GODEFRIDUSKAAI: 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.
GODEFRIDUSKAAI
Largest movements
- Tangible fixed assets -€22,503
down €22,503 (-2.2%), from €1.0m to €1.0m
- Debts after one year -€64,844
down €64,844 (-11.2%), from €580,913 to €516,069
of which Financial debts: -€64,844
- Reserves +€56,395
up €56,395 (+14.1%), from €400,932 to €457,327
- Gross operating margin +€10,772
up €10,772 (+9.6%), from €111,701 to €122,473
- Financial charges +€2,500
up €2,500 (+14.9%), from €16,738 to €19,238
- Other operating charges +€2,092
up €2,092 (+60.7%), from €3,447 to €5,539
- Taxes +€1,545
up €1,545 (+9.0%), from €17,253 to €18,798
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.
Derived cash bridge
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 | €1,151,462 | €1,140,931 | -€10,531 | -0.9% |
| Fixed assets | 21/28 | €1,032,619 | €1,010,116 | -€22,503 | -2.2% |
| Tangible fixed assets | 22/27 | €1,032,619 | €1,010,116 | -€22,503 | -2.2% |
| Land and buildings | 22 | €1,032,619 | €1,010,116 | -€22,503 | -2.2% |
| Current assets | 29/58 | €118,843 | €130,815 | +€11,972 | +10.1% |
| Amounts receivable within one year | 40/41 | €1,017 | €747 | -€270 | -26.6% |
| Other amounts receivable | 41 | €1,017 | €747 | -€270 | -26.6% |
| Cash at bank and in hand | 54/58 | €93,792 | €96,888 | +€3,097 | +3.3% |
| Deferred charges and accrued income | 490/1 | €24,034 | €33,180 | +€9,146 | +38.1% |
| Total equity and liabilities | 10/49 | €1,151,462 | €1,140,931 | -€10,531 | -0.9% |
| Equity | 10/15 | €420,932 | €477,327 | +€56,395 | +13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €400,932 | €457,327 | +€56,395 | +14.1% |
| Distributable reserves | 133 | €400,932 | €457,327 | +€56,395 | +14.1% |
| Amounts payable | 17/49 | €730,530 | €663,604 | -€66,925 | -9.2% |
| Amounts payable after more than one year | 17 | €580,913 | €516,069 | -€64,844 | -11.2% |
| Financial debts | 170/4 | €553,413 | €488,569 | -€64,844 | -11.7% |
| Other amounts payable | 178/9 | €27,500 | €27,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,320 | €147,536 | +€1,216 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €67,266 | €66,685 | -€581 | -0.9% |
| Trade debts | 44 | - | €998 | +€998 | |
| Suppliers | 440/4 | - | €998 | +€998 | |
| Taxes, remuneration and social security | 45 | - | €798 | +€798 | |
| Taxes | 450/3 | - | €798 | +€798 | |
| Other amounts payable | 47/48 | €79,054 | €79,054 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,297 | - | -€3,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,503 | €22,503 | = | 0.0% |
| Other operating charges | 640/8 | €3,447 | €5,539 | +€2,092 | +60.7% |
| Gross operating margin | 9900 | €111,701 | €122,473 | +€10,772 | +9.6% |
| Operating profit (loss) | 9901 | €85,751 | €94,431 | +€8,680 | +10.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,738 | €19,238 | +€2,500 | +14.9% |
| Recurring financial charges | 65 | €16,738 | €19,238 | +€2,500 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €69,013 | €75,193 | +€6,180 | +9.0% |
| Income taxes | 67/77 | €17,253 | €18,798 | +€1,545 | +9.0% |
| Profit (loss) for the period | 9904 | €51,759 | €56,395 | +€4,635 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,759 | €56,395 | +€4,635 | +9.0% |
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 19 October 2026 via checked.be.