GOSTART: 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.
GOSTART
Largest movements
- Tangible fixed assets -€264,958
down €264,958 (-55.8%), from €474,428 to €209,471
of which Land and buildings: -€238,707
- Financial fixed assets -€45,607
down €45,607 (-94.3%), from €48,369 to €2,761
- Cash -€37,307
down €37,307 (-83.0%), from €44,953 to €7,647
mainly Contributions, distributions and other (-€260,754) and Other debts (-€81,143)
- Receivables within one year -€5,932
down €5,932 (-38.8%), from €15,295 to €9,363
of which Trade receivables: -€5,742
- Contributions -€145,527
down €145,527 (-61.4%), from €236,883 to €91,356
- Profit (loss) carried forward -€126,364
down €126,364 (-91.2%), from €138,625 to €12,262
- Other debts -€81,143
down €81,143 (-52.1%), from €155,815 to €74,672
- Gross operating margin -€24,706
down €24,706 (-53.5%), from €46,163 to €21,457
- Depreciation -€22,689
down €22,689 (-76.7%), from €29,579 to €6,890
- Financial charges +€20,702
up €20,702 (+5277.4%), from €392 to €21,094
of which Non-recurring financial charges: +€20,601
- Other operating charges +€2,681
up €2,681 (+144.5%), from €1,855 to €4,536
- Taxes -€1,295
down €1,295 (-94.6%), from €1,369 to €74
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 | €584,316 | €230,064 | -€354,252 | -60.6% |
| Fixed assets | 21/28 | €522,797 | €212,232 | -€310,565 | -59.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €474,428 | €209,471 | -€264,958 | -55.8% |
| Land and buildings | 22 | €425,659 | €186,953 | -€238,707 | -56.1% |
| Plant, machinery and equipment | 23 | €47,729 | €20,869 | -€26,861 | -56.3% |
| Furniture and vehicles | 24 | €1,040 | €1,649 | +€610 | +58.6% |
| Financial fixed assets | 28 | €48,369 | €2,761 | -€45,607 | -94.3% |
| Current assets | 29/58 | €61,519 | €17,832 | -€43,687 | -71.0% |
| Amounts receivable within one year | 40/41 | €15,295 | €9,363 | -€5,932 | -38.8% |
| Trade receivables | 40 | €6,311 | €568 | -€5,742 | -91.0% |
| Other amounts receivable | 41 | €8,984 | €8,794 | -€190 | -2.1% |
| Cash at bank and in hand | 54/58 | €44,953 | €7,647 | -€37,307 | -83.0% |
| Deferred charges and accrued income | 490/1 | €1,270 | €822 | -€448 | -35.3% |
| Total equity and liabilities | 10/49 | €584,316 | €230,064 | -€354,252 | -60.6% |
| Equity | 10/15 | €425,315 | €153,424 | -€271,891 | -63.9% |
| Contributions | 10/11 | €236,883 | €91,356 | -€145,527 | -61.4% |
| Reserves | 13 | €49,807 | €49,807 | = | 0.0% |
| Tax-exempt reserves | 132 | €857 | €857 | = | 0.0% |
| Distributable reserves | 133 | €48,950 | €48,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,625 | €12,262 | -€126,364 | -91.2% |
| Amounts payable | 17/49 | €159,001 | €76,639 | -€82,362 | -51.8% |
| Amounts payable within one year | 42/48 | €159,001 | €76,639 | -€82,362 | -51.8% |
| Trade debts | 44 | €701 | €778 | +€76 | +10.9% |
| Suppliers | 440/4 | €701 | €778 | +€76 | +10.9% |
| Taxes, remuneration and social security | 45 | €2,485 | €1,190 | -€1,295 | -52.1% |
| Taxes | 450/3 | €2,485 | €1,190 | -€1,295 | -52.1% |
| Other amounts payable | 47/48 | €155,815 | €74,672 | -€81,143 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,579 | €6,890 | -€22,689 | -76.7% |
| Other operating charges | 640/8 | €1,855 | €4,536 | +€2,681 | +144.5% |
| Gross operating margin | 9900 | €46,163 | €21,457 | -€24,706 | -53.5% |
| Operating profit (loss) | 9901 | €14,728 | €10,031 | -€4,697 | -31.9% |
| Financial income | 75/76B | €18 | €1 | -€18 | -97.3% |
| Recurring financial income | 75 | €18 | €1 | -€18 | -97.3% |
| Financial charges | 65/66B | €392 | €21,094 | +€20,702 | +5277.4% |
| Recurring financial charges | 65 | €392 | €493 | +€101 | +25.8% |
| Non-recurring financial charges | 66B | - | €20,601 | +€20,601 | |
| Profit (loss) for the period before taxes | 9903 | €14,355 | -€11,062 | -€25,417 | |
| Income taxes | 67/77 | €1,369 | €74 | -€1,295 | -94.6% |
| Profit (loss) for the period | 9904 | €12,986 | -€11,136 | -€24,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,986 | -€11,136 | -€24,122 |
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.