Van Goethem Nicky: 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 Nicky
Largest movements
- Tangible fixed assets -€72,319
down €72,319 (-15.1%), from €478,669 to €406,350
of which Land and buildings: -€48,856
- Cash +€18,368
up €18,368 (+27.6%), from €66,629 to €84,997
mainly Depreciation (+€75,138) and Net result for the year (+€16,929)
- Receivables within one year +€13,993
up €13,993 (+44.7%), from €31,312 to €45,305
of which Trade receivables: +€19,006
- Stocks and contracts -€6,900
down €6,900 (-30.7%), from €22,450 to €15,550
- Debts after one year -€48,972
down €48,972 (-17.6%), from €277,514 to €228,542
- Other debts -€25,194
down €25,194 (-63.3%), from €39,832 to €14,638
- Reserves +€16,929
up €16,929 (+15.1%), from €112,273 to €129,202
of which Distributable reserves: +€16,929
- Trade debts +€8,899
up €8,899 (+30.3%), from €29,393 to €38,292
- Gross operating margin +€48,618
up €48,618 (+14.4%), from €337,580 to €386,197
- Staff costs +€27,432
up €27,432 (+11.6%), from €236,301 to €263,733
- Taxes +€5,698
up €5,698 (+542%), from €1,051 to €6,749
- Financial charges -€5,686
down €5,686 (-23.6%), from €24,098 to €18,412
- Depreciation +€4,970
up €4,970 (+7.1%), from €70,168 to €75,138
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 | €606,714 | €556,852 | -€49,862 | -8.2% |
| Fixed assets | 21/28 | €479,449 | €407,130 | -€72,319 | -15.1% |
| Tangible fixed assets | 22/27 | €478,669 | €406,350 | -€72,319 | -15.1% |
| Land and buildings | 22 | €349,300 | €300,444 | -€48,856 | -14.0% |
| Plant, machinery and equipment | 23 | €17,770 | €22,236 | +€4,466 | +25.1% |
| Furniture and vehicles | 24 | €111,599 | €83,670 | -€27,929 | -25.0% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €127,265 | €149,722 | +€22,457 | +17.6% |
| Stocks and contracts in progress | 3 | €22,450 | €15,550 | -€6,900 | -30.7% |
| Stocks | 30/36 | €22,450 | €15,550 | -€6,900 | -30.7% |
| Amounts receivable within one year | 40/41 | €31,312 | €45,305 | +€13,993 | +44.7% |
| Trade receivables | 40 | €7,696 | €26,702 | +€19,006 | +247% |
| Other amounts receivable | 41 | €23,616 | €18,603 | -€5,013 | -21.2% |
| Cash at bank and in hand | 54/58 | €66,629 | €84,997 | +€18,368 | +27.6% |
| Deferred charges and accrued income | 490/1 | €6,873 | €3,870 | -€3,004 | -43.7% |
| Total equity and liabilities | 10/49 | €606,714 | €556,852 | -€49,862 | -8.2% |
| Equity | 10/15 | €162,273 | €179,202 | +€16,929 | +10.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €112,273 | €129,202 | +€16,929 | +15.1% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €107,273 | €124,202 | +€16,929 | +15.8% |
| Amounts payable | 17/49 | €444,441 | €377,650 | -€66,791 | -15.0% |
| Amounts payable after more than one year | 17 | €277,514 | €228,542 | -€48,972 | -17.6% |
| Financial debts | 170/4 | €277,514 | €228,542 | -€48,972 | -17.6% |
| Amounts payable within one year | 42/48 | €163,583 | €147,180 | -€16,403 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €45,555 | €48,687 | +€3,132 | +6.9% |
| Trade debts | 44 | €29,393 | €38,292 | +€8,899 | +30.3% |
| Suppliers | 440/4 | €29,393 | €38,292 | +€8,899 | +30.3% |
| Taxes, remuneration and social security | 45 | €48,803 | €45,563 | -€3,240 | -6.6% |
| Taxes | 450/3 | €9,027 | €23,343 | +€14,317 | +159% |
| Remuneration and social security | 454/9 | €39,777 | €22,220 | -€17,557 | -44.1% |
| Other amounts payable | 47/48 | €39,832 | €14,638 | -€25,194 | -63.3% |
| Accrued charges and deferred income | 492/3 | €3,344 | €1,928 | -€1,416 | -42.3% |
| Remuneration, social security and pensions | 62 | €236,301 | €263,733 | +€27,432 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,168 | €75,138 | +€4,970 | +7.1% |
| Other operating charges | 640/8 | €4,900 | €6,253 | +€1,353 | +27.6% |
| Gross operating margin | 9900 | €337,580 | €386,197 | +€48,618 | +14.4% |
| Operating profit (loss) | 9901 | €26,210 | €41,074 | +€14,864 | +56.7% |
| Financial income | 75/76B | €358 | €1,017 | +€659 | +184% |
| Recurring financial income | 75 | €358 | €1,017 | +€659 | +184% |
| Financial charges | 65/66B | €24,098 | €18,412 | -€5,686 | -23.6% |
| Recurring financial charges | 65 | €24,098 | €18,412 | -€5,686 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €2,469 | €23,678 | +€21,209 | +859% |
| Income taxes | 67/77 | €1,051 | €6,749 | +€5,698 | +542% |
| Profit (loss) for the period | 9904 | €1,418 | €16,929 | +€15,511 | +1,094% |
| Profit (loss) for the period to be appropriated | 9905 | €1,418 | €16,929 | +€15,511 | +1,094% |
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 25 October 2026 via checked.be.