GODEVAART EYCKERMAN: 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
GODEVAART EYCKERMAN
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€2,249
2023 · €61,813-€59,564
Equity
€715,968
2023 · €713,719+€2,249
Cash
€102,611
2023 · €133,152-€30,541
Balance sheet total
€2.6m
2023 · €2.8m-€245,105
Largest movements
Assets
- Receivables within one year -€149,425
down €149,425 (-19.7%), from €756,663 to €607,237
of which Trade receivables: -€173,038
- Stocks and contracts -€43,043
down €43,043 (-5.4%), from €791,211 to €748,168
- Cash -€30,541
down €30,541 (-22.9%), from €133,152 to €102,611
mainly Debts after one year (-€139,551) and Short-term financial debts (-€101,695)
Equity and liabilities
- Debts after one year -€139,551
down €139,551 (-18.0%), from €775,375 to €635,824
- Short-term financial debts -€101,695
down €101,695 (-15.4%), from €660,498 to €558,803
- Advances received -€50,822
down €50,822 (-85.6%), from €59,380 to €8,559
- Trade debts +€50,588
up €50,588 (+12.1%), from €419,243 to €469,831
Income statement
- Gross operating margin -€186,021
down €186,021 (-22.8%), from €814,734 to €628,713
- Staff costs -€118,826
down €118,826 (-19.3%), from €616,717 to €497,892
- Taxes -€36,785
down €36,785 (-80.0%), from €45,966 to €9,181
- Depreciation -€8,878
down €8,878 (-22.3%), from €39,751 to €30,873
From the 2023 result to the 2024 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 2023
€61,813
Gross operating margin
-€186,021
Staff costs
+€118,826
Depreciation
+€8,878
Write-downs
-€4,248
Other operating charges
+€763
Other operating items
-€20,370
Financial income
-€6,845
Financial charges
-€7,330
Taxes
+€36,785
Result 2024
€2,249
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€227,654
Investment
-€18,152
Financing
-€240,044
Cash 2023
€133,152
From operations (derived)
+€227,654
Net result for the year
+€2,249
Depreciation
+€30,873
Stocks and contracts
+€43,043
Receivables within one year
+€149,425
Deferred charges and accrued income
+€9,374
Trade debts
+€50,588
Tax, wage and social debts
-€9,531
Advances received
-€50,822
Accrued charges and deferred income
+€2,454
Investment (derived)
-€18,152
Investment in fixed assets (net)
-€18,152
Financing
-€240,044
Debts after one year
-€139,551
Current portion of long-term debt
+€1,202
Short-term financial debts
-€101,695
Cash 2024
€102,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,820,186 | €2,575,081 | -€245,105 | -8.7% |
| Fixed assets | 21/28 | €1,085,463 | €1,072,742 | -€12,721 | -1.2% |
| Intangible fixed assets | 21 | €38,033 | €30,014 | -€8,019 | -21.1% |
| Tangible fixed assets | 22/27 | €43,779 | €39,076 | -€4,703 | -10.7% |
| Land and buildings | 22 | €1,336 | €6,211 | +€4,876 | +365% |
| Plant, machinery and equipment | 23 | €7,683 | €4,133 | -€3,550 | -46.2% |
| Furniture and vehicles | 24 | €34,760 | €28,731 | -€6,028 | -17.3% |
| Financial fixed assets | 28 | €1,003,651 | €1,003,651 | = | 0.0% |
| Current assets | 29/58 | €1,734,723 | €1,502,339 | -€232,384 | -13.4% |
| Stocks and contracts in progress | 3 | €791,211 | €748,168 | -€43,043 | -5.4% |
| Stocks | 30/36 | €791,211 | €748,168 | -€43,043 | -5.4% |
| Amounts receivable within one year | 40/41 | €756,663 | €607,237 | -€149,425 | -19.7% |
| Trade receivables | 40 | €603,031 | €429,992 | -€173,038 | -28.7% |
| Other amounts receivable | 41 | €153,632 | €177,245 | +€23,613 | +15.4% |
| Cash at bank and in hand | 54/58 | €133,152 | €102,611 | -€30,541 | -22.9% |
| Deferred charges and accrued income | 490/1 | €53,697 | €44,323 | -€9,374 | -17.5% |
| Total equity and liabilities | 10/49 | €2,820,186 | €2,575,081 | -€245,105 | -8.7% |
| Equity | 10/15 | €713,719 | €715,968 | +€2,249 | +0.3% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €657,943 | €660,192 | +€2,249 | +0.3% |
| Non-distributable reserves | 130/1 | €5,578 | €5,578 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €652,366 | €654,615 | +€2,249 | +0.3% |
| Amounts payable | 17/49 | €2,106,466 | €1,859,112 | -€247,354 | -11.7% |
| Amounts payable after more than one year | 17 | €775,375 | €635,824 | -€139,551 | -18.0% |
| Financial debts | 170/4 | €775,375 | €635,824 | -€139,551 | -18.0% |
| Amounts payable within one year | 42/48 | €1,306,629 | €1,196,372 | -€110,257 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €69,349 | €70,551 | +€1,202 | +1.7% |
| Financial debts | 43 | €660,498 | €558,803 | -€101,695 | -15.4% |
| Credit institutions | 430/8 | €660,498 | €558,803 | -€101,695 | -15.4% |
| Trade debts | 44 | €419,243 | €469,831 | +€50,588 | +12.1% |
| Suppliers | 440/4 | €419,243 | €469,831 | +€50,588 | +12.1% |
| Advances received on contracts in progress | 46 | €59,380 | €8,559 | -€50,822 | -85.6% |
| Taxes, remuneration and social security | 45 | €98,159 | €88,628 | -€9,531 | -9.7% |
| Taxes | 450/3 | €98,159 | €61,465 | -€36,693 | -37.4% |
| Remuneration and social security | 454/9 | - | €27,163 | +€27,163 | |
| Accrued charges and deferred income | 492/3 | €24,462 | €26,917 | +€2,454 | +10.0% |
| Non-recurring operating income | 76A | €16,169 | €11,570 | -€4,599 | -28.4% |
| Remuneration, social security and pensions | 62 | €616,717 | €497,892 | -€118,826 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,751 | €30,873 | -€8,878 | -22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,248 | +€4,248 | |
| Other operating charges | 640/8 | €4,726 | €3,963 | -€763 | -16.1% |
| Non-recurring operating charges | 66A | - | €20,370 | +€20,370 | |
| Gross operating margin | 9900 | €814,734 | €628,713 | -€186,021 | -22.8% |
| Operating profit (loss) | 9901 | €153,541 | €71,367 | -€82,173 | -53.5% |
| Financial income | 75/76B | €37,249 | €30,404 | -€6,845 | -18.4% |
| Recurring financial income | 75 | €37,249 | €30,404 | -€6,845 | -18.4% |
| Financial charges | 65/66B | €83,011 | €90,341 | +€7,330 | +8.8% |
| Recurring financial charges | 65 | €83,011 | €90,341 | +€7,330 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €107,779 | €11,430 | -€96,349 | -89.4% |
| Income taxes | 67/77 | €45,966 | €9,181 | -€36,785 | -80.0% |
| Profit (loss) for the period | 9904 | €61,813 | €2,249 | -€59,564 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,813 | €2,249 | -€59,564 | -96.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.