Commandotouwen 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.
Commandotouwen Goeman
Largest movements
- Current investments +€43,903
up €43,903 (+175.6%), from €25,000 to €68,903
- Receivables within one year -€21,840
down €21,840 (-31.9%), from €68,417 to €46,577
of which Trade receivables: -€28,525
- Stocks and contracts +€15,000
up €15,000 (+150.0%), from €10,000 to €25,000
of which Contracts in progress: +€11,000
- Cash +€14,355
up €14,355 (+21.7%), from €66,177 to €80,531
mainly Net result for the year (+€25,784) and Receivables within one year (+€21,840)
- Tangible fixed assets -€11,379
down €11,379 (-26.1%), from €43,650 to €32,271
of which Furniture and vehicles: -€6,439
- Reserves +€25,784
up €25,784 (+33.2%), from €77,711 to €103,495
- Trade debts +€21,545
up €21,545 (+722.1%), from €2,984 to €24,529
- Tax, wage and social debts -€17,613
down €17,613 (-89.8%), from €19,604 to €1,991
of which Taxes: -€17,613
- Advances received +€12,000
up €12,000, from €0 to €12,000
- Other debts -€3,438
down €3,438 (-3.5%), from €98,425 to €94,987
- Gross operating margin +€13,841
up €13,841 (+31.9%), from €43,356 to €57,197
- Taxes +€4,039
up €4,039 (+47.3%), from €8,545 to €12,583
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 | €218,351 | €256,665 | +€38,314 | +17.5% |
| Fixed assets | 21/28 | €45,240 | €33,861 | -€11,379 | -25.2% |
| Tangible fixed assets | 22/27 | €43,650 | €32,271 | -€11,379 | -26.1% |
| Plant, machinery and equipment | 23 | €17,942 | €13,001 | -€4,940 | -27.5% |
| Furniture and vehicles | 24 | €25,709 | €19,270 | -€6,439 | -25.0% |
| Financial fixed assets | 28 | €1,590 | €1,590 | = | 0.0% |
| Current assets | 29/58 | €173,111 | €222,804 | +€49,693 | +28.7% |
| Stocks and contracts in progress | 3 | €10,000 | €25,000 | +€15,000 | +150.0% |
| Stocks | 30/36 | €10,000 | €14,000 | +€4,000 | +40.0% |
| Contracts in progress | 37 | - | €11,000 | +€11,000 | |
| Amounts receivable within one year | 40/41 | €68,417 | €46,577 | -€21,840 | -31.9% |
| Trade receivables | 40 | €68,417 | €39,892 | -€28,525 | -41.7% |
| Other amounts receivable | 41 | - | €6,685 | +€6,685 | |
| Current investments | 50/53 | €25,000 | €68,903 | +€43,903 | +175.6% |
| Cash at bank and in hand | 54/58 | €66,177 | €80,531 | +€14,355 | +21.7% |
| Deferred charges and accrued income | 490/1 | €3,517 | €1,792 | -€1,725 | -49.0% |
| Total equity and liabilities | 10/49 | €218,351 | €256,665 | +€38,314 | +17.5% |
| Equity | 10/15 | €96,303 | €122,087 | +€25,784 | +26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,711 | €103,495 | +€25,784 | +33.2% |
| Distributable reserves | 133 | €77,711 | €103,495 | +€25,784 | +33.2% |
| Amounts payable | 17/49 | €122,048 | €134,578 | +€12,530 | +10.3% |
| Amounts payable within one year | 42/48 | €121,012 | €133,506 | +€12,494 | +10.3% |
| Trade debts | 44 | €2,984 | €24,529 | +€21,545 | +722.1% |
| Suppliers | 440/4 | €2,984 | €24,529 | +€21,545 | +722.1% |
| Advances received on contracts in progress | 46 | €0 | €12,000 | +€12,000 | |
| Taxes, remuneration and social security | 45 | €19,604 | €1,991 | -€17,613 | -89.8% |
| Taxes | 450/3 | €19,604 | €1,991 | -€17,613 | -89.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €98,425 | €94,987 | -€3,438 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,036 | €1,072 | +€36 | +3.5% |
| Non-recurring operating income | 76A | €905 | €0 | -€905 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,888 | €11,379 | +€491 | +4.5% |
| Other operating charges | 640/8 | €596 | €470 | -€126 | -21.1% |
| Gross operating margin | 9900 | €43,356 | €57,197 | +€13,841 | +31.9% |
| Operating profit (loss) | 9901 | €31,872 | €45,348 | +€13,475 | +42.3% |
| Financial income | 75/76B | €609 | €803 | +€194 | +31.9% |
| Recurring financial income | 75 | €609 | €803 | +€194 | +31.9% |
| Financial charges | 65/66B | €8,250 | €7,783 | -€466 | -5.7% |
| Recurring financial charges | 65 | €8,250 | €7,783 | -€466 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €24,232 | €38,367 | +€14,136 | +58.3% |
| Income taxes | 67/77 | €8,545 | €12,583 | +€4,039 | +47.3% |
| Profit (loss) for the period | 9904 | €15,687 | €25,784 | +€10,097 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,687 | €25,784 | +€10,097 | +64.4% |
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 6 October 2026 via checked.be.