GOEBELS: 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.
GOEBELS
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€24,619
up €24,619 (+42.1%), from €58,450 to €83,069
mainly Current investments (+€50,000) and Net result for the year (+€24,743)
- Receivables within one year +€4,396
up €4,396 (+549.5%), from €800 to €5,196
of which Other amounts receivable: +€2,896
- Other debts -€28,000
no longer reported in 2025 (was €28,000)
- Profit (loss) carried forward +€24,743
up €24,743 (+56.8%), from €43,543 to €68,286
- Tax, wage and social debts -€12,919
no longer reported in 2025 (was €12,919)
- Advances received -€8,088
no longer reported in 2025 (was €8,088)
- Trade debts +€2,171
up €2,171 (+275.5%), from €788 to €2,959
- Gross operating margin -€8,447
down €8,447 (-16.7%), from €50,609 to €42,162
- Write-downs +€3,669
no longer reported in 2025 (was -€3,669)
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 | €113,743 | €91,650 | -€22,093 | -19.4% |
| Fixed assets | 21/28 | €3,358 | €2,519 | -€839 | -25.0% |
| Tangible fixed assets | 22/27 | €3,358 | €2,519 | -€839 | -25.0% |
| Plant, machinery and equipment | 23 | €3,358 | €2,519 | -€839 | -25.0% |
| Current assets | 29/58 | €110,385 | €89,131 | -€21,254 | -19.3% |
| Stocks and contracts in progress | 3 | €1,135 | €866 | -€269 | -23.7% |
| Stocks | 30/36 | €1,135 | €866 | -€269 | -23.7% |
| Amounts receivable within one year | 40/41 | €800 | €5,196 | +€4,396 | +549.5% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €800 | €3,696 | +€2,896 | +362.0% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €58,450 | €83,069 | +€24,619 | +42.1% |
| Total equity and liabilities | 10/49 | €113,743 | €91,650 | -€22,093 | -19.4% |
| Equity | 10/15 | €63,948 | €88,691 | +€24,743 | +38.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,543 | €68,286 | +€24,743 | +56.8% |
| Amounts payable | 17/49 | €49,795 | €2,959 | -€46,836 | -94.1% |
| Amounts payable within one year | 42/48 | €49,795 | €2,959 | -€46,836 | -94.1% |
| Trade debts | 44 | €788 | €2,959 | +€2,171 | +275.5% |
| Suppliers | 440/4 | €788 | €2,959 | +€2,171 | +275.5% |
| Advances received on contracts in progress | 46 | €8,088 | - | -€8,088 | |
| Taxes, remuneration and social security | 45 | €12,919 | - | -€12,919 | |
| Taxes | 450/3 | €12,919 | - | -€12,919 | |
| Other amounts payable | 47/48 | €28,000 | - | -€28,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €840 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,669 | - | +€3,669 | |
| Other operating charges | 640/8 | €5,643 | €5,745 | +€102 | +1.8% |
| Gross operating margin | 9900 | €50,609 | €42,162 | -€8,447 | -16.7% |
| Operating profit (loss) | 9901 | €47,795 | €35,577 | -€12,218 | -25.6% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €53 | €110 | +€57 | +107.5% |
| Recurring financial charges | 65 | €53 | €110 | +€57 | +107.5% |
| Profit (loss) for the period before taxes | 9903 | €47,742 | €35,639 | -€12,103 | -25.4% |
| Income taxes | 67/77 | €11,000 | €10,896 | -€104 | -0.9% |
| Profit (loss) for the period | 9904 | €36,742 | €24,743 | -€11,999 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,742 | €24,743 | -€11,999 | -32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.