GOETHALS LEEN: 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 LEEN
Largest movements
- Cash -€87,506
down €87,506 (-60.0%), from €145,852 to €58,346
mainly Contributions, distributions and other (-€73,501) and Investment in fixed assets (net) (-€47,614)
- Tangible fixed assets +€35,680
up €35,680 (+73.3%), from €48,659 to €84,338
of which Furniture and vehicles: +€44,615
- Receivables within one year -€14,660
down €14,660 (-63.7%), from €23,001 to €8,341
of which Trade receivables: -€18,020
- Current investments -€7,273
down €7,273 (-3.5%), from €210,495 to €203,222
- Reserves -€61,170
down €61,170 (-27.5%), from €222,702 to €161,532
of which Distributable reserves: -€60,417
- Gross operating margin -€61,678
down €61,678 (-66.9%), from €92,180 to €30,502
- Taxes -€12,768
down €12,768 (-65.4%), from €19,513 to €6,744
- Depreciation +€2,338
up €2,338 (+23.6%), from €9,926 to €12,265
- Other operating charges -€1,954
down €1,954 (-49.9%), from €3,914 to €1,960
- Financial income +€1,065
up €1,065 (+57.3%), from €1,860 to €2,925
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 | €429,461 | €356,951 | -€72,510 | -16.9% |
| Fixed assets | 21/28 | €48,989 | €84,338 | +€35,350 | +72.2% |
| Tangible fixed assets | 22/27 | €48,659 | €84,338 | +€35,680 | +73.3% |
| Land and buildings | 22 | €30,250 | €24,200 | -€6,050 | -20.0% |
| Plant, machinery and equipment | 23 | €9,147 | €7,337 | -€1,810 | -19.8% |
| Furniture and vehicles | 24 | €1,799 | €46,413 | +€44,615 | +2,480% |
| Other tangible fixed assets | 26 | €7,463 | €6,388 | -€1,075 | -14.4% |
| Financial fixed assets | 28 | €330 | - | -€330 | |
| Current assets | 29/58 | €380,472 | €272,612 | -€107,860 | -28.3% |
| Amounts receivable within one year | 40/41 | €23,001 | €8,341 | -€14,660 | -63.7% |
| Trade receivables | 40 | €21,650 | €3,630 | -€18,020 | -83.2% |
| Other amounts receivable | 41 | €1,352 | €4,711 | +€3,360 | +249% |
| Current investments | 50/53 | €210,495 | €203,222 | -€7,273 | -3.5% |
| Cash at bank and in hand | 54/58 | €145,852 | €58,346 | -€87,506 | -60.0% |
| Deferred charges and accrued income | 490/1 | €1,124 | €2,704 | +€1,580 | +141% |
| Total equity and liabilities | 10/49 | €429,461 | €356,951 | -€72,510 | -16.9% |
| Equity | 10/15 | €411,023 | €349,853 | -€61,170 | -14.9% |
| Contributions | 10/11 | €188,322 | €188,322 | = | 0.0% |
| Reserves | 13 | €222,702 | €161,532 | -€61,170 | -27.5% |
| Non-distributable reserves | 130/1 | €18,832 | €18,832 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,832 | €18,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,441 | €14,688 | -€753 | -4.9% |
| Distributable reserves | 133 | €188,429 | €128,012 | -€60,417 | -32.1% |
| Provisions and deferred taxes | 16 | €5,147 | €4,896 | -€251 | -4.9% |
| Deferred taxes | 168 | €5,147 | €4,896 | -€251 | -4.9% |
| Amounts payable | 17/49 | €13,290 | €2,201 | -€11,089 | -83.4% |
| Amounts payable within one year | 42/48 | €13,032 | €1,991 | -€11,042 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €2,545 | - | -€2,545 | |
| Trade debts | 44 | €1,591 | €948 | -€643 | -40.4% |
| Suppliers | 440/4 | €1,591 | €948 | -€643 | -40.4% |
| Taxes, remuneration and social security | 45 | €4,380 | €580 | -€3,801 | -86.8% |
| Taxes | 450/3 | €4,380 | €580 | -€3,801 | -86.8% |
| Other amounts payable | 47/48 | €4,516 | €463 | -€4,053 | -89.8% |
| Accrued charges and deferred income | 492/3 | €258 | €211 | -€47 | -18.4% |
| Non-recurring operating income | 76A | €44,993 | €4,500 | -€40,493 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €12,265 | +€2,338 | +23.6% |
| Other operating charges | 640/8 | €3,914 | €1,960 | -€1,954 | -49.9% |
| Gross operating margin | 9900 | €92,180 | €30,502 | -€61,678 | -66.9% |
| Operating profit (loss) | 9901 | €78,340 | €16,277 | -€62,063 | -79.2% |
| Financial income | 75/76B | €1,860 | €2,925 | +€1,065 | +57.3% |
| Recurring financial income | 75 | €1,860 | €2,925 | +€1,065 | +57.3% |
| Financial charges | 65/66B | €425 | €377 | -€48 | -11.3% |
| Recurring financial charges | 65 | €425 | €377 | -€48 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €79,774 | €18,824 | -€60,950 | -76.4% |
| Transfer from deferred taxes | 780 | - | €251 | +€251 | |
| Transfer to deferred taxes | 680 | €5,147 | - | -€5,147 | |
| Income taxes | 67/77 | €19,513 | €6,744 | -€12,768 | -65.4% |
| Profit (loss) for the period | 9904 | €55,114 | €12,331 | -€42,784 | -77.6% |
| Transfer from tax-exempt reserves | 789 | - | €753 | +€753 | |
| Transfer to tax-exempt reserves | 689 | €15,441 | - | -€15,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,674 | €13,084 | -€26,590 | -67.0% |
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 27 October 2026 via checked.be.