THOMAS GOLINVAUX: what changed
THOMAS GOLINVAUX
Largest movements
- Cash -€45,100
down €45,100 (-53.9%), from €83,637 to €38,537
mainly Other debts (-€80,628) and Tax, wage and social debts (-€34,722)
- Current investments +€12,721
up €12,721 (+30.0%), from €42,359 to €55,080
- Receivables within one year +€3,398
new in 2025: €3,398
- Financial fixed assets -€2,000
down €2,000 (-100%), from €2,000 to €0
- Other debts -€80,628
down €80,628 (-88.8%), from €90,823 to €10,195
- Profit (loss) carried forward +€79,827
up €79,827 (+3,666%), from €2,177 to €82,004
- Tax, wage and social debts -€34,722
down €34,722 (-85.0%), from €40,868 to €6,147
of which Taxes: -€34,722
- Trade debts +€2,680
up €2,680, from €0 to €2,680
- Other operating charges +€2,020
up €2,020 (+327%), from €618 to €2,638
- Gross operating margin +€1,704
up €1,704 (+1.7%), from €102,679 to €104,383
- Financial income -€1,396
down €1,396 (-87.6%), from €1,593 to €197
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,869 | €104,809 | -€32,060 | -23.4% |
| Fixed assets | 21/28 | €2,360 | €0 | -€2,360 | -100% |
| Tangible fixed assets | 22/27 | €360 | €0 | -€360 | -100% |
| Furniture and vehicles | 24 | €360 | €0 | -€360 | -100% |
| Financial fixed assets | 28 | €2,000 | €0 | -€2,000 | -100% |
| Current assets | 29/58 | €134,509 | €104,809 | -€29,700 | -22.1% |
| Amounts receivable within one year | 40/41 | - | €3,398 | +€3,398 | |
| Other amounts receivable | 41 | - | €3,398 | +€3,398 | |
| Current investments | 50/53 | €42,359 | €55,080 | +€12,721 | +30.0% |
| Cash at bank and in hand | 54/58 | €83,637 | €38,537 | -€45,100 | -53.9% |
| Deferred charges and accrued income | 490/1 | €8,513 | €7,794 | -€720 | -8.5% |
| Total equity and liabilities | 10/49 | €136,869 | €104,809 | -€32,060 | -23.4% |
| Equity | 10/15 | €5,177 | €85,004 | +€79,827 | +1,542% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,177 | €82,004 | +€79,827 | +3,666% |
| Amounts payable | 17/49 | €131,692 | €19,804 | -€111,887 | -85.0% |
| Amounts payable within one year | 42/48 | €131,692 | €19,022 | -€112,669 | -85.6% |
| Trade debts | 44 | €0 | €2,680 | +€2,680 | |
| Suppliers | 440/4 | €0 | €2,680 | +€2,680 | |
| Taxes, remuneration and social security | 45 | €40,868 | €6,147 | -€34,722 | -85.0% |
| Taxes | 450/3 | €38,668 | €3,947 | -€34,722 | -89.8% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €90,823 | €10,195 | -€80,628 | -88.8% |
| Accrued charges and deferred income | 492/3 | - | €782 | +€782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €360 | -€261 | -42.1% |
| Other operating charges | 640/8 | €618 | €2,638 | +€2,020 | +327% |
| Gross operating margin | 9900 | €102,679 | €104,383 | +€1,704 | +1.7% |
| Operating profit (loss) | 9901 | €101,440 | €101,385 | -€55 | -0.1% |
| Financial income | 75/76B | €1,593 | €197 | -€1,396 | -87.6% |
| Recurring financial income | 75 | €1,593 | €197 | -€1,396 | -87.6% |
| Financial charges | 65/66B | €198 | €94 | -€104 | -52.5% |
| Recurring financial charges | 65 | €198 | €94 | -€104 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €102,834 | €101,488 | -€1,346 | -1.3% |
| Income taxes | 67/77 | €21,689 | €21,661 | -€28 | -0.1% |
| Profit (loss) for the period | 9904 | €81,145 | €79,827 | -€1,318 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,145 | €79,827 | -€1,318 | -1.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.