DR.GOETHALS MIRANDA-OFTALMOGIE: 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.GOETHALS MIRANDA-OFTALMOGIE
Largest movements
- Current investments +€145,355
up €145,355 (+149%), from €97,303 to €242,658
- Receivables after one year -€50,000
down €50,000 (-7.2%), from €690,000 to €640,000
- Cash +€21,629
up €21,629 (+6.1%), from €353,679 to €375,309
mainly Net result for the year (+€282,624) and Receivables after one year (+€50,000)
- Reserves +€126,329
up €126,329 (+12.4%), from €1.0m to €1.1m
- Other debts -€40,574
down €40,574 (-19.0%), from €213,309 to €172,734
- Short-term financial debts +€20,188
new in 2025: €20,188
- Gross operating margin +€32,212
up €32,212 (+8.3%), from €386,288 to €418,500
- Taxes +€10,614
up €10,614 (+9.3%), from €113,708 to €124,322
- Financial income +€7,140
up €7,140 (+40.5%), from €17,642 to €24,783
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 | €1,304,263 | €1,418,994 | +€114,730 | +8.8% |
| Fixed assets | 21/28 | €27,589 | €25,670 | -€1,919 | -7.0% |
| Tangible fixed assets | 22/27 | €27,020 | €25,100 | -€1,919 | -7.1% |
| Plant, machinery and equipment | 23 | €3,186 | €15,696 | +€12,511 | +393% |
| Furniture and vehicles | 24 | €21,931 | €9,404 | -€12,527 | -57.1% |
| Other tangible fixed assets | 26 | €1,903 | €0 | -€1,903 | -100% |
| Financial fixed assets | 28 | €569 | €569 | = | 0.0% |
| Current assets | 29/58 | €1,276,674 | €1,393,324 | +€116,650 | +9.1% |
| Amounts receivable after more than one year | 29 | €690,000 | €640,000 | -€50,000 | -7.2% |
| Other amounts receivable | 291 | €690,000 | €640,000 | -€50,000 | -7.2% |
| Amounts receivable within one year | 40/41 | €117,063 | €121,291 | +€4,228 | +3.6% |
| Trade receivables | 40 | €28,513 | €29,187 | +€674 | +2.4% |
| Other amounts receivable | 41 | €88,549 | €92,104 | +€3,554 | +4.0% |
| Current investments | 50/53 | €97,303 | €242,658 | +€145,355 | +149% |
| Cash at bank and in hand | 54/58 | €353,679 | €375,309 | +€21,629 | +6.1% |
| Deferred charges and accrued income | 490/1 | €18,629 | €14,066 | -€4,563 | -24.5% |
| Total equity and liabilities | 10/49 | €1,304,263 | €1,418,994 | +€114,730 | +8.8% |
| Equity | 10/15 | €1,034,558 | €1,160,887 | +€126,329 | +12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,022,158 | €1,148,487 | +€126,329 | +12.4% |
| Distributable reserves | 133 | €1,022,158 | €1,148,487 | +€126,329 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,705 | €258,107 | -€11,598 | -4.3% |
| Amounts payable within one year | 42/48 | €268,286 | €258,107 | -€10,179 | -3.8% |
| Financial debts | 43 | - | €20,188 | +€20,188 | |
| Credit institutions | 430/8 | - | €20,188 | +€20,188 | |
| Trade debts | 44 | €4,276 | €4,132 | -€144 | -3.4% |
| Suppliers | 440/4 | €4,276 | €4,132 | -€144 | -3.4% |
| Taxes, remuneration and social security | 45 | €50,701 | €61,052 | +€10,352 | +20.4% |
| Taxes | 450/3 | €50,701 | €61,052 | +€10,352 | +20.4% |
| Other amounts payable | 47/48 | €213,309 | €172,734 | -€40,574 | -19.0% |
| Accrued charges and deferred income | 492/3 | €1,420 | €0 | -€1,420 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,385 | €31,957 | +€2,572 | +8.8% |
| Other operating charges | 640/8 | €1,365 | €1,465 | +€99 | +7.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €386,288 | €418,500 | +€32,212 | +8.3% |
| Operating profit (loss) | 9901 | €355,537 | €385,078 | +€29,541 | +8.3% |
| Financial income | 75/76B | €17,642 | €24,783 | +€7,140 | +40.5% |
| Recurring financial income | 75 | €17,642 | €24,783 | +€7,140 | +40.5% |
| Financial charges | 65/66B | €2,593 | €2,915 | +€322 | +12.4% |
| Recurring financial charges | 65 | €2,593 | €2,915 | +€322 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €370,586 | €406,946 | +€36,359 | +9.8% |
| Income taxes | 67/77 | €113,708 | €124,322 | +€10,614 | +9.3% |
| Profit (loss) for the period | 9904 | €256,879 | €282,624 | +€25,745 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €256,879 | €282,624 | +€25,745 | +10.0% |
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 22 October 2026 via checked.be.