Frank Goossens: what changed
Frank Goossens
Largest movements
- Receivables within one year +€235,075
up €235,075 (+85.8%), from €273,899 to €508,974
of which Trade receivables: +€161,699
- Receivables after one year -€125,893
down €125,893 (-100%), from €125,893 to €0
- Cash +€38,014
up €38,014 (+45.7%), from €83,094 to €121,108
mainly Net result for the year (+€135,543) and Receivables after one year (+€125,893)
- Deferred charges and accrued income -€18,336
down €18,336 (-92.7%), from €19,778 to €1,442
- Reserves +€86,038
up €86,038 (+18.5%), from €464,195 to €550,233
of which Distributable reserves: +€86,038
- Trade debts +€26,494
up €26,494 (+123%), from €21,551 to €48,044
- Tax, wage and social debts +€16,148
up €16,148 (+228%), from €7,085 to €23,233
- Gross operating margin +€130,698
up €130,698 (+254%), from €51,443 to €182,141
- Taxes +€47,191
up €47,191 (+268%), from €17,590 to €64,781
- Financial income +€13,777
up €13,777 (+206%), from €6,698 to €20,474
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,912 | €641,511 | +€128,599 | +25.1% |
| Fixed assets | 21/28 | €10,249 | €9,988 | -€261 | -2.5% |
| Tangible fixed assets | 22/27 | €10,249 | €9,988 | -€261 | -2.5% |
| Plant, machinery and equipment | 23 | €454 | €303 | -€151 | -33.3% |
| Furniture and vehicles | 24 | €9,795 | €9,685 | -€110 | -1.1% |
| Current assets | 29/58 | €502,663 | €631,523 | +€128,860 | +25.6% |
| Amounts receivable after more than one year | 29 | €125,893 | €0 | -€125,893 | -100% |
| Other amounts receivable | 291 | €125,893 | €0 | -€125,893 | -100% |
| Amounts receivable within one year | 40/41 | €273,899 | €508,974 | +€235,075 | +85.8% |
| Trade receivables | 40 | €57,344 | €219,043 | +€161,699 | +282% |
| Other amounts receivable | 41 | €216,555 | €289,931 | +€73,376 | +33.9% |
| Cash at bank and in hand | 54/58 | €83,094 | €121,108 | +€38,014 | +45.7% |
| Deferred charges and accrued income | 490/1 | €19,778 | €1,442 | -€18,336 | -92.7% |
| Total equity and liabilities | 10/49 | €512,912 | €641,511 | +€128,599 | +25.1% |
| Equity | 10/15 | €484,195 | €570,233 | +€86,038 | +17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €464,195 | €550,233 | +€86,038 | +18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €464,195 | €550,233 | +€86,038 | +18.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,718 | €71,278 | +€42,560 | +148% |
| Amounts payable within one year | 42/48 | €28,718 | €71,278 | +€42,560 | +148% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Other loans | 439 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €21,551 | €48,044 | +€26,494 | +123% |
| Suppliers | 440/4 | €21,551 | €48,044 | +€26,494 | +123% |
| Taxes, remuneration and social security | 45 | €7,085 | €23,233 | +€16,148 | +228% |
| Taxes | 450/3 | €7,085 | €23,233 | +€16,148 | +228% |
| Other amounts payable | 47/48 | €57 | €0 | -€57 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €1,747 | +€328 | +23.1% |
| Other operating charges | 640/8 | €552 | €400 | -€153 | -27.6% |
| Gross operating margin | 9900 | €51,443 | €182,141 | +€130,698 | +254% |
| Operating profit (loss) | 9901 | €49,471 | €179,994 | +€130,523 | +264% |
| Financial income | 75/76B | €6,698 | €20,474 | +€13,777 | +206% |
| Recurring financial income | 75 | €6,698 | €20,474 | +€13,777 | +206% |
| Financial charges | 65/66B | €1,262 | €144 | -€1,118 | -88.6% |
| Recurring financial charges | 65 | €1,262 | €144 | -€1,118 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €54,907 | €200,324 | +€145,418 | +265% |
| Income taxes | 67/77 | €17,590 | €64,781 | +€47,191 | +268% |
| Profit (loss) for the period | 9904 | €37,317 | €135,543 | +€98,226 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €37,317 | €135,543 | +€98,226 | +263% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.