GOZEN: 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.
GOZEN
Largest movements
- Receivables within one year +€388,930
up €388,930 (+58.4%), from €665,533 to €1.1m
of which Trade receivables: +€491,555
- Deferred charges and accrued income -€101,178
down €101,178 (-97.2%), from €104,086 to €2,909
- Other debts +€216,760
up €216,760 (+921.8%), from €23,515 to €240,275
- Profit (loss) carried forward -€115,943
no longer reported in 2025 (was €115,943)
- Reserves +€85,607
up €85,607 (+463.5%), from €18,470 to €104,077
of which Distributable reserves: +€85,607
- Trade debts +€70,680
up €70,680 (+12.6%), from €560,451 to €631,132
- Tax, wage and social debts +€29,065
up €29,065 (+78.8%), from €36,893 to €65,959
of which Taxes: +€27,240
- Gross operating margin +€297,370
up €297,370 (+85.8%), from €346,448 to €643,818
- Staff costs +€58,804
up €58,804 (+19.3%), from €304,314 to €363,118
- Taxes +€51,182
up €51,182 (+424.4%), from €12,058 to €63,240
- Financial charges +€9,969
up €9,969 (+50.6%), from €19,717 to €29,687
- Financial income +€8,097
up €8,097 (+779.8%), from €1,038 to €9,135
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 | €837,689 | €1,101,544 | +€263,855 | +31.5% |
| Fixed assets | 21/28 | €53,759 | €43,112 | -€10,648 | -19.8% |
| Tangible fixed assets | 22/27 | €50,389 | €39,742 | -€10,648 | -21.1% |
| Plant, machinery and equipment | 23 | €16,062 | €8,150 | -€7,912 | -49.3% |
| Furniture and vehicles | 24 | €34,327 | €31,591 | -€2,736 | -8.0% |
| Financial fixed assets | 28 | €3,370 | €3,370 | = | 0.0% |
| Current assets | 29/58 | €783,929 | €1,058,432 | +€274,503 | +35.0% |
| Amounts receivable after more than one year | 29 | €9,316 | - | -€9,316 | |
| Other amounts receivable | 291 | €9,316 | - | -€9,316 | |
| Amounts receivable within one year | 40/41 | €665,533 | €1,054,463 | +€388,930 | +58.4% |
| Trade receivables | 40 | €458,979 | €950,534 | +€491,555 | +107.1% |
| Other amounts receivable | 41 | €206,554 | €103,929 | -€102,625 | -49.7% |
| Cash at bank and in hand | 54/58 | €4,994 | €1,061 | -€3,933 | -78.8% |
| Deferred charges and accrued income | 490/1 | €104,086 | €2,909 | -€101,178 | -97.2% |
| Total equity and liabilities | 10/49 | €837,689 | €1,101,544 | +€263,855 | +31.5% |
| Equity | 10/15 | €152,963 | €122,627 | -€30,336 | -19.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,470 | €104,077 | +€85,607 | +463.5% |
| 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 | €16,610 | €102,217 | +€85,607 | +515.4% |
| Profit (loss) carried forward | 14 | €115,943 | - | -€115,943 | |
| Amounts payable | 17/49 | €684,725 | €978,917 | +€294,192 | +43.0% |
| Amounts payable after more than one year | 17 | €12,319 | €1,480 | -€10,840 | -88.0% |
| Financial debts | 170/4 | €12,319 | €1,480 | -€10,840 | -88.0% |
| Amounts payable within one year | 42/48 | €672,406 | €961,023 | +€288,617 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €49,933 | €22,956 | -€26,977 | -54.0% |
| Financial debts | 43 | €1,614 | €702 | -€912 | -56.5% |
| Credit institutions | 430/8 | €1,614 | €702 | -€912 | -56.5% |
| Trade debts | 44 | €560,451 | €631,132 | +€70,680 | +12.6% |
| Suppliers | 440/4 | €560,451 | €631,132 | +€70,680 | +12.6% |
| Taxes, remuneration and social security | 45 | €36,893 | €65,959 | +€29,065 | +78.8% |
| Taxes | 450/3 | €3,442 | €30,682 | +€27,240 | +791.4% |
| Remuneration and social security | 454/9 | €33,452 | €35,277 | +€1,825 | +5.5% |
| Other amounts payable | 47/48 | €23,515 | €240,275 | +€216,760 | +921.8% |
| Accrued charges and deferred income | 492/3 | - | €16,414 | +€16,414 | |
| Non-recurring operating income | 76A | €45,254 | €33,205 | -€12,049 | -26.6% |
| Remuneration, social security and pensions | 62 | €304,314 | €363,118 | +€58,804 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,358 | €19,639 | +€1,281 | +7.0% |
| Other operating charges | 640/8 | €1,303 | €7,606 | +€6,303 | +483.8% |
| Gross operating margin | 9900 | €346,448 | €643,818 | +€297,370 | +85.8% |
| Operating profit (loss) | 9901 | €22,473 | €253,455 | +€230,982 | +1027.8% |
| Financial income | 75/76B | €1,038 | €9,135 | +€8,097 | +779.8% |
| Recurring financial income | 75 | €1,038 | €9,135 | +€8,097 | +779.8% |
| Financial charges | 65/66B | €19,717 | €29,687 | +€9,969 | +50.6% |
| Recurring financial charges | 65 | €19,717 | €29,687 | +€9,969 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €3,794 | €232,904 | +€229,110 | +6038.5% |
| Income taxes | 67/77 | €12,058 | €63,240 | +€51,182 | +424.4% |
| Profit (loss) for the period | 9904 | -€8,264 | €169,664 | +€177,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,264 | €169,664 | +€177,928 |
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.