Goethals WGL: 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 WGL
Largest movements
- Cash +€102,961
up €102,961 (+27.0%), from €381,598 to €484,560
mainly Net result for the year (+€311,500) and Other debts (+€278,113)
- Receivables within one year +€100,580
up €100,580 (+76.9%), from €130,766 to €231,346
- Other debts +€278,113
up €278,113 (+103.7%), from €268,208 to €546,321
- Reserves -€88,500
down €88,500 (-43.5%), from €203,510 to €115,009
- Tax, wage and social debts +€16,430
up €16,430 (+59.7%), from €27,514 to €43,944
- Gross operating margin +€106,350
up €106,350 (+34.1%), from €311,745 to €418,094
- Taxes +€26,419
up €26,419 (+35.2%), from €75,050 to €101,469
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 | €524,686 | €727,039 | +€202,353 | +38.6% |
| Fixed assets | 21/28 | €10,202 | €7,243 | -€2,958 | -29.0% |
| Tangible fixed assets | 22/27 | €9,369 | €6,618 | -€2,750 | -29.4% |
| Furniture and vehicles | 24 | €7,889 | €5,423 | -€2,466 | -31.3% |
| Other tangible fixed assets | 26 | €1,480 | €1,195 | -€284 | -19.2% |
| Financial fixed assets | 28 | €833 | €625 | -€208 | -25.0% |
| Current assets | 29/58 | €514,484 | €719,795 | +€205,311 | +39.9% |
| Amounts receivable within one year | 40/41 | €130,766 | €231,346 | +€100,580 | +76.9% |
| Other amounts receivable | 41 | €130,766 | €231,346 | +€100,580 | +76.9% |
| Cash at bank and in hand | 54/58 | €381,598 | €484,560 | +€102,961 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,120 | €3,889 | +€1,770 | +83.5% |
| Total equity and liabilities | 10/49 | €524,686 | €727,039 | +€202,353 | +38.6% |
| Equity | 10/15 | €222,110 | €133,609 | -€88,500 | -39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,510 | €115,009 | -€88,500 | -43.5% |
| Distributable reserves | 133 | €203,510 | €115,009 | -€88,500 | -43.5% |
| Amounts payable | 17/49 | €302,576 | €593,429 | +€290,853 | +96.1% |
| Amounts payable within one year | 42/48 | €299,723 | €590,436 | +€290,713 | +97.0% |
| Trade debts | 44 | €4,001 | €171 | -€3,830 | -95.7% |
| Suppliers | 440/4 | €4,001 | €171 | -€3,830 | -95.7% |
| Taxes, remuneration and social security | 45 | €27,514 | €43,944 | +€16,430 | +59.7% |
| Taxes | 450/3 | €27,514 | €43,944 | +€16,430 | +59.7% |
| Other amounts payable | 47/48 | €268,208 | €546,321 | +€278,113 | +103.7% |
| Accrued charges and deferred income | 492/3 | €2,853 | €2,993 | +€141 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €2,750 | +€837 | +43.7% |
| Other operating charges | 640/8 | €1,172 | €1,224 | +€53 | +4.5% |
| Gross operating margin | 9900 | €311,745 | €418,094 | +€106,350 | +34.1% |
| Operating profit (loss) | 9901 | €308,659 | €414,120 | +€105,460 | +34.2% |
| Financial income | 75/76B | €2,202 | €1,920 | -€281 | -12.8% |
| Recurring financial income | 75 | €2,202 | €1,920 | -€281 | -12.8% |
| Financial charges | 65/66B | €2,926 | €3,072 | +€146 | +5.0% |
| Recurring financial charges | 65 | €2,926 | €3,072 | +€146 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €307,935 | €412,968 | +€105,033 | +34.1% |
| Income taxes | 67/77 | €75,050 | €101,469 | +€26,419 | +35.2% |
| Profit (loss) for the period | 9904 | €232,885 | €311,500 | +€78,614 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €232,885 | €311,500 | +€78,614 | +33.8% |
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 12 October 2026 via checked.be.