HET GOED: 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.
HET GOED
Largest movements
- Tangible fixed assets -€10,914
down €10,914 (-1.7%), from €645,101 to €634,188
of which Land and buildings: -€15,278
- Other debts -€17,783
down €17,783 (-11.8%), from €150,316 to €132,533
- Gross operating margin +€5,711
up €5,711 (+28.9%), from €19,737 to €25,449
- Depreciation +€3,540
up €3,540 (+18.2%), from €19,474 to €23,014
- Other operating charges +€322
up €322 (+7.3%), from €4,406 to €4,728
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 | €867,683 | €847,577 | -€20,106 | -2.3% |
| Fixed assets | 21/28 | €645,101 | €634,188 | -€10,914 | -1.7% |
| Tangible fixed assets | 22/27 | €645,101 | €634,188 | -€10,914 | -1.7% |
| Land and buildings | 22 | €596,807 | €581,530 | -€15,278 | -2.6% |
| Plant, machinery and equipment | 23 | €48,294 | €41,768 | -€6,526 | -13.5% |
| Furniture and vehicles | 24 | - | €10,890 | +€10,890 | |
| Current assets | 29/58 | €222,582 | €213,390 | -€9,192 | -4.1% |
| Amounts receivable within one year | 40/41 | €3,277 | €641 | -€2,636 | -80.4% |
| Trade receivables | 40 | €3,277 | €641 | -€2,636 | -80.4% |
| Cash at bank and in hand | 54/58 | €219,305 | €212,749 | -€6,556 | -3.0% |
| Total equity and liabilities | 10/49 | €867,683 | €847,577 | -€20,106 | -2.3% |
| Equity | 10/15 | €667,018 | €665,242 | -€1,777 | -0.3% |
| Contributions | 10/11 | €268,459 | €268,459 | = | 0.0% |
| Reserves | 13 | €398,559 | €396,920 | -€1,639 | -0.4% |
| Tax-exempt reserves | 132 | €151,046 | €149,408 | -€1,639 | -1.1% |
| Distributable reserves | 133 | €247,513 | €247,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€138 | -€138 | |
| Provisions and deferred taxes | 16 | €50,349 | €49,802 | -€546 | -1.1% |
| Deferred taxes | 168 | €50,349 | €49,802 | -€546 | -1.1% |
| Amounts payable | 17/49 | €150,316 | €132,533 | -€17,783 | -11.8% |
| Amounts payable within one year | 42/48 | €150,316 | €132,533 | -€17,783 | -11.8% |
| Other amounts payable | 47/48 | €150,316 | €132,533 | -€17,783 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,474 | €23,014 | +€3,540 | +18.2% |
| Other operating charges | 640/8 | €4,406 | €4,728 | +€322 | +7.3% |
| Gross operating margin | 9900 | €19,737 | €25,449 | +€5,711 | +28.9% |
| Operating profit (loss) | 9901 | -€4,142 | -€2,293 | +€1,849 | +44.6% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €106 | €75 | -€31 | -28.9% |
| Recurring financial charges | 65 | €106 | €75 | -€31 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,248 | -€2,323 | +€1,925 | +45.3% |
| Transfer from deferred taxes | 780 | €546 | €546 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€3,701 | -€1,777 | +€1,925 | +52.0% |
| Transfer from tax-exempt reserves | 789 | €1,639 | €1,639 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,063 | -€138 | +€1,925 | +93.3% |
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 7 October 2026 via checked.be.