GODFRIND SRL: 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.
GODFRIND SRL
Largest movements
- Receivables within one year -€48,770
down €48,770 (-43.2%), from €112,899 to €64,129
of which Trade receivables: -€43,044
- Stocks and contracts +€14,424
up €14,424 (+13.8%), from €104,445 to €118,869
of which Stocks: +€28,063
- Cash +€9,017
up €9,017 (+69.6%), from €12,963 to €21,980
mainly Receivables within one year (+€48,770) and Net result for the year (+€24,411)
- Tangible fixed assets -€7,218
down €7,218 (-2.7%), from €267,936 to €260,718
of which Land and buildings: -€10,005
- Trade debts -€26,130
down €26,130 (-57.6%), from €45,341 to €19,212
- Debts after one year -€12,689
down €12,689 (-21.2%), from €59,766 to €47,077
- Tax, wage and social debts +€10,346
up €10,346 (+170%), from €6,088 to €16,434
of which Taxes: +€13,443
- Purchases and services -€41,344
down €41,344 (-13.7%), from €301,926 to €260,582
- Gross operating margin +€38,574
up €38,574 (+31.1%), from €123,905 to €162,478
- Staff costs +€8,901
up €8,901 (+8.2%), from €108,458 to €117,358
- Taxes +€6,657
up €6,657 (+6,259%), from €106 to €6,763
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 | €498,377 | €465,831 | -€32,546 | -6.5% |
| Fixed assets | 21/28 | €268,070 | €260,852 | -€7,218 | -2.7% |
| Tangible fixed assets | 22/27 | €267,936 | €260,718 | -€7,218 | -2.7% |
| Land and buildings | 22 | €266,847 | €256,842 | -€10,005 | -3.7% |
| Plant, machinery and equipment | 23 | €1,090 | €2,450 | +€1,360 | +125% |
| Furniture and vehicles | 24 | - | €1,426 | +€1,426 | |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €230,307 | €204,979 | -€25,328 | -11.0% |
| Stocks and contracts in progress | 3 | €104,445 | €118,869 | +€14,424 | +13.8% |
| Stocks | 30/36 | €51,408 | €79,471 | +€28,063 | +54.6% |
| Contracts in progress | 37 | €53,037 | €39,398 | -€13,639 | -25.7% |
| Amounts receivable within one year | 40/41 | €112,899 | €64,129 | -€48,770 | -43.2% |
| Trade receivables | 40 | €96,716 | €53,672 | -€43,044 | -44.5% |
| Other amounts receivable | 41 | €16,183 | €10,457 | -€5,726 | -35.4% |
| Cash at bank and in hand | 54/58 | €12,963 | €21,980 | +€9,017 | +69.6% |
| Total equity and liabilities | 10/49 | €498,377 | €465,831 | -€32,546 | -6.5% |
| Equity | 10/15 | €370,419 | €370,419 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,419 | €348,419 | = | 0.0% |
| Amounts payable | 17/49 | €127,958 | €95,412 | -€32,546 | -25.4% |
| Amounts payable after more than one year | 17 | €59,766 | €47,077 | -€12,689 | -21.2% |
| Financial debts | 170/4 | €59,766 | €47,077 | -€12,689 | -21.2% |
| Amounts payable within one year | 42/48 | €68,192 | €48,334 | -€19,858 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €12,366 | €12,689 | +€323 | +2.6% |
| Financial debts | 43 | €4,397 | - | -€4,397 | |
| Credit institutions | 430/8 | €4,397 | - | -€4,397 | |
| Trade debts | 44 | €45,341 | €19,212 | -€26,130 | -57.6% |
| Suppliers | 440/4 | €45,341 | €19,212 | -€26,130 | -57.6% |
| Taxes, remuneration and social security | 45 | €6,088 | €16,434 | +€10,346 | +170% |
| Taxes | 450/3 | €644 | €14,087 | +€13,443 | +2,087% |
| Remuneration and social security | 454/9 | €5,444 | €2,347 | -€3,096 | -56.9% |
| Turnover | 70 | €425,831 | €423,061 | -€2,770 | -0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €301,926 | €260,582 | -€41,344 | -13.7% |
| Remuneration, social security and pensions | 62 | €108,458 | €117,358 | +€8,901 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,941 | €11,465 | +€524 | +4.8% |
| Other operating charges | 640/8 | €396 | €2,109 | +€1,714 | +433% |
| Gross operating margin | 9900 | €123,905 | €162,478 | +€38,574 | +31.1% |
| Operating profit (loss) | 9901 | €4,110 | €31,546 | +€27,435 | +667% |
| Financial income | 75/76B | €908 | €1,908 | +€1,000 | +110% |
| Recurring financial income | 75 | €908 | €1,908 | +€1,000 | +110% |
| Financial charges | 65/66B | €3,763 | €2,280 | -€1,483 | -39.4% |
| Recurring financial charges | 65 | €3,763 | €2,280 | -€1,483 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €1,255 | €31,174 | +€29,919 | +2,383% |
| Income taxes | 67/77 | €106 | €6,763 | +€6,657 | +6,259% |
| Profit (loss) for the period | 9904 | €1,149 | €24,411 | +€23,262 | +2,025% |
| Profit (loss) for the period to be appropriated | 9905 | €1,149 | €24,411 | +€23,262 | +2,025% |
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 17 October 2026 via checked.be.