GODEAU Marc: 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.
GODEAU Marc
Largest movements
- Receivables within one year -€22,375
down €22,375 (-18.5%), from €120,867 to €98,492
- Cash +€4,157
up €4,157 (+1208.6%), from €344 to €4,501
mainly Receivables within one year (+€22,375) and Other debts (+€20,085)
- Stocks and contracts -€3,853
no longer reported in 2025 (was €3,853)
- Trade debts -€29,164
down €29,164 (-81.9%), from €35,616 to €6,452
- Other debts +€20,085
new in 2025: €20,085
- Tax, wage and social debts -€10,840
down €10,840 (-31.1%), from €34,869 to €24,029
of which Taxes: -€6,279
- Debts after one year -€5,964
down €5,964 (-49.9%), from €11,954 to €5,990
- Profit (loss) carried forward +€4,934
up €4,934 (+10.4%), from €47,468 to €52,402
- Other operating charges +€5,194
up €5,194 (+383.9%), from €1,353 to €6,547
- Financial income -€3,448
down €3,448 (-99.0%), from €3,481 to €33
of which Non-recurring financial income: -€3,413
- Gross operating margin +€3,181
up €3,181 (+3.8%), from €83,088 to €86,269
- Depreciation -€2,742
down €2,742 (-20.8%), from €13,161 to €10,418
- Staff costs +€982
up €982 (+1.7%), from €58,163 to €59,145
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 | €159,413 | €136,701 | -€22,712 | -14.2% |
| Fixed assets | 21/28 | €26,528 | €26,139 | -€389 | -1.5% |
| Tangible fixed assets | 22/27 | €26,203 | €25,814 | -€389 | -1.5% |
| Plant, machinery and equipment | 23 | €14,607 | €13,081 | -€1,526 | -10.4% |
| Furniture and vehicles | 24 | €11,596 | €12,733 | +€1,138 | +9.8% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €132,885 | €110,562 | -€22,323 | -16.8% |
| Stocks and contracts in progress | 3 | €3,853 | - | -€3,853 | |
| Stocks | 30/36 | €3,853 | - | -€3,853 | |
| Amounts receivable within one year | 40/41 | €120,867 | €98,492 | -€22,375 | -18.5% |
| Trade receivables | 40 | €120,867 | €98,492 | -€22,375 | -18.5% |
| Cash at bank and in hand | 54/58 | €344 | €4,501 | +€4,157 | +1208.6% |
| Deferred charges and accrued income | 490/1 | €7,822 | €7,569 | -€253 | -3.2% |
| Total equity and liabilities | 10/49 | €159,413 | €136,701 | -€22,712 | -14.2% |
| Equity | 10/15 | €61,728 | €66,662 | +€4,934 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €47,468 | €52,402 | +€4,934 | +10.4% |
| Amounts payable | 17/49 | €97,685 | €70,039 | -€27,646 | -28.3% |
| Amounts payable after more than one year | 17 | €11,954 | €5,990 | -€5,964 | -49.9% |
| Financial debts | 170/4 | €11,954 | €5,990 | -€5,964 | -49.9% |
| Amounts payable within one year | 42/48 | €85,731 | €64,049 | -€21,682 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €8,187 | €9,658 | +€1,472 | +18.0% |
| Financial debts | 43 | €7,060 | €3,325 | -€3,735 | -52.9% |
| Credit institutions | 430/8 | €7,060 | €3,325 | -€3,735 | -52.9% |
| Trade debts | 44 | €35,616 | €6,452 | -€29,164 | -81.9% |
| Suppliers | 440/4 | €35,616 | €6,452 | -€29,164 | -81.9% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €34,869 | €24,029 | -€10,840 | -31.1% |
| Taxes | 450/3 | €18,998 | €12,720 | -€6,279 | -33.0% |
| Remuneration and social security | 454/9 | €15,870 | €11,309 | -€4,561 | -28.7% |
| Other amounts payable | 47/48 | - | €20,085 | +€20,085 | |
| Remuneration, social security and pensions | 62 | €58,163 | €59,145 | +€982 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,161 | €10,418 | -€2,742 | -20.8% |
| Other operating charges | 640/8 | €1,353 | €6,547 | +€5,194 | +383.9% |
| Gross operating margin | 9900 | €83,088 | €86,269 | +€3,181 | +3.8% |
| Operating profit (loss) | 9901 | €10,411 | €10,158 | -€253 | -2.4% |
| Financial income | 75/76B | €3,481 | €33 | -€3,448 | -99.0% |
| Recurring financial income | 75 | €67 | €33 | -€34 | -50.8% |
| Non-recurring financial income | 76B | €3,413 | - | -€3,413 | |
| Financial charges | 65/66B | €1,314 | €1,368 | +€54 | +4.1% |
| Recurring financial charges | 65 | €1,314 | €1,368 | +€54 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €12,578 | €8,824 | -€3,755 | -29.8% |
| Income taxes | 67/77 | €4,807 | €3,890 | -€917 | -19.1% |
| Profit (loss) for the period | 9904 | €7,772 | €4,934 | -€2,838 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,772 | €4,934 | -€2,838 | -36.5% |
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 7 October 2026 via checked.be.