GOETHALS & CIE: 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.
GOETHALS & CIE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,903
up €2,903 (+26.4%), from €11,015 to €13,917
- Depreciation -€2,050
down €2,050 (-23.5%), from €8,711 to €6,661
- Other operating charges +€260
up €260 (+3.2%), from €8,231 to €8,491
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 | €2,057,649 | €2,055,159 | -€2,490 | -0.1% |
| Fixed assets | 21/28 | €1,628,732 | €1,632,071 | +€3,339 | +0.2% |
| Tangible fixed assets | 22/27 | €1,628,732 | €1,632,071 | +€3,339 | +0.2% |
| Land and buildings | 22 | €1,609,107 | €1,613,272 | +€4,165 | +0.3% |
| Plant, machinery and equipment | 23 | €18,440 | €18,248 | -€192 | -1.0% |
| Furniture and vehicles | 24 | €1,185 | €551 | -€634 | -53.5% |
| Current assets | 29/58 | €428,917 | €423,089 | -€5,828 | -1.4% |
| Amounts receivable within one year | 40/41 | €292,717 | €280,656 | -€12,061 | -4.1% |
| Trade receivables | 40 | €291,696 | €280,000 | -€11,696 | -4.0% |
| Other amounts receivable | 41 | €1,021 | €656 | -€365 | -35.7% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,200 | €22,432 | +€6,232 | +38.5% |
| Total equity and liabilities | 10/49 | €2,057,649 | €2,055,159 | -€2,490 | -0.1% |
| Equity | 10/15 | €2,055,819 | €2,054,747 | -€1,072 | -0.1% |
| Contributions | 10/11 | €660,000 | €660,000 | = | 0.0% |
| Capital | 10 | €660,000 | €660,000 | = | 0.0% |
| Issued capital | 100 | €660,000 | €660,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,303,316 | €1,303,316 | = | 0.0% |
| Reserves | 13 | €162,714 | €162,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,245 | €125,245 | = | 0.0% |
| Legal reserve | 130 | €5,245 | €5,245 | = | 0.0% |
| Own shares acquired | 1312 | €120,000 | €120,000 | = | 0.0% |
| Distributable reserves | 133 | €37,469 | €37,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,211 | -€71,283 | -€1,072 | -1.5% |
| Amounts payable | 17/49 | €1,830 | €413 | -€1,417 | -77.5% |
| Amounts payable within one year | 42/48 | €1,830 | €413 | -€1,417 | -77.5% |
| Trade debts | 44 | €1,830 | €413 | -€1,417 | -77.5% |
| Suppliers | 440/4 | €1,830 | €413 | -€1,417 | -77.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €940 | €0 | -€940 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,711 | €6,661 | -€2,050 | -23.5% |
| Other operating charges | 640/8 | €8,231 | €8,491 | +€260 | +3.2% |
| Gross operating margin | 9900 | €11,015 | €13,917 | +€2,903 | +26.4% |
| Operating profit (loss) | 9901 | -€5,928 | -€1,234 | +€4,694 | +79.2% |
| Financial income | 75/76B | €127 | €208 | +€81 | +63.3% |
| Recurring financial income | 75 | €127 | €208 | +€81 | +63.3% |
| Financial charges | 65/66B | €40 | €46 | +€6 | +16.1% |
| Recurring financial charges | 65 | €40 | €46 | +€6 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,840 | -€1,072 | +€4,768 | +81.6% |
| Profit (loss) for the period | 9904 | -€5,840 | -€1,072 | +€4,768 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,840 | -€1,072 | +€4,768 | +81.6% |
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 19 October 2026 via checked.be.