GONI: 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.
GONI
Largest movements
- Tangible fixed assets +€1.9m
up €1.9m (+60.9%), from €3.1m to €5.0m
of which Land and buildings: +€2.0m
- Receivables within one year -€899,752
down €899,752 (-56.1%), from €1.6m to €703,415
of which Trade receivables: -€1.0m
- Cash -€91,978
down €91,978 (-44.7%), from €205,991 to €114,014
mainly Investment in fixed assets (net) (-€2.4m) and Trade debts (-€987,289)
- Revaluation surpluses +€2.1m
new in 2025: €2.1m
- Trade debts -€987,289
down €987,289 (-59.2%), from €1.7m to €679,314
- Debts after one year -€379,048
down €379,048 (-21.1%), from €1.8m to €1.4m
- Reserves +€131,843
up €131,843 (+27.6%), from €477,934 to €609,777
- Tax, wage and social debts +€80,109
up €80,109 (+157.3%), from €50,929 to €131,038
of which Taxes: +€51,295
- Write-downs -€424,408
no longer reported in 2025 (was €424,408)
- Gross operating margin -€313,638
down €313,638 (-19.7%), from €1.6m to €1.3m
- Depreciation +€93,024
up €93,024 (+24.9%), from €373,672 to €466,697
- Taxes +€45,676
up €45,676 (+1184.6%), from €3,856 to €49,532
- Financial charges -€39,007
down €39,007 (-28.6%), from €136,580 to €97,573
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 | €5,754,346 | €6,695,873 | +€941,527 | +16.4% |
| Fixed assets | 21/28 | €3,109,446 | €5,006,317 | +€1.9m | +61.0% |
| Tangible fixed assets | 22/27 | €3,108,921 | €5,001,792 | +€1.9m | +60.9% |
| Land and buildings | 22 | €2,128,235 | €4,112,979 | +€2.0m | +93.3% |
| Plant, machinery and equipment | 23 | €659,730 | €652,411 | -€7,319 | -1.1% |
| Furniture and vehicles | 24 | €14,298 | €7,348 | -€6,951 | -48.6% |
| Leasing and similar rights | 25 | €306,659 | €229,054 | -€77,604 | -25.3% |
| Financial fixed assets | 28 | €525 | €4,525 | +€4,000 | +761.9% |
| Current assets | 29/58 | €2,644,900 | €1,689,556 | -€955,344 | -36.1% |
| Stocks and contracts in progress | 3 | €762,721 | €783,121 | +€20,400 | +2.7% |
| Stocks | 30/36 | €762,721 | €783,121 | +€20,400 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,603,167 | €703,415 | -€899,752 | -56.1% |
| Trade receivables | 40 | €1,466,101 | €450,359 | -€1.0m | -69.3% |
| Other amounts receivable | 41 | €137,066 | €253,056 | +€115,990 | +84.6% |
| Current investments | 50/53 | - | €51,000 | +€51,000 | |
| Cash at bank and in hand | 54/58 | €205,991 | €114,014 | -€91,978 | -44.7% |
| Deferred charges and accrued income | 490/1 | €73,020 | €38,007 | -€35,014 | -48.0% |
| Total equity and liabilities | 10/49 | €5,754,346 | €6,695,873 | +€941,527 | +16.4% |
| Equity | 10/15 | €1,043,034 | €3,220,853 | +€2.2m | +208.8% |
| Contributions | 10/11 | €400,100 | €400,100 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,060,976 | +€2.1m | |
| Reserves | 13 | €477,934 | €609,777 | +€131,843 | +27.6% |
| Distributable reserves | 133 | €477,934 | €609,777 | +€131,843 | +27.6% |
| Investment grants | 15 | €165,000 | €150,000 | -€15,000 | -9.1% |
| Amounts payable | 17/49 | €4,711,312 | €3,475,020 | -€1.2m | -26.2% |
| Amounts payable after more than one year | 17 | €1,797,347 | €1,418,299 | -€379,048 | -21.1% |
| Financial debts | 170/4 | €1,797,347 | €1,418,299 | -€379,048 | -21.1% |
| Amounts payable within one year | 42/48 | €2,903,286 | €2,056,721 | -€846,565 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €385,754 | €429,306 | +€43,552 | +11.3% |
| Financial debts | 43 | €800,000 | €800,000 | = | 0.0% |
| Credit institutions | 430/8 | €800,000 | €800,000 | = | 0.0% |
| Trade debts | 44 | €1,666,603 | €679,314 | -€987,289 | -59.2% |
| Suppliers | 440/4 | €1,666,603 | €679,314 | -€987,289 | -59.2% |
| Taxes, remuneration and social security | 45 | €50,929 | €131,038 | +€80,109 | +157.3% |
| Taxes | 450/3 | €5,279 | €56,574 | +€51,295 | +971.6% |
| Remuneration and social security | 454/9 | €45,649 | €74,463 | +€28,814 | +63.1% |
| Other amounts payable | 47/48 | - | €17,064 | +€17,064 | |
| Accrued charges and deferred income | 492/3 | €10,679 | - | -€10,679 | |
| Non-recurring operating income | 76A | €71,000 | €26,588 | -€44,412 | -62.6% |
| Remuneration, social security and pensions | 62 | €607,468 | €595,343 | -€12,125 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,672 | €466,697 | +€93,024 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €424,408 | - | -€424,408 | |
| Other operating charges | 640/8 | €25,638 | €19,612 | -€6,026 | -23.5% |
| Non-recurring operating charges | 66A | €12,617 | €935 | -€11,682 | -92.6% |
| Gross operating margin | 9900 | €1,588,696 | €1,275,058 | -€313,638 | -19.7% |
| Operating profit (loss) | 9901 | €144,892 | €192,470 | +€47,578 | +32.8% |
| Financial income | 75/76B | €27,384 | €15,409 | -€11,976 | -43.7% |
| Recurring financial income | 75 | €27,384 | €15,409 | -€11,976 | -43.7% |
| Financial charges | 65/66B | €136,580 | €97,573 | -€39,007 | -28.6% |
| Recurring financial charges | 65 | €136,580 | €97,573 | -€39,007 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €35,697 | €110,306 | +€74,609 | +209.0% |
| Income taxes | 67/77 | €3,856 | €49,532 | +€45,676 | +1184.6% |
| Profit (loss) for the period | 9904 | €31,841 | €60,775 | +€28,933 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,841 | €60,775 | +€28,933 | +90.9% |
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 11 October 2026 via checked.be.