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 +€63,998
up €63,998 (+141.7%), from €45,172 to €109,170
mainly Net result for the year (+€68,858) and Tax, wage and social debts (+€7,705)
- Reserves +€68,858
up €68,858 (+20.7%), from €332,537 to €401,395
- Tax, wage and social debts +€7,705
up €7,705 (+44.5%), from €17,330 to €25,035
- Other debts -€6,550
down €6,550 (-3.2%), from €202,696 to €196,147
- Gross operating margin -€11,337
down €11,337 (-9.5%), from €119,944 to €108,607
- Taxes -€4,349
down €4,349 (-13.7%), from €31,667 to €27,318
- Financial income -€1,829
down €1,829 (-14.5%), from €12,610 to €10,781
- Other operating charges -€1,675
down €1,675 (-56.0%), from €2,993 to €1,318
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 | €573,943 | €645,801 | +€71,857 | +12.5% |
| Fixed assets | 21/28 | €8,821 | €8,573 | -€248 | -2.8% |
| Tangible fixed assets | 22/27 | €8,821 | €8,573 | -€248 | -2.8% |
| Furniture and vehicles | 24 | €8,821 | €8,573 | -€248 | -2.8% |
| Current assets | 29/58 | €565,122 | €637,228 | +€72,105 | +12.8% |
| Amounts receivable within one year | 40/41 | €20,912 | €20,912 | = | 0.0% |
| Trade receivables | 40 | €20,912 | €20,912 | = | 0.0% |
| Current investments | 50/53 | €499,009 | €505,331 | +€6,322 | +1.3% |
| Cash at bank and in hand | 54/58 | €45,172 | €109,170 | +€63,998 | +141.7% |
| Deferred charges and accrued income | 490/1 | €29 | €1,815 | +€1,786 | +6055.0% |
| Total equity and liabilities | 10/49 | €573,943 | €645,801 | +€71,857 | +12.5% |
| Equity | 10/15 | €351,129 | €419,987 | +€68,858 | +19.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €332,537 | €401,395 | +€68,858 | +20.7% |
| Distributable reserves | 133 | €332,537 | €401,395 | +€68,858 | +20.7% |
| Amounts payable | 17/49 | €222,814 | €225,814 | +€3,000 | +1.3% |
| Amounts payable within one year | 42/48 | €222,814 | €225,814 | +€3,000 | +1.3% |
| Trade debts | 44 | €2,788 | €4,632 | +€1,844 | +66.1% |
| Suppliers | 440/4 | €2,788 | €4,632 | +€1,844 | +66.1% |
| Taxes, remuneration and social security | 45 | €17,330 | €25,035 | +€7,705 | +44.5% |
| Taxes | 450/3 | €17,330 | €25,035 | +€7,705 | +44.5% |
| Other amounts payable | 47/48 | €202,696 | €196,147 | -€6,550 | -3.2% |
| Non-recurring operating income | 76A | €2,250 | - | -€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,917 | €5,048 | +€131 | +2.7% |
| Other operating charges | 640/8 | €2,993 | €1,318 | -€1,675 | -56.0% |
| Gross operating margin | 9900 | €119,944 | €108,607 | -€11,337 | -9.5% |
| Operating profit (loss) | 9901 | €112,034 | €102,241 | -€9,793 | -8.7% |
| Financial income | 75/76B | €12,610 | €10,781 | -€1,829 | -14.5% |
| Recurring financial income | 75 | €12,610 | €10,781 | -€1,829 | -14.5% |
| Financial charges | 65/66B | €16,551 | €16,846 | +€295 | +1.8% |
| Recurring financial charges | 65 | €16,551 | €16,846 | +€295 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €108,093 | €96,176 | -€11,917 | -11.0% |
| Income taxes | 67/77 | €31,667 | €27,318 | -€4,349 | -13.7% |
| Profit (loss) for the period | 9904 | €76,426 | €68,858 | -€7,568 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,426 | €68,858 | -€7,568 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.