Kris Goelen: what changed
Kris Goelen
Largest movements
- Tangible fixed assets -€15,354
down €15,354 (-13.2%), from €116,551 to €101,197
of which Furniture and vehicles: -€17,161
- Stocks and contracts +€8,618
up €8,618 (+1,757%), from €491 to €9,109
- Cash -€1,995
down €1,995 (-24.1%), from €8,284 to €6,289
mainly Net result for the year (-€14,106) and Investment in fixed assets (net) (-€9,937)
- Profit (loss) carried forward -€14,106
down €14,106 (-37.6%), from -€37,542 to -€51,648
- Trade debts +€3,171
up €3,171 (+80.8%), from €3,926 to €7,097
- Other debts +€2,216
up €2,216 (+1.4%), from €156,572 to €158,788
- Depreciation -€11,195
down €11,195 (-30.7%), from €36,486 to €25,291
- Other operating charges -€8,392
down €8,392 (-75.8%), from €11,066 to €2,674
- Gross operating margin +€3,817
up €3,817 (+36.8%), from €10,383 to €14,199
- Taxes -€183
down €183 (-38.1%), from €481 to €298
- Financial income -€154
down €154 (-100.0%), from €154 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,188 | €119,795 | -€8,393 | -6.5% |
| Fixed assets | 21/28 | €116,551 | €101,197 | -€15,354 | -13.2% |
| Tangible fixed assets | 22/27 | €116,551 | €101,197 | -€15,354 | -13.2% |
| Land and buildings | 22 | €42,955 | €44,971 | +€2,016 | +4.7% |
| Plant, machinery and equipment | 23 | €6,036 | €5,826 | -€210 | -3.5% |
| Furniture and vehicles | 24 | €67,560 | €50,400 | -€17,161 | -25.4% |
| Current assets | 29/58 | €11,637 | €18,598 | +€6,961 | +59.8% |
| Stocks and contracts in progress | 3 | €491 | €9,109 | +€8,618 | +1,757% |
| Contracts in progress | 37 | €491 | €9,109 | +€8,618 | +1,757% |
| Amounts receivable within one year | 40/41 | €2,597 | €1,725 | -€872 | -33.6% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,597 | €1,725 | +€128 | +8.0% |
| Cash at bank and in hand | 54/58 | €8,284 | €6,289 | -€1,995 | -24.1% |
| Deferred charges and accrued income | 490/1 | €266 | €1,476 | +€1,210 | +455% |
| Total equity and liabilities | 10/49 | €128,188 | €119,795 | -€8,393 | -6.5% |
| Equity | 10/15 | -€34,542 | -€48,648 | -€14,106 | -40.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,542 | -€51,648 | -€14,106 | -37.6% |
| Amounts payable | 17/49 | €162,730 | €168,443 | +€5,713 | +3.5% |
| Amounts payable within one year | 42/48 | €160,979 | €166,664 | +€5,685 | +3.5% |
| Trade debts | 44 | €3,926 | €7,097 | +€3,171 | +80.8% |
| Suppliers | 440/4 | €3,926 | €7,097 | +€3,171 | +80.8% |
| Taxes, remuneration and social security | 45 | €481 | €779 | +€298 | +61.9% |
| Taxes | 450/3 | €481 | €779 | +€298 | +61.9% |
| Other amounts payable | 47/48 | €156,572 | €158,788 | +€2,216 | +1.4% |
| Accrued charges and deferred income | 492/3 | €1,751 | €1,779 | +€28 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,486 | €25,291 | -€11,195 | -30.7% |
| Other operating charges | 640/8 | €11,066 | €2,674 | -€8,392 | -75.8% |
| Gross operating margin | 9900 | €10,383 | €14,199 | +€3,817 | +36.8% |
| Operating profit (loss) | 9901 | -€37,170 | -€13,766 | +€23,404 | +63.0% |
| Financial income | 75/76B | €154 | €0 | -€154 | -100.0% |
| Recurring financial income | 75 | €154 | €0 | -€154 | -100.0% |
| Financial charges | 65/66B | €46 | €42 | -€4 | -7.7% |
| Recurring financial charges | 65 | €46 | €42 | -€4 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,061 | -€13,808 | +€23,253 | +62.7% |
| Income taxes | 67/77 | €481 | €298 | -€183 | -38.1% |
| Profit (loss) for the period | 9904 | -€37,542 | -€14,106 | +€23,436 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,542 | -€14,106 | +€23,436 | +62.4% |
Next steps
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 4 November 2026 via checked.be.