DE GOUDEN SCHOE: what changed
What changed
DE GOUDEN SCHOE
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
€75,538
2024 · €18,631+€56,907
Equity
€554,403
2024 · €528,866+€25,538
Cash
€405,105
2024 · €469,438-€64,334
Balance sheet total
€855,173
2024 · €902,449-€47,276
Largest movements
Assets
- Cash -€64,334
down €64,334 (-13.7%), from €469,438 to €405,105
mainly Other debts (-€67,628) and Contributions, distributions and other (-€50,000)
- Stocks and contracts +€19,771
up €19,771 (+7.3%), from €271,092 to €290,863
- Tangible fixed assets -€17,452
down €17,452 (-21.6%), from €80,758 to €63,305
of which Land and buildings: -€19,625
- Receivables within one year +€14,773
up €14,773 (+20.7%), from €71,299 to €86,071
of which Other amounts receivable: +€14,773
Equity and liabilities
- Other debts -€67,628
down €67,628 (-54.0%), from €125,304 to €57,675
- Debts after one year -€39,967
down €39,967 (-25.1%), from €159,411 to €119,444
- Trade debts +€35,169
up €35,169 (+139%), from €25,225 to €60,394
- Reserves +€25,538
up €25,538 (+5.6%), from €453,866 to €479,403
of which Distributable reserves: +€25,538
Income statement
- Gross operating margin +€53,077
up €53,077 (+33.2%), from €159,687 to €212,765
- Staff costs -€5,246
down €5,246 (-4.7%), from €111,839 to €106,593
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.
Result 2024
€18,631
Gross operating margin
+€53,077
Staff costs
+€5,246
Depreciation
-€283
Other operating charges
-€143
Financial income
-€1
Financial charges
-€990
Result 2025
€75,538
raises the resultlowers the result
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.
From operations
+€41,670
Investment
-€16,805
Financing
-€89,199
Cash 2024
€469,438
From operations (derived)
+€41,670
Net result for the year
+€75,538
Depreciation
+€34,558
Stocks and contracts
-€19,771
Receivables within one year
-€14,773
Deferred charges and accrued income
-€266
Trade debts
+€35,169
Tax, wage and social debts
-€1,156
Other debts
-€67,628
Investment (derived)
-€16,805
Investment in fixed assets (net)
-€16,805
Financing
-€89,199
Debts after one year
-€39,967
Current portion of long-term debt
+€768
Contributions, distributions and other
-€50,000
Cash 2025
€405,105
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €902,449 | €855,173 | -€47,276 | -5.2% |
| Fixed assets | 21/28 | €83,613 | €65,861 | -€17,752 | -21.2% |
| Intangible fixed assets | 21 | €643 | €343 | -€300 | -46.7% |
| Tangible fixed assets | 22/27 | €80,758 | €63,305 | -€17,452 | -21.6% |
| Land and buildings | 22 | €45,826 | €26,201 | -€19,625 | -42.8% |
| Plant, machinery and equipment | 23 | €6,311 | €12,503 | +€6,192 | +98.1% |
| Furniture and vehicles | 24 | €51 | €2,140 | +€2,089 | +4,091% |
| Leasing and similar rights | 25 | €28,571 | €22,461 | -€6,109 | -21.4% |
| Financial fixed assets | 28 | €2,213 | €2,213 | = | 0.0% |
| Current assets | 29/58 | €818,836 | €789,312 | -€29,524 | -3.6% |
| Stocks and contracts in progress | 3 | €271,092 | €290,863 | +€19,771 | +7.3% |
| Stocks | 30/36 | €271,092 | €290,863 | +€19,771 | +7.3% |
| Amounts receivable within one year | 40/41 | €71,299 | €86,071 | +€14,773 | +20.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €71,299 | €86,071 | +€14,773 | +20.7% |
| Cash at bank and in hand | 54/58 | €469,438 | €405,105 | -€64,334 | -13.7% |
| Deferred charges and accrued income | 490/1 | €7,007 | €7,273 | +€266 | +3.8% |
| Total equity and liabilities | 10/49 | €902,449 | €855,173 | -€47,276 | -5.2% |
| Equity | 10/15 | €528,866 | €554,403 | +€25,538 | +4.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €453,866 | €479,403 | +€25,538 | +5.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €427,616 | €453,153 | +€25,538 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,583 | €300,769 | -€72,814 | -19.5% |
| Amounts payable after more than one year | 17 | €159,411 | €119,444 | -€39,967 | -25.1% |
| Financial debts | 170/4 | €159,411 | €119,444 | -€39,967 | -25.1% |
| Amounts payable within one year | 42/48 | €214,172 | €181,325 | -€32,847 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €39,199 | €39,967 | +€768 | +2.0% |
| Trade debts | 44 | €25,225 | €60,394 | +€35,169 | +139% |
| Suppliers | 440/4 | €25,225 | €60,394 | +€35,169 | +139% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,445 | €23,289 | -€1,156 | -4.7% |
| Taxes | 450/3 | €10,005 | €7,870 | -€2,135 | -21.3% |
| Remuneration and social security | 454/9 | €14,440 | €15,419 | +€979 | +6.8% |
| Other amounts payable | 47/48 | €125,304 | €57,675 | -€67,628 | -54.0% |
| Remuneration, social security and pensions | 62 | €111,839 | €106,593 | -€5,246 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,275 | €34,558 | +€283 | +0.8% |
| Other operating charges | 640/8 | €4,502 | €4,645 | +€143 | +3.2% |
| Gross operating margin | 9900 | €159,687 | €212,765 | +€53,077 | +33.2% |
| Operating profit (loss) | 9901 | €9,071 | €66,970 | +€57,898 | +638% |
| Financial income | 75/76B | €13,413 | €13,412 | -€1 | 0.0% |
| Recurring financial income | 75 | €13,413 | €13,412 | -€1 | 0.0% |
| Financial charges | 65/66B | €3,853 | €4,843 | +€990 | +25.7% |
| Recurring financial charges | 65 | €3,853 | €4,843 | +€990 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €18,631 | €75,538 | +€56,907 | +305% |
| Profit (loss) for the period | 9904 | €18,631 | €75,538 | +€56,907 | +305% |
| Profit (loss) for the period to be appropriated | 9905 | €18,631 | €75,538 | +€56,907 | +305% |
Next steps
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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 6 November 2026 via checked.be.