De Godevaart: 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.
De Godevaart
Largest movements
- Tangible fixed assets -€14,440
down €14,440 (-17.9%), from €80,843 to €66,404
of which Furniture and vehicles: -€12,385
- Cash -€5,858
down €5,858 (-61.8%), from €9,476 to €3,619
mainly Trade debts (-€38,033) and Short-term financial debts (-€9,476)
- Receivables within one year -€2,738
down €2,738 (-100.0%), from €2,738 to €0
of which Other amounts receivable: -€2,738
- Trade debts -€38,033
down €38,033 (-49.5%), from €76,882 to €38,850
- Debts after one year +€21,416
up €21,416 (+17.0%), from €126,046 to €147,462
- Short-term financial debts -€9,476
down €9,476 (-100.0%), from €9,476 to €0
- Other debts +€1,898
up €1,898 (+1.0%), from €199,202 to €201,100
- Financial income +€21,842
up €21,842 (+1093.2%), from €1,998 to €23,840
- Financial charges -€13,347
down €13,347 (-87.7%), from €15,211 to €1,864
- Gross operating margin -€8,745
down €8,745, from €2,549 to -€6,196
- Other operating charges -€193
down €193 (-18.4%), from €1,050 to €857
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 | €93,057 | €70,022 | -€23,035 | -24.8% |
| Fixed assets | 21/28 | €80,843 | €66,404 | -€14,440 | -17.9% |
| Tangible fixed assets | 22/27 | €80,843 | €66,404 | -€14,440 | -17.9% |
| Plant, machinery and equipment | 23 | €4,955 | €2,900 | -€2,054 | -41.5% |
| Furniture and vehicles | 24 | €75,889 | €63,503 | -€12,385 | -16.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €12,214 | €3,619 | -€8,595 | -70.4% |
| Amounts receivable within one year | 40/41 | €2,738 | €0 | -€2,738 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,738 | €0 | -€2,738 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,476 | €3,619 | -€5,858 | -61.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €93,057 | €70,022 | -€23,035 | -24.8% |
| Equity | 10/15 | -€318,558 | -€318,075 | +€483 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,158 | -€336,675 | +€483 | +0.1% |
| Amounts payable | 17/49 | €411,615 | €388,097 | -€23,518 | -5.7% |
| Amounts payable after more than one year | 17 | €126,046 | €147,462 | +€21,416 | +17.0% |
| Financial debts | 170/4 | €126,046 | €147,462 | +€21,416 | +17.0% |
| Amounts payable within one year | 42/48 | €285,569 | €240,617 | -€44,952 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €8 | €0 | -€8 | -100.0% |
| Financial debts | 43 | €9,476 | €0 | -€9,476 | -100.0% |
| Credit institutions | 430/8 | €9,476 | €0 | -€9,476 | -100.0% |
| Trade debts | 44 | €76,882 | €38,850 | -€38,033 | -49.5% |
| Suppliers | 440/4 | €76,882 | €38,850 | -€38,033 | -49.5% |
| Taxes, remuneration and social security | 45 | €0 | €668 | +€668 | |
| Taxes | 450/3 | €0 | €668 | +€668 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €199,202 | €201,100 | +€1,898 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,439 | €14,440 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,050 | €857 | -€193 | -18.4% |
| Gross operating margin | 9900 | €2,549 | -€6,196 | -€8,745 | |
| Operating profit (loss) | 9901 | -€12,940 | -€21,493 | -€8,552 | -66.1% |
| Financial income | 75/76B | €1,998 | €23,840 | +€21,842 | +1093.2% |
| Recurring financial income | 75 | €1,998 | €23,840 | +€21,842 | +1093.2% |
| Financial charges | 65/66B | €15,211 | €1,864 | -€13,347 | -87.7% |
| Recurring financial charges | 65 | €15,211 | €1,864 | -€13,347 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,154 | €483 | +€26,637 | |
| Profit (loss) for the period | 9904 | -€26,154 | €483 | +€26,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,154 | €483 | +€26,637 |
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 9 October 2026 via checked.be.