GOODWINTER: 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.
GOODWINTER
Largest movements
- Receivables after one year -€81,060
no longer reported in 2025 (was €81,060)
- Tangible fixed assets -€31,887
down €31,887 (-9.9%), from €322,739 to €290,852
of which Furniture and vehicles: -€20,856
- Cash -€28,071
down €28,071 (-41.4%), from €67,822 to €39,751
mainly Contributions, distributions and other (-€200,000) and Current portion of long-term debt (-€49,781)
- Receivables within one year +€7,782
up €7,782 (+28.7%), from €27,121 to €34,903
- Reserves -€80,100
down €80,100 (-37.5%), from €213,750 to €133,650
- Current portion of long-term debt -€49,781
down €49,781 (-79.7%), from €62,457 to €12,676
- Other debts +€22,998
up €22,998 (+8,499%), from €271 to €23,268
- Tax, wage and social debts -€12,391
down €12,391 (-77.2%), from €16,050 to €3,659
- Debts after one year -€11,723
down €11,723 (-5.8%), from €202,246 to €190,523
- Gross operating margin +€10,419
up €10,419 (+5.5%), from €190,118 to €200,537
- Taxes +€4,223
up €4,223 (+13.5%), from €31,368 to €35,591
- Other operating charges -€2,325
down €2,325 (-50.8%), from €4,574 to €2,249
- Financial charges -€2,293
down €2,293 (-18.6%), from €12,357 to €10,064
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 | €501,895 | €369,858 | -€132,037 | -26.3% |
| Fixed assets | 21/28 | €322,739 | €290,852 | -€31,887 | -9.9% |
| Tangible fixed assets | 22/27 | €322,739 | €290,852 | -€31,887 | -9.9% |
| Land and buildings | 22 | €269,122 | €256,868 | -€12,254 | -4.6% |
| Furniture and vehicles | 24 | €53,616 | €32,761 | -€20,856 | -38.9% |
| Other tangible fixed assets | 26 | - | €1,223 | +€1,223 | |
| Current assets | 29/58 | €179,156 | €79,006 | -€100,150 | -55.9% |
| Amounts receivable after more than one year | 29 | €81,060 | - | -€81,060 | |
| Other amounts receivable | 291 | €81,060 | - | -€81,060 | |
| Amounts receivable within one year | 40/41 | €27,121 | €34,903 | +€7,782 | +28.7% |
| Trade receivables | 40 | €27,121 | €34,903 | +€7,782 | +28.7% |
| Cash at bank and in hand | 54/58 | €67,822 | €39,751 | -€28,071 | -41.4% |
| Deferred charges and accrued income | 490/1 | €3,153 | €4,353 | +€1,200 | +38.1% |
| Total equity and liabilities | 10/49 | €501,895 | €369,858 | -€132,037 | -26.3% |
| Equity | 10/15 | €217,046 | €136,658 | -€80,389 | -37.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €213,750 | €133,650 | -€80,100 | -37.5% |
| Distributable reserves | 133 | €213,750 | €133,650 | -€80,100 | -37.5% |
| Profit (loss) carried forward | 14 | €296 | €8 | -€289 | -97.3% |
| Amounts payable | 17/49 | €284,848 | €233,200 | -€51,648 | -18.1% |
| Amounts payable after more than one year | 17 | €202,246 | €190,523 | -€11,723 | -5.8% |
| Financial debts | 170/4 | €202,246 | €190,523 | -€11,723 | -5.8% |
| Amounts payable within one year | 42/48 | €79,909 | €41,653 | -€38,256 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €62,457 | €12,676 | -€49,781 | -79.7% |
| Financial debts | 43 | €416 | - | -€416 | |
| Credit institutions | 430/8 | €416 | - | -€416 | |
| Trade debts | 44 | €715 | €2,050 | +€1,334 | +186% |
| Suppliers | 440/4 | €715 | €2,050 | +€1,334 | +186% |
| Taxes, remuneration and social security | 45 | €16,050 | €3,659 | -€12,391 | -77.2% |
| Taxes | 450/3 | €16,050 | €3,659 | -€12,391 | -77.2% |
| Other amounts payable | 47/48 | €271 | €23,268 | +€22,998 | +8,499% |
| Accrued charges and deferred income | 492/3 | €2,693 | €1,025 | -€1,668 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,939 | €35,252 | +€1,313 | +3.9% |
| Other operating charges | 640/8 | €4,574 | €2,249 | -€2,325 | -50.8% |
| Gross operating margin | 9900 | €190,118 | €200,537 | +€10,419 | +5.5% |
| Operating profit (loss) | 9901 | €151,606 | €163,037 | +€11,431 | +7.5% |
| Financial income | 75/76B | €1,177 | €2,229 | +€1,052 | +89.4% |
| Recurring financial income | 75 | €1,177 | €2,229 | +€1,052 | +89.4% |
| Financial charges | 65/66B | €12,357 | €10,064 | -€2,293 | -18.6% |
| Recurring financial charges | 65 | €12,357 | €10,064 | -€2,293 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €140,426 | €155,202 | +€14,776 | +10.5% |
| Income taxes | 67/77 | €31,368 | €35,591 | +€4,223 | +13.5% |
| Profit (loss) for the period | 9904 | €109,058 | €119,611 | +€10,553 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €109,058 | €119,611 | +€10,553 | +9.7% |
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 24 October 2026 via checked.be.