Goe Gezien: 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 Gezien
Largest movements
- Current investments -€74,000
down €74,000 (-38.3%), from €193,000 to €119,000
- Cash -€25,055
down €25,055 (-91.3%), from €27,455 to €2,399
mainly Net result for the year (-€73,698) and Other debts (-€42,243)
- Receivables within one year -€23,081
down €23,081 (-96.3%), from €23,970 to €889
of which Other amounts receivable: -€23,834
- Profit (loss) carried forward -€67,350
down €67,350, from €0 to -€67,350
- Other debts -€42,243
down €42,243 (-28.6%), from €147,493 to €105,250
- Tax, wage and social debts -€7,963
down €7,963 (-80.1%), from €9,938 to €1,975
of which Taxes: -€4,963
- Reserves -€6,348
down €6,348 (-3.0%), from €210,466 to €204,119
of which Tax-exempt reserves: -€6,348
- Gross operating margin -€88,813
down €88,813, from €48,309 to -€40,504
- Taxes -€6,222
down €6,222 (-97.9%), from €6,354 to €132
- Other operating charges +€3,178
up €3,178, from €0 to €3,178
- Financial charges -€2,934
down €2,934 (-93.1%), from €3,153 to €219
- Financial income +€1,412
up €1,412 (+247%), from €571 to €1,983
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 | €425,593 | €301,250 | -€124,343 | -29.2% |
| Fixed assets | 21/28 | €179,613 | €177,341 | -€2,272 | -1.3% |
| Tangible fixed assets | 22/27 | €179,613 | €177,341 | -€2,272 | -1.3% |
| Land and buildings | 22 | - | €24,640 | +€24,640 | |
| Plant, machinery and equipment | 23 | €130,619 | €109,690 | -€20,929 | -16.0% |
| Furniture and vehicles | 24 | €48,993 | €36,337 | -€12,657 | -25.8% |
| Other tangible fixed assets | 26 | - | €6,674 | +€6,674 | |
| Current assets | 29/58 | €245,980 | €123,909 | -€122,071 | -49.6% |
| Amounts receivable within one year | 40/41 | €23,970 | €889 | -€23,081 | -96.3% |
| Trade receivables | 40 | €0 | €753 | +€753 | |
| Other amounts receivable | 41 | €23,970 | €136 | -€23,834 | -99.4% |
| Current investments | 50/53 | €193,000 | €119,000 | -€74,000 | -38.3% |
| Cash at bank and in hand | 54/58 | €27,455 | €2,399 | -€25,055 | -91.3% |
| Deferred charges and accrued income | 490/1 | €1,555 | €1,621 | +€66 | +4.2% |
| Total equity and liabilities | 10/49 | €425,593 | €301,250 | -€124,343 | -29.2% |
| Equity | 10/15 | €229,066 | €155,369 | -€73,698 | -32.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,466 | €204,119 | -€6,348 | -3.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €114,616 | €108,269 | -€6,348 | -5.5% |
| Distributable reserves | 133 | €95,850 | €95,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€67,350 | -€67,350 | |
| Provisions and deferred taxes | 16 | €38,205 | €36,090 | -€2,116 | -5.5% |
| Deferred taxes | 168 | €38,205 | €36,090 | -€2,116 | -5.5% |
| Amounts payable | 17/49 | €158,321 | €109,792 | -€48,529 | -30.7% |
| Amounts payable within one year | 42/48 | €158,321 | €109,792 | -€48,529 | -30.7% |
| Financial debts | 43 | €5 | €99 | +€94 | +1,754% |
| Credit institutions | 430/8 | €5 | €99 | +€94 | +1,754% |
| Trade debts | 44 | €884 | €2,468 | +€1,583 | +179% |
| Suppliers | 440/4 | €884 | €2,468 | +€1,583 | +179% |
| Taxes, remuneration and social security | 45 | €9,938 | €1,975 | -€7,963 | -80.1% |
| Taxes | 450/3 | €6,938 | €1,975 | -€4,963 | -71.5% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €147,493 | €105,250 | -€42,243 | -28.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €25,000 | €0 | -€25,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,000 | €33,763 | +€763 | +2.3% |
| Other operating charges | 640/8 | €0 | €3,178 | +€3,178 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,309 | -€40,504 | -€88,813 | |
| Operating profit (loss) | 9901 | €15,309 | -€77,446 | -€92,755 | |
| Financial income | 75/76B | €571 | €1,983 | +€1,412 | +247% |
| Recurring financial income | 75 | €571 | €1,983 | +€1,412 | +247% |
| Financial charges | 65/66B | €3,153 | €219 | -€2,934 | -93.1% |
| Recurring financial charges | 65 | €3,153 | €219 | -€2,934 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €12,728 | -€75,681 | -€88,409 | |
| Transfer from deferred taxes | 780 | €2,089 | €2,116 | +€26 | +1.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €6,354 | €132 | -€6,222 | -97.9% |
| Profit (loss) for the period | 9904 | €8,463 | -€73,698 | -€82,160 | |
| Transfer from tax-exempt reserves | 789 | €6,268 | €6,348 | +€79 | +1.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €14,731 | -€67,350 | -€82,081 |
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 30 October 2026 via checked.be.