Godefroid L.D.: 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.
Godefroid L.D.
Largest movements
- Cash -€11,957
down €11,957 (-36.7%), from €32,566 to €20,609
mainly Investment in fixed assets (net) (-€24,493) and Net result for the year (-€16,721)
- Receivables within one year +€4,224
up €4,224 (+13.1%), from €32,359 to €36,583
of which Trade receivables: +€8,711
- Tangible fixed assets -€3,413
down €3,413 (-2.5%), from €138,573 to €135,160
of which Plant, machinery and equipment: -€6,855
- Profit (loss) carried forward -€16,721
down €16,721 (-20.8%), from €80,483 to €63,762
- Current portion of long-term debt +€9,802
up €9,802 (+65.1%), from €15,067 to €24,869
- Trade debts -€7,908
down €7,908 (-35.1%), from €22,533 to €14,625
- Tax, wage and social debts +€6,828
up €6,828 (+81.2%), from €8,404 to €15,232
of which Remuneration and social security: +€10,394
- Other debts -€5,434
down €5,434 (-34.8%), from €15,609 to €10,175
- Staff costs +€29,164
up €29,164 (+41.9%), from €69,607 to €98,771
- Gross operating margin +€11,367
up €11,367 (+9.6%), from €117,955 to €129,322
- Other operating charges +€8,619
up €8,619 (+276%), from €3,118 to €11,737
- Financial income +€2,969
up €2,969 (+1,750%), from €170 to €3,139
- Taxes +€2,933
up €2,933 (+63.0%), from €4,658 to €7,591
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 | €227,664 | €215,688 | -€11,976 | -5.3% |
| Fixed assets | 21/28 | €157,615 | €154,202 | -€3,413 | -2.2% |
| Tangible fixed assets | 22/27 | €138,573 | €135,160 | -€3,413 | -2.5% |
| Plant, machinery and equipment | 23 | €53,323 | €46,468 | -€6,855 | -12.9% |
| Furniture and vehicles | 24 | €85,250 | €88,692 | +€3,442 | +4.0% |
| Financial fixed assets | 28 | €19,042 | €19,042 | = | 0.0% |
| Current assets | 29/58 | €70,049 | €61,486 | -€8,563 | -12.2% |
| Stocks and contracts in progress | 3 | €5,124 | €4,294 | -€830 | -16.2% |
| Stocks | 30/36 | €5,124 | €4,294 | -€830 | -16.2% |
| Amounts receivable within one year | 40/41 | €32,359 | €36,583 | +€4,224 | +13.1% |
| Trade receivables | 40 | €25,823 | €34,534 | +€8,711 | +33.7% |
| Other amounts receivable | 41 | €6,536 | €2,049 | -€4,486 | -68.6% |
| Cash at bank and in hand | 54/58 | €32,566 | €20,609 | -€11,957 | -36.7% |
| Total equity and liabilities | 10/49 | €227,664 | €215,688 | -€11,976 | -5.3% |
| Equity | 10/15 | €106,483 | €89,762 | -€16,721 | -15.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,483 | €63,762 | -€16,721 | -20.8% |
| Amounts payable | 17/49 | €121,180 | €125,926 | +€4,745 | +3.9% |
| Amounts payable after more than one year | 17 | €59,567 | €61,024 | +€1,457 | +2.4% |
| Financial debts | 170/4 | €59,567 | €61,024 | +€1,457 | +2.4% |
| Amounts payable within one year | 42/48 | €61,613 | €64,902 | +€3,288 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €15,067 | €24,869 | +€9,802 | +65.1% |
| Trade debts | 44 | €22,533 | €14,625 | -€7,908 | -35.1% |
| Suppliers | 440/4 | €22,533 | €14,625 | -€7,908 | -35.1% |
| Taxes, remuneration and social security | 45 | €8,404 | €15,232 | +€6,828 | +81.2% |
| Taxes | 450/3 | €3,566 | - | -€3,566 | |
| Remuneration and social security | 454/9 | €4,838 | €15,232 | +€10,394 | +215% |
| Other amounts payable | 47/48 | €15,609 | €10,175 | -€5,434 | -34.8% |
| Non-recurring operating income | 76A | €3,452 | €11,722 | +€8,270 | +240% |
| Remuneration, social security and pensions | 62 | €69,607 | €98,771 | +€29,164 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,648 | €27,906 | +€258 | +0.9% |
| Other operating charges | 640/8 | €3,118 | €11,737 | +€8,619 | +276% |
| Gross operating margin | 9900 | €117,955 | €129,322 | +€11,367 | +9.6% |
| Operating profit (loss) | 9901 | €17,583 | -€9,091 | -€26,674 | |
| Financial income | 75/76B | €170 | €3,139 | +€2,969 | +1,750% |
| Recurring financial income | 75 | €170 | €3,139 | +€2,969 | +1,750% |
| Financial charges | 65/66B | €1,994 | €3,178 | +€1,184 | +59.4% |
| Recurring financial charges | 65 | €1,994 | €3,178 | +€1,184 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €15,758 | -€9,131 | -€24,889 | |
| Income taxes | 67/77 | €4,658 | €7,591 | +€2,933 | +63.0% |
| Profit (loss) for the period | 9904 | €11,101 | -€16,721 | -€27,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,101 | -€16,721 | -€27,822 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.