GODET GRAPHIC: 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.
GODET GRAPHIC
Largest movements
- Receivables within one year -€21,926
down €21,926 (-15.0%), from €146,070 to €124,144
of which Trade receivables: -€18,441
- Tangible fixed assets -€6,900
down €6,900 (-27.6%), from €24,966 to €18,067
of which Plant, machinery and equipment: -€3,564
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Other debts -€35,335
down €35,335 (-53.8%), from €65,731 to €30,396
- Advances received +€22,542
up €22,542 (+2,293%), from €983 to €23,525
- Trade debts -€18,318
down €18,318 (-27.0%), from €67,864 to €49,546
- Tax, wage and social debts +€3,448
up €3,448 (+45.6%), from €7,559 to €11,007
of which Taxes: +€1,892
- Short-term financial debts +€2,996
up €2,996 (+446%), from €671 to €3,667
- Staff costs +€7,450
up €7,450 (+25.5%), from €29,228 to €36,678
- Gross operating margin +€4,685
up €4,685 (+10.5%), from €44,564 to €49,250
- Depreciation -€891
down €891 (-11.4%), from €7,791 to €6,900
- Other operating charges -€593
down €593 (-32.7%), from €1,811 to €1,218
- Financial charges -€524
down €524 (-27.9%), from €1,874 to €1,351
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 | €196,414 | €171,962 | -€24,452 | -12.4% |
| Fixed assets | 21/28 | €25,171 | €18,272 | -€6,900 | -27.4% |
| Tangible fixed assets | 22/27 | €24,966 | €18,067 | -€6,900 | -27.6% |
| Land and buildings | 22 | €1,470 | €1,160 | -€310 | -21.1% |
| Plant, machinery and equipment | 23 | €17,518 | €13,954 | -€3,564 | -20.3% |
| Furniture and vehicles | 24 | €5,978 | €2,952 | -€3,025 | -50.6% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €171,243 | €153,690 | -€17,552 | -10.3% |
| Stocks and contracts in progress | 3 | €24,836 | €26,766 | +€1,930 | +7.8% |
| Stocks | 30/36 | €24,836 | €26,766 | +€1,930 | +7.8% |
| Amounts receivable within one year | 40/41 | €146,070 | €124,144 | -€21,926 | -15.0% |
| Trade receivables | 40 | €142,586 | €124,144 | -€18,441 | -12.9% |
| Other amounts receivable | 41 | €3,484 | - | -€3,484 | |
| Cash at bank and in hand | 54/58 | €336 | €280 | -€57 | -16.8% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €196,414 | €171,962 | -€24,452 | -12.4% |
| Equity | 10/15 | €53,606 | €53,820 | +€214 | +0.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,337 | €26,552 | +€214 | +0.8% |
| Amounts payable | 17/49 | €142,808 | €118,142 | -€24,666 | -17.3% |
| Amounts payable within one year | 42/48 | €142,808 | €118,142 | -€24,666 | -17.3% |
| Financial debts | 43 | €671 | €3,667 | +€2,996 | +446% |
| Credit institutions | 430/8 | €671 | €3,667 | +€2,996 | +446% |
| Trade debts | 44 | €67,864 | €49,546 | -€18,318 | -27.0% |
| Suppliers | 440/4 | €67,864 | €49,546 | -€18,318 | -27.0% |
| Advances received on contracts in progress | 46 | €983 | €23,525 | +€22,542 | +2,293% |
| Taxes, remuneration and social security | 45 | €7,559 | €11,007 | +€3,448 | +45.6% |
| Taxes | 450/3 | €5,269 | €7,161 | +€1,892 | +35.9% |
| Remuneration and social security | 454/9 | €2,290 | €3,846 | +€1,557 | +68.0% |
| Other amounts payable | 47/48 | €65,731 | €30,396 | -€35,335 | -53.8% |
| Remuneration, social security and pensions | 62 | €29,228 | €36,678 | +€7,450 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,791 | €6,900 | -€891 | -11.4% |
| Other operating charges | 640/8 | €1,811 | €1,218 | -€593 | -32.7% |
| Gross operating margin | 9900 | €44,564 | €49,250 | +€4,685 | +10.5% |
| Operating profit (loss) | 9901 | €5,735 | €4,454 | -€1,281 | -22.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,874 | €1,351 | -€524 | -27.9% |
| Recurring financial charges | 65 | €1,874 | €1,351 | -€524 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €3,862 | €3,103 | -€758 | -19.6% |
| Income taxes | 67/77 | €3,039 | €2,889 | -€150 | -4.9% |
| Profit (loss) for the period | 9904 | €823 | €214 | -€608 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €823 | €214 | -€608 | -73.9% |
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 19 October 2026 via checked.be.