LE GOLF: 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.
LE GOLF
Largest movements
- Tangible fixed assets -€10,308
down €10,308 (-3.9%), from €266,952 to €256,645
- Deferred charges and accrued income +€7,760
up €7,760 (+7.9%), from €97,823 to €105,583
- Other debts +€4,530
up €4,530 (+1.3%), from €350,260 to €354,790
- Profit (loss) carried forward -€4,467
down €4,467 (-5.0%), from -€89,492 to -€93,959
- Gross operating margin +€822
up €822 (+16.1%), from €5,111 to €5,932
- Financial charges -€114
down €114 (-55.3%), from €206 to €92
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 | €364,993 | €362,428 | -€2,565 | -0.7% |
| Fixed assets | 21/28 | €266,952 | €256,645 | -€10,308 | -3.9% |
| Tangible fixed assets | 22/27 | €266,952 | €256,645 | -€10,308 | -3.9% |
| Land and buildings | 22 | €266,952 | €256,645 | -€10,308 | -3.9% |
| Current assets | 29/58 | €98,040 | €105,783 | +€7,743 | +7.9% |
| Amounts receivable within one year | 40/41 | €200 | €200 | = | 0.0% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17 | €0 | -€17 | -98.5% |
| Deferred charges and accrued income | 490/1 | €97,823 | €105,583 | +€7,760 | +7.9% |
| Total equity and liabilities | 10/49 | €364,993 | €362,428 | -€2,565 | -0.7% |
| Equity | 10/15 | €10,508 | €6,041 | -€4,467 | -42.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,492 | -€93,959 | -€4,467 | -5.0% |
| Amounts payable | 17/49 | €354,484 | €356,387 | +€1,903 | +0.5% |
| Amounts payable within one year | 42/48 | €354,484 | €356,387 | +€1,903 | +0.5% |
| Trade debts | 44 | €4,224 | €1,597 | -€2,627 | -62.2% |
| Suppliers | 440/4 | €4,224 | €1,597 | -€2,627 | -62.2% |
| Other amounts payable | 47/48 | €350,260 | €354,790 | +€4,530 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,308 | €10,308 | = | 0.0% |
| Gross operating margin | 9900 | €5,111 | €5,932 | +€822 | +16.1% |
| Operating profit (loss) | 9901 | -€5,197 | -€4,375 | +€822 | +15.8% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €206 | €92 | -€114 | -55.3% |
| Recurring financial charges | 65 | €206 | €92 | -€114 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,353 | -€4,467 | +€886 | +16.5% |
| Profit (loss) for the period | 9904 | -€5,353 | -€4,467 | +€886 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,353 | -€4,467 | +€886 | +16.5% |
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 17 October 2026 via checked.be.