GOIGNE STEPHANIE: 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.
GOIGNE STEPHANIE
Largest movements
- Cash +€91,485
up €91,485 (+63.3%), from €144,478 to €235,964
mainly Accrued charges and deferred income (+€89,096) and Net result for the year (+€64,019)
- Deferred charges and accrued income +€61,785
up €61,785 (+26,596%), from €232 to €62,017
- Tangible fixed assets -€13,294
down €13,294 (-6.5%), from €203,937 to €190,643
of which Land and buildings: -€12,797
- Receivables within one year -€5,892
down €5,892 (-31.0%), from €18,988 to €13,096
- Accrued charges and deferred income +€89,096
new in 2025: €89,096
- Reserves +€64,019
up €64,019 (+33.3%), from €192,531 to €256,550
- Trade debts -€12,458
down €12,458 (-82.4%), from €15,112 to €2,654
- Debts after one year -€9,177
down €9,177 (-6.5%), from €140,914 to €131,737
- Gross operating margin +€33,026
up €33,026 (+48.9%), from €67,495 to €100,521
- Taxes +€20,656
up €20,656 (+989%), from €2,088 to €22,745
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 | €367,635 | €501,720 | +€134,085 | +36.5% |
| Fixed assets | 21/28 | €203,937 | €190,643 | -€13,294 | -6.5% |
| Tangible fixed assets | 22/27 | €203,937 | €190,643 | -€13,294 | -6.5% |
| Land and buildings | 22 | €200,066 | €187,269 | -€12,797 | -6.4% |
| Furniture and vehicles | 24 | €3,871 | €3,374 | -€497 | -12.8% |
| Current assets | 29/58 | €163,698 | €311,077 | +€147,379 | +90.0% |
| Amounts receivable within one year | 40/41 | €18,988 | €13,096 | -€5,892 | -31.0% |
| Other amounts receivable | 41 | €18,988 | €13,096 | -€5,892 | -31.0% |
| Cash at bank and in hand | 54/58 | €144,478 | €235,964 | +€91,485 | +63.3% |
| Deferred charges and accrued income | 490/1 | €232 | €62,017 | +€61,785 | +26,596% |
| Total equity and liabilities | 10/49 | €367,635 | €501,720 | +€134,085 | +36.5% |
| Equity | 10/15 | €202,531 | €266,550 | +€64,019 | +31.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €192,531 | €256,550 | +€64,019 | +33.3% |
| Distributable reserves | 133 | €192,531 | €256,550 | +€64,019 | +33.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €165,104 | €235,170 | +€70,066 | +42.4% |
| Amounts payable after more than one year | 17 | €140,914 | €131,737 | -€9,177 | -6.5% |
| Financial debts | 170/4 | €140,914 | €131,737 | -€9,177 | -6.5% |
| Amounts payable within one year | 42/48 | €24,190 | €14,337 | -€9,853 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €9,078 | €9,177 | +€99 | +1.1% |
| Trade debts | 44 | €15,112 | €2,654 | -€12,458 | -82.4% |
| Suppliers | 440/4 | €15,112 | €2,654 | -€12,458 | -82.4% |
| Taxes, remuneration and social security | 45 | €0 | €2,506 | +€2,506 | |
| Taxes | 450/3 | €0 | €2,506 | +€2,506 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €89,096 | +€89,096 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,294 | €13,294 | = | 0.0% |
| Other operating charges | 640/8 | €268 | €276 | +€8 | +2.8% |
| Gross operating margin | 9900 | €67,495 | €100,521 | +€33,026 | +48.9% |
| Operating profit (loss) | 9901 | €53,933 | €86,951 | +€33,018 | +61.2% |
| Financial income | 75/76B | €1,621 | €1,527 | -€93 | -5.8% |
| Recurring financial income | 75 | €1,621 | €1,527 | -€93 | -5.8% |
| Financial charges | 65/66B | €1,807 | €1,714 | -€93 | -5.2% |
| Recurring financial charges | 65 | €1,807 | €1,714 | -€93 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €53,746 | €86,764 | +€33,018 | +61.4% |
| Income taxes | 67/77 | €2,088 | €22,745 | +€20,656 | +989% |
| Profit (loss) for the period | 9904 | €51,657 | €64,019 | +€12,362 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,657 | €64,019 | +€12,362 | +23.9% |
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 31 October 2026 via checked.be.