François GOEMAERE: 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.
François GOEMAERE
Largest movements
- Tangible fixed assets -€53,805
down €53,805 (-5.7%), from €951,005 to €897,200
of which Land and buildings: -€41,879
- Cash +€37,276
up €37,276 (+105%), from €35,425 to €72,701
mainly Net result for the year (+€230,000) and Depreciation (+€42,279)
- Debts after one year -€44,365
down €44,365 (-6.0%), from €743,280 to €698,915
- Other debts +€31,641
up €31,641 (+19.3%), from €163,859 to €195,500
- Trade debts +€10,662
up €10,662 (+287%), from €3,715 to €14,377
- Gross operating margin +€92,623
up €92,623 (+33.7%), from €275,013 to €367,636
- Taxes +€19,318
up €19,318 (+38.9%), from €49,655 to €68,973
- Other operating charges +€3,897
up €3,897 (+72.3%), from €5,390 to €9,288
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 | €1,001,113 | €996,863 | -€4,249 | -0.4% |
| Fixed assets | 21/28 | €951,005 | €897,200 | -€53,805 | -5.7% |
| Tangible fixed assets | 22/27 | €951,005 | €897,200 | -€53,805 | -5.7% |
| Land and buildings | 22 | €938,795 | €896,917 | -€41,879 | -4.5% |
| Furniture and vehicles | 24 | €12,209 | €283 | -€11,926 | -97.7% |
| Current assets | 29/58 | €50,108 | €99,664 | +€49,556 | +98.9% |
| Amounts receivable within one year | 40/41 | €14,284 | €17,292 | +€3,007 | +21.1% |
| Trade receivables | 40 | €2,540 | €5,000 | +€2,460 | +96.8% |
| Other amounts receivable | 41 | €11,744 | €12,292 | +€548 | +4.7% |
| Cash at bank and in hand | 54/58 | €35,425 | €72,701 | +€37,276 | +105% |
| Deferred charges and accrued income | 490/1 | €398 | €9,671 | +€9,273 | +2,327% |
| Total equity and liabilities | 10/49 | €1,001,113 | €996,863 | -€4,249 | -0.4% |
| Equity | 10/15 | €28,815 | €28,815 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,215 | €10,215 | = | 0.0% |
| Distributable reserves | 133 | €10,215 | €10,215 | = | 0.0% |
| Amounts payable | 17/49 | €972,298 | €968,049 | -€4,249 | -0.4% |
| Amounts payable after more than one year | 17 | €743,280 | €698,915 | -€44,365 | -6.0% |
| Financial debts | 170/4 | €743,280 | €698,915 | -€44,365 | -6.0% |
| Amounts payable within one year | 42/48 | €227,565 | €265,047 | +€37,482 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €47,183 | €48,027 | +€843 | +1.8% |
| Trade debts | 44 | €3,715 | €14,377 | +€10,662 | +287% |
| Suppliers | 440/4 | €3,715 | €14,377 | +€10,662 | +287% |
| Taxes, remuneration and social security | 45 | €12,808 | €7,143 | -€5,665 | -44.2% |
| Taxes | 450/3 | €10,063 | €7,143 | -€2,920 | -29.0% |
| Remuneration and social security | 454/9 | €2,746 | - | -€2,746 | |
| Other amounts payable | 47/48 | €163,859 | €195,500 | +€31,641 | +19.3% |
| Accrued charges and deferred income | 492/3 | €1,452 | €4,086 | +€2,634 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,279 | €42,279 | +€2,999 | +7.6% |
| Other operating charges | 640/8 | €5,390 | €9,288 | +€3,897 | +72.3% |
| Gross operating margin | 9900 | €275,013 | €367,636 | +€92,623 | +33.7% |
| Operating profit (loss) | 9901 | €230,344 | €316,070 | +€85,726 | +37.2% |
| Financial income | 75/76B | €7 | €19 | +€13 | +189% |
| Recurring financial income | 75 | €7 | €19 | +€13 | +189% |
| Financial charges | 65/66B | €17,068 | €17,116 | +€49 | +0.3% |
| Recurring financial charges | 65 | €17,068 | €17,116 | +€49 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €213,282 | €298,973 | +€85,690 | +40.2% |
| Income taxes | 67/77 | €49,655 | €68,973 | +€19,318 | +38.9% |
| Profit (loss) for the period | 9904 | €163,628 | €230,000 | +€66,372 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €163,628 | €230,000 | +€66,372 | +40.6% |
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 1 November 2026 via checked.be.