GOOVAERTS: 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.
GOOVAERTS
Largest movements
- Cash +€31,946
up €31,946 (+138%), from €23,077 to €55,023
mainly Trade debts (+€31,892) and Net result for the year (+€23,452)
- Receivables within one year -€15,320
down €15,320 (-26.2%), from €58,559 to €43,240
of which Trade receivables: -€14,976
- Tangible fixed assets -€12,799
down €12,799 (-14.8%), from €86,321 to €73,522
of which Plant, machinery and equipment: -€10,174
- Stocks and contracts -€3,445
down €3,445 (-18.4%), from €18,689 to €15,244
- Other debts -€42,537
down €42,537 (-41.6%), from €102,280 to €59,742
- Trade debts +€31,892
up €31,892 (+178%), from €17,896 to €49,788
- Profit (loss) carried forward +€23,452
up €23,452 (+63.4%), from -€36,963 to -€13,512
- Current portion of long-term debt -€8,565
down €8,565 (-100%), from €8,565 to €0
- Tax, wage and social debts -€3,887
down €3,887 (-78.9%), from €4,929 to €1,042
- Gross operating margin +€62,234
up €62,234 (+360%), from €17,270 to €79,504
- Depreciation -€8,665
down €8,665 (-34.4%), from €25,213 to €16,549
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,218 | €187,573 | +€355 | +0.2% |
| Fixed assets | 21/28 | €86,321 | €73,522 | -€12,799 | -14.8% |
| Tangible fixed assets | 22/27 | €86,321 | €73,522 | -€12,799 | -14.8% |
| Land and buildings | 22 | €3,983 | €2,582 | -€1,401 | -35.2% |
| Plant, machinery and equipment | 23 | €79,081 | €68,907 | -€10,174 | -12.9% |
| Furniture and vehicles | 24 | €3,257 | €2,033 | -€1,224 | -37.6% |
| Current assets | 29/58 | €100,897 | €114,051 | +€13,154 | +13.0% |
| Stocks and contracts in progress | 3 | €18,689 | €15,244 | -€3,445 | -18.4% |
| Stocks | 30/36 | €18,689 | €15,244 | -€3,445 | -18.4% |
| Amounts receivable within one year | 40/41 | €58,559 | €43,240 | -€15,320 | -26.2% |
| Trade receivables | 40 | €57,071 | €42,095 | -€14,976 | -26.2% |
| Other amounts receivable | 41 | €1,488 | €1,145 | -€344 | -23.1% |
| Cash at bank and in hand | 54/58 | €23,077 | €55,023 | +€31,946 | +138% |
| Deferred charges and accrued income | 490/1 | €572 | €544 | -€28 | -4.9% |
| Total equity and liabilities | 10/49 | €187,218 | €187,573 | +€355 | +0.2% |
| Equity | 10/15 | €53,549 | €77,001 | +€23,452 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,912 | €71,912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,363 | €1,363 | = | 0.0% |
| Distributable reserves | 133 | €70,549 | €70,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,963 | -€13,512 | +€23,452 | +63.4% |
| Amounts payable | 17/49 | €133,669 | €110,573 | -€23,097 | -17.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €133,669 | €110,573 | -€23,097 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €8,565 | €0 | -€8,565 | -100% |
| Trade debts | 44 | €17,896 | €49,788 | +€31,892 | +178% |
| Suppliers | 440/4 | €17,896 | €49,788 | +€31,892 | +178% |
| Taxes, remuneration and social security | 45 | €4,929 | €1,042 | -€3,887 | -78.9% |
| Taxes | 450/3 | €4,929 | €1,042 | -€3,887 | -78.9% |
| Other amounts payable | 47/48 | €102,280 | €59,742 | -€42,537 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,213 | €16,549 | -€8,665 | -34.4% |
| Other operating charges | 640/8 | €1,874 | €1,427 | -€447 | -23.9% |
| Non-recurring operating charges | 66A | - | €37,950 | +€37,950 | |
| Gross operating margin | 9900 | €17,270 | €79,504 | +€62,234 | +360% |
| Operating profit (loss) | 9901 | -€9,818 | €23,578 | +€33,396 | |
| Financial income | 75/76B | €469 | €555 | +€86 | +18.4% |
| Recurring financial income | 75 | €469 | €555 | +€86 | +18.4% |
| Financial charges | 65/66B | €564 | €507 | -€57 | -10.2% |
| Recurring financial charges | 65 | €564 | €507 | -€57 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,913 | €23,626 | +€33,539 | |
| Income taxes | 67/77 | €132 | €174 | +€43 | +32.6% |
| Profit (loss) for the period | 9904 | -€10,045 | €23,452 | +€33,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,045 | €23,452 | +€33,496 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.