GOdevelop: 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.
GOdevelop
Largest movements
- Cash +€180,033
up €180,033 (+72.5%), from €248,278 to €428,311
mainly Trade debts (+€584,273) and Net result for the year (+€49,123)
- Tangible fixed assets -€28,835
down €28,835 (-20.7%), from €139,321 to €110,486
of which Furniture and vehicles: -€35,028
- Receivables within one year -€19,685
down €19,685 (-4.8%), from €413,718 to €394,033
of which Trade receivables: -€119,509
- Trade debts +€584,273
up €584,273 (+631.3%), from €92,550 to €676,823
- Other debts -€460,000
down €460,000 (-92.0%), from €500,000 to €40,000
- Tax, wage and social debts -€16,198
down €16,198 (-14.6%), from €111,064 to €94,866
of which Taxes: -€15,657
- Accrued charges and deferred income +€12,551
up €12,551 (+1555.9%), from €807 to €13,357
- Gross operating margin -€394,947
down €394,947 (-29.9%), from €1.3m to €926,303
- Staff costs +€79,786
up €79,786 (+11.0%), from €725,216 to €805,002
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.
Cash bridge derived
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 | €809,935 | €935,917 | +€125,982 | +15.6% |
| Fixed assets | 21/28 | €139,321 | €110,486 | -€28,835 | -20.7% |
| Tangible fixed assets | 22/27 | €139,321 | €110,486 | -€28,835 | -20.7% |
| Land and buildings | 22 | €39,578 | €45,321 | +€5,742 | +14.5% |
| Plant, machinery and equipment | 23 | €12,090 | €9,090 | -€3,000 | -24.8% |
| Furniture and vehicles | 24 | €87,653 | €52,624 | -€35,028 | -40.0% |
| Other tangible fixed assets | 26 | - | €3,451 | +€3,451 | |
| Current assets | 29/58 | €670,614 | €825,431 | +€154,817 | +23.1% |
| Amounts receivable within one year | 40/41 | €413,718 | €394,033 | -€19,685 | -4.8% |
| Trade receivables | 40 | €412,134 | €292,625 | -€119,509 | -29.0% |
| Other amounts receivable | 41 | €1,584 | €101,409 | +€99,824 | +6300.2% |
| Cash at bank and in hand | 54/58 | €248,278 | €428,311 | +€180,033 | +72.5% |
| Deferred charges and accrued income | 490/1 | €8,618 | €3,086 | -€5,532 | -64.2% |
| Total equity and liabilities | 10/49 | €809,935 | €935,917 | +€125,982 | +15.6% |
| Equity | 10/15 | €101,748 | €110,871 | +€9,123 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,548 | €104,671 | +€9,123 | +9.5% |
| Distributable reserves | 133 | €95,548 | €104,671 | +€9,123 | +9.5% |
| Amounts payable | 17/49 | €708,187 | €825,046 | +€116,859 | +16.5% |
| Amounts payable within one year | 42/48 | €707,381 | €811,689 | +€104,308 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €3,766 | - | -€3,766 | |
| Trade debts | 44 | €92,550 | €676,823 | +€584,273 | +631.3% |
| Suppliers | 440/4 | €92,550 | €676,823 | +€584,273 | +631.3% |
| Taxes, remuneration and social security | 45 | €111,064 | €94,866 | -€16,198 | -14.6% |
| Taxes | 450/3 | €15,657 | - | -€15,657 | |
| Remuneration and social security | 454/9 | €95,407 | €94,866 | -€541 | -0.6% |
| Other amounts payable | 47/48 | €500,000 | €40,000 | -€460,000 | -92.0% |
| Accrued charges and deferred income | 492/3 | €807 | €13,357 | +€12,551 | +1555.9% |
| Non-recurring operating income | 76A | - | €2,583 | +€2,583 | |
| Remuneration, social security and pensions | 62 | €725,216 | €805,002 | +€79,786 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,340 | €43,689 | -€10,651 | -19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,545 | €13,377 | +€5,832 | +77.3% |
| Other operating charges | 640/8 | €5,085 | €4,843 | -€242 | -4.8% |
| Gross operating margin | 9900 | €1,321,250 | €926,303 | -€394,947 | -29.9% |
| Operating profit (loss) | 9901 | €529,064 | €59,393 | -€469,672 | -88.8% |
| Financial income | 75/76B | €2,730 | €2,269 | -€461 | -16.9% |
| Recurring financial income | 75 | €2,730 | €2,269 | -€461 | -16.9% |
| Financial charges | 65/66B | €614 | €455 | -€158 | -25.8% |
| Recurring financial charges | 65 | €614 | €455 | -€158 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €531,181 | €61,206 | -€469,975 | -88.5% |
| Income taxes | 67/77 | €17,001 | €12,083 | -€4,918 | -28.9% |
| Profit (loss) for the period | 9904 | €514,180 | €49,123 | -€465,057 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €514,180 | €49,123 | -€465,057 | -90.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.