DR. GOETHAERT ELINE: 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.
DR. GOETHAERT ELINE
Largest movements
- Cash -€91,972
down €91,972 (-24.1%), from €382,096 to €290,124
mainly Other debts (-€163,713) and Investment in fixed assets (net) (-€21,613)
- Tangible fixed assets +€15,677
up €15,677 (+108%), from €14,527 to €30,204
of which Plant, machinery and equipment: +€20,865
- Receivables within one year +€15,310
up €15,310 (+19.0%), from €80,711 to €96,021
of which Other amounts receivable: +€16,765
- Deferred charges and accrued income +€7,566
new in 2025: €7,566
- Other debts -€163,713
down €163,713 (-84.3%), from €194,094 to €30,381
- Reserves +€121,790
up €121,790 (+39.4%), from €308,768 to €430,558
- Tax, wage and social debts -€14,760
down €14,760 (-84.2%), from €17,520 to €2,760
- Gross operating margin +€49,047
up €49,047 (+35.5%), from €138,245 to €187,292
- Financial charges +€13,566
up €13,566 (+3,971%), from €342 to €13,907
- Taxes +€11,570
up €11,570 (+29.5%), from €39,180 to €50,750
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 | €548,594 | €496,221 | -€52,374 | -9.5% |
| Fixed assets | 21/28 | €14,527 | €30,204 | +€15,677 | +108% |
| Tangible fixed assets | 22/27 | €14,527 | €30,204 | +€15,677 | +108% |
| Plant, machinery and equipment | 23 | €415 | €21,279 | +€20,865 | +5,032% |
| Furniture and vehicles | 24 | €14,112 | €8,925 | -€5,187 | -36.8% |
| Current assets | 29/58 | €534,067 | €466,017 | -€68,051 | -12.7% |
| Amounts receivable within one year | 40/41 | €80,711 | €96,021 | +€15,310 | +19.0% |
| Trade receivables | 40 | €17,777 | €16,322 | -€1,455 | -8.2% |
| Other amounts receivable | 41 | €62,934 | €79,699 | +€16,765 | +26.6% |
| Current investments | 50/53 | €71,261 | €72,306 | +€1,045 | +1.5% |
| Cash at bank and in hand | 54/58 | €382,096 | €290,124 | -€91,972 | -24.1% |
| Deferred charges and accrued income | 490/1 | - | €7,566 | +€7,566 | |
| Total equity and liabilities | 10/49 | €548,594 | €496,221 | -€52,374 | -9.5% |
| Equity | 10/15 | €327,522 | €449,315 | +€121,793 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €308,768 | €430,558 | +€121,790 | +39.4% |
| Distributable reserves | 133 | €308,768 | €430,558 | +€121,790 | +39.4% |
| Profit (loss) carried forward | 14 | €154 | €157 | +€3 | +2.2% |
| Amounts payable | 17/49 | €221,073 | €46,906 | -€174,167 | -78.8% |
| Amounts payable within one year | 42/48 | €214,899 | €35,763 | -€179,135 | -83.4% |
| Trade debts | 44 | €3,285 | €2,623 | -€663 | -20.2% |
| Suppliers | 440/4 | €3,285 | €2,623 | -€663 | -20.2% |
| Taxes, remuneration and social security | 45 | €17,520 | €2,760 | -€14,760 | -84.2% |
| Taxes | 450/3 | €17,520 | €2,760 | -€14,760 | -84.2% |
| Other amounts payable | 47/48 | €194,094 | €30,381 | -€163,713 | -84.3% |
| Accrued charges and deferred income | 492/3 | €6,174 | €11,142 | +€4,969 | +80.5% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €1,310 | -€172 | -€1,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,715 | €5,935 | +€221 | +3.9% |
| Other operating charges | 640/8 | €826 | €1,123 | +€298 | +36.1% |
| Gross operating margin | 9900 | €138,245 | €187,292 | +€49,047 | +35.5% |
| Operating profit (loss) | 9901 | €130,394 | €180,405 | +€50,011 | +38.4% |
| Financial income | 75/76B | €5,235 | €6,045 | +€810 | +15.5% |
| Recurring financial income | 75 | €5,235 | €6,045 | +€810 | +15.5% |
| Financial charges | 65/66B | €342 | €13,907 | +€13,566 | +3,971% |
| Recurring financial charges | 65 | €342 | €13,907 | +€13,566 | +3,971% |
| Profit (loss) for the period before taxes | 9903 | €135,288 | €172,544 | +€37,256 | +27.5% |
| Income taxes | 67/77 | €39,180 | €50,750 | +€11,570 | +29.5% |
| Profit (loss) for the period | 9904 | €96,108 | €121,793 | +€25,685 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,108 | €121,793 | +€25,685 | +26.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.