GoedGov: 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.
GoedGov
Largest movements
- Cash +€53,204
up €53,204 (+82.4%), from €64,549 to €117,753
mainly Net result for the year (+€68,750) and Depreciation (+€14,348)
- Current investments +€29,579
up €29,579 (+42.0%), from €70,421 to €100,000
- Tangible fixed assets -€14,348
down €14,348 (-24.0%), from €59,815 to €45,467
- Reserves +€68,750
up €68,750 (+43.8%), from €156,845 to €225,595
- Trade debts -€3,085
down €3,085 (-95.0%), from €3,248 to €163
- Tax, wage and social debts +€3,052
up €3,052 (+17.2%), from €17,719 to €20,771
- Gross operating margin +€28,169
up €28,169 (+34.5%), from €81,745 to €109,914
- Taxes +€8,033
up €8,033 (+41.1%), from €19,561 to €27,594
- Depreciation +€2,598
up €2,598 (+22.1%), from €11,750 to €14,348
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 | €197,813 | €266,529 | +€68,717 | +34.7% |
| Fixed assets | 21/28 | €59,815 | €45,467 | -€14,348 | -24.0% |
| Tangible fixed assets | 22/27 | €59,815 | €45,467 | -€14,348 | -24.0% |
| Furniture and vehicles | 24 | €59,815 | €45,467 | -€14,348 | -24.0% |
| Current assets | 29/58 | €137,997 | €221,062 | +€83,065 | +60.2% |
| Amounts receivable within one year | 40/41 | €3,028 | €3,239 | +€212 | +7.0% |
| Trade receivables | 40 | - | €484 | +€484 | |
| Other amounts receivable | 41 | €3,028 | €2,755 | -€272 | -9.0% |
| Current investments | 50/53 | €70,421 | €100,000 | +€29,579 | +42.0% |
| Cash at bank and in hand | 54/58 | €64,549 | €117,753 | +€53,204 | +82.4% |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €197,813 | €266,529 | +€68,717 | +34.7% |
| Equity | 10/15 | €176,845 | €245,595 | +€68,750 | +38.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €156,845 | €225,595 | +€68,750 | +43.8% |
| Distributable reserves | 133 | €156,845 | €225,595 | +€68,750 | +43.8% |
| Amounts payable | 17/49 | €20,967 | €20,934 | -€33 | -0.2% |
| Amounts payable within one year | 42/48 | €20,967 | €20,934 | -€33 | -0.2% |
| Trade debts | 44 | €3,248 | €163 | -€3,085 | -95.0% |
| Suppliers | 440/4 | €3,248 | €163 | -€3,085 | -95.0% |
| Taxes, remuneration and social security | 45 | €17,719 | €20,771 | +€3,052 | +17.2% |
| Taxes | 450/3 | €17,719 | €20,771 | +€3,052 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €14,348 | +€2,598 | +22.1% |
| Other operating charges | 640/8 | €596 | €499 | -€97 | -16.3% |
| Gross operating margin | 9900 | €81,745 | €109,914 | +€28,169 | +34.5% |
| Operating profit (loss) | 9901 | €69,398 | €95,067 | +€25,669 | +37.0% |
| Financial income | 75/76B | €601 | €1,268 | +€667 | +111.0% |
| Recurring financial income | 75 | €601 | €1,268 | +€667 | +111.0% |
| Financial charges | 65/66B | €178 | -€8 | -€186 | |
| Recurring financial charges | 65 | €178 | -€8 | -€186 | |
| Profit (loss) for the period before taxes | 9903 | €69,821 | €96,343 | +€26,523 | +38.0% |
| Income taxes | 67/77 | €19,561 | €27,594 | +€8,033 | +41.1% |
| Profit (loss) for the period | 9904 | €50,260 | €68,750 | +€18,490 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,260 | €68,750 | +€18,490 | +36.8% |
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 12 October 2026 via checked.be.