Goedekoning: 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.
Goedekoning
Largest movements
- Cash +€329,681
up €329,681 (+140.9%), from €234,009 to €563,690
mainly Net result for the year (+€449,901) and Depreciation (+€246,036)
- Financial fixed assets -€176,550
down €176,550 (-99.9%), from €176,725 to €175
- Tangible fixed assets -€173,656
down €173,656 (-2.8%), from €6.2m to €6.1m
- Reserves +€449,901
up €449,901 (+38.6%), from €1.2m to €1.6m
- Debts after one year -€201,332
down €201,332 (-6.0%), from €3.3m to €3.1m
- Other debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Gross operating margin +€458,102
up €458,102 (+138.3%), from €331,223 to €789,326
- Depreciation +€18,003
up €18,003 (+7.9%), from €228,033 to €246,036
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 | €6,702,509 | €6,698,243 | -€4,266 | -0.1% |
| Fixed assets | 21/28 | €6,424,162 | €6,073,956 | -€350,206 | -5.5% |
| Tangible fixed assets | 22/27 | €6,247,437 | €6,073,781 | -€173,656 | -2.8% |
| Land and buildings | 22 | €6,247,437 | €6,073,781 | -€173,656 | -2.8% |
| Financial fixed assets | 28 | €176,725 | €175 | -€176,550 | -99.9% |
| Current assets | 29/58 | €278,347 | €624,287 | +€345,939 | +124.3% |
| Amounts receivable within one year | 40/41 | €26,078 | €45,094 | +€19,016 | +72.9% |
| Trade receivables | 40 | €18,494 | €13,621 | -€4,873 | -26.4% |
| Other amounts receivable | 41 | €7,584 | €31,473 | +€23,889 | +315.0% |
| Cash at bank and in hand | 54/58 | €234,009 | €563,690 | +€329,681 | +140.9% |
| Deferred charges and accrued income | 490/1 | €18,261 | €15,503 | -€2,758 | -15.1% |
| Total equity and liabilities | 10/49 | €6,702,509 | €6,698,243 | -€4,266 | -0.1% |
| Equity | 10/15 | €2,894,442 | €3,344,342 | +€449,901 | +15.5% |
| Contributions | 10/11 | €1,729,213 | €1,729,213 | = | 0.0% |
| Reserves | 13 | €1,165,229 | €1,615,129 | +€449,901 | +38.6% |
| Distributable reserves | 133 | €1,165,229 | €1,615,129 | +€449,901 | +38.6% |
| Amounts payable | 17/49 | €3,808,067 | €3,353,900 | -€454,167 | -11.9% |
| Amounts payable after more than one year | 17 | €3,328,077 | €3,126,745 | -€201,332 | -6.0% |
| Financial debts | 170/4 | €3,328,077 | €3,126,745 | -€201,332 | -6.0% |
| Amounts payable within one year | 42/48 | €479,139 | €226,329 | -€252,811 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €197,914 | €201,332 | +€3,418 | +1.7% |
| Trade debts | 44 | €63,855 | €8,627 | -€55,229 | -86.5% |
| Suppliers | 440/4 | €63,855 | €8,627 | -€55,229 | -86.5% |
| Taxes, remuneration and social security | 45 | €17,370 | €16,370 | -€1,000 | -5.8% |
| Taxes | 450/3 | €17,370 | €16,370 | -€1,000 | -5.8% |
| Other amounts payable | 47/48 | €200,000 | €0 | -€200,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €851 | €827 | -€24 | -2.9% |
| Non-recurring operating income | 76A | €0 | €311,455 | +€311,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,033 | €246,036 | +€18,003 | +7.9% |
| Other operating charges | 640/8 | €26,971 | €27,748 | +€777 | +2.9% |
| Gross operating margin | 9900 | €331,223 | €789,326 | +€458,102 | +138.3% |
| Operating profit (loss) | 9901 | €76,220 | €515,541 | +€439,322 | +576.4% |
| Financial income | 75/76B | €2,153 | €1,266 | -€887 | -41.2% |
| Recurring financial income | 75 | €2,153 | €1,266 | -€887 | -41.2% |
| Financial charges | 65/66B | €64,166 | €66,524 | +€2,358 | +3.7% |
| Recurring financial charges | 65 | €64,166 | €66,524 | +€2,358 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €14,207 | €450,284 | +€436,077 | +3069.5% |
| Income taxes | 67/77 | €329 | €383 | +€54 | +16.4% |
| Profit (loss) for the period | 9904 | €13,878 | €449,901 | +€436,023 | +3141.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,878 | €449,901 | +€436,023 | +3141.9% |
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 5 October 2026 via checked.be.