GOEDI: 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.
GOEDI
Largest movements
- Receivables within one year +€117,918
up €117,918 (+285.5%), from €41,306 to €159,224
of which Other amounts receivable: +€110,658
- Cash -€36,756
down €36,756 (-58.8%), from €62,488 to €25,732
mainly Current portion of long-term debt (-€193,750) and Receivables within one year (-€117,918)
- Current portion of long-term debt -€193,750
down €193,750 (-16.7%), from €1.2m to €968,750
- Reserves +€153,274
up €153,274 (+31.2%), from €491,082 to €644,356
- Other debts +€110,000
up €110,000 (+17132.9%), from €642 to €110,642
- Gross operating margin -€26,527
down €26,527 (-52.6%), from €50,423 to €23,896
- Taxes -€6,656
down €6,656 (-59.5%), from €11,182 to €4,526
- Financial income +€1,920
up €1,920 (+0.8%), from €250,000 to €251,920
- Depreciation +€698
up €698 (+13.8%), from €5,062 to €5,760
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 | €1,686,446 | €1,755,877 | +€69,431 | +4.1% |
| Fixed assets | 21/28 | €1,581,040 | €1,569,030 | -€12,010 | -0.8% |
| Tangible fixed assets | 22/27 | €24,790 | €19,030 | -€5,760 | -23.2% |
| Plant, machinery and equipment | 23 | €24,790 | €19,030 | -€5,760 | -23.2% |
| Financial fixed assets | 28 | €1,556,250 | €1,550,000 | -€6,250 | -0.4% |
| Current assets | 29/58 | €105,406 | €186,847 | +€81,441 | +77.3% |
| Amounts receivable within one year | 40/41 | €41,306 | €159,224 | +€117,918 | +285.5% |
| Trade receivables | 40 | €29,040 | €36,300 | +€7,260 | +25.0% |
| Other amounts receivable | 41 | €12,266 | €122,924 | +€110,658 | +902.1% |
| Cash at bank and in hand | 54/58 | €62,488 | €25,732 | -€36,756 | -58.8% |
| Deferred charges and accrued income | 490/1 | €1,612 | €1,890 | +€279 | +17.3% |
| Total equity and liabilities | 10/49 | €1,686,446 | €1,755,877 | +€69,431 | +4.1% |
| Equity | 10/15 | €509,682 | €662,956 | +€153,274 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €491,082 | €644,356 | +€153,274 | +31.2% |
| Distributable reserves | 133 | €491,082 | €644,356 | +€153,274 | +31.2% |
| Amounts payable | 17/49 | €1,176,764 | €1,092,921 | -€83,843 | -7.1% |
| Amounts payable within one year | 42/48 | €1,174,564 | €1,090,721 | -€83,843 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €1,162,500 | €968,750 | -€193,750 | -16.7% |
| Trade debts | 44 | €4,240 | €10,231 | +€5,991 | +141.3% |
| Suppliers | 440/4 | €4,240 | €10,231 | +€5,991 | +141.3% |
| Taxes, remuneration and social security | 45 | €7,182 | €1,098 | -€6,084 | -84.7% |
| Taxes | 450/3 | €7,182 | €1,098 | -€6,084 | -84.7% |
| Other amounts payable | 47/48 | €642 | €110,642 | +€110,000 | +17132.9% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,062 | €5,760 | +€698 | +13.8% |
| Other operating charges | 640/8 | €2,000 | €2,179 | +€180 | +9.0% |
| Gross operating margin | 9900 | €50,423 | €23,896 | -€26,527 | -52.6% |
| Operating profit (loss) | 9901 | €43,362 | €15,958 | -€27,405 | -63.2% |
| Financial income | 75/76B | €250,000 | €251,920 | +€1,920 | +0.8% |
| Recurring financial income | 75 | €250,000 | €251,920 | +€1,920 | +0.8% |
| Financial charges | 65/66B | €151 | €78 | -€74 | -48.7% |
| Recurring financial charges | 65 | €151 | €78 | -€74 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €293,211 | €267,800 | -€25,411 | -8.7% |
| Income taxes | 67/77 | €11,182 | €4,526 | -€6,656 | -59.5% |
| Profit (loss) for the period | 9904 | €282,029 | €263,274 | -€18,754 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €282,029 | €263,274 | -€18,754 | -6.6% |
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 6 October 2026 via checked.be.