Goethals Cooling: 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 Cooling
Largest movements
- Cash +€180,724
up €180,724 (+44.5%), from €406,092 to €586,816
mainly Net result for the year (+€154,148) and Depreciation (+€52,202)
- Tangible fixed assets -€47,877
down €47,877 (-17.4%), from €275,352 to €227,475
of which Land and buildings: -€33,626
- Receivables within one year +€30,508
up €30,508 (+63.2%), from €48,242 to €78,750
of which Trade receivables: +€19,240
- Reserves +€154,148
up €154,148 (+20.9%), from €736,696 to €890,844
- Trade debts +€20,488
up €20,488 (+294.5%), from €6,956 to €27,444
- Debts after one year -€17,404
down €17,404 (-66.4%), from €26,199 to €8,795
- Financial income +€12,447
new in 2025: €12,447
- Other operating charges +€4,602
new in 2025: €4,602
- Financial charges -€3,827
down €3,827 (-21.1%), from €18,113 to €14,286
- Taxes +€3,225
up €3,225 (+5.0%), from €63,941 to €67,166
- Gross operating margin -€2,946
down €2,946 (-1.0%), from €282,903 to €279,957
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 | €1,136,075 | €1,299,934 | +€163,859 | +14.4% |
| Fixed assets | 21/28 | €275,352 | €227,475 | -€47,877 | -17.4% |
| Tangible fixed assets | 22/27 | €275,352 | €227,475 | -€47,877 | -17.4% |
| Land and buildings | 22 | €218,562 | €184,936 | -€33,626 | -15.4% |
| Plant, machinery and equipment | 23 | €1,119 | €619 | -€500 | -44.7% |
| Furniture and vehicles | 24 | €55,671 | €41,920 | -€13,751 | -24.7% |
| Current assets | 29/58 | €860,723 | €1,072,459 | +€211,736 | +24.6% |
| Stocks and contracts in progress | 3 | €4,665 | €4,515 | -€150 | -3.2% |
| Stocks | 30/36 | €4,665 | €4,515 | -€150 | -3.2% |
| Amounts receivable within one year | 40/41 | €48,242 | €78,750 | +€30,508 | +63.2% |
| Trade receivables | 40 | €47,500 | €66,740 | +€19,240 | +40.5% |
| Other amounts receivable | 41 | €742 | €12,010 | +€11,268 | +1518.6% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €406,092 | €586,816 | +€180,724 | +44.5% |
| Deferred charges and accrued income | 490/1 | €1,724 | €2,378 | +€654 | +37.9% |
| Total equity and liabilities | 10/49 | €1,136,075 | €1,299,934 | +€163,859 | +14.4% |
| Equity | 10/15 | €830,814 | €984,962 | +€154,148 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €736,696 | €890,844 | +€154,148 | +20.9% |
| Distributable reserves | 133 | €736,696 | €890,844 | +€154,148 | +20.9% |
| Profit (loss) carried forward | 14 | €75,518 | €75,518 | = | 0.0% |
| Amounts payable | 17/49 | €305,261 | €314,972 | +€9,711 | +3.2% |
| Amounts payable after more than one year | 17 | €26,199 | €8,795 | -€17,404 | -66.4% |
| Financial debts | 170/4 | €26,199 | €8,795 | -€17,404 | -66.4% |
| Amounts payable within one year | 42/48 | €263,462 | €292,527 | +€29,065 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €17,157 | €17,403 | +€246 | +1.4% |
| Trade debts | 44 | €6,956 | €27,444 | +€20,488 | +294.5% |
| Suppliers | 440/4 | €6,956 | €27,444 | +€20,488 | +294.5% |
| Taxes, remuneration and social security | 45 | €34,199 | €45,358 | +€11,159 | +32.6% |
| Taxes | 450/3 | €30,699 | €41,958 | +€11,259 | +36.7% |
| Remuneration and social security | 454/9 | €3,500 | €3,400 | -€100 | -2.9% |
| Other amounts payable | 47/48 | €205,150 | €202,322 | -€2,828 | -1.4% |
| Accrued charges and deferred income | 492/3 | €15,600 | €13,650 | -€1,950 | -12.5% |
| Non-recurring operating income | 76A | €15,500 | - | -€15,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,164 | €52,202 | +€38 | +0.1% |
| Other operating charges | 640/8 | - | €4,602 | +€4,602 | |
| Gross operating margin | 9900 | €282,903 | €279,957 | -€2,946 | -1.0% |
| Operating profit (loss) | 9901 | €230,739 | €223,153 | -€7,586 | -3.3% |
| Financial income | 75/76B | - | €12,447 | +€12,447 | |
| Recurring financial income | 75 | - | €12,447 | +€12,447 | |
| Financial charges | 65/66B | €18,113 | €14,286 | -€3,827 | -21.1% |
| Recurring financial charges | 65 | €18,113 | €14,286 | -€3,827 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €212,626 | €221,314 | +€8,688 | +4.1% |
| Income taxes | 67/77 | €63,941 | €67,166 | +€3,225 | +5.0% |
| Profit (loss) for the period | 9904 | €148,685 | €154,148 | +€5,463 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €148,685 | €154,148 | +€5,463 | +3.7% |
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.