GOEMAN DENNIS: 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.
GOEMAN DENNIS
Largest movements
- Receivables within one year -€104,074
down €104,074 (-70.5%), from €147,563 to €43,489
of which Other amounts receivable: -€105,079
- Deferred charges and accrued income -€11,293
down €11,293 (-63.9%), from €17,666 to €6,373
- Tangible fixed assets -€9,173
down €9,173 (-14.6%), from €62,762 to €53,589
of which Leasing and similar rights: -€9,366
- Stocks and contracts +€6,351
up €6,351 (+116%), from €5,461 to €11,811
of which Contracts in progress: +€7,000
- Cash +€5,811
up €5,811 (+71.5%), from €8,130 to €13,941
mainly Receivables within one year (+€104,074) and Depreciation (+€15,210)
- Reserves -€105,721
down €105,721 (-63.2%), from €167,180 to €61,459
- Debts after one year -€9,507
down €9,507 (-34.8%), from €27,306 to €17,799
- Accrued charges and deferred income +€8,070
up €8,070 (+366%), from €2,207 to €10,277
- Other debts -€6,286
down €6,286 (-68.6%), from €9,166 to €2,880
- Gross operating margin -€25,427
down €25,427 (-68.0%), from €37,388 to €11,961
- Taxes -€7,754
down €7,754 (-97.7%), from €7,933 to €179
- Financial income -€5,619
down €5,619 (-89.1%), from €6,309 to €691
- Financial charges -€736
down €736 (-26.5%), from €2,774 to €2,039
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 | €243,021 | €130,742 | -€112,279 | -46.2% |
| Fixed assets | 21/28 | €64,201 | €55,128 | -€9,073 | -14.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €62,762 | €53,589 | -€9,173 | -14.6% |
| Plant, machinery and equipment | 23 | €13,905 | €16,705 | +€2,800 | +20.1% |
| Furniture and vehicles | 24 | €1,898 | €665 | -€1,232 | -64.9% |
| Leasing and similar rights | 25 | €35,540 | €26,174 | -€9,366 | -26.4% |
| Other tangible fixed assets | 26 | €11,419 | €10,044 | -€1,375 | -12.0% |
| Financial fixed assets | 28 | €1,439 | €1,539 | +€100 | +6.9% |
| Current assets | 29/58 | €178,820 | €75,614 | -€103,206 | -57.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,461 | €11,811 | +€6,351 | +116% |
| Stocks | 30/36 | €5,461 | €4,811 | -€650 | -11.9% |
| Contracts in progress | 37 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €147,563 | €43,489 | -€104,074 | -70.5% |
| Trade receivables | 40 | €9,624 | €10,629 | +€1,005 | +10.4% |
| Other amounts receivable | 41 | €137,939 | €32,860 | -€105,079 | -76.2% |
| Cash at bank and in hand | 54/58 | €8,130 | €13,941 | +€5,811 | +71.5% |
| Deferred charges and accrued income | 490/1 | €17,666 | €6,373 | -€11,293 | -63.9% |
| Total equity and liabilities | 10/49 | €243,021 | €130,742 | -€112,279 | -46.2% |
| Equity | 10/15 | €188,180 | €82,459 | -€105,721 | -56.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €167,180 | €61,459 | -€105,721 | -63.2% |
| Distributable reserves | 133 | €167,180 | €61,459 | -€105,721 | -63.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,841 | €48,283 | -€6,558 | -12.0% |
| Amounts payable after more than one year | 17 | €27,306 | €17,799 | -€9,507 | -34.8% |
| Financial debts | 170/4 | €27,306 | €17,799 | -€9,507 | -34.8% |
| Amounts payable within one year | 42/48 | €25,327 | €20,207 | -€5,120 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €9,137 | €9,507 | +€370 | +4.1% |
| Trade debts | 44 | €6,627 | €5,333 | -€1,295 | -19.5% |
| Suppliers | 440/4 | €6,627 | €5,333 | -€1,295 | -19.5% |
| Advances received on contracts in progress | 46 | - | €2,308 | +€2,308 | |
| Taxes, remuneration and social security | 45 | €397 | €179 | -€218 | -54.8% |
| Taxes | 450/3 | €397 | €179 | -€218 | -54.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,166 | €2,880 | -€6,286 | -68.6% |
| Accrued charges and deferred income | 492/3 | €2,207 | €10,277 | +€8,070 | +366% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,837 | €15,210 | +€373 | +2.5% |
| Other operating charges | 640/8 | €2,440 | €2,229 | -€211 | -8.7% |
| Gross operating margin | 9900 | €37,388 | €11,961 | -€25,427 | -68.0% |
| Operating profit (loss) | 9901 | €20,111 | -€5,478 | -€25,589 | |
| Financial income | 75/76B | €6,309 | €691 | -€5,619 | -89.1% |
| Recurring financial income | 75 | €6,309 | €691 | -€5,619 | -89.1% |
| Financial charges | 65/66B | €2,774 | €2,039 | -€736 | -26.5% |
| Recurring financial charges | 65 | €2,774 | €2,039 | -€736 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €23,646 | -€6,826 | -€30,472 | |
| Income taxes | 67/77 | €7,933 | €179 | -€7,754 | -97.7% |
| Profit (loss) for the period | 9904 | €15,712 | -€7,006 | -€22,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,712 | -€7,006 | -€22,718 |
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 25 October 2026 via checked.be.