H. GOEMINNE: 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.
H. GOEMINNE
Largest movements
- Current investments +€60,358
up €60,358 (+134%), from €45,000 to €105,358
- Cash -€35,323
down €35,323 (-15.6%), from €227,049 to €191,725
mainly Contributions, distributions and other (-€139,991) and Current investments (-€60,358)
- Tangible fixed assets -€29,700
down €29,700 (-8.5%), from €350,053 to €320,353
of which Other tangible fixed assets: -€24,723
- Debts after one year -€15,923
down €15,923 (-6.0%), from €267,308 to €251,385
- Reserves +€7,942
up €7,942 (+1.8%), from €437,467 to €445,409
- Gross operating margin +€35,621
up €35,621 (+15.8%), from €226,014 to €261,634
- Taxes +€8,226
up €8,226 (+14.0%), from €58,616 to €66,841
- Financial charges +€3,547
up €3,547 (+30.2%), from €11,729 to €15,276
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 | €758,498 | €748,047 | -€10,451 | -1.4% |
| Fixed assets | 21/28 | €350,053 | €320,353 | -€29,700 | -8.5% |
| Tangible fixed assets | 22/27 | €350,053 | €320,353 | -€29,700 | -8.5% |
| Land and buildings | 22 | €42,888 | €39,582 | -€3,306 | -7.7% |
| Plant, machinery and equipment | 23 | €219 | €0 | -€219 | -100% |
| Furniture and vehicles | 24 | €2,996 | €1,543 | -€1,453 | -48.5% |
| Other tangible fixed assets | 26 | €303,951 | €279,228 | -€24,723 | -8.1% |
| Current assets | 29/58 | €408,444 | €427,694 | +€19,249 | +4.7% |
| Amounts receivable within one year | 40/41 | €5,276 | €707 | -€4,569 | -86.6% |
| Other amounts receivable | 41 | €5,276 | €707 | -€4,569 | -86.6% |
| Current investments | 50/53 | €45,000 | €105,358 | +€60,358 | +134% |
| Cash at bank and in hand | 54/58 | €227,049 | €191,725 | -€35,323 | -15.6% |
| Deferred charges and accrued income | 490/1 | €131,120 | €129,904 | -€1,216 | -0.9% |
| Total equity and liabilities | 10/49 | €758,498 | €748,047 | -€10,451 | -1.4% |
| Equity | 10/15 | €449,867 | €457,809 | +€7,942 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €437,467 | €445,409 | +€7,942 | +1.8% |
| Distributable reserves | 133 | €437,467 | €445,409 | +€7,942 | +1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,631 | €290,238 | -€18,393 | -6.0% |
| Amounts payable after more than one year | 17 | €267,308 | €251,385 | -€15,923 | -6.0% |
| Financial debts | 170/4 | €267,308 | €251,385 | -€15,923 | -6.0% |
| Amounts payable within one year | 42/48 | €41,323 | €38,853 | -€2,470 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €15,415 | €15,923 | +€508 | +3.3% |
| Trade debts | 44 | €5,019 | €1,242 | -€3,777 | -75.2% |
| Suppliers | 440/4 | €5,019 | €1,242 | -€3,777 | -75.2% |
| Taxes, remuneration and social security | 45 | €20,889 | €21,688 | +€799 | +3.8% |
| Taxes | 450/3 | €20,889 | €21,688 | +€799 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,556 | €29,700 | +€2,144 | +7.8% |
| Other operating charges | 640/8 | €2,070 | €2,394 | +€323 | +15.6% |
| Non-recurring operating charges | 66A | - | €74 | +€74 | |
| Gross operating margin | 9900 | €226,014 | €261,634 | +€35,621 | +15.8% |
| Operating profit (loss) | 9901 | €196,387 | €229,467 | +€33,080 | +16.8% |
| Financial income | 75/76B | €2,496 | €584 | -€1,912 | -76.6% |
| Recurring financial income | 75 | €2,496 | €584 | -€1,912 | -76.6% |
| Financial charges | 65/66B | €11,729 | €15,276 | +€3,547 | +30.2% |
| Recurring financial charges | 65 | €11,729 | €15,276 | +€3,547 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €187,154 | €214,775 | +€27,620 | +14.8% |
| Income taxes | 67/77 | €58,616 | €66,841 | +€8,226 | +14.0% |
| Profit (loss) for the period | 9904 | €128,539 | €147,934 | +€19,395 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,539 | €147,934 | +€19,395 | +15.1% |
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 28 October 2026 via checked.be.