Goezicht: 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.
Goezicht
Largest movements
- Cash +€285,679
up €285,679 (+293%), from €97,450 to €383,129
mainly Receivables after one year (+€117,500) and Net result for the year (+€115,305)
- Receivables after one year -€117,500
down €117,500 (-10.3%), from €1.1m to €1.0m
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€35,322
down €35,322 (-7.8%), from €455,264 to €419,942
of which Furniture and vehicles: -€24,767
- Reserves +€115,305
up €115,305 (+6.3%), from €1.8m to €1.9m
- Gross operating margin -€57,663
down €57,663 (-22.5%), from €256,772 to €199,109
- Other operating charges -€12,487
down €12,487 (-78.2%), from €15,969 to €3,482
- Taxes -€8,572
down €8,572 (-14.6%), from €58,812 to €50,240
- Depreciation +€4,128
up €4,128 (+13.2%), from €31,194 to €35,322
- Financial income +€3,520
up €3,520 (+16.0%), from €21,949 to €25,469
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,208,497 | €2,290,968 | +€82,472 | +3.7% |
| Fixed assets | 21/28 | €854,247 | €818,925 | -€35,322 | -4.1% |
| Tangible fixed assets | 22/27 | €455,264 | €419,942 | -€35,322 | -7.8% |
| Land and buildings | 22 | €352,068 | €341,513 | -€10,555 | -3.0% |
| Furniture and vehicles | 24 | €103,195 | €78,428 | -€24,767 | -24.0% |
| Financial fixed assets | 28 | €398,983 | €398,983 | = | 0.0% |
| Current assets | 29/58 | €1,354,250 | €1,472,044 | +€117,794 | +8.7% |
| Amounts receivable after more than one year | 29 | €1,140,000 | €1,022,500 | -€117,500 | -10.3% |
| Other amounts receivable | 291 | €1,140,000 | €1,022,500 | -€117,500 | -10.3% |
| Amounts receivable within one year | 40/41 | €64,370 | €65,340 | +€970 | +1.5% |
| Trade receivables | 40 | €64,370 | €65,340 | +€970 | +1.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €97,450 | €383,129 | +€285,679 | +293% |
| Deferred charges and accrued income | 490/1 | €2,430 | €1,075 | -€1,355 | -55.8% |
| Total equity and liabilities | 10/49 | €2,208,497 | €2,290,968 | +€82,472 | +3.7% |
| Equity | 10/15 | €1,843,848 | €1,959,152 | +€115,305 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,825,248 | €1,940,552 | +€115,305 | +6.3% |
| Distributable reserves | 133 | €1,825,248 | €1,940,552 | +€115,305 | +6.3% |
| Amounts payable | 17/49 | €364,649 | €331,816 | -€32,833 | -9.0% |
| Amounts payable after more than one year | 17 | €33,583 | €18,412 | -€15,171 | -45.2% |
| Financial debts | 170/4 | €33,583 | €18,412 | -€15,171 | -45.2% |
| Amounts payable within one year | 42/48 | €329,754 | €312,540 | -€17,214 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €14,628 | €15,171 | +€543 | +3.7% |
| Trade debts | 44 | €1,654 | €731 | -€923 | -55.8% |
| Suppliers | 440/4 | €1,654 | €731 | -€923 | -55.8% |
| Taxes, remuneration and social security | 45 | €29,196 | €16,586 | -€12,610 | -43.2% |
| Taxes | 450/3 | €29,196 | €16,586 | -€12,610 | -43.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €284,276 | €280,052 | -€4,224 | -1.5% |
| Accrued charges and deferred income | 492/3 | €1,312 | €864 | -€448 | -34.2% |
| Non-recurring operating income | 76A | €40,934 | €0 | -€40,934 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,194 | €35,322 | +€4,128 | +13.2% |
| Other operating charges | 640/8 | €15,969 | €3,482 | -€12,487 | -78.2% |
| Gross operating margin | 9900 | €256,772 | €199,109 | -€57,663 | -22.5% |
| Operating profit (loss) | 9901 | €209,609 | €160,305 | -€49,304 | -23.5% |
| Financial income | 75/76B | €21,949 | €25,469 | +€3,520 | +16.0% |
| Recurring financial income | 75 | €21,949 | €25,469 | +€3,520 | +16.0% |
| Financial charges | 65/66B | €22,105 | €20,230 | -€1,875 | -8.5% |
| Recurring financial charges | 65 | €22,105 | €20,230 | -€1,875 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €209,453 | €165,545 | -€43,909 | -21.0% |
| Income taxes | 67/77 | €58,812 | €50,240 | -€8,572 | -14.6% |
| Profit (loss) for the period | 9904 | €150,642 | €115,305 | -€35,337 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €150,642 | €115,305 | -€35,337 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.