Goemaere Engineering: 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 Engineering
Largest movements
- Cash -€2.9m
down €2.9m (-73.0%), from €4.0m to €1.1m
mainly Other debts (-€2.9m) and Current investments (-€2.6m)
- Current investments +€2.6m
up €2.6m (+142.1%), from €1.8m to €4.4m
- Tangible fixed assets +€594,454
up €594,454 (+5.4%), from €10.9m to €11.5m
of which Land and buildings: +€613,181
- Other debts -€2.9m
down €2.9m (-66.9%), from €4.4m to €1.5m
- Provisions +€2.5m
new in 2025: €2.5m
- Reserves +€742,895
up €742,895 (+8.9%), from €8.3m to €9.1m
- Financial charges +€217,688
up €217,688 (+800.1%), from €27,207 to €244,895
- Depreciation -€199,200
down €199,200 (-47.0%), from €424,165 to €224,965
- Gross operating margin -€50,877
down €50,877 (-4.0%), from €1.3m to €1.2m
- Taxes -€30,302
down €30,302 (-14.0%), from €216,758 to €186,456
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 | €17,483,698 | €17,765,585 | +€281,887 | +1.6% |
| Fixed assets | 21/28 | €11,521,015 | €12,115,470 | +€594,454 | +5.2% |
| Tangible fixed assets | 22/27 | €10,944,663 | €11,539,117 | +€594,454 | +5.4% |
| Land and buildings | 22 | €10,677,164 | €11,290,345 | +€613,181 | +5.7% |
| Plant, machinery and equipment | 23 | €21,268 | €16,486 | -€4,781 | -22.5% |
| Furniture and vehicles | 24 | €246,231 | €232,286 | -€13,946 | -5.7% |
| Financial fixed assets | 28 | €576,352 | €576,352 | = | 0.0% |
| Current assets | 29/58 | €5,962,683 | €5,650,115 | -€312,568 | -5.2% |
| Amounts receivable within one year | 40/41 | €97,878 | €152,965 | +€55,086 | +56.3% |
| Trade receivables | 40 | €23,474 | €34,826 | +€11,352 | +48.4% |
| Other amounts receivable | 41 | €74,404 | €118,139 | +€43,734 | +58.8% |
| Current investments | 50/53 | €1,817,445 | €4,399,191 | +€2.6m | +142.1% |
| Cash at bank and in hand | 54/58 | €4,040,716 | €1,090,984 | -€2.9m | -73.0% |
| Deferred charges and accrued income | 490/1 | €6,643 | €6,975 | +€332 | +5.0% |
| Total equity and liabilities | 10/49 | €17,483,698 | €17,765,585 | +€281,887 | +1.6% |
| Equity | 10/15 | €13,005,697 | €13,748,593 | +€742,895 | +5.7% |
| Contributions | 10/11 | €4,668,680 | €4,668,680 | = | 0.0% |
| Reserves | 13 | €8,337,017 | €9,079,913 | +€742,895 | +8.9% |
| Distributable reserves | 133 | €8,337,017 | €9,079,913 | +€742,895 | +8.9% |
| Provisions and deferred taxes | 16 | - | €2,481,823 | +€2.5m | |
| Provisions for liabilities and charges | 160/5 | - | €2,481,823 | +€2.5m | |
| Other liabilities and charges | 164/5 | - | €2,481,823 | +€2.5m | |
| Amounts payable | 17/49 | €4,478,001 | €1,535,170 | -€2.9m | -65.7% |
| Amounts payable within one year | 42/48 | €4,453,434 | €1,507,513 | -€2.9m | -66.1% |
| Trade debts | 44 | €13,553 | €10,728 | -€2,825 | -20.8% |
| Suppliers | 440/4 | €13,553 | €10,728 | -€2,825 | -20.8% |
| Taxes, remuneration and social security | 45 | €34,046 | €37,763 | +€3,716 | +10.9% |
| Taxes | 450/3 | €19,554 | €22,724 | +€3,170 | +16.2% |
| Remuneration and social security | 454/9 | €14,493 | €15,039 | +€546 | +3.8% |
| Other amounts payable | 47/48 | €4,405,835 | €1,459,023 | -€2.9m | -66.9% |
| Accrued charges and deferred income | 492/3 | €24,567 | €27,656 | +€3,089 | +12.6% |
| Remuneration, social security and pensions | 62 | €86,985 | €89,880 | +€2,894 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €424,165 | €224,965 | -€199,200 | -47.0% |
| Other operating charges | 640/8 | €8,198 | €12,753 | +€4,555 | +55.6% |
| Gross operating margin | 9900 | €1,275,336 | €1,224,459 | -€50,877 | -4.0% |
| Operating profit (loss) | 9901 | €755,988 | €896,862 | +€140,874 | +18.6% |
| Financial income | 75/76B | €271,137 | €277,385 | +€6,249 | +2.3% |
| Recurring financial income | 75 | €271,137 | €277,385 | +€6,249 | +2.3% |
| Financial charges | 65/66B | €27,207 | €244,895 | +€217,688 | +800.1% |
| Recurring financial charges | 65 | €27,207 | €244,895 | +€217,688 | +800.1% |
| Profit (loss) for the period before taxes | 9903 | €999,917 | €929,352 | -€70,566 | -7.1% |
| Income taxes | 67/77 | €216,758 | €186,456 | -€30,302 | -14.0% |
| Profit (loss) for the period | 9904 | €783,159 | €742,895 | -€40,264 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €783,159 | €742,895 | -€40,264 | -5.1% |
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 10 October 2026 via checked.be.