GOETA: 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.
GOETA
Largest movements
- Cash -€21,250
down €21,250 (-29.3%), from €72,466 to €51,216
mainly Receivables within one year (-€16,251) and Stocks and contracts (-€14,500)
- Receivables within one year +€16,251
up €16,251 (+52.1%), from €31,187 to €47,438
of which Trade receivables: +€15,429
- Stocks and contracts +€14,500
new in 2025: €14,500
- Profit (loss) carried forward +€11,634
up €11,634 (+15.6%), from €74,607 to €86,241
- Tax, wage and social debts -€2,357
down €2,357 (-24.6%), from €9,590 to €7,234
of which Taxes: -€4,045
- Gross operating margin -€17,535
down €17,535 (-51.3%), from €34,198 to €16,664
- Taxes -€2,653
down €2,653 (-42.3%), from €6,278 to €3,625
- Staff costs -€1,279
down €1,279 (-100.0%), from €1,279 to €0
- Financial charges -€379
down €379 (-85.5%), from €444 to €64
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 | €106,146 | €115,447 | +€9,301 | +8.8% |
| Fixed assets | 21/28 | €2,493 | €2,293 | -€200 | -8.0% |
| Tangible fixed assets | 22/27 | €248 | €48 | -€200 | -80.6% |
| Land and buildings | 22 | €248 | €48 | -€200 | -80.6% |
| Financial fixed assets | 28 | €2,245 | €2,245 | = | 0.0% |
| Current assets | 29/58 | €103,654 | €113,154 | +€9,500 | +9.2% |
| Stocks and contracts in progress | 3 | - | €14,500 | +€14,500 | |
| Stocks | 30/36 | - | €14,500 | +€14,500 | |
| Amounts receivable within one year | 40/41 | €31,187 | €47,438 | +€16,251 | +52.1% |
| Trade receivables | 40 | €2,431 | €17,860 | +€15,429 | +634.6% |
| Other amounts receivable | 41 | €28,756 | €29,578 | +€822 | +2.9% |
| Cash at bank and in hand | 54/58 | €72,466 | €51,216 | -€21,250 | -29.3% |
| Total equity and liabilities | 10/49 | €106,146 | €115,447 | +€9,301 | +8.8% |
| Equity | 10/15 | €95,067 | €106,701 | +€11,634 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,607 | €86,241 | +€11,634 | +15.6% |
| Amounts payable | 17/49 | €11,080 | €8,746 | -€2,333 | -21.1% |
| Amounts payable within one year | 42/48 | €11,080 | €8,746 | -€2,333 | -21.1% |
| Trade debts | 44 | €1,489 | €1,513 | +€24 | +1.6% |
| Suppliers | 440/4 | €1,489 | €1,513 | +€24 | +1.6% |
| Taxes, remuneration and social security | 45 | €9,590 | €7,234 | -€2,357 | -24.6% |
| Taxes | 450/3 | €6,278 | €2,234 | -€4,045 | -64.4% |
| Remuneration and social security | 454/9 | €3,312 | €5,000 | +€1,688 | +51.0% |
| Remuneration, social security and pensions | 62 | €1,279 | €0 | -€1,279 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €954 | €1,141 | +€187 | +19.6% |
| Gross operating margin | 9900 | €34,198 | €16,664 | -€17,535 | -51.3% |
| Operating profit (loss) | 9901 | €31,766 | €15,323 | -€16,443 | -51.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.9% |
| Financial charges | 65/66B | €444 | €64 | -€379 | -85.5% |
| Recurring financial charges | 65 | €444 | €64 | -€379 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €31,323 | €15,258 | -€16,065 | -51.3% |
| Income taxes | 67/77 | €6,278 | €3,625 | -€2,653 | -42.3% |
| Profit (loss) for the period | 9904 | €25,045 | €11,634 | -€13,412 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,045 | €11,634 | -€13,412 | -53.5% |
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 11 October 2026 via checked.be.