Godesu: 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.
Godesu
Largest movements
- Tangible fixed assets -€99,766
down €99,766 (-9.3%), from €1.1m to €969,191
of which Land and buildings: -€53,491
- Cash +€49,667
up €49,667 (+124%), from €40,059 to €89,726
mainly Net result for the year (+€116,165) and Depreciation (+€89,492)
- Receivables within one year -€28,762
down €28,762 (-81.7%), from €35,185 to €6,423
of which Trade receivables: -€24,492
- Reserves +€116,165
up €116,165 (+21.8%), from €532,969 to €649,134
- Other debts -€104,770
no longer reported in 2025 (was €104,770)
- Debts after one year -€74,368
down €74,368 (-22.6%), from €329,257 to €254,889
- Tax, wage and social debts -€12,194
down €12,194 (-28.6%), from €42,572 to €30,378
of which Taxes: -€12,243
- Gross operating margin -€61,110
down €61,110 (-18.0%), from €338,709 to €277,599
- Taxes -€15,165
down €15,165 (-22.3%), from €68,087 to €52,922
- Depreciation -€10,303
down €10,303 (-10.3%), from €99,795 to €89,492
- Staff costs -€4,118
down €4,118 (-89.2%), from €4,618 to €500
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 | €1,170,553 | €1,090,286 | -€80,267 | -6.9% |
| Fixed assets | 21/28 | €1,068,957 | €969,191 | -€99,766 | -9.3% |
| Tangible fixed assets | 22/27 | €1,068,957 | €969,191 | -€99,766 | -9.3% |
| Land and buildings | 22 | €918,040 | €864,549 | -€53,491 | -5.8% |
| Plant, machinery and equipment | 23 | €27,015 | €23,555 | -€3,460 | -12.8% |
| Furniture and vehicles | 24 | €113,066 | €81,087 | -€31,980 | -28.3% |
| Leasing and similar rights | 25 | €10,835 | - | -€10,835 | |
| Current assets | 29/58 | €101,596 | €121,095 | +€19,499 | +19.2% |
| Amounts receivable within one year | 40/41 | €35,185 | €6,423 | -€28,762 | -81.7% |
| Trade receivables | 40 | €30,492 | €6,000 | -€24,492 | -80.3% |
| Other amounts receivable | 41 | €4,693 | €423 | -€4,270 | -91.0% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,059 | €89,726 | +€49,667 | +124% |
| Deferred charges and accrued income | 490/1 | €11,353 | €9,946 | -€1,407 | -12.4% |
| Total equity and liabilities | 10/49 | €1,170,553 | €1,090,286 | -€80,267 | -6.9% |
| Equity | 10/15 | €558,566 | €674,731 | +€116,165 | +20.8% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €532,969 | €649,134 | +€116,165 | +21.8% |
| Distributable reserves | 133 | €532,969 | €649,134 | +€116,165 | +21.8% |
| Profit (loss) carried forward | 14 | €14,397 | €14,397 | = | 0.0% |
| Provisions and deferred taxes | 16 | €35,885 | €35,885 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,885 | €35,885 | = | 0.0% |
| Pensions and similar obligations | 160 | €35,885 | €35,885 | = | 0.0% |
| Amounts payable | 17/49 | €576,102 | €379,670 | -€196,432 | -34.1% |
| Amounts payable after more than one year | 17 | €329,257 | €254,889 | -€74,368 | -22.6% |
| Financial debts | 170/4 | €329,257 | €254,889 | -€74,368 | -22.6% |
| Amounts payable within one year | 42/48 | €246,845 | €124,781 | -€122,064 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €91,411 | €88,736 | -€2,675 | -2.9% |
| Trade debts | 44 | €8,091 | €5,667 | -€2,424 | -30.0% |
| Suppliers | 440/4 | €8,091 | €5,667 | -€2,424 | -30.0% |
| Taxes, remuneration and social security | 45 | €42,572 | €30,378 | -€12,194 | -28.6% |
| Taxes | 450/3 | €37,802 | €25,559 | -€12,243 | -32.4% |
| Remuneration and social security | 454/9 | €4,770 | €4,819 | +€49 | +1.0% |
| Other amounts payable | 47/48 | €104,770 | - | -€104,770 | |
| Non-recurring operating income | 76A | €1,010 | €1,743 | +€734 | +72.7% |
| Remuneration, social security and pensions | 62 | €4,618 | €500 | -€4,118 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,795 | €89,492 | -€10,303 | -10.3% |
| Other operating charges | 640/8 | €6,935 | €7,361 | +€426 | +6.1% |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €338,709 | €277,599 | -€61,110 | -18.0% |
| Operating profit (loss) | 9901 | €227,237 | €180,246 | -€46,991 | -20.7% |
| Financial income | 75/76B | €276 | - | -€276 | |
| Recurring financial income | 75 | €276 | - | -€276 | |
| Financial charges | 65/66B | €12,377 | €11,159 | -€1,218 | -9.8% |
| Recurring financial charges | 65 | €12,377 | €11,159 | -€1,218 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €215,136 | €169,087 | -€46,049 | -21.4% |
| Income taxes | 67/77 | €68,087 | €52,922 | -€15,165 | -22.3% |
| Profit (loss) for the period | 9904 | €147,049 | €116,165 | -€30,884 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,049 | €116,165 | -€30,884 | -21.0% |
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 29 October 2026 via checked.be.