GODNET: 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.
GODNET
Largest movements
- Cash -€114,022
down €114,022 (-49.9%), from €228,333 to €114,310
mainly Current investments (-€113,543) and Contributions, distributions and other (-€36,326)
- Current investments +€113,543
new in 2025: €113,543
- Receivables within one year +€14,264
up €14,264 (+227%), from €6,271 to €20,535
of which Trade receivables: +€9,064
- Tangible fixed assets -€7,731
down €7,731 (-15.4%), from €50,040 to €42,309
of which Furniture and vehicles: -€7,751
- Tax, wage and social debts -€29,197
down €29,197 (-71.9%), from €40,614 to €11,417
- Other debts +€24,770
new in 2025: €24,770
- Reserves +€11,722
up €11,722 (+5.0%), from €236,773 to €248,495
of which Distributable reserves: +€11,722
- Financial charges +€7,266
up €7,266 (+2,276%), from €319 to €7,585
- Taxes +€5,286
up €5,286 (+20.9%), from €25,241 to €30,527
- Other operating charges -€4,994
down €4,994 (-85.5%), from €5,843 to €849
- Gross operating margin +€2,081
up €2,081 (+2.2%), from €93,902 to €95,983
- Financial income +€1,639
up €1,639 (+86.0%), from €1,906 to €3,545
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 | €286,868 | €292,628 | +€5,760 | +2.0% |
| Fixed assets | 21/28 | €50,075 | €42,344 | -€7,731 | -15.4% |
| Tangible fixed assets | 22/27 | €50,040 | €42,309 | -€7,731 | -15.4% |
| Furniture and vehicles | 24 | €40,668 | €32,917 | -€7,751 | -19.1% |
| Other tangible fixed assets | 26 | €9,372 | €9,392 | +€20 | +0.2% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €236,793 | €250,284 | +€13,491 | +5.7% |
| Amounts receivable within one year | 40/41 | €6,271 | €20,535 | +€14,264 | +227% |
| Trade receivables | 40 | €605 | €9,669 | +€9,064 | +1,498% |
| Other amounts receivable | 41 | €5,666 | €10,866 | +€5,200 | +91.8% |
| Current investments | 50/53 | - | €113,543 | +€113,543 | |
| Cash at bank and in hand | 54/58 | €228,333 | €114,310 | -€114,022 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,190 | €1,895 | -€295 | -13.5% |
| Total equity and liabilities | 10/49 | €286,868 | €292,628 | +€5,760 | +2.0% |
| Equity | 10/15 | €242,973 | €254,695 | +€11,722 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €236,773 | €248,495 | +€11,722 | +5.0% |
| Tax-exempt reserves | 132 | €14,750 | €14,750 | = | 0.0% |
| Distributable reserves | 133 | €222,023 | €233,745 | +€11,722 | +5.3% |
| Amounts payable | 17/49 | €43,895 | €37,933 | -€5,962 | -13.6% |
| Amounts payable within one year | 42/48 | €43,693 | €37,859 | -€5,833 | -13.4% |
| Trade debts | 44 | €3,079 | €1,672 | -€1,407 | -45.7% |
| Suppliers | 440/4 | €3,079 | €1,672 | -€1,407 | -45.7% |
| Taxes, remuneration and social security | 45 | €40,614 | €11,417 | -€29,197 | -71.9% |
| Taxes | 450/3 | €40,614 | €11,417 | -€29,197 | -71.9% |
| Other amounts payable | 47/48 | - | €24,770 | +€24,770 | |
| Accrued charges and deferred income | 492/3 | €203 | €74 | -€129 | -63.6% |
| Non-recurring operating income | 76A | €92 | - | -€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,104 | €12,519 | +€415 | +3.4% |
| Other operating charges | 640/8 | €5,843 | €849 | -€4,994 | -85.5% |
| Non-recurring operating charges | 66A | €2,304 | - | -€2,304 | |
| Gross operating margin | 9900 | €93,902 | €95,983 | +€2,081 | +2.2% |
| Operating profit (loss) | 9901 | €73,650 | €82,615 | +€8,964 | +12.2% |
| Financial income | 75/76B | €1,906 | €3,545 | +€1,639 | +86.0% |
| Recurring financial income | 75 | €1,906 | €3,545 | +€1,639 | +86.0% |
| Financial charges | 65/66B | €319 | €7,585 | +€7,266 | +2,276% |
| Recurring financial charges | 65 | €319 | €7,585 | +€7,266 | +2,276% |
| Profit (loss) for the period before taxes | 9903 | €75,237 | €78,575 | +€3,338 | +4.4% |
| Income taxes | 67/77 | €25,241 | €30,527 | +€5,286 | +20.9% |
| Profit (loss) for the period | 9904 | €49,996 | €48,048 | -€1,947 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,996 | €48,048 | -€1,947 | -3.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.