GOEPON: 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.
GOEPON
Largest movements
- Tangible fixed assets -€4,986
down €4,986 (-16.6%), from €30,089 to €25,103
- Receivables within one year +€3,092
up €3,092 (+59.0%), from €5,245 to €8,337
of which Trade receivables: +€4,385
- Cash -€1,883
down €1,883 (-9.3%), from €20,235 to €18,352
mainly Investment in fixed assets (net) (-€8,771) and Accrued charges and deferred income (-€6,827)
- Accrued charges and deferred income -€6,827
down €6,827 (-36.3%), from €18,832 to €12,005
- Trade debts +€2,005
up €2,005 (+29.9%), from €6,704 to €8,709
- Profit (loss) carried forward +€1,176
up €1,176 (+2.0%), from -€59,283 to -€58,107
- Staff costs +€6,516
up €6,516 (+10.1%), from €64,287 to €70,803
- Other operating charges +€3,693
up €3,693 (+123.5%), from €2,990 to €6,683
- Gross operating margin +€3,528
up €3,528 (+4.0%), from €89,114 to €92,642
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 | €55,773 | €51,996 | -€3,777 | -6.8% |
| Fixed assets | 21/28 | €30,293 | €25,307 | -€4,986 | -16.5% |
| Tangible fixed assets | 22/27 | €30,089 | €25,103 | -€4,986 | -16.6% |
| Furniture and vehicles | 24 | €30,089 | €25,103 | -€4,986 | -16.6% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €25,480 | €26,689 | +€1,209 | +4.7% |
| Amounts receivable within one year | 40/41 | €5,245 | €8,337 | +€3,092 | +59.0% |
| Trade receivables | 40 | €2,438 | €6,823 | +€4,385 | +179.9% |
| Other amounts receivable | 41 | €2,807 | €1,514 | -€1,293 | -46.1% |
| Cash at bank and in hand | 54/58 | €20,235 | €18,352 | -€1,883 | -9.3% |
| Total equity and liabilities | 10/49 | €55,773 | €51,996 | -€3,777 | -6.8% |
| Equity | 10/15 | €5,816 | €6,992 | +€1,176 | +20.2% |
| 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 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,283 | -€58,107 | +€1,176 | +2.0% |
| Provisions and deferred taxes | 16 | €6,757 | €6,757 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,757 | €6,757 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,757 | €6,757 | = | 0.0% |
| Amounts payable | 17/49 | €43,200 | €38,247 | -€4,953 | -11.5% |
| Amounts payable within one year | 42/48 | €24,368 | €26,242 | +€1,874 | +7.7% |
| Trade debts | 44 | €6,704 | €8,709 | +€2,005 | +29.9% |
| Suppliers | 440/4 | €6,704 | €8,709 | +€2,005 | +29.9% |
| Taxes, remuneration and social security | 45 | €3,526 | €3,395 | -€131 | -3.7% |
| Taxes | 450/3 | - | €114 | +€114 | |
| Remuneration and social security | 454/9 | €3,526 | €3,281 | -€245 | -6.9% |
| Other amounts payable | 47/48 | €14,138 | €14,138 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,832 | €12,005 | -€6,827 | -36.3% |
| Remuneration, social security and pensions | 62 | €64,287 | €70,803 | +€6,516 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,754 | €13,757 | +€3 | 0.0% |
| Other operating charges | 640/8 | €2,990 | €6,683 | +€3,693 | +123.5% |
| Gross operating margin | 9900 | €89,114 | €92,642 | +€3,528 | +4.0% |
| Operating profit (loss) | 9901 | €8,083 | €1,399 | -€6,684 | -82.7% |
| Financial charges | 65/66B | €291 | €223 | -€68 | -23.4% |
| Recurring financial charges | 65 | €291 | €223 | -€68 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €7,792 | €1,176 | -€6,616 | -84.9% |
| Profit (loss) for the period | 9904 | €7,792 | €1,176 | -€6,616 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,792 | €1,176 | -€6,616 | -84.9% |
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 11 October 2026 via checked.be.