GOZAR: 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.
GOZAR
Largest movements
- Receivables within one year -€2,262
down €2,262 (-66.2%), from €3,417 to €1,156
of which Other amounts receivable: -€2,061
- Stocks and contracts -€539
down €539 (-9.5%), from €5,688 to €5,149
- Tax, wage and social debts -€2,970
down €2,970 (-13.4%), from €22,237 to €19,267
of which Remuneration and social security: -€2,603
- Trade debts -€654
down €654 (-5.3%), from €12,327 to €11,673
- Gross operating margin -€10,973
down €10,973 (-10.0%), from €109,590 to €98,617
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 | €38,838 | €35,572 | -€3,266 | -8.4% |
| Current assets | 29/58 | €38,838 | €35,572 | -€3,266 | -8.4% |
| Stocks and contracts in progress | 3 | €5,688 | €5,149 | -€539 | -9.5% |
| Stocks | 30/36 | €5,688 | €5,149 | -€539 | -9.5% |
| Amounts receivable within one year | 40/41 | €3,417 | €1,156 | -€2,262 | -66.2% |
| Trade receivables | 40 | €344 | €143 | -€200 | -58.3% |
| Other amounts receivable | 41 | €3,074 | €1,012 | -€2,061 | -67.1% |
| Cash at bank and in hand | 54/58 | €29,416 | €29,052 | -€364 | -1.2% |
| Deferred charges and accrued income | 490/1 | €316 | €215 | -€101 | -32.0% |
| Total equity and liabilities | 10/49 | €38,838 | €35,572 | -€3,266 | -8.4% |
| Equity | 10/15 | €4,273 | €4,631 | +€358 | +8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,987 | -€9,629 | +€358 | +3.6% |
| Amounts payable | 17/49 | €34,565 | €30,940 | -€3,624 | -10.5% |
| Amounts payable within one year | 42/48 | €34,565 | €30,940 | -€3,624 | -10.5% |
| Trade debts | 44 | €12,327 | €11,673 | -€654 | -5.3% |
| Suppliers | 440/4 | €12,327 | €11,673 | -€654 | -5.3% |
| Taxes, remuneration and social security | 45 | €22,237 | €19,267 | -€2,970 | -13.4% |
| Taxes | 450/3 | €5,598 | €5,231 | -€367 | -6.6% |
| Remuneration and social security | 454/9 | €16,639 | €14,036 | -€2,603 | -15.6% |
| Non-recurring operating income | 76A | - | €669 | +€669 | |
| Remuneration, social security and pensions | 62 | €98,853 | €98,165 | -€688 | -0.7% |
| Other operating charges | 640/8 | €720 | €741 | +€21 | +2.9% |
| Gross operating margin | 9900 | €109,590 | €98,617 | -€10,973 | -10.0% |
| Operating profit (loss) | 9901 | €10,016 | -€289 | -€10,305 | |
| Financial income | 75/76B | €685 | €705 | +€19 | +2.8% |
| Recurring financial income | 75 | €685 | €705 | +€19 | +2.8% |
| Financial charges | 65/66B | €46 | €57 | +€11 | +23.0% |
| Recurring financial charges | 65 | €46 | €57 | +€11 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €10,656 | €359 | -€10,297 | -96.6% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +48.0% |
| Profit (loss) for the period | 9904 | €10,655 | €358 | -€10,297 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,655 | €358 | -€10,297 | -96.6% |
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 10 October 2026 via checked.be.