GODA: 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.
GODA
Largest movements
- Cash -€16,728
down €16,728 (-28.0%), from €59,741 to €43,013
mainly Net result for the year (-€21,924) and Investment in fixed assets (net) (-€7,806)
- Receivables within one year -€7,007
down €7,007 (-77.2%), from €9,081 to €2,074
of which Other amounts receivable: -€6,982
- Profit (loss) carried forward -€21,924
down €21,924 (-85.5%), from €25,656 to €3,732
- Tax, wage and social debts -€2,721
no longer reported in 2025 (was €2,721)
- Trade debts +€2,543
up €2,543 (+442%), from €576 to €3,119
- Gross operating margin -€124,096
down €124,096 (-99.6%), from €124,549 to €453
- Financial charges -€18,665
down €18,665 (-96.4%), from €19,366 to €701
- Financial income +€5,445
up €5,445 (+2,768%), from €197 to €5,642
- Staff costs -€4,476
down €4,476 (-21.8%), from €20,550 to €16,074
- Taxes +€2,654
new in 2025: €2,654
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 | €245,682 | €223,581 | -€22,102 | -9.0% |
| Fixed assets | 21/28 | €176,214 | €177,178 | +€964 | +0.5% |
| Tangible fixed assets | 22/27 | €176,214 | €177,178 | +€964 | +0.5% |
| Land and buildings | 22 | €149,683 | €149,683 | = | 0.0% |
| Plant, machinery and equipment | 23 | €16,999 | €16,213 | -€785 | -4.6% |
| Furniture and vehicles | 24 | €1,640 | €2,172 | +€532 | +32.4% |
| Other tangible fixed assets | 26 | €7,892 | €9,110 | +€1,218 | +15.4% |
| Current assets | 29/58 | €69,468 | €46,402 | -€23,066 | -33.2% |
| Amounts receivable within one year | 40/41 | €9,081 | €2,074 | -€7,007 | -77.2% |
| Trade receivables | 40 | €128 | €103 | -€25 | -19.6% |
| Other amounts receivable | 41 | €8,954 | €1,971 | -€6,982 | -78.0% |
| Cash at bank and in hand | 54/58 | €59,741 | €43,013 | -€16,728 | -28.0% |
| Deferred charges and accrued income | 490/1 | €646 | €1,315 | +€670 | +104% |
| Total equity and liabilities | 10/49 | €245,682 | €223,581 | -€22,102 | -9.0% |
| Equity | 10/15 | €44,491 | €22,567 | -€21,924 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235 | €235 | = | 0.0% |
| Distributable reserves | 133 | €235 | €235 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,656 | €3,732 | -€21,924 | -85.5% |
| Amounts payable | 17/49 | €201,191 | €201,014 | -€178 | -0.1% |
| Amounts payable within one year | 42/48 | €201,191 | €201,014 | -€178 | -0.1% |
| Trade debts | 44 | €576 | €3,119 | +€2,543 | +442% |
| Suppliers | 440/4 | €576 | €3,119 | +€2,543 | +442% |
| Taxes, remuneration and social security | 45 | €2,721 | - | -€2,721 | |
| Remuneration and social security | 454/9 | €2,721 | - | -€2,721 | |
| Other amounts payable | 47/48 | €197,895 | €197,895 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €20,550 | €16,074 | -€4,476 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,098 | €6,842 | -€1,256 | -15.5% |
| Other operating charges | 640/8 | €3,072 | €1,748 | -€1,324 | -43.1% |
| Gross operating margin | 9900 | €124,549 | €453 | -€124,096 | -99.6% |
| Operating profit (loss) | 9901 | €92,830 | -€24,211 | -€117,041 | |
| Financial income | 75/76B | €197 | €5,642 | +€5,445 | +2,768% |
| Recurring financial income | 75 | €197 | €5,642 | +€5,445 | +2,768% |
| Financial charges | 65/66B | €19,366 | €701 | -€18,665 | -96.4% |
| Recurring financial charges | 65 | €19,366 | €701 | -€18,665 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €73,660 | -€19,270 | -€92,930 | |
| Income taxes | 67/77 | - | €2,654 | +€2,654 | |
| Profit (loss) for the period | 9904 | €73,660 | -€21,924 | -€95,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,660 | -€21,924 | -€95,584 |
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 18 October 2026 via checked.be.