GOETHALS - SLOS: 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 - SLOS
Largest movements
- Cash -€21,633
down €21,633 (-39.0%), from €55,436 to €33,804
mainly Net result for the year (-€40,226) and Deferred charges and accrued income (-€1,464)
- Tangible fixed assets -€16,164
down €16,164 (-29.9%), from €54,065 to €37,901
of which Furniture and vehicles: -€12,996
- Receivables within one year -€4,337
down €4,337 (-63.1%), from €6,870 to €2,533
of which Other amounts receivable: -€3,253
- Deferred charges and accrued income +€1,464
up €1,464 (+266%), from €550 to €2,014
- Profit (loss) carried forward -€34,524
new in 2025: -€34,524
- Reserves -€5,702
no longer reported in 2025 (was €5,702)
- Gross operating margin -€45,571
down €45,571, from €22,760 to -€22,811
- Staff costs -€24,026
no longer reported in 2025 (was €24,026)
- Depreciation +€3,387
up €3,387 (+26.5%), from €12,777 to €16,164
- Financial charges -€1,034
down €1,034 (-79.1%), from €1,307 to €273
- Other operating charges -€231
down €231 (-22.2%), from €1,041 to €810
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 | €117,921 | €76,251 | -€41,670 | -35.3% |
| Fixed assets | 21/28 | €54,065 | €37,901 | -€16,164 | -29.9% |
| Tangible fixed assets | 22/27 | €54,065 | €37,901 | -€16,164 | -29.9% |
| Land and buildings | 22 | €13,035 | €11,249 | -€1,785 | -13.7% |
| Plant, machinery and equipment | 23 | €2,631 | €1,247 | -€1,383 | -52.6% |
| Furniture and vehicles | 24 | €38,400 | €25,404 | -€12,996 | -33.8% |
| Current assets | 29/58 | €63,856 | €38,350 | -€25,506 | -39.9% |
| Stocks and contracts in progress | 3 | €1,000 | - | -€1,000 | |
| Stocks | 30/36 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €6,870 | €2,533 | -€4,337 | -63.1% |
| Trade receivables | 40 | €1,369 | €285 | -€1,084 | -79.2% |
| Other amounts receivable | 41 | €5,501 | €2,248 | -€3,253 | -59.1% |
| Cash at bank and in hand | 54/58 | €55,436 | €33,804 | -€21,633 | -39.0% |
| Deferred charges and accrued income | 490/1 | €550 | €2,014 | +€1,464 | +266% |
| Total equity and liabilities | 10/49 | €117,921 | €76,251 | -€41,670 | -35.3% |
| Equity | 10/15 | €107,802 | €67,576 | -€40,226 | -37.3% |
| Contributions | 10/11 | €102,100 | €102,100 | = | 0.0% |
| Reserves | 13 | €5,702 | - | -€5,702 | |
| Distributable reserves | 133 | €5,702 | - | -€5,702 | |
| Profit (loss) carried forward | 14 | - | -€34,524 | -€34,524 | |
| Amounts payable | 17/49 | €10,119 | €8,675 | -€1,444 | -14.3% |
| Amounts payable within one year | 42/48 | €8,079 | €7,802 | -€276 | -3.4% |
| Trade debts | 44 | €957 | €208 | -€749 | -78.2% |
| Suppliers | 440/4 | €957 | €208 | -€749 | -78.2% |
| Taxes, remuneration and social security | 45 | €191 | €363 | +€172 | +90.2% |
| Taxes | 450/3 | €191 | €363 | +€172 | +90.2% |
| Other amounts payable | 47/48 | €6,931 | €7,231 | +€300 | +4.3% |
| Accrued charges and deferred income | 492/3 | €2,040 | €873 | -€1,168 | -57.2% |
| Remuneration, social security and pensions | 62 | €24,026 | - | -€24,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,777 | €16,164 | +€3,387 | +26.5% |
| Other operating charges | 640/8 | €1,041 | €810 | -€231 | -22.2% |
| Gross operating margin | 9900 | €22,760 | -€22,811 | -€45,571 | |
| Operating profit (loss) | 9901 | -€15,084 | -€39,786 | -€24,701 | -164% |
| Financial income | 75/76B | €92 | €5 | -€88 | -95.1% |
| Recurring financial income | 75 | €92 | €5 | -€88 | -95.1% |
| Financial charges | 65/66B | €1,307 | €273 | -€1,034 | -79.1% |
| Recurring financial charges | 65 | €1,307 | €273 | -€1,034 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,299 | -€40,054 | -€23,755 | -146% |
| Income taxes | 67/77 | €191 | €172 | -€19 | -9.8% |
| Profit (loss) for the period | 9904 | -€16,490 | -€40,226 | -€23,737 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,490 | -€40,226 | -€23,737 | -144% |
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 15 October 2026 via checked.be.