Godfried: what changed
Two fiscal 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.
Godfried
Largest movements
- Cash -€1,556
down €1,556 (-58.0%), from €2,681 to €1,125
mainly Net result for the year (-€5,443) and Short-term financial debts (-€1,316)
- Tangible fixed assets -€858
down €858 (-60.7%), from €1,414 to €555
of which Furniture and vehicles: -€575
- Deferred charges and accrued income -€166
down €166 (-29.9%), from €557 to €390
- Trade debts +€5,694
up €5,694 (+49.6%), from €11,483 to €17,176
- Profit (loss) carried forward -€5,443
down €5,443 (-13.3%), from -€40,832 to -€46,275
- Short-term financial debts -€1,316
down €1,316 (-12.2%), from €10,742 to €9,426
- Accrued charges and deferred income -€825
down €825 (-100.0%), from €825 to €0
- Other debts -€753
down €753 (-19.9%), from €3,776 to €3,023
- Gross operating margin -€4,298
down €4,298, from €3,474 to -€824
- Other operating charges +€328
up €328 (+25.4%), from €1,292 to €1,619
- Financial charges +€152
up €152 (+8.5%), from €1,780 to €1,932
- Depreciation -€70
down €70 (-7.6%), from €929 to €858
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 | €9,674 | €7,021 | -€2,654 | -27.4% |
| Fixed assets | 21/28 | €6,364 | €5,505 | -€858 | -13.5% |
| Tangible fixed assets | 22/27 | €1,414 | €555 | -€858 | -60.7% |
| Plant, machinery and equipment | 23 | €470 | €187 | -€284 | -60.3% |
| Furniture and vehicles | 24 | €943 | €369 | -€575 | -60.9% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €3,310 | €1,515 | -€1,795 | -54.2% |
| Amounts receivable within one year | 40/41 | €73 | €0 | -€73 | -100.0% |
| Trade receivables | 40 | €48 | €0 | -€48 | -100.0% |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,681 | €1,125 | -€1,556 | -58.0% |
| Deferred charges and accrued income | 490/1 | €557 | €390 | -€166 | -29.9% |
| Total equity and liabilities | 10/49 | €9,674 | €7,021 | -€2,654 | -27.4% |
| Equity | 10/15 | -€18,832 | -€24,275 | -€5,443 | -28.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,832 | -€46,275 | -€5,443 | -13.3% |
| Amounts payable | 17/49 | €28,507 | €31,296 | +€2,789 | +9.8% |
| Amounts payable within one year | 42/48 | €27,682 | €31,296 | +€3,614 | +13.1% |
| Financial debts | 43 | €10,742 | €9,426 | -€1,316 | -12.2% |
| Credit institutions | 430/8 | €10,742 | €9,426 | -€1,316 | -12.2% |
| Trade debts | 44 | €11,483 | €17,176 | +€5,694 | +49.6% |
| Suppliers | 440/4 | €11,483 | €17,176 | +€5,694 | +49.6% |
| Taxes, remuneration and social security | 45 | €1,681 | €1,671 | -€11 | -0.6% |
| Taxes | 450/3 | €1,681 | €1,671 | -€11 | -0.6% |
| Other amounts payable | 47/48 | €3,776 | €3,023 | -€753 | -19.9% |
| Accrued charges and deferred income | 492/3 | €825 | €0 | -€825 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €858 | -€70 | -7.6% |
| Other operating charges | 640/8 | €1,292 | €1,619 | +€328 | +25.4% |
| Gross operating margin | 9900 | €3,474 | -€824 | -€4,298 | |
| Operating profit (loss) | 9901 | €1,254 | -€3,302 | -€4,555 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,780 | €1,932 | +€152 | +8.5% |
| Recurring financial charges | 65 | €1,780 | €1,932 | +€152 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€527 | -€5,234 | -€4,707 | -893.5% |
| Income taxes | 67/77 | €184 | €209 | +€25 | +13.6% |
| Profit (loss) for the period | 9904 | -€711 | -€5,443 | -€4,732 | -665.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€711 | -€5,443 | -€4,732 | -665.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.