TheGo: 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.
TheGo
Largest movements
- Receivables after one year +€140,540
up €140,540 (+178%), from €79,000 to €219,540
- Cash +€56,529
up €56,529 (+598%), from €9,460 to €65,989
mainly Net result for the year (+€85,037) and Accrued charges and deferred income (+€49,164)
- Receivables within one year -€11,015
down €11,015 (-25.4%), from €43,442 to €32,427
of which Trade receivables: -€11,015
- Profit (loss) carried forward +€85,037
up €85,037 (+73.1%), from €116,370 to €201,407
- Accrued charges and deferred income +€49,164
new in 2025: €49,164
- Trade debts +€22,313
up €22,313 (+1,184%), from €1,884 to €24,197
- Tax, wage and social debts +€20,378
up €20,378 (+71.1%), from €28,658 to €49,036
- Other debts +€3,653
up €3,653 (+120%), from €3,056 to €6,709
- Gross operating margin +€77,174
up €77,174 (+142%), from €54,212 to €131,386
- Taxes +€11,690
up €11,690 (+95.1%), from €12,292 to €23,982
- Other operating charges +€10,421
up €10,421 (+2,400%), from €434 to €10,855
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 | €170,429 | €350,974 | +€180,545 | +106% |
| Fixed assets | 21/28 | €36,334 | €33,018 | -€3,316 | -9.1% |
| Intangible fixed assets | 21 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Tangible fixed assets | 22/27 | €24,334 | €24,018 | -€316 | -1.3% |
| Furniture and vehicles | 24 | €20,190 | €18,577 | -€1,613 | -8.0% |
| Other tangible fixed assets | 26 | €4,144 | €5,441 | +€1,297 | +31.3% |
| Current assets | 29/58 | €134,095 | €317,956 | +€183,861 | +137% |
| Amounts receivable after more than one year | 29 | €79,000 | €219,540 | +€140,540 | +178% |
| Other amounts receivable | 291 | €79,000 | €219,540 | +€140,540 | +178% |
| Amounts receivable within one year | 40/41 | €43,442 | €32,427 | -€11,015 | -25.4% |
| Trade receivables | 40 | €42,920 | €31,905 | -€11,015 | -25.7% |
| Other amounts receivable | 41 | €522 | €522 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,460 | €65,989 | +€56,529 | +598% |
| Deferred charges and accrued income | 490/1 | €2,193 | - | -€2,193 | |
| Total equity and liabilities | 10/49 | €170,429 | €350,974 | +€180,545 | +106% |
| Equity | 10/15 | €136,830 | €221,867 | +€85,037 | +62.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,370 | €201,407 | +€85,037 | +73.1% |
| Amounts payable | 17/49 | €33,598 | €129,107 | +€95,509 | +284% |
| Amounts payable within one year | 42/48 | €33,598 | €79,943 | +€46,345 | +138% |
| Trade debts | 44 | €1,884 | €24,197 | +€22,313 | +1,184% |
| Suppliers | 440/4 | €1,884 | €24,197 | +€22,313 | +1,184% |
| Taxes, remuneration and social security | 45 | €28,658 | €49,036 | +€20,378 | +71.1% |
| Taxes | 450/3 | €28,658 | €49,036 | +€20,378 | +71.1% |
| Other amounts payable | 47/48 | €3,056 | €6,709 | +€3,653 | +120% |
| Accrued charges and deferred income | 492/3 | - | €49,164 | +€49,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,260 | €10,451 | +€1,190 | +12.9% |
| Other operating charges | 640/8 | €434 | €10,855 | +€10,421 | +2,400% |
| Gross operating margin | 9900 | €54,212 | €131,386 | +€77,174 | +142% |
| Operating profit (loss) | 9901 | €44,517 | €110,080 | +€65,563 | +147% |
| Financial income | 75/76B | €3 | €46 | +€43 | +1,474% |
| Recurring financial income | 75 | €3 | €46 | +€43 | +1,474% |
| Financial charges | 65/66B | €1,190 | €1,108 | -€82 | -6.9% |
| Recurring financial charges | 65 | €1,190 | €1,108 | -€82 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €43,331 | €109,019 | +€65,688 | +152% |
| Income taxes | 67/77 | €12,292 | €23,982 | +€11,690 | +95.1% |
| Profit (loss) for the period | 9904 | €31,038 | €85,037 | +€53,998 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €31,038 | €85,037 | +€53,998 | +174% |
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 20 October 2026 via checked.be.