VISUAL.GOOLFY.BE: what changed
Two fiscal 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.
VISUAL.GOOLFY.BE
Largest movements
- Receivables within one year +€101,906
up €101,906 (+101.2%), from €100,666 to €202,572
of which Trade receivables: +€84,087
- Cash +€21,826
up €21,826 (+47.8%), from €45,693 to €67,519
mainly Depreciation (+€99,066) and Current portion of long-term debt (+€53,794)
- Tangible fixed assets +€11,545
up €11,545 (+2.4%), from €490,856 to €502,402
of which Plant, machinery and equipment: +€33,756
- Current portion of long-term debt +€53,794
up €53,794 (+56.9%), from €94,515 to €148,308
- Profit (loss) carried forward +€37,801
up €37,801 (+15.8%), from €238,538 to €276,338
- Debts after one year +€36,806
up €36,806 (+22.7%), from €161,950 to €198,756
- Trade debts +€26,808
up €26,808 (+88.8%), from €30,181 to €56,989
- Gross operating margin -€50,381
down €50,381 (-13.7%), from €368,433 to €318,052
- Staff costs +€21,040
up €21,040 (+17.2%), from €122,268 to €143,307
- Taxes -€14,346
down €14,346 (-53.7%), from €26,702 to €12,356
- Depreciation +€12,030
up €12,030 (+13.8%), from €87,036 to €99,066
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.
Cash bridge derived
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 | €660,445 | €803,860 | +€143,415 | +21.7% |
| Fixed assets | 21/28 | €491,472 | €510,731 | +€19,260 | +3.9% |
| Intangible fixed assets | 21 | - | €7,714 | +€7,714 | |
| Tangible fixed assets | 22/27 | €490,856 | €502,402 | +€11,545 | +2.4% |
| Land and buildings | 22 | €407,367 | €387,851 | -€19,517 | -4.8% |
| Plant, machinery and equipment | 23 | €73,551 | €107,308 | +€33,756 | +45.9% |
| Furniture and vehicles | 24 | €9,938 | €7,244 | -€2,694 | -27.1% |
| Financial fixed assets | 28 | €615 | €615 | = | 0.0% |
| Current assets | 29/58 | €168,973 | €293,128 | +€124,155 | +73.5% |
| Stocks and contracts in progress | 3 | €7,477 | €7,477 | = | 0.0% |
| Stocks | 30/36 | €7,477 | €7,477 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,666 | €202,572 | +€101,906 | +101.2% |
| Trade receivables | 40 | €9,058 | €93,145 | +€84,087 | +928.3% |
| Other amounts receivable | 41 | €91,607 | €109,427 | +€17,819 | +19.5% |
| Cash at bank and in hand | 54/58 | €45,693 | €67,519 | +€21,826 | +47.8% |
| Deferred charges and accrued income | 490/1 | €15,138 | €15,561 | +€423 | +2.8% |
| Total equity and liabilities | 10/49 | €660,445 | €803,860 | +€143,415 | +21.7% |
| Equity | 10/15 | €304,538 | €342,338 | +€37,801 | +12.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,538 | €276,338 | +€37,801 | +15.8% |
| Amounts payable | 17/49 | €355,907 | €461,521 | +€105,614 | +29.7% |
| Amounts payable after more than one year | 17 | €161,950 | €198,756 | +€36,806 | +22.7% |
| Financial debts | 170/4 | €161,950 | €198,756 | +€36,806 | +22.7% |
| Amounts payable within one year | 42/48 | €193,705 | €262,240 | +€68,534 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €94,515 | €148,308 | +€53,794 | +56.9% |
| Financial debts | 43 | €3,255 | €1,169 | -€2,086 | -64.1% |
| Credit institutions | 430/8 | €3,255 | €1,169 | -€2,086 | -64.1% |
| Trade debts | 44 | €30,181 | €56,989 | +€26,808 | +88.8% |
| Suppliers | 440/4 | €30,181 | €56,989 | +€26,808 | +88.8% |
| Taxes, remuneration and social security | 45 | €60,419 | €55,323 | -€5,096 | -8.4% |
| Taxes | 450/3 | €50,252 | €49,059 | -€1,193 | -2.4% |
| Remuneration and social security | 454/9 | €10,167 | €6,264 | -€3,903 | -38.4% |
| Other amounts payable | 47/48 | €5,335 | €450 | -€4,885 | -91.6% |
| Accrued charges and deferred income | 492/3 | €252 | €526 | +€274 | +108.8% |
| Remuneration, social security and pensions | 62 | €122,268 | €143,307 | +€21,040 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,036 | €99,066 | +€12,030 | +13.8% |
| Other operating charges | 640/8 | €8,489 | €5,626 | -€2,864 | -33.7% |
| Gross operating margin | 9900 | €368,433 | €318,052 | -€50,381 | -13.7% |
| Operating profit (loss) | 9901 | €150,640 | €70,053 | -€80,587 | -53.5% |
| Financial charges | 65/66B | €16,352 | €19,897 | +€3,544 | +21.7% |
| Recurring financial charges | 65 | €16,352 | €19,897 | +€3,544 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €134,288 | €50,156 | -€84,131 | -62.7% |
| Income taxes | 67/77 | €26,702 | €12,356 | -€14,346 | -53.7% |
| Profit (loss) for the period | 9904 | €107,586 | €37,801 | -€69,785 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,586 | €37,801 | -€69,785 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.