Van Goethem: 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.
Van Goethem
Largest movements
- Cash +€29,549
up €29,549 (+25.7%), from €114,852 to €144,401
mainly Net result for the year (+€48,993) and Depreciation (+€29,681)
- Intangible fixed assets -€26,000
down €26,000 (-66.7%), from €39,000 to €13,000
- Deferred charges and accrued income +€6,077
up €6,077 (+546.5%), from €1,112 to €7,189
- Tangible fixed assets +€3,269
up €3,269 (+64.8%), from €5,041 to €8,310
of which Furniture and vehicles: +€4,460
- Profit (loss) carried forward +€31,346
up €31,346 (+59.1%), from €53,029 to €84,375
- Other debts -€24,239
down €24,239 (-33.0%), from €73,483 to €49,244
- Tax, wage and social debts +€3,972
up €3,972 (+70.6%), from €5,627 to €9,599
of which Taxes: +€3,972
- Gross operating margin +€16,737
up €16,737 (+21.7%), from €77,176 to €93,913
- Taxes +€3,346
up €3,346 (+31.5%), from €10,627 to €13,972
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 | €160,005 | €172,900 | +€12,895 | +8.1% |
| Fixed assets | 21/28 | €44,041 | €21,310 | -€22,731 | -51.6% |
| Intangible fixed assets | 21 | €39,000 | €13,000 | -€26,000 | -66.7% |
| Tangible fixed assets | 22/27 | €5,041 | €8,310 | +€3,269 | +64.8% |
| Plant, machinery and equipment | 23 | €2,527 | €1,336 | -€1,191 | -47.1% |
| Furniture and vehicles | 24 | €2,514 | €6,974 | +€4,460 | +177.4% |
| Current assets | 29/58 | €115,964 | €151,590 | +€35,626 | +30.7% |
| Cash at bank and in hand | 54/58 | €114,852 | €144,401 | +€29,549 | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,112 | €7,189 | +€6,077 | +546.5% |
| Total equity and liabilities | 10/49 | €160,005 | €172,900 | +€12,895 | +8.1% |
| Equity | 10/15 | €56,029 | €87,375 | +€31,346 | +55.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,029 | €84,375 | +€31,346 | +59.1% |
| Amounts payable | 17/49 | €103,976 | €85,526 | -€18,451 | -17.7% |
| Amounts payable within one year | 42/48 | €79,245 | €59,302 | -€19,943 | -25.2% |
| Trade debts | 44 | €135 | €459 | +€324 | +239.8% |
| Suppliers | 440/4 | €135 | €459 | +€324 | +239.8% |
| Taxes, remuneration and social security | 45 | €5,627 | €9,599 | +€3,972 | +70.6% |
| Taxes | 450/3 | €3,627 | €7,599 | +€3,972 | +109.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €73,483 | €49,244 | -€24,239 | -33.0% |
| Accrued charges and deferred income | 492/3 | €24,732 | €26,224 | +€1,492 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,298 | €29,681 | +€383 | +1.3% |
| Other operating charges | 640/8 | €1,391 | €1,267 | -€124 | -8.9% |
| Gross operating margin | 9900 | €77,176 | €93,913 | +€16,737 | +21.7% |
| Operating profit (loss) | 9901 | €46,487 | €62,964 | +€16,477 | +35.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8000.0% |
| Financial charges | 65/66B | €204 | €0 | -€204 | -99.9% |
| Recurring financial charges | 65 | €204 | €0 | -€204 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €46,283 | €62,965 | +€16,682 | +36.0% |
| Income taxes | 67/77 | €10,627 | €13,972 | +€3,346 | +31.5% |
| Profit (loss) for the period | 9904 | €35,657 | €48,993 | +€13,336 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,657 | €48,993 | +€13,336 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.