GODIM CONSTRUCT: 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.
GODIM CONSTRUCT
Largest movements
- Receivables within one year -€349,748
down €349,748 (-62.0%), from €564,089 to €214,341
of which Trade receivables: -€357,794
- Tangible fixed assets +€180,612
up €180,612 (+93.2%), from €193,854 to €374,466
of which Assets under construction and advance payments: +€157,332
- Cash +€93,090
up €93,090 (+91.4%), from €101,796 to €194,886
mainly Receivables within one year (+€349,748) and Debts after one year (+€119,892)
- Trade debts -€122,319
down €122,319 (-79.9%), from €152,997 to €30,677
- Debts after one year +€119,892
up €119,892 (+152.1%), from €78,805 to €198,697
- Other debts -€85,183
down €85,183 (-81.5%), from €104,570 to €19,387
- Reserves +€9,353
up €9,353 (+2.1%), from €443,054 to €452,407
- Gross operating margin -€192,039
down €192,039 (-58.6%), from €327,879 to €135,840
- Staff costs -€31,305
down €31,305 (-26.8%), from €116,766 to €85,462
- Depreciation -€11,236
down €11,236 (-37.0%), from €30,340 to €19,104
- Taxes -€10,822
down €10,822 (-57.5%), from €18,817 to €7,996
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.
Cash bridge derived
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 | €868,094 | €790,597 | -€77,497 | -8.9% |
| Fixed assets | 21/28 | €193,854 | €374,466 | +€180,612 | +93.2% |
| Tangible fixed assets | 22/27 | €193,854 | €374,466 | +€180,612 | +93.2% |
| Land and buildings | 22 | €148,200 | €138,000 | -€10,200 | -6.9% |
| Plant, machinery and equipment | 23 | €21,752 | €41,831 | +€20,079 | +92.3% |
| Furniture and vehicles | 24 | €23,902 | €37,302 | +€13,401 | +56.1% |
| Assets under construction and advance payments | 27 | - | €157,332 | +€157,332 | |
| Current assets | 29/58 | €674,240 | €416,131 | -€258,110 | -38.3% |
| Amounts receivable within one year | 40/41 | €564,089 | €214,341 | -€349,748 | -62.0% |
| Trade receivables | 40 | €542,480 | €184,686 | -€357,794 | -66.0% |
| Other amounts receivable | 41 | €21,609 | €29,655 | +€8,046 | +37.2% |
| Cash at bank and in hand | 54/58 | €101,796 | €194,886 | +€93,090 | +91.4% |
| Deferred charges and accrued income | 490/1 | €8,356 | €6,904 | -€1,452 | -17.4% |
| Total equity and liabilities | 10/49 | €868,094 | €790,597 | -€77,497 | -8.9% |
| Equity | 10/15 | €463,054 | €472,407 | +€9,353 | +2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €443,054 | €452,407 | +€9,353 | +2.1% |
| Distributable reserves | 133 | €443,054 | €452,407 | +€9,353 | +2.1% |
| Amounts payable | 17/49 | €405,040 | €318,189 | -€86,850 | -21.4% |
| Amounts payable after more than one year | 17 | €78,805 | €198,697 | +€119,892 | +152.1% |
| Financial debts | 170/4 | €78,805 | €198,697 | +€119,892 | +152.1% |
| Amounts payable within one year | 42/48 | €326,234 | €119,492 | -€206,742 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €6,066 | - | -€6,066 | |
| Trade debts | 44 | €152,997 | €30,677 | -€122,319 | -79.9% |
| Suppliers | 440/4 | €152,997 | €30,677 | -€122,319 | -79.9% |
| Taxes, remuneration and social security | 45 | €62,602 | €69,428 | +€6,826 | +10.9% |
| Taxes | 450/3 | €40,801 | €48,797 | +€7,996 | +19.6% |
| Remuneration and social security | 454/9 | €21,801 | €20,631 | -€1,169 | -5.4% |
| Other amounts payable | 47/48 | €104,570 | €19,387 | -€85,183 | -81.5% |
| Remuneration, social security and pensions | 62 | €116,766 | €85,462 | -€31,305 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,340 | €19,104 | -€11,236 | -37.0% |
| Other operating charges | 640/8 | €12,662 | €10,667 | -€1,995 | -15.8% |
| Gross operating margin | 9900 | €327,879 | €135,840 | -€192,039 | -58.6% |
| Operating profit (loss) | 9901 | €168,110 | €20,606 | -€147,504 | -87.7% |
| Financial charges | 65/66B | €175 | €3,258 | +€3,083 | +1762.5% |
| Recurring financial charges | 65 | €175 | €3,258 | +€3,083 | +1762.5% |
| Profit (loss) for the period before taxes | 9903 | €167,935 | €17,349 | -€150,587 | -89.7% |
| Income taxes | 67/77 | €18,817 | €7,996 | -€10,822 | -57.5% |
| Profit (loss) for the period | 9904 | €149,118 | €9,353 | -€139,765 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,118 | €9,353 | -€139,765 | -93.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.