Immo Goethals: 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.
Immo Goethals
Largest movements
- Receivables within one year -€20,243
down €20,243 (-36.1%), from €56,094 to €35,851
- Tangible fixed assets -€12,651
down €12,651 (-79.0%), from €16,019 to €3,368
- Cash -€1,408
down €1,408 (-4.7%), from €30,214 to €28,805
mainly Advances received (-€30,333) and Current portion of long-term debt (-€15,318)
- Advances received -€30,333
down €30,333 (-45.6%), from €66,452 to €36,119
- Current portion of long-term debt -€15,318
down €15,318 (-100.0%), from €15,318 to €0
- Tax, wage and social debts +€8,194
up €8,194 (+129.6%), from €6,324 to €14,518
- Profit (loss) carried forward +€3,196
up €3,196 (+9.4%), from -€34,057 to -€30,861
- Other debts +€1,958
up €1,958 (+8.5%), from €23,034 to €24,992
- Financial charges -€841
down €841 (-59.9%), from €1,405 to €564
- Depreciation -€428
down €428 (-2.5%), from €16,810 to €16,382
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 | €103,624 | €69,327 | -€34,298 | -33.1% |
| Fixed assets | 21/28 | €17,219 | €4,568 | -€12,651 | -73.5% |
| Tangible fixed assets | 22/27 | €16,019 | €3,368 | -€12,651 | -79.0% |
| Furniture and vehicles | 24 | €16,019 | €3,368 | -€12,651 | -79.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €86,405 | €64,758 | -€21,647 | -25.1% |
| Amounts receivable within one year | 40/41 | €56,094 | €35,851 | -€20,243 | -36.1% |
| Trade receivables | 40 | €56,094 | €35,851 | -€20,243 | -36.1% |
| Cash at bank and in hand | 54/58 | €30,214 | €28,805 | -€1,408 | -4.7% |
| Deferred charges and accrued income | 490/1 | €97 | €102 | +€5 | +4.8% |
| Total equity and liabilities | 10/49 | €103,624 | €69,327 | -€34,298 | -33.1% |
| Equity | 10/15 | -€15,457 | -€12,261 | +€3,196 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,057 | -€30,861 | +€3,196 | +9.4% |
| Amounts payable | 17/49 | €119,082 | €81,588 | -€37,494 | -31.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €118,493 | €81,106 | -€37,386 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €15,318 | €0 | -€15,318 | -100.0% |
| Trade debts | 44 | €7,364 | €5,478 | -€1,886 | -25.6% |
| Suppliers | 440/4 | €7,364 | €5,478 | -€1,886 | -25.6% |
| Advances received on contracts in progress | 46 | €66,452 | €36,119 | -€30,333 | -45.6% |
| Taxes, remuneration and social security | 45 | €6,324 | €14,518 | +€8,194 | +129.6% |
| Taxes | 450/3 | €6,324 | €14,518 | +€8,194 | +129.6% |
| Other amounts payable | 47/48 | €23,034 | €24,992 | +€1,958 | +8.5% |
| Accrued charges and deferred income | 492/3 | €589 | €481 | -€108 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,810 | €16,382 | -€428 | -2.5% |
| Other operating charges | 640/8 | €1,693 | €1,704 | +€12 | +0.7% |
| Gross operating margin | 9900 | €21,848 | €22,062 | +€214 | +1.0% |
| Operating profit (loss) | 9901 | €3,346 | €3,976 | +€631 | +18.9% |
| Financial charges | 65/66B | €1,405 | €564 | -€841 | -59.9% |
| Recurring financial charges | 65 | €1,405 | €564 | -€841 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €1,941 | €3,413 | +€1,472 | +75.9% |
| Income taxes | 67/77 | €255 | €216 | -€39 | -15.2% |
| Profit (loss) for the period | 9904 | €1,686 | €3,196 | +€1,511 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,686 | €3,196 | +€1,511 | +89.6% |
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 12 October 2026 via checked.be.