), from €128,001 to €91,699
- Depreciation +€34,216
up €34,216 (+15.4%), from €221,576 to €255,792
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.
Cash bridge derived
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 | €3,475,701 | €3,439,323 | -€36,378 | -1.0% |
| Fixed assets | 21/28 | €2,900,208 | €3,019,019 | +€118,811 | +4.1% |
| Tangible fixed assets | 22/27 | €2,899,464 | €3,018,523 | +€119,059 | +4.1% |
| Land and buildings | 22 | €2,841,981 | €2,979,115 | +€137,134 | +4.8% |
| Plant, machinery and equipment | 23 | €397 | €0 | -€397 | -100.0% |
| Furniture and vehicles | 24 | €57,086 | €39,408 | -€17,678 | -31.0% |
| Financial fixed assets | 28 | €744 | €496 | -€248 | -33.3% |
| Current assets | 29/58 | €575,493 | €420,304 | -€155,189 | -27.0% |
| Amounts receivable within one year | 40/41 | €249,478 | €126,598 | -€122,880 | -49.3% |
| Trade receivables | 40 | €149,490 | €105,986 | -€43,504 | -29.1% |
| Other amounts receivable | 41 | €99,988 | €20,612 | -€79,376 | -79.4% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €160,944 | €280,895 | +€119,951 | +74.5% |
| Deferred charges and accrued income | 490/1 | €15,070 | €12,811 | -€2,259 | -15.0% |
| Total equity and liabilities | 10/49 | €3,475,701 | €3,439,323 | -€36,378 | -1.0% |
| Equity | 10/15 | €1,540,463 | €1,632,117 | +€91,654 | +5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,861 | €2,861 | = | 0.0% |
| Reserves | 13 | €1,475,602 | €1,567,256 | +€91,654 | +6.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €395,740 | €395,740 | = | 0.0% |
| Distributable reserves | 133 | €1,073,663 | €1,165,316 | +€91,654 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,935,238 | €1,807,206 | -€128,032 | -6.6% |
| Amounts payable after more than one year | 17 | €812,413 | €725,370 | -€87,042 | -10.7% |
| Financial debts | 170/4 | €297,043 | €210,001 | -€87,042 | -29.3% |
| Other amounts payable | 178/9 | €515,369 | €515,369 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,082,801 | €1,043,049 | -€39,752 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €133,055 | €93,431 | -€39,624 | -29.8% |
| Trade debts | 44 | €697 | €198,705 | +€198,008 | +28422.1% |
| Suppliers | 440/4 | €697 | €198,705 | +€198,008 | +28422.1% |
| Taxes, remuneration and social security | 45 | €1 | €0 | -€1 | -100.0% |
| Taxes | 450/3 | €1 | €0 | -€1 | -100.0% |
| Other amounts payable | 47/48 | €949,048 | €750,913 | -€198,135 | -20.9% |
| Accrued charges and deferred income | 492/3 | €40,024 | €38,787 | -€1,237 | -3.1% |
| Non-recurring operating income | 76A | €15,247 | €26,000 | +€10,753 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,576 | €255,792 | +€34,216 | +15.4% |
| Other operating charges | 640/8 | €22,170 | €24,274 | +€2,104 | +9.5% |
| Non-recurring operating charges | 66A | - | €12,454 | +€12,454 | |
| Gross operating margin | 9900 | €794,056 | €711,463 | -€82,594 | -10.4% |
| Operating profit (loss) | 9901 | €550,310 | €418,943 | -€131,367 | -23.9% |
| Financial income | 75/76B | €7,533 | €6,987 | -€546 | -7.2% |
| Recurring financial income | 75 | €7,533 | €6,987 | -€546 | -7.2% |
| Financial charges | 65/66B | €45,340 | €42,577 | -€2,762 | -6.1% |
| Recurring financial charges | 65 | €45,340 | €42,577 | -€2,762 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €512,503 | €383,352 | -€129,151 | -25.2% |
| Income taxes | 67/77 | €128,001 | €91,699 | -€36,303 | -28.4% |
| Profit (loss) for the period | 9904 | €384,502 | €291,654 | -€92,848 | -24.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €384,502 | €291,654 | -€92,848 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.