GODART IMMO: 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.
GODART IMMO
Largest movements
- Receivables within one year -€61,753
down €61,753 (-88.1%), from €70,072 to €8,318
of which Trade receivables: -€54,643
- Cash -€22,447
down €22,447 (-14.4%), from €155,891 to €133,444
mainly Other debts (-€79,714) and Contributions, distributions and other (-€38,390)
- Tangible fixed assets -€21,393
down €21,393 (-23.0%), from €93,031 to €71,638
of which Land and buildings: -€18,415
- Other debts -€79,714
down €79,714 (-51.8%), from €153,949 to €74,235
- Tax, wage and social debts -€19,335
down €19,335 (-55.2%), from €35,024 to €15,690
- Reserves -€16,598
down €16,598 (-14.9%), from €111,510 to €94,913
of which Distributable reserves: -€16,598
- Trade debts +€10,053
up €10,053 (+169%), from €5,956 to €16,009
- Gross operating margin +€15,163
up €15,163 (+33.6%), from €45,129 to €60,292
- Taxes +€6,179
up €6,179 (+128%), from €4,824 to €11,003
- Financial charges -€1,905
down €1,905 (-65.7%), from €2,900 to €995
- Financial income +€1,177
up €1,177 (+243%), from €484 to €1,661
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 | €318,993 | €213,400 | -€105,593 | -33.1% |
| Fixed assets | 21/28 | €93,031 | €71,638 | -€21,393 | -23.0% |
| Tangible fixed assets | 22/27 | €93,031 | €71,638 | -€21,393 | -23.0% |
| Land and buildings | 22 | €69,460 | €51,044 | -€18,415 | -26.5% |
| Plant, machinery and equipment | 23 | €23,571 | €20,594 | -€2,977 | -12.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €225,962 | €141,762 | -€84,201 | -37.3% |
| Amounts receivable within one year | 40/41 | €70,072 | €8,318 | -€61,753 | -88.1% |
| Trade receivables | 40 | €62,400 | €7,757 | -€54,643 | -87.6% |
| Other amounts receivable | 41 | €7,672 | €561 | -€7,111 | -92.7% |
| Cash at bank and in hand | 54/58 | €155,891 | €133,444 | -€22,447 | -14.4% |
| Total equity and liabilities | 10/49 | €318,993 | €213,400 | -€105,593 | -33.1% |
| Equity | 10/15 | €124,064 | €107,466 | -€16,598 | -13.4% |
| Contributions | 10/11 | €12,553 | €12,553 | = | 0.0% |
| Capital | 10 | €12,553 | €12,553 | = | 0.0% |
| Issued capital | 100 | €12,553 | €12,553 | = | 0.0% |
| Reserves | 13 | €111,510 | €94,913 | -€16,598 | -14.9% |
| Non-distributable reserves | 130/1 | €1,255 | €1,255 | = | 0.0% |
| Legal reserve | 130 | €1,255 | €1,255 | = | 0.0% |
| Distributable reserves | 133 | €110,255 | €93,657 | -€16,598 | -15.1% |
| Amounts payable | 17/49 | €194,930 | €105,934 | -€88,995 | -45.7% |
| Amounts payable within one year | 42/48 | €194,930 | €105,934 | -€88,995 | -45.7% |
| Trade debts | 44 | €5,956 | €16,009 | +€10,053 | +169% |
| Suppliers | 440/4 | €5,956 | €16,009 | +€10,053 | +169% |
| Taxes, remuneration and social security | 45 | €35,024 | €15,690 | -€19,335 | -55.2% |
| Taxes | 450/3 | €35,024 | €15,690 | -€19,335 | -55.2% |
| Other amounts payable | 47/48 | €153,949 | €74,235 | -€79,714 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,393 | €21,393 | = | 0.0% |
| Other operating charges | 640/8 | €6,856 | €6,770 | -€86 | -1.2% |
| Gross operating margin | 9900 | €45,129 | €60,292 | +€15,163 | +33.6% |
| Operating profit (loss) | 9901 | €16,881 | €32,129 | +€15,249 | +90.3% |
| Financial income | 75/76B | €484 | €1,661 | +€1,177 | +243% |
| Recurring financial income | 75 | €484 | €1,661 | +€1,177 | +243% |
| Financial charges | 65/66B | €2,900 | €995 | -€1,905 | -65.7% |
| Recurring financial charges | 65 | €2,900 | €995 | -€1,905 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €14,464 | €32,795 | +€18,331 | +127% |
| Income taxes | 67/77 | €4,824 | €11,003 | +€6,179 | +128% |
| Profit (loss) for the period | 9904 | €9,640 | €21,792 | +€12,152 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €9,640 | €21,792 | +€12,152 | +126% |
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 25 October 2026 via checked.be.