GODIVELVET: 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.
GODIVELVET
Largest movements
- Cash +€63,496
up €63,496 (+102%), from €62,424 to €125,920
mainly Net result for the year (+€48,040) and Receivables within one year (+€18,377)
- Receivables within one year -€18,377
down €18,377 (-53.4%), from €34,395 to €16,019
of which Trade receivables: -€19,927
- Profit (loss) carried forward +€48,040
up €48,040 (+59.2%), from €81,196 to €129,236
- Other debts -€2,016
down €2,016 (-45.3%), from €4,448 to €2,432
- Gross operating margin -€12,080
down €12,080 (-16.1%), from €74,978 to €62,898
- Taxes -€2,631
down €2,631 (-16.8%), from €15,646 to €13,015
- Financial charges +€946
up €946 (+109%), from €864 to €1,811
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 | €98,966 | €145,127 | +€46,161 | +46.6% |
| Fixed assets | 21/28 | €2,147 | €3,189 | +€1,042 | +48.5% |
| Tangible fixed assets | 22/27 | €1,547 | €2,589 | +€1,042 | +67.3% |
| Plant, machinery and equipment | 23 | €924 | €1,966 | +€1,042 | +113% |
| Furniture and vehicles | 24 | €623 | €623 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €96,819 | €141,938 | +€45,119 | +46.6% |
| Amounts receivable within one year | 40/41 | €34,395 | €16,019 | -€18,377 | -53.4% |
| Trade receivables | 40 | €33,960 | €14,033 | -€19,927 | -58.7% |
| Other amounts receivable | 41 | €435 | €1,985 | +€1,551 | +357% |
| Cash at bank and in hand | 54/58 | €62,424 | €125,920 | +€63,496 | +102% |
| Total equity and liabilities | 10/49 | €98,966 | €145,127 | +€46,161 | +46.6% |
| Equity | 10/15 | €85,196 | €133,236 | +€48,040 | +56.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,196 | €129,236 | +€48,040 | +59.2% |
| Amounts payable | 17/49 | €13,770 | €11,891 | -€1,879 | -13.6% |
| Amounts payable within one year | 42/48 | €13,770 | €11,891 | -€1,879 | -13.6% |
| Trade debts | 44 | €94 | €118 | +€25 | +26.3% |
| Suppliers | 440/4 | €94 | €118 | +€25 | +26.3% |
| Taxes, remuneration and social security | 45 | €9,228 | €9,341 | +€112 | +1.2% |
| Taxes | 450/3 | €9,228 | €5,341 | -€3,888 | -42.1% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €4,448 | €2,432 | -€2,016 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €32 | -€409 | -92.7% |
| Other operating charges | 640/8 | €611 | - | -€611 | |
| Gross operating margin | 9900 | €74,978 | €62,898 | -€12,080 | -16.1% |
| Operating profit (loss) | 9901 | €73,925 | €62,866 | -€11,060 | -15.0% |
| Financial income | 75/76B | €734 | €0 | -€733 | -100.0% |
| Recurring financial income | 75 | €734 | €0 | -€733 | -100.0% |
| Financial charges | 65/66B | €864 | €1,811 | +€946 | +109% |
| Recurring financial charges | 65 | €864 | €1,811 | +€946 | +109% |
| Profit (loss) for the period before taxes | 9903 | €73,794 | €61,055 | -€12,739 | -17.3% |
| Income taxes | 67/77 | €15,646 | €13,015 | -€2,631 | -16.8% |
| Profit (loss) for the period | 9904 | €58,149 | €48,040 | -€10,109 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,149 | €48,040 | -€10,109 | -17.4% |
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.