THE GOLDEN SHUTTLE: what changed
THE GOLDEN SHUTTLE
Largest movements
- Receivables within one year +€157,931
up €157,931 (+96.8%), from €163,202 to €321,133
of which Other amounts receivable: +€149,064
- Deferred charges and accrued income +€3,450
up €3,450 (+58.4%), from €5,908 to €9,358
- Profit (loss) carried forward +€123,298
up €123,298 (+44.8%), from -€275,356 to -€152,058
- Tax, wage and social debts +€34,384
up €34,384 (+452%), from €7,604 to €41,988
of which Taxes: +€34,249
- Other debts +€19,014
up €19,014 (+5.6%), from €337,901 to €356,914
- Trade debts -€16,130
down €16,130 (-70.7%), from €22,816 to €6,686
- Gross operating margin +€133,247
up €133,247, from -€2,239 to €131,008
- Other operating charges -€66,882
down €66,882 (-99.4%), from €67,269 to €387
- Write-downs +€50,633
no longer reported in 2024 (was -€50,633)
- Financial charges +€4,240
up €4,240 (+34.3%), from €12,345 to €16,585
- Financial income +€3,450
up €3,450 (+58.4%), from €5,908 to €9,358
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,194 | €330,578 | +€161,384 | +95.4% |
| Current assets | 29/58 | €169,194 | €330,578 | +€161,384 | +95.4% |
| Amounts receivable within one year | 40/41 | €163,202 | €321,133 | +€157,931 | +96.8% |
| Trade receivables | 40 | - | €8,867 | +€8,867 | |
| Other amounts receivable | 41 | €163,202 | €312,266 | +€149,064 | +91.3% |
| Cash at bank and in hand | 54/58 | €84 | €86 | +€3 | +3.2% |
| Deferred charges and accrued income | 490/1 | €5,908 | €9,358 | +€3,450 | +58.4% |
| Total equity and liabilities | 10/49 | €169,194 | €330,578 | +€161,384 | +95.4% |
| Equity | 10/15 | -€211,737 | -€88,439 | +€123,298 | +58.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €3,619 | €3,619 | = | 0.0% |
| Tax-exempt reserves | 132 | €309 | €309 | = | 0.0% |
| Distributable reserves | 133 | €3,310 | €3,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,356 | -€152,058 | +€123,298 | +44.8% |
| Amounts payable | 17/49 | €380,931 | €419,017 | +€38,087 | +10.0% |
| Amounts payable within one year | 42/48 | €368,321 | €405,588 | +€37,267 | +10.1% |
| Trade debts | 44 | €22,816 | €6,686 | -€16,130 | -70.7% |
| Suppliers | 440/4 | €22,816 | €6,686 | -€16,130 | -70.7% |
| Taxes, remuneration and social security | 45 | €7,604 | €41,988 | +€34,384 | +452% |
| Taxes | 450/3 | €7,604 | €41,854 | +€34,249 | +450% |
| Remuneration and social security | 454/9 | - | €134 | +€134 | |
| Other amounts payable | 47/48 | €337,901 | €356,914 | +€19,014 | +5.6% |
| Accrued charges and deferred income | 492/3 | €12,610 | €13,429 | +€820 | +6.5% |
| Non-recurring operating income | 76A | €696 | - | -€696 | |
| Remuneration, social security and pensions | 62 | €94 | €97 | +€3 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€50,633 | - | +€50,633 | |
| Other operating charges | 640/8 | €67,269 | €387 | -€66,882 | -99.4% |
| Non-recurring operating charges | 66A | €16,608 | - | -€16,608 | |
| Gross operating margin | 9900 | -€2,239 | €131,008 | +€133,247 | |
| Operating profit (loss) | 9901 | -€35,577 | €130,524 | +€166,102 | |
| Financial income | 75/76B | €5,908 | €9,358 | +€3,450 | +58.4% |
| Recurring financial income | 75 | €5,908 | €9,358 | +€3,450 | +58.4% |
| Financial charges | 65/66B | €12,345 | €16,585 | +€4,240 | +34.3% |
| Recurring financial charges | 65 | €12,345 | €16,585 | +€4,240 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,015 | €123,298 | +€165,312 | |
| Profit (loss) for the period | 9904 | -€42,015 | €123,298 | +€165,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,015 | €123,298 | +€165,312 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.