GODOY: 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.
GODOY
Largest movements
- Receivables within one year +€22,977
up €22,977 (+144%), from €16,005 to €38,982
of which Trade receivables: +€24,364
- Cash -€5,933
down €5,933 (-30.7%), from €19,307 to €13,374
mainly Receivables within one year (-€22,977) and Contributions, distributions and other (-€22,287)
- Tangible fixed assets +€5,308
up €5,308 (+103%), from €5,148 to €10,457
of which Furniture and vehicles: +€3,778
- Deferred charges and accrued income +€2,312
up €2,312 (+53.5%), from €4,323 to €6,635
- Other debts +€18,919
new in 2025: €18,919
- Trade debts +€9,596
up €9,596 (+319,877%), from €3 to €9,599
- Reserves -€8,123
down €8,123 (-36.4%), from €22,287 to €14,164
- Tax, wage and social debts +€3,817
up €3,817 (+100%), from €3,799 to €7,615
- Gross operating margin +€61,120
up €61,120, from -€39,306 to €21,814
- Depreciation +€1,644
up €1,644 (+113%), from €1,449 to €3,093
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 | €44,783 | €69,448 | +€24,665 | +55.1% |
| Fixed assets | 21/28 | €5,148 | €10,457 | +€5,308 | +103% |
| Tangible fixed assets | 22/27 | €5,148 | €10,457 | +€5,308 | +103% |
| Plant, machinery and equipment | 23 | €2,062 | €2,107 | +€45 | +2.2% |
| Furniture and vehicles | 24 | €3,086 | €6,863 | +€3,778 | +122% |
| Other tangible fixed assets | 26 | - | €1,486 | +€1,486 | |
| Current assets | 29/58 | €39,635 | €58,991 | +€19,356 | +48.8% |
| Amounts receivable within one year | 40/41 | €16,005 | €38,982 | +€22,977 | +144% |
| Trade receivables | 40 | €14,298 | €38,662 | +€24,364 | +170% |
| Other amounts receivable | 41 | €1,707 | €320 | -€1,387 | -81.3% |
| Cash at bank and in hand | 54/58 | €19,307 | €13,374 | -€5,933 | -30.7% |
| Deferred charges and accrued income | 490/1 | €4,323 | €6,635 | +€2,312 | +53.5% |
| Total equity and liabilities | 10/49 | €44,783 | €69,448 | +€24,665 | +55.1% |
| Equity | 10/15 | €40,887 | €32,764 | -€8,123 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,287 | €14,164 | -€8,123 | -36.4% |
| Distributable reserves | 133 | €22,287 | €14,164 | -€8,123 | -36.4% |
| Amounts payable | 17/49 | €3,896 | €36,684 | +€32,788 | +842% |
| Amounts payable within one year | 42/48 | €3,896 | €36,684 | +€32,788 | +842% |
| Financial debts | 43 | €94 | €550 | +€456 | +485% |
| Credit institutions | 430/8 | €94 | €550 | +€456 | +485% |
| Trade debts | 44 | €3 | €9,599 | +€9,596 | +319,877% |
| Suppliers | 440/4 | €3 | €9,599 | +€9,596 | +319,877% |
| Taxes, remuneration and social security | 45 | €3,799 | €7,615 | +€3,817 | +100% |
| Taxes | 450/3 | €3,799 | €7,615 | +€3,817 | +100% |
| Other amounts payable | 47/48 | - | €18,919 | +€18,919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €3,093 | +€1,644 | +113% |
| Other operating charges | 640/8 | €181 | €253 | +€72 | +39.5% |
| Gross operating margin | 9900 | -€39,306 | €21,814 | +€61,120 | |
| Operating profit (loss) | 9901 | -€40,936 | €18,468 | +€59,405 | |
| Financial income | 75/76B | €278 | €97 | -€181 | -65.0% |
| Recurring financial income | 75 | €278 | €97 | -€181 | -65.0% |
| Financial charges | 65/66B | €3,823 | €4,014 | +€191 | +5.0% |
| Recurring financial charges | 65 | €3,823 | €4,014 | +€191 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,481 | €14,551 | +€59,032 | |
| Income taxes | 67/77 | €423 | €387 | -€35 | -8.3% |
| Profit (loss) for the period | 9904 | -€44,904 | €14,164 | +€59,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,904 | €14,164 | +€59,068 |
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 18 October 2026 via checked.be.