D.GODFROID: what changed
What changed
D.GODFROID
filed annual accounts (NBB)
Net result for the year
-€1,393
2024 · -€5,952+€4,559
Equity
€172,707
2024 · €174,101-€1,393
Cash
€37,049
2024 · €66,231-€29,182
Balance sheet total
€177,002
2024 · €221,065-€44,063
Largest movements
Assets
- Cash -€29,182
down €29,182 (-44.1%), from €66,231 to €37,049
mainly Debts after one year (-€35,000) and Investment in fixed assets (net) (-€6,506)
- Tangible fixed assets -€12,230
down €12,230 (-8.3%), from €147,390 to €135,161
of which Land and buildings: -€13,963
- Receivables within one year -€2,723
no longer reported in 2025 (was €2,723)
of which Trade receivables: -€2,671
Equity and liabilities
- Debts after one year -€35,000
no longer reported in 2025 (was €35,000)
- Accrued charges and deferred income -€4,996
down €4,996 (-66.5%), from €7,515 to €2,519
Income statement
- Gross operating margin +€12,051
up €12,051 (+110%), from €11,002 to €23,052
- Taxes -€1,855
down €1,855 (-97.3%), from €1,906 to €52
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,952
Gross operating margin
+€12,051
Depreciation
+€42
Other operating charges
-€112
Financial income
+€26
Financial charges
+€135
Taxes
+€1,855
Deferred taxes and other
-€9,438
Result 2025
-€1,393
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,323
Investment
-€6,506
Financing
-€35,000
Cash 2024
€66,231
From operations (derived)
+€12,323
Net result for the year
-€1,393
Depreciation
+€18,735
Receivables within one year
+€2,723
Smaller working-capital items
-€142
Trade debts
-€671
Tax, wage and social debts
-€1,932
Accrued charges and deferred income
-€4,996
Investment (derived)
-€6,506
Investment in fixed assets (net)
-€6,506
Financing
-€35,000
Debts after one year
-€35,000
Cash 2025
€37,049
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,065 | €177,002 | -€44,063 | -19.9% |
| Fixed assets | 21/28 | €148,584 | €136,354 | -€12,230 | -8.2% |
| Tangible fixed assets | 22/27 | €147,390 | €135,161 | -€12,230 | -8.3% |
| Land and buildings | 22 | €129,282 | €115,319 | -€13,963 | -10.8% |
| Plant, machinery and equipment | 23 | €18,108 | €19,842 | +€1,734 | +9.6% |
| Financial fixed assets | 28 | €1,193 | €1,193 | = | 0.0% |
| Current assets | 29/58 | €72,482 | €40,648 | -€31,833 | -43.9% |
| Amounts receivable within one year | 40/41 | €2,723 | - | -€2,723 | |
| Trade receivables | 40 | €2,671 | - | -€2,671 | |
| Other amounts receivable | 41 | €52 | - | -€52 | |
| Cash at bank and in hand | 54/58 | €66,231 | €37,049 | -€29,182 | -44.1% |
| Deferred charges and accrued income | 490/1 | €3,528 | €3,599 | +€72 | +2.0% |
| Total equity and liabilities | 10/49 | €221,065 | €177,002 | -€44,063 | -19.9% |
| Equity | 10/15 | €174,101 | €172,707 | -€1,393 | -0.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,101 | €51,707 | -€1,393 | -2.6% |
| Amounts payable | 17/49 | €46,965 | €4,295 | -€42,670 | -90.9% |
| Amounts payable after more than one year | 17 | €35,000 | - | -€35,000 | |
| Other amounts payable | 178/9 | €35,000 | - | -€35,000 | |
| Amounts payable within one year | 42/48 | €4,450 | €1,776 | -€2,673 | -60.1% |
| Trade debts | 44 | €671 | - | -€671 | |
| Suppliers | 440/4 | €671 | - | -€671 | |
| Taxes, remuneration and social security | 45 | €1,932 | - | -€1,932 | |
| Taxes | 450/3 | €1,932 | - | -€1,932 | |
| Other amounts payable | 47/48 | €1,847 | €1,776 | -€71 | -3.8% |
| Accrued charges and deferred income | 492/3 | €7,515 | €2,519 | -€4,996 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,777 | €18,735 | -€42 | -0.2% |
| Other operating charges | 640/8 | €5,335 | €5,447 | +€112 | +2.1% |
| Gross operating margin | 9900 | €11,002 | €23,052 | +€12,051 | +110% |
| Operating profit (loss) | 9901 | -€13,111 | -€1,130 | +€11,981 | +91.4% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €372 | €237 | -€135 | -36.3% |
| Recurring financial charges | 65 | €372 | €237 | -€135 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,484 | -€1,342 | +€12,142 | +90.0% |
| Transfer from deferred taxes | 780 | €9,438 | - | -€9,438 | |
| Income taxes | 67/77 | €1,906 | €52 | -€1,855 | -97.3% |
| Profit (loss) for the period | 9904 | -€5,952 | -€1,393 | +€4,559 | +76.6% |
| Transfer from tax-exempt reserves | 789 | €28,314 | - | -€28,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,361 | -€1,393 | -€23,755 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.