GONITRADING: 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.
GONITRADING
Largest movements
- Receivables within one year +€265,763
up €265,763 (+47.7%), from €557,165 to €822,928
of which Trade receivables: +€301,617
- Stocks and contracts +€210,714
up €210,714 (+40.4%), from €521,063 to €731,777
- Current investments +€94,200
new in 2025: €94,200
- Tangible fixed assets -€81,021
down €81,021 (-16.9%), from €478,898 to €397,877
- Trade debts +€627,095
up €627,095 (+73.8%), from €850,223 to €1.5m
- Debts after one year -€410,119
down €410,119 (-41.0%), from €1.0m to €590,849
- Other debts +€199,799
up €199,799 (+115%), from €173,843 to €373,642
- Current portion of long-term debt +€68,710
up €68,710 (+20.1%), from €341,410 to €410,119
- Accrued charges and deferred income -€47,390
no longer reported in 2025 (was €47,390)
- Financial charges -€35,385
down €35,385 (-40.3%), from €87,719 to €52,333
- Staff costs -€32,885
down €32,885 (-15.3%), from €214,861 to €181,976
- Depreciation +€18,760
up €18,760 (+30.1%), from €62,261 to €81,021
- Gross operating margin -€14,802
down €14,802 (-3.9%), from €382,933 to €368,131
- Taxes +€7,555
up €7,555 (+85.3%), from €8,851 to €16,406
From the 31-12-2024 result to the 31-12-2025 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.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,927,692 | €4,411,925 | +€484,233 | +12.3% |
| Fixed assets | 21/28 | €2,783,356 | €2,702,334 | -€81,021 | -2.9% |
| Tangible fixed assets | 22/27 | €478,898 | €397,877 | -€81,021 | -16.9% |
| Land and buildings | 22 | €276,412 | €239,903 | -€36,509 | -13.2% |
| Plant, machinery and equipment | 23 | €42,850 | €37,069 | -€5,781 | -13.5% |
| Furniture and vehicles | 24 | €19,582 | €11,842 | -€7,740 | -39.5% |
| Leasing and similar rights | 25 | €140,054 | €109,063 | -€30,992 | -22.1% |
| Financial fixed assets | 28 | €2,304,457 | €2,304,457 | = | 0.0% |
| Current assets | 29/58 | €1,144,336 | €1,709,590 | +€565,254 | +49.4% |
| Amounts receivable after more than one year | 29 | €2,405 | €7,215 | +€4,810 | +200% |
| Other amounts receivable | 291 | €2,405 | €7,215 | +€4,810 | +200% |
| Stocks and contracts in progress | 3 | €521,063 | €731,777 | +€210,714 | +40.4% |
| Stocks | 30/36 | €521,063 | €731,777 | +€210,714 | +40.4% |
| Amounts receivable within one year | 40/41 | €557,165 | €822,928 | +€265,763 | +47.7% |
| Trade receivables | 40 | €516,452 | €818,070 | +€301,617 | +58.4% |
| Other amounts receivable | 41 | €40,713 | €4,858 | -€35,855 | -88.1% |
| Current investments | 50/53 | - | €94,200 | +€94,200 | |
| Cash at bank and in hand | 54/58 | €59,187 | €48,286 | -€10,902 | -18.4% |
| Deferred charges and accrued income | 490/1 | €4,516 | €5,185 | +€669 | +14.8% |
| Total equity and liabilities | 10/49 | €3,927,692 | €4,411,925 | +€484,233 | +12.3% |
| Equity | 10/15 | €1,009,288 | €1,034,485 | +€25,197 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €990,688 | €1,015,885 | +€25,197 | +2.5% |
| Distributable reserves | 133 | €990,688 | €1,015,885 | +€25,197 | +2.5% |
| Amounts payable | 17/49 | €2,918,404 | €3,377,440 | +€459,036 | +15.7% |
| Amounts payable after more than one year | 17 | €1,000,968 | €590,849 | -€410,119 | -41.0% |
| Financial debts | 170/4 | €1,000,968 | €590,849 | -€410,119 | -41.0% |
| Amounts payable within one year | 42/48 | €1,870,046 | €2,786,591 | +€916,545 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €341,410 | €410,119 | +€68,710 | +20.1% |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €850,223 | €1,477,319 | +€627,095 | +73.8% |
| Suppliers | 440/4 | €850,223 | €1,477,319 | +€627,095 | +73.8% |
| Taxes, remuneration and social security | 45 | €54,570 | €75,512 | +€20,942 | +38.4% |
| Taxes | 450/3 | €17,128 | €40,755 | +€23,627 | +138% |
| Remuneration and social security | 454/9 | €37,442 | €34,756 | -€2,685 | -7.2% |
| Other amounts payable | 47/48 | €173,843 | €373,642 | +€199,799 | +115% |
| Accrued charges and deferred income | 492/3 | €47,390 | - | -€47,390 | |
| Remuneration, social security and pensions | 62 | €214,861 | €181,976 | -€32,885 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,261 | €81,021 | +€18,760 | +30.1% |
| Other operating charges | 640/8 | €4,656 | €11,254 | +€6,599 | +142% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €382,933 | €368,131 | -€14,802 | -3.9% |
| Operating profit (loss) | 9901 | €99,155 | €93,879 | -€5,276 | -5.3% |
| Financial income | 75/76B | €199 | €57 | -€143 | -71.6% |
| Recurring financial income | 75 | €199 | €57 | -€143 | -71.6% |
| Financial charges | 65/66B | €87,719 | €52,333 | -€35,385 | -40.3% |
| Recurring financial charges | 65 | €87,719 | €52,333 | -€35,385 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €11,636 | €41,603 | +€29,967 | +258% |
| Income taxes | 67/77 | €8,851 | €16,406 | +€7,555 | +85.3% |
| Profit (loss) for the period | 9904 | €2,784 | €25,197 | +€22,413 | +805% |
| Profit (loss) for the period to be appropriated | 9905 | €2,784 | €25,197 | +€22,413 | +805% |
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 17 October 2026 via checked.be.