Goede Vaargeul: 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 Vaargeul
Largest movements
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Cash -€22,770
down €22,770 (-23.3%), from €97,879 to €75,110
mainly Other debts (-€344,802) and Contributions, distributions and other (-€3,809)
- Receivables within one year -€9,758
down €9,758 (-93.3%), from €10,459 to €701
of which Other amounts receivable: -€9,758
- Tangible fixed assets -€8,745
down €8,745 (-100%), from €8,745 to €0
- Deferred charges and accrued income -€5,660
down €5,660 (-93.3%), from €6,064 to €404
- Other debts -€344,802
down €344,802 (-98.9%), from €348,611 to €3,809
- Gross operating margin -€456,111
down €456,111 (-99.0%), from €460,949 to €4,838
- Taxes -€114,845
down €114,845 (-98.9%), from €116,094 to €1,249
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 | €423,147 | €76,215 | -€346,932 | -82.0% |
| Fixed assets | 21/28 | €8,745 | €0 | -€8,745 | -100% |
| Tangible fixed assets | 22/27 | €8,745 | €0 | -€8,745 | -100% |
| Land and buildings | 22 | €8,745 | €0 | -€8,745 | -100% |
| Current assets | 29/58 | €414,402 | €76,215 | -€338,187 | -81.6% |
| Amounts receivable within one year | 40/41 | €10,459 | €701 | -€9,758 | -93.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,459 | €701 | -€9,758 | -93.3% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €97,879 | €75,110 | -€22,770 | -23.3% |
| Deferred charges and accrued income | 490/1 | €6,064 | €404 | -€5,660 | -93.3% |
| Total equity and liabilities | 10/49 | €423,147 | €76,215 | -€346,932 | -82.0% |
| Equity | 10/15 | €67,712 | €67,650 | -€62 | -0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,212 | €6,150 | -€62 | -1.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €62 | €0 | -€62 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,435 | €8,565 | -€346,870 | -97.6% |
| Amounts payable within one year | 42/48 | €353,827 | €8,511 | -€345,316 | -97.6% |
| Trade debts | 44 | €5,216 | €4,702 | -€515 | -9.9% |
| Suppliers | 440/4 | €5,216 | €4,702 | -€515 | -9.9% |
| Other amounts payable | 47/48 | €348,611 | €3,809 | -€344,802 | -98.9% |
| Accrued charges and deferred income | 492/3 | €1,608 | €55 | -€1,554 | -96.6% |
| Non-recurring operating income | 76A | €507,368 | €11,255 | -€496,113 | -97.8% |
| Other operating charges | 640/8 | €898 | €1,133 | +€235 | +26.1% |
| Non-recurring operating charges | 66A | €1,068 | €0 | -€1,068 | -100% |
| Gross operating margin | 9900 | €460,949 | €4,838 | -€456,111 | -99.0% |
| Operating profit (loss) | 9901 | €458,982 | €3,705 | -€455,277 | -99.2% |
| Financial income | 75/76B | €5,681 | €1,501 | -€4,180 | -73.6% |
| Recurring financial income | 75 | €5,681 | €1,501 | -€4,180 | -73.6% |
| Financial charges | 65/66B | €51 | €210 | +€159 | +311% |
| Recurring financial charges | 65 | €51 | €210 | +€159 | +311% |
| Profit (loss) for the period before taxes | 9903 | €464,612 | €4,996 | -€459,616 | -98.9% |
| Income taxes | 67/77 | €116,094 | €1,249 | -€114,845 | -98.9% |
| Profit (loss) for the period | 9904 | €348,519 | €3,747 | -€344,772 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €348,519 | €3,747 | -€344,772 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.