Goddard Loyd RE: 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.
Goddard Loyd RE
Largest movements
- Current assets +€829,969
up €829,969 (+11,516%), from €7,207 to €837,176
of which Receivables within one year: +€831,187
- Tangible fixed assets -€480,459
no longer reported in 2020 (was €480,459)
- Reserves +€459,886
up €459,886 (+210%), from €219,271 to €679,157
- Debts -€410,034
down €410,034 (-19.5%), from €2.1m to €1.7m
of which Debts after one year: -€437,020
- Provisions +€153,295
new in 2020: €153,295
- Profit (loss) carried forward +€146,363
up €146,363 (+96.0%), from €152,401 to €298,764
- Gross operating margin +€562,181
up €562,181 (+558%), from €100,826 to €663,007
- Turnover +€382,322
up €382,322 (+166%), from €230,859 to €613,181
- Depreciation -€25,069
no longer reported in 2020 (was €25,069)
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,425,666 | €3,775,176 | +€349,510 | +10.2% |
| Fixed assets | 21/28 | €3,418,459 | €2,938,000 | -€480,459 | -14.1% |
| Tangible fixed assets | 22/27 | €480,459 | - | -€480,459 | |
| Financial fixed assets | 28 | €2,938,000 | €2,938,000 | = | 0.0% |
| Current assets | 29/58 | €7,207 | €837,176 | +€829,969 | +11,516% |
| Amounts receivable within one year | 40/41 | €289 | €831,476 | +€831,187 | +287,648% |
| Cash at bank and in hand | 54/58 | €5,843 | €4,323 | -€1,520 | -26.0% |
| Total equity and liabilities | 10/49 | €3,425,666 | €3,775,176 | +€349,510 | +10.2% |
| Equity | 10/15 | €1,321,672 | €1,927,920 | +€606,249 | +45.9% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €219,271 | €679,157 | +€459,886 | +210% |
| Profit (loss) carried forward | 14 | €152,401 | €298,764 | +€146,363 | +96.0% |
| Provisions and deferred taxes | 16 | - | €153,295 | +€153,295 | |
| Amounts payable | 17/49 | €2,103,994 | €1,693,960 | -€410,034 | -19.5% |
| Amounts payable after more than one year | 17 | €2,088,383 | €1,651,363 | -€437,020 | -20.9% |
| Amounts payable within one year | 42/48 | €15,611 | €29,129 | +€13,518 | +86.6% |
| Trade debts | 44 | €603 | €1,977 | +€1,374 | +228% |
| Turnover | 70 | €230,859 | €613,181 | +€382,322 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,069 | - | -€25,069 | |
| Gross operating margin | 9900 | €100,826 | €663,007 | +€562,181 | +558% |
| Operating profit (loss) | 9901 | €70,819 | €654,355 | +€583,535 | +824% |
| Recurring financial income | 75 | €32,000 | €133,345 | +€101,345 | +317% |
| Recurring financial charges | 65 | €19,167 | €18,989 | -€178 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €83,652 | €768,710 | +€685,058 | +819% |
| Income taxes | 67/77 | €15,770 | €9,166 | -€6,604 | -41.9% |
| Profit (loss) for the period | 9904 | €67,882 | €606,249 | +€538,366 | +793% |
| Profit (loss) for the period to be appropriated | 9905 | €67,882 | €146,363 | +€78,480 | +116% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.