GOUDEN HOEK: 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.
GOUDEN HOEK
Largest movements
- Receivables within one year +€46,527
up €46,527 (+13.6%), from €341,414 to €387,940
- Receivables after one year +€18,626
up €18,626 (+1.7%), from €1.1m to €1.1m
- Tax, wage and social debts +€109,204
up €109,204 (+419%), from €26,070 to €135,274
of which Remuneration and social security: +€109,204
- Other debts +€81,174
up €81,174 (+160%), from €50,679 to €131,853
- Profit (loss) carried forward -€73,732
down €73,732 (-44.8%), from €164,691 to €90,959
- Trade debts -€29,631
down €29,631 (-91.4%), from €32,405 to €2,774
- Staff costs +€118,413
up €118,413 (+1,474%), from €8,032 to €126,444
- Gross operating margin -€51,430
down €51,430 (-56.8%), from €90,484 to €39,055
- Taxes -€28,125
no longer reported in 2025 (was €28,125)
- Depreciation +€1,529
up €1,529 (+55.0%), from €2,779 to €4,308
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 | €1,483,975 | €1,570,990 | +€87,015 | +5.9% |
| Fixed assets | 21/28 | €32,439 | €40,801 | +€8,362 | +25.8% |
| Tangible fixed assets | 22/27 | €31,149 | €39,511 | +€8,362 | +26.8% |
| Plant, machinery and equipment | 23 | €31,149 | €39,511 | +€8,362 | +26.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €1,451,536 | €1,530,189 | +€78,653 | +5.4% |
| Amounts receivable after more than one year | 29 | €1,082,928 | €1,101,555 | +€18,626 | +1.7% |
| Other amounts receivable | 291 | €1,082,928 | €1,101,555 | +€18,626 | +1.7% |
| Amounts receivable within one year | 40/41 | €341,414 | €387,940 | +€46,527 | +13.6% |
| Other amounts receivable | 41 | €341,414 | €387,940 | +€46,527 | +13.6% |
| Cash at bank and in hand | 54/58 | €27,194 | €40,694 | +€13,500 | +49.6% |
| Total equity and liabilities | 10/49 | €1,483,975 | €1,570,990 | +€87,015 | +5.9% |
| Equity | 10/15 | €655,151 | €581,419 | -€73,732 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €471,860 | €471,860 | = | 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 | €470,000 | €470,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,691 | €90,959 | -€73,732 | -44.8% |
| Amounts payable | 17/49 | €828,824 | €989,571 | +€160,747 | +19.4% |
| Amounts payable after more than one year | 17 | €719,670 | €719,670 | = | 0.0% |
| Other amounts payable | 178/9 | €719,670 | €719,670 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,154 | €269,901 | +€160,747 | +147% |
| Trade debts | 44 | €32,405 | €2,774 | -€29,631 | -91.4% |
| Suppliers | 440/4 | €32,405 | €2,774 | -€29,631 | -91.4% |
| Taxes, remuneration and social security | 45 | €26,070 | €135,274 | +€109,204 | +419% |
| Taxes | 450/3 | €26,070 | €26,070 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €109,204 | +€109,204 | |
| Other amounts payable | 47/48 | €50,679 | €131,853 | +€81,174 | +160% |
| Remuneration, social security and pensions | 62 | €8,032 | €126,444 | +€118,413 | +1,474% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779 | €4,308 | +€1,529 | +55.0% |
| Other operating charges | 640/8 | €1,368 | €575 | -€793 | -58.0% |
| Gross operating margin | 9900 | €90,484 | €39,055 | -€51,430 | -56.8% |
| Operating profit (loss) | 9901 | €78,306 | -€92,273 | -€170,578 | |
| Financial income | 75/76B | €18,298 | €18,626 | +€328 | +1.8% |
| Recurring financial income | 75 | €18,298 | €18,626 | +€328 | +1.8% |
| Financial charges | 65/66B | €74 | €86 | +€13 | +17.1% |
| Recurring financial charges | 65 | €74 | €86 | +€13 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €96,531 | -€73,732 | -€170,263 | |
| Income taxes | 67/77 | €28,125 | - | -€28,125 | |
| Profit (loss) for the period | 9904 | €68,405 | -€73,732 | -€142,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,405 | -€73,732 | -€142,137 |
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 25 October 2026 via checked.be.