K. Goessens: 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.
K. Goessens
Largest movements
- Stocks and contracts -€72,336
down €72,336 (-34.9%), from €207,539 to €135,202
- Cash -€56,470
down €56,470 (-48.6%), from €116,190 to €59,720
mainly Net result for the year (-€95,399) and Investment in fixed assets (net) (-€49,949)
- Receivables within one year +€45,119
up €45,119 (+33.4%), from €134,978 to €180,098
of which Other amounts receivable: +€29,638
- Tangible fixed assets -€17,371
down €17,371 (-5.4%), from €321,945 to €304,573
of which Land and buildings: -€17,576
- Profit (loss) carried forward -€95,399
new in 2025: -€95,399
- Current portion of long-term debt +€33,512
up €33,512 (+60.2%), from €55,703 to €89,215
- Tax, wage and social debts -€30,680
down €30,680 (-53.6%), from €57,195 to €26,515
of which Taxes: -€15,724
- Debts after one year -€28,358
down €28,358 (-12.2%), from €232,837 to €204,479
- Trade debts +€20,647
up €20,647 (+8.9%), from €233,229 to €253,876
- Gross operating margin -€330,235
down €330,235 (-53.3%), from €620,001 to €289,766
- Taxes -€36,460
down €36,460 (-96.8%), from €37,654 to €1,194
- Staff costs -€35,481
down €35,481 (-10.5%), from €337,120 to €301,639
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.
Derived cash bridge
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 | €785,916 | €685,808 | -€100,108 | -12.7% |
| Fixed assets | 21/28 | €327,166 | €310,788 | -€16,378 | -5.0% |
| Intangible fixed assets | 21 | €4,880 | €5,873 | +€993 | +20.3% |
| Tangible fixed assets | 22/27 | €321,945 | €304,573 | -€17,371 | -5.4% |
| Land and buildings | 22 | €209,186 | €191,610 | -€17,576 | -8.4% |
| Plant, machinery and equipment | 23 | €25,531 | €37,127 | +€11,596 | +45.4% |
| Furniture and vehicles | 24 | €87,228 | €75,836 | -€11,391 | -13.1% |
| Financial fixed assets | 28 | €341 | €341 | = | 0.0% |
| Current assets | 29/58 | €458,749 | €375,020 | -€83,729 | -18.3% |
| Stocks and contracts in progress | 3 | €207,539 | €135,202 | -€72,336 | -34.9% |
| Stocks | 30/36 | €207,539 | €135,202 | -€72,336 | -34.9% |
| Amounts receivable within one year | 40/41 | €134,978 | €180,098 | +€45,119 | +33.4% |
| Trade receivables | 40 | €103,374 | €118,856 | +€15,482 | +15.0% |
| Other amounts receivable | 41 | €31,604 | €61,242 | +€29,638 | +93.8% |
| Cash at bank and in hand | 54/58 | €116,190 | €59,720 | -€56,470 | -48.6% |
| Deferred charges and accrued income | 490/1 | €43 | - | -€43 | |
| Total equity and liabilities | 10/49 | €785,916 | €685,808 | -€100,108 | -12.7% |
| Equity | 10/15 | €206,788 | €111,389 | -€95,399 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,188 | €188,188 | = | 0.0% |
| Distributable reserves | 133 | €188,188 | €188,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€95,399 | -€95,399 | |
| Amounts payable | 17/49 | €579,127 | €574,418 | -€4,709 | -0.8% |
| Amounts payable after more than one year | 17 | €232,837 | €204,479 | -€28,358 | -12.2% |
| Financial debts | 170/4 | €232,837 | €204,479 | -€28,358 | -12.2% |
| Amounts payable within one year | 42/48 | €346,290 | €369,924 | +€23,634 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €55,703 | €89,215 | +€33,512 | +60.2% |
| Trade debts | 44 | €233,229 | €253,876 | +€20,647 | +8.9% |
| Suppliers | 440/4 | €233,229 | €253,876 | +€20,647 | +8.9% |
| Taxes, remuneration and social security | 45 | €57,195 | €26,515 | -€30,680 | -53.6% |
| Taxes | 450/3 | €19,200 | €3,476 | -€15,724 | -81.9% |
| Remuneration and social security | 454/9 | €37,996 | €23,040 | -€14,956 | -39.4% |
| Other amounts payable | 47/48 | €163 | €318 | +€155 | +95.2% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Remuneration, social security and pensions | 62 | €337,120 | €301,639 | -€35,481 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,746 | €66,327 | +€3,581 | +5.7% |
| Other operating charges | 640/8 | €4,077 | €7,921 | +€3,844 | +94.3% |
| Non-recurring operating charges | 66A | €295 | €1,065 | +€770 | +261% |
| Gross operating margin | 9900 | €620,001 | €289,766 | -€330,235 | -53.3% |
| Operating profit (loss) | 9901 | €215,763 | -€87,186 | -€302,948 | |
| Financial income | 75/76B | €1,655 | €2,113 | +€458 | +27.6% |
| Recurring financial income | 75 | €1,655 | €2,113 | +€458 | +27.6% |
| Financial charges | 65/66B | €7,586 | €9,132 | +€1,545 | +20.4% |
| Recurring financial charges | 65 | €7,586 | €9,132 | +€1,545 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €209,832 | -€94,205 | -€304,036 | |
| Income taxes | 67/77 | €37,654 | €1,194 | -€36,460 | -96.8% |
| Profit (loss) for the period | 9904 | €172,178 | -€95,399 | -€267,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,178 | -€95,399 | -€267,577 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.