GODIN CHAUFFAGE: what changed
GODIN CHAUFFAGE
Largest movements
- Receivables within one year +€31,872
up €31,872 (+34.3%), from €93,053 to €124,925
- Intangible fixed assets +€17,614
up €17,614 (+203%), from €8,698 to €26,311
- Cash +€10,310
up €10,310 (+206%), from €5,000 to €15,310
mainly Debts after one year (+€25,935) and Other debts (+€19,005)
- Tangible fixed assets -€6,433
down €6,433 (-22.7%), from €28,314 to €21,880
of which Furniture and vehicles: -€3,408
- Stocks and contracts -€3,355
down €3,355 (-30.3%), from €11,086 to €7,731
- Debts after one year +€25,935
new in 2025: €25,935
- Other debts +€19,005
up €19,005 (+153%), from €12,455 to €31,461
- Profit (loss) carried forward -€12,431
down €12,431, from €10,032 to -€2,398
- Current portion of long-term debt +€9,307
new in 2025: €9,307
- Trade debts +€5,441
up €5,441 (+4.7%), from €116,262 to €121,704
- Gross operating margin -€10,205
down €10,205 (-39.1%), from €26,068 to €15,863
- Staff costs +€8,260
up €8,260 (+110%), from €7,477 to €15,738
- Depreciation +€6,063
up €6,063 (+164%), from €3,696 to €9,759
- Taxes -€4,135
no longer reported in 2025 (was €4,135)
- Financial charges +€1,438
up €1,438 (+1,788%), from €80 to €1,519
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,885 | €198,385 | +€50,500 | +34.1% |
| Formation expenses | 20 | €1,733 | €1,382 | -€351 | -20.2% |
| Fixed assets | 21/28 | €37,012 | €48,192 | +€11,180 | +30.2% |
| Intangible fixed assets | 21 | €8,698 | €26,311 | +€17,614 | +203% |
| Tangible fixed assets | 22/27 | €28,314 | €21,880 | -€6,433 | -22.7% |
| Plant, machinery and equipment | 23 | €13,613 | €10,588 | -€3,025 | -22.2% |
| Furniture and vehicles | 24 | €14,701 | €11,293 | -€3,408 | -23.2% |
| Current assets | 29/58 | €109,140 | €148,811 | +€39,671 | +36.3% |
| Stocks and contracts in progress | 3 | €11,086 | €7,731 | -€3,355 | -30.3% |
| Stocks | 30/36 | €11,086 | €7,731 | -€3,355 | -30.3% |
| Amounts receivable within one year | 40/41 | €93,053 | €124,925 | +€31,872 | +34.3% |
| Trade receivables | 40 | €93,053 | €124,925 | +€31,872 | +34.3% |
| Cash at bank and in hand | 54/58 | €5,000 | €15,310 | +€10,310 | +206% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €147,885 | €198,385 | +€50,500 | +34.1% |
| Equity | 10/15 | €15,032 | €2,602 | -€12,431 | -82.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,032 | -€2,398 | -€12,431 | |
| Amounts payable | 17/49 | €132,852 | €195,783 | +€62,931 | +47.4% |
| Amounts payable after more than one year | 17 | - | €25,935 | +€25,935 | |
| Financial debts | 170/4 | - | €25,935 | +€25,935 | |
| Amounts payable within one year | 42/48 | €132,852 | €169,849 | +€36,996 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,307 | +€9,307 | |
| Trade debts | 44 | €116,262 | €121,704 | +€5,441 | +4.7% |
| Suppliers | 440/4 | €116,262 | €121,704 | +€5,441 | +4.7% |
| Taxes, remuneration and social security | 45 | €4,135 | €7,378 | +€3,243 | +78.4% |
| Taxes | 450/3 | €4,135 | €2,000 | -€2,135 | -51.6% |
| Remuneration and social security | 454/9 | - | €5,378 | +€5,378 | |
| Other amounts payable | 47/48 | €12,455 | €31,461 | +€19,005 | +153% |
| Remuneration, social security and pensions | 62 | €7,477 | €15,738 | +€8,260 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,696 | €9,759 | +€6,063 | +164% |
| Other operating charges | 640/8 | €647 | €1,309 | +€662 | +102% |
| Gross operating margin | 9900 | €26,068 | €15,863 | -€10,205 | -39.1% |
| Operating profit (loss) | 9901 | €14,247 | -€10,943 | -€25,190 | |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €80 | €1,519 | +€1,438 | +1,788% |
| Recurring financial charges | 65 | €80 | €1,519 | +€1,438 | +1,788% |
| Profit (loss) for the period before taxes | 9903 | €14,167 | -€12,431 | -€26,598 | |
| Income taxes | 67/77 | €4,135 | - | -€4,135 | |
| Profit (loss) for the period | 9904 | €10,032 | -€12,431 | -€22,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,032 | -€12,431 | -€22,463 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.