GOEDE AARDE: 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.
GOEDE AARDE
Largest movements
- Receivables within one year +€1.9m
up €1.9m (+18,413%), from €10,420 to €1.9m
of which Other amounts receivable: +€1.9m
- Stocks and contracts -€1.0m
down €1.0m (-97.7%), from €1.0m to €23,691
- Financial fixed assets +€506,137
up €506,137 (+267%), from €189,588 to €695,725
- Current investments -€330,000
down €330,000 (-100%), from €330,000 to €0
- Reserves +€741,615
up €741,615 (+43.4%), from €1.7m to €2.5m
- Tax, wage and social debts +€197,000
new in 2025: €197,000
- Other debts +€140,000
up €140,000, from €0 to €140,000
- Financial charges +€2.2m
up €2.2m (+230%), from €960,205 to €3.2m
of which Non-recurring financial charges: +€2.2m
- Financial income +€2.2m
up €2.2m (+222%), from €992,499 to €3.2m
of which Non-recurring financial income: +€3.2m
- Gross operating margin +€934,157
up €934,157, from -€21,100 to €913,057
- Taxes +€197,363
up €197,363 (+220,591%), from €89 to €197,452
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 | €1,727,935 | €2,807,069 | +€1.1m | +62.5% |
| Fixed assets | 21/28 | €189,588 | €695,725 | +€506,137 | +267% |
| Financial fixed assets | 28 | €189,588 | €695,725 | +€506,137 | +267% |
| Current assets | 29/58 | €1,538,347 | €2,111,344 | +€572,997 | +37.2% |
| Stocks and contracts in progress | 3 | €1,036,135 | €23,691 | -€1.0m | -97.7% |
| Stocks | 30/36 | €1,036,135 | €23,691 | -€1.0m | -97.7% |
| Amounts receivable within one year | 40/41 | €10,420 | €1,929,043 | +€1.9m | +18,413% |
| Trade receivables | 40 | - | €1,123 | +€1,123 | |
| Other amounts receivable | 41 | €10,420 | €1,927,920 | +€1.9m | +18,402% |
| Current investments | 50/53 | €330,000 | €0 | -€330,000 | -100% |
| Cash at bank and in hand | 54/58 | €161,257 | €136,478 | -€24,779 | -15.4% |
| Deferred charges and accrued income | 490/1 | €535 | €22,133 | +€21,597 | +4,035% |
| Total equity and liabilities | 10/49 | €1,727,935 | €2,807,069 | +€1.1m | +62.5% |
| Equity | 10/15 | €1,722,486 | €2,464,101 | +€741,615 | +43.1% |
| Contributions | 10/11 | €12,563 | €12,563 | = | 0.0% |
| Reserves | 13 | €1,709,923 | €2,451,538 | +€741,615 | +43.4% |
| Distributable reserves | 133 | €1,709,923 | €2,451,538 | +€741,615 | +43.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,449 | €342,968 | +€337,519 | +6,194% |
| Amounts payable within one year | 42/48 | €3,201 | €342,069 | +€338,868 | +10,586% |
| Trade debts | 44 | €3,201 | €5,069 | +€1,868 | +58.4% |
| Suppliers | 440/4 | €3,201 | €5,069 | +€1,868 | +58.4% |
| Taxes, remuneration and social security | 45 | - | €197,000 | +€197,000 | |
| Taxes | 450/3 | - | €197,000 | +€197,000 | |
| Other amounts payable | 47/48 | €0 | €140,000 | +€140,000 | |
| Accrued charges and deferred income | 492/3 | €2,248 | €899 | -€1,349 | -60.0% |
| Other operating charges | 640/8 | €2,681 | €3,722 | +€1,041 | +38.8% |
| Gross operating margin | 9900 | -€21,100 | €913,057 | +€934,157 | |
| Operating profit (loss) | 9901 | -€23,781 | €909,335 | +€933,116 | |
| Financial income | 75/76B | €992,499 | €3,199,636 | +€2.2m | +222% |
| Recurring financial income | 75 | €992,499 | €27,178 | -€965,321 | -97.3% |
| Non-recurring financial income | 76B | - | €3,172,458 | +€3.2m | |
| Financial charges | 65/66B | €960,205 | €3,169,904 | +€2.2m | +230% |
| Recurring financial charges | 65 | €205 | €1,132 | +€927 | +452% |
| Non-recurring financial charges | 66B | €960,000 | €3,168,773 | +€2.2m | +230% |
| Profit (loss) for the period before taxes | 9903 | €8,513 | €939,067 | +€930,554 | +10,932% |
| Income taxes | 67/77 | €89 | €197,452 | +€197,363 | +220,591% |
| Profit (loss) for the period | 9904 | €8,423 | €741,615 | +€733,192 | +8,705% |
| Profit (loss) for the period to be appropriated | 9905 | €8,423 | €741,615 | +€733,192 | +8,705% |
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 15 October 2026 via checked.be.