J.M. GOFFIN: what changed
What changed
J.M. GOFFIN
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€19,629
2024 · €1,249+€18,379
Equity
€928,673
2024 · €1.0m-€86,371
Cash
€6,098
2024 · €21,345-€15,246
Balance sheet total
€1.0m
2024 · €1.1m-€36,024
Largest movements
Assets
- Tangible fixed assets -€25,978
down €25,978 (-29.1%), from €89,319 to €63,341
of which Land and buildings: -€21,986
- Deferred charges and accrued income +€20,580
up €20,580 (+137%), from €15,005 to €35,585
- Cash -€15,246
down €15,246 (-71.4%), from €21,345 to €6,098
mainly Contributions, distributions and other (-€106,000) and Deferred charges and accrued income (-€20,580)
- Stocks and contracts -€13,774
down €13,774 (-35.2%), from €39,178 to €25,404
Equity and liabilities
- Reserves -€86,400
down €86,400 (-12.3%), from €702,440 to €616,040
of which Distributable reserves: -€86,400
- Other debts +€67,500
up €67,500 (+175%), from €38,500 to €106,000
- Tax, wage and social debts -€12,955
down €12,955 (-81.6%), from €15,869 to €2,913
Income statement
- Purchases and services +€42,447
new in 2025: €42,447
- Gross operating margin +€30,318
up €30,318 (+370%), from €8,203 to €38,522
- Turnover +€17,971
new in 2025: €17,971
- Taxes +€8,989
up €8,989 (+845%), from €1,064 to €10,054
- Financial income -€4,884
down €4,884 (-16.6%), from €29,442 to €24,557
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
€1,249
Gross operating margin
+€30,318
Staff costs
+€76
Depreciation
+€639
Other operating charges
+€1,010
Financial income
-€4,884
Financial charges
+€209
Taxes
-€8,989
Result 2025
€19,629
raises the resultlowers the result
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
+€94,203
Investment
+€133
Financing
-€109,582
Cash 2024
€21,345
From operations (derived)
+€94,203
Net result for the year
+€19,629
Depreciation
+€25,978
Stocks and contracts
+€13,774
Receivables within one year
+€1,473
Deferred charges and accrued income
-€20,580
Trade debts
-€616
Tax, wage and social debts
-€12,955
Other debts
+€67,500
Investment (derived)
+€133
Current investments
+€133
Financing
-€109,582
Debts after one year
-€1,539
Current portion of long-term debt
-€2,043
Contributions, distributions and other
-€106,000
Cash 2025
€6,098
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,078,649 | €1,042,625 | -€36,024 | -3.3% |
| Fixed assets | 21/28 | €89,319 | €63,341 | -€25,978 | -29.1% |
| Tangible fixed assets | 22/27 | €89,319 | €63,341 | -€25,978 | -29.1% |
| Land and buildings | 22 | €82,546 | €60,560 | -€21,986 | -26.6% |
| Furniture and vehicles | 24 | €2,027 | €1,385 | -€642 | -31.7% |
| Leasing and similar rights | 25 | €4,746 | €1,396 | -€3,350 | -70.6% |
| Current assets | 29/58 | €989,330 | €979,284 | -€10,047 | -1.0% |
| Stocks and contracts in progress | 3 | €39,178 | €25,404 | -€13,774 | -35.2% |
| Stocks | 30/36 | €39,178 | €25,404 | -€13,774 | -35.2% |
| Amounts receivable within one year | 40/41 | €258,894 | €257,421 | -€1,473 | -0.6% |
| Trade receivables | 40 | €1,863 | €3,011 | +€1,148 | +61.6% |
| Other amounts receivable | 41 | €257,031 | €254,410 | -€2,621 | -1.0% |
| Current investments | 50/53 | €654,909 | €654,776 | -€133 | 0.0% |
| Cash at bank and in hand | 54/58 | €21,345 | €6,098 | -€15,246 | -71.4% |
| Deferred charges and accrued income | 490/1 | €15,005 | €35,585 | +€20,580 | +137% |
| Total equity and liabilities | 10/49 | €1,078,649 | €1,042,625 | -€36,024 | -3.3% |
| Equity | 10/15 | €1,015,044 | €928,673 | -€86,371 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €702,440 | €616,040 | -€86,400 | -12.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €696,240 | €609,840 | -€86,400 | -12.4% |
| Profit (loss) carried forward | 14 | €250,604 | €250,633 | +€29 | 0.0% |
| Amounts payable | 17/49 | €63,605 | €113,952 | +€50,347 | +79.2% |
| Amounts payable after more than one year | 17 | €1,539 | €0 | -€1,539 | -100% |
| Financial debts | 170/4 | €1,539 | €0 | -€1,539 | -100% |
| Amounts payable within one year | 42/48 | €58,566 | €110,452 | +€51,886 | +88.6% |
| Current portion of amounts payable after more than one year | 42 | €3,582 | €1,539 | -€2,043 | -57.0% |
| Trade debts | 44 | €616 | €0 | -€616 | -100% |
| Suppliers | 440/4 | €616 | €0 | -€616 | -100% |
| Taxes, remuneration and social security | 45 | €15,869 | €2,913 | -€12,955 | -81.6% |
| Taxes | 450/3 | €15,869 | €2,913 | -€12,955 | -81.6% |
| Other amounts payable | 47/48 | €38,500 | €106,000 | +€67,500 | +175% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Turnover | 70 | - | €17,971 | +€17,971 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €42,447 | +€42,447 | |
| Remuneration, social security and pensions | 62 | €76 | €0 | -€76 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,617 | €25,978 | -€639 | -2.4% |
| Other operating charges | 640/8 | €7,892 | €6,882 | -€1,010 | -12.8% |
| Gross operating margin | 9900 | €8,203 | €38,522 | +€30,318 | +370% |
| Operating profit (loss) | 9901 | -€26,382 | €5,662 | +€32,044 | |
| Financial income | 75/76B | €29,442 | €24,557 | -€4,884 | -16.6% |
| Recurring financial income | 75 | €29,442 | €24,557 | -€4,884 | -16.6% |
| Financial charges | 65/66B | €747 | €537 | -€209 | -28.0% |
| Recurring financial charges | 65 | €747 | €537 | -€209 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €2,314 | €29,682 | +€27,369 | +1,183% |
| Income taxes | 67/77 | €1,064 | €10,054 | +€8,989 | +845% |
| Profit (loss) for the period | 9904 | €1,249 | €19,629 | +€18,379 | +1,471% |
| Profit (loss) for the period to be appropriated | 9905 | €1,249 | €19,629 | +€18,379 | +1,471% |
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 6 November 2026 via checked.be.