GOEDGEVONDEN: 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.
GOEDGEVONDEN
Largest movements
- Receivables within one year -€146,373
down €146,373 (-43.6%), from €335,499 to €189,127
of which Trade receivables: -€146,169
- Cash +€86,990
up €86,990 (+102%), from €84,997 to €171,987
mainly Receivables within one year (+€146,373) and Other debts (+€97,536)
- Tangible fixed assets -€18,836
down €18,836 (-2.6%), from €713,408 to €694,573
of which Land and buildings: -€19,275
- Other debts +€97,536
up €97,536 (+476%), from €20,512 to €118,048
- Reserves -€81,197
down €81,197 (-26.4%), from €308,033 to €226,836
of which Distributable reserves: -€81,197
- Advances received -€48,929
no longer reported in 2025 (was €48,929)
- Debts after one year -€37,966
down €37,966 (-6.9%), from €548,684 to €510,718
of which Financial debts: -€37,966
- Other operating charges -€10,817
down €10,817 (-51.7%), from €20,933 to €10,116
- Gross operating margin -€5,742
down €5,742 (-4.8%), from €120,278 to €114,536
- Taxes +€1,718
up €1,718 (+24.5%), from €7,000 to €8,718
- Staff costs +€1,641
up €1,641 (+4.2%), from €39,229 to €40,871
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 | €1,208,822 | €1,133,931 | -€74,891 | -6.2% |
| Fixed assets | 21/28 | €716,243 | €697,408 | -€18,836 | -2.6% |
| Tangible fixed assets | 22/27 | €713,408 | €694,573 | -€18,836 | -2.6% |
| Land and buildings | 22 | €707,074 | €687,799 | -€19,275 | -2.7% |
| Plant, machinery and equipment | 23 | €2,656 | €1,756 | -€900 | -33.9% |
| Furniture and vehicles | 24 | €3,678 | €5,017 | +€1,339 | +36.4% |
| Financial fixed assets | 28 | €2,835 | €2,835 | = | 0.0% |
| Current assets | 29/58 | €492,579 | €436,524 | -€56,055 | -11.4% |
| Amounts receivable after more than one year | 29 | €49,426 | €54,324 | +€4,897 | +9.9% |
| Other amounts receivable | 291 | €49,426 | €54,324 | +€4,897 | +9.9% |
| Amounts receivable within one year | 40/41 | €335,499 | €189,127 | -€146,373 | -43.6% |
| Trade receivables | 40 | €335,205 | €189,036 | -€146,169 | -43.6% |
| Other amounts receivable | 41 | €294 | €90 | -€203 | -69.2% |
| Cash at bank and in hand | 54/58 | €84,997 | €171,987 | +€86,990 | +102% |
| Deferred charges and accrued income | 490/1 | €22,656 | €21,086 | -€1,570 | -6.9% |
| Total equity and liabilities | 10/49 | €1,208,822 | €1,133,931 | -€74,891 | -6.2% |
| Equity | 10/15 | €314,233 | €233,036 | -€81,197 | -25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €308,033 | €226,836 | -€81,197 | -26.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €289,283 | €208,086 | -€81,197 | -28.1% |
| Amounts payable | 17/49 | €894,588 | €900,895 | +€6,307 | +0.7% |
| Amounts payable after more than one year | 17 | €548,684 | €510,718 | -€37,966 | -6.9% |
| Financial debts | 170/4 | €528,684 | €490,718 | -€37,966 | -7.2% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €238,139 | €280,020 | +€41,881 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €39,814 | €40,558 | +€744 | +1.9% |
| Trade debts | 44 | €67,499 | €70,788 | +€3,289 | +4.9% |
| Suppliers | 440/4 | €67,499 | €70,788 | +€3,289 | +4.9% |
| Advances received on contracts in progress | 46 | €48,929 | - | -€48,929 | |
| Taxes, remuneration and social security | 45 | €61,386 | €50,626 | -€10,760 | -17.5% |
| Taxes | 450/3 | €48,299 | €41,937 | -€6,362 | -13.2% |
| Remuneration and social security | 454/9 | €13,087 | €8,689 | -€4,398 | -33.6% |
| Other amounts payable | 47/48 | €20,512 | €118,048 | +€97,536 | +476% |
| Accrued charges and deferred income | 492/3 | €107,765 | €110,157 | +€2,392 | +2.2% |
| Non-recurring operating income | 76A | €409 | €560 | +€151 | +37.0% |
| Remuneration, social security and pensions | 62 | €39,229 | €40,871 | +€1,641 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,407 | €21,962 | -€446 | -2.0% |
| Other operating charges | 640/8 | €20,933 | €10,116 | -€10,817 | -51.7% |
| Non-recurring operating charges | 66A | €7,494 | €7,494 | = | 0.0% |
| Gross operating margin | 9900 | €120,278 | €114,536 | -€5,742 | -4.8% |
| Operating profit (loss) | 9901 | €30,215 | €34,094 | +€3,879 | +12.8% |
| Financial income | 75/76B | €1,483 | €1,309 | -€174 | -11.7% |
| Recurring financial income | 75 | €1,483 | €1,309 | -€174 | -11.7% |
| Financial charges | 65/66B | €11,143 | €10,347 | -€796 | -7.1% |
| Recurring financial charges | 65 | €11,143 | €10,347 | -€796 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €20,555 | €25,056 | +€4,502 | +21.9% |
| Income taxes | 67/77 | €7,000 | €8,718 | +€1,718 | +24.5% |
| Profit (loss) for the period | 9904 | €13,555 | €16,339 | +€2,784 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,555 | €16,339 | +€2,784 | +20.5% |
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 24 October 2026 via checked.be.