NEW GOFFIN: 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.
NEW GOFFIN
Largest movements
- Tangible fixed assets +€355,654
up €355,654 (+291.4%), from €122,070 to €477,724
of which Other tangible fixed assets: +€292,323
- Cash -€226,456
down €226,456 (-27.7%), from €817,389 to €590,933
mainly Investment in fixed assets (net) (-€397,660) and Stocks and contracts (-€168,080)
- Stocks and contracts +€168,080
up €168,080 (+36.7%), from €457,759 to €625,839
- Profit (loss) carried forward +€232,125
up €232,125 (+7.4%), from €3.1m to €3.4m
- Trade debts +€47,449
up €47,449 (+7.4%), from €645,178 to €692,627
- Staff costs +€33,042
up €33,042 (+6.9%), from €476,186 to €509,228
- Other operating charges +€31,724
up €31,724 (+207.4%), from €15,297 to €47,021
- Taxes -€19,627
down €19,627 (-18.9%), from €103,973 to €84,346
- Depreciation +€12,250
up €12,250 (+30.3%), from €40,418 to €52,668
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 | €4,374,567 | €4,620,857 | +€246,290 | +5.6% |
| Fixed assets | 21/28 | €139,187 | €484,179 | +€344,992 | +247.9% |
| Tangible fixed assets | 22/27 | €122,070 | €477,724 | +€355,654 | +291.4% |
| Plant, machinery and equipment | 23 | €568 | €24,488 | +€23,921 | +4213.5% |
| Furniture and vehicles | 24 | €64,458 | €103,869 | +€39,411 | +61.1% |
| Other tangible fixed assets | 26 | €57,045 | €349,367 | +€292,323 | +512.4% |
| Financial fixed assets | 28 | €17,117 | €6,455 | -€10,662 | -62.3% |
| Current assets | 29/58 | €4,235,380 | €4,136,677 | -€98,702 | -2.3% |
| Stocks and contracts in progress | 3 | €457,759 | €625,839 | +€168,080 | +36.7% |
| Stocks | 30/36 | €457,759 | €625,839 | +€168,080 | +36.7% |
| Amounts receivable within one year | 40/41 | €2,936,459 | €2,908,047 | -€28,412 | -1.0% |
| Trade receivables | 40 | €1,117,522 | €1,125,020 | +€7,499 | +0.7% |
| Other amounts receivable | 41 | €1,818,938 | €1,783,026 | -€35,911 | -2.0% |
| Cash at bank and in hand | 54/58 | €817,389 | €590,933 | -€226,456 | -27.7% |
| Deferred charges and accrued income | 490/1 | €23,773 | €11,859 | -€11,914 | -50.1% |
| Total equity and liabilities | 10/49 | €4,374,567 | €4,620,857 | +€246,290 | +5.6% |
| Equity | 10/15 | €3,383,239 | €3,615,364 | +€232,125 | +6.9% |
| Contributions | 10/11 | €177,500 | €177,500 | = | 0.0% |
| Capital | 10 | €177,500 | €177,500 | = | 0.0% |
| Issued capital | 100 | €177,500 | €177,500 | = | 0.0% |
| Reserves | 13 | €72,526 | €72,526 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,750 | €17,750 | = | 0.0% |
| Legal reserve | 130 | €17,750 | €17,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,713 | €2,713 | = | 0.0% |
| Distributable reserves | 133 | €52,063 | €52,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,133,214 | €3,365,339 | +€232,125 | +7.4% |
| Amounts payable | 17/49 | €991,327 | €1,005,492 | +€14,165 | +1.4% |
| Amounts payable within one year | 42/48 | €991,327 | €1,005,492 | +€14,165 | +1.4% |
| Trade debts | 44 | €645,178 | €692,627 | +€47,449 | +7.4% |
| Suppliers | 440/4 | €645,178 | €692,627 | +€47,449 | +7.4% |
| Taxes, remuneration and social security | 45 | €133,072 | €100,206 | -€32,865 | -24.7% |
| Taxes | 450/3 | €88,676 | €55,208 | -€33,468 | -37.7% |
| Remuneration and social security | 454/9 | €44,395 | €44,998 | +€603 | +1.4% |
| Other amounts payable | 47/48 | €213,078 | €212,659 | -€419 | -0.2% |
| Non-recurring operating income | 76A | - | €5,010 | +€5,010 | |
| Remuneration, social security and pensions | 62 | €476,186 | €509,228 | +€33,042 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,418 | €52,668 | +€12,250 | +30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,453 | - | -€5,453 | |
| Other operating charges | 640/8 | €15,297 | €47,021 | +€31,724 | +207.4% |
| Gross operating margin | 9900 | €902,817 | €906,911 | +€4,094 | +0.5% |
| Operating profit (loss) | 9901 | €365,464 | €297,995 | -€67,469 | -18.5% |
| Financial income | 75/76B | €30,133 | €28,893 | -€1,241 | -4.1% |
| Recurring financial income | 75 | €30,133 | €28,893 | -€1,241 | -4.1% |
| Financial charges | 65/66B | €12,335 | €10,416 | -€1,918 | -15.6% |
| Recurring financial charges | 65 | €12,335 | €10,416 | -€1,918 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €383,263 | €316,471 | -€66,792 | -17.4% |
| Income taxes | 67/77 | €103,973 | €84,346 | -€19,627 | -18.9% |
| Profit (loss) for the period | 9904 | €279,289 | €232,125 | -€47,164 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €279,289 | €232,125 | -€47,164 | -16.9% |
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.