Goya: 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.
Goya
Largest movements
- Tangible fixed assets +€28,556
up €28,556 (+4.9%), from €580,559 to €609,115
- Cash -€10,975
down €10,975 (-40.8%), from €26,868 to €15,893
mainly Investment in fixed assets (net) (-€53,538) and Debts after one year (-€21,096)
- Other debts +€31,248
up €31,248 (+38.7%), from €80,647 to €111,895
- Debts after one year -€21,096
down €21,096 (-12.9%), from €163,430 to €142,334
- Trade debts +€8,639
up €8,639 (+33.3%), from €25,966 to €34,605
- Depreciation +€3,146
up €3,146 (+14.4%), from €21,836 to €24,982
- Financial income +€2,950
new in 2025: €2,950
of which Financial income: +€2,950
- Gross operating margin +€2,002
up €2,002 (+3.5%), from €56,935 to €58,937
- Other operating charges -€1,192
down €1,192 (-3.9%), from €30,879 to €29,687
- Financial charges +€1,143
up €1,143 (+22.9%), from €4,999 to €6,142
of which Financial charges: +€1,843
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 | €618,164 | €637,414 | +€19,250 | +3.1% |
| Fixed assets | 21/28 | €580,559 | €609,115 | +€28,556 | +4.9% |
| Tangible fixed assets | 22/27 | €580,559 | €609,115 | +€28,556 | +4.9% |
| Land and buildings | 22 | €580,559 | €609,115 | +€28,556 | +4.9% |
| Current assets | 29/58 | €37,605 | €28,299 | -€9,306 | -24.7% |
| Amounts receivable within one year | 40/41 | €8,600 | €10,500 | +€1,900 | +22.1% |
| Trade receivables | 40 | €5,500 | €10,500 | +€5,000 | +90.9% |
| Other amounts receivable | 41 | €3,100 | - | -€3,100 | |
| Cash at bank and in hand | 54/58 | €26,868 | €15,893 | -€10,975 | -40.8% |
| Deferred charges and accrued income | 490/1 | €2,137 | €1,906 | -€231 | -10.8% |
| Total equity and liabilities | 10/49 | €618,164 | €637,414 | +€19,250 | +3.1% |
| Equity | 10/15 | €310,283 | €312,051 | +€1,768 | +0.6% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €85,883 | €87,651 | +€1,768 | +2.1% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,888 | €19,046 | -€4,842 | -20.3% |
| Distributable reserves | 133 | €54,555 | €61,165 | +€6,610 | +12.1% |
| Provisions and deferred taxes | 16 | €12,863 | €10,256 | -€2,607 | -20.3% |
| Deferred taxes | 168 | €12,863 | €10,256 | -€2,607 | -20.3% |
| Amounts payable | 17/49 | €295,018 | €315,107 | +€20,089 | +6.8% |
| Amounts payable after more than one year | 17 | €163,430 | €142,334 | -€21,096 | -12.9% |
| Financial debts | 170/4 | €163,430 | €142,334 | -€21,096 | -12.9% |
| Amounts payable within one year | 42/48 | €131,588 | €172,773 | +€41,185 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €22,570 | €21,927 | -€643 | -2.8% |
| Trade debts | 44 | €25,966 | €34,605 | +€8,639 | +33.3% |
| Suppliers | 440/4 | €25,966 | €34,605 | +€8,639 | +33.3% |
| Taxes, remuneration and social security | 45 | €2,405 | €4,346 | +€1,941 | +80.7% |
| Taxes | 450/3 | €2,405 | €4,346 | +€1,941 | +80.7% |
| Other amounts payable | 47/48 | €80,647 | €111,895 | +€31,248 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,836 | €24,982 | +€3,146 | +14.4% |
| Other operating charges | 640/8 | €30,879 | €29,687 | -€1,192 | -3.9% |
| Gross operating margin | 9900 | €56,935 | €58,937 | +€2,002 | +3.5% |
| Operating profit (loss) | 9901 | €4,220 | €4,268 | +€48 | +1.1% |
| Financial income | 75/76B | - | €2,950 | +€2,950 | |
| Recurring financial income | 75 | - | €2,950 | +€2,950 | |
| Non-recurring financial income | 76B | - | €2,950 | +€2,950 | |
| Financial charges | 65/66B | €4,999 | €6,142 | +€1,143 | +22.9% |
| Recurring financial charges | 65 | €4,299 | €6,142 | +€1,843 | +42.9% |
| Non-recurring financial charges | 66B | €700 | - | -€700 | |
| Profit (loss) for the period before taxes | 9903 | -€779 | €1,076 | +€1,855 | |
| Transfer from deferred taxes | 780 | €2,607 | - | -€2,607 | |
| Income taxes | 67/77 | €2,369 | €1,915 | -€454 | -19.2% |
| Profit (loss) for the period | 9904 | -€541 | -€839 | -€298 | -55.1% |
| Transfer from tax-exempt reserves | 789 | €4,842 | €7,449 | +€2,607 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,301 | €6,610 | +€2,309 | +53.7% |
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 6 October 2026 via checked.be.