Denis GOFFINET: 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.
Denis GOFFINET
Largest movements
- Cash -€44,514
down €44,514 (-61.1%), from €72,794 to €28,281
mainly Contributions, distributions and other (-€55,881) and Other debts (-€40,749)
- Receivables within one year +€30,780
up €30,780 (+126%), from €24,337 to €55,117
of which Trade receivables: +€30,761
- Tangible fixed assets -€12,902
down €12,902 (-8.7%), from €148,629 to €135,728
of which Furniture and vehicles: -€9,572
- Other debts -€40,749
down €40,749 (-98.5%), from €41,386 to €637
- Profit (loss) carried forward +€26,244
up €26,244 (+90.5%), from €29,010 to €55,254
- Debts after one year -€19,065
down €19,065 (-15.5%), from €123,260 to €104,196
- Trade debts +€6,843
up €6,843, from €0 to €6,843
- Gross operating margin +€83,662
up €83,662 (+73.3%), from €114,090 to €197,752
- Taxes +€19,769
up €19,769 (+250%), from €7,904 to €27,673
- Staff costs +€4,835
up €4,835 (+7.6%), from €63,792 to €68,628
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.
Derived cash bridge
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 | €246,873 | €220,038 | -€26,836 | -10.9% |
| Fixed assets | 21/28 | €148,834 | €135,933 | -€12,902 | -8.7% |
| Tangible fixed assets | 22/27 | €148,629 | €135,728 | -€12,902 | -8.7% |
| Land and buildings | 22 | €119,772 | €116,442 | -€3,330 | -2.8% |
| Furniture and vehicles | 24 | €28,857 | €19,285 | -€9,572 | -33.2% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €98,039 | €84,105 | -€13,934 | -14.2% |
| Amounts receivable within one year | 40/41 | €24,337 | €55,117 | +€30,780 | +126% |
| Trade receivables | 40 | €22,218 | €52,979 | +€30,761 | +138% |
| Other amounts receivable | 41 | €2,119 | €2,138 | +€19 | +0.9% |
| Cash at bank and in hand | 54/58 | €72,794 | €28,281 | -€44,514 | -61.1% |
| Deferred charges and accrued income | 490/1 | €908 | €708 | -€200 | -22.0% |
| Total equity and liabilities | 10/49 | €246,873 | €220,038 | -€26,836 | -10.9% |
| Equity | 10/15 | €31,010 | €57,254 | +€26,244 | +84.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,010 | €55,254 | +€26,244 | +90.5% |
| Amounts payable | 17/49 | €215,863 | €162,784 | -€53,079 | -24.6% |
| Amounts payable after more than one year | 17 | €123,260 | €104,196 | -€19,065 | -15.5% |
| Financial debts | 170/4 | €123,260 | €104,196 | -€19,065 | -15.5% |
| Amounts payable within one year | 42/48 | €89,249 | €55,288 | -€33,961 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €18,267 | €19,065 | +€798 | +4.4% |
| Trade debts | 44 | €0 | €6,843 | +€6,843 | |
| Suppliers | 440/4 | €0 | €6,843 | +€6,843 | |
| Taxes, remuneration and social security | 45 | €29,596 | €28,742 | -€853 | -2.9% |
| Taxes | 450/3 | €14,523 | €14,978 | +€455 | +3.1% |
| Remuneration and social security | 454/9 | €15,072 | €13,764 | -€1,308 | -8.7% |
| Other amounts payable | 47/48 | €41,386 | €637 | -€40,749 | -98.5% |
| Accrued charges and deferred income | 492/3 | €3,353 | €3,300 | -€53 | -1.6% |
| Remuneration, social security and pensions | 62 | €63,792 | €68,628 | +€4,835 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,375 | €12,902 | -€473 | -3.5% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €114,090 | €197,752 | +€83,662 | +73.3% |
| Operating profit (loss) | 9901 | €36,025 | €115,295 | +€79,270 | +220% |
| Financial charges | 65/66B | €6,266 | €5,497 | -€769 | -12.3% |
| Recurring financial charges | 65 | €6,266 | €5,497 | -€769 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €29,759 | €109,798 | +€80,038 | +269% |
| Income taxes | 67/77 | €7,904 | €27,673 | +€19,769 | +250% |
| Profit (loss) for the period | 9904 | €21,855 | €82,125 | +€60,270 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €21,855 | €82,125 | +€60,270 | +276% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.