GOUWBERG: 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.
GOUWBERG
Largest movements
- Tangible fixed assets -€620,293
down €620,293 (-61.5%), from €1.0m to €387,892
of which Land and buildings: -€623,520
- Current investments +€450,000
new in 2025: €450,000
- Cash +€51,315
up €51,315 (+3,975%), from €1,291 to €52,606
mainly Investment in fixed assets (net) (+€593,937) and Net result for the year (+€232,187)
- Deferred charges and accrued income -€14,254
down €14,254 (-85.3%), from €16,712 to €2,458
- Receivables within one year +€10,570
new in 2025: €10,570
- Other debts -€362,678
down €362,678 (-87.6%), from €414,076 to €51,398
- Reserves +€312,168
up €312,168 (+241%), from €129,622 to €441,789
of which Tax-exempt reserves: +€312,168
- Provisions +€95,874
up €95,874 (+1,172%), from €8,181 to €104,056
of which Deferred taxes: +€104,056
- Profit (loss) carried forward -€79,981
new in 2025: -€79,981
- Debts after one year -€64,192
no longer reported in 2025 (was €64,192)
of which Financial debts: -€59,332
- Gross operating margin +€268,807
up €268,807 (+246%), from €109,354 to €378,161
- Depreciation -€22,302
down €22,302 (-45.8%), from €48,658 to €26,355
- Financial income +€8,564
up €8,564 (+37,842%), from €23 to €8,586
- Taxes -€7,760
no longer reported in 2025 (was €7,760)
- Financial charges -€5,300
down €5,300 (-21.8%), from €24,276 to €18,976
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 | €1,026,188 | €903,527 | -€122,661 | -12.0% |
| Fixed assets | 21/28 | €1,008,185 | €387,892 | -€620,293 | -61.5% |
| Tangible fixed assets | 22/27 | €1,008,185 | €387,892 | -€620,293 | -61.5% |
| Land and buildings | 22 | €952,268 | €328,748 | -€623,520 | -65.5% |
| Plant, machinery and equipment | 23 | €1,774 | €2,815 | +€1,041 | +58.7% |
| Furniture and vehicles | 24 | €3,872 | €2,248 | -€1,624 | -41.9% |
| Other tangible fixed assets | 26 | €50,270 | €54,080 | +€3,810 | +7.6% |
| Current assets | 29/58 | €18,003 | €515,635 | +€497,632 | +2,764% |
| Amounts receivable within one year | 40/41 | - | €10,570 | +€10,570 | |
| Other amounts receivable | 41 | - | €10,570 | +€10,570 | |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €1,291 | €52,606 | +€51,315 | +3,975% |
| Deferred charges and accrued income | 490/1 | €16,712 | €2,458 | -€14,254 | -85.3% |
| Total equity and liabilities | 10/49 | €1,026,188 | €903,527 | -€122,661 | -12.0% |
| Equity | 10/15 | €396,318 | €628,504 | +€232,187 | +58.6% |
| Contributions | 10/11 | €266,696 | €266,696 | = | 0.0% |
| Capital | 10 | €266,696 | €266,696 | = | 0.0% |
| Issued capital | 100 | €266,696 | €266,696 | = | 0.0% |
| Reserves | 13 | €129,622 | €441,789 | +€312,168 | +241% |
| Non-distributable reserves | 130/1 | €11,077 | €11,077 | = | 0.0% |
| Legal reserve | 130 | €11,077 | €11,077 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €312,168 | +€312,168 | |
| Distributable reserves | 133 | €118,545 | €118,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€79,981 | -€79,981 | |
| Provisions and deferred taxes | 16 | €8,181 | €104,056 | +€95,874 | +1,172% |
| Provisions for liabilities and charges | 160/5 | €8,181 | - | -€8,181 | |
| Major repairs and maintenance | 162 | €8,181 | - | -€8,181 | |
| Deferred taxes | 168 | - | €104,056 | +€104,056 | |
| Amounts payable | 17/49 | €621,689 | €170,966 | -€450,722 | -72.5% |
| Amounts payable after more than one year | 17 | €64,192 | - | -€64,192 | |
| Financial debts | 170/4 | €59,332 | - | -€59,332 | |
| Other amounts payable | 178/9 | €4,860 | - | -€4,860 | |
| Amounts payable within one year | 42/48 | €534,780 | €151,327 | -€383,453 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €109,252 | €90,277 | -€18,975 | -17.4% |
| Financial debts | 43 | €142 | €270 | +€128 | +90.6% |
| Credit institutions | 430/8 | €142 | €270 | +€128 | +90.6% |
| Trade debts | 44 | - | €4,151 | +€4,151 | |
| Suppliers | 440/4 | - | €4,151 | +€4,151 | |
| Taxes, remuneration and social security | 45 | €11,311 | €5,231 | -€6,080 | -53.8% |
| Taxes | 450/3 | €11,311 | €5,231 | -€6,080 | -53.8% |
| Other amounts payable | 47/48 | €414,076 | €51,398 | -€362,678 | -87.6% |
| Accrued charges and deferred income | 492/3 | €22,717 | €19,640 | -€3,077 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,658 | €26,355 | -€22,302 | -45.8% |
| Other operating charges | 640/8 | €5,368 | €5,174 | -€194 | -3.6% |
| Gross operating margin | 9900 | €109,354 | €378,161 | +€268,807 | +246% |
| Operating profit (loss) | 9901 | €55,329 | €346,632 | +€291,304 | +526% |
| Financial income | 75/76B | €23 | €8,586 | +€8,564 | +37,842% |
| Recurring financial income | 75 | €23 | €8,586 | +€8,564 | +37,842% |
| Financial charges | 65/66B | €24,276 | €18,976 | -€5,300 | -21.8% |
| Recurring financial charges | 65 | €24,276 | €18,976 | -€5,300 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €31,075 | €336,243 | +€305,167 | +982% |
| Transfer to deferred taxes | 680 | - | €104,056 | +€104,056 | |
| Income taxes | 67/77 | €7,760 | - | -€7,760 | |
| Profit (loss) for the period | 9904 | €23,315 | €232,187 | +€208,872 | +896% |
| Transfer to tax-exempt reserves | 689 | - | €312,168 | +€312,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,315 | -€79,981 | -€103,296 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.