GOTHA: what changed
GOTHA
Largest movements
- Receivables within one year +€37,003
up €37,003 (+12,014%), from €308 to €37,311
of which Other amounts receivable: +€34,622
- Tangible fixed assets +€30,004
up €30,004 (+46.9%), from €64,004 to €94,008
of which Other tangible fixed assets: +€32,972
- Stocks and contracts +€1,891
up €1,891 (+28.1%), from €6,719 to €8,610
- Profit (loss) carried forward -€87,109
down €87,109 (-109%), from -€80,231 to -€167,340
- Other debts +€75,427
up €75,427 (+106%), from €71,366 to €146,794
- Trade debts +€55,601
up €55,601 (+72.8%), from €76,409 to €132,010
- Tax, wage and social debts +€26,741
up €26,741 (+474%), from €5,636 to €32,377
of which Taxes: +€13,424
- Staff costs +€47,283
up €47,283 (+359%), from €13,158 to €60,442
- Gross operating margin +€41,057
up €41,057 (+74.0%), from -€55,455 to -€14,397
- Depreciation +€3,908
up €3,908 (+52.4%), from €7,464 to €11,373
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,180 | €148,841 | +€70,661 | +90.4% |
| Fixed assets | 21/28 | €64,004 | €95,098 | +€31,094 | +48.6% |
| Tangible fixed assets | 22/27 | €64,004 | €94,008 | +€30,004 | +46.9% |
| Furniture and vehicles | 24 | €10,004 | €7,036 | -€2,968 | -29.7% |
| Other tangible fixed assets | 26 | €54,000 | €86,972 | +€32,972 | +61.1% |
| Financial fixed assets | 28 | - | €1,090 | +€1,090 | |
| Current assets | 29/58 | €14,176 | €53,743 | +€39,567 | +279% |
| Stocks and contracts in progress | 3 | €6,719 | €8,610 | +€1,891 | +28.1% |
| Stocks | 30/36 | €6,719 | €8,610 | +€1,891 | +28.1% |
| Amounts receivable within one year | 40/41 | €308 | €37,311 | +€37,003 | +12,014% |
| Trade receivables | 40 | €308 | €2,689 | +€2,381 | +773% |
| Other amounts receivable | 41 | - | €34,622 | +€34,622 | |
| Cash at bank and in hand | 54/58 | €7,149 | €7,822 | +€673 | +9.4% |
| Total equity and liabilities | 10/49 | €78,180 | €148,841 | +€70,661 | +90.4% |
| Equity | 10/15 | -€75,231 | -€162,340 | -€87,109 | -116% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,231 | -€167,340 | -€87,109 | -109% |
| Amounts payable | 17/49 | €153,411 | €311,181 | +€157,770 | +103% |
| Amounts payable within one year | 42/48 | €153,411 | €311,181 | +€157,770 | +103% |
| Trade debts | 44 | €76,409 | €132,010 | +€55,601 | +72.8% |
| Suppliers | 440/4 | €76,409 | €132,010 | +€55,601 | +72.8% |
| Taxes, remuneration and social security | 45 | €5,636 | €32,377 | +€26,741 | +474% |
| Taxes | 450/3 | €4,112 | €17,535 | +€13,424 | +326% |
| Remuneration and social security | 454/9 | €1,524 | €14,842 | +€13,318 | +874% |
| Other amounts payable | 47/48 | €71,366 | €146,794 | +€75,427 | +106% |
| Remuneration, social security and pensions | 62 | €13,158 | €60,442 | +€47,283 | +359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,464 | €11,373 | +€3,908 | +52.4% |
| Other operating charges | 640/8 | €435 | €150 | -€285 | -65.5% |
| Gross operating margin | 9900 | -€55,455 | -€14,397 | +€41,057 | +74.0% |
| Operating profit (loss) | 9901 | -€76,512 | -€86,361 | -€9,849 | -12.9% |
| Financial charges | 65/66B | €249 | €747 | +€498 | +199% |
| Recurring financial charges | 65 | €249 | €747 | +€498 | +199% |
| Profit (loss) for the period before taxes | 9903 | -€76,762 | -€87,109 | -€10,347 | -13.5% |
| Profit (loss) for the period | 9904 | -€76,762 | -€87,109 | -€10,347 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,762 | -€87,109 | -€10,347 | -13.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.