GODDERIS: what changed
Two fiscal 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.
GODDERIS
Largest movements
- Cash +€388,554
up €388,554 (+85.1%), from €456,647 to €845,202
mainly Net result for the year (+€260,854) and Investment in fixed assets (net) (+€175,818)
- Tangible fixed assets -€179,722
down €179,722 (-87.2%), from €206,056 to €26,334
of which Land and buildings: -€177,397
- Receivables within one year -€29,341
down €29,341 (-26.8%), from €109,334 to €79,993
of which Trade receivables: -€36,094
- Current investments +€27,000
up €27,000 (+13.1%), from €205,495 to €232,495
- Reserves +€260,854
up €260,854 (+36.3%), from €718,084 to €978,938
of which Distributable reserves: +€260,854
- Debts after one year -€65,650
no longer reported in 2025 (was €65,650)
- Trade debts +€55,661
up €55,661 (+60.2%), from €92,528 to €148,189
- Other debts -€40,039
down €40,039 (-95.0%), from €42,155 to €2,116
- Current portion of long-term debt -€14,122
no longer reported in 2025 (was €14,122)
- Gross operating margin +€215,294
up €215,294 (+125.2%), from €172,021 to €387,315
- Taxes +€73,221
up €73,221 (+172.3%), from €42,503 to €115,724
- Depreciation -€8,890
down €8,890 (-69.5%), from €12,794 to €3,904
- Financial charges -€4,945
down €4,945 (-46.4%), from €10,653 to €5,708
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.
Cash bridge derived
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 | €982,508 | €1,185,874 | +€203,366 | +20.7% |
| Fixed assets | 21/28 | €206,056 | €26,334 | -€179,722 | -87.2% |
| Tangible fixed assets | 22/27 | €206,056 | €26,334 | -€179,722 | -87.2% |
| Land and buildings | 22 | €195,741 | €18,344 | -€177,397 | -90.6% |
| Furniture and vehicles | 24 | €10,315 | €7,990 | -€2,325 | -22.5% |
| Current assets | 29/58 | €776,452 | €1,159,540 | +€383,088 | +49.3% |
| Amounts receivable within one year | 40/41 | €109,334 | €79,993 | -€29,341 | -26.8% |
| Trade receivables | 40 | €101,820 | €65,726 | -€36,094 | -35.4% |
| Other amounts receivable | 41 | €7,514 | €14,266 | +€6,753 | +89.9% |
| Current investments | 50/53 | €205,495 | €232,495 | +€27,000 | +13.1% |
| Cash at bank and in hand | 54/58 | €456,647 | €845,202 | +€388,554 | +85.1% |
| Deferred charges and accrued income | 490/1 | €4,976 | €1,851 | -€3,125 | -62.8% |
| Total equity and liabilities | 10/49 | €982,508 | €1,185,874 | +€203,366 | +20.7% |
| Equity | 10/15 | €736,684 | €997,538 | +€260,854 | +35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €718,084 | €978,938 | +€260,854 | +36.3% |
| Non-distributable reserves | 130/1 | €46,860 | €46,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €46,860 | €46,860 | = | 0.0% |
| Distributable reserves | 133 | €671,224 | €932,078 | +€260,854 | +38.9% |
| Amounts payable | 17/49 | €245,824 | €188,337 | -€57,488 | -23.4% |
| Amounts payable after more than one year | 17 | €65,650 | - | -€65,650 | |
| Financial debts | 170/4 | €65,650 | - | -€65,650 | |
| Amounts payable within one year | 42/48 | €180,174 | €188,337 | +€8,163 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €14,122 | - | -€14,122 | |
| Trade debts | 44 | €92,528 | €148,189 | +€55,661 | +60.2% |
| Suppliers | 440/4 | €92,528 | €148,189 | +€55,661 | +60.2% |
| Taxes, remuneration and social security | 45 | €31,369 | €38,031 | +€6,662 | +21.2% |
| Taxes | 450/3 | €29,079 | €37,960 | +€8,881 | +30.5% |
| Remuneration and social security | 454/9 | €2,290 | €71 | -€2,219 | -96.9% |
| Other amounts payable | 47/48 | €42,155 | €2,116 | -€40,039 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,794 | €3,904 | -€8,890 | -69.5% |
| Other operating charges | 640/8 | €2,533 | €3,405 | +€872 | +34.4% |
| Gross operating margin | 9900 | €172,021 | €387,315 | +€215,294 | +125.2% |
| Operating profit (loss) | 9901 | €156,693 | €380,006 | +€223,312 | +142.5% |
| Financial income | 75/76B | €54 | €2,281 | +€2,227 | +4098.3% |
| Recurring financial income | 75 | €54 | €2,281 | +€2,227 | +4098.3% |
| Financial charges | 65/66B | €10,653 | €5,708 | -€4,945 | -46.4% |
| Recurring financial charges | 65 | €10,653 | €5,708 | -€4,945 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €146,095 | €376,578 | +€230,483 | +157.8% |
| Income taxes | 67/77 | €42,503 | €115,724 | +€73,221 | +172.3% |
| Profit (loss) for the period | 9904 | €103,592 | €260,854 | +€157,262 | +151.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,592 | €260,854 | +€157,262 | +151.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.