GOETLUST: 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.
GOETLUST
Largest movements
- Deferred charges and accrued income -€27,043
down €27,043 (-76.1%), from €35,535 to €8,492
- Cash +€6,759
up €6,759 (+58.7%), from €11,512 to €18,271
mainly Deferred charges and accrued income (+€27,043) and Depreciation (+€2,793)
- Tangible fixed assets -€2,793
down €2,793 (-65.5%), from €4,262 to €1,469
- Stocks and contracts +€2,172
up €2,172 (+8.4%), from €25,827 to €27,999
- Receivables within one year -€2,107
no longer reported in 2025 (was €2,107)
of which Trade receivables: -€2,065
- Trade debts -€17,654
down €17,654 (-32.9%), from €53,644 to €35,990
- Profit (loss) carried forward -€9,843
down €9,843 (-98.7%), from €9,969 to €126
- Tax, wage and social debts +€2,690
up €2,690 (+32.4%), from €8,290 to €10,979
of which Taxes: +€2,508
- Accrued charges and deferred income +€1,731
up €1,731 (+144.2%), from €1,200 to €2,931
- Gross operating margin -€18,347
down €18,347 (-37.9%), from €48,442 to €30,095
- Other operating charges -€4,797
down €4,797 (-82.7%), from €5,798 to €1,001
- Taxes -€3,700
down €3,700, from €1,450 to -€2,250
- Financial charges -€1,541
down €1,541 (-91.7%), from €1,681 to €140
- Staff costs +€1,306
up €1,306 (+3.5%), from €37,034 to €38,340
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 | €82,964 | €59,951 | -€23,013 | -27.7% |
| Fixed assets | 21/28 | €7,982 | €5,189 | -€2,793 | -35.0% |
| Tangible fixed assets | 22/27 | €4,262 | €1,469 | -€2,793 | -65.5% |
| Furniture and vehicles | 24 | €4,262 | €1,469 | -€2,793 | -65.5% |
| Financial fixed assets | 28 | €3,720 | €3,720 | = | 0.0% |
| Current assets | 29/58 | €74,981 | €54,762 | -€20,220 | -27.0% |
| Stocks and contracts in progress | 3 | €25,827 | €27,999 | +€2,172 | +8.4% |
| Stocks | 30/36 | €25,827 | €27,999 | +€2,172 | +8.4% |
| Amounts receivable within one year | 40/41 | €2,107 | - | -€2,107 | |
| Trade receivables | 40 | €2,065 | - | -€2,065 | |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €11,512 | €18,271 | +€6,759 | +58.7% |
| Deferred charges and accrued income | 490/1 | €35,535 | €8,492 | -€27,043 | -76.1% |
| Total equity and liabilities | 10/49 | €82,964 | €59,951 | -€23,013 | -27.7% |
| Equity | 10/15 | €19,829 | €9,986 | -€9,843 | -49.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,969 | €126 | -€9,843 | -98.7% |
| Amounts payable | 17/49 | €63,134 | €49,965 | -€13,169 | -20.9% |
| Amounts payable within one year | 42/48 | €61,934 | €47,034 | -€14,900 | -24.1% |
| Trade debts | 44 | €53,644 | €35,990 | -€17,654 | -32.9% |
| Suppliers | 440/4 | €53,644 | €35,990 | -€17,654 | -32.9% |
| Taxes, remuneration and social security | 45 | €8,290 | €10,979 | +€2,690 | +32.4% |
| Taxes | 450/3 | €1,029 | €3,537 | +€2,508 | +243.8% |
| Remuneration and social security | 454/9 | €7,261 | €7,442 | +€181 | +2.5% |
| Other amounts payable | 47/48 | - | €64 | +€64 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €2,931 | +€1,731 | +144.2% |
| Remuneration, social security and pensions | 62 | €37,034 | €38,340 | +€1,306 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,793 | €2,793 | = | 0.0% |
| Other operating charges | 640/8 | €5,798 | €1,001 | -€4,797 | -82.7% |
| Gross operating margin | 9900 | €48,442 | €30,095 | -€18,347 | -37.9% |
| Operating profit (loss) | 9901 | €2,817 | -€12,039 | -€14,856 | |
| Financial income | 75/76B | - | €86 | +€86 | |
| Recurring financial income | 75 | - | €86 | +€86 | |
| Financial charges | 65/66B | €1,681 | €140 | -€1,541 | -91.7% |
| Recurring financial charges | 65 | €1,681 | €140 | -€1,541 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €1,136 | -€12,093 | -€13,229 | |
| Income taxes | 67/77 | €1,450 | -€2,250 | -€3,700 | |
| Profit (loss) for the period | 9904 | -€314 | -€9,843 | -€9,529 | -3036.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€314 | -€9,843 | -€9,529 | -3036.7% |
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 10 October 2026 via checked.be.