GOTIER: 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.
GOTIER
Largest movements
- Receivables within one year +€18,716
up €18,716 (+13.4%), from €139,670 to €158,386
of which Trade receivables: +€46,726
- Cash +€5,713
up €5,713 (+8.3%), from €68,519 to €74,232
mainly Net result for the year (+€15,243) and Tax, wage and social debts (+€8,586)
- Reserves +€15,243
up €15,243 (+8.1%), from €187,788 to €203,032
of which Distributable reserves: +€15,243
- Tax, wage and social debts +€8,586
new in 2025: €8,586
- Trade debts +€2,359
up €2,359 (+139.6%), from €1,689 to €4,048
- Gross operating margin +€50,711
up €50,711, from -€38,566 to €12,144
- Financial income +€4,413
up €4,413 (+215.7%), from €2,046 to €6,459
- Depreciation -€2,551
down €2,551 (-69.2%), from €3,686 to €1,136
- Taxes +€1,524
new in 2025: €1,524
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 | €209,478 | €235,665 | +€26,188 | +12.5% |
| Fixed assets | 21/28 | €1,288 | €3,047 | +€1,759 | +136.6% |
| Tangible fixed assets | 22/27 | €1,288 | €3,047 | +€1,759 | +136.6% |
| Furniture and vehicles | 24 | €1,288 | €3,047 | +€1,759 | +136.6% |
| Current assets | 29/58 | €208,190 | €232,618 | +€24,428 | +11.7% |
| Amounts receivable within one year | 40/41 | €139,670 | €158,386 | +€18,716 | +13.4% |
| Trade receivables | 40 | €5,774 | €52,500 | +€46,726 | +809.2% |
| Other amounts receivable | 41 | €133,896 | €105,886 | -€28,010 | -20.9% |
| Cash at bank and in hand | 54/58 | €68,519 | €74,232 | +€5,713 | +8.3% |
| Total equity and liabilities | 10/49 | €209,478 | €235,665 | +€26,188 | +12.5% |
| Equity | 10/15 | €207,788 | €223,032 | +€15,243 | +7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €187,788 | €203,032 | +€15,243 | +8.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €185,788 | €201,032 | +€15,243 | +8.2% |
| Amounts payable | 17/49 | €1,689 | €12,634 | +€10,944 | +647.9% |
| Amounts payable within one year | 42/48 | €1,689 | €12,634 | +€10,944 | +647.9% |
| Trade debts | 44 | €1,689 | €4,048 | +€2,359 | +139.6% |
| Suppliers | 440/4 | €1,689 | €4,048 | +€2,359 | +139.6% |
| Taxes, remuneration and social security | 45 | - | €8,586 | +€8,586 | |
| Taxes | 450/3 | - | €8,586 | +€8,586 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,686 | €1,136 | -€2,551 | -69.2% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€38,566 | €12,144 | +€50,711 | |
| Operating profit (loss) | 9901 | -€42,766 | €10,481 | +€53,247 | |
| Financial income | 75/76B | €2,046 | €6,459 | +€4,413 | +215.7% |
| Recurring financial income | 75 | €2,046 | €6,459 | +€4,413 | +215.7% |
| Financial charges | 65/66B | €320 | €172 | -€149 | -46.4% |
| Recurring financial charges | 65 | €320 | €172 | -€149 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,040 | €16,768 | +€57,808 | |
| Income taxes | 67/77 | - | €1,524 | +€1,524 | |
| Profit (loss) for the period | 9904 | -€41,040 | €15,243 | +€56,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,040 | €15,243 | +€56,284 |
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 30 September 2026 via checked.be.