JEAN GOEMAN: 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.
JEAN GOEMAN
Largest movements
- Cash +€64,736
up €64,736 (+181%), from €35,768 to €100,503
mainly Net result for the year (+€92,924) and Debts after one year (+€92,450)
- Tangible fixed assets -€36,093
down €36,093 (-22.8%), from €158,230 to €122,137
of which Furniture and vehicles: -€18,449
- Receivables after one year +€35,000
up €35,000 (+5.8%), from €606,550 to €641,550
- Financial fixed assets +€17,500
up €17,500 (+28.0%), from €62,500 to €80,000
- Receivables within one year -€16,688
down €16,688 (-18.9%), from €88,496 to €71,808
of which Trade receivables: -€16,043
- Debts after one year +€92,450
up €92,450 (+319%), from €28,961 to €121,411
- Current portion of long-term debt -€30,000
no longer reported in 2024 (was €30,000)
- Gross operating margin -€58,991
down €58,991 (-24.5%), from €240,854 to €181,864
- Taxes -€17,857
down €17,857 (-28.8%), from €61,968 to €44,111
- Financial charges +€9,639
up €9,639 (+284%), from €3,396 to €13,035
- Financial income +€4,243
up €4,243 (+149%), from €2,847 to €7,089
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €954,508 | €1,018,962 | +€64,454 | +6.8% |
| Fixed assets | 21/28 | €220,730 | €202,137 | -€18,593 | -8.4% |
| Tangible fixed assets | 22/27 | €158,230 | €122,137 | -€36,093 | -22.8% |
| Furniture and vehicles | 24 | €68,292 | €49,843 | -€18,449 | -27.0% |
| Other tangible fixed assets | 26 | €89,938 | €72,294 | -€17,644 | -19.6% |
| Financial fixed assets | 28 | €62,500 | €80,000 | +€17,500 | +28.0% |
| Current assets | 29/58 | €733,777 | €816,825 | +€83,047 | +11.3% |
| Amounts receivable after more than one year | 29 | €606,550 | €641,550 | +€35,000 | +5.8% |
| Other amounts receivable | 291 | €606,550 | €641,550 | +€35,000 | +5.8% |
| Amounts receivable within one year | 40/41 | €88,496 | €71,808 | -€16,688 | -18.9% |
| Trade receivables | 40 | €87,851 | €71,808 | -€16,043 | -18.3% |
| Other amounts receivable | 41 | €645 | - | -€645 | |
| Cash at bank and in hand | 54/58 | €35,768 | €100,503 | +€64,736 | +181% |
| Deferred charges and accrued income | 490/1 | €2,964 | €2,964 | = | 0.0% |
| Total equity and liabilities | 10/49 | €954,508 | €1,018,962 | +€64,454 | +6.8% |
| Equity | 10/15 | €729,278 | €731,828 | +€2,550 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €710,678 | €713,228 | +€2,550 | +0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €708,818 | €711,368 | +€2,550 | +0.4% |
| Amounts payable | 17/49 | €225,229 | €287,134 | +€61,904 | +27.5% |
| Amounts payable after more than one year | 17 | €28,961 | €121,411 | +€92,450 | +319% |
| Financial debts | 170/4 | €28,961 | €121,411 | +€92,450 | +319% |
| Amounts payable within one year | 42/48 | €195,363 | €164,817 | -€30,546 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €19,540 | €18,224 | -€1,316 | -6.7% |
| Suppliers | 440/4 | €19,540 | €18,224 | -€1,316 | -6.7% |
| Taxes, remuneration and social security | 45 | €120,823 | €114,247 | -€6,576 | -5.4% |
| Taxes | 450/3 | €120,823 | €114,247 | -€6,576 | -5.4% |
| Other amounts payable | 47/48 | - | €7,346 | +€7,346 | |
| Accrued charges and deferred income | 492/3 | €905 | €905 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,505 | €36,093 | -€411 | -1.1% |
| Other operating charges | 640/8 | €4,381 | €2,790 | -€1,591 | -36.3% |
| Gross operating margin | 9900 | €240,854 | €181,864 | -€58,991 | -24.5% |
| Operating profit (loss) | 9901 | €199,969 | €142,980 | -€56,988 | -28.5% |
| Financial income | 75/76B | €2,847 | €7,089 | +€4,243 | +149% |
| Recurring financial income | 75 | €2,847 | €7,089 | +€4,243 | +149% |
| Financial charges | 65/66B | €3,396 | €13,035 | +€9,639 | +284% |
| Recurring financial charges | 65 | €3,396 | €13,035 | +€9,639 | +284% |
| Profit (loss) for the period before taxes | 9903 | €199,419 | €137,035 | -€62,384 | -31.3% |
| Income taxes | 67/77 | €61,968 | €44,111 | -€17,857 | -28.8% |
| Profit (loss) for the period | 9904 | €137,451 | €92,924 | -€44,527 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,451 | €92,924 | -€44,527 | -32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.