Céderic Goossens: what changed
Two financial 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.
Céderic Goossens
Largest movements
- Current investments +€167,034
new in 2025: €167,034
- Cash -€131,331
down €131,331 (-69.3%), from €189,605 to €58,274
mainly Current investments (-€167,034) and Debts after one year (-€19,101)
- Receivables within one year +€5,808
up €5,808 (+26.6%), from €21,838 to €27,646
of which Other amounts receivable: +€3,727
- Tangible fixed assets -€4,398
down €4,398 (-18.8%), from €23,413 to €19,015
of which Furniture and vehicles: -€5,314
- Stocks and contracts +€2,845
up €2,845 (+62.7%), from €4,535 to €7,380
- Reserves +€53,966
up €53,966 (+44.5%), from €121,297 to €175,263
- Debts after one year -€19,101
down €19,101 (-25.6%), from €74,501 to €55,400
of which Financial debts: -€17,101
- Trade debts +€3,371
up €3,371 (+417.0%), from €808 to €4,179
- Gross operating margin -€4,981
down €4,981 (-5.0%), from €98,742 to €93,761
- Financial charges +€4,599
up €4,599 (+313.9%), from €1,465 to €6,064
- Financial income +€1,847
up €1,847 (+299.6%), from €617 to €2,464
- Taxes +€1,482
up €1,482 (+6.0%), from €24,563 to €26,045
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 | €241,581 | €281,615 | +€40,034 | +16.6% |
| Fixed assets | 21/28 | €23,413 | €19,015 | -€4,398 | -18.8% |
| Tangible fixed assets | 22/27 | €23,413 | €19,015 | -€4,398 | -18.8% |
| Plant, machinery and equipment | 23 | €400 | €1 | -€399 | -99.7% |
| Furniture and vehicles | 24 | €20,476 | €15,162 | -€5,314 | -26.0% |
| Other tangible fixed assets | 26 | €2,538 | €3,852 | +€1,314 | +51.8% |
| Current assets | 29/58 | €218,168 | €262,600 | +€44,432 | +20.4% |
| Stocks and contracts in progress | 3 | €4,535 | €7,380 | +€2,845 | +62.7% |
| Stocks | 30/36 | €4,535 | €7,380 | +€2,845 | +62.7% |
| Amounts receivable within one year | 40/41 | €21,838 | €27,646 | +€5,808 | +26.6% |
| Trade receivables | 40 | €19,288 | €21,370 | +€2,081 | +10.8% |
| Other amounts receivable | 41 | €2,549 | €6,276 | +€3,727 | +146.2% |
| Current investments | 50/53 | - | €167,034 | +€167,034 | |
| Cash at bank and in hand | 54/58 | €189,605 | €58,274 | -€131,331 | -69.3% |
| Deferred charges and accrued income | 490/1 | €2,190 | €2,266 | +€76 | +3.5% |
| Total equity and liabilities | 10/49 | €241,581 | €281,615 | +€40,034 | +16.6% |
| Equity | 10/15 | €123,297 | €177,263 | +€53,966 | +43.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €121,297 | €175,263 | +€53,966 | +44.5% |
| Distributable reserves | 133 | €121,297 | €175,263 | +€53,966 | +44.5% |
| Amounts payable | 17/49 | €118,284 | €104,353 | -€13,932 | -11.8% |
| Amounts payable after more than one year | 17 | €74,501 | €55,400 | -€19,101 | -25.6% |
| Financial debts | 170/4 | €26,001 | €8,900 | -€17,101 | -65.8% |
| Other amounts payable | 178/9 | €48,500 | €46,500 | -€2,000 | -4.1% |
| Amounts payable within one year | 42/48 | €43,783 | €48,953 | +€5,170 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €16,212 | €17,101 | +€889 | +5.5% |
| Trade debts | 44 | €808 | €4,179 | +€3,371 | +417.0% |
| Suppliers | 440/4 | €808 | €4,179 | +€3,371 | +417.0% |
| Taxes, remuneration and social security | 45 | €26,513 | €27,548 | +€1,035 | +3.9% |
| Taxes | 450/3 | €25,313 | €26,348 | +€1,035 | +4.1% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €250 | €124 | -€126 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,117 | €8,537 | +€420 | +5.2% |
| Other operating charges | 640/8 | €1,021 | €781 | -€240 | -23.5% |
| Gross operating margin | 9900 | €98,742 | €93,761 | -€4,981 | -5.0% |
| Operating profit (loss) | 9901 | €89,605 | €84,444 | -€5,161 | -5.8% |
| Financial income | 75/76B | €617 | €2,464 | +€1,847 | +299.6% |
| Recurring financial income | 75 | €617 | €2,464 | +€1,847 | +299.6% |
| Financial charges | 65/66B | €1,465 | €6,064 | +€4,599 | +313.9% |
| Recurring financial charges | 65 | €1,465 | €6,064 | +€4,599 | +313.9% |
| Profit (loss) for the period before taxes | 9903 | €88,756 | €80,844 | -€7,913 | -8.9% |
| Income taxes | 67/77 | €24,563 | €26,045 | +€1,482 | +6.0% |
| Profit (loss) for the period | 9904 | €64,193 | €54,799 | -€9,395 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,193 | €54,799 | -€9,395 | -14.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.