GOTECH: what changed
Two fiscal 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.
GOTECH
Largest movements
- Tangible fixed assets -€13,515
down €13,515 (-20.1%), from €67,199 to €53,684
of which Plant, machinery and equipment: -€13,383
- Receivables within one year -€7,366
down €7,366 (-14.2%), from €51,900 to €44,535
of which Other amounts receivable: -€6,414
- Deferred charges and accrued income +€5,934
up €5,934 (+432.8%), from €1,371 to €7,306
- Cash +€5,609
up €5,609 (+4.3%), from €131,533 to €137,142
mainly Depreciation (+€19,133) and Receivables within one year (+€7,366)
- Stocks and contracts +€4,254
up €4,254 (+9.0%), from €47,528 to €51,782
- Debts after one year -€7,306
down €7,306 (-40.0%), from €18,242 to €10,936
- Trade debts -€6,533
down €6,533 (-37.6%), from €17,356 to €10,823
- Tax, wage and social debts +€3,892
up €3,892 (+8.2%), from €47,575 to €51,467
of which Remuneration and social security: +€4,486
- Reserves +€3,494
up €3,494 (+2.0%), from €173,984 to €177,478
of which Distributable reserves: +€3,494
- Staff costs +€28,757
up €28,757 (+18.3%), from €157,506 to €186,263
- Gross operating margin +€17,001
up €17,001 (+8.3%), from €204,490 to €221,490
- Depreciation +€4,462
up €4,462 (+30.4%), from €14,671 to €19,133
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 | €313,290 | €308,207 | -€5,083 | -1.6% |
| Fixed assets | 21/28 | €80,957 | €67,442 | -€13,515 | -16.7% |
| Tangible fixed assets | 22/27 | €67,199 | €53,684 | -€13,515 | -20.1% |
| Plant, machinery and equipment | 23 | €66,468 | €53,085 | -€13,383 | -20.1% |
| Furniture and vehicles | 24 | €731 | €599 | -€131 | -18.0% |
| Financial fixed assets | 28 | €13,758 | €13,758 | = | 0.0% |
| Current assets | 29/58 | €232,333 | €240,765 | +€8,432 | +3.6% |
| Stocks and contracts in progress | 3 | €47,528 | €51,782 | +€4,254 | +9.0% |
| Stocks | 30/36 | €47,528 | €51,782 | +€4,254 | +9.0% |
| Amounts receivable within one year | 40/41 | €51,900 | €44,535 | -€7,366 | -14.2% |
| Trade receivables | 40 | €6,525 | €5,574 | -€952 | -14.6% |
| Other amounts receivable | 41 | €45,375 | €38,961 | -€6,414 | -14.1% |
| Cash at bank and in hand | 54/58 | €131,533 | €137,142 | +€5,609 | +4.3% |
| Deferred charges and accrued income | 490/1 | €1,371 | €7,306 | +€5,934 | +432.8% |
| Total equity and liabilities | 10/49 | €313,290 | €308,207 | -€5,083 | -1.6% |
| Equity | 10/15 | €216,968 | €220,461 | +€3,494 | +1.6% |
| Contributions | 10/11 | €241,696 | €241,696 | = | 0.0% |
| Reserves | 13 | €173,984 | €177,478 | +€3,494 | +2.0% |
| Non-distributable reserves | 130/1 | €32,495 | €32,495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,495 | €32,495 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €103,989 | €107,483 | +€3,494 | +3.4% |
| Profit (loss) carried forward | 14 | -€198,713 | -€198,713 | = | 0.0% |
| Amounts payable | 17/49 | €96,322 | €87,746 | -€8,577 | -8.9% |
| Amounts payable after more than one year | 17 | €18,242 | €10,936 | -€7,306 | -40.0% |
| Financial debts | 170/4 | €18,242 | €10,936 | -€7,306 | -40.0% |
| Amounts payable within one year | 42/48 | €78,081 | €76,810 | -€1,271 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €8,463 | €7,306 | -€1,157 | -13.7% |
| Financial debts | 43 | €1,358 | €1,350 | -€9 | -0.6% |
| Credit institutions | 430/8 | €1,358 | €1,350 | -€9 | -0.6% |
| Trade debts | 44 | €17,356 | €10,823 | -€6,533 | -37.6% |
| Suppliers | 440/4 | €17,356 | €10,823 | -€6,533 | -37.6% |
| Taxes, remuneration and social security | 45 | €47,575 | €51,467 | +€3,892 | +8.2% |
| Taxes | 450/3 | €17,858 | €17,264 | -€594 | -3.3% |
| Remuneration and social security | 454/9 | €29,717 | €34,203 | +€4,486 | +15.1% |
| Other amounts payable | 47/48 | €3,329 | €5,864 | +€2,535 | +76.2% |
| Remuneration, social security and pensions | 62 | €157,506 | €186,263 | +€28,757 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,671 | €19,133 | +€4,462 | +30.4% |
| Other operating charges | 640/8 | €1,052 | €1,557 | +€506 | +48.1% |
| Gross operating margin | 9900 | €204,490 | €221,490 | +€17,001 | +8.3% |
| Operating profit (loss) | 9901 | €31,261 | €14,537 | -€16,724 | -53.5% |
| Financial income | 75/76B | €1,796 | €1,310 | -€486 | -27.0% |
| Recurring financial income | 75 | €1,796 | €1,310 | -€486 | -27.0% |
| Financial charges | 65/66B | €5,200 | €6,650 | +€1,450 | +27.9% |
| Recurring financial charges | 65 | €5,200 | €6,650 | +€1,450 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €27,857 | €9,197 | -€18,660 | -67.0% |
| Income taxes | 67/77 | €4,673 | €5,703 | +€1,031 | +22.1% |
| Profit (loss) for the period | 9904 | €23,184 | €3,494 | -€19,690 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,184 | €3,494 | -€19,690 | -84.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.