GOEDER: 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.
GOEDER
Largest movements
- Tangible fixed assets +€32,450
up €32,450 (+5.7%), from €570,446 to €602,896
of which Land and buildings: +€33,054
- Cash -€21,857
down €21,857 (-19.4%), from €112,945 to €91,088
mainly Investment in fixed assets (net) (-€81,688) and Other debts (-€1,282)
- Profit (loss) carried forward +€11,595
up €11,595 (+24.0%), from -€48,330 to -€36,735
- Depreciation +€5,185
up €5,185 (+11.8%), from €44,054 to €49,238
- Financial income -€2,878
down €2,878 (-98.6%), from €2,918 to €41
- Gross operating margin +€1,645
up €1,645 (+1.9%), from €86,075 to €87,720
- Financial charges -€1,476
down €1,476 (-7.2%), from €20,605 to €19,129
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 | €687,915 | €697,022 | +€9,106 | +1.3% |
| Fixed assets | 21/28 | €570,446 | €602,896 | +€32,450 | +5.7% |
| Tangible fixed assets | 22/27 | €570,446 | €602,896 | +€32,450 | +5.7% |
| Land and buildings | 22 | €569,096 | €602,150 | +€33,054 | +5.8% |
| Plant, machinery and equipment | 23 | €1,350 | €746 | -€604 | -44.7% |
| Current assets | 29/58 | €117,469 | €94,126 | -€23,344 | -19.9% |
| Amounts receivable within one year | 40/41 | €781 | €339 | -€443 | -56.6% |
| Trade receivables | 40 | - | €327 | +€327 | |
| Other amounts receivable | 41 | €781 | €12 | -€769 | -98.4% |
| Cash at bank and in hand | 54/58 | €112,945 | €91,088 | -€21,857 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,743 | €2,699 | -€1,043 | -27.9% |
| Total equity and liabilities | 10/49 | €687,915 | €697,022 | +€9,106 | +1.3% |
| Equity | 10/15 | €401,670 | €413,265 | +€11,595 | +2.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,330 | -€36,735 | +€11,595 | +24.0% |
| Amounts payable | 17/49 | €286,245 | €283,757 | -€2,488 | -0.9% |
| Amounts payable within one year | 42/48 | €282,820 | €281,347 | -€1,473 | -0.5% |
| Trade debts | 44 | €0 | €396 | +€396 | |
| Suppliers | 440/4 | €0 | €396 | +€396 | |
| Taxes, remuneration and social security | 45 | €6,162 | €5,576 | -€587 | -9.5% |
| Taxes | 450/3 | €6,162 | €5,576 | -€587 | -9.5% |
| Other amounts payable | 47/48 | €276,658 | €275,375 | -€1,282 | -0.5% |
| Accrued charges and deferred income | 492/3 | €3,425 | €2,410 | -€1,015 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,054 | €49,238 | +€5,185 | +11.8% |
| Other operating charges | 640/8 | €7,624 | €7,798 | +€174 | +2.3% |
| Gross operating margin | 9900 | €86,075 | €87,720 | +€1,645 | +1.9% |
| Operating profit (loss) | 9901 | €34,397 | €30,683 | -€3,714 | -10.8% |
| Financial income | 75/76B | €2,918 | €41 | -€2,878 | -98.6% |
| Recurring financial income | 75 | €2,918 | €41 | -€2,878 | -98.6% |
| Financial charges | 65/66B | €20,605 | €19,129 | -€1,476 | -7.2% |
| Recurring financial charges | 65 | €20,605 | €19,129 | -€1,476 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €16,710 | €11,595 | -€5,116 | -30.6% |
| Profit (loss) for the period | 9904 | €16,710 | €11,595 | -€5,116 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,710 | €11,595 | -€5,116 | -30.6% |
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 1 October 2026 via checked.be.