GOTECH: what changed
GOTECH
Largest movements
- Tangible fixed assets -€13,515
down €13,515 (-20.1%), from €67,199 to €53,684
of which Plant, machinery and equipment: -€13,383
- Receivables within one year -€7,366
down €7,366 (-14.2%), from €51,900 to €44,535
of which Other amounts receivable: -€6,414
- Deferred charges and accrued income +€5,934
up €5,934 (+433%), from €1,371 to €7,306
- Cash +€5,609
up €5,609 (+4.3%), from €131,533 to €137,142
mainly Depreciation (+€19,133) and Receivables within one year (+€7,366)
- Stocks and contracts +€4,254
up €4,254 (+9.0%), from €47,528 to €51,782
- Debts after one year -€7,306
down €7,306 (-40.0%), from €18,242 to €10,936
- Trade debts -€6,533
down €6,533 (-37.6%), from €17,356 to €10,823
- Tax, wage and social debts +€3,892
up €3,892 (+8.2%), from €47,575 to €51,467
of which Remuneration and social security: +€4,486
- Reserves +€3,494
up €3,494 (+2.0%), from €173,984 to €177,478
of which Distributable reserves: +€3,494
- Staff costs +€28,757
up €28,757 (+18.3%), from €157,506 to €186,263
- Gross operating margin +€17,001
up €17,001 (+8.3%), from €204,490 to €221,490
- Depreciation +€4,462
up €4,462 (+30.4%), from €14,671 to €19,133
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 | €313,290 | €308,207 | -€5,083 | -1.6% |
| Fixed assets | 21/28 | €80,957 | €67,442 | -€13,515 | -16.7% |
| Tangible fixed assets | 22/27 | €67,199 | €53,684 | -€13,515 | -20.1% |
| Plant, machinery and equipment | 23 | €66,468 | €53,085 | -€13,383 | -20.1% |
| Furniture and vehicles | 24 | €731 | €599 | -€131 | -18.0% |
| Financial fixed assets | 28 | €13,758 | €13,758 | = | 0.0% |
| Current assets | 29/58 | €232,333 | €240,765 | +€8,432 | +3.6% |
| Stocks and contracts in progress | 3 | €47,528 | €51,782 | +€4,254 | +9.0% |
| Stocks | 30/36 | €47,528 | €51,782 | +€4,254 | +9.0% |
| Amounts receivable within one year | 40/41 | €51,900 | €44,535 | -€7,366 | -14.2% |
| Trade receivables | 40 | €6,525 | €5,574 | -€952 | -14.6% |
| Other amounts receivable | 41 | €45,375 | €38,961 | -€6,414 | -14.1% |
| Cash at bank and in hand | 54/58 | €131,533 | €137,142 | +€5,609 | +4.3% |
| Deferred charges and accrued income | 490/1 | €1,371 | €7,306 | +€5,934 | +433% |
| Total equity and liabilities | 10/49 | €313,290 | €308,207 | -€5,083 | -1.6% |
| Equity | 10/15 | €216,968 | €220,461 | +€3,494 | +1.6% |
| Contributions | 10/11 | €241,696 | €241,696 | = | 0.0% |
| Reserves | 13 | €173,984 | €177,478 | +€3,494 | +2.0% |
| Non-distributable reserves | 130/1 | €32,495 | €32,495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,495 | €32,495 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €103,989 | €107,483 | +€3,494 | +3.4% |
| Profit (loss) carried forward | 14 | -€198,713 | -€198,713 | = | 0.0% |
| Amounts payable | 17/49 | €96,322 | €87,746 | -€8,577 | -8.9% |
| Amounts payable after more than one year | 17 | €18,242 | €10,936 | -€7,306 | -40.0% |
| Financial debts | 170/4 | €18,242 | €10,936 | -€7,306 | -40.0% |
| Amounts payable within one year | 42/48 | €78,081 | €76,810 | -€1,271 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €8,463 | €7,306 | -€1,157 | -13.7% |
| Financial debts | 43 | €1,358 | €1,350 | -€9 | -0.6% |
| Credit institutions | 430/8 | €1,358 | €1,350 | -€9 | -0.6% |
| Trade debts | 44 | €17,356 | €10,823 | -€6,533 | -37.6% |
| Suppliers | 440/4 | €17,356 | €10,823 | -€6,533 | -37.6% |
| Taxes, remuneration and social security | 45 | €47,575 | €51,467 | +€3,892 | +8.2% |
| Taxes | 450/3 | €17,858 | €17,264 | -€594 | -3.3% |
| Remuneration and social security | 454/9 | €29,717 | €34,203 | +€4,486 | +15.1% |
| Other amounts payable | 47/48 | €3,329 | €5,864 | +€2,535 | +76.2% |
| Remuneration, social security and pensions | 62 | €157,506 | €186,263 | +€28,757 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,671 | €19,133 | +€4,462 | +30.4% |
| Other operating charges | 640/8 | €1,052 | €1,557 | +€506 | +48.1% |
| Gross operating margin | 9900 | €204,490 | €221,490 | +€17,001 | +8.3% |
| Operating profit (loss) | 9901 | €31,261 | €14,537 | -€16,724 | -53.5% |
| Financial income | 75/76B | €1,796 | €1,310 | -€486 | -27.0% |
| Recurring financial income | 75 | €1,796 | €1,310 | -€486 | -27.0% |
| Financial charges | 65/66B | €5,200 | €6,650 | +€1,450 | +27.9% |
| Recurring financial charges | 65 | €5,200 | €6,650 | +€1,450 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €27,857 | €9,197 | -€18,660 | -67.0% |
| Income taxes | 67/77 | €4,673 | €5,703 | +€1,031 | +22.1% |
| Profit (loss) for the period | 9904 | €23,184 | €3,494 | -€19,690 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,184 | €3,494 | -€19,690 | -84.9% |
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 7 November 2026 via checked.be.