GODAX: what changed
GODAX
Largest movements
- Cash +€23,967
up €23,967 (+123%), from €19,514 to €43,481
mainly Net result for the year (+€70,403) and Depreciation (+€39,418)
- Receivables within one year +€18,749
new in 2025: €18,749
of which Trade receivables: +€18,748
- Receivables after one year -€13,310
no longer reported in 2025 (was €13,310)
- Tangible fixed assets +€12,928
up €12,928 (+2.9%), from €445,892 to €458,820
of which Furniture and vehicles: +€26,520
- Reserves +€70,403
up €70,403 (+130%), from €54,170 to €124,573
- Other debts -€55,265
down €55,265 (-14.0%), from €395,979 to €340,714
- Tax, wage and social debts +€22,171
up €22,171 (+119%), from €18,568 to €40,739
- Trade debts +€6,596
new in 2025: €6,596
- Gross operating margin +€39,042
up €39,042 (+38.7%), from €100,887 to €139,929
- Depreciation +€14,331
up €14,331 (+57.1%), from €25,087 to €39,418
- Taxes +€6,861
up €6,861 (+46.0%), from €14,924 to €21,786
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,716 | €522,938 | +€44,222 | +9.2% |
| Fixed assets | 21/28 | €445,892 | €458,820 | +€12,928 | +2.9% |
| Tangible fixed assets | 22/27 | €445,892 | €458,820 | +€12,928 | +2.9% |
| Land and buildings | 22 | €381,891 | €368,828 | -€13,063 | -3.4% |
| Plant, machinery and equipment | 23 | €4,093 | €3,564 | -€529 | -12.9% |
| Furniture and vehicles | 24 | €59,908 | €86,429 | +€26,520 | +44.3% |
| Current assets | 29/58 | €32,824 | €64,118 | +€31,294 | +95.3% |
| Amounts receivable after more than one year | 29 | €13,310 | - | -€13,310 | |
| Trade receivables | 290 | €13,310 | - | -€13,310 | |
| Amounts receivable within one year | 40/41 | - | €18,749 | +€18,749 | |
| Trade receivables | 40 | - | €18,748 | +€18,748 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €19,514 | €43,481 | +€23,967 | +123% |
| Deferred charges and accrued income | 490/1 | - | €1,888 | +€1,888 | |
| Total equity and liabilities | 10/49 | €478,716 | €522,938 | +€44,222 | +9.2% |
| Equity | 10/15 | €64,170 | €134,573 | +€70,403 | +110% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €54,170 | €124,573 | +€70,403 | +130% |
| Distributable reserves | 133 | €54,170 | €124,573 | +€70,403 | +130% |
| Amounts payable | 17/49 | €414,546 | €388,365 | -€26,181 | -6.3% |
| Amounts payable within one year | 42/48 | €414,546 | €388,049 | -€26,497 | -6.4% |
| Trade debts | 44 | - | €6,596 | +€6,596 | |
| Suppliers | 440/4 | - | €6,596 | +€6,596 | |
| Taxes, remuneration and social security | 45 | €18,568 | €40,739 | +€22,171 | +119% |
| Taxes | 450/3 | €18,568 | €40,739 | +€22,171 | +119% |
| Other amounts payable | 47/48 | €395,979 | €340,714 | -€55,265 | -14.0% |
| Accrued charges and deferred income | 492/3 | - | €316 | +€316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,087 | €39,418 | +€14,331 | +57.1% |
| Other operating charges | 640/8 | €3,104 | €3,472 | +€368 | +11.8% |
| Non-recurring operating charges | 66A | €2,979 | €4,759 | +€1,779 | +59.7% |
| Gross operating margin | 9900 | €100,887 | €139,929 | +€39,042 | +38.7% |
| Operating profit (loss) | 9901 | €69,717 | €92,281 | +€22,564 | +32.4% |
| Financial charges | 65/66B | €623 | €92 | -€530 | -85.2% |
| Recurring financial charges | 65 | €623 | €92 | -€530 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €69,094 | €92,189 | +€23,095 | +33.4% |
| Income taxes | 67/77 | €14,924 | €21,786 | +€6,861 | +46.0% |
| Profit (loss) for the period | 9904 | €54,170 | €70,403 | +€16,234 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,170 | €70,403 | +€16,234 | +30.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.