Amber Goeman: 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.
Amber Goeman
Largest movements
- Tangible fixed assets +€13,172
up €13,172 (+10.0%), from €131,380 to €144,551
of which Plant, machinery and equipment: +€13,696
- Stocks and contracts +€5,227
up €5,227 (+14.1%), from €36,964 to €42,191
- Intangible fixed assets -€3,000
down €3,000 (-11.1%), from €26,992 to €23,992
- Debts after one year -€12,617
down €12,617 (-9.1%), from €139,226 to €126,609
of which Financial debts: -€12,617
- Trade debts +€9,306
up €9,306 (+37.8%), from €24,601 to €33,907
- Profit (loss) carried forward +€6,620
up €6,620 (+98.6%), from €6,715 to €13,335
- Current portion of long-term debt +€4,721
up €4,721 (+19.4%), from €24,390 to €29,111
- Other debts +€3,581
up €3,581 (+28.0%), from €12,785 to €16,367
- Staff costs -€5,543
down €5,543 (-5.4%), from €103,415 to €97,871
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 | €232,897 | €246,852 | +€13,954 | +6.0% |
| Fixed assets | 21/28 | €161,372 | €171,543 | +€10,172 | +6.3% |
| Intangible fixed assets | 21 | €26,992 | €23,992 | -€3,000 | -11.1% |
| Tangible fixed assets | 22/27 | €131,380 | €144,551 | +€13,172 | +10.0% |
| Plant, machinery and equipment | 23 | €13,060 | €26,757 | +€13,696 | +104.9% |
| Other tangible fixed assets | 26 | €118,319 | €117,795 | -€525 | -0.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €71,526 | €75,309 | +€3,783 | +5.3% |
| Stocks and contracts in progress | 3 | €36,964 | €42,191 | +€5,227 | +14.1% |
| Stocks | 30/36 | €36,964 | €42,191 | +€5,227 | +14.1% |
| Amounts receivable within one year | 40/41 | €16,357 | €15,999 | -€359 | -2.2% |
| Trade receivables | 40 | €8,999 | €10,033 | +€1,034 | +11.5% |
| Other amounts receivable | 41 | €7,359 | €5,966 | -€1,393 | -18.9% |
| Cash at bank and in hand | 54/58 | €18,070 | €17,032 | -€1,038 | -5.7% |
| Deferred charges and accrued income | 490/1 | €135 | €87 | -€48 | -35.4% |
| Total equity and liabilities | 10/49 | €232,897 | €246,852 | +€13,954 | +6.0% |
| Equity | 10/15 | €9,215 | €15,835 | +€6,620 | +71.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,715 | €13,335 | +€6,620 | +98.6% |
| Amounts payable | 17/49 | €223,682 | €231,017 | +€7,335 | +3.3% |
| Amounts payable after more than one year | 17 | €139,226 | €126,609 | -€12,617 | -9.1% |
| Financial debts | 170/4 | €107,875 | €95,258 | -€12,617 | -11.7% |
| Other amounts payable | 178/9 | €31,351 | €31,351 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,456 | €104,408 | +€19,952 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €24,390 | €29,111 | +€4,721 | +19.4% |
| Trade debts | 44 | €24,601 | €33,907 | +€9,306 | +37.8% |
| Suppliers | 440/4 | €24,601 | €33,907 | +€9,306 | +37.8% |
| Taxes, remuneration and social security | 45 | €22,680 | €25,023 | +€2,343 | +10.3% |
| Taxes | 450/3 | €2,098 | €3,100 | +€1,002 | +47.7% |
| Remuneration and social security | 454/9 | €20,582 | €21,923 | +€1,342 | +6.5% |
| Other amounts payable | 47/48 | €12,785 | €16,367 | +€3,581 | +28.0% |
| Remuneration, social security and pensions | 62 | €103,415 | €97,871 | -€5,543 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,133 | €11,331 | +€198 | +1.8% |
| Other operating charges | 640/8 | €562 | €548 | -€14 | -2.4% |
| Non-recurring operating charges | 66A | - | €4,627 | +€4,627 | |
| Gross operating margin | 9900 | €128,532 | €127,888 | -€644 | -0.5% |
| Operating profit (loss) | 9901 | €13,423 | €13,511 | +€88 | +0.7% |
| Financial income | 75/76B | €78 | €127 | +€49 | +62.4% |
| Recurring financial income | 75 | €78 | €127 | +€49 | +62.4% |
| Financial charges | 65/66B | €6,076 | €5,280 | -€796 | -13.1% |
| Recurring financial charges | 65 | €6,076 | €5,280 | -€796 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €7,425 | €8,357 | +€932 | +12.6% |
| Income taxes | 67/77 | €710 | €1,738 | +€1,028 | +144.8% |
| Profit (loss) for the period | 9904 | €6,715 | €6,620 | -€96 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,715 | €6,620 | -€96 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.