GoZa: 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.
GoZa
Largest movements
- Receivables within one year -€100,164
down €100,164 (-61.8%), from €162,050 to €61,886
of which Trade receivables: -€105,576
- Cash +€67,503
up €67,503 (+1556.1%), from €4,338 to €71,841
mainly Receivables within one year (+€100,164) and Net result for the year (+€58,748)
- Tangible fixed assets -€7,284
down €7,284 (-11.1%), from €65,399 to €58,115
of which Furniture and vehicles: -€7,363
- Stocks and contracts -€2,463
down €2,463 (-23.4%), from €10,537 to €8,074
- Trade debts -€95,722
down €95,722 (-69.3%), from €138,167 to €42,445
- Profit (loss) carried forward +€58,748
up €58,748 (+186.8%), from €31,454 to €90,202
- Other debts -€23,596
down €23,596 (-78.0%), from €30,243 to €6,647
- Tax, wage and social debts +€16,707
up €16,707 (+143.7%), from €11,630 to €28,337
of which Taxes: +€15,747
- Current portion of long-term debt +€2,478
up €2,478 (+31.1%), from €7,974 to €10,452
- Gross operating margin +€70,959
up €70,959 (+196.3%), from €36,154 to €107,113
- Taxes +€19,168
up €19,168 (+345.0%), from €5,556 to €24,724
- Depreciation +€9,109
up €9,109 (+83.2%), from €10,953 to €20,062
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 | €243,877 | €202,395 | -€41,482 | -17.0% |
| Fixed assets | 21/28 | €65,399 | €58,115 | -€7,284 | -11.1% |
| Tangible fixed assets | 22/27 | €65,399 | €58,115 | -€7,284 | -11.1% |
| Plant, machinery and equipment | 23 | €2,185 | €2,264 | +€79 | +3.6% |
| Furniture and vehicles | 24 | €63,214 | €55,851 | -€7,363 | -11.6% |
| Current assets | 29/58 | €178,478 | €144,279 | -€34,199 | -19.2% |
| Stocks and contracts in progress | 3 | €10,537 | €8,074 | -€2,463 | -23.4% |
| Stocks | 30/36 | €10,537 | €8,074 | -€2,463 | -23.4% |
| Amounts receivable within one year | 40/41 | €162,050 | €61,886 | -€100,164 | -61.8% |
| Trade receivables | 40 | €157,250 | €51,674 | -€105,576 | -67.1% |
| Other amounts receivable | 41 | €4,800 | €10,212 | +€5,412 | +112.7% |
| Cash at bank and in hand | 54/58 | €4,338 | €71,841 | +€67,503 | +1556.1% |
| Deferred charges and accrued income | 490/1 | €1,553 | €2,478 | +€925 | +59.6% |
| Total equity and liabilities | 10/49 | €243,877 | €202,395 | -€41,482 | -17.0% |
| Equity | 10/15 | €34,454 | €93,202 | +€58,748 | +170.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,454 | €90,202 | +€58,748 | +186.8% |
| Amounts payable | 17/49 | €209,423 | €109,193 | -€100,230 | -47.9% |
| Amounts payable after more than one year | 17 | €21,409 | €21,311 | -€98 | -0.5% |
| Financial debts | 170/4 | €21,409 | €21,311 | -€98 | -0.5% |
| Amounts payable within one year | 42/48 | €188,014 | €87,882 | -€100,132 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €7,974 | €10,452 | +€2,478 | +31.1% |
| Trade debts | 44 | €138,167 | €42,445 | -€95,722 | -69.3% |
| Suppliers | 440/4 | €138,167 | €42,445 | -€95,722 | -69.3% |
| Taxes, remuneration and social security | 45 | €11,630 | €28,337 | +€16,707 | +143.7% |
| Taxes | 450/3 | €9,710 | €25,457 | +€15,747 | +162.2% |
| Remuneration and social security | 454/9 | €1,920 | €2,880 | +€960 | +50.0% |
| Other amounts payable | 47/48 | €30,243 | €6,647 | -€23,596 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,953 | €20,062 | +€9,109 | +83.2% |
| Other operating charges | 640/8 | €3,172 | €2,361 | -€811 | -25.6% |
| Gross operating margin | 9900 | €36,154 | €107,113 | +€70,959 | +196.3% |
| Operating profit (loss) | 9901 | €22,029 | €84,690 | +€62,662 | +284.5% |
| Financial income | 75/76B | €156 | €856 | +€700 | +449.1% |
| Recurring financial income | 75 | €156 | €856 | +€700 | +449.1% |
| Financial charges | 65/66B | €1,146 | €2,074 | +€928 | +81.0% |
| Recurring financial charges | 65 | €1,146 | €2,074 | +€928 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €21,038 | €83,472 | +€62,434 | +296.8% |
| Income taxes | 67/77 | €5,556 | €24,724 | +€19,168 | +345.0% |
| Profit (loss) for the period | 9904 | €15,482 | €58,748 | +€43,266 | +279.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,482 | €58,748 | +€43,266 | +279.5% |
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 3 October 2026 via checked.be.