GOUPIL GROUP: 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.
GOUPIL GROUP
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+8.6%), from €16.3m to €17.7m
- Receivables within one year +€715,279
up €715,279 (+51.9%), from €1.4m to €2.1m
of which Other amounts receivable: +€730,279
- Profit (loss) carried forward +€1.7m
up €1.7m (+51.1%), from €3.4m to €5.1m
- Debts after one year -€824,732
down €824,732 (-30.4%), from €2.7m to €1.9m
- Short-term financial debts +€771,166
up €771,166 (+202%), from €380,998 to €1.2m
- Other debts +€295,806
up €295,806 (+21.5%), from €1.4m to €1.7m
- Financial income +€1.8m
up €1.8m (+564%), from €313,809 to €2.1m
- Services and other goods +€130,896
up €130,896 (+189%), from €69,373 to €200,269
- Other operating income +€108,477
new in 2025: €108,477
- Other operating charges +€10,410
up €10,410 (+521%), from €1,999 to €12,409
- Financial charges -€6,778
down €6,778 (-3.5%), from €192,000 to €185,222
of which Financial charges: -€6,775
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,713,399 | €19,827,973 | +€2.1m | +11.9% |
| Fixed assets | 21/28 | €16,333,524 | €17,732,896 | +€1.4m | +8.6% |
| Tangible fixed assets | 22/27 | €629 | - | -€629 | |
| Furniture and vehicles | 24 | €629 | - | -€629 | |
| Financial fixed assets | 28 | €16,332,896 | €17,732,896 | +€1.4m | +8.6% |
| Other financial fixed assets | 284/8 | €16,332,896 | €17,732,896 | +€1.4m | +8.6% |
| Shares | 284 | €16,332,896 | €17,732,896 | +€1.4m | +8.6% |
| Current assets | 29/58 | €1,379,875 | €2,095,077 | +€715,202 | +51.8% |
| Amounts receivable within one year | 40/41 | €1,379,134 | €2,094,413 | +€715,279 | +51.9% |
| Trade receivables | 40 | €17,080 | €2,080 | -€15,000 | -87.8% |
| Other amounts receivable | 41 | €1,362,054 | €2,092,333 | +€730,279 | +53.6% |
| Current investments | 50/53 | €664 | €664 | = | 0.0% |
| Other investments | 51/53 | €664 | €664 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €77 | - | -€77 | |
| Total equity and liabilities | 10/49 | €17,713,399 | €19,827,973 | +€2.1m | +11.9% |
| Equity | 10/15 | €13,240,159 | €15,058,366 | +€1.8m | +13.7% |
| Contributions | 10/11 | €9,680,390 | €9,680,390 | = | 0.0% |
| Capital | 10 | €9,680,390 | €9,680,390 | = | 0.0% |
| Issued capital | 100 | €9,680,390 | €9,680,390 | = | 0.0% |
| Reserves | 13 | €182,206 | €273,117 | +€90,910 | +49.9% |
| Non-distributable reserves | 130/1 | €182,206 | €273,117 | +€90,910 | +49.9% |
| Legal reserve | 130 | €182,206 | €273,117 | +€90,910 | +49.9% |
| Profit (loss) carried forward | 14 | €3,377,563 | €5,104,859 | +€1.7m | +51.1% |
| Amounts payable | 17/49 | €4,473,241 | €4,769,607 | +€296,366 | +6.6% |
| Amounts payable after more than one year | 17 | €2,710,000 | €1,885,268 | -€824,732 | -30.4% |
| Financial debts | 170/4 | €2,710,000 | €1,885,268 | -€824,732 | -30.4% |
| Credit institutions | 173 | €2,710,000 | €1,885,268 | -€824,732 | -30.4% |
| Amounts payable within one year | 42/48 | €1,761,750 | €2,883,056 | +€1.1m | +63.6% |
| Current portion of amounts payable after more than one year | 42 | - | €57,214 | +€57,214 | |
| Financial debts | 43 | €380,998 | €1,152,163 | +€771,166 | +202% |
| Credit institutions | 430/8 | €380,998 | €1,152,163 | +€771,166 | +202% |
| Trade debts | 44 | €4,429 | €1,973 | -€2,456 | -55.5% |
| Suppliers | 440/4 | €4,429 | €1,973 | -€2,456 | -55.5% |
| Taxes, remuneration and social security | 45 | €423 | - | -€423 | |
| Taxes | 450/3 | €423 | - | -€423 | |
| Other amounts payable | 47/48 | €1,375,900 | €1,671,706 | +€295,806 | +21.5% |
| Accrued charges and deferred income | 492/3 | €1,491 | €1,283 | -€208 | -13.9% |
| Operating income | 70/76A | €24,960 | €133,437 | +€108,477 | +435% |
| Turnover | 70 | €24,960 | €24,960 | = | 0.0% |
| Other operating income | 74 | - | €108,477 | +€108,477 | |
| Operating charges | 60/66A | €75,631 | €213,307 | +€137,676 | +182% |
| Services and other goods | 61 | €69,373 | €200,269 | +€130,896 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,259 | €629 | -€3,631 | -85.2% |
| Other operating charges | 640/8 | €1,999 | €12,409 | +€10,410 | +521% |
| Operating profit (loss) | 9901 | -€50,671 | -€79,870 | -€29,198 | -57.6% |
| Financial income | 75/76B | €313,809 | €2,083,299 | +€1.8m | +564% |
| Recurring financial income | 75 | €313,809 | €2,083,299 | +€1.8m | +564% |
| Income from financial fixed assets | 750 | - | €1,997,600 | +€2.0m | |
| Income from current assets | 751 | - | €85,699 | +€85,699 | |
| Other financial income | 752/9 | €313,809 | - | -€313,809 | |
| Financial charges | 65/66B | €192,000 | €185,222 | -€6,778 | -3.5% |
| Recurring financial charges | 65 | €191,997 | €185,222 | -€6,775 | -3.5% |
| Debt charges | 650 | - | €181,685 | +€181,685 | |
| Other financial charges | 652/9 | €191,997 | €3,538 | -€188,460 | -98.2% |
| Non-recurring financial charges | 66B | €3 | - | -€3 | |
| Profit (loss) for the period before taxes | 9903 | €71,137 | €1,818,207 | +€1.7m | +2,456% |
| Profit (loss) for the period | 9904 | €71,137 | €1,818,207 | +€1.7m | +2,456% |
| Profit (loss) for the period to be appropriated | 9905 | €71,137 | €1,818,207 | +€1.7m | +2,456% |
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 22 October 2026 via checked.be.