GOETELEN: 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.
GOETELEN
Largest movements
- Receivables within one year +€29,980
up €29,980 (+47.2%), from €63,519 to €93,499
of which Other amounts receivable: +€29,086
- Tangible fixed assets -€22,466
down €22,466 (-3.1%), from €719,807 to €697,341
of which Furniture and vehicles: -€59,254
- Cash +€14,174
up €14,174 (+158%), from €8,966 to €23,140
mainly Depreciation (+€52,500) and Debts after one year (+€27,896)
- Profit (loss) carried forward -€40,310
down €40,310 (-45.5%), from -€88,532 to -€128,843
- Debts after one year +€27,896
up €27,896 (+131%), from €21,273 to €49,168
- Short-term financial debts +€17,032
up €17,032 (+67.5%), from €25,244 to €42,275
- Current portion of long-term debt +€12,542
up €12,542 (+95.7%), from €13,101 to €25,643
- Trade debts +€9,634
up €9,634 (+16.7%), from €57,723 to €67,357
- Gross operating margin -€32,712
down €32,712 (-13.9%), from €235,773 to €203,060
- Depreciation -€14,213
down €14,213 (-21.3%), from €66,712 to €52,500
- Staff costs +€9,323
up €9,323 (+5.6%), from €165,831 to €175,154
- Other operating charges +€2,805
up €2,805 (+59.5%), from €4,718 to €7,523
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 | €802,162 | €825,490 | +€23,328 | +2.9% |
| Fixed assets | 21/28 | €719,807 | €697,341 | -€22,466 | -3.1% |
| Tangible fixed assets | 22/27 | €719,807 | €697,341 | -€22,466 | -3.1% |
| Land and buildings | 22 | €608,888 | €579,788 | -€29,100 | -4.8% |
| Plant, machinery and equipment | 23 | €49,523 | €50,522 | +€999 | +2.0% |
| Furniture and vehicles | 24 | €61,396 | €2,142 | -€59,254 | -96.5% |
| Leasing and similar rights | 25 | - | €64,889 | +€64,889 | |
| Current assets | 29/58 | €82,355 | €128,149 | +€45,794 | +55.6% |
| Stocks and contracts in progress | 3 | €6,970 | €7,710 | +€740 | +10.6% |
| Stocks | 30/36 | €6,970 | €7,710 | +€740 | +10.6% |
| Amounts receivable within one year | 40/41 | €63,519 | €93,499 | +€29,980 | +47.2% |
| Trade receivables | 40 | €1,596 | €2,490 | +€894 | +56.0% |
| Other amounts receivable | 41 | €61,923 | €91,009 | +€29,086 | +47.0% |
| Cash at bank and in hand | 54/58 | €8,966 | €23,140 | +€14,174 | +158% |
| Deferred charges and accrued income | 490/1 | €2,900 | €3,800 | +€900 | +31.0% |
| Total equity and liabilities | 10/49 | €802,162 | €825,490 | +€23,328 | +2.9% |
| Equity | 10/15 | €663,468 | €623,158 | -€40,310 | -6.1% |
| Contributions | 10/11 | €752,000 | €752,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,532 | -€128,843 | -€40,310 | -45.5% |
| Amounts payable | 17/49 | €138,694 | €202,332 | +€63,638 | +45.9% |
| Amounts payable after more than one year | 17 | €21,273 | €49,168 | +€27,896 | +131% |
| Financial debts | 170/4 | €21,273 | €49,168 | +€27,896 | +131% |
| Amounts payable within one year | 42/48 | €113,586 | €153,164 | +€39,578 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €13,101 | €25,643 | +€12,542 | +95.7% |
| Financial debts | 43 | €25,244 | €42,275 | +€17,032 | +67.5% |
| Credit institutions | 430/8 | €25,244 | €42,275 | +€17,032 | +67.5% |
| Trade debts | 44 | €57,723 | €67,357 | +€9,634 | +16.7% |
| Suppliers | 440/4 | €57,723 | €67,357 | +€9,634 | +16.7% |
| Taxes, remuneration and social security | 45 | €17,518 | €17,889 | +€371 | +2.1% |
| Taxes | 450/3 | €3,043 | €3,039 | -€4 | -0.1% |
| Remuneration and social security | 454/9 | €14,475 | €14,850 | +€374 | +2.6% |
| Accrued charges and deferred income | 492/3 | €3,836 | €0 | -€3,836 | -100% |
| Remuneration, social security and pensions | 62 | €165,831 | €175,154 | +€9,323 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,712 | €52,500 | -€14,213 | -21.3% |
| Other operating charges | 640/8 | €4,718 | €7,523 | +€2,805 | +59.5% |
| Non-recurring operating charges | 66A | - | €6,516 | +€6,516 | |
| Gross operating margin | 9900 | €235,773 | €203,060 | -€32,712 | -13.9% |
| Operating profit (loss) | 9901 | -€1,489 | -€38,633 | -€37,144 | -2,495% |
| Financial income | 75/76B | €2,794 | €4,092 | +€1,298 | +46.5% |
| Recurring financial income | 75 | €2,794 | €4,092 | +€1,298 | +46.5% |
| Financial charges | 65/66B | €5,375 | €5,280 | -€95 | -1.8% |
| Recurring financial charges | 65 | €5,375 | €5,280 | -€95 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,070 | -€39,822 | -€35,752 | -878% |
| Income taxes | 67/77 | €473 | €489 | +€16 | +3.4% |
| Profit (loss) for the period | 9904 | -€4,543 | -€40,310 | -€35,768 | -787% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,543 | -€40,310 | -€35,768 | -787% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.