GODEAU M-J: 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 M-J
Largest movements
- Receivables within one year +€74,432
up €74,432 (+6,740%), from €1,104 to €75,537
of which Trade receivables: +€74,777
- Cash +€13,730
up €13,730 (+84.6%), from €16,237 to €29,967
mainly Debts after one year (+€253,520) and Tax, wage and social debts (+€54,668)
- Tangible fixed assets -€8,531
down €8,531 (-2.1%), from €413,924 to €405,392
of which Land and buildings: -€24,147
- Other debts -€268,827
down €268,827 (-73.1%), from €367,846 to €99,019
- Debts after one year +€253,520
up €253,520 (+383%), from €66,231 to €319,751
- Tax, wage and social debts +€54,668
up €54,668, from €0 to €54,668
- Current portion of long-term debt +€24,359
up €24,359, from €0 to €24,359
- Profit (loss) carried forward +€11,709
up €11,709, from -€3,312 to €8,397
- Gross operating margin +€63,405
up €63,405, from -€879 to €62,526
- Depreciation +€27,656
up €27,656 (+1,165%), from €2,375 to €30,031
- Financial charges +€20,578
up €20,578 (+35,370%), from €58 to €20,636
- Purchases and services -€2,804
no longer reported in 2024 (was €2,804)
- Turnover -€1,925
no longer reported in 2024 (was €1,925)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,265 | €510,896 | +€79,631 | +18.5% |
| Fixed assets | 21/28 | €413,924 | €405,392 | -€8,531 | -2.1% |
| Tangible fixed assets | 22/27 | €413,924 | €405,392 | -€8,531 | -2.1% |
| Land and buildings | 22 | €363,359 | €339,212 | -€24,147 | -6.6% |
| Plant, machinery and equipment | 23 | €50,564 | €44,881 | -€5,683 | -11.2% |
| Furniture and vehicles | 24 | - | €21,299 | +€21,299 | |
| Current assets | 29/58 | €17,342 | €105,504 | +€88,162 | +508% |
| Amounts receivable within one year | 40/41 | €1,104 | €75,537 | +€74,432 | +6,740% |
| Trade receivables | 40 | €0 | €74,777 | +€74,777 | |
| Other amounts receivable | 41 | €1,104 | €760 | -€344 | -31.2% |
| Cash at bank and in hand | 54/58 | €16,237 | €29,967 | +€13,730 | +84.6% |
| Total equity and liabilities | 10/49 | €431,265 | €510,896 | +€79,631 | +18.5% |
| Equity | 10/15 | -€2,812 | €8,897 | +€11,709 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | - | €500 | +€500 | |
| Other | 1109/19 | - | €500 | +€500 | |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,312 | €8,397 | +€11,709 | |
| Amounts payable | 17/49 | €434,077 | €501,999 | +€67,922 | +15.6% |
| Amounts payable after more than one year | 17 | €66,231 | €319,751 | +€253,520 | +383% |
| Financial debts | 170/4 | €66,231 | €319,751 | +€253,520 | +383% |
| Amounts payable within one year | 42/48 | €367,846 | €182,248 | -€185,598 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €24,359 | +€24,359 | |
| Trade debts | 44 | €0 | €4,203 | +€4,203 | |
| Suppliers | 440/4 | €0 | €4,203 | +€4,203 | |
| Taxes, remuneration and social security | 45 | €0 | €54,668 | +€54,668 | |
| Taxes | 450/3 | €0 | €54,668 | +€54,668 | |
| Other amounts payable | 47/48 | €367,846 | €99,019 | -€268,827 | -73.1% |
| Turnover | 70 | €1,925 | - | -€1,925 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,804 | - | -€2,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,375 | €30,031 | +€27,656 | +1,165% |
| Other operating charges | 640/8 | - | €149 | +€149 | |
| Gross operating margin | 9900 | -€879 | €62,526 | +€63,405 | |
| Operating profit (loss) | 9901 | -€3,254 | €32,346 | +€35,600 | |
| Financial charges | 65/66B | €58 | €20,636 | +€20,578 | +35,370% |
| Recurring financial charges | 65 | €58 | €20,636 | +€20,578 | +35,370% |
| Profit (loss) for the period before taxes | 9903 | -€3,312 | €11,709 | +€15,021 | |
| Profit (loss) for the period | 9904 | -€3,312 | €11,709 | +€15,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,312 | €11,709 | +€15,021 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.