Goetforts: 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.
Goetforts
Largest movements
- Tangible fixed assets +€40,006
up €40,006 (+22.0%), from €181,583 to €221,589
of which Furniture and vehicles: +€56,846
- Cash -€6,221
down €6,221 (-31.9%), from €19,523 to €13,302
mainly Investment in fixed assets (net) (-€67,310) and Net result for the year (-€25,918)
- Debts after one year +€46,985
new in 2025: €46,985
- Profit (loss) carried forward -€25,918
down €25,918 (-373.8%), from -€6,933 to -€32,851
- Current portion of long-term debt +€12,105
new in 2025: €12,105
- Other debts +€10,340
up €10,340 (+8.7%), from €119,211 to €129,551
- Trade debts -€5,857
down €5,857 (-44.4%), from €13,203 to €7,346
- Gross operating margin -€13,955
down €13,955 (-55.4%), from €25,170 to €11,215
- Depreciation +€10,960
up €10,960 (+67.1%), from €16,344 to €27,304
- Other operating charges +€4,469
up €4,469 (+134.8%), from €3,315 to €7,784
- Financial charges +€1,006
up €1,006 (+200.2%), from €503 to €1,509
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 | €209,290 | €243,910 | +€34,620 | +16.5% |
| Fixed assets | 21/28 | €181,583 | €221,589 | +€40,006 | +22.0% |
| Tangible fixed assets | 22/27 | €181,583 | €221,589 | +€40,006 | +22.0% |
| Land and buildings | 22 | €161,558 | €149,785 | -€11,773 | -7.3% |
| Plant, machinery and equipment | 23 | €11,016 | €5,949 | -€5,067 | -46.0% |
| Furniture and vehicles | 24 | €9,010 | €65,855 | +€56,846 | +630.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €27,706 | €22,321 | -€5,386 | -19.4% |
| Amounts receivable within one year | 40/41 | €7,354 | €5,839 | -€1,514 | -20.6% |
| Trade receivables | 40 | €6,554 | €5,574 | -€980 | -14.9% |
| Other amounts receivable | 41 | €800 | €265 | -€535 | -66.9% |
| Cash at bank and in hand | 54/58 | €19,523 | €13,302 | -€6,221 | -31.9% |
| Deferred charges and accrued income | 490/1 | €830 | €3,180 | +€2,350 | +283.2% |
| Total equity and liabilities | 10/49 | €209,290 | €243,910 | +€34,620 | +16.5% |
| Equity | 10/15 | €72,067 | €46,149 | -€25,918 | -36.0% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,933 | -€32,851 | -€25,918 | -373.8% |
| Amounts payable | 17/49 | €137,223 | €197,761 | +€60,538 | +44.1% |
| Amounts payable after more than one year | 17 | - | €46,985 | +€46,985 | |
| Financial debts | 170/4 | - | €46,985 | +€46,985 | |
| Amounts payable within one year | 42/48 | €137,223 | €150,776 | +€13,553 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,105 | +€12,105 | |
| Trade debts | 44 | €13,203 | €7,346 | -€5,857 | -44.4% |
| Suppliers | 440/4 | €13,203 | €7,346 | -€5,857 | -44.4% |
| Taxes, remuneration and social security | 45 | €4,809 | €1,775 | -€3,035 | -63.1% |
| Taxes | 450/3 | €4,809 | €1,775 | -€3,035 | -63.1% |
| Other amounts payable | 47/48 | €119,211 | €129,551 | +€10,340 | +8.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,344 | €27,304 | +€10,960 | +67.1% |
| Other operating charges | 640/8 | €3,315 | €7,784 | +€4,469 | +134.8% |
| Gross operating margin | 9900 | €25,170 | €11,215 | -€13,955 | -55.4% |
| Operating profit (loss) | 9901 | €5,511 | -€23,874 | -€29,385 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €503 | €1,509 | +€1,006 | +200.2% |
| Recurring financial charges | 65 | €503 | €1,509 | +€1,006 | +200.2% |
| Profit (loss) for the period before taxes | 9903 | €5,013 | -€25,383 | -€30,396 | |
| Income taxes | 67/77 | €331 | €535 | +€204 | +61.6% |
| Profit (loss) for the period | 9904 | €4,682 | -€25,918 | -€30,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,682 | -€25,918 | -€30,600 |
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 10 October 2026 via checked.be.