Goyvaerts: what changed
What changed
Goyvaerts
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€50,213
2024 · €6,130+€44,084
Equity
€220,905
2024 · €170,691+€50,213
Cash
€120,364
2024 · €118,852+€1,513
Balance sheet total
€345,948
2024 · €294,727+€51,221
Largest movements
Assets
- Tangible fixed assets +€44,247
up €44,247 (+115%), from €38,448 to €82,695
of which Leasing and similar rights: +€64,377
- Receivables within one year -€33,164
down €33,164 (-26.1%), from €126,927 to €93,762
of which Other amounts receivable: -€16,737
- Stocks and contracts +€27,979
up €27,979 (+280%), from €10,000 to €37,979
- Deferred charges and accrued income +€10,647
up €10,647 (+2,129%), from €500 to €11,147
Equity and liabilities
- Reserves +€50,213
up €50,213 (+31.4%), from €159,691 to €209,905
- Debts after one year +€41,557
up €41,557, from €0 to €41,557
- Other debts -€26,737
down €26,737 (-100%), from €26,737 to €0
- Trade debts -€10,718
down €10,718 (-15.2%), from €70,701 to €59,983
- Provisions -€4,151
down €4,151 (-100%), from €4,151 to €0
Income statement
- Staff costs -€29,323
down €29,323 (-15.7%), from €186,769 to €157,446
- Gross operating margin +€27,781
up €27,781 (+12.2%), from €227,168 to €254,948
- Taxes +€18,375
up €18,375 (+579%), from €3,173 to €21,548
- Depreciation -€10,467
down €10,467 (-32.9%), from €31,797 to €21,330
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,130
Gross operating margin
+€27,781
Staff costs
+€29,323
Depreciation
+€10,467
Other operating charges
+€1,299
Other operating items
-€5,514
Financial income
-€644
Financial charges
-€253
Taxes
-€18,375
Result 2025
€50,213
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€25,523
Investment
-€65,576
Financing
+€41,566
Cash 2024
€118,852
From operations (derived)
+€25,523
Net result for the year
+€50,213
Depreciation
+€21,330
Stocks and contracts
-€27,979
Receivables within one year
+€33,164
Deferred charges and accrued income
-€10,647
Provisions
-€4,151
Trade debts
-€10,718
Tax, wage and social debts
+€1,048
Other debts
-€26,737
Investment (derived)
-€65,576
Investment in fixed assets (net)
-€65,576
Financing
+€41,566
Debts after one year
+€41,557
Current portion of long-term debt
+€8
Cash 2025
€120,364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,727 | €345,948 | +€51,221 | +17.4% |
| Fixed assets | 21/28 | €38,448 | €82,695 | +€44,247 | +115% |
| Tangible fixed assets | 22/27 | €38,448 | €82,695 | +€44,247 | +115% |
| Plant, machinery and equipment | 23 | €10,455 | €11,138 | +€682 | +6.5% |
| Furniture and vehicles | 24 | €27,993 | €7,180 | -€20,813 | -74.4% |
| Leasing and similar rights | 25 | - | €64,377 | +€64,377 | |
| Current assets | 29/58 | €256,278 | €263,253 | +€6,974 | +2.7% |
| Stocks and contracts in progress | 3 | €10,000 | €37,979 | +€27,979 | +280% |
| Contracts in progress | 37 | €10,000 | €37,979 | +€27,979 | +280% |
| Amounts receivable within one year | 40/41 | €126,927 | €93,762 | -€33,164 | -26.1% |
| Trade receivables | 40 | €17,336 | €908 | -€16,428 | -94.8% |
| Other amounts receivable | 41 | €109,590 | €92,854 | -€16,737 | -15.3% |
| Cash at bank and in hand | 54/58 | €118,852 | €120,364 | +€1,513 | +1.3% |
| Deferred charges and accrued income | 490/1 | €500 | €11,147 | +€10,647 | +2,129% |
| Total equity and liabilities | 10/49 | €294,727 | €345,948 | +€51,221 | +17.4% |
| Equity | 10/15 | €170,691 | €220,905 | +€50,213 | +29.4% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €159,691 | €209,905 | +€50,213 | +31.4% |
| Distributable reserves | 133 | €159,691 | €209,905 | +€50,213 | +31.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,151 | €0 | -€4,151 | -100% |
| Provisions for liabilities and charges | 160/5 | €4,151 | €0 | -€4,151 | -100% |
| Other liabilities and charges | 164/5 | €4,151 | €0 | -€4,151 | -100% |
| Amounts payable | 17/49 | €119,885 | €125,043 | +€5,158 | +4.3% |
| Amounts payable after more than one year | 17 | €0 | €41,557 | +€41,557 | |
| Financial debts | 170/4 | €0 | €41,557 | +€41,557 | |
| Amounts payable within one year | 42/48 | €119,885 | €83,486 | -€36,399 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €12,515 | €12,523 | +€8 | +0.1% |
| Trade debts | 44 | €70,701 | €59,983 | -€10,718 | -15.2% |
| Suppliers | 440/4 | €70,701 | €59,983 | -€10,718 | -15.2% |
| Taxes, remuneration and social security | 45 | €9,932 | €10,980 | +€1,048 | +10.5% |
| Taxes | 450/3 | €1,150 | €5,395 | +€4,245 | +369% |
| Remuneration and social security | 454/9 | €8,783 | €5,585 | -€3,197 | -36.4% |
| Other amounts payable | 47/48 | €26,737 | €0 | -€26,737 | -100% |
| Non-recurring operating income | 76A | - | €4,151 | +€4,151 | |
| Remuneration, social security and pensions | 62 | €186,769 | €157,446 | -€29,323 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,797 | €21,330 | -€10,467 | -32.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,658 | €2,359 | -€1,299 | -35.5% |
| Non-recurring operating charges | 66A | - | €5,514 | +€5,514 | |
| Gross operating margin | 9900 | €227,168 | €254,948 | +€27,781 | +12.2% |
| Operating profit (loss) | 9901 | €4,944 | €68,301 | +€63,357 | +1,282% |
| Financial income | 75/76B | €4,784 | €4,140 | -€644 | -13.5% |
| Recurring financial income | 75 | €4,784 | €4,140 | -€644 | -13.5% |
| Financial charges | 65/66B | €426 | €679 | +€253 | +59.4% |
| Recurring financial charges | 65 | €426 | €679 | +€253 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €9,302 | €71,761 | +€62,459 | +671% |
| Income taxes | 67/77 | €3,173 | €21,548 | +€18,375 | +579% |
| Profit (loss) for the period | 9904 | €6,130 | €50,213 | +€44,084 | +719% |
| Profit (loss) for the period to be appropriated | 9905 | €6,130 | €50,213 | +€44,084 | +719% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.