JUSTINE GOFFINET: 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.
JUSTINE GOFFINET
Largest movements
- Cash +€21,797
up €21,797 (+1089.9%), from €2,000 to €23,797
mainly Receivables within one year (+€15,824) and Net result for the year (+€13,309)
- Receivables within one year -€15,824
down €15,824 (-64.5%), from €24,549 to €8,725
- Tangible fixed assets +€7,750
up €7,750 (+1557.1%), from €498 to €8,248
- Formation expenses +€995
new in 2025: €995
- Profit (loss) carried forward +€13,309
up €13,309 (+70.3%), from €18,939 to €32,248
- Tax, wage and social debts +€1,377
up €1,377 (+21.7%), from €6,342 to €7,719
- Depreciation +€4,725
up €4,725 (+210949.1%), from €2 to €4,728
- Gross operating margin -€2,509
down €2,509 (-9.9%), from €25,402 to €22,893
- Taxes -€1,652
down €1,652 (-26.1%), from €6,342 to €4,690
- Other operating charges +€541
up €541 (+296.4%), from €183 to €724
- Financial income +€540
up €540 (+847.5%), from €64 to €604
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 | €27,281 | €42,255 | +€14,974 | +54.9% |
| Formation expenses | 20 | - | €995 | +€995 | |
| Fixed assets | 21/28 | €498 | €8,248 | +€7,750 | +1557.1% |
| Tangible fixed assets | 22/27 | €498 | €8,248 | +€7,750 | +1557.1% |
| Furniture and vehicles | 24 | €498 | €8,248 | +€7,750 | +1557.1% |
| Current assets | 29/58 | €26,783 | €33,012 | +€6,229 | +23.3% |
| Amounts receivable within one year | 40/41 | €24,549 | €8,725 | -€15,824 | -64.5% |
| Other amounts receivable | 41 | €24,549 | €8,725 | -€15,824 | -64.5% |
| Cash at bank and in hand | 54/58 | €2,000 | €23,797 | +€21,797 | +1089.9% |
| Deferred charges and accrued income | 490/1 | €234 | €490 | +€256 | +109.0% |
| Total equity and liabilities | 10/49 | €27,281 | €42,255 | +€14,974 | +54.9% |
| Equity | 10/15 | €20,939 | €34,248 | +€13,309 | +63.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,939 | €32,248 | +€13,309 | +70.3% |
| Amounts payable | 17/49 | €6,342 | €8,007 | +€1,665 | +26.3% |
| Amounts payable within one year | 42/48 | €6,342 | €8,007 | +€1,665 | +26.3% |
| Trade debts | 44 | - | €288 | +€288 | |
| Suppliers | 440/4 | - | €288 | +€288 | |
| Taxes, remuneration and social security | 45 | €6,342 | €7,719 | +€1,377 | +21.7% |
| Taxes | 450/3 | €6,342 | €7,719 | +€1,377 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2 | €4,728 | +€4,725 | +210949.1% |
| Other operating charges | 640/8 | €183 | €724 | +€541 | +296.4% |
| Gross operating margin | 9900 | €25,402 | €22,893 | -€2,509 | -9.9% |
| Operating profit (loss) | 9901 | €25,217 | €17,442 | -€7,776 | -30.8% |
| Financial income | 75/76B | €64 | €604 | +€540 | +847.5% |
| Recurring financial income | 75 | €64 | €604 | +€540 | +847.5% |
| Financial charges | 65/66B | - | €47 | +€47 | |
| Recurring financial charges | 65 | - | €47 | +€47 | |
| Profit (loss) for the period before taxes | 9903 | €25,281 | €17,999 | -€7,283 | -28.8% |
| Income taxes | 67/77 | €6,342 | €4,690 | -€1,652 | -26.1% |
| Profit (loss) for the period | 9904 | €18,939 | €13,309 | -€5,630 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,939 | €13,309 | -€5,630 | -29.7% |
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.