GOODLOCK: 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.
GOODLOCK
Largest movements
- Intangible fixed assets -€27,000
down €27,000 (-28.6%), from €94,500 to €67,500
- Cash -€15,182
down €15,182 (-21.9%), from €69,339 to €54,157
mainly Contributions, distributions and other (-€147,886) and Current portion of long-term debt (-€34,818)
- Stocks and contracts +€8,712
up €8,712 (+21.6%), from €40,369 to €49,081
- Receivables within one year -€5,166
down €5,166 (-7.2%), from €71,901 to €66,734
of which Trade receivables: -€5,083
- Tangible fixed assets -€4,936
down €4,936 (-9.2%), from €53,655 to €48,719
of which Furniture and vehicles: -€2,605
- Reserves -€67,886
down €67,886 (-97.3%), from €69,746 to €1,860
of which Distributable reserves: -€67,886
- Other debts +€59,199
up €59,199 (+36.2%), from €163,347 to €222,546
- Current portion of long-term debt -€34,818
down €34,818 (-87.6%), from €39,736 to €4,918
- Profit (loss) carried forward +€17,873
new in 2025: €17,873
- Tax, wage and social debts -€6,193
down €6,193 (-27.6%), from €22,402 to €16,209
of which Taxes: -€3,123
- Staff costs -€24,532
down €24,532 (-77.7%), from €31,557 to €7,025
- Gross operating margin +€14,440
up €14,440 (+8.4%), from €171,349 to €185,789
- Depreciation +€9,509
up €9,509 (+24.6%), from €38,734 to €48,244
- Taxes +€5,089
up €5,089 (+24.3%), from €20,911 to €26,000
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 | €336,972 | €294,304 | -€42,668 | -12.7% |
| Fixed assets | 21/28 | €148,155 | €116,219 | -€31,936 | -21.6% |
| Intangible fixed assets | 21 | €94,500 | €67,500 | -€27,000 | -28.6% |
| Tangible fixed assets | 22/27 | €53,655 | €48,719 | -€4,936 | -9.2% |
| Land and buildings | 22 | €4,889 | €4,248 | -€641 | -13.1% |
| Plant, machinery and equipment | 23 | €3,724 | €2,034 | -€1,690 | -45.4% |
| Furniture and vehicles | 24 | €45,042 | €42,437 | -€2,605 | -5.8% |
| Current assets | 29/58 | €188,817 | €178,085 | -€10,732 | -5.7% |
| Stocks and contracts in progress | 3 | €40,369 | €49,081 | +€8,712 | +21.6% |
| Stocks | 30/36 | €40,369 | €49,081 | +€8,712 | +21.6% |
| Amounts receivable within one year | 40/41 | €71,901 | €66,734 | -€5,166 | -7.2% |
| Trade receivables | 40 | €13,223 | €8,140 | -€5,083 | -38.4% |
| Other amounts receivable | 41 | €58,678 | €58,594 | -€84 | -0.1% |
| Cash at bank and in hand | 54/58 | €69,339 | €54,157 | -€15,182 | -21.9% |
| Deferred charges and accrued income | 490/1 | €7,209 | €8,113 | +€904 | +12.5% |
| Total equity and liabilities | 10/49 | €336,972 | €294,304 | -€42,668 | -12.7% |
| Equity | 10/15 | €88,346 | €38,333 | -€50,013 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,746 | €1,860 | -€67,886 | -97.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,886 | - | -€67,886 | |
| Profit (loss) carried forward | 14 | - | €17,873 | +€17,873 | |
| Amounts payable | 17/49 | €248,627 | €255,972 | +€7,345 | +3.0% |
| Amounts payable after more than one year | 17 | €14,875 | €9,956 | -€4,918 | -33.1% |
| Financial debts | 170/4 | €14,875 | €9,956 | -€4,918 | -33.1% |
| Amounts payable within one year | 42/48 | €233,752 | €246,015 | +€12,263 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €39,736 | €4,918 | -€34,818 | -87.6% |
| Trade debts | 44 | €8,267 | €2,341 | -€5,925 | -71.7% |
| Suppliers | 440/4 | €8,267 | €2,341 | -€5,925 | -71.7% |
| Taxes, remuneration and social security | 45 | €22,402 | €16,209 | -€6,193 | -27.6% |
| Taxes | 450/3 | €17,674 | €14,552 | -€3,123 | -17.7% |
| Remuneration and social security | 454/9 | €4,728 | €1,658 | -€3,070 | -64.9% |
| Other amounts payable | 47/48 | €163,347 | €222,546 | +€59,199 | +36.2% |
| Remuneration, social security and pensions | 62 | €31,557 | €7,025 | -€24,532 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,734 | €48,244 | +€9,509 | +24.6% |
| Other operating charges | 640/8 | €2,651 | €1,569 | -€1,082 | -40.8% |
| Non-recurring operating charges | 66A | €4,700 | - | -€4,700 | |
| Gross operating margin | 9900 | €171,349 | €185,789 | +€14,440 | +8.4% |
| Operating profit (loss) | 9901 | €93,706 | €128,951 | +€35,245 | +37.6% |
| Financial income | 75/76B | €1,396 | €5 | -€1,390 | -99.6% |
| Recurring financial income | 75 | €1,396 | €5 | -€1,390 | -99.6% |
| Financial charges | 65/66B | €3,758 | €5,084 | +€1,326 | +35.3% |
| Recurring financial charges | 65 | €3,758 | €5,084 | +€1,326 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €91,344 | €123,873 | +€32,529 | +35.6% |
| Income taxes | 67/77 | €20,911 | €26,000 | +€5,089 | +24.3% |
| Profit (loss) for the period | 9904 | €70,433 | €97,873 | +€27,439 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,433 | €97,873 | +€27,439 | +39.0% |
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 9 October 2026 via checked.be.