JOHN GOLF STORE: 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.
JOHN GOLF STORE
Largest movements
- Stocks and contracts +€93,062
up €93,062 (+1806.2%), from €5,152 to €98,215
- Cash -€9,357
down €9,357 (-68.2%), from €13,722 to €4,365
mainly Stocks and contracts (-€93,062) and Other debts (-€6,480)
- Profit (loss) carried forward +€76,818
up €76,818 (+58.0%), from -€132,449 to -€55,631
- Trade debts +€14,156
up €14,156 (+118.2%), from €11,972 to €26,127
- Other debts -€6,480
down €6,480 (-9.0%), from €72,223 to €65,743
- Tax, wage and social debts -€2,399
down €2,399 (-10.4%), from €22,984 to €20,584
- Gross operating margin +€112,606
up €112,606, from -€28,992 to €83,615
- Financial charges -€6,827
down €6,827 (-51.3%), from €13,306 to €6,479
of which Non-recurring financial charges: -€7,072
- Other operating charges -€2,034
down €2,034 (-95.3%), from €2,135 to €101
- Financial income +€1,411
up €1,411 (+1128.5%), from €125 to €1,536
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 | €24,730 | €106,824 | +€82,094 | +332.0% |
| Formation expenses | 20 | €116 | - | -€116 | |
| Fixed assets | 21/28 | €5,054 | €3,559 | -€1,495 | -29.6% |
| Intangible fixed assets | 21 | €1,212 | €724 | -€488 | -40.3% |
| Tangible fixed assets | 22/27 | €3,841 | €2,835 | -€1,007 | -26.2% |
| Furniture and vehicles | 24 | €294 | - | -€294 | |
| Other tangible fixed assets | 26 | €3,548 | €2,835 | -€713 | -20.1% |
| Current assets | 29/58 | €19,560 | €103,265 | +€83,705 | +427.9% |
| Stocks and contracts in progress | 3 | €5,152 | €98,215 | +€93,062 | +1806.2% |
| Stocks | 30/36 | €5,152 | €98,215 | +€93,062 | +1806.2% |
| Cash at bank and in hand | 54/58 | €13,722 | €4,365 | -€9,357 | -68.2% |
| Deferred charges and accrued income | 490/1 | €686 | €686 | = | 0.0% |
| Total equity and liabilities | 10/49 | €24,730 | €106,824 | +€82,094 | +332.0% |
| Equity | 10/15 | -€82,449 | -€5,631 | +€76,818 | +93.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,449 | -€55,631 | +€76,818 | +58.0% |
| Amounts payable | 17/49 | €107,179 | €112,455 | +€5,276 | +4.9% |
| Amounts payable within one year | 42/48 | €107,179 | €112,455 | +€5,276 | +4.9% |
| Trade debts | 44 | €11,972 | €26,127 | +€14,156 | +118.2% |
| Suppliers | 440/4 | €11,972 | €26,127 | +€14,156 | +118.2% |
| Taxes, remuneration and social security | 45 | €22,984 | €20,584 | -€2,399 | -10.4% |
| Taxes | 450/3 | €22,984 | €20,584 | -€2,399 | -10.4% |
| Other amounts payable | 47/48 | €72,223 | €65,743 | -€6,480 | -9.0% |
| Remuneration, social security and pensions | 62 | €394 | - | -€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,431 | €1,611 | -€820 | -33.7% |
| Other operating charges | 640/8 | €2,135 | €101 | -€2,034 | -95.3% |
| Gross operating margin | 9900 | -€28,992 | €83,615 | +€112,606 | |
| Operating profit (loss) | 9901 | -€33,951 | €81,903 | +€115,854 | |
| Financial income | 75/76B | €125 | €1,536 | +€1,411 | +1128.5% |
| Recurring financial income | 75 | €125 | €1,536 | +€1,411 | +1128.5% |
| Financial charges | 65/66B | €13,306 | €6,479 | -€6,827 | -51.3% |
| Recurring financial charges | 65 | €6,234 | €6,479 | +€245 | +3.9% |
| Non-recurring financial charges | 66B | €7,072 | - | -€7,072 | |
| Profit (loss) for the period before taxes | 9903 | -€47,132 | €76,959 | +€124,091 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€47,272 | €76,818 | +€124,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,272 | €76,818 | +€124,090 |
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 6 October 2026 via checked.be.