GOOD-WASH: what changed
Two fiscal 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.
GOOD-WASH
Largest movements
- Tangible fixed assets +€156,363
up €156,363 (+7.6%), from €2.1m to €2.2m
of which Plant, machinery and equipment: +€172,981
- Cash +€58,502
up €58,502 (+13.4%), from €437,882 to €496,384
mainly Depreciation (+€448,518) and Net result for the year (+€203,376)
- Receivables within one year +€45,429
up €45,429 (+152.2%), from €29,841 to €75,270
of which Other amounts receivable: +€45,409
- Intangible fixed assets -€33,928
down €33,928 (-11.1%), from €305,350 to €271,422
- Reserves +€370,625
up €370,625 (+35.5%), from €1.0m to €1.4m
of which Distributable reserves: +€420,000
- Profit (loss) carried forward -€167,249
down €167,249 (-98.0%), from €170,703 to €3,455
- Current portion of long-term debt +€64,000
up €64,000 (+18.1%), from €352,777 to €416,778
- Depreciation +€47,359
up €47,359 (+11.8%), from €401,160 to €448,518
- Taxes -€36,507
down €36,507 (-40.2%), from €90,914 to €54,407
- Gross operating margin -€24,306
down €24,306 (-2.2%), from €1.1m to €1.1m
- Staff costs +€12,854
up €12,854 (+4.7%), from €273,771 to €286,625
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 | €2,913,026 | €3,131,585 | +€218,559 | +7.5% |
| Fixed assets | 21/28 | €2,373,055 | €2,495,490 | +€122,435 | +5.2% |
| Intangible fixed assets | 21 | €305,350 | €271,422 | -€33,928 | -11.1% |
| Tangible fixed assets | 22/27 | €2,057,333 | €2,213,695 | +€156,363 | +7.6% |
| Land and buildings | 22 | €716,935 | €682,932 | -€34,002 | -4.7% |
| Plant, machinery and equipment | 23 | €1,210,657 | €1,383,638 | +€172,981 | +14.3% |
| Furniture and vehicles | 24 | €105,601 | €106,665 | +€1,064 | +1.0% |
| Other tangible fixed assets | 26 | €24,140 | €40,461 | +€16,320 | +67.6% |
| Financial fixed assets | 28 | €10,372 | €10,372 | = | 0.0% |
| Current assets | 29/58 | €539,971 | €636,095 | +€96,125 | +17.8% |
| Stocks and contracts in progress | 3 | €38,141 | €23,841 | -€14,301 | -37.5% |
| Stocks | 30/36 | €38,141 | €23,841 | -€14,301 | -37.5% |
| Amounts receivable within one year | 40/41 | €29,841 | €75,270 | +€45,429 | +152.2% |
| Trade receivables | 40 | €26,781 | €26,801 | +€20 | +0.1% |
| Other amounts receivable | 41 | €3,060 | €48,469 | +€45,409 | +1483.8% |
| Cash at bank and in hand | 54/58 | €437,882 | €496,384 | +€58,502 | +13.4% |
| Deferred charges and accrued income | 490/1 | €34,106 | €40,600 | +€6,494 | +19.0% |
| Total equity and liabilities | 10/49 | €2,913,026 | €3,131,585 | +€218,559 | +7.5% |
| Equity | 10/15 | €1,352,917 | €1,545,839 | +€192,923 | +14.3% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €1,045,420 | €1,416,045 | +€370,625 | +35.5% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €312,500 | €263,125 | -€49,375 | -15.8% |
| Distributable reserves | 133 | €723,000 | €1,143,000 | +€420,000 | +58.1% |
| Profit (loss) carried forward | 14 | €170,703 | €3,455 | -€167,249 | -98.0% |
| Investment grants | 15 | €37,594 | €27,140 | -€10,454 | -27.8% |
| Amounts payable | 17/49 | €1,560,109 | €1,585,746 | +€25,637 | +1.6% |
| Amounts payable after more than one year | 17 | €993,801 | €967,563 | -€26,238 | -2.6% |
| Financial debts | 170/4 | €993,801 | €967,563 | -€26,238 | -2.6% |
| Amounts payable within one year | 42/48 | €564,857 | €605,055 | +€40,198 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €352,777 | €416,778 | +€64,000 | +18.1% |
| Trade debts | 44 | €93,724 | €98,837 | +€5,112 | +5.5% |
| Suppliers | 440/4 | €93,724 | €98,837 | +€5,112 | +5.5% |
| Taxes, remuneration and social security | 45 | €118,355 | €89,440 | -€28,915 | -24.4% |
| Taxes | 450/3 | €79,759 | €51,892 | -€27,867 | -34.9% |
| Remuneration and social security | 454/9 | €38,596 | €37,548 | -€1,048 | -2.7% |
| Accrued charges and deferred income | 492/3 | €1,451 | €13,128 | +€11,677 | +804.9% |
| Remuneration, social security and pensions | 62 | €273,771 | €286,625 | +€12,854 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401,160 | €448,518 | +€47,359 | +11.8% |
| Other operating charges | 640/8 | €38,553 | €41,969 | +€3,416 | +8.9% |
| Gross operating margin | 9900 | €1,093,743 | €1,069,436 | -€24,306 | -2.2% |
| Operating profit (loss) | 9901 | €380,259 | €292,324 | -€87,935 | -23.1% |
| Financial income | 75/76B | €15,722 | €13,741 | -€1,982 | -12.6% |
| Recurring financial income | 75 | €15,722 | €13,741 | -€1,982 | -12.6% |
| Financial charges | 65/66B | €49,356 | €48,282 | -€1,074 | -2.2% |
| Recurring financial charges | 65 | €49,356 | €48,282 | -€1,074 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €346,625 | €257,783 | -€88,842 | -25.6% |
| Income taxes | 67/77 | €90,914 | €54,407 | -€36,507 | -40.2% |
| Profit (loss) for the period | 9904 | €255,711 | €203,376 | -€52,335 | -20.5% |
| Transfer from tax-exempt reserves | 789 | - | €123,050 | +€123,050 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €73,675 | -€31,575 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,461 | €252,751 | +€102,290 | +68.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.