GOYENS: 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.
GOYENS
Largest movements
- Receivables within one year -€35,386
down €35,386 (-57.9%), from €61,146 to €25,760
of which Other amounts receivable: -€37,279
- Tangible fixed assets -€8,321
down €8,321 (-7.1%), from €116,546 to €108,225
of which Land and buildings: -€16,058
- Cash +€7,080
up €7,080 (+6.4%), from €109,993 to €117,072
mainly Receivables within one year (+€35,386) and Depreciation (+€26,261)
- Deferred charges and accrued income -€3,089
down €3,089 (-81.3%), from €3,800 to €711
- Tax, wage and social debts -€25,847
down €25,847 (-77.7%), from €33,251 to €7,404
of which Taxes: -€27,847
- Debts after one year -€20,650
down €20,650 (-27.9%), from €74,068 to €53,419
- Gross operating margin -€89,821
down €89,821 (-73.0%), from €123,111 to €33,290
- Taxes -€29,251
down €29,251 (-95.7%), from €30,570 to €1,319
- Other operating charges -€2,968
down €2,968 (-44.5%), from €6,675 to €3,707
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 | €291,485 | €251,769 | -€39,716 | -13.6% |
| Fixed assets | 21/28 | €116,546 | €108,225 | -€8,321 | -7.1% |
| Tangible fixed assets | 22/27 | €116,546 | €108,225 | -€8,321 | -7.1% |
| Land and buildings | 22 | €80,288 | €64,230 | -€16,058 | -20.0% |
| Plant, machinery and equipment | 23 | €34,033 | €38,771 | +€4,738 | +13.9% |
| Furniture and vehicles | 24 | €2,225 | €5,224 | +€2,999 | +134.8% |
| Current assets | 29/58 | €174,939 | €143,544 | -€31,395 | -17.9% |
| Amounts receivable within one year | 40/41 | €61,146 | €25,760 | -€35,386 | -57.9% |
| Trade receivables | 40 | €20,099 | €21,992 | +€1,894 | +9.4% |
| Other amounts receivable | 41 | €41,047 | €3,768 | -€37,279 | -90.8% |
| Cash at bank and in hand | 54/58 | €109,993 | €117,072 | +€7,080 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,800 | €711 | -€3,089 | -81.3% |
| Total equity and liabilities | 10/49 | €291,485 | €251,769 | -€39,716 | -13.6% |
| Equity | 10/15 | €160,395 | €162,816 | +€2,420 | +1.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €131,123 | €133,543 | +€2,420 | +1.8% |
| Distributable reserves | 133 | €131,123 | €133,543 | +€2,420 | +1.8% |
| Profit (loss) carried forward | 14 | €15,012 | €15,013 | +€0 | 0.0% |
| Amounts payable | 17/49 | €131,089 | €88,954 | -€42,136 | -32.1% |
| Amounts payable after more than one year | 17 | €74,068 | €53,419 | -€20,650 | -27.9% |
| Financial debts | 170/4 | €74,068 | €53,419 | -€20,650 | -27.9% |
| Amounts payable within one year | 42/48 | €55,190 | €33,705 | -€21,485 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €20,251 | €20,650 | +€398 | +2.0% |
| Financial debts | 43 | €490 | €1,080 | +€590 | +120.3% |
| Other loans | 439 | €490 | €1,080 | +€590 | +120.3% |
| Trade debts | 44 | €1,198 | €3,323 | +€2,125 | +177.4% |
| Suppliers | 440/4 | €1,198 | €3,323 | +€2,125 | +177.4% |
| Taxes, remuneration and social security | 45 | €33,251 | €7,404 | -€25,847 | -77.7% |
| Taxes | 450/3 | €33,251 | €5,404 | -€27,847 | -83.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €1,248 | +€1,248 | |
| Accrued charges and deferred income | 492/3 | €1,831 | €1,830 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,132 | €26,261 | +€130 | +0.5% |
| Other operating charges | 640/8 | €6,675 | €3,707 | -€2,968 | -44.5% |
| Non-recurring operating charges | 66A | - | €107 | +€107 | |
| Gross operating margin | 9900 | €123,111 | €33,290 | -€89,821 | -73.0% |
| Operating profit (loss) | 9901 | €90,304 | €3,214 | -€87,089 | -96.4% |
| Financial income | 75/76B | €2,638 | €2,386 | -€253 | -9.6% |
| Recurring financial income | 75 | €2,638 | €2,386 | -€253 | -9.6% |
| Financial charges | 65/66B | €2,244 | €1,861 | -€383 | -17.1% |
| Recurring financial charges | 65 | €2,244 | €1,861 | -€383 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €90,698 | €3,739 | -€86,959 | -95.9% |
| Income taxes | 67/77 | €30,570 | €1,319 | -€29,251 | -95.7% |
| Profit (loss) for the period | 9904 | €60,128 | €2,420 | -€57,708 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,128 | €2,420 | -€57,708 | -96.0% |
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 2 October 2026 via checked.be.