GOUD: 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.
GOUD
Largest movements
- Cash +€86,703
up €86,703 (+144.3%), from €60,101 to €146,803
mainly Net result for the year (+€66,859) and Tax, wage and social debts (+€17,338)
- Reserves +€66,859
up €66,859 (+110.5%), from €60,499 to €127,357
- Tax, wage and social debts +€17,338
up €17,338 (+46.8%), from €37,053 to €54,392
of which Remuneration and social security: +€15,247
- Gross operating margin +€159,606
up €159,606 (+84.7%), from €188,531 to €348,137
- Staff costs +€127,796
up €127,796 (+97.8%), from €130,611 to €258,407
- Taxes +€3,744
up €3,744 (+22.9%), from €16,331 to €20,075
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 | €102,003 | €186,705 | +€84,702 | +83.0% |
| Current assets | 29/58 | €102,003 | €186,705 | +€84,702 | +83.0% |
| Amounts receivable within one year | 40/41 | €40,379 | €38,578 | -€1,801 | -4.5% |
| Trade receivables | 40 | €27,632 | €25,501 | -€2,130 | -7.7% |
| Other amounts receivable | 41 | €12,748 | €13,077 | +€329 | +2.6% |
| Cash at bank and in hand | 54/58 | €60,101 | €146,803 | +€86,703 | +144.3% |
| Deferred charges and accrued income | 490/1 | €1,523 | €1,323 | -€200 | -13.1% |
| Total equity and liabilities | 10/49 | €102,003 | €186,705 | +€84,702 | +83.0% |
| Equity | 10/15 | €62,999 | €129,857 | +€66,859 | +106.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €60,499 | €127,357 | +€66,859 | +110.5% |
| Distributable reserves | 133 | €60,499 | €127,357 | +€66,859 | +110.5% |
| Amounts payable | 17/49 | €39,004 | €56,848 | +€17,843 | +45.7% |
| Amounts payable within one year | 42/48 | €39,004 | €56,848 | +€17,843 | +45.7% |
| Trade debts | 44 | €1,951 | €2,456 | +€505 | +25.9% |
| Suppliers | 440/4 | €1,951 | €2,456 | +€505 | +25.9% |
| Taxes, remuneration and social security | 45 | €37,053 | €54,392 | +€17,338 | +46.8% |
| Taxes | 450/3 | €29,407 | €31,498 | +€2,091 | +7.1% |
| Remuneration and social security | 454/9 | €7,646 | €22,893 | +€15,247 | +199.4% |
| Remuneration, social security and pensions | 62 | €130,611 | €258,407 | +€127,796 | +97.8% |
| Other operating charges | 640/8 | €1,275 | €1,301 | +€26 | +2.1% |
| Gross operating margin | 9900 | €188,531 | €348,137 | +€159,606 | +84.7% |
| Operating profit (loss) | 9901 | €56,645 | €88,429 | +€31,784 | +56.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1725.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1725.0% |
| Financial charges | 65/66B | €1,649 | €1,496 | -€154 | -9.3% |
| Recurring financial charges | 65 | €1,649 | €1,496 | -€154 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €54,996 | €86,934 | +€31,938 | +58.1% |
| Income taxes | 67/77 | €16,331 | €20,075 | +€3,744 | +22.9% |
| Profit (loss) for the period | 9904 | €38,665 | €66,859 | +€28,194 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,665 | €66,859 | +€28,194 | +72.9% |
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 6 October 2026 via checked.be.