GODART Services: 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 Services
Largest movements
- Receivables within one year +€429,339
up €429,339 (+26.1%), from €1.6m to €2.1m
of which Trade receivables: +€409,142
- Cash -€363,535
down €363,535 (-46.9%), from €774,737 to €411,202
mainly Debts after one year (-€437,221) and Receivables within one year (-€429,339)
- Tangible fixed assets -€278,539
down €278,539 (-23.5%), from €1.2m to €909,259
of which Leasing and similar rights: -€286,958
- Financial fixed assets -€58,290
down €58,290 (-71.3%), from €81,730 to €23,440
- Debts after one year -€437,221
down €437,221 (-32.5%), from €1.3m to €907,256
- Trade debts -€188,829
down €188,829 (-27.1%), from €696,436 to €507,607
- Profit (loss) carried forward +€151,351
up €151,351 (+89.8%), from -€168,458 to -€17,107
- Provisions +€105,261
up €105,261 (+257%), from €40,956 to €146,217
of which Provisions for liabilities and charges: +€146,217
- Tax, wage and social debts +€103,169
up €103,169 (+53.5%), from €193,019 to €296,189
of which Remuneration and social security: +€105,616
- Gross operating margin -€422,492
down €422,492 (-12.1%), from €3.5m to €3.1m
- Staff costs -€360,387
down €360,387 (-14.7%), from €2.5m to €2.1m
- Write-downs +€48,067
new in 2025: €48,067
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 | €4,372,209 | €4,088,144 | -€284,065 | -6.5% |
| Fixed assets | 21/28 | €1,295,527 | €952,199 | -€343,329 | -26.5% |
| Intangible fixed assets | 21 | €26,000 | €19,500 | -€6,500 | -25.0% |
| Tangible fixed assets | 22/27 | €1,187,797 | €909,259 | -€278,539 | -23.5% |
| Plant, machinery and equipment | 23 | €132,732 | €88,296 | -€44,436 | -33.5% |
| Furniture and vehicles | 24 | €167,749 | €236,615 | +€68,866 | +41.1% |
| Leasing and similar rights | 25 | €838,009 | €551,051 | -€286,958 | -34.2% |
| Other tangible fixed assets | 26 | €49,308 | €33,297 | -€16,011 | -32.5% |
| Financial fixed assets | 28 | €81,730 | €23,440 | -€58,290 | -71.3% |
| Current assets | 29/58 | €3,076,682 | €3,135,946 | +€59,264 | +1.9% |
| Stocks and contracts in progress | 3 | €611,606 | €597,102 | -€14,504 | -2.4% |
| Stocks | 30/36 | €611,606 | €597,102 | -€14,504 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,647,196 | €2,076,535 | +€429,339 | +26.1% |
| Trade receivables | 40 | €1,036,520 | €1,445,661 | +€409,142 | +39.5% |
| Other amounts receivable | 41 | €610,677 | €630,873 | +€20,197 | +3.3% |
| Cash at bank and in hand | 54/58 | €774,737 | €411,202 | -€363,535 | -46.9% |
| Deferred charges and accrued income | 490/1 | €43,143 | €51,107 | +€7,964 | +18.5% |
| Total equity and liabilities | 10/49 | €4,372,209 | €4,088,144 | -€284,065 | -6.5% |
| Equity | 10/15 | €327,409 | €488,499 | +€161,090 | +49.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €353,000 | €353,000 | = | 0.0% |
| Distributable reserves | 133 | €353,000 | €353,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,458 | -€17,107 | +€151,351 | +89.8% |
| Investment grants | 15 | €122,867 | €132,606 | +€9,739 | +7.9% |
| Provisions and deferred taxes | 16 | €40,956 | €146,217 | +€105,261 | +257% |
| Provisions for liabilities and charges | 160/5 | - | €146,217 | +€146,217 | |
| Other liabilities and charges | 164/5 | - | €146,217 | +€146,217 | |
| Deferred taxes | 168 | €40,956 | - | -€40,956 | |
| Amounts payable | 17/49 | €4,003,845 | €3,453,429 | -€550,416 | -13.7% |
| Amounts payable after more than one year | 17 | €1,344,476 | €907,256 | -€437,221 | -32.5% |
| Financial debts | 170/4 | €1,344,476 | €907,256 | -€437,221 | -32.5% |
| Amounts payable within one year | 42/48 | €2,580,372 | €2,409,163 | -€171,208 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €687,954 | €603,473 | -€84,481 | -12.3% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €696,436 | €507,607 | -€188,829 | -27.1% |
| Suppliers | 440/4 | €696,436 | €507,607 | -€188,829 | -27.1% |
| Advances received on contracts in progress | 46 | - | €1,895 | +€1,895 | |
| Taxes, remuneration and social security | 45 | €193,019 | €296,189 | +€103,169 | +53.5% |
| Taxes | 450/3 | €10,834 | €8,387 | -€2,447 | -22.6% |
| Remuneration and social security | 454/9 | €182,185 | €287,801 | +€105,616 | +58.0% |
| Other amounts payable | 47/48 | €2,963 | - | -€2,963 | |
| Accrued charges and deferred income | 492/3 | €78,997 | €137,010 | +€58,013 | +73.4% |
| Non-recurring operating income | 76A | €13,000 | €1,020 | -€11,980 | -92.2% |
| Remuneration, social security and pensions | 62 | €2,452,722 | €2,092,335 | -€360,387 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552,628 | €518,219 | -€34,410 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €48,067 | +€48,067 | |
| Other operating charges | 640/8 | €2,237 | €1,961 | -€276 | -12.4% |
| Non-recurring operating charges | 66A | €2,000 | €147,166 | +€145,166 | +7,258% |
| Gross operating margin | 9900 | €3,481,426 | €3,058,934 | -€422,492 | -12.1% |
| Operating profit (loss) | 9901 | €471,839 | €251,187 | -€220,652 | -46.8% |
| Financial income | 75/76B | €22,600 | €31,235 | +€8,635 | +38.2% |
| Recurring financial income | 75 | €22,600 | €31,235 | +€8,635 | +38.2% |
| Financial charges | 65/66B | €140,640 | €130,897 | -€9,743 | -6.9% |
| Recurring financial charges | 65 | €140,640 | €130,897 | -€9,743 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €353,799 | €151,525 | -€202,274 | -57.2% |
| Transfer from deferred taxes | 780 | €7,403 | - | -€7,403 | |
| Income taxes | 67/77 | €85 | €174 | +€89 | +104% |
| Profit (loss) for the period | 9904 | €361,116 | €151,351 | -€209,766 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €361,116 | €151,351 | -€209,766 | -58.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.