GOODWATER: 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.
GOODWATER
Largest movements
- Receivables within one year +€14,783
up €14,783 (+72.8%), from €20,307 to €35,090
of which Other amounts receivable: +€15,152
- Cash -€8,864
down €8,864 (-38.0%), from €23,344 to €14,480
mainly Receivables within one year (-€14,783) and Tax, wage and social debts (-€12,574)
- Current investments +€3,000
up €3,000 (+1200.0%), from €250 to €3,250
- Reserves +€21,000
up €21,000 (+116.7%), from €18,000 to €39,000
- Tax, wage and social debts -€12,574
down €12,574 (-74.7%), from €16,840 to €4,266
- Profit (loss) carried forward +€582
up €582 (+1955.5%), from €30 to €612
- Gross operating margin +€1,977
up €1,977 (+6.9%), from €28,614 to €30,591
- Taxes +€880
up €880 (+14.7%), from €5,985 to €6,865
- Depreciation +€408
up €408 (+84.9%), from €481 to €889
- Other operating charges +€407
new in 2025: €407
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 | €46,191 | €55,478 | +€9,287 | +20.1% |
| Fixed assets | 21/28 | €1,910 | €2,178 | +€267 | +14.0% |
| Tangible fixed assets | 22/27 | €1,910 | €2,178 | +€267 | +14.0% |
| Furniture and vehicles | 24 | €1,910 | €2,178 | +€267 | +14.0% |
| Current assets | 29/58 | €44,280 | €53,300 | +€9,020 | +20.4% |
| Amounts receivable within one year | 40/41 | €20,307 | €35,090 | +€14,783 | +72.8% |
| Trade receivables | 40 | €13,074 | €12,705 | -€369 | -2.8% |
| Other amounts receivable | 41 | €7,233 | €22,385 | +€15,152 | +209.5% |
| Current investments | 50/53 | €250 | €3,250 | +€3,000 | +1200.0% |
| Cash at bank and in hand | 54/58 | €23,344 | €14,480 | -€8,864 | -38.0% |
| Deferred charges and accrued income | 490/1 | €379 | €480 | +€101 | +26.7% |
| Total equity and liabilities | 10/49 | €46,191 | €55,478 | +€9,287 | +20.1% |
| Equity | 10/15 | €25,630 | €47,212 | +€21,582 | +84.2% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €18,000 | €39,000 | +€21,000 | +116.7% |
| Distributable reserves | 133 | €18,000 | €39,000 | +€21,000 | +116.7% |
| Profit (loss) carried forward | 14 | €30 | €612 | +€582 | +1955.5% |
| Amounts payable | 17/49 | €20,561 | €8,266 | -€12,295 | -59.8% |
| Amounts payable within one year | 42/48 | €20,561 | €8,266 | -€12,295 | -59.8% |
| Trade debts | 44 | €1,362 | €1,467 | +€105 | +7.7% |
| Suppliers | 440/4 | €1,362 | €1,467 | +€105 | +7.7% |
| Taxes, remuneration and social security | 45 | €16,840 | €4,266 | -€12,574 | -74.7% |
| Taxes | 450/3 | €16,840 | €4,266 | -€12,574 | -74.7% |
| Other amounts payable | 47/48 | €2,359 | €2,533 | +€174 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €889 | +€408 | +84.9% |
| Other operating charges | 640/8 | - | €407 | +€407 | |
| Gross operating margin | 9900 | €28,614 | €30,591 | +€1,977 | +6.9% |
| Operating profit (loss) | 9901 | €28,133 | €29,295 | +€1,162 | +4.1% |
| Financial income | 75/76B | €15 | €31 | +€16 | +107.8% |
| Recurring financial income | 75 | €15 | €31 | +€16 | +107.8% |
| Financial charges | 65/66B | €101 | €46 | -€55 | -54.6% |
| Recurring financial charges | 65 | €101 | €46 | -€55 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €28,047 | €29,280 | +€1,233 | +4.4% |
| Income taxes | 67/77 | €5,985 | €6,865 | +€880 | +14.7% |
| Profit (loss) for the period | 9904 | €22,062 | €22,415 | +€353 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,062 | €22,415 | +€353 | +1.6% |
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.