GODIA: 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.
GODIA
Largest movements
- Cash -€38,947
down €38,947 (-84.9%), from €45,870 to €6,923
mainly Investment in fixed assets (net) (-€39,194) and Current investments (-€36,400)
- Current investments +€36,400
new in 2025: €36,400
- Tangible fixed assets +€26,460
up €26,460 (+218.1%), from €12,134 to €38,593
of which Plant, machinery and equipment: +€19,215
- Receivables within one year -€23,182
down €23,182 (-26.2%), from €88,428 to €65,246
of which Other amounts receivable: -€38,591
- Receivables after one year +€11,250
up €11,250 (+50.9%), from €22,082 to €33,332
- Trade debts +€11,129
up €11,129 (+36.4%), from €30,615 to €41,744
- Current portion of long-term debt -€9,905
no longer reported in 2025 (was €9,905)
- Profit (loss) carried forward +€5,760
up €5,760 (+4.8%), from €119,014 to €124,775
- Tax, wage and social debts +€5,381
up €5,381 (+38.9%), from €13,848 to €19,229
of which Remuneration and social security: +€11,181
- Advances received +€4,333
new in 2025: €4,333
- Staff costs +€40,607
up €40,607 (+58.3%), from €69,655 to €110,262
- Gross operating margin +€37,368
up €37,368 (+38.8%), from €96,387 to €133,755
- Other operating charges +€1,883
up €1,883 (+66.5%), from €2,834 to €4,717
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 | €186,082 | €202,780 | +€16,698 | +9.0% |
| Fixed assets | 21/28 | €12,134 | €38,593 | +€26,460 | +218.1% |
| Tangible fixed assets | 22/27 | €12,134 | €38,593 | +€26,460 | +218.1% |
| Plant, machinery and equipment | 23 | €3,388 | €22,603 | +€19,215 | +567.1% |
| Furniture and vehicles | 24 | €193 | €2,120 | +€1,927 | +997.4% |
| Leasing and similar rights | 25 | €8,552 | - | -€8,552 | |
| Other tangible fixed assets | 26 | - | €13,870 | +€13,870 | |
| Current assets | 29/58 | €173,949 | €164,187 | -€9,762 | -5.6% |
| Amounts receivable after more than one year | 29 | €22,082 | €33,332 | +€11,250 | +50.9% |
| Other amounts receivable | 291 | €22,082 | €33,332 | +€11,250 | +50.9% |
| Stocks and contracts in progress | 3 | €15,512 | €21,147 | +€5,635 | +36.3% |
| Stocks | 30/36 | €15,512 | €21,147 | +€5,635 | +36.3% |
| Amounts receivable within one year | 40/41 | €88,428 | €65,246 | -€23,182 | -26.2% |
| Trade receivables | 40 | €24,958 | €40,367 | +€15,409 | +61.7% |
| Other amounts receivable | 41 | €63,470 | €24,878 | -€38,591 | -60.8% |
| Current investments | 50/53 | - | €36,400 | +€36,400 | |
| Cash at bank and in hand | 54/58 | €45,870 | €6,923 | -€38,947 | -84.9% |
| Deferred charges and accrued income | 490/1 | €2,056 | €1,139 | -€918 | -44.6% |
| Total equity and liabilities | 10/49 | €186,082 | €202,780 | +€16,698 | +9.0% |
| Equity | 10/15 | €131,714 | €137,475 | +€5,760 | +4.4% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Outside capital | 11 | €10,700 | €10,700 | = | 0.0% |
| Other | 1109/19 | €10,700 | €10,700 | = | 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 | €119,014 | €124,775 | +€5,760 | +4.8% |
| Amounts payable | 17/49 | €54,368 | €65,305 | +€10,938 | +20.1% |
| Amounts payable within one year | 42/48 | €54,368 | €65,305 | +€10,938 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €9,905 | - | -€9,905 | |
| Trade debts | 44 | €30,615 | €41,744 | +€11,129 | +36.4% |
| Suppliers | 440/4 | €30,615 | €41,744 | +€11,129 | +36.4% |
| Advances received on contracts in progress | 46 | - | €4,333 | +€4,333 | |
| Taxes, remuneration and social security | 45 | €13,848 | €19,229 | +€5,381 | +38.9% |
| Taxes | 450/3 | €7,777 | €1,977 | -€5,800 | -74.6% |
| Remuneration and social security | 454/9 | €6,071 | €17,252 | +€11,181 | +184.2% |
| Remuneration, social security and pensions | 62 | €69,655 | €110,262 | +€40,607 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,499 | €12,734 | +€235 | +1.9% |
| Other operating charges | 640/8 | €2,834 | €4,717 | +€1,883 | +66.5% |
| Gross operating margin | 9900 | €96,387 | €133,755 | +€37,368 | +38.8% |
| Operating profit (loss) | 9901 | €11,399 | €6,041 | -€5,358 | -47.0% |
| Financial income | 75/76B | €3,535 | €3,935 | +€400 | +11.3% |
| Recurring financial income | 75 | €3,535 | €3,935 | +€400 | +11.3% |
| Financial charges | 65/66B | €2,610 | €2,239 | -€371 | -14.2% |
| Recurring financial charges | 65 | €2,610 | €2,239 | -€371 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €12,324 | €7,737 | -€4,587 | -37.2% |
| Income taxes | 67/77 | €3,009 | €1,977 | -€1,032 | -34.3% |
| Profit (loss) for the period | 9904 | €9,315 | €5,760 | -€3,555 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,315 | €5,760 | -€3,555 | -38.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.