Eddy Goeman: 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.
Eddy Goeman
Largest movements
- Cash +€69,997
up €69,997 (+48.1%), from €145,399 to €215,396
mainly Other debts (+€100,000) and Net result for the year (+€95,635)
- Tangible fixed assets -€2,359
down €2,359 (-37.0%), from €6,375 to €4,016
- Other debts +€100,000
new in 2025: €100,000
- Reserves -€40,000
down €40,000 (-32.0%), from €125,000 to €85,000
- Profit (loss) carried forward +€10,635
up €10,635, from -€6,589 to €4,046
- Trade debts -€4,157
down €4,157 (-77.1%), from €5,395 to €1,237
- Gross operating margin -€35,747
down €35,747 (-23.5%), from €152,231 to €116,484
- Taxes -€14,756
down €14,756 (-45.6%), from €32,356 to €17,600
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 | €154,418 | €220,289 | +€65,872 | +42.7% |
| Fixed assets | 21/28 | €6,375 | €4,016 | -€2,359 | -37.0% |
| Tangible fixed assets | 22/27 | €6,375 | €4,016 | -€2,359 | -37.0% |
| Furniture and vehicles | 24 | €6,375 | €4,016 | -€2,359 | -37.0% |
| Current assets | 29/58 | €148,043 | €216,273 | +€68,230 | +46.1% |
| Amounts receivable within one year | 40/41 | €2,644 | €877 | -€1,767 | -66.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,644 | €877 | -€1,767 | -66.8% |
| Cash at bank and in hand | 54/58 | €145,399 | €215,396 | +€69,997 | +48.1% |
| Total equity and liabilities | 10/49 | €154,418 | €220,289 | +€65,872 | +42.7% |
| Equity | 10/15 | €121,411 | €92,046 | -€29,365 | -24.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €85,000 | -€40,000 | -32.0% |
| Distributable reserves | 133 | €125,000 | €85,000 | -€40,000 | -32.0% |
| Profit (loss) carried forward | 14 | -€6,589 | €4,046 | +€10,635 | |
| Amounts payable | 17/49 | €33,007 | €128,243 | +€95,236 | +289% |
| Amounts payable within one year | 42/48 | €33,007 | €128,243 | +€95,236 | +289% |
| Trade debts | 44 | €5,395 | €1,237 | -€4,157 | -77.1% |
| Suppliers | 440/4 | €5,395 | €1,237 | -€4,157 | -77.1% |
| Taxes, remuneration and social security | 45 | €27,612 | €27,006 | -€607 | -2.2% |
| Taxes | 450/3 | €25,812 | €25,206 | -€607 | -2.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €2,359 | = | 0.0% |
| Other operating charges | 640/8 | €599 | €710 | +€111 | +18.6% |
| Gross operating margin | 9900 | €152,231 | €116,484 | -€35,747 | -23.5% |
| Operating profit (loss) | 9901 | €149,273 | €113,415 | -€35,858 | -24.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €149,093 | €113,235 | -€35,858 | -24.1% |
| Income taxes | 67/77 | €32,356 | €17,600 | -€14,756 | -45.6% |
| Profit (loss) for the period | 9904 | €116,738 | €95,635 | -€21,102 | -18.1% |
| Transfer from tax-exempt reserves | 789 | - | €40,000 | +€40,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,738 | €135,635 | +€18,898 | +16.2% |
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 16 October 2026 via checked.be.