Godeau: 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.
Godeau
Largest movements
- Receivables within one year -€29,461
down €29,461 (-77.3%), from €38,134 to €8,674
of which Other amounts receivable: -€23,268
- Cash -€16,427
down €16,427 (-73.9%), from €22,219 to €5,791
mainly Other debts (-€65,421) and Deferred charges and accrued income (-€8,258)
- Deferred charges and accrued income +€8,258
new in 2025: €8,258
- Intangible fixed assets -€1,574
no longer reported in 2025 (was €1,574)
- Other debts -€65,421
down €65,421 (-91.8%), from €71,273 to €5,852
- Profit (loss) carried forward +€34,617
up €34,617 (+2909.3%), from €1,190 to €35,806
- Tax, wage and social debts -€7,531
down €7,531 (-36.7%), from €20,514 to €12,983
- Gross operating margin -€23,631
down €23,631 (-32.2%), from €73,433 to €49,803
- Taxes +€5,361
up €5,361 (+70.3%), from €7,624 to €12,985
- Depreciation -€2,926
down €2,926 (-65.0%), from €4,500 to €1,574
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 | €141,927 | €102,723 | -€39,204 | -27.6% |
| Fixed assets | 21/28 | €81,574 | €80,000 | -€1,574 | -1.9% |
| Intangible fixed assets | 21 | €1,574 | - | -€1,574 | |
| Tangible fixed assets | 22/27 | €80,000 | €80,000 | = | 0.0% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €60,353 | €22,723 | -€37,630 | -62.4% |
| Amounts receivable within one year | 40/41 | €38,134 | €8,674 | -€29,461 | -77.3% |
| Trade receivables | 40 | €10,247 | €4,054 | -€6,193 | -60.4% |
| Other amounts receivable | 41 | €27,888 | €4,620 | -€23,268 | -83.4% |
| Cash at bank and in hand | 54/58 | €22,219 | €5,791 | -€16,427 | -73.9% |
| Deferred charges and accrued income | 490/1 | - | €8,258 | +€8,258 | |
| Total equity and liabilities | 10/49 | €141,927 | €102,723 | -€39,204 | -27.6% |
| Equity | 10/15 | €23,190 | €57,806 | +€34,617 | +149.3% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,190 | €35,806 | +€34,617 | +2909.3% |
| Amounts payable | 17/49 | €118,737 | €44,916 | -€73,821 | -62.2% |
| Amounts payable within one year | 42/48 | €118,737 | €44,916 | -€73,821 | -62.2% |
| Trade debts | 44 | €26,950 | €26,082 | -€868 | -3.2% |
| Suppliers | 440/4 | €26,950 | €26,082 | -€868 | -3.2% |
| Taxes, remuneration and social security | 45 | €20,514 | €12,983 | -€7,531 | -36.7% |
| Taxes | 450/3 | €20,514 | €12,983 | -€7,531 | -36.7% |
| Other amounts payable | 47/48 | €71,273 | €5,852 | -€65,421 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €1,574 | -€2,926 | -65.0% |
| Other operating charges | 640/8 | €387 | €420 | +€32 | +8.4% |
| Gross operating margin | 9900 | €73,433 | €49,803 | -€23,631 | -32.2% |
| Operating profit (loss) | 9901 | €68,546 | €47,809 | -€20,737 | -30.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €102 | €208 | +€106 | +104.5% |
| Recurring financial charges | 65 | €102 | €208 | +€106 | +104.5% |
| Profit (loss) for the period before taxes | 9903 | €68,446 | €47,602 | -€20,845 | -30.5% |
| Income taxes | 67/77 | €7,624 | €12,985 | +€5,361 | +70.3% |
| Profit (loss) for the period | 9904 | €60,822 | €34,617 | -€26,206 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,822 | €34,617 | -€26,206 | -43.1% |
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 11 October 2026 via checked.be.