Laurent GOBLET Management: 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.
Laurent GOBLET Management
Largest movements
- Deferred charges and accrued income +€45,210
up €45,210, from €0 to €45,210
- Receivables within one year +€18,176
up €18,176 (+17.0%), from €107,130 to €125,306
of which Trade receivables: +€18,173
- Reserves +€82,781
up €82,781 (+86.5%), from €95,735 to €178,515
of which Distributable reserves: +€82,781
- Debts after one year -€31,740
down €31,740 (-3.6%), from €889,342 to €857,603
of which Financial debts: -€41,232
- Gross operating margin +€25,956
up €25,956 (+28.9%), from €89,710 to €115,666
- Taxes +€7,993
up €7,993 (+46.5%), from €17,197 to €25,190
- Financial charges -€2,385
down €2,385 (-8.0%), from €29,877 to €27,492
of which Non-recurring financial charges: -€4,400
- Other operating charges -€1,569
down €1,569 (-35.0%), from €4,487 to €2,919
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 | €1,165,971 | €1,227,132 | +€61,161 | +5.2% |
| Fixed assets | 21/28 | €1,047,426 | €1,037,430 | -€9,996 | -1.0% |
| Tangible fixed assets | 22/27 | €422,426 | €412,430 | -€9,996 | -2.4% |
| Land and buildings | 22 | €420,616 | €411,031 | -€9,586 | -2.3% |
| Plant, machinery and equipment | 23 | €1,810 | €1,400 | -€410 | -22.7% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €118,544 | €189,701 | +€71,157 | +60.0% |
| Amounts receivable within one year | 40/41 | €107,130 | €125,306 | +€18,176 | +17.0% |
| Trade receivables | 40 | €105,280 | €123,453 | +€18,173 | +17.3% |
| Other amounts receivable | 41 | €1,850 | €1,853 | +€3 | +0.2% |
| Cash at bank and in hand | 54/58 | €11,415 | €19,186 | +€7,771 | +68.1% |
| Deferred charges and accrued income | 490/1 | €0 | €45,210 | +€45,210 | |
| Total equity and liabilities | 10/49 | €1,165,971 | €1,227,132 | +€61,161 | +5.2% |
| Equity | 10/15 | €195,435 | €278,216 | +€82,781 | +42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,735 | €178,515 | +€82,781 | +86.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,875 | €176,655 | +€82,781 | +88.2% |
| Profit (loss) carried forward | 14 | €81,101 | €81,101 | = | 0.0% |
| Amounts payable | 17/49 | €970,535 | €948,916 | -€21,619 | -2.2% |
| Amounts payable after more than one year | 17 | €889,342 | €857,603 | -€31,740 | -3.6% |
| Financial debts | 170/4 | €594,487 | €553,255 | -€41,232 | -6.9% |
| Other amounts payable | 178/9 | €294,855 | €304,347 | +€9,492 | +3.2% |
| Amounts payable within one year | 42/48 | €61,568 | €69,470 | +€7,902 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €40,700 | €41,232 | +€532 | +1.3% |
| Trade debts | 44 | €1,896 | €3,368 | +€1,472 | +77.6% |
| Suppliers | 440/4 | €1,896 | €3,368 | +€1,472 | +77.6% |
| Taxes, remuneration and social security | 45 | €18,972 | €24,870 | +€5,898 | +31.1% |
| Taxes | 450/3 | €18,972 | €24,870 | +€5,898 | +31.1% |
| Accrued charges and deferred income | 492/3 | €19,625 | €21,843 | +€2,218 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,325 | €22,496 | +€171 | +0.8% |
| Other operating charges | 640/8 | €4,487 | €2,919 | -€1,569 | -35.0% |
| Gross operating margin | 9900 | €89,710 | €115,666 | +€25,956 | +28.9% |
| Operating profit (loss) | 9901 | €62,898 | €90,252 | +€27,354 | +43.5% |
| Financial income | 75/76B | €45,210 | €45,210 | = | 0.0% |
| Recurring financial income | 75 | €45,210 | €45,210 | = | 0.0% |
| Financial charges | 65/66B | €29,877 | €27,492 | -€2,385 | -8.0% |
| Recurring financial charges | 65 | €25,477 | €27,492 | +€2,015 | +7.9% |
| Non-recurring financial charges | 66B | €4,400 | €0 | -€4,400 | -100% |
| Profit (loss) for the period before taxes | 9903 | €78,231 | €107,970 | +€29,739 | +38.0% |
| Income taxes | 67/77 | €17,197 | €25,190 | +€7,993 | +46.5% |
| Profit (loss) for the period | 9904 | €61,035 | €82,781 | +€21,746 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,035 | €82,781 | +€21,746 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.