Good Gut: 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.
Good Gut
Largest movements
- Receivables within one year +€109,688
up €109,688 (+661%), from €16,598 to €126,286
of which Trade receivables: +€84,330
- Cash -€24,075
down €24,075 (-28.4%), from €84,788 to €60,713
mainly Receivables within one year (-€109,688) and Debts after one year (-€29,367)
- Intangible fixed assets -€6,855
down €6,855 (-61.0%), from €11,246 to €4,391
- Profit (loss) carried forward +€70,223
up €70,223 (+329%), from €21,325 to €91,547
- Accrued charges and deferred income +€48,000
new in 2025: €48,000
- Debts after one year -€29,367
down €29,367 (-21.9%), from €133,921 to €104,554
- Trade debts -€10,760
down €10,760 (-48.4%), from €22,226 to €11,466
- Current portion of long-term debt +€6,098
up €6,098 (+53.4%), from €11,424 to €17,522
- Staff costs -€294,446
down €294,446 (-54.8%), from €537,496 to €243,050
- Gross operating margin -€246,200
down €246,200 (-40.8%), from €603,538 to €357,338
- Depreciation -€14,143
down €14,143 (-46.5%), from €30,391 to €16,248
- Taxes +€12,494
up €12,494 (+195%), from €6,399 to €18,893
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 | €238,791 | €318,614 | +€79,823 | +33.4% |
| Fixed assets | 21/28 | €130,446 | €122,677 | -€7,769 | -6.0% |
| Intangible fixed assets | 21 | €11,246 | €4,391 | -€6,855 | -61.0% |
| Tangible fixed assets | 22/27 | €115,525 | €114,611 | -€915 | -0.8% |
| Land and buildings | 22 | - | €2,060 | +€2,060 | |
| Plant, machinery and equipment | 23 | €94,657 | €93,942 | -€715 | -0.8% |
| Furniture and vehicles | 24 | €20,868 | €18,609 | -€2,259 | -10.8% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €108,345 | €195,938 | +€87,592 | +80.8% |
| Stocks and contracts in progress | 3 | €6,959 | €8,938 | +€1,979 | +28.4% |
| Stocks | 30/36 | €6,959 | €8,938 | +€1,979 | +28.4% |
| Amounts receivable within one year | 40/41 | €16,598 | €126,286 | +€109,688 | +661% |
| Trade receivables | 40 | €15,360 | €99,690 | +€84,330 | +549% |
| Other amounts receivable | 41 | €1,238 | €26,596 | +€25,358 | +2,048% |
| Cash at bank and in hand | 54/58 | €84,788 | €60,713 | -€24,075 | -28.4% |
| Total equity and liabilities | 10/49 | €238,791 | €318,614 | +€79,823 | +33.4% |
| Equity | 10/15 | €31,325 | €101,547 | +€70,223 | +224% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,325 | €91,547 | +€70,223 | +329% |
| Amounts payable | 17/49 | €207,466 | €217,067 | +€9,600 | +4.6% |
| Amounts payable after more than one year | 17 | €133,921 | €104,554 | -€29,367 | -21.9% |
| Financial debts | 170/4 | €133,921 | €104,554 | -€29,367 | -21.9% |
| Amounts payable within one year | 42/48 | €73,545 | €64,513 | -€9,033 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €11,424 | €17,522 | +€6,098 | +53.4% |
| Trade debts | 44 | €22,226 | €11,466 | -€10,760 | -48.4% |
| Suppliers | 440/4 | €22,226 | €11,466 | -€10,760 | -48.4% |
| Taxes, remuneration and social security | 45 | €39,896 | €34,888 | -€5,007 | -12.6% |
| Taxes | 450/3 | €25,880 | €32,900 | +€7,021 | +27.1% |
| Remuneration and social security | 454/9 | €14,016 | €1,988 | -€12,028 | -85.8% |
| Other amounts payable | 47/48 | - | €637 | +€637 | |
| Accrued charges and deferred income | 492/3 | - | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | €537,496 | €243,050 | -€294,446 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,391 | €16,248 | -€14,143 | -46.5% |
| Other operating charges | 640/8 | €3,315 | €4,430 | +€1,115 | +33.6% |
| Gross operating margin | 9900 | €603,538 | €357,338 | -€246,200 | -40.8% |
| Operating profit (loss) | 9901 | €32,336 | €93,610 | +€61,274 | +189% |
| Financial income | 75/76B | €0 | €124 | +€124 | +1,237,900% |
| Recurring financial income | 75 | €0 | €124 | +€124 | +1,237,900% |
| Financial charges | 65/66B | €4,613 | €4,618 | +€5 | +0.1% |
| Recurring financial charges | 65 | €4,613 | €4,618 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €27,724 | €89,116 | +€61,392 | +221% |
| Income taxes | 67/77 | €6,399 | €18,893 | +€12,494 | +195% |
| Profit (loss) for the period | 9904 | €21,325 | €70,223 | +€48,898 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €21,325 | €70,223 | +€48,898 | +229% |
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 24 October 2026 via checked.be.