GOUDEN KROON: 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 KROON
Largest movements
- Cash -€54,671
down €54,671 (-16.0%), from €340,770 to €286,099
mainly Debts after one year (-€57,235) and Contributions, distributions and other (-€46,922)
- Tangible fixed assets -€45,672
down €45,672 (-7.7%), from €592,071 to €546,399
of which Land and buildings: -€30,824
- Deferred charges and accrued income +€30,829
up €30,829 (+388%), from €7,950 to €38,779
- Receivables within one year -€13,897
down €13,897 (-69.6%), from €19,981 to €6,084
of which Trade receivables: -€15,326
- Debts after one year -€57,235
down €57,235 (-59.1%), from €96,926 to €39,691
- Accrued charges and deferred income -€14,299
down €14,299 (-100%), from €14,299 to €0
- Gross operating margin -€80,702
down €80,702 (-20.3%), from €397,172 to €316,470
- Taxes -€37,012
down €37,012 (-71.6%), from €51,659 to €14,647
- Staff costs +€35,851
up €35,851 (+29.1%), from €123,160 to €159,011
- Depreciation +€4,129
up €4,129 (+4.7%), from €88,261 to €92,390
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 | €984,359 | €901,238 | -€83,120 | -8.4% |
| Fixed assets | 21/28 | €592,071 | €546,399 | -€45,672 | -7.7% |
| Tangible fixed assets | 22/27 | €592,071 | €546,399 | -€45,672 | -7.7% |
| Land and buildings | 22 | €445,947 | €415,123 | -€30,824 | -6.9% |
| Plant, machinery and equipment | 23 | €78,080 | €64,401 | -€13,679 | -17.5% |
| Furniture and vehicles | 24 | €2,343 | €0 | -€2,343 | -100% |
| Leasing and similar rights | 25 | €65,701 | €66,875 | +€1,174 | +1.8% |
| Current assets | 29/58 | €392,288 | €354,839 | -€37,448 | -9.5% |
| Stocks and contracts in progress | 3 | €23,587 | €23,878 | +€291 | +1.2% |
| Stocks | 30/36 | €23,587 | €23,878 | +€291 | +1.2% |
| Amounts receivable within one year | 40/41 | €19,981 | €6,084 | -€13,897 | -69.6% |
| Trade receivables | 40 | €19,981 | €4,655 | -€15,326 | -76.7% |
| Other amounts receivable | 41 | - | €1,429 | +€1,429 | |
| Cash at bank and in hand | 54/58 | €340,770 | €286,099 | -€54,671 | -16.0% |
| Deferred charges and accrued income | 490/1 | €7,950 | €38,779 | +€30,829 | +388% |
| Total equity and liabilities | 10/49 | €984,359 | €901,238 | -€83,120 | -8.4% |
| Equity | 10/15 | €715,201 | €705,439 | -€9,762 | -1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €690,201 | €680,439 | -€9,762 | -1.4% |
| Distributable reserves | 133 | €690,201 | €680,439 | -€9,762 | -1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €269,158 | €195,799 | -€73,358 | -27.3% |
| Amounts payable after more than one year | 17 | €96,926 | €39,691 | -€57,235 | -59.1% |
| Financial debts | 170/4 | €96,926 | €39,691 | -€57,235 | -59.1% |
| Amounts payable within one year | 42/48 | €157,933 | €156,108 | -€1,824 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €68,641 | €74,444 | +€5,803 | +8.5% |
| Trade debts | 44 | €26,383 | €16,902 | -€9,480 | -35.9% |
| Suppliers | 440/4 | €26,383 | €16,902 | -€9,480 | -35.9% |
| Taxes, remuneration and social security | 45 | €46,215 | €47,383 | +€1,168 | +2.5% |
| Taxes | 450/3 | €30,262 | €30,170 | -€92 | -0.3% |
| Remuneration and social security | 454/9 | €15,954 | €17,213 | +€1,259 | +7.9% |
| Other amounts payable | 47/48 | €16,694 | €17,379 | +€686 | +4.1% |
| Accrued charges and deferred income | 492/3 | €14,299 | €0 | -€14,299 | -100% |
| Non-recurring operating income | 76A | €25,466 | €0 | -€25,466 | -100% |
| Remuneration, social security and pensions | 62 | €123,160 | €159,011 | +€35,851 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,261 | €92,390 | +€4,129 | +4.7% |
| Other operating charges | 640/8 | €5,812 | €6,128 | +€316 | +5.4% |
| Gross operating margin | 9900 | €397,172 | €316,470 | -€80,702 | -20.3% |
| Operating profit (loss) | 9901 | €179,939 | €58,941 | -€120,998 | -67.2% |
| Financial charges | 65/66B | €4,529 | €7,135 | +€2,606 | +57.5% |
| Recurring financial charges | 65 | €4,529 | €7,135 | +€2,606 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €175,410 | €51,806 | -€123,604 | -70.5% |
| Income taxes | 67/77 | €51,659 | €14,647 | -€37,012 | -71.6% |
| Profit (loss) for the period | 9904 | €123,751 | €37,159 | -€86,592 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,751 | €37,159 | -€86,592 | -70.0% |
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 31 October 2026 via checked.be.