GOTTSCHALK: what changed
Two financial 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.
GOTTSCHALK
Largest movements
- Cash +€179,076
up €179,076 (+72.3%), from €247,581 to €426,658
mainly Net result for the year (+€252,895) and Receivables within one year (+€108,236)
- Receivables within one year -€108,236
down €108,236 (-20.7%), from €522,801 to €414,565
of which Trade receivables: -€112,559
- Tangible fixed assets +€26,297
up €26,297 (+15.6%), from €169,003 to €195,300
of which Furniture and vehicles: +€34,559
- Stocks and contracts -€16,321
down €16,321 (-6.4%), from €254,977 to €238,656
- Debts after one year +€71,889
up €71,889 (+102.7%), from €70,024 to €141,913
- Trade debts -€65,269
down €65,269 (-29.9%), from €218,579 to €153,310
- Profit (loss) carried forward +€52,895
up €52,895 (+10.5%), from €504,263 to €557,158
- Tax, wage and social debts +€26,594
up €26,594 (+29.2%), from €91,122 to €117,716
of which Taxes: +€33,371
- Short-term financial debts -€22,581
down €22,581 (-40.4%), from €55,875 to €33,294
- Staff costs -€91,902
down €91,902 (-12.6%), from €729,448 to €637,546
- Gross operating margin +€60,034
up €60,034 (+5.7%), from €1.0m to €1.1m
- Taxes +€29,652
up €29,652 (+43.0%), from €68,932 to €98,584
- Depreciation +€16,500
up €16,500 (+35.7%), from €46,191 to €62,691
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 | €1,237,088 | €1,313,301 | +€76,213 | +6.2% |
| Fixed assets | 21/28 | €196,437 | €222,366 | +€25,929 | +13.2% |
| Intangible fixed assets | 21 | €368 | €0 | -€368 | -100.0% |
| Tangible fixed assets | 22/27 | €169,003 | €195,300 | +€26,297 | +15.6% |
| Plant, machinery and equipment | 23 | €1,322 | €2,216 | +€895 | +67.7% |
| Furniture and vehicles | 24 | €144,199 | €178,758 | +€34,559 | +24.0% |
| Other tangible fixed assets | 26 | €23,482 | €14,325 | -€9,157 | -39.0% |
| Financial fixed assets | 28 | €27,066 | €27,066 | = | 0.0% |
| Current assets | 29/58 | €1,040,651 | €1,090,936 | +€50,284 | +4.8% |
| Stocks and contracts in progress | 3 | €254,977 | €238,656 | -€16,321 | -6.4% |
| Stocks | 30/36 | €254,977 | €238,656 | -€16,321 | -6.4% |
| Amounts receivable within one year | 40/41 | €522,801 | €414,565 | -€108,236 | -20.7% |
| Trade receivables | 40 | €513,144 | €400,585 | -€112,559 | -21.9% |
| Other amounts receivable | 41 | €9,657 | €13,980 | +€4,323 | +44.8% |
| Cash at bank and in hand | 54/58 | €247,581 | €426,658 | +€179,076 | +72.3% |
| Deferred charges and accrued income | 490/1 | €15,292 | €11,057 | -€4,235 | -27.7% |
| Total equity and liabilities | 10/49 | €1,237,088 | €1,313,301 | +€76,213 | +6.2% |
| Equity | 10/15 | €562,223 | €615,118 | +€52,895 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,360 | €39,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,263 | €557,158 | +€52,895 | +10.5% |
| Provisions and deferred taxes | 16 | €106,631 | €117,833 | +€11,202 | +10.5% |
| Provisions for liabilities and charges | 160/5 | €106,631 | €117,833 | +€11,202 | +10.5% |
| Environmental obligations | 163 | €106,631 | €0 | -€106,631 | -100.0% |
| Other liabilities and charges | 164/5 | - | €117,833 | +€117,833 | |
| Amounts payable | 17/49 | €568,234 | €580,351 | +€12,117 | +2.1% |
| Amounts payable after more than one year | 17 | €70,024 | €141,913 | +€71,889 | +102.7% |
| Financial debts | 170/4 | €70,024 | €141,913 | +€71,889 | +102.7% |
| Amounts payable within one year | 42/48 | €497,217 | €438,437 | -€58,780 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €31,642 | €32,986 | +€1,344 | +4.2% |
| Financial debts | 43 | €55,875 | €33,294 | -€22,581 | -40.4% |
| Credit institutions | 430/8 | €55,875 | €33,294 | -€22,581 | -40.4% |
| Trade debts | 44 | €218,579 | €153,310 | -€65,269 | -29.9% |
| Suppliers | 440/4 | €218,579 | €153,310 | -€65,269 | -29.9% |
| Taxes, remuneration and social security | 45 | €91,122 | €117,716 | +€26,594 | +29.2% |
| Taxes | 450/3 | €9,918 | €43,289 | +€33,371 | +336.5% |
| Remuneration and social security | 454/9 | €81,204 | €74,427 | -€6,777 | -8.3% |
| Other amounts payable | 47/48 | €100,000 | €101,132 | +€1,132 | +1.1% |
| Accrued charges and deferred income | 492/3 | €993 | €0 | -€993 | -100.0% |
| Non-recurring operating income | 76A | €18,339 | €10,928 | -€7,410 | -40.4% |
| Remuneration, social security and pensions | 62 | €729,448 | €637,546 | -€91,902 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,191 | €62,691 | +€16,500 | +35.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,225 | €11,202 | -€24 | -0.2% |
| Other operating charges | 640/8 | €21,882 | €22,557 | +€675 | +3.1% |
| Non-recurring operating charges | 66A | €0 | €12,597 | +€12,597 | |
| Gross operating margin | 9900 | €1,047,803 | €1,107,837 | +€60,034 | +5.7% |
| Operating profit (loss) | 9901 | €239,057 | €361,245 | +€122,188 | +51.1% |
| Financial income | 75/76B | €2,239 | €1,368 | -€871 | -38.9% |
| Recurring financial income | 75 | €2,239 | €1,368 | -€871 | -38.9% |
| Financial charges | 65/66B | €6,534 | €11,134 | +€4,600 | +70.4% |
| Recurring financial charges | 65 | €6,534 | €11,134 | +€4,600 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €234,762 | €351,479 | +€116,717 | +49.7% |
| Income taxes | 67/77 | €68,932 | €98,584 | +€29,652 | +43.0% |
| Profit (loss) for the period | 9904 | €165,830 | €252,895 | +€87,065 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €165,830 | €252,895 | +€87,065 | +52.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.