't Gouden Hooft: what changed
't Gouden Hooft
Largest movements
- Tangible fixed assets +€168,401
up €168,401 (+75.8%), from €222,033 to €390,434
of which Other tangible fixed assets: +€183,201
- Cash -€41,982
down €41,982 (-85.7%), from €48,963 to €6,981
mainly Investment in fixed assets (net) (-€194,505) and Contributions, distributions and other (-€20,729)
- Receivables within one year +€4,649
up €4,649 (+1,703%), from €273 to €4,922
- Debts after one year +€66,667
new in 2025: €66,667
- Trade debts +€21,000
new in 2025: €21,000
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Other debts +€15,843
up €15,843 (+30.6%), from €51,850 to €67,692
- Accrued charges and deferred income +€4,735
new in 2025: €4,735
- Gross operating margin +€26,843
up €26,843 (+63.1%), from €42,526 to €69,369
- Depreciation +€11,304
up €11,304 (+76.4%), from €14,800 to €26,104
- Taxes +€3,975
up €3,975 (+66.1%), from €6,016 to €9,992
- Financial charges +€2,865
up €2,865 (+71.2%), from €4,023 to €6,888
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,370 | €405,437 | +€131,068 | +47.8% |
| Fixed assets | 21/28 | €222,033 | €390,434 | +€168,401 | +75.8% |
| Tangible fixed assets | 22/27 | €222,033 | €390,434 | +€168,401 | +75.8% |
| Land and buildings | 22 | €222,033 | €207,233 | -€14,800 | -6.7% |
| Other tangible fixed assets | 26 | - | €183,201 | +€183,201 | |
| Current assets | 29/58 | €52,336 | €15,003 | -€37,333 | -71.3% |
| Amounts receivable within one year | 40/41 | €273 | €4,922 | +€4,649 | +1,703% |
| Other amounts receivable | 41 | €273 | €4,922 | +€4,649 | +1,703% |
| Cash at bank and in hand | 54/58 | €48,963 | €6,981 | -€41,982 | -85.7% |
| Deferred charges and accrued income | 490/1 | €3,100 | €3,100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €274,370 | €405,437 | +€131,068 | +47.8% |
| Equity | 10/15 | €221,231 | €221,913 | +€682 | +0.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €96,231 | €96,913 | +€682 | +0.7% |
| Non-distributable reserves | 130/1 | €2,488 | €1,846 | -€642 | -25.8% |
| Reserves not available under the articles | 1311 | €2,488 | €1,846 | -€642 | -25.8% |
| Distributable reserves | 133 | €93,743 | €95,067 | +€1,324 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,139 | €183,525 | +€130,386 | +245% |
| Amounts payable after more than one year | 17 | - | €66,667 | +€66,667 | |
| Financial debts | 170/4 | - | €66,667 | +€66,667 | |
| Amounts payable within one year | 42/48 | €53,139 | €112,123 | +€58,984 | +111% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | - | €21,000 | +€21,000 | |
| Suppliers | 440/4 | - | €21,000 | +€21,000 | |
| Taxes, remuneration and social security | 45 | €1,289 | €3,430 | +€2,141 | +166% |
| Taxes | 450/3 | €1,289 | €3,430 | +€2,141 | +166% |
| Other amounts payable | 47/48 | €51,850 | €67,692 | +€15,843 | +30.6% |
| Accrued charges and deferred income | 492/3 | - | €4,735 | +€4,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,800 | €26,104 | +€11,304 | +76.4% |
| Other operating charges | 640/8 | €4,795 | €4,974 | +€179 | +3.7% |
| Gross operating margin | 9900 | €42,526 | €69,369 | +€26,843 | +63.1% |
| Operating profit (loss) | 9901 | €22,931 | €38,290 | +€15,359 | +67.0% |
| Financial charges | 65/66B | €4,023 | €6,888 | +€2,865 | +71.2% |
| Recurring financial charges | 65 | €4,023 | €6,888 | +€2,865 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €18,908 | €31,402 | +€12,494 | +66.1% |
| Income taxes | 67/77 | €6,016 | €9,992 | +€3,975 | +66.1% |
| Profit (loss) for the period | 9904 | €12,892 | €21,411 | +€8,519 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,892 | €21,411 | +€8,519 | +66.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.