VAN GOETHEM: 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.
VAN GOETHEM
Largest movements
- Current investments +€100,312
up €100,312 (+3.2%), from €3.2m to €3.3m
- Reserves +€153,105
up €153,105 (+4.5%), from €3.4m to €3.6m
- Financial charges +€18,626
up €18,626 (+688.4%), from €2,706 to €21,332
- Gross operating margin +€15,850
up €15,850 (+9.6%), from €164,582 to €180,432
- Financial income -€6,831
down €6,831 (-9.0%), from €75,548 to €68,717
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 | €3,465,498 | €3,591,647 | +€126,150 | +3.6% |
| Fixed assets | 21/28 | €996 | €2,995 | +€2,000 | +200.8% |
| Tangible fixed assets | 22/27 | €886 | €2,885 | +€2,000 | +225.8% |
| Plant, machinery and equipment | 23 | €886 | €2,885 | +€2,000 | +225.8% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €3,464,502 | €3,588,652 | +€124,150 | +3.6% |
| Current investments | 50/53 | €3,178,808 | €3,279,121 | +€100,312 | +3.2% |
| Cash at bank and in hand | 54/58 | €285,694 | €309,532 | +€23,837 | +8.3% |
| Total equity and liabilities | 10/49 | €3,465,498 | €3,591,647 | +€126,150 | +3.6% |
| Equity | 10/15 | €3,432,680 | €3,585,785 | +€153,105 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,414,080 | €3,567,185 | +€153,105 | +4.5% |
| Distributable reserves | 133 | €3,414,080 | €3,567,185 | +€153,105 | +4.5% |
| Amounts payable | 17/49 | €32,818 | €5,862 | -€26,955 | -82.1% |
| Amounts payable within one year | 42/48 | €32,818 | €5,862 | -€26,955 | -82.1% |
| Trade debts | 44 | €1,460 | €2,810 | +€1,350 | +92.5% |
| Suppliers | 440/4 | €1,460 | €2,810 | +€1,350 | +92.5% |
| Taxes, remuneration and social security | 45 | €29,908 | €2,026 | -€27,882 | -93.2% |
| Taxes | 450/3 | €29,908 | €2,026 | -€27,882 | -93.2% |
| Other amounts payable | 47/48 | €1,450 | €1,026 | -€424 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,199 | +€83 | +7.5% |
| Other operating charges | 640/8 | €1,692 | €2,553 | +€861 | +50.9% |
| Gross operating margin | 9900 | €164,582 | €180,432 | +€15,850 | +9.6% |
| Operating profit (loss) | 9901 | €161,775 | €176,680 | +€14,905 | +9.2% |
| Financial income | 75/76B | €75,548 | €68,717 | -€6,831 | -9.0% |
| Recurring financial income | 75 | €75,548 | €68,717 | -€6,831 | -9.0% |
| Financial charges | 65/66B | €2,706 | €21,332 | +€18,626 | +688.4% |
| Recurring financial charges | 65 | €2,706 | €21,332 | +€18,626 | +688.4% |
| Profit (loss) for the period before taxes | 9903 | €234,617 | €224,065 | -€10,552 | -4.5% |
| Income taxes | 67/77 | €71,423 | €70,960 | -€462 | -0.6% |
| Profit (loss) for the period | 9904 | €163,194 | €153,105 | -€10,090 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €163,194 | €153,105 | -€10,090 | -6.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.