GOTRON: 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.
GOTRON
Largest movements
- Tangible fixed assets +€254,276
up €254,276 (+104.1%), from €244,281 to €498,557
of which Land and buildings: +€271,367
- Receivables within one year +€100,175
up €100,175 (+43.9%), from €228,348 to €328,523
of which Trade receivables: +€98,842
- Cash -€76,987
down €76,987 (-12.7%), from €606,519 to €529,533
mainly Investment in fixed assets (net) (-€343,414) and Contributions, distributions and other (-€287,762)
- Stocks and contracts -€70,541
down €70,541 (-5.2%), from €1.4m to €1.3m
- Other debts +€257,948
up €257,948 (+966.0%), from €26,702 to €284,650
- Reserves -€90,384
down €90,384 (-3.2%), from €2.8m to €2.7m
of which Distributable reserves: -€90,384
- Gross operating margin +€63,733
up €63,733 (+11.7%), from €542,847 to €606,580
- Depreciation +€37,678
up €37,678 (+73.2%), from €51,460 to €89,138
- Staff costs +€25,993
up €25,993 (+11.7%), from €222,792 to €248,785
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 | €2,939,177 | €3,152,739 | +€213,562 | +7.3% |
| Fixed assets | 21/28 | €244,281 | €498,557 | +€254,276 | +104.1% |
| Tangible fixed assets | 22/27 | €244,281 | €498,557 | +€254,276 | +104.1% |
| Land and buildings | 22 | €211,720 | €483,087 | +€271,367 | +128.2% |
| Plant, machinery and equipment | 23 | €5,119 | €1,643 | -€3,476 | -67.9% |
| Furniture and vehicles | 24 | €12,851 | €5,827 | -€7,024 | -54.7% |
| Other tangible fixed assets | 26 | €14,591 | €7,999 | -€6,592 | -45.2% |
| Current assets | 29/58 | €2,694,896 | €2,654,182 | -€40,714 | -1.5% |
| Stocks and contracts in progress | 3 | €1,360,028 | €1,289,488 | -€70,541 | -5.2% |
| Stocks | 30/36 | €1,360,028 | €1,289,488 | -€70,541 | -5.2% |
| Amounts receivable within one year | 40/41 | €228,348 | €328,523 | +€100,175 | +43.9% |
| Trade receivables | 40 | €205,031 | €303,872 | +€98,842 | +48.2% |
| Other amounts receivable | 41 | €23,318 | €24,651 | +€1,333 | +5.7% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €606,519 | €529,533 | -€76,987 | -12.7% |
| Deferred charges and accrued income | 490/1 | €0 | €6,639 | +€6,639 | |
| Total equity and liabilities | 10/49 | €2,939,177 | €3,152,739 | +€213,562 | +7.3% |
| Equity | 10/15 | €2,864,013 | €2,773,629 | -€90,384 | -3.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €2,826,813 | €2,736,429 | -€90,384 | -3.2% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €2,798,063 | €2,707,679 | -€90,384 | -3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €75,164 | €379,110 | +€303,946 | +404.4% |
| Amounts payable within one year | 42/48 | €73,456 | €377,778 | +€304,322 | +414.3% |
| Trade debts | 44 | €1,690 | €25,528 | +€23,838 | +1410.3% |
| Suppliers | 440/4 | €1,690 | €25,528 | +€23,838 | +1410.3% |
| Taxes, remuneration and social security | 45 | €45,064 | €67,600 | +€22,536 | +50.0% |
| Taxes | 450/3 | €25,679 | €29,756 | +€4,077 | +15.9% |
| Remuneration and social security | 454/9 | €19,385 | €37,844 | +€18,459 | +95.2% |
| Other amounts payable | 47/48 | €26,702 | €284,650 | +€257,948 | +966.0% |
| Accrued charges and deferred income | 492/3 | €1,708 | €1,332 | -€376 | -22.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €222,792 | €248,785 | +€25,993 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,460 | €89,138 | +€37,678 | +73.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,349 | €5,315 | +€966 | +22.2% |
| Gross operating margin | 9900 | €542,847 | €606,580 | +€63,733 | +11.7% |
| Operating profit (loss) | 9901 | €264,247 | €263,343 | -€903 | -0.3% |
| Financial income | 75/76B | €35,605 | €31,996 | -€3,609 | -10.1% |
| Recurring financial income | 75 | €35,605 | €31,996 | -€3,609 | -10.1% |
| Financial charges | 65/66B | €7,022 | €8,462 | +€1,439 | +20.5% |
| Recurring financial charges | 65 | €7,022 | €8,462 | +€1,439 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €292,829 | €286,878 | -€5,951 | -2.0% |
| Income taxes | 67/77 | €91,753 | €89,499 | -€2,253 | -2.5% |
| Profit (loss) for the period | 9904 | €201,077 | €197,378 | -€3,698 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €201,077 | €197,378 | -€3,698 | -1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.