GOEDETEN: 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.
GOEDETEN
Largest movements
- Tangible fixed assets -€19,833
down €19,833 (-19.0%), from €104,292 to €84,459
of which Plant, machinery and equipment: -€10,765
- Receivables within one year +€18,536
up €18,536 (+7.5%), from €245,882 to €264,418
of which Other amounts receivable: +€21,284
- Stocks and contracts +€10,105
up €10,105 (+24.0%), from €42,100 to €52,205
- Reserves +€54,000
up €54,000 (+50.0%), from €108,043 to €162,043
of which Distributable reserves: +€54,000
- Tax, wage and social debts -€38,344
down €38,344 (-44.8%), from €85,554 to €47,210
of which Taxes: -€65,075
- Short-term financial debts -€32,861
no longer reported in 2025 (was €32,861)
- Trade debts +€31,842
up €31,842 (+41.0%), from €77,581 to €109,423
- Current portion of long-term debt +€23,822
up €23,822 (+83.3%), from €28,609 to €52,431
- Staff costs +€50,494
up €50,494 (+86.1%), from €58,644 to €109,138
- Gross operating margin +€45,102
up €45,102 (+28.4%), from €158,697 to €203,799
- Taxes -€10,816
down €10,816 (-39.0%), from €27,715 to €16,899
- Other operating charges +€3,421
up €3,421 (+166%), from €2,063 to €5,484
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 | €415,791 | €422,740 | +€6,949 | +1.7% |
| Fixed assets | 21/28 | €104,292 | €84,459 | -€19,833 | -19.0% |
| Tangible fixed assets | 22/27 | €104,292 | €84,459 | -€19,833 | -19.0% |
| Land and buildings | 22 | €64,983 | €58,116 | -€6,867 | -10.6% |
| Plant, machinery and equipment | 23 | €31,238 | €20,473 | -€10,765 | -34.5% |
| Furniture and vehicles | 24 | €8,071 | €5,869 | -€2,202 | -27.3% |
| Current assets | 29/58 | €311,499 | €338,281 | +€26,782 | +8.6% |
| Stocks and contracts in progress | 3 | €42,100 | €52,205 | +€10,105 | +24.0% |
| Stocks | 30/36 | €42,100 | €52,205 | +€10,105 | +24.0% |
| Amounts receivable within one year | 40/41 | €245,882 | €264,418 | +€18,536 | +7.5% |
| Trade receivables | 40 | €243,901 | €241,153 | -€2,748 | -1.1% |
| Other amounts receivable | 41 | €1,981 | €23,265 | +€21,284 | +1,074% |
| Cash at bank and in hand | 54/58 | €23,517 | €21,658 | -€1,859 | -7.9% |
| Total equity and liabilities | 10/49 | €415,791 | €422,740 | +€6,949 | +1.7% |
| Equity | 10/15 | €142,811 | €182,661 | +€39,850 | +27.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,043 | €162,043 | +€54,000 | +50.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €106,043 | €160,043 | +€54,000 | +50.9% |
| Profit (loss) carried forward | 14 | €14,768 | €618 | -€14,150 | -95.8% |
| Amounts payable | 17/49 | €272,980 | €240,079 | -€32,901 | -12.1% |
| Amounts payable after more than one year | 17 | €48,375 | €29,185 | -€19,190 | -39.7% |
| Financial debts | 170/4 | €48,375 | €29,185 | -€19,190 | -39.7% |
| Amounts payable within one year | 42/48 | €224,605 | €210,894 | -€13,711 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €28,609 | €52,431 | +€23,822 | +83.3% |
| Financial debts | 43 | €32,861 | - | -€32,861 | |
| Credit institutions | 430/8 | €32,861 | - | -€32,861 | |
| Trade debts | 44 | €77,581 | €109,423 | +€31,842 | +41.0% |
| Suppliers | 440/4 | €77,581 | €109,423 | +€31,842 | +41.0% |
| Taxes, remuneration and social security | 45 | €85,554 | €47,210 | -€38,344 | -44.8% |
| Taxes | 450/3 | €73,901 | €8,826 | -€65,075 | -88.1% |
| Remuneration and social security | 454/9 | €11,653 | €38,384 | +€26,731 | +229% |
| Other amounts payable | 47/48 | - | €1,830 | +€1,830 | |
| Remuneration, social security and pensions | 62 | €58,644 | €109,138 | +€50,494 | +86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,356 | €28,844 | -€512 | -1.7% |
| Other operating charges | 640/8 | €2,063 | €5,484 | +€3,421 | +166% |
| Gross operating margin | 9900 | €158,697 | €203,799 | +€45,102 | +28.4% |
| Operating profit (loss) | 9901 | €68,634 | €60,333 | -€8,301 | -12.1% |
| Financial income | 75/76B | €86 | €1 | -€85 | -98.9% |
| Recurring financial income | 75 | €86 | €1 | -€85 | -98.9% |
| Financial charges | 65/66B | €3,994 | €3,586 | -€408 | -10.2% |
| Recurring financial charges | 65 | €3,994 | €3,586 | -€408 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €64,726 | €56,748 | -€7,978 | -12.3% |
| Income taxes | 67/77 | €27,715 | €16,899 | -€10,816 | -39.0% |
| Profit (loss) for the period | 9904 | €37,011 | €39,850 | +€2,839 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,011 | €39,850 | +€2,839 | +7.7% |
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 17 October 2026 via checked.be.