LE GOZ'EAU: what changed
Two fiscal 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.
LE GOZ'EAU
Largest movements
- Tangible fixed assets -€26,010
down €26,010 (-14.0%), from €185,445 to €159,435
of which Plant, machinery and equipment: -€13,713
- Cash +€12,862
up €12,862 (+21.7%), from €59,263 to €72,125
mainly Depreciation (+€31,251) and Trade debts (+€13,452)
- Stocks and contracts -€11,390
down €11,390 (-21.6%), from €52,759 to €41,368
- Deferred charges and accrued income +€4,413
up €4,413 (+152.7%), from €2,889 to €7,303
- Receivables within one year +€4,015
up €4,015 (+10.6%), from €37,822 to €41,837
of which Trade receivables: +€5,084
- Other debts -€22,439
down €22,439 (-37.7%), from €59,461 to €37,022
- Trade debts +€13,452
up €13,452 (+146.0%), from €9,214 to €22,666
- Debts after one year -€8,579
down €8,579 (-66.4%), from €12,926 to €4,347
- Reserves +€6,435
up €6,435 (+2.8%), from €228,031 to €234,466
- Tax, wage and social debts -€5,131
down €5,131 (-36.9%), from €13,918 to €8,788
of which Taxes: -€4,355
- Gross operating margin -€25,151
down €25,151 (-33.9%), from €74,119 to €48,968
- Financial charges -€7,233
down €7,233 (-68.0%), from €10,642 to €3,408
- Taxes -€2,931
down €2,931 (-51.7%), from €5,670 to €2,739
- Depreciation -€2,841
down €2,841 (-8.3%), from €34,093 to €31,251
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 | €338,178 | €322,068 | -€16,110 | -4.8% |
| Fixed assets | 21/28 | €185,445 | €159,435 | -€26,010 | -14.0% |
| Tangible fixed assets | 22/27 | €185,445 | €159,435 | -€26,010 | -14.0% |
| Land and buildings | 22 | €87,459 | €82,038 | -€5,420 | -6.2% |
| Plant, machinery and equipment | 23 | €87,786 | €74,073 | -€13,713 | -15.6% |
| Furniture and vehicles | 24 | €10,201 | €3,324 | -€6,877 | -67.4% |
| Current assets | 29/58 | €152,733 | €162,632 | +€9,900 | +6.5% |
| Stocks and contracts in progress | 3 | €52,759 | €41,368 | -€11,390 | -21.6% |
| Stocks | 30/36 | €52,759 | €41,368 | -€11,390 | -21.6% |
| Amounts receivable within one year | 40/41 | €37,822 | €41,837 | +€4,015 | +10.6% |
| Trade receivables | 40 | €33,492 | €38,576 | +€5,084 | +15.2% |
| Other amounts receivable | 41 | €4,330 | €3,261 | -€1,069 | -24.7% |
| Cash at bank and in hand | 54/58 | €59,263 | €72,125 | +€12,862 | +21.7% |
| Deferred charges and accrued income | 490/1 | €2,889 | €7,303 | +€4,413 | +152.7% |
| Total equity and liabilities | 10/49 | €338,178 | €322,068 | -€16,110 | -4.8% |
| Equity | 10/15 | €234,231 | €240,666 | +€6,435 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,031 | €234,466 | +€6,435 | +2.8% |
| Distributable reserves | 133 | €228,031 | €234,466 | +€6,435 | +2.8% |
| Amounts payable | 17/49 | €103,947 | €81,402 | -€22,545 | -21.7% |
| Amounts payable after more than one year | 17 | €12,926 | €4,347 | -€8,579 | -66.4% |
| Financial debts | 170/4 | €12,926 | €4,347 | -€8,579 | -66.4% |
| Amounts payable within one year | 42/48 | €91,021 | €77,054 | -€13,966 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €8,427 | €8,579 | +€151 | +1.8% |
| Trade debts | 44 | €9,214 | €22,666 | +€13,452 | +146.0% |
| Suppliers | 440/4 | €9,214 | €22,666 | +€13,452 | +146.0% |
| Taxes, remuneration and social security | 45 | €13,918 | €8,788 | -€5,131 | -36.9% |
| Taxes | 450/3 | €12,215 | €7,861 | -€4,355 | -35.6% |
| Remuneration and social security | 454/9 | €1,703 | €927 | -€776 | -45.6% |
| Other amounts payable | 47/48 | €59,461 | €37,022 | -€22,439 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,093 | €31,251 | -€2,841 | -8.3% |
| Other operating charges | 640/8 | €6,105 | €5,545 | -€559 | -9.2% |
| Gross operating margin | 9900 | €74,119 | €48,968 | -€25,151 | -33.9% |
| Operating profit (loss) | 9901 | €33,922 | €12,171 | -€21,751 | -64.1% |
| Financial income | 75/76B | €224 | €411 | +€186 | +83.1% |
| Recurring financial income | 75 | €224 | €411 | +€186 | +83.1% |
| Financial charges | 65/66B | €10,642 | €3,408 | -€7,233 | -68.0% |
| Recurring financial charges | 65 | €10,642 | €3,408 | -€7,233 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €23,505 | €9,174 | -€14,331 | -61.0% |
| Income taxes | 67/77 | €5,670 | €2,739 | -€2,931 | -51.7% |
| Profit (loss) for the period | 9904 | €17,835 | €6,435 | -€11,400 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,835 | €6,435 | -€11,400 | -63.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.