Electro Goethals: what changed
Two fiscal 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.
Electro Goethals
Largest movements
- Cash +€30,160
up €30,160 (+242.3%), from €12,448 to €42,607
mainly Current investments (+€20,000) and Receivables within one year (+€19,012)
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year -€19,012
down €19,012 (-43.7%), from €43,493 to €24,481
of which Trade receivables: -€28,448
- Stocks and contracts -€11,831
down €11,831 (-26.7%), from €44,248 to €32,417
- Tangible fixed assets -€7,373
down €7,373 (-14.7%), from €50,238 to €42,865
of which Furniture and vehicles: -€7,128
- Advances received -€9,000
no longer reported in 2025 (was €9,000)
- Debts after one year -€5,818
down €5,818 (-25.2%), from €23,041 to €17,223
- Tax, wage and social debts -€5,159
no longer reported in 2025 (was €5,159)
- Trade debts -€4,813
down €4,813 (-31.7%), from €15,195 to €10,382
- Current portion of long-term debt -€3,537
down €3,537 (-37.8%), from €9,355 to €5,818
- Gross operating margin -€33,770
down €33,770 (-64.1%), from €52,686 to €18,916
- Taxes -€5,149
down €5,149 (-67.4%), from €7,645 to €2,496
- Depreciation -€3,052
down €3,052 (-20.6%), from €14,819 to €11,767
- Financial charges +€780
up €780 (+67.0%), from €1,164 to €1,945
- Other operating charges -€619
down €619 (-30.3%), from €2,042 to €1,423
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 | €171,905 | €143,852 | -€28,053 | -16.3% |
| Fixed assets | 21/28 | €50,238 | €42,865 | -€7,373 | -14.7% |
| Tangible fixed assets | 22/27 | €50,238 | €42,865 | -€7,373 | -14.7% |
| Plant, machinery and equipment | 23 | €1,901 | €1,426 | -€476 | -25.0% |
| Furniture and vehicles | 24 | €48,336 | €41,208 | -€7,128 | -14.7% |
| Leasing and similar rights | 25 | - | €231 | +€231 | |
| Current assets | 29/58 | €121,667 | €100,987 | -€20,680 | -17.0% |
| Stocks and contracts in progress | 3 | €44,248 | €32,417 | -€11,831 | -26.7% |
| Stocks | 30/36 | €44,248 | €32,417 | -€11,831 | -26.7% |
| Amounts receivable within one year | 40/41 | €43,493 | €24,481 | -€19,012 | -43.7% |
| Trade receivables | 40 | €42,369 | €13,921 | -€28,448 | -67.1% |
| Other amounts receivable | 41 | €1,124 | €10,560 | +€9,436 | +839.6% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €12,448 | €42,607 | +€30,160 | +242.3% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,482 | +€3 | +0.2% |
| Total equity and liabilities | 10/49 | €171,905 | €143,852 | -€28,053 | -16.3% |
| Equity | 10/15 | €105,713 | €108,486 | +€2,773 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,346 | €47,119 | +€2,773 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,486 | €17,486 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €27,773 | +€2,773 | +11.1% |
| Profit (loss) carried forward | 14 | €55,167 | €55,167 | = | 0.0% |
| Amounts payable | 17/49 | €66,192 | €35,367 | -€30,826 | -46.6% |
| Amounts payable after more than one year | 17 | €23,041 | €17,223 | -€5,818 | -25.2% |
| Financial debts | 170/4 | €23,041 | €17,223 | -€5,818 | -25.2% |
| Amounts payable within one year | 42/48 | €43,151 | €18,143 | -€25,008 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €9,355 | €5,818 | -€3,537 | -37.8% |
| Trade debts | 44 | €15,195 | €10,382 | -€4,813 | -31.7% |
| Suppliers | 440/4 | €15,195 | €10,382 | -€4,813 | -31.7% |
| Advances received on contracts in progress | 46 | €9,000 | - | -€9,000 | |
| Taxes, remuneration and social security | 45 | €5,159 | - | -€5,159 | |
| Taxes | 450/3 | €5,159 | - | -€5,159 | |
| Other amounts payable | 47/48 | €4,443 | €1,944 | -€2,499 | -56.3% |
| Non-recurring operating income | 76A | €24,264 | - | -€24,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,819 | €11,767 | -€3,052 | -20.6% |
| Other operating charges | 640/8 | €2,042 | €1,423 | -€619 | -30.3% |
| Gross operating margin | 9900 | €52,686 | €18,916 | -€33,770 | -64.1% |
| Operating profit (loss) | 9901 | €35,825 | €5,726 | -€30,099 | -84.0% |
| Financial income | 75/76B | €1,170 | €1,487 | +€318 | +27.2% |
| Recurring financial income | 75 | €1,170 | €1,487 | +€318 | +27.2% |
| Financial charges | 65/66B | €1,164 | €1,945 | +€780 | +67.0% |
| Recurring financial charges | 65 | €1,164 | €1,945 | +€780 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €35,830 | €5,269 | -€30,561 | -85.3% |
| Income taxes | 67/77 | €7,645 | €2,496 | -€5,149 | -67.4% |
| Profit (loss) for the period | 9904 | €28,185 | €2,773 | -€25,413 | -90.2% |
| Transfer to tax-exempt reserves | 689 | €476 | - | -€476 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,710 | €2,773 | -€24,937 | -90.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.