GODMAN: 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.
GODMAN
Largest movements
- Receivables within one year +€25,710
up €25,710 (+32.9%), from €78,061 to €103,771
of which Trade receivables: +€21,703
- Tangible fixed assets -€1,551
no longer reported in 2025 (was €1,551)
- Other debts +€10,500
up €10,500 (+1050.0%), from €1,000 to €11,500
- Profit (loss) carried forward +€7,239
up €7,239 (+17.0%), from €42,606 to €49,845
- Trade debts +€4,496
up €4,496 (+44.3%), from €10,156 to €14,652
- Tax, wage and social debts +€1,212
up €1,212 (+14.0%), from €8,633 to €9,845
- Depreciation -€6,008
down €6,008 (-79.5%), from €7,558 to €1,551
- Taxes +€1,854
up €1,854 (+237.2%), from €781 to €2,635
- Other operating charges -€1,257
down €1,257 (-77.7%), from €1,618 to €361
- Gross operating margin +€680
up €680 (+6.0%), from €11,336 to €12,016
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 | €80,395 | €103,841 | +€23,446 | +29.2% |
| Fixed assets | 21/28 | €1,551 | - | -€1,551 | |
| Tangible fixed assets | 22/27 | €1,551 | - | -€1,551 | |
| Furniture and vehicles | 24 | €1,551 | - | -€1,551 | |
| Current assets | 29/58 | €78,844 | €103,841 | +€24,997 | +31.7% |
| Amounts receivable within one year | 40/41 | €78,061 | €103,771 | +€25,710 | +32.9% |
| Trade receivables | 40 | €61,997 | €83,700 | +€21,703 | +35.0% |
| Other amounts receivable | 41 | €16,064 | €20,071 | +€4,007 | +24.9% |
| Cash at bank and in hand | 54/58 | €223 | €71 | -€152 | -68.3% |
| Deferred charges and accrued income | 490/1 | €560 | - | -€560 | |
| Total equity and liabilities | 10/49 | €80,395 | €103,841 | +€23,446 | +29.2% |
| Equity | 10/15 | €60,606 | €67,845 | +€7,239 | +11.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,606 | €49,845 | +€7,239 | +17.0% |
| Amounts payable | 17/49 | €19,789 | €35,997 | +€16,208 | +81.9% |
| Amounts payable within one year | 42/48 | €19,789 | €35,997 | +€16,208 | +81.9% |
| Trade debts | 44 | €10,156 | €14,652 | +€4,496 | +44.3% |
| Suppliers | 440/4 | €10,156 | €14,652 | +€4,496 | +44.3% |
| Taxes, remuneration and social security | 45 | €8,633 | €9,845 | +€1,212 | +14.0% |
| Taxes | 450/3 | €8,633 | €9,845 | +€1,212 | +14.0% |
| Other amounts payable | 47/48 | €1,000 | €11,500 | +€10,500 | +1050.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,558 | €1,551 | -€6,008 | -79.5% |
| Other operating charges | 640/8 | €1,618 | €361 | -€1,257 | -77.7% |
| Gross operating margin | 9900 | €11,336 | €12,016 | +€680 | +6.0% |
| Operating profit (loss) | 9901 | €2,160 | €10,104 | +€7,944 | +367.8% |
| Financial charges | 65/66B | €193 | €230 | +€37 | +19.3% |
| Recurring financial charges | 65 | €193 | €230 | +€37 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €1,967 | €9,874 | +€7,907 | +402.1% |
| Income taxes | 67/77 | €781 | €2,635 | +€1,854 | +237.2% |
| Profit (loss) for the period | 9904 | €1,185 | €7,239 | +€6,054 | +510.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,185 | €7,239 | +€6,054 | +510.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.