GODEFROID TOITURES: 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 TOITURES
Largest movements
- Cash +€26,377
up €26,377 (+11.6%), from €227,831 to €254,208
mainly Net result for the year (+€15,853) and Receivables within one year (+€10,972)
- Deferred charges and accrued income +€12,492
up €12,492 (+1,519%), from €822 to €13,315
- Receivables within one year -€10,972
down €10,972 (-28.7%), from €38,188 to €27,216
- Profit (loss) carried forward +€15,853
up €15,853 (+4,002%), from €396 to €16,249
- Trade debts +€7,223
up €7,223 (+24.4%), from €29,632 to €36,855
- Tax, wage and social debts +€4,664
up €4,664 (+139%), from €3,360 to €8,024
- Staff costs +€5,566
up €5,566 (+3.8%), from €147,524 to €153,089
- Taxes +€4,584
up €4,584 (+202%), from €2,266 to €6,850
- Gross operating margin -€2,947
down €2,947 (-1.6%), from €185,013 to €182,066
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 | €278,971 | €306,591 | +€27,620 | +9.9% |
| Fixed assets | 21/28 | €7,345 | €4,769 | -€2,576 | -35.1% |
| Tangible fixed assets | 22/27 | €7,210 | €4,634 | -€2,576 | -35.7% |
| Plant, machinery and equipment | 23 | €1,528 | €316 | -€1,212 | -79.3% |
| Furniture and vehicles | 24 | €5,683 | €4,319 | -€1,364 | -24.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €271,626 | €301,822 | +€30,196 | +11.1% |
| Stocks and contracts in progress | 3 | €4,785 | €7,083 | +€2,298 | +48.0% |
| Stocks | 30/36 | €4,785 | €7,083 | +€2,298 | +48.0% |
| Amounts receivable within one year | 40/41 | €38,188 | €27,216 | -€10,972 | -28.7% |
| Trade receivables | 40 | €38,188 | €27,216 | -€10,972 | -28.7% |
| Cash at bank and in hand | 54/58 | €227,831 | €254,208 | +€26,377 | +11.6% |
| Deferred charges and accrued income | 490/1 | €822 | €13,315 | +€12,492 | +1,519% |
| Total equity and liabilities | 10/49 | €278,971 | €306,591 | +€27,620 | +9.9% |
| Equity | 10/15 | €33,996 | €49,849 | +€15,853 | +46.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €396 | €16,249 | +€15,853 | +4,002% |
| Amounts payable | 17/49 | €244,975 | €256,742 | +€11,767 | +4.8% |
| Amounts payable after more than one year | 17 | €190,000 | €190,000 | = | 0.0% |
| Other amounts payable | 178/9 | €190,000 | €190,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,975 | €66,742 | +€11,767 | +21.4% |
| Trade debts | 44 | €29,632 | €36,855 | +€7,223 | +24.4% |
| Suppliers | 440/4 | €29,632 | €36,855 | +€7,223 | +24.4% |
| Taxes, remuneration and social security | 45 | €3,360 | €8,024 | +€4,664 | +139% |
| Taxes | 450/3 | €3,360 | €8,024 | +€4,664 | +139% |
| Other amounts payable | 47/48 | €21,984 | €21,864 | -€120 | -0.5% |
| Non-recurring operating income | 76A | €857 | - | -€857 | |
| Remuneration, social security and pensions | 62 | €147,524 | €153,089 | +€5,566 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | €2,576 | -€1,374 | -34.8% |
| Other operating charges | 640/8 | €911 | €807 | -€104 | -11.4% |
| Non-recurring operating charges | 66A | €319 | - | -€319 | |
| Gross operating margin | 9900 | €185,013 | €182,066 | -€2,947 | -1.6% |
| Operating profit (loss) | 9901 | €32,310 | €25,594 | -€6,716 | -20.8% |
| Financial income | 75/76B | €755 | - | -€755 | |
| Recurring financial income | 75 | €755 | - | -€755 | |
| Financial charges | 65/66B | €2,415 | €2,891 | +€476 | +19.7% |
| Recurring financial charges | 65 | €2,415 | €2,891 | +€476 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €30,650 | €22,703 | -€7,947 | -25.9% |
| Income taxes | 67/77 | €2,266 | €6,850 | +€4,584 | +202% |
| Profit (loss) for the period | 9904 | €28,383 | €15,853 | -€12,530 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,383 | €15,853 | -€12,530 | -44.1% |
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 27 October 2026 via checked.be.