Prof. Dr. Goethals K.: 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.
Prof. Dr. Goethals K.
Largest movements
- Cash -€35,072
down €35,072 (-48.5%), from €72,321 to €37,249
mainly Contributions, distributions and other (-€146,000) and Deferred charges and accrued income (-€908)
- Receivables within one year -€24,593
down €24,593 (-82.3%), from €29,875 to €5,281
of which Other amounts receivable: -€23,853
- Tangible fixed assets -€17,156
down €17,156 (-41.0%), from €41,798 to €24,642
of which Furniture and vehicles: -€9,710
- Profit (loss) carried forward -€101,211
down €101,211 (-69.3%), from €146,133 to €44,923
- Other debts +€24,388
new in 2025: €24,388
- Gross operating margin +€9,949
up €9,949 (+15.1%), from €65,686 to €75,636
- Taxes +€1,818
up €1,818 (+15.9%), from €11,450 to €13,269
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 | €147,756 | €71,843 | -€75,913 | -51.4% |
| Fixed assets | 21/28 | €41,798 | €24,642 | -€17,156 | -41.0% |
| Tangible fixed assets | 22/27 | €41,798 | €24,642 | -€17,156 | -41.0% |
| Furniture and vehicles | 24 | €11,395 | €1,685 | -€9,710 | -85.2% |
| Other tangible fixed assets | 26 | €30,403 | €22,957 | -€7,446 | -24.5% |
| Current assets | 29/58 | €105,958 | €47,201 | -€58,757 | -55.5% |
| Amounts receivable within one year | 40/41 | €29,875 | €5,281 | -€24,593 | -82.3% |
| Trade receivables | 40 | €740 | - | -€740 | |
| Other amounts receivable | 41 | €29,134 | €5,281 | -€23,853 | -81.9% |
| Cash at bank and in hand | 54/58 | €72,321 | €37,249 | -€35,072 | -48.5% |
| Deferred charges and accrued income | 490/1 | €3,763 | €4,671 | +€908 | +24.1% |
| Total equity and liabilities | 10/49 | €147,756 | €71,843 | -€75,913 | -51.4% |
| Equity | 10/15 | €147,133 | €45,923 | -€101,211 | -68.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,133 | €44,923 | -€101,211 | -69.3% |
| Amounts payable | 17/49 | €623 | €25,921 | +€25,298 | +4,064% |
| Amounts payable within one year | 42/48 | €623 | €25,921 | +€25,298 | +4,064% |
| Trade debts | 44 | €623 | €1,533 | +€910 | +146% |
| Suppliers | 440/4 | €623 | €1,533 | +€910 | +146% |
| Other amounts payable | 47/48 | - | €24,388 | +€24,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,124 | €17,156 | +€32 | +0.2% |
| Other operating charges | 640/8 | €624 | €173 | -€451 | -72.3% |
| Gross operating margin | 9900 | €65,686 | €75,636 | +€9,949 | +15.1% |
| Operating profit (loss) | 9901 | €47,938 | €58,307 | +€10,369 | +21.6% |
| Financial income | 75/76B | €701 | €9 | -€692 | -98.7% |
| Recurring financial income | 75 | €701 | €9 | -€692 | -98.7% |
| Financial charges | 65/66B | €69 | €258 | +€189 | +273% |
| Recurring financial charges | 65 | €69 | €258 | +€189 | +273% |
| Profit (loss) for the period before taxes | 9903 | €48,570 | €58,058 | +€9,488 | +19.5% |
| Income taxes | 67/77 | €11,450 | €13,269 | +€1,818 | +15.9% |
| Profit (loss) for the period | 9904 | €37,120 | €44,789 | +€7,670 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,120 | €44,789 | +€7,670 | +20.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.