GOODWILL KARTING: 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.
GOODWILL KARTING
Largest movements
- Cash -€95,894
down €95,894 (-66.8%), from €143,506 to €47,612
mainly Investment in fixed assets (net) (-€251,256) and Accrued charges and deferred income (-€142,089)
- Tangible fixed assets +€60,946
up €60,946 (+8.6%), from €712,340 to €773,286
of which Plant, machinery and equipment: +€35,334
- Deferred charges and accrued income -€53,697
down €53,697 (-95.2%), from €56,400 to €2,703
- Receivables within one year +€9,698
up €9,698 (+29.9%), from €32,470 to €42,168
of which Trade receivables: +€32,495
- Accrued charges and deferred income -€142,089
no longer reported in 2025 (was €142,089)
- Other debts +€47,040
up €47,040 (+128%), from €36,658 to €83,698
- Reserves +€43,863
up €43,863 (+7.7%), from €567,277 to €611,140
of which Distributable reserves: +€43,863
- Trade debts -€18,777
down €18,777 (-14.9%), from €125,826 to €107,049
- Tax, wage and social debts -€11,531
down €11,531 (-62.4%), from €18,479 to €6,948
of which Remuneration and social security: -€6,310
- Depreciation +€27,252
up €27,252 (+16.7%), from €163,058 to €190,311
- Gross operating margin -€9,899
down €9,899 (-3.5%), from €285,118 to €275,219
- Taxes -€5,562
down €5,562 (-18.6%), from €29,937 to €24,375
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 | €952,303 | €870,808 | -€81,494 | -8.6% |
| Fixed assets | 21/28 | €712,340 | €773,286 | +€60,946 | +8.6% |
| Tangible fixed assets | 22/27 | €712,340 | €773,286 | +€60,946 | +8.6% |
| Land and buildings | 22 | €316,236 | €313,643 | -€2,593 | -0.8% |
| Plant, machinery and equipment | 23 | €298,539 | €333,873 | +€35,334 | +11.8% |
| Furniture and vehicles | 24 | €97,565 | €125,770 | +€28,205 | +28.9% |
| Current assets | 29/58 | €239,963 | €97,523 | -€142,440 | -59.4% |
| Stocks and contracts in progress | 3 | €7,586 | €5,039 | -€2,547 | -33.6% |
| Stocks | 30/36 | €7,586 | €5,039 | -€2,547 | -33.6% |
| Amounts receivable within one year | 40/41 | €32,470 | €42,168 | +€9,698 | +29.9% |
| Trade receivables | 40 | €9,048 | €41,543 | +€32,495 | +359% |
| Other amounts receivable | 41 | €23,422 | €625 | -€22,796 | -97.3% |
| Cash at bank and in hand | 54/58 | €143,506 | €47,612 | -€95,894 | -66.8% |
| Deferred charges and accrued income | 490/1 | €56,400 | €2,703 | -€53,697 | -95.2% |
| Total equity and liabilities | 10/49 | €952,303 | €870,808 | -€81,494 | -8.6% |
| Equity | 10/15 | €629,251 | €673,114 | +€43,863 | +7.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €567,277 | €611,140 | +€43,863 | +7.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €561,080 | €604,943 | +€43,863 | +7.8% |
| Amounts payable | 17/49 | €323,052 | €197,695 | -€125,357 | -38.8% |
| Amounts payable within one year | 42/48 | €180,963 | €197,695 | +€16,732 | +9.2% |
| Trade debts | 44 | €125,826 | €107,049 | -€18,777 | -14.9% |
| Suppliers | 440/4 | €125,826 | €107,049 | -€18,777 | -14.9% |
| Taxes, remuneration and social security | 45 | €18,479 | €6,948 | -€11,531 | -62.4% |
| Taxes | 450/3 | €9,807 | €4,585 | -€5,221 | -53.2% |
| Remuneration and social security | 454/9 | €8,673 | €2,363 | -€6,310 | -72.8% |
| Other amounts payable | 47/48 | €36,658 | €83,698 | +€47,040 | +128% |
| Accrued charges and deferred income | 492/3 | €142,089 | - | -€142,089 | |
| Non-recurring operating income | 76A | €33,875 | €331 | -€33,545 | -99.0% |
| Remuneration, social security and pensions | 62 | €1,300 | €610 | -€690 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,058 | €190,311 | +€27,252 | +16.7% |
| Other operating charges | 640/8 | €15,528 | €15,330 | -€197 | -1.3% |
| Gross operating margin | 9900 | €285,118 | €275,219 | -€9,899 | -3.5% |
| Operating profit (loss) | 9901 | €105,232 | €68,968 | -€36,264 | -34.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4,433% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4,433% |
| Financial charges | 65/66B | €497 | €733 | +€237 | +47.6% |
| Recurring financial charges | 65 | €497 | €733 | +€237 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €104,735 | €68,238 | -€36,498 | -34.8% |
| Income taxes | 67/77 | €29,937 | €24,375 | -€5,562 | -18.6% |
| Profit (loss) for the period | 9904 | €74,798 | €43,863 | -€30,935 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,798 | €43,863 | -€30,935 | -41.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.