GODIZAR: 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.
GODIZAR
Largest movements
- Receivables after one year -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tangible fixed assets +€118,939
up €118,939 (+30.8%), from €386,086 to €505,025
of which Land and buildings: +€394,905
- Cash -€22,785
down €22,785 (-98.0%), from €23,252 to €466
mainly Short-term financial debts (-€509,303) and Investment in fixed assets (net) (-€134,436)
- Receivables within one year +€18,912
up €18,912 (+835.9%), from €2,263 to €21,175
of which Other amounts receivable: +€14,904
- Short-term financial debts -€509,303
down €509,303 (-97.9%), from €520,000 to €10,697
of which Other loans: -€520,000
- Reserves +€244,980
new in 2025: €244,980
- Debts after one year +€215,000
up €215,000, from €0 to €215,000
- Profit (loss) carried forward -€214,304
down €214,304 (-100.0%), from €214,304 to €0
- Tax, wage and social debts -€17,661
down €17,661 (-95.0%), from €18,586 to €925
- Gross operating margin -€24,426
down €24,426 (-27.5%), from €88,897 to €64,471
- Financial income -€12,130
down €12,130 (-48.8%), from €24,834 to €12,704
- Other operating charges +€9,205
up €9,205 (+1009.4%), from €912 to €10,117
- Taxes -€8,914
down €8,914 (-48.0%), from €18,586 to €9,672
- Financial charges -€6,429
down €6,429 (-40.8%), from €15,771 to €9,342
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 | €812,814 | €526,926 | -€285,888 | -35.2% |
| Fixed assets | 21/28 | €386,086 | €505,025 | +€118,939 | +30.8% |
| Tangible fixed assets | 22/27 | €386,086 | €505,025 | +€118,939 | +30.8% |
| Land and buildings | 22 | €77,660 | €472,565 | +€394,905 | +508.5% |
| Plant, machinery and equipment | 23 | €927 | €20,535 | +€19,608 | +2115.6% |
| Furniture and vehicles | 24 | - | €11,925 | +€11,925 | |
| Assets under construction and advance payments | 27 | €307,499 | €0 | -€307,499 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €426,728 | €21,901 | -€404,827 | -94.9% |
| Amounts receivable after more than one year | 29 | €400,000 | €0 | -€400,000 | -100.0% |
| Other amounts receivable | 291 | €400,000 | €0 | -€400,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,263 | €21,175 | +€18,912 | +835.9% |
| Trade receivables | 40 | €169 | €4,178 | +€4,009 | +2366.3% |
| Other amounts receivable | 41 | €2,093 | €16,997 | +€14,904 | +712.0% |
| Cash at bank and in hand | 54/58 | €23,252 | €466 | -€22,785 | -98.0% |
| Deferred charges and accrued income | 490/1 | €1,214 | €260 | -€954 | -78.6% |
| Total equity and liabilities | 10/49 | €812,814 | €526,926 | -€285,888 | -35.2% |
| Equity | 10/15 | €219,304 | €249,980 | +€30,676 | +14.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €244,980 | +€244,980 | |
| Distributable reserves | 133 | - | €244,980 | +€244,980 | |
| Profit (loss) carried forward | 14 | €214,304 | €0 | -€214,304 | -100.0% |
| Amounts payable | 17/49 | €593,510 | €276,946 | -€316,564 | -53.3% |
| Amounts payable after more than one year | 17 | €0 | €215,000 | +€215,000 | |
| Financial debts | 170/4 | €0 | €215,000 | +€215,000 | |
| Amounts payable within one year | 42/48 | €588,611 | €53,388 | -€535,223 | -90.9% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €520,000 | €10,697 | -€509,303 | -97.9% |
| Credit institutions | 430/8 | - | €10,697 | +€10,697 | |
| Other loans | 439 | €520,000 | - | -€520,000 | |
| Trade debts | 44 | €21,380 | €7,701 | -€13,679 | -64.0% |
| Suppliers | 440/4 | €21,380 | €7,701 | -€13,679 | -64.0% |
| Taxes, remuneration and social security | 45 | €18,586 | €925 | -€17,661 | -95.0% |
| Taxes | 450/3 | €18,586 | €925 | -€17,661 | -95.0% |
| Other amounts payable | 47/48 | €28,645 | €34,065 | +€5,420 | +18.9% |
| Accrued charges and deferred income | 492/3 | €4,899 | €8,558 | +€3,659 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,245 | €15,497 | +€6,251 | +67.6% |
| Other operating charges | 640/8 | €912 | €10,117 | +€9,205 | +1009.4% |
| Gross operating margin | 9900 | €88,897 | €64,471 | -€24,426 | -27.5% |
| Operating profit (loss) | 9901 | €78,740 | €38,857 | -€39,882 | -50.7% |
| Financial income | 75/76B | €24,834 | €12,704 | -€12,130 | -48.8% |
| Recurring financial income | 75 | €24,834 | €12,704 | -€12,130 | -48.8% |
| Financial charges | 65/66B | €15,771 | €9,342 | -€6,429 | -40.8% |
| Recurring financial charges | 65 | €15,771 | €9,342 | -€6,429 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €87,803 | €42,220 | -€45,583 | -51.9% |
| Income taxes | 67/77 | €18,586 | €9,672 | -€8,914 | -48.0% |
| Profit (loss) for the period | 9904 | €69,217 | €32,548 | -€36,669 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,217 | €32,548 | -€36,669 | -53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.