GOEIEINE: 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.
GOEIEINE
Largest movements
- Tangible fixed assets +€65,593
up €65,593 (+16.5%), from €396,668 to €462,261
of which Land and buildings: +€70,439
- Cash -€19,538
down €19,538 (-41.5%), from €47,127 to €27,589
mainly Investment in fixed assets (net) (-€89,068) and Debts after one year (-€24,450)
- Other debts +€28,609
up €28,609 (+145%), from €19,711 to €48,320
- Debts after one year -€24,450
down €24,450 (-7.6%), from €323,825 to €299,374
- Reserves +€18,677
up €18,677 (+24.5%), from €76,262 to €94,940
- Trade debts +€17,006
up €17,006 (+231%), from €7,355 to €24,361
- Current portion of long-term debt +€6,734
up €6,734 (+52.4%), from €12,862 to €19,596
- Turnover -€214,910
no longer reported in 2025 (was €214,910)
- Purchases and services -€99,859
no longer reported in 2025 (was €99,859)
- Gross operating margin -€52,751
down €52,751 (-45.9%), from €115,051 to €62,300
- Taxes -€14,206
down €14,206 (-72.8%), from €19,512 to €5,306
- Depreciation +€12,832
up €12,832 (+121%), from €10,643 to €23,475
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 | €465,782 | €514,113 | +€48,330 | +10.4% |
| Fixed assets | 21/28 | €396,763 | €462,356 | +€65,593 | +16.5% |
| Tangible fixed assets | 22/27 | €396,668 | €462,261 | +€65,593 | +16.5% |
| Land and buildings | 22 | €383,865 | €454,304 | +€70,439 | +18.3% |
| Plant, machinery and equipment | 23 | €1,347 | €759 | -€588 | -43.6% |
| Furniture and vehicles | 24 | €11,457 | €7,199 | -€4,259 | -37.2% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €69,019 | €51,756 | -€17,262 | -25.0% |
| Amounts receivable within one year | 40/41 | €21,502 | €23,659 | +€2,157 | +10.0% |
| Trade receivables | 40 | €21,502 | €23,659 | +€2,157 | +10.0% |
| Cash at bank and in hand | 54/58 | €47,127 | €27,589 | -€19,538 | -41.5% |
| Deferred charges and accrued income | 490/1 | €390 | €509 | +€119 | +30.6% |
| Total equity and liabilities | 10/49 | €465,782 | €514,113 | +€48,330 | +10.4% |
| Equity | 10/15 | €79,262 | €97,940 | +€18,677 | +23.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,262 | €94,940 | +€18,677 | +24.5% |
| Distributable reserves | 133 | €76,262 | €94,940 | +€18,677 | +24.5% |
| Amounts payable | 17/49 | €386,520 | €416,173 | +€29,653 | +7.7% |
| Amounts payable after more than one year | 17 | €323,825 | €299,374 | -€24,450 | -7.6% |
| Financial debts | 170/4 | €323,825 | €299,374 | -€24,450 | -7.6% |
| Amounts payable within one year | 42/48 | €62,695 | €116,799 | +€54,103 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €12,862 | €19,596 | +€6,734 | +52.4% |
| Trade debts | 44 | €7,355 | €24,361 | +€17,006 | +231% |
| Suppliers | 440/4 | €7,355 | €24,361 | +€17,006 | +231% |
| Taxes, remuneration and social security | 45 | €22,767 | €24,522 | +€1,755 | +7.7% |
| Taxes | 450/3 | €22,767 | €24,522 | +€1,755 | +7.7% |
| Other amounts payable | 47/48 | €19,711 | €48,320 | +€28,609 | +145% |
| Turnover | 70 | €214,910 | - | -€214,910 | |
| Goods, raw materials, services and sundry goods | 60/61 | €99,859 | - | -€99,859 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,643 | €23,475 | +€12,832 | +121% |
| Other operating charges | 640/8 | €859 | €1,605 | +€745 | +86.7% |
| Gross operating margin | 9900 | €115,051 | €62,300 | -€52,751 | -45.9% |
| Operating profit (loss) | 9901 | €103,549 | €37,220 | -€66,329 | -64.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,775 | €13,237 | +€5,462 | +70.3% |
| Recurring financial charges | 65 | €7,775 | €13,237 | +€5,462 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €95,774 | €23,983 | -€71,791 | -75.0% |
| Income taxes | 67/77 | €19,512 | €5,306 | -€14,206 | -72.8% |
| Profit (loss) for the period | 9904 | €76,262 | €18,677 | -€57,585 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,262 | €18,677 | -€57,585 | -75.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.