Goderis & 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.
Goderis & Goemaere
Largest movements
- Receivables within one year +€83,538
up €83,538 (+384%), from €21,780 to €105,318
of which Trade receivables: +€78,256
- Cash +€68,978
up €68,978 (+147%), from €46,843 to €115,821
mainly Current investments (+€65,000) and Net result for the year (+€48,870)
- Current investments -€65,000
down €65,000 (-100%), from €65,000 to €0
- Tangible fixed assets -€23,319
down €23,319 (-15.9%), from €146,633 to €123,314
- Deferred charges and accrued income -€20,291
down €20,291 (-77.6%), from €26,140 to €5,850
- Reserves +€48,870
up €48,870 (+19.9%), from €245,107 to €293,977
- Debts after one year -€24,657
down €24,657 (-56.9%), from €43,309 to €18,652
- Tax, wage and social debts +€7,317
new in 2025: €7,317
- Gross operating margin +€28,801
up €28,801 (+46.2%), from €62,274 to €91,075
- Taxes +€11,449
up €11,449 (+153%), from €7,473 to €18,921
- Depreciation -€9,385
down €9,385 (-28.7%), from €32,704 to €23,319
- Financial income +€1,914
up €1,914 (+126%), from €1,522 to €3,436
- Financial charges -€1,464
down €1,464 (-41.8%), from €3,499 to €2,035
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 | €363,876 | €395,594 | +€31,718 | +8.7% |
| Fixed assets | 21/28 | €146,653 | €123,319 | -€23,334 | -15.9% |
| Tangible fixed assets | 22/27 | €146,633 | €123,314 | -€23,319 | -15.9% |
| Land and buildings | 22 | €71,508 | €63,191 | -€8,318 | -11.6% |
| Plant, machinery and equipment | 23 | €1,286 | €625 | -€661 | -51.4% |
| Furniture and vehicles | 24 | €18,493 | €12,315 | -€6,178 | -33.4% |
| Leasing and similar rights | 25 | €31,488 | €23,325 | -€8,163 | -25.9% |
| Other tangible fixed assets | 26 | €23,859 | €23,859 | = | 0.0% |
| Financial fixed assets | 28 | €20 | €5 | -€15 | -75.0% |
| Current assets | 29/58 | €217,222 | €272,275 | +€55,052 | +25.3% |
| Stocks and contracts in progress | 3 | €57,459 | €45,286 | -€12,173 | -21.2% |
| Stocks | 30/36 | €57,459 | €45,286 | -€12,173 | -21.2% |
| Amounts receivable within one year | 40/41 | €21,780 | €105,318 | +€83,538 | +384% |
| Trade receivables | 40 | €12,103 | €90,359 | +€78,256 | +647% |
| Other amounts receivable | 41 | €9,677 | €14,959 | +€5,282 | +54.6% |
| Current investments | 50/53 | €65,000 | €0 | -€65,000 | -100% |
| Cash at bank and in hand | 54/58 | €46,843 | €115,821 | +€68,978 | +147% |
| Deferred charges and accrued income | 490/1 | €26,140 | €5,850 | -€20,291 | -77.6% |
| Total equity and liabilities | 10/49 | €363,876 | €395,594 | +€31,718 | +8.7% |
| Equity | 10/15 | €284,167 | €333,037 | +€48,870 | +17.2% |
| Contributions | 10/11 | €39,060 | €39,060 | = | 0.0% |
| Reserves | 13 | €245,107 | €293,977 | +€48,870 | +19.9% |
| Distributable reserves | 133 | €245,107 | €293,977 | +€48,870 | +19.9% |
| Amounts payable | 17/49 | €79,708 | €62,557 | -€17,151 | -21.5% |
| Amounts payable after more than one year | 17 | €43,309 | €18,652 | -€24,657 | -56.9% |
| Financial debts | 170/4 | €43,309 | €18,652 | -€24,657 | -56.9% |
| Amounts payable within one year | 42/48 | €36,399 | €43,905 | +€7,506 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €24,096 | €24,657 | +€562 | +2.3% |
| Trade debts | 44 | €12,245 | €11,350 | -€894 | -7.3% |
| Suppliers | 440/4 | €12,245 | €11,350 | -€894 | -7.3% |
| Taxes, remuneration and social security | 45 | - | €7,317 | +€7,317 | |
| Taxes | 450/3 | - | €7,317 | +€7,317 | |
| Other amounts payable | 47/48 | €59 | €581 | +€522 | +884% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,704 | €23,319 | -€9,385 | -28.7% |
| Other operating charges | 640/8 | €1,228 | €1,366 | +€138 | +11.2% |
| Gross operating margin | 9900 | €62,274 | €91,075 | +€28,801 | +46.2% |
| Operating profit (loss) | 9901 | €28,343 | €66,390 | +€38,048 | +134% |
| Financial income | 75/76B | €1,522 | €3,436 | +€1,914 | +126% |
| Recurring financial income | 75 | €1,522 | €3,436 | +€1,914 | +126% |
| Financial charges | 65/66B | €3,499 | €2,035 | -€1,464 | -41.8% |
| Recurring financial charges | 65 | €3,499 | €2,035 | -€1,464 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €26,365 | €67,791 | +€41,426 | +157% |
| Income taxes | 67/77 | €7,473 | €18,921 | +€11,449 | +153% |
| Profit (loss) for the period | 9904 | €18,893 | €48,870 | +€29,977 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €18,893 | €48,870 | +€29,977 | +159% |
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 19 October 2026 via checked.be.