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
- Current investments +€85,577
up €85,577 (+8.1%), from €1.1m to €1.1m
- Receivables within one year +€15,449
up €15,449 (+105%), from €14,772 to €30,221
of which Other amounts receivable: +€14,315
- Reserves +€79,516
up €79,516 (+17.9%), from €443,990 to €523,506
of which Distributable reserves: +€79,516
- Other debts +€21,800
up €21,800 (+19.0%), from €114,572 to €136,372
- Financial income +€88,011
up €88,011 (+240%), from €36,652 to €124,662
- Gross operating margin +€4,430
up €4,430 (+12.5%), from -€35,445 to -€31,015
- Other operating charges +€1,764
up €1,764 (+309%), from €572 to €2,336
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 | €1,085,441 | €1,185,889 | +€100,448 | +9.3% |
| Fixed assets | 21/28 | €12,499 | €9,116 | -€3,383 | -27.1% |
| Tangible fixed assets | 22/27 | €12,499 | €9,116 | -€3,383 | -27.1% |
| Plant, machinery and equipment | 23 | €3,169 | €1,087 | -€2,081 | -65.7% |
| Furniture and vehicles | 24 | €9,330 | €8,028 | -€1,302 | -14.0% |
| Current assets | 29/58 | €1,072,942 | €1,176,773 | +€103,831 | +9.7% |
| Amounts receivable within one year | 40/41 | €14,772 | €30,221 | +€15,449 | +105% |
| Trade receivables | 40 | - | €1,134 | +€1,134 | |
| Other amounts receivable | 41 | €14,772 | €29,088 | +€14,315 | +96.9% |
| Current investments | 50/53 | €1,053,718 | €1,139,295 | +€85,577 | +8.1% |
| Cash at bank and in hand | 54/58 | €4,452 | €7,258 | +€2,806 | +63.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,085,441 | €1,185,889 | +€100,448 | +9.3% |
| Equity | 10/15 | €962,713 | €1,042,228 | +€79,516 | +8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €443,990 | €523,506 | +€79,516 | +17.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €437,790 | €517,306 | +€79,516 | +18.2% |
| Profit (loss) carried forward | 14 | €456,723 | €456,723 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €122,729 | €143,661 | +€20,932 | +17.1% |
| Amounts payable within one year | 42/48 | €120,979 | €140,249 | +€19,270 | +15.9% |
| Trade debts | 44 | €3,264 | €710 | -€2,554 | -78.2% |
| Suppliers | 440/4 | €3,264 | €710 | -€2,554 | -78.2% |
| Taxes, remuneration and social security | 45 | €3,143 | €3,167 | +€24 | +0.8% |
| Taxes | 450/3 | €3,143 | €3,167 | +€24 | +0.8% |
| Other amounts payable | 47/48 | €114,572 | €136,372 | +€21,800 | +19.0% |
| Accrued charges and deferred income | 492/3 | €1,750 | €3,412 | +€1,662 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,409 | €3,383 | -€25 | -0.7% |
| Other operating charges | 640/8 | €572 | €2,336 | +€1,764 | +309% |
| Gross operating margin | 9900 | -€35,445 | -€31,015 | +€4,430 | +12.5% |
| Operating profit (loss) | 9901 | -€39,425 | -€36,735 | +€2,691 | +6.8% |
| Financial income | 75/76B | €36,652 | €124,662 | +€88,011 | +240% |
| Recurring financial income | 75 | €36,652 | €124,662 | +€88,011 | +240% |
| Financial charges | 65/66B | €120 | €101 | -€19 | -16.2% |
| Recurring financial charges | 65 | €120 | €101 | -€19 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,894 | €87,827 | +€90,721 | |
| Transfer from deferred taxes | 780 | €22,799 | €0 | -€22,799 | -100% |
| Income taxes | 67/77 | €8,353 | €8,311 | -€42 | -0.5% |
| Profit (loss) for the period | 9904 | €11,552 | €79,516 | +€67,964 | +588% |
| Transfer from tax-exempt reserves | 789 | €68,386 | €0 | -€68,386 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €79,938 | €79,516 | -€422 | -0.5% |
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 24 October 2026 via checked.be.