Robert 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.
Robert Goffin
Largest movements
- Receivables within one year -€64,051
down €64,051 (-25.7%), from €248,795 to €184,744
of which Trade receivables: -€102,236
- Tangible fixed assets -€24,125
down €24,125 (-13.9%), from €173,477 to €149,353
of which Furniture and vehicles: -€13,368
- Deferred charges and accrued income -€18,040
down €18,040 (-54.5%), from €33,124 to €15,083
- Cash -€6,624
down €6,624 (-17.9%), from €36,954 to €30,330
mainly Contributions, distributions and other (-€177,833) and Tax, wage and social debts (-€32,943)
- Tax, wage and social debts -€32,943
down €32,943 (-60.0%), from €54,918 to €21,976
of which Taxes: -€32,943
- Current portion of long-term debt -€29,155
down €29,155 (-41.2%), from €70,813 to €41,658
- Advances received -€28,621
no longer reported in 2025 (was €28,621)
- Debts after one year -€21,658
down €21,658 (-62.4%), from €34,695 to €13,037
- Other debts +€7,833
up €7,833 (+4.6%), from €170,000 to €177,833
- Gross operating margin -€24,310
down €24,310 (-7.9%), from €309,612 to €285,302
- Depreciation +€15,514
up €15,514 (+57.5%), from €26,985 to €42,499
- Financial charges -€7,295
down €7,295 (-60.1%), from €12,134 to €4,839
- Taxes -€4,133
down €4,133 (-6.0%), from €68,492 to €64,359
- Other operating charges -€4,044
down €4,044 (-84.7%), from €4,776 to €732
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 | €517,699 | €409,595 | -€108,104 | -20.9% |
| Fixed assets | 21/28 | €173,477 | €149,353 | -€24,125 | -13.9% |
| Tangible fixed assets | 22/27 | €173,477 | €149,353 | -€24,125 | -13.9% |
| Land and buildings | 22 | €34,470 | €30,446 | -€4,024 | -11.7% |
| Plant, machinery and equipment | 23 | €28,839 | €24,889 | -€3,950 | -13.7% |
| Furniture and vehicles | 24 | €86,323 | €72,955 | -€13,368 | -15.5% |
| Other tangible fixed assets | 26 | €23,845 | €21,063 | -€2,783 | -11.7% |
| Current assets | 29/58 | €344,222 | €260,242 | -€83,980 | -24.4% |
| Amounts receivable within one year | 40/41 | €248,795 | €184,744 | -€64,051 | -25.7% |
| Trade receivables | 40 | €217,343 | €115,107 | -€102,236 | -47.0% |
| Other amounts receivable | 41 | €31,452 | €69,637 | +€38,185 | +121.4% |
| Current investments | 50/53 | €25,349 | €30,084 | +€4,736 | +18.7% |
| Cash at bank and in hand | 54/58 | €36,954 | €30,330 | -€6,624 | -17.9% |
| Deferred charges and accrued income | 490/1 | €33,124 | €15,083 | -€18,040 | -54.5% |
| Total equity and liabilities | 10/49 | €517,699 | €409,595 | -€108,104 | -20.9% |
| Equity | 10/15 | €104,420 | €104,420 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,820 | €85,820 | = | 0.0% |
| 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 | €83,960 | €83,960 | = | 0.0% |
| Amounts payable | 17/49 | €413,279 | €305,174 | -€108,104 | -26.2% |
| Amounts payable after more than one year | 17 | €34,695 | €13,037 | -€21,658 | -62.4% |
| Financial debts | 170/4 | €34,695 | €13,037 | -€21,658 | -62.4% |
| Amounts payable within one year | 42/48 | €360,572 | €281,232 | -€79,340 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €70,813 | €41,658 | -€29,155 | -41.2% |
| Trade debts | 44 | €36,219 | €39,765 | +€3,546 | +9.8% |
| Suppliers | 440/4 | €36,219 | €39,765 | +€3,546 | +9.8% |
| Advances received on contracts in progress | 46 | €28,621 | - | -€28,621 | |
| Taxes, remuneration and social security | 45 | €54,918 | €21,976 | -€32,943 | -60.0% |
| Taxes | 450/3 | €54,918 | €21,976 | -€32,943 | -60.0% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €170,000 | €177,833 | +€7,833 | +4.6% |
| Accrued charges and deferred income | 492/3 | €18,012 | €10,905 | -€7,107 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,985 | €42,499 | +€15,514 | +57.5% |
| Other operating charges | 640/8 | €4,776 | €732 | -€4,044 | -84.7% |
| Gross operating margin | 9900 | €309,612 | €285,302 | -€24,310 | -7.9% |
| Operating profit (loss) | 9901 | €277,851 | €242,071 | -€35,780 | -12.9% |
| Financial income | 75/76B | €5,487 | €4,960 | -€527 | -9.6% |
| Recurring financial income | 75 | €5,487 | €4,960 | -€527 | -9.6% |
| Financial charges | 65/66B | €12,134 | €4,839 | -€7,295 | -60.1% |
| Recurring financial charges | 65 | €12,134 | €4,839 | -€7,295 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €271,205 | €242,192 | -€29,012 | -10.7% |
| Income taxes | 67/77 | €68,492 | €64,359 | -€4,133 | -6.0% |
| Profit (loss) for the period | 9904 | €202,713 | €177,833 | -€24,880 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €202,713 | €177,833 | -€24,880 | -12.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.