GODICHARD: 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.
GODICHARD
Largest movements
- Cash +€55,549
up €55,549 (+28.0%), from €198,471 to €254,020
mainly Net result for the year (+€98,621) and Depreciation (+€60,874)
- Tangible fixed assets -€40,478
down €40,478 (-13.7%), from €294,707 to €254,229
of which Furniture and vehicles: -€35,478
- Debts after one year -€79,309
down €79,309 (-29.2%), from €271,200 to €191,891
- Reserves +€50,000
up €50,000 (+157%), from €31,860 to €81,860
of which Distributable reserves: +€50,000
- Profit (loss) carried forward +€48,621
up €48,621 (+42.6%), from €114,227 to €162,848
- Gross operating margin +€92,369
up €92,369 (+59.8%), from €154,373 to €246,742
- Taxes +€19,000
up €19,000 (+100%), from €19,000 to €38,000
- Other operating charges +€4,554
up €4,554 (+249%), from €1,830 to €6,384
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631,583 | €647,911 | +€16,328 | +2.6% |
| Fixed assets | 21/28 | €338,584 | €293,779 | -€44,805 | -13.2% |
| Intangible fixed assets | 21 | €43,673 | €39,345 | -€4,328 | -9.9% |
| Tangible fixed assets | 22/27 | €294,707 | €254,229 | -€40,478 | -13.7% |
| Land and buildings | 22 | €46,250 | €46,250 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,043 | €17,043 | -€5,000 | -22.7% |
| Furniture and vehicles | 24 | €226,414 | €190,936 | -€35,478 | -15.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €292,999 | €354,132 | +€61,133 | +20.9% |
| Stocks and contracts in progress | 3 | €9,631 | €10,054 | +€423 | +4.4% |
| Stocks | 30/36 | €9,631 | €10,054 | +€423 | +4.4% |
| Amounts receivable within one year | 40/41 | €84,897 | €90,058 | +€5,161 | +6.1% |
| Trade receivables | 40 | €84,897 | €90,058 | +€5,161 | +6.1% |
| Cash at bank and in hand | 54/58 | €198,471 | €254,020 | +€55,549 | +28.0% |
| Total equity and liabilities | 10/49 | €631,583 | €647,911 | +€16,328 | +2.6% |
| Equity | 10/15 | €152,287 | €250,908 | +€98,621 | +64.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €81,860 | +€50,000 | +157% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €80,000 | +€50,000 | +167% |
| Profit (loss) carried forward | 14 | €114,227 | €162,848 | +€48,621 | +42.6% |
| Amounts payable | 17/49 | €479,296 | €397,003 | -€82,293 | -17.2% |
| Amounts payable after more than one year | 17 | €271,200 | €191,891 | -€79,309 | -29.2% |
| Financial debts | 170/4 | €271,200 | €191,891 | -€79,309 | -29.2% |
| Amounts payable within one year | 42/48 | €208,096 | €205,112 | -€2,984 | -1.4% |
| Trade debts | 44 | €184,722 | €180,100 | -€4,622 | -2.5% |
| Suppliers | 440/4 | €184,722 | €180,100 | -€4,622 | -2.5% |
| Taxes, remuneration and social security | 45 | €23,374 | €25,012 | +€1,638 | +7.0% |
| Taxes | 450/3 | €23,374 | €25,012 | +€1,638 | +7.0% |
| Remuneration, social security and pensions | 62 | €41,857 | €42,864 | +€1,007 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,661 | €60,874 | -€787 | -1.3% |
| Other operating charges | 640/8 | €1,830 | €6,384 | +€4,554 | +249% |
| Gross operating margin | 9900 | €154,373 | €246,742 | +€92,369 | +59.8% |
| Operating profit (loss) | 9901 | €49,025 | €136,621 | +€87,595 | +179% |
| Profit (loss) for the period before taxes | 9903 | €49,025 | €136,621 | +€87,595 | +179% |
| Income taxes | 67/77 | €19,000 | €38,000 | +€19,000 | +100% |
| Profit (loss) for the period | 9904 | €30,025 | €98,621 | +€68,595 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €30,025 | €98,621 | +€68,595 | +228% |
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 23 October 2026 via checked.be.