VAN GOETHEM GROUP: 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 GROUP
Largest movements
- Receivables within one year +€35,622
up €35,622 (+34.6%), from €103,043 to €138,665
of which Other amounts receivable: +€49,092
- Tangible fixed assets -€9,751
down €9,751 (-23.2%), from €42,073 to €32,322
of which Furniture and vehicles: -€8,611
- Cash +€7,128
up €7,128 (+43.5%), from €16,386 to €23,514
mainly Trade debts (+€74,523) and Depreciation (+€15,951)
- Trade debts +€74,523
up €74,523 (+105%), from €70,815 to €145,338
- Profit (loss) carried forward -€26,429
new in 2025: -€26,429
- Debts after one year -€10,587
down €10,587 (-57.1%), from €18,550 to €7,963
- Other debts +€8,529
up €8,529 (+52.8%), from €16,148 to €24,677
- Tax, wage and social debts -€8,005
no longer reported in 2025 (was €8,005)
- Gross operating margin -€58,852
down €58,852, from €51,762 to -€7,090
- Staff costs -€12,213
no longer reported in 2025 (was €12,213)
- Taxes -€8,052
down €8,052, from €6,917 to -€1,135
- Other operating charges -€3,818
down €3,818 (-59.0%), from €6,473 to €2,655
- Depreciation +€1,792
up €1,792 (+12.7%), from €14,159 to €15,951
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 | €162,316 | €194,501 | +€32,185 | +19.8% |
| Fixed assets | 21/28 | €42,073 | €32,322 | -€9,751 | -23.2% |
| Tangible fixed assets | 22/27 | €42,073 | €32,322 | -€9,751 | -23.2% |
| Plant, machinery and equipment | 23 | €1,752 | €612 | -€1,140 | -65.1% |
| Furniture and vehicles | 24 | €40,321 | €31,710 | -€8,611 | -21.4% |
| Current assets | 29/58 | €120,243 | €162,179 | +€41,936 | +34.9% |
| Amounts receivable within one year | 40/41 | €103,043 | €138,665 | +€35,622 | +34.6% |
| Trade receivables | 40 | €32,145 | €18,675 | -€13,470 | -41.9% |
| Other amounts receivable | 41 | €70,898 | €119,990 | +€49,092 | +69.2% |
| Cash at bank and in hand | 54/58 | €16,386 | €23,514 | +€7,128 | +43.5% |
| Deferred charges and accrued income | 490/1 | €814 | - | -€814 | |
| Total equity and liabilities | 10/49 | €162,316 | €194,501 | +€32,185 | +19.8% |
| Equity | 10/15 | €34,595 | €8,166 | -€26,429 | -76.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,595 | €33,595 | = | 0.0% |
| Distributable reserves | 133 | €33,595 | €33,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,429 | -€26,429 | |
| Amounts payable | 17/49 | €127,721 | €186,335 | +€58,614 | +45.9% |
| Amounts payable after more than one year | 17 | €18,550 | €7,963 | -€10,587 | -57.1% |
| Financial debts | 170/4 | €18,550 | €7,963 | -€10,587 | -57.1% |
| Amounts payable within one year | 42/48 | €109,171 | €178,372 | +€69,201 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €14,203 | €8,357 | -€5,846 | -41.2% |
| Trade debts | 44 | €70,815 | €145,338 | +€74,523 | +105% |
| Suppliers | 440/4 | €70,815 | €145,338 | +€74,523 | +105% |
| Taxes, remuneration and social security | 45 | €8,005 | - | -€8,005 | |
| Taxes | 450/3 | €8,005 | - | -€8,005 | |
| Other amounts payable | 47/48 | €16,148 | €24,677 | +€8,529 | +52.8% |
| Remuneration, social security and pensions | 62 | €12,213 | - | -€12,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,159 | €15,951 | +€1,792 | +12.7% |
| Other operating charges | 640/8 | €6,473 | €2,655 | -€3,818 | -59.0% |
| Gross operating margin | 9900 | €51,762 | -€7,090 | -€58,852 | |
| Operating profit (loss) | 9901 | €18,917 | -€25,696 | -€44,613 | |
| Financial income | 75/76B | €267 | €2 | -€265 | -99.3% |
| Recurring financial income | 75 | €267 | €2 | -€265 | -99.3% |
| Financial charges | 65/66B | €1,884 | €1,870 | -€14 | -0.7% |
| Recurring financial charges | 65 | €1,884 | €1,870 | -€14 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €17,300 | -€27,564 | -€44,864 | |
| Income taxes | 67/77 | €6,917 | -€1,135 | -€8,052 | |
| Profit (loss) for the period | 9904 | €10,383 | -€26,429 | -€36,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,383 | -€26,429 | -€36,812 |
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 21 October 2026 via checked.be.