GOMAFIN: 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.
GOMAFIN
Largest movements
- Tangible fixed assets -€684,637
down €684,637 (-12.1%), from €5.7m to €5.0m
of which Plant, machinery and equipment: -€608,942
- Reserves -€428,618
down €428,618 (-12.8%), from €3.3m to €2.9m
of which Tax-exempt reserves: -€428,618
- Provisions -€220,705
down €220,705 (-13.0%), from €1.7m to €1.5m
- Trade debts -€105,166
down €105,166 (-20.7%), from €506,919 to €401,753
- Financial charges -€1.2m
down €1.2m (-99.1%), from €1.3m to €11,645
of which Non-recurring financial charges: -€1.2m
- Gross operating margin -€27,417
down €27,417 (-16.0%), from €171,767 to €144,350
- Other operating charges -€19,630
down €19,630 (-17.2%), from €113,880 to €94,250
- Financial income +€2,708
up €2,708 (+3.2%), from €83,457 to €86,165
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.
Cash bridge derived
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 | €10,297,781 | €9,537,339 | -€760,442 | -7.4% |
| Fixed assets | 21/28 | €7,754,336 | €7,035,634 | -€718,702 | -9.3% |
| Intangible fixed assets | 21 | €153,705 | €119,640 | -€34,065 | -22.2% |
| Tangible fixed assets | 22/27 | €5,672,624 | €4,987,987 | -€684,637 | -12.1% |
| Land and buildings | 22 | €1,649,862 | €1,574,293 | -€75,569 | -4.6% |
| Plant, machinery and equipment | 23 | €4,022,509 | €3,413,567 | -€608,942 | -15.1% |
| Furniture and vehicles | 24 | €253 | €127 | -€126 | -49.8% |
| Financial fixed assets | 28 | €1,928,007 | €1,928,007 | = | 0.0% |
| Current assets | 29/58 | €2,543,445 | €2,501,705 | -€41,740 | -1.6% |
| Amounts receivable within one year | 40/41 | €2,522,895 | €2,497,753 | -€25,142 | -1.0% |
| Trade receivables | 40 | €648,145 | €583,058 | -€65,087 | -10.0% |
| Other amounts receivable | 41 | €1,874,750 | €1,914,695 | +€39,945 | +2.1% |
| Cash at bank and in hand | 54/58 | €20,550 | €3,952 | -€16,598 | -80.8% |
| Total equity and liabilities | 10/49 | €10,297,781 | €9,537,339 | -€760,442 | -7.4% |
| Equity | 10/15 | €890,209 | €516,832 | -€373,377 | -41.9% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Reserves | 13 | €3,347,291 | €2,918,673 | -€428,618 | -12.8% |
| Non-distributable reserves | 130/1 | €42,167 | €42,167 | = | 0.0% |
| Legal reserve | 130 | €42,167 | €42,167 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,305,124 | €2,876,506 | -€428,618 | -13.0% |
| Profit (loss) carried forward | 14 | -€12,457,082 | -€12,401,841 | +€55,241 | +0.4% |
| Provisions and deferred taxes | 16 | €1,701,881 | €1,481,176 | -€220,705 | -13.0% |
| Deferred taxes | 168 | €1,701,881 | €1,481,176 | -€220,705 | -13.0% |
| Amounts payable | 17/49 | €7,705,691 | €7,539,331 | -€166,360 | -2.2% |
| Amounts payable after more than one year | 17 | €3,293,530 | €3,245,076 | -€48,454 | -1.5% |
| Financial debts | 170/4 | €193,530 | €145,076 | -€48,454 | -25.0% |
| Other amounts payable | 178/9 | €3,100,000 | €3,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,412,161 | €4,294,255 | -€117,906 | -2.7% |
| Trade debts | 44 | €506,919 | €401,753 | -€105,166 | -20.7% |
| Suppliers | 440/4 | €506,919 | €401,753 | -€105,166 | -20.7% |
| Taxes, remuneration and social security | 45 | €77,026 | €19,046 | -€57,980 | -75.3% |
| Taxes | 450/3 | €77,026 | €19,046 | -€57,980 | -75.3% |
| Other amounts payable | 47/48 | €3,828,216 | €3,873,456 | +€45,240 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718,702 | €718,702 | = | 0.0% |
| Other operating charges | 640/8 | €113,880 | €94,250 | -€19,630 | -17.2% |
| Gross operating margin | 9900 | €171,767 | €144,350 | -€27,417 | -16.0% |
| Operating profit (loss) | 9901 | -€660,815 | -€668,602 | -€7,787 | -1.2% |
| Financial income | 75/76B | €83,457 | €86,165 | +€2,708 | +3.2% |
| Recurring financial income | 75 | €83,457 | €86,165 | +€2,708 | +3.2% |
| Financial charges | 65/66B | €1,256,801 | €11,645 | -€1.2m | -99.1% |
| Recurring financial charges | 65 | €18,077 | €11,645 | -€6,432 | -35.6% |
| Non-recurring financial charges | 66B | €1,238,724 | - | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€1,834,159 | -€594,082 | +€1.2m | +67.6% |
| Transfer from deferred taxes | 780 | €220,705 | €220,705 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,613,454 | -€373,377 | +€1.2m | +76.9% |
| Transfer from tax-exempt reserves | 789 | €428,619 | €428,618 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,184,835 | €55,241 | +€1.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2023 and 31 October 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.