GOUDRIAAN: 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.
GOUDRIAAN
Largest movements
- Cash -€18,532
down €18,532 (-61.7%), from €30,032 to €11,500
mainly Net result for the year (-€11,829) and Debts after one year (-€9,036)
- Tangible fixed assets -€9,762
down €9,762 (-22.2%), from €43,984 to €34,222
- Receivables within one year +€3,748
up €3,748 (+265%), from €1,413 to €5,161
of which Trade receivables: +€4,890
- Stocks and contracts -€830
no longer reported in 2025 (was €830)
- Reserves -€11,829
down €11,829 (-54.8%), from €21,567 to €9,738
- Debts after one year -€9,036
down €9,036 (-26.2%), from €34,479 to €25,442
- Tax, wage and social debts -€5,734
down €5,734 (-97.9%), from €5,857 to €122
- Accrued charges and deferred income +€1,437
new in 2025: €1,437
- Gross operating margin -€32,883
down €32,883 (-98.6%), from €33,366 to €483
- Taxes -€5,730
down €5,730 (-97.7%), from €5,864 to €134
- Depreciation +€4,937
up €4,937 (+102%), from €4,825 to €9,762
- Financial charges +€1,148
up €1,148 (+120%), from €954 to €2,103
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 | €77,143 | €51,804 | -€25,339 | -32.8% |
| Fixed assets | 21/28 | €43,984 | €34,222 | -€9,762 | -22.2% |
| Tangible fixed assets | 22/27 | €43,984 | €34,222 | -€9,762 | -22.2% |
| Furniture and vehicles | 24 | €43,984 | €34,222 | -€9,762 | -22.2% |
| Current assets | 29/58 | €33,160 | €17,582 | -€15,577 | -47.0% |
| Stocks and contracts in progress | 3 | €830 | - | -€830 | |
| Stocks | 30/36 | €830 | - | -€830 | |
| Amounts receivable within one year | 40/41 | €1,413 | €5,161 | +€3,748 | +265% |
| Trade receivables | 40 | - | €4,890 | +€4,890 | |
| Other amounts receivable | 41 | €1,413 | €271 | -€1,142 | -80.8% |
| Cash at bank and in hand | 54/58 | €30,032 | €11,500 | -€18,532 | -61.7% |
| Deferred charges and accrued income | 490/1 | €884 | €921 | +€38 | +4.3% |
| Total equity and liabilities | 10/49 | €77,143 | €51,804 | -€25,339 | -32.8% |
| Equity | 10/15 | €24,067 | €12,238 | -€11,829 | -49.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,567 | €9,738 | -€11,829 | -54.8% |
| Distributable reserves | 133 | €21,567 | €9,738 | -€11,829 | -54.8% |
| Amounts payable | 17/49 | €53,076 | €39,566 | -€13,510 | -25.5% |
| Amounts payable after more than one year | 17 | €34,479 | €25,442 | -€9,036 | -26.2% |
| Financial debts | 170/4 | €34,479 | €25,442 | -€9,036 | -26.2% |
| Amounts payable within one year | 42/48 | €18,598 | €12,687 | -€5,911 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €8,615 | €9,036 | +€421 | +4.9% |
| Trade debts | 44 | €2,163 | €1,513 | -€650 | -30.1% |
| Suppliers | 440/4 | €2,163 | €1,513 | -€650 | -30.1% |
| Taxes, remuneration and social security | 45 | €5,857 | €122 | -€5,734 | -97.9% |
| Taxes | 450/3 | €5,857 | €122 | -€5,734 | -97.9% |
| Other amounts payable | 47/48 | €1,963 | €2,015 | +€52 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €9,762 | +€4,937 | +102% |
| Other operating charges | 640/8 | €181 | €353 | +€172 | +94.8% |
| Gross operating margin | 9900 | €33,366 | €483 | -€32,883 | -98.6% |
| Operating profit (loss) | 9901 | €28,360 | -€9,631 | -€37,992 | |
| Financial income | 75/76B | €25 | €40 | +€15 | +60.7% |
| Recurring financial income | 75 | €25 | €40 | +€15 | +60.7% |
| Financial charges | 65/66B | €954 | €2,103 | +€1,148 | +120% |
| Recurring financial charges | 65 | €954 | €2,103 | +€1,148 | +120% |
| Profit (loss) for the period before taxes | 9903 | €27,431 | -€11,694 | -€39,125 | |
| Income taxes | 67/77 | €5,864 | €134 | -€5,730 | -97.7% |
| Profit (loss) for the period | 9904 | €21,567 | -€11,829 | -€33,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,567 | -€11,829 | -€33,395 |
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 19 October 2026 via checked.be.