GOODMAN: 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.
GOODMAN
Largest movements
- Cash +€72,599
up €72,599 (+8617.6%), from €842 to €73,441
mainly Depreciation (+€48,321) and Current investments (+€40,000)
- Current investments -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Tangible fixed assets -€23,940
down €23,940 (-7.2%), from €334,173 to €310,233
of which Land and buildings: -€47,075
- Reserves +€27,331
up €27,331 (+12.4%), from €220,218 to €247,548
of which Distributable reserves: +€27,331
- Other debts -€23,432
down €23,432 (-26.3%), from €89,098 to €65,666
- Investment grants +€7,244
new in 2025: €7,244
- Gross operating margin -€3,930
down €3,930 (-3.9%), from €100,386 to €96,456
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 | €377,371 | €385,282 | +€7,911 | +2.1% |
| Fixed assets | 21/28 | €334,173 | €310,233 | -€23,940 | -7.2% |
| Tangible fixed assets | 22/27 | €334,173 | €310,233 | -€23,940 | -7.2% |
| Land and buildings | 22 | €333,148 | €286,073 | -€47,075 | -14.1% |
| Plant, machinery and equipment | 23 | €1,025 | €24,160 | +€23,135 | +2256.9% |
| Current assets | 29/58 | €43,197 | €75,048 | +€31,851 | +73.7% |
| Amounts receivable within one year | 40/41 | €2,355 | €1,607 | -€748 | -31.8% |
| Other amounts receivable | 41 | €2,355 | €1,607 | -€748 | -31.8% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €842 | €73,441 | +€72,599 | +8617.6% |
| Total equity and liabilities | 10/49 | €377,371 | €385,282 | +€7,911 | +2.1% |
| Equity | 10/15 | €282,718 | €317,292 | +€34,575 | +12.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €220,218 | €247,548 | +€27,331 | +12.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €213,968 | €241,298 | +€27,331 | +12.8% |
| Investment grants | 15 | - | €7,244 | +€7,244 | |
| Amounts payable | 17/49 | €94,653 | €67,989 | -€26,664 | -28.2% |
| Amounts payable within one year | 42/48 | €94,653 | €67,989 | -€26,664 | -28.2% |
| Trade debts | 44 | €2,458 | €108 | -€2,350 | -95.6% |
| Suppliers | 440/4 | €2,458 | €108 | -€2,350 | -95.6% |
| Taxes, remuneration and social security | 45 | €3,097 | €2,215 | -€881 | -28.5% |
| Taxes | 450/3 | €3,097 | €2,215 | -€881 | -28.5% |
| Other amounts payable | 47/48 | €89,098 | €65,666 | -€23,432 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,888 | €48,321 | -€566 | -1.2% |
| Other operating charges | 640/8 | €8,453 | €8,318 | -€135 | -1.6% |
| Gross operating margin | 9900 | €100,386 | €96,456 | -€3,930 | -3.9% |
| Operating profit (loss) | 9901 | €43,045 | €39,817 | -€3,228 | -7.5% |
| Financial income | 75/76B | - | €266 | +€266 | |
| Recurring financial income | 75 | - | €266 | +€266 | |
| Financial charges | 65/66B | €4,103 | €3,209 | -€894 | -21.8% |
| Recurring financial charges | 65 | €4,103 | €3,209 | -€894 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €38,943 | €36,875 | -€2,068 | -5.3% |
| Income taxes | 67/77 | €9,423 | €9,544 | +€121 | +1.3% |
| Profit (loss) for the period | 9904 | €29,520 | €27,331 | -€2,189 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,520 | €27,331 | -€2,189 | -7.4% |
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 4 October 2026 via checked.be.