GOBELIJN: 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.
GOBELIJN
Largest movements
- Tangible fixed assets +€75,461
up €75,461 (+562%), from €13,435 to €88,897
of which Furniture and vehicles: +€43,537
- Stocks and contracts -€16,462
down €16,462 (-22.6%), from €72,873 to €56,411
- Cash +€10,939
up €10,939 (+541%), from €2,024 to €12,963
mainly Debts after one year (+€48,000) and Depreciation (+€16,642)
- Receivables within one year -€6,545
down €6,545 (-22.9%), from €28,526 to €21,981
of which Trade receivables: -€6,748
- Debts after one year +€48,000
new in 2025: €48,000
- Other debts +€11,530
up €11,530 (+23.6%), from €48,813 to €60,343
- Trade debts +€10,052
up €10,052 (+728%), from €1,381 to €11,433
- Short-term financial debts -€8,240
down €8,240 (-62.2%), from €13,240 to €5,000
- Profit (loss) carried forward +€5,680
up €5,680 (+173%), from €3,290 to €8,970
- Gross operating margin +€16,902
up €16,902 (+129%), from €13,061 to €29,963
- Depreciation +€13,663
up €13,663 (+459%), from €2,979 to €16,642
- Financial charges -€1,040
down €1,040 (-13.7%), from €7,605 to €6,565
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 | €116,899 | €180,292 | +€63,393 | +54.2% |
| Fixed assets | 21/28 | €13,475 | €88,937 | +€75,461 | +560% |
| Tangible fixed assets | 22/27 | €13,435 | €88,897 | +€75,461 | +562% |
| Plant, machinery and equipment | 23 | €11,377 | €42,775 | +€31,397 | +276% |
| Furniture and vehicles | 24 | €0 | €43,537 | +€43,537 | |
| Other tangible fixed assets | 26 | €2,058 | €2,585 | +€527 | +25.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €103,423 | €91,355 | -€12,068 | -11.7% |
| Stocks and contracts in progress | 3 | €72,873 | €56,411 | -€16,462 | -22.6% |
| Stocks | 30/36 | €72,873 | €56,411 | -€16,462 | -22.6% |
| Amounts receivable within one year | 40/41 | €28,526 | €21,981 | -€6,545 | -22.9% |
| Trade receivables | 40 | €28,518 | €21,771 | -€6,748 | -23.7% |
| Other amounts receivable | 41 | €8 | €211 | +€203 | +2,520% |
| Cash at bank and in hand | 54/58 | €2,024 | €12,963 | +€10,939 | +541% |
| Total equity and liabilities | 10/49 | €116,899 | €180,292 | +€63,393 | +54.2% |
| Equity | 10/15 | €17,550 | €23,230 | +€5,680 | +32.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,290 | €8,970 | +€5,680 | +173% |
| Amounts payable | 17/49 | €99,349 | €157,062 | +€57,714 | +58.1% |
| Amounts payable after more than one year | 17 | - | €48,000 | +€48,000 | |
| Financial debts | 170/4 | - | €48,000 | +€48,000 | |
| Amounts payable within one year | 42/48 | €98,661 | €106,777 | +€8,116 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €30,000 | -€2,500 | -7.7% |
| Financial debts | 43 | €13,240 | €5,000 | -€8,240 | -62.2% |
| Credit institutions | 430/8 | €13,240 | €5,000 | -€8,240 | -62.2% |
| Trade debts | 44 | €1,381 | €11,433 | +€10,052 | +728% |
| Suppliers | 440/4 | €1,381 | €11,433 | +€10,052 | +728% |
| Taxes, remuneration and social security | 45 | €2,727 | €0 | -€2,727 | -100% |
| Taxes | 450/3 | €1,727 | €0 | -€1,727 | -100% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €48,813 | €60,343 | +€11,530 | +23.6% |
| Accrued charges and deferred income | 492/3 | €688 | €2,286 | +€1,598 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €16,642 | +€13,663 | +459% |
| Other operating charges | 640/8 | €867 | €1,080 | +€214 | +24.6% |
| Gross operating margin | 9900 | €13,061 | €29,963 | +€16,902 | +129% |
| Operating profit (loss) | 9901 | €9,216 | €12,240 | +€3,025 | +32.8% |
| Financial income | 75/76B | €21 | €7 | -€15 | -68.3% |
| Recurring financial income | 75 | €21 | €7 | -€15 | -68.3% |
| Financial charges | 65/66B | €7,605 | €6,565 | -€1,040 | -13.7% |
| Recurring financial charges | 65 | €7,605 | €6,565 | -€1,040 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €1,632 | €5,682 | +€4,050 | +248% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €1,632 | €5,680 | +€4,048 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €1,632 | €5,680 | +€4,048 | +248% |
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 20 October 2026 via checked.be.