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
- Cash +€594,041
up €594,041 (+972.3%), from €61,098 to €655,139
mainly Net result for the year (+€364,450) and Investment in fixed assets (net) (+€179,976)
- Tangible fixed assets -€229,544
down €229,544 (-36.7%), from €625,034 to €395,490
of which Land and buildings: -€225,324
- Other debts +€175,674
up €175,674 (+73.5%), from €238,894 to €414,568
- Profit (loss) carried forward +€164,450
up €164,450, from -€163,802 to €648
- Reserves +€30,000
up €30,000 (+7.5%), from €400,535 to €430,535
of which Distributable reserves: +€30,000
- Debts after one year -€17,194
down €17,194 (-10.8%), from €159,548 to €142,354
- Gross operating margin +€549,720
up €549,720 (+3342.1%), from €16,449 to €566,168
- Taxes +€104,366
up €104,366 (+4340.9%), from €2,404 to €106,771
- Financial charges +€9,563
up €9,563 (+43.1%), from €22,205 to €31,769
- Depreciation -€7,998
down €7,998 (-13.9%), from €57,566 to €49,568
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 | €724,890 | €1,086,502 | +€361,612 | +49.9% |
| Fixed assets | 21/28 | €625,034 | €395,490 | -€229,544 | -36.7% |
| Tangible fixed assets | 22/27 | €625,034 | €395,490 | -€229,544 | -36.7% |
| Land and buildings | 22 | €561,419 | €336,095 | -€225,324 | -40.1% |
| Plant, machinery and equipment | 23 | €47,672 | €44,304 | -€3,368 | -7.1% |
| Furniture and vehicles | 24 | €15,942 | €15,090 | -€852 | -5.3% |
| Current assets | 29/58 | €99,856 | €691,012 | +€591,156 | +592.0% |
| Amounts receivable within one year | 40/41 | €38,088 | €35,133 | -€2,955 | -7.8% |
| Trade receivables | 40 | €2,824 | €473 | -€2,351 | -83.3% |
| Other amounts receivable | 41 | €35,264 | €34,661 | -€604 | -1.7% |
| Cash at bank and in hand | 54/58 | €61,098 | €655,139 | +€594,041 | +972.3% |
| Deferred charges and accrued income | 490/1 | €670 | €740 | +€70 | +10.4% |
| Total equity and liabilities | 10/49 | €724,890 | €1,086,502 | +€361,612 | +49.9% |
| Equity | 10/15 | €298,234 | €492,684 | +€194,450 | +65.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €400,535 | €430,535 | +€30,000 | +7.5% |
| Non-distributable reserves | 130/1 | €15,535 | €15,535 | = | 0.0% |
| Legal reserve | 130 | €15,535 | €15,535 | = | 0.0% |
| Distributable reserves | 133 | €385,000 | €415,000 | +€30,000 | +7.8% |
| Profit (loss) carried forward | 14 | -€163,802 | €648 | +€164,450 | |
| Amounts payable | 17/49 | €426,656 | €593,818 | +€167,162 | +39.2% |
| Amounts payable after more than one year | 17 | €159,548 | €142,354 | -€17,194 | -10.8% |
| Financial debts | 170/4 | €159,548 | €142,354 | -€17,194 | -10.8% |
| Amounts payable within one year | 42/48 | €267,108 | €451,464 | +€184,356 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | €16,844 | €17,194 | +€349 | +2.1% |
| Trade debts | 44 | €4,795 | €3,151 | -€1,644 | -34.3% |
| Suppliers | 440/4 | €4,795 | €3,151 | -€1,644 | -34.3% |
| Taxes, remuneration and social security | 45 | €6,575 | €16,550 | +€9,976 | +151.7% |
| Taxes | 450/3 | €6,575 | €16,550 | +€9,976 | +151.7% |
| Other amounts payable | 47/48 | €238,894 | €414,568 | +€175,674 | +73.5% |
| Non-recurring operating income | 76A | €1,999 | €568,521 | +€566,522 | +28337.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,566 | €49,568 | -€7,998 | -13.9% |
| Other operating charges | 640/8 | €13,231 | €13,741 | +€510 | +3.9% |
| Non-recurring operating charges | 66A | €1,999 | €0 | -€1,999 | -100.0% |
| Gross operating margin | 9900 | €16,449 | €566,168 | +€549,720 | +3342.1% |
| Operating profit (loss) | 9901 | -€56,348 | €502,859 | +€559,207 | |
| Financial income | 75/76B | €138 | €131 | -€7 | -5.4% |
| Recurring financial income | 75 | €138 | €131 | -€7 | -5.4% |
| Financial charges | 65/66B | €22,205 | €31,769 | +€9,563 | +43.1% |
| Recurring financial charges | 65 | €22,205 | €31,769 | +€9,563 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,415 | €471,221 | +€549,636 | |
| Income taxes | 67/77 | €2,404 | €106,771 | +€104,366 | +4340.9% |
| Profit (loss) for the period | 9904 | -€80,819 | €364,450 | +€445,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,819 | €364,450 | +€445,269 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.