GODEFROID MANAGEMENT SERVICES: 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 MANAGEMENT SERVICES
Largest movements
- Tangible fixed assets +€561,346
up €561,346 (+282%), from €198,914 to €760,260
of which Land and buildings: +€561,700
- Receivables within one year +€17,787
up €17,787 (+29.5%), from €60,212 to €77,999
of which Trade receivables: +€17,787
- Revaluation surpluses +€561,700
new in 2026: €561,700
- Other debts +€12,982
up €12,982 (+3.0%), from €438,324 to €451,307
- Gross operating margin -€24,495
down €24,495 (-64.0%), from €38,273 to €13,778
- Taxes -€7,822
no longer reported in 2026 (was €7,822)
- Other operating charges +€2,153
up €2,153 (+127%), from €1,692 to €3,844
- Financial charges -€387
down €387 (-93.7%), from €413 to €26
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,618 | €1,131,781 | +€573,163 | +103% |
| Fixed assets | 21/28 | €488,721 | €1,050,067 | +€561,346 | +115% |
| Tangible fixed assets | 22/27 | €198,914 | €760,260 | +€561,346 | +282% |
| Land and buildings | 22 | €198,300 | €760,000 | +€561,700 | +283% |
| Plant, machinery and equipment | 23 | €614 | €260 | -€354 | -57.6% |
| Financial fixed assets | 28 | €289,807 | €289,807 | = | 0.0% |
| Current assets | 29/58 | €69,897 | €81,714 | +€11,817 | +16.9% |
| Amounts receivable within one year | 40/41 | €60,212 | €77,999 | +€17,787 | +29.5% |
| Trade receivables | 40 | €57,009 | €74,796 | +€17,787 | +31.2% |
| Other amounts receivable | 41 | €3,204 | €3,204 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,685 | €1,736 | -€7,948 | -82.1% |
| Deferred charges and accrued income | 490/1 | - | €1,978 | +€1,978 | |
| Total equity and liabilities | 10/49 | €558,618 | €1,131,781 | +€573,163 | +103% |
| Equity | 10/15 | €99,546 | €670,799 | +€571,253 | +574% |
| Contributions | 10/11 | €203,200 | €203,200 | = | 0.0% |
| Capital | 10 | €203,200 | €203,200 | = | 0.0% |
| Issued capital | 100 | €203,200 | €203,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €561,700 | +€561,700 | |
| Profit (loss) carried forward | 14 | -€103,654 | -€94,101 | +€9,553 | +9.2% |
| Amounts payable | 17/49 | €459,072 | €460,982 | +€1,910 | +0.4% |
| Amounts payable within one year | 42/48 | €457,672 | €459,582 | +€1,910 | +0.4% |
| Trade debts | 44 | €4,212 | €3,276 | -€936 | -22.2% |
| Suppliers | 440/4 | €4,212 | €3,276 | -€936 | -22.2% |
| Taxes, remuneration and social security | 45 | €15,136 | €5,000 | -€10,136 | -67.0% |
| Taxes | 450/3 | €15,136 | €5,000 | -€10,136 | -67.0% |
| Other amounts payable | 47/48 | €438,324 | €451,307 | +€12,982 | +3.0% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354 | €354 | = | 0.0% |
| Other operating charges | 640/8 | €1,692 | €3,844 | +€2,153 | +127% |
| Gross operating margin | 9900 | €38,273 | €13,778 | -€24,495 | -64.0% |
| Operating profit (loss) | 9901 | €36,228 | €9,580 | -€26,648 | -73.6% |
| Financial charges | 65/66B | €413 | €26 | -€387 | -93.7% |
| Recurring financial charges | 65 | €413 | €26 | -€387 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €35,814 | €9,553 | -€26,261 | -73.3% |
| Income taxes | 67/77 | €7,822 | - | -€7,822 | |
| Profit (loss) for the period | 9904 | €27,993 | €9,553 | -€18,439 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,993 | €9,553 | -€18,439 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.