GONZ-SAD: 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.
GONZ-SAD
Largest movements
- Cash +€19,571
up €19,571 (+24.1%), from €81,047 to €100,618
mainly Net result for the year (+€17,616) and Receivables within one year (+€5,256)
- Receivables within one year -€5,256
down €5,256 (-98.2%), from €5,352 to €96
of which Other amounts receivable: -€5,110
- Tangible fixed assets -€2,633
down €2,633 (-35.1%), from €7,492 to €4,859
of which Furniture and vehicles: -€1,372
- Reserves +€9,500
up €9,500 (+25.4%), from €37,360 to €46,860
- Tax, wage and social debts +€2,223
up €2,223 (+32.8%), from €6,781 to €9,004
- Gross operating margin +€6,911
up €6,911 (+31.0%), from €22,267 to €29,178
- Taxes +€2,178
up €2,178 (+33.6%), from €6,490 to €8,668
- Depreciation +€1,338
up €1,338 (+103%), from €1,295 to €2,633
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.
Derived cash bridge
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 | €93,936 | €105,618 | +€11,682 | +12.4% |
| Fixed assets | 21/28 | €7,537 | €4,904 | -€2,633 | -34.9% |
| Tangible fixed assets | 22/27 | €7,492 | €4,859 | -€2,633 | -35.1% |
| Plant, machinery and equipment | 23 | €3,408 | €2,147 | -€1,261 | -37.0% |
| Furniture and vehicles | 24 | €4,084 | €2,712 | -€1,372 | -33.6% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €86,399 | €100,714 | +€14,315 | +16.6% |
| Amounts receivable within one year | 40/41 | €5,352 | €96 | -€5,256 | -98.2% |
| Trade receivables | 40 | €146 | - | -€146 | |
| Other amounts receivable | 41 | €5,206 | €96 | -€5,110 | -98.2% |
| Cash at bank and in hand | 54/58 | €81,047 | €100,618 | +€19,571 | +24.1% |
| Total equity and liabilities | 10/49 | €93,936 | €105,618 | +€11,682 | +12.4% |
| Equity | 10/15 | €85,878 | €95,494 | +€9,616 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,360 | €46,860 | +€9,500 | +25.4% |
| Distributable reserves | 133 | €37,360 | €46,860 | +€9,500 | +25.4% |
| Profit (loss) carried forward | 14 | €42,318 | €42,434 | +€116 | +0.3% |
| Amounts payable | 17/49 | €8,058 | €10,124 | +€2,066 | +25.6% |
| Amounts payable within one year | 42/48 | €8,058 | €10,124 | +€2,066 | +25.6% |
| Trade debts | 44 | €1,277 | €1,120 | -€157 | -12.3% |
| Suppliers | 440/4 | €1,277 | €1,120 | -€157 | -12.3% |
| Taxes, remuneration and social security | 45 | €6,781 | €9,004 | +€2,223 | +32.8% |
| Taxes | 450/3 | €6,781 | €9,004 | +€2,223 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,295 | €2,633 | +€1,338 | +103% |
| Other operating charges | 640/8 | €332 | €171 | -€161 | -48.5% |
| Gross operating margin | 9900 | €22,267 | €29,178 | +€6,911 | +31.0% |
| Operating profit (loss) | 9901 | €20,640 | €26,374 | +€5,734 | +27.8% |
| Financial charges | 65/66B | €122 | €90 | -€32 | -26.2% |
| Recurring financial charges | 65 | €122 | €90 | -€32 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €20,518 | €26,284 | +€5,766 | +28.1% |
| Income taxes | 67/77 | €6,490 | €8,668 | +€2,178 | +33.6% |
| Profit (loss) for the period | 9904 | €14,028 | €17,616 | +€3,588 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,028 | €17,616 | +€3,588 | +25.6% |
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 21 October 2026 via checked.be.