GOEGEZIEN: 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.
GOEGEZIEN
Largest movements
- Tangible fixed assets -€27,076
down €27,076 (-18.1%), from €149,574 to €122,498
of which Plant, machinery and equipment: -€23,415
- Cash +€11,563
up €11,563 (+46.8%), from €24,719 to €36,282
mainly Depreciation (+€44,357) and Net result for the year (+€20,687)
- Other debts -€18,482
down €18,482 (-43.0%), from €43,014 to €24,532
- Debts after one year -€7,322
down €7,322 (-24.8%), from €29,582 to €22,260
- Tax, wage and social debts +€6,952
up €6,952 (+61.0%), from €11,407 to €18,359
of which Taxes: +€10,659
- Reserves +€2,552
up €2,552 (+2.5%), from €102,944 to €105,496
of which Distributable reserves: +€2,552
- Gross operating margin +€16,184
up €16,184 (+26.6%), from €60,861 to €77,045
- Depreciation +€8,334
up €8,334 (+23.1%), from €36,022 to €44,357
- Taxes +€3,148
up €3,148 (+48.0%), from €6,553 to €9,702
- Staff costs -€1,437
down €1,437 (-100%), from €1,437 to €0
- Financial charges +€1,224
up €1,224 (+383%), from €320 to €1,544
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,243 | €198,890 | -€16,353 | -7.6% |
| Fixed assets | 21/28 | €149,574 | €122,498 | -€27,076 | -18.1% |
| Tangible fixed assets | 22/27 | €149,574 | €122,498 | -€27,076 | -18.1% |
| Plant, machinery and equipment | 23 | €88,317 | €64,902 | -€23,415 | -26.5% |
| Furniture and vehicles | 24 | €61,257 | €57,595 | -€3,662 | -6.0% |
| Current assets | 29/58 | €65,669 | €76,392 | +€10,724 | +16.3% |
| Amounts receivable within one year | 40/41 | €39,483 | €39,736 | +€254 | +0.6% |
| Trade receivables | 40 | €35,839 | €37,429 | +€1,590 | +4.4% |
| Other amounts receivable | 41 | €3,644 | €2,308 | -€1,336 | -36.7% |
| Cash at bank and in hand | 54/58 | €24,719 | €36,282 | +€11,563 | +46.8% |
| Deferred charges and accrued income | 490/1 | €1,466 | €374 | -€1,093 | -74.5% |
| Total equity and liabilities | 10/49 | €215,243 | €198,890 | -€16,353 | -7.6% |
| Equity | 10/15 | €121,494 | €124,046 | +€2,552 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €102,944 | €105,496 | +€2,552 | +2.5% |
| Tax-exempt reserves | 132 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €89,444 | €91,996 | +€2,552 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,749 | €74,844 | -€18,905 | -20.2% |
| Amounts payable after more than one year | 17 | €29,582 | €22,260 | -€7,322 | -24.8% |
| Financial debts | 170/4 | €29,582 | €22,260 | -€7,322 | -24.8% |
| Amounts payable within one year | 42/48 | €63,943 | €52,296 | -€11,647 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €7,059 | €7,322 | +€263 | +3.7% |
| Trade debts | 44 | €2,463 | €2,082 | -€381 | -15.5% |
| Suppliers | 440/4 | €2,463 | €2,082 | -€381 | -15.5% |
| Taxes, remuneration and social security | 45 | €11,407 | €18,359 | +€6,952 | +61.0% |
| Taxes | 450/3 | €7,700 | €18,359 | +€10,659 | +138% |
| Remuneration and social security | 454/9 | €3,706 | €0 | -€3,706 | -100% |
| Other amounts payable | 47/48 | €43,014 | €24,532 | -€18,482 | -43.0% |
| Accrued charges and deferred income | 492/3 | €224 | €289 | +€64 | +28.8% |
| Non-recurring operating income | 76A | €4,545 | €0 | -€4,545 | -100% |
| Remuneration, social security and pensions | 62 | €1,437 | €0 | -€1,437 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,022 | €44,357 | +€8,334 | +23.1% |
| Other operating charges | 640/8 | €1,176 | €798 | -€378 | -32.2% |
| Gross operating margin | 9900 | €60,861 | €77,045 | +€16,184 | +26.6% |
| Operating profit (loss) | 9901 | €22,226 | €31,891 | +€9,665 | +43.5% |
| Financial income | 75/76B | €30 | €42 | +€12 | +40.5% |
| Recurring financial income | 75 | €30 | €42 | +€12 | +40.5% |
| Financial charges | 65/66B | €320 | €1,544 | +€1,224 | +383% |
| Recurring financial charges | 65 | €320 | €1,544 | +€1,224 | +383% |
| Profit (loss) for the period before taxes | 9903 | €21,936 | €30,389 | +€8,453 | +38.5% |
| Income taxes | 67/77 | €6,553 | €9,702 | +€3,148 | +48.0% |
| Profit (loss) for the period | 9904 | €15,383 | €20,687 | +€5,304 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,383 | €20,687 | +€5,304 | +34.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.