GOUT Eric: 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.
GOUT Eric
Largest movements
- Cash +€41,615
up €41,615 (+328%), from €12,678 to €54,293
mainly Depreciation (+€24,118) and Net result for the year (+€15,988)
- Tangible fixed assets -€19,588
down €19,588 (-5.5%), from €357,708 to €338,120
of which Land and buildings: -€20,288
- Receivables within one year -€6,589
down €6,589 (-11.9%), from €55,142 to €48,554
of which Trade receivables: -€5,118
- Deferred charges and accrued income -€4,899
down €4,899 (-64.0%), from €7,656 to €2,757
- Debts after one year -€20,656
down €20,656 (-8.9%), from €232,141 to €211,485
- Other debts +€14,559
up €14,559 (+24.2%), from €60,063 to €74,621
- Profit (loss) carried forward +€11,719
no longer reported in 2025 (was -€11,719)
- Purchases and services +€84,956
up €84,956 (+61.4%), from €138,271 to €223,227
- Gross operating margin +€27,281
up €27,281 (+117%), from €23,392 to €50,673
- Financial charges +€3,851
up €3,851 (+66.1%), from €5,821 to €9,672
- Depreciation -€3,480
down €3,480 (-12.6%), from €27,598 to €24,118
- Financial income +€748
up €748 (+181%), from €414 to €1,162
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 | €466,860 | €475,869 | +€9,009 | +1.9% |
| Formation expenses | 20 | €26,675 | €25,145 | -€1,531 | -5.7% |
| Fixed assets | 21/28 | €364,708 | €345,120 | -€19,588 | -5.4% |
| Tangible fixed assets | 22/27 | €357,708 | €338,120 | -€19,588 | -5.5% |
| Land and buildings | 22 | €350,108 | €329,820 | -€20,288 | -5.8% |
| Plant, machinery and equipment | 23 | €6,515 | €7,555 | +€1,040 | +16.0% |
| Furniture and vehicles | 24 | €1,085 | €744 | -€341 | -31.4% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €75,477 | €105,604 | +€30,128 | +39.9% |
| Amounts receivable within one year | 40/41 | €55,142 | €48,554 | -€6,589 | -11.9% |
| Trade receivables | 40 | €53,672 | €48,554 | -€5,118 | -9.5% |
| Other amounts receivable | 41 | €1,471 | - | -€1,471 | |
| Cash at bank and in hand | 54/58 | €12,678 | €54,293 | +€41,615 | +328% |
| Deferred charges and accrued income | 490/1 | €7,656 | €2,757 | -€4,899 | -64.0% |
| Total equity and liabilities | 10/49 | €466,860 | €475,869 | +€9,009 | +1.9% |
| Equity | 10/15 | €138,980 | €154,968 | +€15,988 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,100 | €136,368 | +€4,268 | +3.2% |
| Distributable reserves | 133 | €132,100 | €136,368 | +€4,268 | +3.2% |
| Profit (loss) carried forward | 14 | -€11,719 | - | +€11,719 | |
| Amounts payable | 17/49 | €327,880 | €320,901 | -€6,979 | -2.1% |
| Amounts payable after more than one year | 17 | €232,141 | €211,485 | -€20,656 | -8.9% |
| Financial debts | 170/4 | €232,141 | €211,485 | -€20,656 | -8.9% |
| Amounts payable within one year | 42/48 | €95,739 | €109,415 | +€13,676 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €20,253 | €20,656 | +€403 | +2.0% |
| Trade debts | 44 | €11,886 | €12,273 | +€386 | +3.2% |
| Suppliers | 440/4 | €11,886 | €12,273 | +€386 | +3.2% |
| Taxes, remuneration and social security | 45 | €3,537 | €1,866 | -€1,671 | -47.2% |
| Taxes | 450/3 | - | €1,866 | +€1,866 | |
| Remuneration and social security | 454/9 | €3,537 | - | -€3,537 | |
| Other amounts payable | 47/48 | €60,063 | €74,621 | +€14,559 | +24.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,271 | €223,227 | +€84,956 | +61.4% |
| Remuneration, social security and pensions | 62 | €740 | €780 | +€40 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,598 | €24,118 | -€3,480 | -12.6% |
| Other operating charges | 640/8 | €896 | €1,140 | +€244 | +27.2% |
| Gross operating margin | 9900 | €23,392 | €50,673 | +€27,281 | +117% |
| Operating profit (loss) | 9901 | -€5,842 | €24,635 | +€30,477 | |
| Financial income | 75/76B | €414 | €1,162 | +€748 | +181% |
| Recurring financial income | 75 | €414 | €1,162 | +€748 | +181% |
| Financial charges | 65/66B | €5,821 | €9,672 | +€3,851 | +66.1% |
| Recurring financial charges | 65 | €5,821 | €9,672 | +€3,851 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,250 | €16,125 | +€27,374 | |
| Income taxes | 67/77 | €470 | €137 | -€333 | -70.9% |
| Profit (loss) for the period | 9904 | -€11,719 | €15,988 | +€27,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,719 | €15,988 | +€27,707 |
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 16 October 2026 via checked.be.