Goudt: 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.
Goudt
Largest movements
- Tangible fixed assets -€23,480
down €23,480 (-22.5%), from €104,279 to €80,799
of which Plant, machinery and equipment: -€21,353
- Cash -€2,619
down €2,619 (-7.3%), from €35,974 to €33,355
mainly Debts after one year (-€20,161) and Other debts (-€6,123)
- Debts after one year -€20,161
down €20,161 (-61.2%), from €32,968 to €12,807
- Tax, wage and social debts +€6,236
up €6,236 (+72.3%), from €8,623 to €14,859
of which Taxes: +€6,278
- Other debts -€6,123
down €6,123 (-60.8%), from €10,072 to €3,949
- Trade debts -€6,060
down €6,060 (-27.1%), from €22,396 to €16,336
- Gross operating margin +€5,144
up €5,144 (+7.4%), from €69,103 to €74,247
- Staff costs +€2,418
up €2,418 (+6.1%), from €39,458 to €41,876
- Depreciation +€1,329
up €1,329 (+5.7%), from €23,408 to €24,737
- Financial charges +€1,317
up €1,317 (+93.1%), from €1,415 to €2,732
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 | €159,380 | €133,675 | -€25,704 | -16.1% |
| Fixed assets | 21/28 | €104,279 | €80,799 | -€23,480 | -22.5% |
| Tangible fixed assets | 22/27 | €104,279 | €80,799 | -€23,480 | -22.5% |
| Plant, machinery and equipment | 23 | €89,059 | €67,706 | -€21,353 | -24.0% |
| Furniture and vehicles | 24 | €15,219 | €13,093 | -€2,127 | -14.0% |
| Current assets | 29/58 | €55,101 | €52,876 | -€2,225 | -4.0% |
| Stocks and contracts in progress | 3 | €10,940 | €10,915 | -€25 | -0.2% |
| Stocks | 30/36 | €10,940 | €10,915 | -€25 | -0.2% |
| Amounts receivable within one year | 40/41 | €5,794 | €5,851 | +€57 | +1.0% |
| Trade receivables | 40 | €4,025 | €5,123 | +€1,098 | +27.3% |
| Other amounts receivable | 41 | €1,769 | €728 | -€1,041 | -58.9% |
| Cash at bank and in hand | 54/58 | €35,974 | €33,355 | -€2,619 | -7.3% |
| Deferred charges and accrued income | 490/1 | €2,393 | €2,755 | +€362 | +15.1% |
| Total equity and liabilities | 10/49 | €159,380 | €133,675 | -€25,704 | -16.1% |
| Equity | 10/15 | €65,439 | €65,563 | +€124 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,232 | €50,232 | = | 0.0% |
| Distributable reserves | 133 | €50,232 | €50,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,207 | €5,331 | +€124 | +2.4% |
| Amounts payable | 17/49 | €93,940 | €68,112 | -€25,828 | -27.5% |
| Amounts payable after more than one year | 17 | €32,968 | €12,807 | -€20,161 | -61.2% |
| Financial debts | 170/4 | €32,968 | €12,807 | -€20,161 | -61.2% |
| Amounts payable within one year | 42/48 | €60,972 | €55,305 | -€5,667 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €19,881 | €20,161 | +€280 | +1.4% |
| Trade debts | 44 | €22,396 | €16,336 | -€6,060 | -27.1% |
| Suppliers | 440/4 | €22,396 | €16,336 | -€6,060 | -27.1% |
| Taxes, remuneration and social security | 45 | €8,623 | €14,859 | +€6,236 | +72.3% |
| Taxes | 450/3 | €3,083 | €9,362 | +€6,278 | +203.6% |
| Remuneration and social security | 454/9 | €5,539 | €5,497 | -€42 | -0.8% |
| Other amounts payable | 47/48 | €10,072 | €3,949 | -€6,123 | -60.8% |
| Remuneration, social security and pensions | 62 | €39,458 | €41,876 | +€2,418 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,408 | €24,737 | +€1,329 | +5.7% |
| Other operating charges | 640/8 | €2,164 | €1,819 | -€346 | -16.0% |
| Gross operating margin | 9900 | €69,103 | €74,247 | +€5,144 | +7.4% |
| Operating profit (loss) | 9901 | €4,073 | €5,816 | +€1,743 | +42.8% |
| Financial income | 75/76B | €1 | €158 | +€157 | +25788.5% |
| Recurring financial income | 75 | €1 | €158 | +€157 | +25788.5% |
| Financial charges | 65/66B | €1,415 | €2,732 | +€1,317 | +93.1% |
| Recurring financial charges | 65 | €1,415 | €2,732 | +€1,317 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €2,658 | €3,242 | +€584 | +22.0% |
| Income taxes | 67/77 | €2,398 | €3,118 | +€720 | +30.0% |
| Profit (loss) for the period | 9904 | €260 | €124 | -€136 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €260 | €124 | -€136 | -52.4% |
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 5 October 2026 via checked.be.