Goderis - De Keyser: 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.
Goderis - De Keyser
Largest movements
- Receivables within one year +€11,535
up €11,535 (+47.8%), from €24,144 to €35,679
of which Trade receivables: +€11,324
- Tangible fixed assets +€9,217
up €9,217 (+17.1%), from €53,844 to €63,062
of which Furniture and vehicles: +€10,930
- Reserves +€18,767
up €18,767 (+68.8%), from €27,277 to €46,044
- Tax, wage and social debts +€8,521
up €8,521 (+118.3%), from €7,203 to €15,724
- Debts after one year -€6,000
down €6,000 (-9.5%), from €63,000 to €57,000
of which Financial debts: -€6,000
- Current portion of long-term debt -€5,833
down €5,833 (-49.3%), from €11,833 to €6,000
- Accrued charges and deferred income +€2,188
up €2,188 (+147.0%), from €1,488 to €3,676
- Gross operating margin +€27,151
up €27,151 (+85.5%), from €31,748 to €58,899
- Depreciation -€15,220
down €15,220 (-42.1%), from €36,186 to €20,966
- Taxes +€6,803
up €6,803 (+1056.3%), from €644 to €7,447
- Financial charges +€1,510
up €1,510 (+47.3%), from €3,193 to €4,702
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 | €138,428 | €158,662 | +€20,234 | +14.6% |
| Fixed assets | 21/28 | €56,729 | €65,197 | +€8,467 | +14.9% |
| Tangible fixed assets | 22/27 | €53,844 | €63,062 | +€9,217 | +17.1% |
| Plant, machinery and equipment | 23 | €1,567 | €3,461 | +€1,895 | +121.0% |
| Furniture and vehicles | 24 | €48,671 | €59,600 | +€10,930 | +22.5% |
| Leasing and similar rights | 25 | €3,607 | - | -€3,607 | |
| Financial fixed assets | 28 | €2,885 | €2,135 | -€750 | -26.0% |
| Current assets | 29/58 | €81,699 | €93,465 | +€11,766 | +14.4% |
| Amounts receivable within one year | 40/41 | €24,144 | €35,679 | +€11,535 | +47.8% |
| Trade receivables | 40 | €23,614 | €34,938 | +€11,324 | +48.0% |
| Other amounts receivable | 41 | €530 | €741 | +€211 | +39.8% |
| Cash at bank and in hand | 54/58 | €56,207 | €55,955 | -€252 | -0.4% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,832 | +€484 | +35.9% |
| Total equity and liabilities | 10/49 | €138,428 | €158,662 | +€20,234 | +14.6% |
| Equity | 10/15 | €45,277 | €64,044 | +€18,767 | +41.4% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €27,277 | €46,044 | +€18,767 | +68.8% |
| Distributable reserves | 133 | €27,277 | €46,044 | +€18,767 | +68.8% |
| Amounts payable | 17/49 | €93,151 | €94,618 | +€1,467 | +1.6% |
| Amounts payable after more than one year | 17 | €63,000 | €57,000 | -€6,000 | -9.5% |
| Financial debts | 170/4 | €15,500 | €9,500 | -€6,000 | -38.7% |
| Other amounts payable | 178/9 | €47,500 | €47,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,663 | €33,942 | +€5,279 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €11,833 | €6,000 | -€5,833 | -49.3% |
| Trade debts | 44 | €7,004 | €9,160 | +€2,155 | +30.8% |
| Suppliers | 440/4 | €7,004 | €9,160 | +€2,155 | +30.8% |
| Taxes, remuneration and social security | 45 | €7,203 | €15,724 | +€8,521 | +118.3% |
| Taxes | 450/3 | €7,203 | €15,724 | +€8,521 | +118.3% |
| Other amounts payable | 47/48 | €2,623 | €3,059 | +€436 | +16.6% |
| Accrued charges and deferred income | 492/3 | €1,488 | €3,676 | +€2,188 | +147.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,186 | €20,966 | -€15,220 | -42.1% |
| Other operating charges | 640/8 | €2,097 | €1,817 | -€280 | -13.3% |
| Gross operating margin | 9900 | €31,748 | €58,899 | +€27,151 | +85.5% |
| Operating profit (loss) | 9901 | -€6,536 | €36,116 | +€42,651 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,193 | €4,702 | +€1,510 | +47.3% |
| Recurring financial charges | 65 | €3,193 | €4,702 | +€1,510 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,728 | €31,414 | +€41,142 | |
| Income taxes | 67/77 | €644 | €7,447 | +€6,803 | +1056.3% |
| Profit (loss) for the period | 9904 | -€10,372 | €23,967 | +€34,339 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,372 | €23,967 | +€34,339 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.