GODEPHAR: 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.
What changed
GODEPHAR
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€131,724
2024 · €128,644+€3,080
Equity
€1.5m
2024 · €1.5m-€2,776
Cash
€7,862
2024 · €9,567-€1,706
Balance sheet total
€2.0m
2024 · €2.0m-€28,040
Largest movements
Assets
- Tangible fixed assets -€29,015
down €29,015 (-8.3%), from €350,511 to €321,496
Equity and liabilities
- Debts after one year -€32,293
down €32,293 (-19.4%), from €166,481 to €134,187
Income statement
- Gross operating margin +€9,186
up €9,186 (+3.7%), from €251,286 to €260,472
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.
Result 2024
€128,644
Gross operating margin
+€9,186
Depreciation
-€694
Other operating charges
-€1,159
Financial income
-€1,008
Financial charges
-€1,125
Taxes
-€2,120
Result 2025
€131,724
raises the resultlowers the result
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.
From operations
+€180,535
Investment
-€15,864
Financing
-€166,377
Cash 2024
€9,567
From operations (derived)
+€180,535
Net result for the year
+€131,724
Depreciation
+€44,809
Receivables within one year
-€3,508
Deferred charges and accrued income
+€897
Trade debts
-€2,790
Tax, wage and social debts
+€12,724
Other debts
-€2,394
Accrued charges and deferred income
-€927
Investment (derived)
-€15,864
Investment in fixed assets (net)
-€15,864
Financing
-€166,377
Debts after one year
-€32,293
Current portion of long-term debt
+€416
Contributions, distributions and other
-€134,500
Cash 2025
€7,862
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,012,243 | €1,984,203 | -€28,040 | -1.4% |
| Fixed assets | 21/28 | €1,953,578 | €1,924,632 | -€28,946 | -1.5% |
| Tangible fixed assets | 22/27 | €350,511 | €321,496 | -€29,015 | -8.3% |
| Land and buildings | 22 | €314,008 | €300,459 | -€13,549 | -4.3% |
| Plant, machinery and equipment | 23 | €15,685 | €13,316 | -€2,369 | -15.1% |
| Furniture and vehicles | 24 | €20,818 | €7,720 | -€13,098 | -62.9% |
| Financial fixed assets | 28 | €1,603,067 | €1,603,136 | +€70 | 0.0% |
| Current assets | 29/58 | €58,665 | €59,571 | +€906 | +1.5% |
| Amounts receivable within one year | 40/41 | €43,478 | €46,986 | +€3,508 | +8.1% |
| Trade receivables | 40 | €43,434 | €46,986 | +€3,551 | +8.2% |
| Other amounts receivable | 41 | €44 | - | -€44 | |
| Cash at bank and in hand | 54/58 | €9,567 | €7,862 | -€1,706 | -17.8% |
| Deferred charges and accrued income | 490/1 | €5,620 | €4,723 | -€897 | -16.0% |
| Total equity and liabilities | 10/49 | €2,012,243 | €1,984,203 | -€28,040 | -1.4% |
| Equity | 10/15 | €1,539,965 | €1,537,189 | -€2,776 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,533,765 | €1,530,989 | -€2,776 | -0.2% |
| Distributable reserves | 133 | €1,533,765 | €1,530,989 | -€2,776 | -0.2% |
| Amounts payable | 17/49 | €472,277 | €447,013 | -€25,264 | -5.3% |
| Amounts payable after more than one year | 17 | €166,481 | €134,187 | -€32,293 | -19.4% |
| Financial debts | 170/4 | €166,481 | €134,187 | -€32,293 | -19.4% |
| Amounts payable within one year | 42/48 | €304,869 | €312,826 | +€7,957 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €48,056 | €48,472 | +€416 | +0.9% |
| Trade debts | 44 | €6,836 | €4,046 | -€2,790 | -40.8% |
| Suppliers | 440/4 | €6,836 | €4,046 | -€2,790 | -40.8% |
| Taxes, remuneration and social security | 45 | €46,678 | €59,402 | +€12,724 | +27.3% |
| Taxes | 450/3 | €46,678 | €59,402 | +€12,724 | +27.3% |
| Other amounts payable | 47/48 | €203,300 | €200,906 | -€2,394 | -1.2% |
| Accrued charges and deferred income | 492/3 | €927 | - | -€927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,115 | €44,809 | +€694 | +1.6% |
| Other operating charges | 640/8 | €3,533 | €4,691 | +€1,159 | +32.8% |
| Gross operating margin | 9900 | €251,286 | €260,472 | +€9,186 | +3.7% |
| Operating profit (loss) | 9901 | €203,638 | €210,972 | +€7,334 | +3.6% |
| Financial income | 75/76B | €1,008 | €0 | -€1,008 | -100.0% |
| Recurring financial income | 75 | €1,008 | €0 | -€1,008 | -100.0% |
| Financial charges | 65/66B | €19,838 | €20,964 | +€1,125 | +5.7% |
| Recurring financial charges | 65 | €19,838 | €20,964 | +€1,125 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €184,809 | €190,009 | +€5,200 | +2.8% |
| Income taxes | 67/77 | €56,165 | €58,285 | +€2,120 | +3.8% |
| Profit (loss) for the period | 9904 | €128,644 | €131,724 | +€3,080 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,644 | €131,724 | +€3,080 | +2.4% |
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 15 October 2026 via checked.be.