GOTEX: 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.
GOTEX
Largest movements
- Tangible fixed assets -€20,810
down €20,810 (-10.7%), from €193,674 to €172,864
of which Other tangible fixed assets: -€14,742
- Receivables within one year +€5,767
up €5,767 (+26.5%), from €21,788 to €27,555
of which Trade receivables: +€9,426
- Cash +€5,091
up €5,091 (+87.5%), from €5,822 to €10,913
mainly Net result for the year (+€50,607) and Depreciation (+€20,810)
- Deferred charges and accrued income -€3,053
down €3,053 (-92.7%), from €3,295 to €241
- Profit (loss) carried forward +€50,607
up €50,607 (+21.2%), from -€238,182 to -€187,574
- Other debts -€22,870
down €22,870 (-5.6%), from €408,308 to €385,437
- Trade debts -€22,870
down €22,870 (-79.1%), from €28,916 to €6,046
- Tax, wage and social debts -€15,327
down €15,327 (-77.5%), from €19,783 to €4,455
of which Remuneration and social security: -€11,881
- Financial income +€40,000
new in 2025: €40,000
of which Financial income: +€40,000
- Staff costs -€38,167
down €38,167, from €38,116 to -€51
- Gross operating margin -€24,419
down €24,419 (-41.9%), from €58,340 to €33,922
- Depreciation -€2,082
down €2,082 (-9.1%), from €22,892 to €20,810
- Other operating charges -€958
down €958 (-64.5%), from €1,484 to €527
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 | €241,444 | €228,824 | -€12,620 | -5.2% |
| Fixed assets | 21/28 | €194,739 | €173,928 | -€20,810 | -10.7% |
| Tangible fixed assets | 22/27 | €193,674 | €172,864 | -€20,810 | -10.7% |
| Plant, machinery and equipment | 23 | €1,790 | €415 | -€1,375 | -76.8% |
| Furniture and vehicles | 24 | €10,073 | €5,380 | -€4,693 | -46.6% |
| Other tangible fixed assets | 26 | €181,810 | €167,068 | -€14,742 | -8.1% |
| Financial fixed assets | 28 | €1,065 | €1,065 | = | 0.0% |
| Current assets | 29/58 | €46,705 | €54,895 | +€8,190 | +17.5% |
| Stocks and contracts in progress | 3 | €15,801 | €16,186 | +€385 | +2.4% |
| Stocks | 30/36 | €15,801 | €16,186 | +€385 | +2.4% |
| Amounts receivable within one year | 40/41 | €21,788 | €27,555 | +€5,767 | +26.5% |
| Trade receivables | 40 | €10,708 | €20,134 | +€9,426 | +88.0% |
| Other amounts receivable | 41 | €11,080 | €7,421 | -€3,659 | -33.0% |
| Cash at bank and in hand | 54/58 | €5,822 | €10,913 | +€5,091 | +87.5% |
| Deferred charges and accrued income | 490/1 | €3,295 | €241 | -€3,053 | -92.7% |
| Total equity and liabilities | 10/49 | €241,444 | €228,824 | -€12,620 | -5.2% |
| Equity | 10/15 | -€217,722 | -€167,114 | +€50,607 | +23.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,182 | -€187,574 | +€50,607 | +21.2% |
| Amounts payable | 17/49 | €459,165 | €395,938 | -€63,227 | -13.8% |
| Amounts payable within one year | 42/48 | €457,065 | €395,938 | -€61,127 | -13.4% |
| Financial debts | 43 | €59 | - | -€59 | |
| Credit institutions | 430/8 | €59 | - | -€59 | |
| Trade debts | 44 | €28,916 | €6,046 | -€22,870 | -79.1% |
| Suppliers | 440/4 | €28,916 | €6,046 | -€22,870 | -79.1% |
| Taxes, remuneration and social security | 45 | €19,783 | €4,455 | -€15,327 | -77.5% |
| Taxes | 450/3 | €7,902 | €4,455 | -€3,447 | -43.6% |
| Remuneration and social security | 454/9 | €11,881 | - | -€11,881 | |
| Other amounts payable | 47/48 | €408,308 | €385,437 | -€22,870 | -5.6% |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Remuneration, social security and pensions | 62 | €38,116 | -€51 | -€38,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,892 | €20,810 | -€2,082 | -9.1% |
| Other operating charges | 640/8 | €1,484 | €527 | -€958 | -64.5% |
| Gross operating margin | 9900 | €58,340 | €33,922 | -€24,419 | -41.9% |
| Operating profit (loss) | 9901 | -€4,152 | €12,636 | +€16,788 | |
| Financial income | 75/76B | - | €40,000 | +€40,000 | |
| Recurring financial income | 75 | - | €40,000 | +€40,000 | |
| Non-recurring financial income | 76B | - | €40,000 | +€40,000 | |
| Financial charges | 65/66B | €895 | €997 | +€102 | +11.4% |
| Recurring financial charges | 65 | €895 | €997 | +€102 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,047 | €51,639 | +€56,686 | |
| Income taxes | 67/77 | €1,225 | €1,032 | -€193 | -15.8% |
| Profit (loss) for the period | 9904 | -€6,273 | €50,607 | +€56,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,273 | €50,607 | +€56,880 |
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 29 September 2026 via checked.be.