Godeau Med: 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 Med
Largest movements
- Cash +€17,976
up €17,976 (+14.3%), from €125,270 to €143,246
mainly Net result for the year (+€55,293) and Tax, wage and social debts (+€9,301)
- Tangible fixed assets +€11,775
up €11,775 (+4.2%), from €281,830 to €293,604
of which Land and buildings: +€16,244
- Deferred charges and accrued income -€7,123
down €7,123 (-27.0%), from €26,407 to €19,284
- Receivables after one year -€5,081
no longer reported in 2024 (was €5,081)
- Reserves +€37,395
up €37,395 (+17.5%), from €213,267 to €250,662
of which Distributable reserves: +€37,395
- Other debts -€16,007
down €16,007 (-42.4%), from €37,716 to €21,710
- Debts after one year -€14,646
down €14,646 (-10.1%), from €145,154 to €130,508
- Tax, wage and social debts +€9,301
up €9,301 (+149.1%), from €6,236 to €15,538
of which Remuneration and social security: +€8,008
- Gross operating margin +€8,742
up €8,742 (+10.6%), from €82,531 to €91,273
- Depreciation +€3,053
up €3,053 (+95.9%), from €3,184 to €6,237
- Financial charges +€2,532
up €2,532 (+67.8%), from €3,734 to €6,267
- Taxes +€1,241
up €1,241 (+5.8%), from €21,464 to €22,705
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.
Cash bridge derived
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 | €438,613 | €458,984 | +€20,371 | +4.6% |
| Fixed assets | 21/28 | €281,855 | €293,629 | +€11,775 | +4.2% |
| Tangible fixed assets | 22/27 | €281,830 | €293,604 | +€11,775 | +4.2% |
| Land and buildings | 22 | €258,750 | €274,994 | +€16,244 | +6.3% |
| Plant, machinery and equipment | 23 | €2,917 | €1,831 | -€1,086 | -37.2% |
| Furniture and vehicles | 24 | €4,320 | €2,524 | -€1,797 | -41.6% |
| Other tangible fixed assets | 26 | €15,842 | €14,255 | -€1,587 | -10.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €156,758 | €165,354 | +€8,596 | +5.5% |
| Amounts receivable after more than one year | 29 | €5,081 | - | -€5,081 | |
| Other amounts receivable | 291 | €5,081 | - | -€5,081 | |
| Amounts receivable within one year | 40/41 | €0 | €2,824 | +€2,824 | |
| Other amounts receivable | 41 | €0 | €2,824 | +€2,824 | |
| Cash at bank and in hand | 54/58 | €125,270 | €143,246 | +€17,976 | +14.3% |
| Deferred charges and accrued income | 490/1 | €26,407 | €19,284 | -€7,123 | -27.0% |
| Total equity and liabilities | 10/49 | €438,613 | €458,984 | +€20,371 | +4.6% |
| Equity | 10/15 | €225,904 | €263,299 | +€37,395 | +16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €213,267 | €250,662 | +€37,395 | +17.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,407 | €248,802 | +€37,395 | +17.7% |
| Profit (loss) carried forward | 14 | €237 | €237 | = | 0.0% |
| Amounts payable | 17/49 | €212,709 | €195,684 | -€17,024 | -8.0% |
| Amounts payable after more than one year | 17 | €145,154 | €130,508 | -€14,646 | -10.1% |
| Financial debts | 170/4 | €145,154 | €130,508 | -€14,646 | -10.1% |
| Amounts payable within one year | 42/48 | €65,892 | €65,177 | -€715 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €20,870 | €22,974 | +€2,104 | +10.1% |
| Trade debts | 44 | €1,070 | €4,955 | +€3,886 | +363.3% |
| Suppliers | 440/4 | €1,070 | €4,955 | +€3,886 | +363.3% |
| Taxes, remuneration and social security | 45 | €6,236 | €15,538 | +€9,301 | +149.1% |
| Taxes | 450/3 | €6,236 | €7,529 | +€1,293 | +20.7% |
| Remuneration and social security | 454/9 | €0 | €8,008 | +€8,008 | |
| Other amounts payable | 47/48 | €37,716 | €21,710 | -€16,007 | -42.4% |
| Accrued charges and deferred income | 492/3 | €1,663 | - | -€1,663 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,184 | €6,237 | +€3,053 | +95.9% |
| Other operating charges | 640/8 | €1,614 | €771 | -€843 | -52.2% |
| Gross operating margin | 9900 | €82,531 | €91,273 | +€8,742 | +10.6% |
| Operating profit (loss) | 9901 | €77,732 | €84,265 | +€6,533 | +8.4% |
| Financial income | 75/76B | €801 | €0 | -€801 | -100.0% |
| Recurring financial income | 75 | €801 | €0 | -€801 | -100.0% |
| Financial charges | 65/66B | €3,734 | €6,267 | +€2,532 | +67.8% |
| Recurring financial charges | 65 | €3,734 | €6,267 | +€2,532 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €74,798 | €77,998 | +€3,200 | +4.3% |
| Income taxes | 67/77 | €21,464 | €22,705 | +€1,241 | +5.8% |
| Profit (loss) for the period | 9904 | €53,334 | €55,293 | +€1,959 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,334 | €55,293 | +€1,959 | +3.7% |
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 11 October 2026 via checked.be.