BERT GODDEAU: 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.
BERT GODDEAU
Largest movements
- Receivables within one year -€53,689
down €53,689 (-57.8%), from €92,838 to €39,149
- Cash +€21,434
up €21,434 (+1,147%), from €1,869 to €23,304
- Tangible fixed assets -€5,849
no longer reported in 2025 (was €5,849)
of which Furniture and vehicles: -€5,849
- Trade debts -€20,048
down €20,048 (-86.6%), from €23,140 to €3,092
- Other debts -€18,758
down €18,758 (-94.1%), from €19,936 to €1,178
- Profit (loss) carried forward +€1,839
up €1,839 (+3.3%), from €55,902 to €57,741
- Tax, wage and social debts -€1,136
down €1,136 (-56.4%), from €2,013 to €877
- Gross operating margin -€1,884
down €1,884 (-32.7%), from €5,759 to €3,875
- Depreciation -€533
down €533 (-17.0%), from €3,133 to €2,600
- Taxes -€313
no longer reported in 2025 (was €313)
- Financial charges -€296
down €296, from €201 to -€95
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,056 | €70,953 | -€38,103 | -34.9% |
| Fixed assets | 21/28 | €5,849 | - | -€5,849 | |
| Tangible fixed assets | 22/27 | €5,849 | - | -€5,849 | |
| Land and buildings | 22 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €5,849 | - | -€5,849 | |
| Current assets | 29/58 | €103,207 | €70,953 | -€32,254 | -31.3% |
| Stocks and contracts in progress | 3 | €8,500 | €8,500 | = | 0.0% |
| Stocks | 30/36 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,838 | €39,149 | -€53,689 | -57.8% |
| Trade receivables | 40 | €92,838 | €39,149 | -€53,689 | -57.8% |
| Cash at bank and in hand | 54/58 | €1,869 | €23,304 | +€21,434 | +1,147% |
| Total equity and liabilities | 10/49 | €109,056 | €70,953 | -€38,103 | -34.9% |
| Equity | 10/15 | €63,967 | €65,806 | +€1,839 | +2.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,902 | €57,741 | +€1,839 | +3.3% |
| Amounts payable | 17/49 | €45,089 | €5,147 | -€39,942 | -88.6% |
| Amounts payable within one year | 42/48 | €45,089 | €5,147 | -€39,942 | -88.6% |
| Trade debts | 44 | €23,140 | €3,092 | -€20,048 | -86.6% |
| Suppliers | 440/4 | €23,140 | €3,092 | -€20,048 | -86.6% |
| Taxes, remuneration and social security | 45 | €2,013 | €877 | -€1,136 | -56.4% |
| Taxes | 450/3 | €2,013 | €877 | -€1,136 | -56.4% |
| Other amounts payable | 47/48 | €19,936 | €1,178 | -€18,758 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,133 | €2,600 | -€533 | -17.0% |
| Gross operating margin | 9900 | €5,759 | €3,875 | -€1,884 | -32.7% |
| Operating profit (loss) | 9901 | €2,626 | €1,275 | -€1,351 | -51.4% |
| Financial charges | 65/66B | €201 | -€95 | -€296 | |
| Recurring financial charges | 65 | €201 | -€95 | -€296 | |
| Profit (loss) for the period before taxes | 9903 | €2,425 | €1,370 | -€1,054 | -43.5% |
| Income taxes | 67/77 | €313 | - | -€313 | |
| Profit (loss) for the period | 9904 | €2,111 | €1,370 | -€741 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,111 | €1,370 | -€741 | -35.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.