GODOT: 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.
GODOT
Largest movements
- Tangible fixed assets -€103,554
down €103,554 (-10.9%), from €951,116 to €847,563
of which Land and buildings: -€93,035
- Cash +€62,937
up €62,937 (+64.6%), from €97,468 to €160,406
mainly Depreciation (+€103,554) and Net result for the year (+€27,829)
- Debts after one year -€72,500
down €72,500 (-12.6%), from €575,000 to €502,500
- Reserves +€27,829
up €27,829 (+21.4%), from €130,120 to €157,949
of which Distributable reserves: +€26,433
- Depreciation -€7,773
down €7,773 (-7.0%), from €111,327 to €103,554
- Taxes +€3,220
up €3,220 (+24.3%), from €13,251 to €16,470
- Gross operating margin +€2,719
up €2,719 (+1.5%), from €177,014 to €179,733
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 | €1,139,289 | €1,090,263 | -€49,026 | -4.3% |
| Fixed assets | 21/28 | €1,029,116 | €925,563 | -€103,554 | -10.1% |
| Tangible fixed assets | 22/27 | €951,116 | €847,563 | -€103,554 | -10.9% |
| Land and buildings | 22 | €927,283 | €834,248 | -€93,035 | -10.0% |
| Furniture and vehicles | 24 | €23,834 | €13,315 | -€10,518 | -44.1% |
| Financial fixed assets | 28 | €78,000 | €78,000 | = | 0.0% |
| Current assets | 29/58 | €110,172 | €164,700 | +€54,527 | +49.5% |
| Amounts receivable after more than one year | 29 | €9,000 | - | -€9,000 | |
| Other amounts receivable | 291 | €9,000 | - | -€9,000 | |
| Amounts receivable within one year | 40/41 | €405 | €906 | +€502 | +124.0% |
| Trade receivables | 40 | €90 | €276 | +€187 | +208.3% |
| Other amounts receivable | 41 | €315 | €630 | +€315 | +100.0% |
| Cash at bank and in hand | 54/58 | €97,468 | €160,406 | +€62,937 | +64.6% |
| Deferred charges and accrued income | 490/1 | €3,299 | €3,388 | +€89 | +2.7% |
| Total equity and liabilities | 10/49 | €1,139,289 | €1,090,263 | -€49,026 | -4.3% |
| Equity | 10/15 | €530,557 | €558,386 | +€27,829 | +5.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €130,120 | €157,949 | +€27,829 | +21.4% |
| Non-distributable reserves | 130/1 | €24,597 | €25,993 | +€1,396 | +5.7% |
| Legal reserve | 130 | €24,597 | €25,993 | +€1,396 | +5.7% |
| Distributable reserves | 133 | €105,523 | €131,956 | +€26,433 | +25.0% |
| Profit (loss) carried forward | 14 | €437 | €437 | +€0 | 0.0% |
| Amounts payable | 17/49 | €608,731 | €531,876 | -€76,855 | -12.6% |
| Amounts payable after more than one year | 17 | €575,000 | €502,500 | -€72,500 | -12.6% |
| Other amounts payable | 178/9 | €575,000 | €502,500 | -€72,500 | -12.6% |
| Amounts payable within one year | 42/48 | €32,521 | €28,215 | -€4,307 | -13.2% |
| Taxes, remuneration and social security | 45 | €13,251 | €11,470 | -€1,780 | -13.4% |
| Taxes | 450/3 | €13,251 | €11,470 | -€1,780 | -13.4% |
| Other amounts payable | 47/48 | €19,271 | €16,744 | -€2,526 | -13.1% |
| Accrued charges and deferred income | 492/3 | €1,210 | €1,162 | -€49 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,327 | €103,554 | -€7,773 | -7.0% |
| Other operating charges | 640/8 | €14,958 | €15,552 | +€594 | +4.0% |
| Gross operating margin | 9900 | €177,014 | €179,733 | +€2,719 | +1.5% |
| Operating profit (loss) | 9901 | €50,729 | €60,627 | +€9,898 | +19.5% |
| Financial income | 75/76B | €630 | €315 | -€315 | -50.0% |
| Recurring financial income | 75 | €630 | €315 | -€315 | -50.0% |
| Financial charges | 65/66B | €16,594 | €16,643 | +€49 | +0.3% |
| Recurring financial charges | 65 | €16,594 | €16,643 | +€49 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €34,764 | €44,299 | +€9,535 | +27.4% |
| Income taxes | 67/77 | €13,251 | €16,470 | +€3,220 | +24.3% |
| Profit (loss) for the period | 9904 | €21,514 | €27,829 | +€6,315 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,514 | €27,829 | +€6,315 | +29.4% |
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 29 September 2026 via checked.be.