Dr JD GOFFIN: 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 JD GOFFIN
Largest movements
- Cash -€26,560
down €26,560 (-33.0%), from €80,556 to €53,996
mainly Other debts (-€95,872) and Current portion of long-term debt (-€10,163)
- Intangible fixed assets -€16,000
down €16,000 (-11.8%), from €135,934 to €119,934
- Tangible fixed assets -€13,260
down €13,260 (-57.5%), from €23,062 to €9,802
of which Furniture and vehicles: -€11,578
- Other debts -€95,872
down €95,872 (-71.0%), from €135,100 to €39,228
- Profit (loss) carried forward +€41,814
up €41,814 (+95.6%), from €43,758 to €85,572
- Tax, wage and social debts +€10,961
up €10,961 (+43.4%), from €25,235 to €36,196
- Current portion of long-term debt -€10,163
down €10,163 (-83.0%), from €12,250 to €2,087
- Gross operating margin -€7,238
down €7,238 (-7.2%), from €100,015 to €92,777
- Other operating charges -€3,181
down €3,181 (-69.2%), from €4,594 to €1,413
- Taxes -€1,697
down €1,697 (-9.0%), from €18,947 to €17,250
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 | €240,020 | €186,117 | -€53,903 | -22.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €158,996 | €129,736 | -€29,260 | -18.4% |
| Intangible fixed assets | 21 | €135,934 | €119,934 | -€16,000 | -11.8% |
| Tangible fixed assets | 22/27 | €23,062 | €9,802 | -€13,260 | -57.5% |
| Plant, machinery and equipment | 23 | €2,517 | €834 | -€1,682 | -66.8% |
| Furniture and vehicles | 24 | €20,546 | €8,967 | -€11,578 | -56.4% |
| Current assets | 29/58 | €81,023 | €56,381 | -€24,642 | -30.4% |
| Cash at bank and in hand | 54/58 | €80,556 | €53,996 | -€26,560 | -33.0% |
| Deferred charges and accrued income | 490/1 | €467 | €2,385 | +€1,917 | +410.3% |
| Total equity and liabilities | 10/49 | €240,020 | €186,117 | -€53,903 | -22.5% |
| Equity | 10/15 | €62,696 | €104,510 | +€41,814 | +66.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,938 | €8,938 | = | 0.0% |
| Distributable reserves | 133 | €8,938 | €8,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,758 | €85,572 | +€41,814 | +95.6% |
| Amounts payable | 17/49 | €177,323 | €81,607 | -€95,716 | -54.0% |
| Amounts payable after more than one year | 17 | €2,087 | - | -€2,087 | |
| Financial debts | 170/4 | €2,087 | - | -€2,087 | |
| Amounts payable within one year | 42/48 | €174,987 | €81,205 | -€93,782 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €12,250 | €2,087 | -€10,163 | -83.0% |
| Trade debts | 44 | €2,403 | €3,694 | +€1,291 | +53.7% |
| Suppliers | 440/4 | €2,403 | €3,694 | +€1,291 | +53.7% |
| Taxes, remuneration and social security | 45 | €25,235 | €36,196 | +€10,961 | +43.4% |
| Taxes | 450/3 | €25,235 | €36,196 | +€10,961 | +43.4% |
| Other amounts payable | 47/48 | €135,100 | €39,228 | -€95,872 | -71.0% |
| Accrued charges and deferred income | 492/3 | €250 | €402 | +€152 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,939 | €31,868 | -€71 | -0.2% |
| Other operating charges | 640/8 | €4,594 | €1,413 | -€3,181 | -69.2% |
| Gross operating margin | 9900 | €100,015 | €92,777 | -€7,238 | -7.2% |
| Operating profit (loss) | 9901 | €63,482 | €59,496 | -€3,986 | -6.3% |
| Financial charges | 65/66B | €778 | €433 | -€345 | -44.3% |
| Recurring financial charges | 65 | €778 | €433 | -€345 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €62,705 | €59,063 | -€3,641 | -5.8% |
| Income taxes | 67/77 | €18,947 | €17,250 | -€1,697 | -9.0% |
| Profit (loss) for the period | 9904 | €43,758 | €41,814 | -€1,944 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,758 | €41,814 | -€1,944 | -4.4% |
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 9 October 2026 via checked.be.