GOLICO: what changed
GOLICO
Largest movements
- Tangible fixed assets +€414,919
up €414,919 (+3,427%), from €12,107 to €427,026
of which Land and buildings: +€406,744
- Cash +€19,587
up €19,587 (+116%), from €16,938 to €36,524
mainly Debts after one year (+€353,190) and Other debts (+€58,118)
- Receivables within one year -€5,509
down €5,509 (-24.7%), from €22,334 to €16,825
of which Trade receivables: -€5,272
- Debts after one year +€353,190
new in 2025: €353,190
- Other debts +€58,118
new in 2025: €58,118
- Current portion of long-term debt +€12,708
new in 2025: €12,708
- Tax, wage and social debts +€6,690
up €6,690 (+37.7%), from €17,723 to €24,413
- Depreciation +€54,276
up €54,276 (+22,811%), from €238 to €54,514
- Gross operating margin +€29,420
up €29,420 (+82.2%), from €35,784 to €65,203
- Taxes -€5,617
down €5,617 (-80.6%), from €6,969 to €1,352
- Financial charges +€5,229
up €5,229 (+389%), from €1,344 to €6,573
- Other operating charges +€2,060
up €2,060 (+548%), from €376 to €2,436
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 | €54,041 | €482,398 | +€428,357 | +793% |
| Fixed assets | 21/28 | €12,107 | €427,026 | +€414,919 | +3,427% |
| Tangible fixed assets | 22/27 | €12,107 | €427,026 | +€414,919 | +3,427% |
| Land and buildings | 22 | - | €406,744 | +€406,744 | |
| Plant, machinery and equipment | 23 | €696 | €436 | -€261 | -37.4% |
| Furniture and vehicles | 24 | - | €2,173 | +€2,173 | |
| Other tangible fixed assets | 26 | €11,411 | €17,674 | +€6,263 | +54.9% |
| Current assets | 29/58 | €41,934 | €55,372 | +€13,438 | +32.0% |
| Amounts receivable within one year | 40/41 | €22,334 | €16,825 | -€5,509 | -24.7% |
| Trade receivables | 40 | €22,097 | €16,825 | -€5,272 | -23.9% |
| Other amounts receivable | 41 | €237 | €0 | -€237 | -100% |
| Cash at bank and in hand | 54/58 | €16,938 | €36,524 | +€19,587 | +116% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,022 | -€640 | -24.0% |
| Total equity and liabilities | 10/49 | €54,041 | €482,398 | +€428,357 | +793% |
| Equity | 10/15 | €31,857 | €32,216 | +€359 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,857 | €27,216 | +€359 | +1.3% |
| Distributable reserves | 133 | €26,857 | €27,216 | +€359 | +1.3% |
| Amounts payable | 17/49 | €22,184 | €450,182 | +€427,998 | +1,929% |
| Amounts payable after more than one year | 17 | - | €353,190 | +€353,190 | |
| Financial debts | 170/4 | - | €353,190 | +€353,190 | |
| Amounts payable within one year | 42/48 | €21,996 | €96,696 | +€74,699 | +340% |
| Current portion of amounts payable after more than one year | 42 | - | €12,708 | +€12,708 | |
| Trade debts | 44 | €4,274 | €1,458 | -€2,816 | -65.9% |
| Suppliers | 440/4 | €4,274 | €1,458 | -€2,816 | -65.9% |
| Taxes, remuneration and social security | 45 | €17,723 | €24,413 | +€6,690 | +37.7% |
| Taxes | 450/3 | €17,723 | €24,413 | +€6,690 | +37.7% |
| Other amounts payable | 47/48 | - | €58,118 | +€58,118 | |
| Accrued charges and deferred income | 492/3 | €188 | €297 | +€109 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €54,514 | +€54,276 | +22,811% |
| Other operating charges | 640/8 | €376 | €2,436 | +€2,060 | +548% |
| Gross operating margin | 9900 | €35,784 | €65,203 | +€29,420 | +82.2% |
| Operating profit (loss) | 9901 | €35,169 | €8,254 | -€26,916 | -76.5% |
| Financial income | 75/76B | €0 | €31 | +€31 | +306,800% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +306,800% |
| Financial charges | 65/66B | €1,344 | €6,573 | +€5,229 | +389% |
| Recurring financial charges | 65 | €1,344 | €6,573 | +€5,229 | +389% |
| Profit (loss) for the period before taxes | 9903 | €33,826 | €1,711 | -€32,115 | -94.9% |
| Income taxes | 67/77 | €6,969 | €1,352 | -€5,617 | -80.6% |
| Profit (loss) for the period | 9904 | €26,857 | €359 | -€26,497 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,857 | €359 | -€26,497 | -98.7% |
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 1 November 2026 via checked.be.