Goe'gekeurd: 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.
Goe'gekeurd
Largest movements
- Stocks and contracts +€10,000
new in 2025: €10,000
- Cash +€6,993
up €6,993 (+19.6%), from €35,654 to €42,647
mainly Other debts (+€31,560) and Net result for the year (+€31,212)
- Tangible fixed assets -€1,818
down €1,818 (-11.0%), from €16,509 to €14,691
of which Furniture and vehicles: -€1,434
- Intangible fixed assets +€1,238
up €1,238 (+61.4%), from €2,018 to €3,256
- Other debts +€31,560
new in 2025: €31,560
- Profit (loss) carried forward -€19,665
down €19,665 (-100%), from €19,665 to €0
- Tax, wage and social debts +€7,381
up €7,381 (+75.2%), from €9,815 to €17,196
- Trade debts -€7,053
down €7,053 (-28.6%), from €24,671 to €17,618
- Reserves +€3,963
up €3,963 (+14.5%), from €27,249 to €31,212
- Gross operating margin +€20,931
up €20,931 (+38.6%), from €54,175 to €75,106
- Staff costs -€14,375
down €14,375 (-41.1%), from €34,957 to €20,582
- Taxes +€7,654
up €7,654 (+215%), from €3,553 to €11,207
- Other operating charges -€4,171
down €4,171 (-47.2%), from €8,830 to €4,659
- Depreciation +€1,561
up €1,561 (+29.3%), from €5,331 to €6,893
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 | €82,401 | €98,587 | +€16,186 | +19.6% |
| Formation expenses | 20 | €840 | €442 | -€397 | -47.3% |
| Fixed assets | 21/28 | €18,527 | €17,947 | -€580 | -3.1% |
| Intangible fixed assets | 21 | €2,018 | €3,256 | +€1,238 | +61.4% |
| Tangible fixed assets | 22/27 | €16,509 | €14,691 | -€1,818 | -11.0% |
| Plant, machinery and equipment | 23 | €3,883 | €3,499 | -€384 | -9.9% |
| Furniture and vehicles | 24 | €12,626 | €11,192 | -€1,434 | -11.4% |
| Current assets | 29/58 | €63,035 | €80,198 | +€17,163 | +27.2% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €23,375 | €23,928 | +€553 | +2.4% |
| Trade receivables | 40 | €7,883 | €18,507 | +€10,624 | +135% |
| Other amounts receivable | 41 | €15,492 | €5,421 | -€10,071 | -65.0% |
| Cash at bank and in hand | 54/58 | €35,654 | €42,647 | +€6,993 | +19.6% |
| Deferred charges and accrued income | 490/1 | €4,006 | €3,623 | -€382 | -9.5% |
| Total equity and liabilities | 10/49 | €82,401 | €98,587 | +€16,186 | +19.6% |
| Equity | 10/15 | €47,914 | €32,212 | -€15,702 | -32.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,249 | €31,212 | +€3,963 | +14.5% |
| Distributable reserves | 133 | €27,249 | €31,212 | +€3,963 | +14.5% |
| Profit (loss) carried forward | 14 | €19,665 | €0 | -€19,665 | -100% |
| Amounts payable | 17/49 | €34,487 | €66,374 | +€31,888 | +92.5% |
| Amounts payable within one year | 42/48 | €34,487 | €66,374 | +€31,888 | +92.5% |
| Trade debts | 44 | €24,671 | €17,618 | -€7,053 | -28.6% |
| Suppliers | 440/4 | €24,671 | €17,618 | -€7,053 | -28.6% |
| Taxes, remuneration and social security | 45 | €9,815 | €17,196 | +€7,381 | +75.2% |
| Taxes | 450/3 | €9,815 | €17,196 | +€7,381 | +75.2% |
| Other amounts payable | 47/48 | - | €31,560 | +€31,560 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,957 | €20,582 | -€14,375 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,331 | €6,893 | +€1,561 | +29.3% |
| Other operating charges | 640/8 | €8,830 | €4,659 | -€4,171 | -47.2% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €54,175 | €75,106 | +€20,931 | +38.6% |
| Operating profit (loss) | 9901 | €5,057 | €42,722 | +€37,665 | +745% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €206 | €303 | +€97 | +47.1% |
| Recurring financial charges | 65 | €206 | €303 | +€97 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €4,857 | €42,420 | +€37,563 | +773% |
| Income taxes | 67/77 | €3,553 | €11,207 | +€7,654 | +215% |
| Profit (loss) for the period | 9904 | €1,304 | €31,212 | +€29,908 | +2,293% |
| Profit (loss) for the period to be appropriated | 9905 | €1,304 | €31,212 | +€29,908 | +2,293% |
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 26 October 2026 via checked.be.