GOEBOUW: 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.
GOEBOUW
Largest movements
- Stocks and contracts +€297,031
up €297,031 (+1482.3%), from €20,039 to €317,070
- Cash -€85,259
down €85,259 (-79.0%), from €107,858 to €22,599
mainly Stocks and contracts (-€297,031) and Net result for the year (-€58,983)
- Receivables within one year -€13,223
down €13,223 (-56.7%), from €23,311 to €10,088
of which Trade receivables: -€12,435
- Short-term financial debts +€226,000
new in 2025: €226,000
- Profit (loss) carried forward -€58,983
new in 2025: -€58,983
- Debts after one year +€25,000
new in 2025: €25,000
- Other debts +€7,736
up €7,736 (+5.8%), from €133,079 to €140,815
- Tax, wage and social debts -€3,842
down €3,842 (-90.3%), from €4,253 to €411
- Gross operating margin -€85,397
down €85,397, from €38,120 to -€47,277
- Financial charges -€14,138
down €14,138 (-68.1%), from €20,753 to €6,615
- Depreciation -€3,071
down €3,071 (-53.4%), from €5,755 to €2,684
- Taxes -€2,168
no longer reported in 2025 (was €2,168)
- Other operating charges +€516
up €516 (+24.3%), from €2,128 to €2,645
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 | €157,146 | €354,812 | +€197,666 | +125.8% |
| Formation expenses | 20 | €668 | €0 | -€668 | -100.0% |
| Fixed assets | 21/28 | €4,116 | €2,060 | -€2,056 | -49.9% |
| Tangible fixed assets | 22/27 | €4,076 | €2,060 | -€2,016 | -49.5% |
| Land and buildings | 22 | €666 | €332 | -€333 | -50.1% |
| Plant, machinery and equipment | 23 | €1,332 | €775 | -€557 | -41.8% |
| Furniture and vehicles | 24 | €2,079 | €953 | -€1,126 | -54.2% |
| Financial fixed assets | 28 | €40 | - | -€40 | |
| Current assets | 29/58 | €152,361 | €352,752 | +€200,390 | +131.5% |
| Stocks and contracts in progress | 3 | €20,039 | €317,070 | +€297,031 | +1482.3% |
| Stocks | 30/36 | €20,039 | €317,070 | +€297,031 | +1482.3% |
| Amounts receivable within one year | 40/41 | €23,311 | €10,088 | -€13,223 | -56.7% |
| Trade receivables | 40 | €12,435 | - | -€12,435 | |
| Other amounts receivable | 41 | €10,876 | €10,088 | -€788 | -7.2% |
| Cash at bank and in hand | 54/58 | €107,858 | €22,599 | -€85,259 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,153 | €2,994 | +€1,841 | +159.7% |
| Total equity and liabilities | 10/49 | €157,146 | €354,812 | +€197,666 | +125.8% |
| Equity | 10/15 | €19,352 | -€39,631 | -€58,983 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €7,352 | €7,352 | = | 0.0% |
| Distributable reserves | 133 | €7,352 | €7,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€58,983 | -€58,983 | |
| Amounts payable | 17/49 | €137,794 | €394,443 | +€256,649 | +186.3% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €137,794 | €369,443 | +€231,649 | +168.1% |
| Financial debts | 43 | - | €226,000 | +€226,000 | |
| Credit institutions | 430/8 | - | €226,000 | +€226,000 | |
| Trade debts | 44 | €461 | €2,217 | +€1,755 | +380.6% |
| Suppliers | 440/4 | €461 | €2,217 | +€1,755 | +380.6% |
| Taxes, remuneration and social security | 45 | €4,253 | €411 | -€3,842 | -90.3% |
| Taxes | 450/3 | €4,253 | €411 | -€3,842 | -90.3% |
| Other amounts payable | 47/48 | €133,079 | €140,815 | +€7,736 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,755 | €2,684 | -€3,071 | -53.4% |
| Other operating charges | 640/8 | €2,128 | €2,645 | +€516 | +24.3% |
| Gross operating margin | 9900 | €38,120 | -€47,277 | -€85,397 | |
| Operating profit (loss) | 9901 | €30,237 | -€52,606 | -€82,842 | |
| Financial income | 75/76B | €36 | €238 | +€201 | +557.2% |
| Recurring financial income | 75 | €36 | €238 | +€201 | +557.2% |
| Financial charges | 65/66B | €20,753 | €6,615 | -€14,138 | -68.1% |
| Recurring financial charges | 65 | €20,753 | €6,615 | -€14,138 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €9,520 | -€58,983 | -€68,503 | |
| Income taxes | 67/77 | €2,168 | - | -€2,168 | |
| Profit (loss) for the period | 9904 | €7,352 | -€58,983 | -€66,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,352 | -€58,983 | -€66,335 |
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 7 October 2026 via checked.be.