GOETHALS DAKWERKEN: 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 DAKWERKEN
Largest movements
- Cash +€56,118
up €56,118 (+77.8%), from €72,147 to €128,265
mainly Net result for the year (+€84,735) and Trade debts (+€58,711)
- Receivables within one year +€41,697
up €41,697 (+62.7%), from €66,464 to €108,161
of which Trade receivables: +€23,135
- Tangible fixed assets +€20,591
up €20,591 (+28.5%), from €72,128 to €92,719
of which Furniture and vehicles: +€13,218
- Stocks and contracts +€19,340
up €19,340 (+281%), from €6,876 to €26,215
of which Stocks: +€12,177
- Reserves +€84,735
up €84,735 (+83.8%), from €101,148 to €185,883
- Trade debts +€58,711
up €58,711 (+448%), from €13,097 to €71,808
- Accrued charges and deferred income -€11,727
down €11,727 (-85.1%), from €13,779 to €2,052
- Debts after one year +€9,620
up €9,620 (+22.5%), from €42,770 to €52,389
- Other debts -€7,540
no longer reported in 2025 (was €7,540)
- Staff costs +€32,389
up €32,389 (+45.5%), from €71,165 to €103,555
- Gross operating margin +€18,935
up €18,935 (+8.2%), from €230,472 to €249,407
- Financial charges +€3,819
up €3,819 (+89.7%), from €4,258 to €8,077
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 | €218,531 | €356,266 | +€137,734 | +63.0% |
| Fixed assets | 21/28 | €72,128 | €92,719 | +€20,591 | +28.5% |
| Tangible fixed assets | 22/27 | €72,128 | €92,719 | +€20,591 | +28.5% |
| Plant, machinery and equipment | 23 | €2,601 | €9,973 | +€7,373 | +284% |
| Furniture and vehicles | 24 | €69,528 | €82,746 | +€13,218 | +19.0% |
| Current assets | 29/58 | €146,403 | €263,547 | +€117,144 | +80.0% |
| Stocks and contracts in progress | 3 | €6,876 | €26,215 | +€19,340 | +281% |
| Stocks | 30/36 | €3,951 | €16,128 | +€12,177 | +308% |
| Contracts in progress | 37 | €2,925 | €10,087 | +€7,162 | +245% |
| Amounts receivable within one year | 40/41 | €66,464 | €108,161 | +€41,697 | +62.7% |
| Trade receivables | 40 | €47,206 | €70,341 | +€23,135 | +49.0% |
| Other amounts receivable | 41 | €19,258 | €37,820 | +€18,562 | +96.4% |
| Cash at bank and in hand | 54/58 | €72,147 | €128,265 | +€56,118 | +77.8% |
| Deferred charges and accrued income | 490/1 | €916 | €905 | -€12 | -1.3% |
| Total equity and liabilities | 10/49 | €218,531 | €356,266 | +€137,734 | +63.0% |
| Equity | 10/15 | €102,148 | €186,883 | +€84,735 | +83.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €101,148 | €185,883 | +€84,735 | +83.8% |
| Distributable reserves | 133 | €101,148 | €185,883 | +€84,735 | +83.8% |
| Amounts payable | 17/49 | €116,384 | €169,383 | +€52,999 | +45.5% |
| Amounts payable after more than one year | 17 | €42,770 | €52,389 | +€9,620 | +22.5% |
| Financial debts | 170/4 | €42,770 | €52,389 | +€9,620 | +22.5% |
| Amounts payable within one year | 42/48 | €59,835 | €114,942 | +€55,107 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €9,649 | €15,279 | +€5,630 | +58.4% |
| Trade debts | 44 | €13,097 | €71,808 | +€58,711 | +448% |
| Suppliers | 440/4 | €13,097 | €71,808 | +€58,711 | +448% |
| Taxes, remuneration and social security | 45 | €29,549 | €27,856 | -€1,693 | -5.7% |
| Taxes | 450/3 | €27,856 | €27,856 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,693 | - | -€1,693 | |
| Other amounts payable | 47/48 | €7,540 | - | -€7,540 | |
| Accrued charges and deferred income | 492/3 | €13,779 | €2,052 | -€11,727 | -85.1% |
| Remuneration, social security and pensions | 62 | €71,165 | €103,555 | +€32,389 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,145 | €24,369 | -€1,776 | -6.8% |
| Other operating charges | 640/8 | €132 | €370 | +€238 | +181% |
| Gross operating margin | 9900 | €230,472 | €249,407 | +€18,935 | +8.2% |
| Operating profit (loss) | 9901 | €133,031 | €121,113 | -€11,917 | -9.0% |
| Financial income | 75/76B | €231 | €586 | +€355 | +154% |
| Recurring financial income | 75 | €231 | €586 | +€355 | +154% |
| Financial charges | 65/66B | €4,258 | €8,077 | +€3,819 | +89.7% |
| Recurring financial charges | 65 | €4,258 | €8,077 | +€3,819 | +89.7% |
| Profit (loss) for the period before taxes | 9903 | €129,004 | €113,622 | -€15,382 | -11.9% |
| Income taxes | 67/77 | €27,856 | €28,887 | +€1,031 | +3.7% |
| Profit (loss) for the period | 9904 | €101,148 | €84,735 | -€16,413 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,148 | €84,735 | -€16,413 | -16.2% |
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 14 October 2026 via checked.be.