The Gold Unit: 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.
The Gold Unit
Largest movements
- Cash +€50,671
up €50,671 (+95.6%), from €53,013 to €103,685
mainly Depreciation (+€46,575) and Debts after one year (+€25,061)
- Tangible fixed assets -€46,575
down €46,575 (-4.4%), from €1.1m to €1.0m
- Reserves -€33,113
down €33,113 (-4.4%), from €760,348 to €727,235
of which Distributable reserves: -€33,113
- Gross operating margin +€6,090
up €6,090 (+10.4%), from €58,650 to €64,740
- Other operating charges +€843
up €843 (+11.5%), from €7,346 to €8,188
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 | €2,930,225 | €2,935,143 | +€4,918 | +0.2% |
| Fixed assets | 21/28 | €2,876,423 | €2,829,848 | -€46,575 | -1.6% |
| Tangible fixed assets | 22/27 | €1,067,123 | €1,020,548 | -€46,575 | -4.4% |
| Land and buildings | 22 | €1,067,123 | €1,020,548 | -€46,575 | -4.4% |
| Financial fixed assets | 28 | €1,809,300 | €1,809,300 | = | 0.0% |
| Current assets | 29/58 | €53,802 | €105,295 | +€51,493 | +95.7% |
| Amounts receivable within one year | 40/41 | - | €430 | +€430 | |
| Other amounts receivable | 41 | - | €430 | +€430 | |
| Cash at bank and in hand | 54/58 | €53,013 | €103,685 | +€50,671 | +95.6% |
| Deferred charges and accrued income | 490/1 | €788 | €1,181 | +€392 | +49.7% |
| Total equity and liabilities | 10/49 | €2,930,225 | €2,935,143 | +€4,918 | +0.2% |
| Equity | 10/15 | €1,760,348 | €1,727,235 | -€33,113 | -1.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €760,348 | €727,235 | -€33,113 | -4.4% |
| 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 | €758,488 | €725,375 | -€33,113 | -4.4% |
| Amounts payable | 17/49 | €1,169,877 | €1,207,908 | +€38,032 | +3.3% |
| Amounts payable after more than one year | 17 | €1,045,544 | €1,070,605 | +€25,061 | +2.4% |
| Financial debts | 170/4 | €1,045,544 | €1,070,605 | +€25,061 | +2.4% |
| Amounts payable within one year | 42/48 | €124,333 | €137,303 | +€12,970 | +10.4% |
| Trade debts | 44 | €774 | €3,294 | +€2,520 | +325% |
| Suppliers | 440/4 | €774 | €3,294 | +€2,520 | +325% |
| Other amounts payable | 47/48 | €123,559 | €134,009 | +€10,451 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,475 | €46,575 | +€100 | +0.2% |
| Other operating charges | 640/8 | €7,346 | €8,188 | +€843 | +11.5% |
| Gross operating margin | 9900 | €58,650 | €64,740 | +€6,090 | +10.4% |
| Operating profit (loss) | 9901 | €4,829 | €9,976 | +€5,147 | +107% |
| Financial charges | 65/66B | €42,499 | €43,090 | +€591 | +1.4% |
| Recurring financial charges | 65 | €42,499 | €43,090 | +€591 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,670 | -€33,113 | +€4,556 | +12.1% |
| Profit (loss) for the period | 9904 | -€37,670 | -€33,113 | +€4,556 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,670 | -€33,113 | +€4,556 | +12.1% |
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 18 October 2026 via checked.be.