TOM GOOVAERTS: 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.
TOM GOOVAERTS
Largest movements
- Cash -€9,486
down €9,486 (-27.1%), from €35,037 to €25,551
mainly Net result for the year (-€4,464) and Tax, wage and social debts (-€3,725)
- Receivables within one year -€513
down €513 (-37.7%), from €1,360 to €847
- Tangible fixed assets -€384
down €384 (-100%), from €384 to €0
- Profit (loss) carried forward -€4,240
new in 2025: -€4,240
- Tax, wage and social debts -€3,725
down €3,725 (-78.8%), from €4,729 to €1,004
- Other debts -€2,494
down €2,494 (-99.7%), from €2,502 to €9
- Gross operating margin -€19,012
down €19,012, from €16,997 to -€2,015
- Taxes -€3,589
down €3,589 (-93.6%), from €3,836 to €247
- Financial charges +€460
up €460 (+465%), from €99 to €559
- Other operating charges +€260
up €260 (+26.1%), from €998 to €1,259
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 | €38,120 | €27,466 | -€10,655 | -28.0% |
| Fixed assets | 21/28 | €384 | €0 | -€384 | -100% |
| Tangible fixed assets | 22/27 | €384 | €0 | -€384 | -100% |
| Plant, machinery and equipment | 23 | €384 | €0 | -€384 | -100% |
| Current assets | 29/58 | €37,737 | €27,466 | -€10,271 | -27.2% |
| Amounts receivable within one year | 40/41 | €1,360 | €847 | -€513 | -37.7% |
| Trade receivables | 40 | €1,360 | €847 | -€513 | -37.7% |
| Cash at bank and in hand | 54/58 | €35,037 | €25,551 | -€9,486 | -27.1% |
| Deferred charges and accrued income | 490/1 | €1,339 | €1,067 | -€272 | -20.3% |
| Total equity and liabilities | 10/49 | €38,120 | €27,466 | -€10,655 | -28.0% |
| Equity | 10/15 | €30,355 | €25,891 | -€4,464 | -14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,155 | €23,931 | -€224 | -0.9% |
| 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 | €22,295 | €22,071 | -€224 | -1.0% |
| Profit (loss) carried forward | 14 | - | -€4,240 | -€4,240 | |
| Amounts payable | 17/49 | €7,766 | €1,575 | -€6,191 | -79.7% |
| Amounts payable within one year | 42/48 | €7,766 | €1,575 | -€6,191 | -79.7% |
| Trade debts | 44 | €534 | €562 | +€28 | +5.3% |
| Suppliers | 440/4 | €534 | €562 | +€28 | +5.3% |
| Taxes, remuneration and social security | 45 | €4,729 | €1,004 | -€3,725 | -78.8% |
| Taxes | 450/3 | €4,729 | €1,004 | -€3,725 | -78.8% |
| Other amounts payable | 47/48 | €2,502 | €9 | -€2,494 | -99.7% |
| Non-recurring operating income | 76A | - | €3,100 | +€3,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €384 | -€96 | -20.0% |
| Other operating charges | 640/8 | €998 | €1,259 | +€260 | +26.1% |
| Gross operating margin | 9900 | €16,997 | -€2,015 | -€19,012 | |
| Operating profit (loss) | 9901 | €15,519 | -€3,657 | -€19,177 | |
| Financial income | 75/76B | €120 | €0 | -€120 | -100.0% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -100.0% |
| Financial charges | 65/66B | €99 | €559 | +€460 | +465% |
| Recurring financial charges | 65 | €99 | €559 | +€460 | +465% |
| Profit (loss) for the period before taxes | 9903 | €15,540 | -€4,217 | -€19,757 | |
| Income taxes | 67/77 | €3,836 | €247 | -€3,589 | -93.6% |
| Profit (loss) for the period | 9904 | €11,704 | -€4,464 | -€16,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,704 | -€4,464 | -€16,168 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.