GOEMAERE: 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.
GOEMAERE
Largest movements
- Cash +€98,479
up €98,479 (+102%), from €96,822 to €195,301
mainly Net result for the year (+€41,099) and Receivables within one year (+€33,071)
- Receivables within one year -€33,071
down €33,071 (-89.7%), from €36,889 to €3,817
of which Trade receivables: -€33,406
- Tangible fixed assets -€16,094
down €16,094 (-28.2%), from €56,998 to €40,904
- Stocks and contracts -€7,406
down €7,406 (-79.9%), from €9,274 to €1,868
- Deferred charges and accrued income -€3,398
down €3,398 (-27.2%), from €12,490 to €9,092
- Reserves +€24,570
up €24,570 (+16.4%), from €149,493 to €174,063
- Other debts +€16,529
up €16,529, from €0 to €16,529
- Gross operating margin +€25,062
up €25,062 (+16.5%), from €152,035 to €177,097
- Taxes +€9,890
up €9,890 (+86.7%), from €11,403 to €21,293
- Other operating charges -€2,053
down €2,053 (-49.9%), from €4,116 to €2,063
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 | €212,522 | €251,031 | +€38,509 | +18.1% |
| Fixed assets | 21/28 | €57,047 | €40,953 | -€16,094 | -28.2% |
| Tangible fixed assets | 22/27 | €56,998 | €40,904 | -€16,094 | -28.2% |
| Plant, machinery and equipment | 23 | €21,587 | €15,060 | -€6,527 | -30.2% |
| Furniture and vehicles | 24 | €26,449 | €19,965 | -€6,484 | -24.5% |
| Other tangible fixed assets | 26 | €8,962 | €5,879 | -€3,083 | -34.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €155,475 | €210,078 | +€54,602 | +35.1% |
| Stocks and contracts in progress | 3 | €9,274 | €1,868 | -€7,406 | -79.9% |
| Stocks | 30/36 | €9,274 | €1,868 | -€7,406 | -79.9% |
| Amounts receivable within one year | 40/41 | €36,889 | €3,817 | -€33,071 | -89.7% |
| Trade receivables | 40 | €35,705 | €2,298 | -€33,406 | -93.6% |
| Other amounts receivable | 41 | €1,184 | €1,519 | +€335 | +28.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €96,822 | €195,301 | +€98,479 | +102% |
| Deferred charges and accrued income | 490/1 | €12,490 | €9,092 | -€3,398 | -27.2% |
| Total equity and liabilities | 10/49 | €212,522 | €251,031 | +€38,509 | +18.1% |
| Equity | 10/15 | €198,711 | €223,280 | +€24,570 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,493 | €174,063 | +€24,570 | +16.4% |
| Distributable reserves | 133 | €149,493 | €174,063 | +€24,570 | +16.4% |
| Profit (loss) carried forward | 14 | €30,618 | €30,618 | = | 0.0% |
| Amounts payable | 17/49 | €13,812 | €27,751 | +€13,939 | +101% |
| Amounts payable within one year | 42/48 | €13,472 | €27,428 | +€13,956 | +104% |
| Trade debts | 44 | €1,233 | €725 | -€509 | -41.2% |
| Suppliers | 440/4 | €1,233 | €725 | -€509 | -41.2% |
| Taxes, remuneration and social security | 45 | €12,239 | €10,175 | -€2,064 | -16.9% |
| Taxes | 450/3 | €5,421 | €3,426 | -€1,995 | -36.8% |
| Remuneration and social security | 454/9 | €6,818 | €6,749 | -€69 | -1.0% |
| Other amounts payable | 47/48 | €0 | €16,529 | +€16,529 | |
| Accrued charges and deferred income | 492/3 | €340 | €322 | -€17 | -5.0% |
| Remuneration, social security and pensions | 62 | €95,252 | €96,140 | +€887 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,618 | €16,094 | +€476 | +3.1% |
| Other operating charges | 640/8 | €4,116 | €2,063 | -€2,053 | -49.9% |
| Gross operating margin | 9900 | €152,035 | €177,097 | +€25,062 | +16.5% |
| Operating profit (loss) | 9901 | €37,049 | €62,800 | +€25,751 | +69.5% |
| Financial income | 75/76B | €593 | €119 | -€474 | -79.9% |
| Recurring financial income | 75 | €593 | €119 | -€474 | -79.9% |
| Financial charges | 65/66B | €431 | €528 | +€97 | +22.6% |
| Recurring financial charges | 65 | €431 | €528 | +€97 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €37,212 | €62,391 | +€25,180 | +67.7% |
| Income taxes | 67/77 | €11,403 | €21,293 | +€9,890 | +86.7% |
| Profit (loss) for the period | 9904 | €25,809 | €41,099 | +€15,290 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,809 | €41,099 | +€15,290 | +59.2% |
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 14 October 2026 via checked.be.