GOBIN & ZOON: 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.
GOBIN & ZOON
Largest movements
- Tangible fixed assets +€127,924
up €127,924 (+28.2%), from €453,899 to €581,823
of which Furniture and vehicles: +€167,446
- Cash -€16,681
down €16,681 (-78.8%), from €21,172 to €4,492
mainly Investment in fixed assets (net) (-€182,344) and Stocks and contracts (-€6,601)
- Receivables within one year -€7,004
down €7,004 (-12.0%), from €58,161 to €51,157
of which Trade receivables: -€33,920
- Other debts +€41,349
up €41,349 (+14.2%), from €290,449 to €331,798
- Trade debts +€38,220
up €38,220 (+205%), from €18,688 to €56,908
- Reserves +€18,832
up €18,832 (+20.9%), from €90,241 to €109,074
of which Distributable reserves: +€18,832
- Tax, wage and social debts +€7,477
up €7,477 (+142%), from €5,252 to €12,728
of which Taxes: +€4,416
- Gross operating margin +€15,955
up €15,955 (+12.3%), from €129,786 to €145,741
- Staff costs +€8,976
up €8,976 (+27.1%), from €33,065 to €42,041
- Depreciation -€6,349
down €6,349 (-10.4%), from €60,769 to €54,420
- Financial income -€5,092
down €5,092 (-76.5%), from €6,655 to €1,563
- Financial charges +€2,248
up €2,248 (+12.3%), from €18,337 to €20,585
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 | €552,830 | €663,011 | +€110,181 | +19.9% |
| Fixed assets | 21/28 | €454,342 | €582,266 | +€127,924 | +28.2% |
| Tangible fixed assets | 22/27 | €453,899 | €581,823 | +€127,924 | +28.2% |
| Land and buildings | 22 | €223,104 | €223,104 | = | 0.0% |
| Plant, machinery and equipment | 23 | €214,769 | €175,247 | -€39,522 | -18.4% |
| Furniture and vehicles | 24 | €16,026 | €183,472 | +€167,446 | +1,045% |
| Financial fixed assets | 28 | €444 | €444 | = | 0.0% |
| Current assets | 29/58 | €98,488 | €80,745 | -€17,743 | -18.0% |
| Stocks and contracts in progress | 3 | €14,134 | €20,735 | +€6,601 | +46.7% |
| Stocks | 30/36 | €14,134 | €20,735 | +€6,601 | +46.7% |
| Amounts receivable within one year | 40/41 | €58,161 | €51,157 | -€7,004 | -12.0% |
| Trade receivables | 40 | €47,049 | €13,130 | -€33,920 | -72.1% |
| Other amounts receivable | 41 | €11,112 | €38,027 | +€26,915 | +242% |
| Cash at bank and in hand | 54/58 | €21,172 | €4,492 | -€16,681 | -78.8% |
| Deferred charges and accrued income | 490/1 | €5,021 | €4,362 | -€659 | -13.1% |
| Total equity and liabilities | 10/49 | €552,830 | €663,011 | +€110,181 | +19.9% |
| Equity | 10/15 | €152,241 | €171,074 | +€18,832 | +12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €90,241 | €109,074 | +€18,832 | +20.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €84,041 | €102,874 | +€18,832 | +22.4% |
| Amounts payable | 17/49 | €400,589 | €491,938 | +€91,349 | +22.8% |
| Amounts payable after more than one year | 17 | €53,813 | €55,930 | +€2,117 | +3.9% |
| Financial debts | 170/4 | €53,813 | €55,930 | +€2,117 | +3.9% |
| Amounts payable within one year | 42/48 | €329,578 | €422,000 | +€92,422 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €15,190 | €20,566 | +€5,376 | +35.4% |
| Trade debts | 44 | €18,688 | €56,908 | +€38,220 | +205% |
| Suppliers | 440/4 | €18,688 | €56,908 | +€38,220 | +205% |
| Taxes, remuneration and social security | 45 | €5,252 | €12,728 | +€7,477 | +142% |
| Taxes | 450/3 | €2,293 | €6,709 | +€4,416 | +193% |
| Remuneration and social security | 454/9 | €2,959 | €6,020 | +€3,060 | +103% |
| Other amounts payable | 47/48 | €290,449 | €331,798 | +€41,349 | +14.2% |
| Accrued charges and deferred income | 492/3 | €17,197 | €14,007 | -€3,190 | -18.5% |
| Non-recurring operating income | 76A | €45,683 | €0 | -€45,683 | -100% |
| Remuneration, social security and pensions | 62 | €33,065 | €42,041 | +€8,976 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,769 | €54,420 | -€6,349 | -10.4% |
| Other operating charges | 640/8 | €10,471 | €9,542 | -€929 | -8.9% |
| Non-recurring operating charges | 66A | €1,799 | €0 | -€1,799 | -100% |
| Gross operating margin | 9900 | €129,786 | €145,741 | +€15,955 | +12.3% |
| Operating profit (loss) | 9901 | €23,682 | €39,738 | +€16,056 | +67.8% |
| Financial income | 75/76B | €6,655 | €1,563 | -€5,092 | -76.5% |
| Recurring financial income | 75 | €6,655 | €1,563 | -€5,092 | -76.5% |
| Financial charges | 65/66B | €18,337 | €20,585 | +€2,248 | +12.3% |
| Recurring financial charges | 65 | €18,337 | €20,585 | +€2,248 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €12,000 | €20,716 | +€8,716 | +72.6% |
| Income taxes | 67/77 | €1,091 | €1,883 | +€792 | +72.6% |
| Profit (loss) for the period | 9904 | €10,909 | €18,832 | +€7,923 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,909 | €18,832 | +€7,923 | +72.6% |
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 25 October 2026 via checked.be.