GOUD999 SAFE: 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.
GOUD999 SAFE
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+188%), from €1.1m to €3.2m
of which Trade receivables: +€2.1m
- Stocks and contracts +€713,801
up €713,801 (+45.5%), from €1.6m to €2.3m
- Cash +€483,004
up €483,004 (+48.3%), from €999,960 to €1.5m
mainly Net result for the year (+€4.5m) and Tax, wage and social debts (+€903,619)
- Profit (loss) carried forward +€4.5m
up €4.5m (+250%), from €1.8m to €6.2m
- Other debts -€1.8m
down €1.8m (-100%), from €1.8m to €0
- Tax, wage and social debts +€903,619
up €903,619 (+2,173%), from €41,592 to €945,211
of which Taxes: +€841,496
- Short-term financial debts -€194,959
down €194,959 (-66.5%), from €293,061 to €98,102
- Gross operating margin +€4.0m
up €4.0m (+137%), from €2.9m to €6.8m
- Taxes +€938,543
up €938,543 (+155%), from €606,592 to €1.5m
- Staff costs +€408,841
up €408,841 (+327%), from €125,000 to €533,841
- Depreciation +€69,327
up €69,327 (+29.5%), from €234,774 to €304,101
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.
Derived cash bridge
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 | €4,416,418 | €7,748,718 | +€3.3m | +75.5% |
| Fixed assets | 21/28 | €747,499 | €807,140 | +€59,640 | +8.0% |
| Intangible fixed assets | 21 | €444,435 | €491,666 | +€47,231 | +10.6% |
| Tangible fixed assets | 22/27 | €149,869 | €162,278 | +€12,409 | +8.3% |
| Land and buildings | 22 | €145,931 | €136,963 | -€8,968 | -6.1% |
| Furniture and vehicles | 24 | €3,938 | €25,315 | +€21,377 | +543% |
| Financial fixed assets | 28 | €153,196 | €153,196 | = | 0.0% |
| Current assets | 29/58 | €3,668,918 | €6,941,578 | +€3.3m | +89.2% |
| Stocks and contracts in progress | 3 | €1,570,199 | €2,284,000 | +€713,801 | +45.5% |
| Stocks | 30/36 | €1,570,199 | €2,284,000 | +€713,801 | +45.5% |
| Amounts receivable within one year | 40/41 | €1,098,760 | €3,160,228 | +€2.1m | +188% |
| Trade receivables | 40 | €1,022,504 | €3,075,451 | +€2.1m | +201% |
| Other amounts receivable | 41 | €76,256 | €84,778 | +€8,521 | +11.2% |
| Cash at bank and in hand | 54/58 | €999,960 | €1,482,964 | +€483,004 | +48.3% |
| Deferred charges and accrued income | 490/1 | - | €14,386 | +€14,386 | |
| Total equity and liabilities | 10/49 | €4,416,418 | €7,748,718 | +€3.3m | +75.5% |
| Equity | 10/15 | €1,802,185 | €6,260,919 | +€4.5m | +247% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,781,725 | €6,240,459 | +€4.5m | +250% |
| Amounts payable | 17/49 | €2,614,233 | €1,487,798 | -€1.1m | -43.1% |
| Amounts payable after more than one year | 17 | €140,260 | €125,478 | -€14,781 | -10.5% |
| Financial debts | 170/4 | €140,260 | €125,478 | -€14,781 | -10.5% |
| Amounts payable within one year | 42/48 | €2,472,473 | €1,362,320 | -€1.1m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €14,589 | €14,781 | +€192 | +1.3% |
| Financial debts | 43 | €293,061 | €98,102 | -€194,959 | -66.5% |
| Credit institutions | 430/8 | €293,061 | €98,102 | -€194,959 | -66.5% |
| Trade debts | 44 | €271,638 | €304,226 | +€32,588 | +12.0% |
| Suppliers | 440/4 | €271,638 | €304,226 | +€32,588 | +12.0% |
| Advances received on contracts in progress | 46 | €31,592 | €0 | -€31,592 | -100% |
| Taxes, remuneration and social security | 45 | €41,592 | €945,211 | +€903,619 | +2,173% |
| Taxes | 450/3 | €41,592 | €883,088 | +€841,496 | +2,023% |
| Remuneration and social security | 454/9 | - | €62,123 | +€62,123 | |
| Other amounts payable | 47/48 | €1,820,000 | €0 | -€1.8m | -100% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Remuneration, social security and pensions | 62 | €125,000 | €533,841 | +€408,841 | +327% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,774 | €304,101 | +€69,327 | +29.5% |
| Other operating charges | 640/8 | €53,861 | €3,864 | -€49,997 | -92.8% |
| Gross operating margin | 9900 | €2,885,473 | €6,837,550 | +€4.0m | +137% |
| Operating profit (loss) | 9901 | €2,471,838 | €5,995,744 | +€3.5m | +143% |
| Financial income | 75/76B | €71,086 | €112,869 | +€41,783 | +58.8% |
| Recurring financial income | 75 | €71,086 | €112,869 | +€41,783 | +58.8% |
| Financial charges | 65/66B | €114,178 | €104,743 | -€9,435 | -8.3% |
| Recurring financial charges | 65 | €114,178 | €104,743 | -€9,435 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €2,428,746 | €6,003,870 | +€3.6m | +147% |
| Income taxes | 67/77 | €606,592 | €1,545,136 | +€938,543 | +155% |
| Profit (loss) for the period | 9904 | €1,822,154 | €4,458,734 | +€2.6m | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €1,822,154 | €4,458,734 | +€2.6m | +145% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.