GOESSENS: what changed
Two fiscal 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.
What changed
GOESSENS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€584,491
2024 · €18,971-€603,461
Equity
€150,897
2024 · €747,409-€596,512
Cash
€261,548
2024 · €361,368-€99,820
Balance sheet total
€8.5m
2024 · €8.1m+€384,037
Largest movements
Assets
- Receivables within one year -€501,685
down €501,685 (-16.3%), from €3.1m to €2.6m
of which Trade receivables: -€467,708
- Tangible fixed assets +€427,058
up €427,058 (+15.9%), from €2.7m to €3.1m
of which Leasing and similar rights: +€372,014
- Stocks and contracts +€340,116
up €340,116 (+24.0%), from €1.4m to €1.8m
of which Contracts in progress: +€316,957
- Receivables after one year +€148,218
up €148,218 (+56.9%), from €260,500 to €408,718
- Cash -€99,820
down €99,820 (-27.6%), from €361,368 to €261,548
mainly Investment in fixed assets (net) (-€971,131) and Net result for the year (-€584,491)
Equity and liabilities
- Profit (loss) carried forward -€584,491
down €584,491 (-1158.0%), from -€50,473 to -€634,963
- Trade debts +€445,621
up €445,621 (+15.8%), from €2.8m to €3.3m
- Debts after one year +€271,641
up €271,641 (+13.3%), from €2.0m to €2.3m
- Current portion of long-term debt +€166,464
up €166,464 (+36.6%), from €455,044 to €621,508
- Advances received +€117,943
up €117,943 (+180.3%), from €65,419 to €183,362
Income statement
- Staff costs +€949,055
up €949,055 (+20.1%), from €4.7m to €5.7m
- Goods and materials +€338,424
up €338,424 (+4.8%), from €7.0m to €7.3m
of which Purchases: +€320,590
- Turnover +€182,294
up €182,294 (+1.3%), from €13.8m to €14.0m
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.
Result 2024
€18,971
Turnover
+€182,294
Other operating income
-€13,144
Goods and materials
-€338,424
Services and other goods
-€132,693
Staff costs
-€949,055
Depreciation
-€76,053
Write-downs
-€1,235
Other operating charges
+€10,085
Other operating items
+€699,987
Financial income
+€7,616
Financial charges
+€7,335
Taxes
-€175
Result 2025
-€584,491
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.
From operations
+€445,803
Investment
-€971,706
Financing
+€426,083
Cash 2024
€361,368
From operations (derived)
+€445,803
Net result for the year
-€584,491
Depreciation
+€496,240
Receivables after one year
-€148,218
Stocks and contracts
-€340,116
Receivables within one year
+€501,685
Deferred charges and accrued income
-€21,741
Trade debts
+€445,621
Tax, wage and social debts
-€26,788
Advances received
+€117,943
Other debts
-€1,532
Accrued charges and deferred income
+€7,200
Investment (derived)
-€971,706
Investment in fixed assets (net)
-€971,131
Current investments
-€575
Financing
+€426,083
Debts after one year
+€271,641
Current portion of long-term debt
+€166,464
Contributions, distributions and other
-€12,021
Cash 2025
€261,548
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,111,623 | €8,495,659 | +€384,037 | +4.7% |
| Formation expenses | 20 | €653 | - | -€653 | |
| Fixed assets | 21/28 | €2,946,093 | €3,421,637 | +€475,544 | +16.1% |
| Intangible fixed assets | 21 | €114,949 | €148,428 | +€33,478 | +29.1% |
| Tangible fixed assets | 22/27 | €2,693,756 | €3,120,814 | +€427,058 | +15.9% |
| Land and buildings | 22 | €4,722 | €13,452 | +€8,730 | +184.9% |
| Plant, machinery and equipment | 23 | €149,421 | €157,766 | +€8,345 | +5.6% |
| Furniture and vehicles | 24 | €144,973 | €186,144 | +€41,171 | +28.4% |
| Leasing and similar rights | 25 | €2,391,438 | €2,763,452 | +€372,014 | +15.6% |
| Other tangible fixed assets | 26 | €3,201 | €0 | -€3,201 | -100.0% |
| Financial fixed assets | 28 | €137,388 | €152,396 | +€15,008 | +10.9% |
| Other financial fixed assets | 284/8 | €137,388 | €152,396 | +€15,008 | +10.9% |
| Amounts receivable and cash guarantees | 285/8 | €137,388 | €152,396 | +€15,008 | +10.9% |
| Current assets | 29/58 | €5,164,876 | €5,074,022 | -€90,854 | -1.8% |
| Amounts receivable after more than one year | 29 | €260,500 | €408,718 | +€148,218 | +56.9% |
| Other amounts receivable | 291 | €260,500 | €408,718 | +€148,218 | +56.9% |
| Stocks and contracts in progress | 3 | €1,415,128 | €1,755,244 | +€340,116 | +24.0% |
| Stocks | 30/36 | €1,227,687 | €1,250,845 | +€23,159 | +1.9% |
| Goods purchased for resale | 34 | €1,227,687 | €1,250,845 | +€23,159 | +1.9% |
| Contracts in progress | 37 | €187,441 | €504,398 | +€316,957 | +169.1% |
| Amounts receivable within one year | 40/41 | €3,078,320 | €2,576,635 | -€501,685 | -16.3% |
| Trade receivables | 40 | €2,738,626 | €2,270,918 | -€467,708 | -17.1% |
| Other amounts receivable | 41 | €339,694 | €305,717 | -€33,977 | -10.0% |
| Current investments | 50/53 | €9,624 | €10,199 | +€575 | +6.0% |
| Other investments | 51/53 | €9,624 | €10,199 | +€575 | +6.0% |
| Cash at bank and in hand | 54/58 | €361,368 | €261,548 | -€99,820 | -27.6% |
| Deferred charges and accrued income | 490/1 | €39,937 | €61,678 | +€21,741 | +54.4% |
| Total equity and liabilities | 10/49 | €8,111,623 | €8,495,659 | +€384,037 | +4.7% |
| Equity | 10/15 | €747,409 | €150,897 | -€596,512 | -79.8% |
| Contributions | 10/11 | €657,000 | €657,000 | = | 0.0% |
| Capital | 10 | €657,000 | €657,000 | = | 0.0% |
| Issued capital | 100 | €657,000 | €657,000 | = | 0.0% |
| Reserves | 13 | €76,846 | €76,846 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,846 | €76,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,473 | -€634,963 | -€584,491 | -1158.0% |
| Investment grants | 15 | €64,035 | €52,014 | -€12,021 | -18.8% |
| Amounts payable | 17/49 | €7,364,214 | €8,344,762 | +€980,548 | +13.3% |
| Amounts payable after more than one year | 17 | €2,037,950 | €2,309,591 | +€271,641 | +13.3% |
| Financial debts | 170/4 | €2,037,950 | €2,309,591 | +€271,641 | +13.3% |
| Subordinated loans | 170 | €15,000 | €11,000 | -€4,000 | -26.7% |
| Leasing and similar obligations | 172 | €1,690,650 | €1,666,091 | -€24,559 | -1.5% |
| Credit institutions | 173 | €332,300 | €632,500 | +€300,200 | +90.3% |
| Amounts payable within one year | 42/48 | €5,315,696 | €6,017,404 | +€701,708 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €455,044 | €621,508 | +€166,464 | +36.6% |
| Financial debts | 43 | €1,550,000 | €1,550,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,550,000 | €1,550,000 | = | 0.0% |
| Trade debts | 44 | €2,829,050 | €3,274,671 | +€445,621 | +15.8% |
| Suppliers | 440/4 | €2,829,050 | €3,274,671 | +€445,621 | +15.8% |
| Advances received on contracts in progress | 46 | €65,419 | €183,362 | +€117,943 | +180.3% |
| Taxes, remuneration and social security | 45 | €414,652 | €387,863 | -€26,788 | -6.5% |
| Taxes | 450/3 | €15,700 | €23,381 | +€7,681 | +48.9% |
| Remuneration and social security | 454/9 | €398,952 | €364,483 | -€34,469 | -8.6% |
| Other amounts payable | 47/48 | €1,532 | - | -€1,532 | |
| Accrued charges and deferred income | 492/3 | €10,568 | €17,768 | +€7,200 | +68.1% |
| Operating income | 70/76A | €14,097,611 | €14,939,368 | +€841,757 | +6.0% |
| Turnover | 70 | €13,825,771 | €14,008,065 | +€182,294 | +1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€284,544 | €316,957 | +€601,501 | |
| Other operating income | 74 | €327,991 | €314,847 | -€13,144 | -4.0% |
| Non-recurring operating income | 76A | €228,393 | €299,498 | +€71,105 | +31.1% |
| Operating charges | 60/66A | €13,911,717 | €15,371,712 | +€1.5m | +10.5% |
| Goods for resale, raw materials and consumables | 60 | €7,000,814 | €7,339,238 | +€338,424 | +4.8% |
| Purchases | 600/8 | €7,041,807 | €7,362,397 | +€320,590 | +4.6% |
| Change in stocks: decrease (increase) | 609 | -€40,993 | -€23,159 | +€17,834 | +43.5% |
| Services and other goods | 61 | €1,682,840 | €1,815,533 | +€132,693 | +7.9% |
| Remuneration, social security and pensions | 62 | €4,710,142 | €5,659,196 | +€949,055 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420,186 | €496,240 | +€76,053 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,235 | - | +€1,235 | |
| Other operating charges | 640/8 | €60,835 | €50,749 | -€10,085 | -16.6% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €38,136 | €10,755 | -€27,380 | -71.8% |
| Operating profit (loss) | 9901 | €185,894 | -€432,344 | -€618,238 | |
| Financial income | 75/76B | €26,133 | €33,749 | +€7,616 | +29.1% |
| Recurring financial income | 75 | €26,133 | €33,749 | +€7,616 | +29.1% |
| Income from financial fixed assets | 750 | €1,520 | - | -€1,520 | |
| Income from current assets | 751 | €11,283 | €20,900 | +€9,616 | +85.2% |
| Other financial income | 752/9 | €13,329 | €12,849 | -€480 | -3.6% |
| Financial charges | 65/66B | €190,644 | €183,309 | -€7,335 | -3.8% |
| Recurring financial charges | 65 | €190,644 | €183,309 | -€7,335 | -3.8% |
| Debt charges | 650 | €186,585 | €182,242 | -€4,342 | -2.3% |
| Other financial charges | 652/9 | €4,059 | €1,067 | -€2,992 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €21,382 | -€581,905 | -€603,287 | |
| Income taxes | 67/77 | €2,411 | €2,586 | +€175 | +7.2% |
| Taxes | 670/3 | €2,411 | €2,600 | +€189 | +7.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €14 | +€14 | |
| Profit (loss) for the period | 9904 | €18,971 | -€584,491 | -€603,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,971 | -€584,491 | -€603,461 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.