GODECHAUD: 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.
GODECHAUD
Largest movements
- Tangible fixed assets -€74,173
down €74,173 (-5.8%), from €1.3m to €1.2m
of which Land and buildings: -€50,477
- Debts after one year -€92,100
down €92,100 (-11.4%), from €806,600 to €714,500
of which Financial debts: -€88,500
- Other debts +€17,000
up €17,000 (+78.5%), from €21,644 to €38,644
- Profit (loss) carried forward +€15,874
up €15,874 (+37.7%), from €42,158 to €58,033
- Current portion of long-term debt -€14,575
down €14,575 (-14.1%), from €103,075 to €88,500
- Gross operating margin -€4,088
down €4,088 (-3.0%), from €136,099 to €132,011
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 | €1,279,219 | €1,205,418 | -€73,801 | -5.8% |
| Fixed assets | 21/28 | €1,277,812 | €1,203,639 | -€74,173 | -5.8% |
| Tangible fixed assets | 22/27 | €1,277,812 | €1,203,639 | -€74,173 | -5.8% |
| Land and buildings | 22 | €1,092,113 | €1,041,636 | -€50,477 | -4.6% |
| Plant, machinery and equipment | 23 | €168,818 | €146,857 | -€21,961 | -13.0% |
| Other tangible fixed assets | 26 | €16,881 | €15,145 | -€1,736 | -10.3% |
| Current assets | 29/58 | €1,407 | €1,779 | +€372 | +26.4% |
| Amounts receivable within one year | 40/41 | €333 | €1,275 | +€943 | +283.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €333 | €1,275 | +€943 | +283.5% |
| Cash at bank and in hand | 54/58 | €1,075 | €504 | -€570 | -53.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,279,219 | €1,205,418 | -€73,801 | -5.8% |
| Equity | 10/15 | €345,385 | €361,260 | +€15,874 | +4.6% |
| Contributions | 10/11 | €3,223 | €3,223 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4 | €4 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4 | €4 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4 | €4 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,158 | €58,033 | +€15,874 | +37.7% |
| Amounts payable | 17/49 | €933,834 | €844,159 | -€89,675 | -9.6% |
| Amounts payable after more than one year | 17 | €806,600 | €714,500 | -€92,100 | -11.4% |
| Financial debts | 170/4 | €803,000 | €714,500 | -€88,500 | -11.0% |
| Other amounts payable | 178/9 | €3,600 | €0 | -€3,600 | -100.0% |
| Amounts payable within one year | 42/48 | €124,719 | €127,144 | +€2,425 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €103,075 | €88,500 | -€14,575 | -14.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,644 | €38,644 | +€17,000 | +78.5% |
| Accrued charges and deferred income | 492/3 | €2,515 | €2,515 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,912 | €74,173 | +€1,261 | +1.7% |
| Other operating charges | 640/8 | €20,267 | €20,606 | +€339 | +1.7% |
| Gross operating margin | 9900 | €136,099 | €132,011 | -€4,088 | -3.0% |
| Operating profit (loss) | 9901 | €42,921 | €37,232 | -€5,688 | -13.3% |
| Financial charges | 65/66B | €14,320 | €13,133 | -€1,187 | -8.3% |
| Recurring financial charges | 65 | €14,320 | €13,133 | -€1,187 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €28,601 | €24,099 | -€4,502 | -15.7% |
| Income taxes | 67/77 | €9,167 | €8,225 | -€943 | -10.3% |
| Profit (loss) for the period | 9904 | €19,433 | €15,874 | -€3,559 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,433 | €15,874 | -€3,559 | -18.3% |
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 1 October 2026 via checked.be.