GODART C & H: what changed
What changed
GODART C & H
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€172,215
2024 · €172,162+€53
Equity
€707,331
2024 · €600,536+€106,795
Cash
€133,385
2024 · €212,233-€78,848
Balance sheet total
€1.5m
2024 · €1.3m+€218,187
Largest movements
Assets
- Tangible fixed assets +€171,666
up €171,666 (+18.7%), from €915,711 to €1.1m
of which Land and buildings: +€181,554
- Receivables within one year +€144,390
up €144,390 (+122%), from €118,439 to €262,829
of which Other amounts receivable: +€135,000
- Cash -€78,848
down €78,848 (-37.2%), from €212,233 to €133,385
mainly Investment in fixed assets (net) (-€251,318) and Receivables within one year (-€144,390)
- Intangible fixed assets -€19,804
down €19,804 (-36.5%), from €54,236 to €34,432
Equity and liabilities
- Debts after one year +€137,891
up €137,891 (+30.3%), from €455,644 to €593,536
- Reserves +€106,795
up €106,795 (+18.7%), from €572,072 to €678,866
of which Distributable reserves: +€73,115
- Other debts -€44,596
down €44,596 (-27.7%), from €160,741 to €116,144
- Current portion of long-term debt +€18,703
up €18,703 (+53.9%), from €34,677 to €53,381
Income statement
- Gross operating margin +€43,661
up €43,661 (+7.2%), from €604,959 to €648,620
- Financial charges +€29,242
up €29,242 (+152%), from €19,259 to €48,502
- Depreciation +€14,743
up €14,743 (+17.4%), from €84,714 to €99,457
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
€172,162
Gross operating margin
+€43,661
Staff costs
-€4,022
Depreciation
-€14,743
Write-downs
-€1,526
Other operating charges
-€1,256
Other operating items
+€400
Financial income
+€687
Financial charges
-€29,242
Taxes
+€6,094
Result 2025
€172,215
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
+€81,296
Investment
-€251,318
Financing
+€91,174
Cash 2024
€212,233
From operations (derived)
+€81,296
Net result for the year
+€172,215
Depreciation
+€99,457
Receivables within one year
-€144,390
Deferred charges and accrued income
-€783
Trade debts
-€2,502
Tax, wage and social debts
+€5,497
Other debts
-€44,596
Accrued charges and deferred income
-€3,601
Investment (derived)
-€251,318
Investment in fixed assets (net)
-€251,318
Financing
+€91,174
Debts after one year
+€137,891
Current portion of long-term debt
+€18,703
Contributions, distributions and other
-€65,421
Cash 2025
€133,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,311,259 | €1,529,446 | +€218,187 | +16.6% |
| Fixed assets | 21/28 | €970,062 | €1,121,924 | +€151,861 | +15.7% |
| Intangible fixed assets | 21 | €54,236 | €34,432 | -€19,804 | -36.5% |
| Tangible fixed assets | 22/27 | €915,711 | €1,087,377 | +€171,666 | +18.7% |
| Land and buildings | 22 | €723,561 | €905,115 | +€181,554 | +25.1% |
| Plant, machinery and equipment | 23 | €138,582 | €147,593 | +€9,011 | +6.5% |
| Furniture and vehicles | 24 | €53,568 | €34,669 | -€18,899 | -35.3% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €341,197 | €407,522 | +€66,325 | +19.4% |
| Amounts receivable within one year | 40/41 | €118,439 | €262,829 | +€144,390 | +122% |
| Trade receivables | 40 | €92,851 | €102,240 | +€9,390 | +10.1% |
| Other amounts receivable | 41 | €25,589 | €160,589 | +€135,000 | +528% |
| Cash at bank and in hand | 54/58 | €212,233 | €133,385 | -€78,848 | -37.2% |
| Deferred charges and accrued income | 490/1 | €10,525 | €11,308 | +€783 | +7.4% |
| Total equity and liabilities | 10/49 | €1,311,259 | €1,529,446 | +€218,187 | +16.6% |
| Equity | 10/15 | €600,536 | €707,331 | +€106,795 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €572,072 | €678,866 | +€106,795 | +18.7% |
| Tax-exempt reserves | 132 | - | €33,680 | +€33,680 | |
| Distributable reserves | 133 | €572,072 | €645,186 | +€73,115 | +12.8% |
| Profit (loss) carried forward | 14 | €22,265 | €22,265 | = | 0.0% |
| Amounts payable | 17/49 | €710,723 | €822,115 | +€111,392 | +15.7% |
| Amounts payable after more than one year | 17 | €455,644 | €593,536 | +€137,891 | +30.3% |
| Financial debts | 170/4 | €455,644 | €593,536 | +€137,891 | +30.3% |
| Amounts payable within one year | 42/48 | €247,062 | €224,164 | -€22,898 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €34,677 | €53,381 | +€18,703 | +53.9% |
| Trade debts | 44 | €4,408 | €1,906 | -€2,502 | -56.8% |
| Suppliers | 440/4 | €4,408 | €1,906 | -€2,502 | -56.8% |
| Taxes, remuneration and social security | 45 | €47,236 | €52,733 | +€5,497 | +11.6% |
| Taxes | 450/3 | €20,274 | €15,215 | -€5,059 | -25.0% |
| Remuneration and social security | 454/9 | €26,962 | €37,518 | +€10,556 | +39.2% |
| Other amounts payable | 47/48 | €160,741 | €116,144 | -€44,596 | -27.7% |
| Accrued charges and deferred income | 492/3 | €8,016 | €4,415 | -€3,601 | -44.9% |
| Remuneration, social security and pensions | 62 | €245,149 | €249,170 | +€4,022 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,714 | €99,457 | +€14,743 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,526 | +€1,526 | |
| Other operating charges | 640/8 | €6,652 | €7,908 | +€1,256 | +18.9% |
| Non-recurring operating charges | 66A | €400 | - | -€400 | |
| Gross operating margin | 9900 | €604,959 | €648,620 | +€43,661 | +7.2% |
| Operating profit (loss) | 9901 | €268,045 | €290,559 | +€22,515 | +8.4% |
| Financial income | 75/76B | €350 | €1,037 | +€687 | +196% |
| Recurring financial income | 75 | €350 | €1,037 | +€687 | +196% |
| Financial charges | 65/66B | €19,259 | €48,502 | +€29,242 | +152% |
| Recurring financial charges | 65 | €19,259 | €48,502 | +€29,242 | +152% |
| Profit (loss) for the period before taxes | 9903 | €249,135 | €243,095 | -€6,041 | -2.4% |
| Income taxes | 67/77 | €76,973 | €70,880 | -€6,094 | -7.9% |
| Profit (loss) for the period | 9904 | €172,162 | €172,215 | +€53 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,162 | €138,535 | -€33,627 | -19.5% |
Next steps
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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 8 November 2026 via checked.be.