PATRICK GOORTS: 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.
PATRICK GOORTS
Largest movements
- Cash +€16,438
up €16,438 (+276.3%), from €5,950 to €22,388
mainly Other debts (+€35,000) and Depreciation (+€11,524)
- Tangible fixed assets -€7,944
down €7,944 (-19.4%), from €40,950 to €33,006
of which Other tangible fixed assets: -€5,725
- Deferred charges and accrued income -€3,037
down €3,037 (-28.6%), from €10,624 to €7,587
- Reserves -€35,000
down €35,000 (-19.6%), from €178,600 to €143,600
of which Distributable reserves: -€35,000
- Other debts +€35,000
new in 2025: €35,000
- Trade debts +€4,483
up €4,483 (+568.2%), from €789 to €5,272
- Tax, wage and social debts +€2,207
up €2,207 (+83.3%), from €2,650 to €4,856
- Profit (loss) carried forward -€2,116
down €2,116 (-20.4%), from -€10,373 to -€12,489
- Gross operating margin +€7,277
up €7,277, from -€719 to €6,557
- Taxes +€1,451
up €1,451 (+263.4%), from €551 to €2,002
- Financial income -€1,210
down €1,210 (-16.1%), from €7,531 to €6,322
- Depreciation -€522
down €522 (-4.3%), from €12,046 to €11,524
- Other operating charges -€340
down €340 (-21.5%), from €1,579 to €1,239
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 | €191,666 | €196,239 | +€4,573 | +2.4% |
| Fixed assets | 21/28 | €40,950 | €33,006 | -€7,944 | -19.4% |
| Tangible fixed assets | 22/27 | €40,950 | €33,006 | -€7,944 | -19.4% |
| Plant, machinery and equipment | 23 | €948 | €447 | -€501 | -52.8% |
| Furniture and vehicles | 24 | €15,502 | €13,783 | -€1,718 | -11.1% |
| Other tangible fixed assets | 26 | €24,500 | €18,775 | -€5,725 | -23.4% |
| Current assets | 29/58 | €150,717 | €163,233 | +€12,517 | +8.3% |
| Amounts receivable within one year | 40/41 | €9,143 | €8,258 | -€884 | -9.7% |
| Trade receivables | 40 | €8,145 | €6,613 | -€1,532 | -18.8% |
| Other amounts receivable | 41 | €998 | €1,645 | +€648 | +64.9% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,950 | €22,388 | +€16,438 | +276.3% |
| Deferred charges and accrued income | 490/1 | €10,624 | €7,587 | -€3,037 | -28.6% |
| Total equity and liabilities | 10/49 | €191,666 | €196,239 | +€4,573 | +2.4% |
| Equity | 10/15 | €188,228 | €151,111 | -€37,116 | -19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €178,600 | €143,600 | -€35,000 | -19.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €176,600 | €141,600 | -€35,000 | -19.8% |
| Profit (loss) carried forward | 14 | -€10,373 | -€12,489 | -€2,116 | -20.4% |
| Amounts payable | 17/49 | €3,439 | €45,128 | +€41,689 | +1212.4% |
| Amounts payable within one year | 42/48 | €3,439 | €45,128 | +€41,689 | +1212.4% |
| Trade debts | 44 | €789 | €5,272 | +€4,483 | +568.2% |
| Suppliers | 440/4 | €789 | €5,272 | +€4,483 | +568.2% |
| Taxes, remuneration and social security | 45 | €2,650 | €4,856 | +€2,207 | +83.3% |
| Taxes | 450/3 | €2,650 | €4,856 | +€2,207 | +83.3% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,046 | €11,524 | -€522 | -4.3% |
| Other operating charges | 640/8 | €1,579 | €1,239 | -€340 | -21.5% |
| Gross operating margin | 9900 | -€719 | €6,557 | +€7,277 | |
| Operating profit (loss) | 9901 | -€14,345 | -€6,206 | +€8,139 | +56.7% |
| Financial income | 75/76B | €7,531 | €6,322 | -€1,210 | -16.1% |
| Recurring financial income | 75 | €7,531 | €6,322 | -€1,210 | -16.1% |
| Financial charges | 65/66B | €247 | €230 | -€17 | -6.8% |
| Recurring financial charges | 65 | €247 | €230 | -€17 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,060 | -€114 | +€6,946 | +98.4% |
| Income taxes | 67/77 | €551 | €2,002 | +€1,451 | +263.4% |
| Profit (loss) for the period | 9904 | -€7,611 | -€2,116 | +€5,494 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,611 | -€2,116 | +€5,494 | +72.2% |
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 3 October 2026 via checked.be.