Goire Benjamin: 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.
Goire Benjamin
Largest movements
- Tangible fixed assets +€143,341
up €143,341 (+512.9%), from €27,946 to €171,287
of which Land and buildings: +€121,210
- Cash -€50,519
down €50,519 (-86.2%), from €58,601 to €8,082
mainly Investment in fixed assets (net) (-€153,098) and Net result for the year (-€18,419)
- Receivables within one year +€18,068
up €18,068 (+61.9%), from €29,202 to €47,270
of which Trade receivables: +€9,329
- Stocks and contracts +€2,447
up €2,447 (+20.1%), from €12,154 to €14,601
- Debts after one year +€111,510
up €111,510 (+568.7%), from €19,609 to €131,119
- Profit (loss) carried forward -€18,419
down €18,419 (-19.4%), from €94,786 to €76,367
- Trade debts +€13,150
up €13,150 (+411.2%), from €3,198 to €16,348
- Current portion of long-term debt +€8,082
up €8,082 (+170.8%), from €4,733 to €12,814
- Gross operating margin -€20,029
down €20,029, from €19,090 to -€939
- Depreciation +€5,784
up €5,784 (+145.6%), from €3,973 to €9,757
- Financial charges +€3,651
up €3,651 (+402.0%), from €908 to €4,560
- Taxes -€3,483
down €3,483 (-87.2%), from €3,995 to €513
- Staff costs +€1,050
new in 2025: €1,050
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 | €128,826 | €242,021 | +€113,195 | +87.9% |
| Fixed assets | 21/28 | €28,105 | €171,446 | +€143,341 | +510.0% |
| Tangible fixed assets | 22/27 | €27,946 | €171,287 | +€143,341 | +512.9% |
| Land and buildings | 22 | - | €121,210 | +€121,210 | |
| Plant, machinery and equipment | 23 | €657 | €0 | -€657 | -100.0% |
| Furniture and vehicles | 24 | €27,289 | €22,972 | -€4,317 | -15.8% |
| Assets under construction and advance payments | 27 | - | €27,105 | +€27,105 | |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €100,721 | €70,575 | -€30,146 | -29.9% |
| Stocks and contracts in progress | 3 | €12,154 | €14,601 | +€2,447 | +20.1% |
| Stocks | 30/36 | €12,154 | €14,601 | +€2,447 | +20.1% |
| Amounts receivable within one year | 40/41 | €29,202 | €47,270 | +€18,068 | +61.9% |
| Trade receivables | 40 | €15,009 | €24,337 | +€9,329 | +62.2% |
| Other amounts receivable | 41 | €14,193 | €22,932 | +€8,739 | +61.6% |
| Cash at bank and in hand | 54/58 | €58,601 | €8,082 | -€50,519 | -86.2% |
| Deferred charges and accrued income | 490/1 | €764 | €623 | -€141 | -18.5% |
| Total equity and liabilities | 10/49 | €128,826 | €242,021 | +€113,195 | +87.9% |
| Equity | 10/15 | €99,786 | €81,367 | -€18,419 | -18.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,786 | €76,367 | -€18,419 | -19.4% |
| Amounts payable | 17/49 | €29,040 | €160,655 | +€131,615 | +453.2% |
| Amounts payable after more than one year | 17 | €19,609 | €131,119 | +€111,510 | +568.7% |
| Financial debts | 170/4 | €19,609 | €131,119 | +€111,510 | +568.7% |
| Amounts payable within one year | 42/48 | €9,431 | €29,536 | +€20,105 | +213.2% |
| Current portion of amounts payable after more than one year | 42 | €4,733 | €12,814 | +€8,082 | +170.8% |
| Trade debts | 44 | €3,198 | €16,348 | +€13,150 | +411.2% |
| Suppliers | 440/4 | €3,198 | €16,348 | +€13,150 | +411.2% |
| Taxes, remuneration and social security | 45 | €1,500 | €374 | -€1,126 | -75.1% |
| Taxes | 450/3 | €1,500 | €374 | -€1,126 | -75.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,973 | €9,757 | +€5,784 | +145.6% |
| Other operating charges | 640/8 | €971 | €1,167 | +€196 | +20.2% |
| Non-recurring operating charges | 66A | €2,951 | €434 | -€2,517 | -85.3% |
| Gross operating margin | 9900 | €19,090 | -€939 | -€20,029 | |
| Operating profit (loss) | 9901 | €11,195 | -€13,347 | -€24,542 | |
| Financial charges | 65/66B | €908 | €4,560 | +€3,651 | +402.0% |
| Recurring financial charges | 65 | €908 | €4,560 | +€3,651 | +402.0% |
| Profit (loss) for the period before taxes | 9903 | €10,287 | -€17,907 | -€28,193 | |
| Income taxes | 67/77 | €3,995 | €513 | -€3,483 | -87.2% |
| Profit (loss) for the period | 9904 | €6,292 | -€18,419 | -€24,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,292 | -€18,419 | -€24,711 |
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 11 October 2026 via checked.be.