GOFFARD SISTERS: 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.
GOFFARD SISTERS
Largest movements
- Cash -€49,906
down €49,906 (-62.1%), from €80,395 to €30,490
mainly Net result for the year (-€30,927) and Receivables within one year (-€25,501)
- Receivables within one year +€25,501
up €25,501 (+90.4%), from €28,217 to €53,719
of which Trade receivables: +€29,259
- Tangible fixed assets -€21,857
down €21,857 (-21.8%), from €100,151 to €78,294
of which Land and buildings: -€18,247
- Stocks and contracts -€12,492
down €12,492 (-44.2%), from €28,235 to €15,744
- Profit (loss) carried forward -€30,927
down €30,927 (-7.8%), from -€396,935 to -€427,862
- Debts after one year -€25,394
down €25,394 (-24.4%), from €104,013 to €78,619
- Current portion of long-term debt -€12,243
down €12,243 (-28.3%), from €43,262 to €31,019
- Tax, wage and social debts +€5,190
up €5,190 (+27.9%), from €18,610 to €23,801
of which Taxes: +€5,117
- Gross operating margin -€34,744
down €34,744 (-34.6%), from €100,495 to €65,751
- Staff costs +€12,872
up €12,872 (+24.4%), from €52,824 to €65,696
- Financial charges -€3,177
down €3,177 (-41.2%), from €7,711 to €4,534
- Other operating charges +€1,461
up €1,461 (+57.0%), from €2,563 to €4,024
- Depreciation -€1,396
down €1,396 (-6.0%), from €23,253 to €21,857
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 | €239,139 | €178,245 | -€60,894 | -25.5% |
| Fixed assets | 21/28 | €100,151 | €78,294 | -€21,857 | -21.8% |
| Tangible fixed assets | 22/27 | €100,151 | €78,294 | -€21,857 | -21.8% |
| Land and buildings | 22 | €92,163 | €73,916 | -€18,247 | -19.8% |
| Plant, machinery and equipment | 23 | €1,325 | €3,382 | +€2,057 | +155% |
| Furniture and vehicles | 24 | €2,813 | €996 | -€1,817 | -64.6% |
| Assets under construction and advance payments | 27 | €3,850 | - | -€3,850 | |
| Current assets | 29/58 | €138,988 | €99,952 | -€39,036 | -28.1% |
| Stocks and contracts in progress | 3 | €28,235 | €15,744 | -€12,492 | -44.2% |
| Stocks | 30/36 | €28,235 | €15,744 | -€12,492 | -44.2% |
| Amounts receivable within one year | 40/41 | €28,217 | €53,719 | +€25,501 | +90.4% |
| Trade receivables | 40 | €24,432 | €53,691 | +€29,259 | +120% |
| Other amounts receivable | 41 | €3,785 | €28 | -€3,758 | -99.3% |
| Cash at bank and in hand | 54/58 | €80,395 | €30,490 | -€49,906 | -62.1% |
| Deferred charges and accrued income | 490/1 | €2,140 | €0 | -€2,140 | -100% |
| Total equity and liabilities | 10/49 | €239,139 | €178,245 | -€60,894 | -25.5% |
| Equity | 10/15 | €56,755 | €25,827 | -€30,927 | -54.5% |
| Contributions | 10/11 | €453,689 | €453,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,935 | -€427,862 | -€30,927 | -7.8% |
| Amounts payable | 17/49 | €182,384 | €152,418 | -€29,966 | -16.4% |
| Amounts payable after more than one year | 17 | €104,013 | €78,619 | -€25,394 | -24.4% |
| Financial debts | 170/4 | €104,013 | €78,619 | -€25,394 | -24.4% |
| Amounts payable within one year | 42/48 | €78,371 | €73,799 | -€4,572 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €43,262 | €31,019 | -€12,243 | -28.3% |
| Trade debts | 44 | €16,499 | €16,777 | +€278 | +1.7% |
| Suppliers | 440/4 | €16,499 | €16,777 | +€278 | +1.7% |
| Taxes, remuneration and social security | 45 | €18,610 | €23,801 | +€5,190 | +27.9% |
| Taxes | 450/3 | €335 | €5,452 | +€5,117 | +1,526% |
| Remuneration and social security | 454/9 | €18,275 | €18,348 | +€73 | +0.4% |
| Other amounts payable | 47/48 | - | €2,203 | +€2,203 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,489 | €0 | -€1,489 | -100% |
| Remuneration, social security and pensions | 62 | €52,824 | €65,696 | +€12,872 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,253 | €21,857 | -€1,396 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39 | €0 | -€39 | -100% |
| Other operating charges | 640/8 | €2,563 | €4,024 | +€1,461 | +57.0% |
| Non-recurring operating charges | 66A | €304 | €560 | +€256 | +84.4% |
| Gross operating margin | 9900 | €100,495 | €65,751 | -€34,744 | -34.6% |
| Operating profit (loss) | 9901 | €21,512 | -€26,386 | -€47,899 | |
| Financial income | 75/76B | €31 | €139 | +€108 | +346% |
| Recurring financial income | 75 | €31 | €139 | +€108 | +346% |
| Financial charges | 65/66B | €7,711 | €4,534 | -€3,177 | -41.2% |
| Recurring financial charges | 65 | €7,711 | €4,534 | -€3,177 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €13,833 | -€30,781 | -€44,614 | |
| Income taxes | 67/77 | €195 | €146 | -€49 | -25.1% |
| Profit (loss) for the period | 9904 | €13,638 | -€30,927 | -€44,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,638 | -€30,927 | -€44,565 |
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 24 October 2026 via checked.be.