Godri: 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.
Godri
Largest movements
- Tangible fixed assets -€23,209
down €23,209 (-8.5%), from €272,598 to €249,389
of which Plant, machinery and equipment: -€33,879
- Cash +€17,087
up €17,087 (+38.1%), from €44,904 to €61,990
mainly Depreciation (+€57,398) and Current portion of long-term debt (+€41,044)
- Intangible fixed assets -€9,917
down €9,917 (-45.6%), from €21,743 to €11,826
- Receivables within one year +€7,638
up €7,638 (+68.5%), from €11,157 to €18,795
of which Trade receivables: +€7,960
- Stocks and contracts -€6,028
down €6,028 (-94.5%), from €6,378 to €350
- Debts after one year -€80,081
down €80,081 (-37.9%), from €211,180 to €131,099
- Current portion of long-term debt +€41,044
new in 2025: €41,044
- Trade debts +€18,543
up €18,543 (+1103.0%), from €1,681 to €20,224
- Other debts -€11,814
down €11,814 (-30.9%), from €38,291 to €26,477
- Profit (loss) carried forward +€11,197
up €11,197 (+14.1%), from €79,164 to €90,360
- Depreciation +€16,695
up €16,695 (+41.0%), from €40,703 to €57,398
- Gross operating margin +€11,561
up €11,561 (+14.1%), from €82,258 to €93,818
- Other operating charges -€10,920
down €10,920 (-59.4%), from €18,376 to €7,457
- Financial charges +€7,416
up €7,416 (+430.7%), from €1,722 to €9,138
- Taxes +€3,869
up €3,869 (+81.3%), from €4,760 to €8,629
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 | €359,544 | €346,397 | -€13,146 | -3.7% |
| Fixed assets | 21/28 | €294,341 | €261,215 | -€33,126 | -11.3% |
| Intangible fixed assets | 21 | €21,743 | €11,826 | -€9,917 | -45.6% |
| Tangible fixed assets | 22/27 | €272,598 | €249,389 | -€23,209 | -8.5% |
| Land and buildings | 22 | €7,158 | €6,625 | -€533 | -7.4% |
| Plant, machinery and equipment | 23 | €255,371 | €221,492 | -€33,879 | -13.3% |
| Furniture and vehicles | 24 | €10,069 | €21,271 | +€11,203 | +111.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €65,202 | €85,182 | +€19,980 | +30.6% |
| Stocks and contracts in progress | 3 | €6,378 | €350 | -€6,028 | -94.5% |
| Stocks | 30/36 | €6,378 | €350 | -€6,028 | -94.5% |
| Amounts receivable within one year | 40/41 | €11,157 | €18,795 | +€7,638 | +68.5% |
| Trade receivables | 40 | €7,164 | €15,125 | +€7,960 | +111.1% |
| Other amounts receivable | 41 | €3,993 | €3,671 | -€322 | -8.1% |
| Cash at bank and in hand | 54/58 | €44,904 | €61,990 | +€17,087 | +38.1% |
| Deferred charges and accrued income | 490/1 | €2,763 | €4,046 | +€1,283 | +46.4% |
| Total equity and liabilities | 10/49 | €359,544 | €346,397 | -€13,146 | -3.7% |
| Equity | 10/15 | €96,860 | €108,057 | +€11,197 | +11.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,696 | €16,696 | = | 0.0% |
| Distributable reserves | 133 | €16,696 | €16,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,164 | €90,360 | +€11,197 | +14.1% |
| Amounts payable | 17/49 | €262,684 | €238,341 | -€24,343 | -9.3% |
| Amounts payable after more than one year | 17 | €211,180 | €131,099 | -€80,081 | -37.9% |
| Financial debts | 170/4 | €211,180 | €131,099 | -€80,081 | -37.9% |
| Amounts payable within one year | 42/48 | €51,503 | €107,242 | +€55,738 | +108.2% |
| Current portion of amounts payable after more than one year | 42 | - | €41,044 | +€41,044 | |
| Trade debts | 44 | €1,681 | €20,224 | +€18,543 | +1103.0% |
| Suppliers | 440/4 | €1,681 | €20,224 | +€18,543 | +1103.0% |
| Taxes, remuneration and social security | 45 | €11,531 | €19,496 | +€7,965 | +69.1% |
| Taxes | 450/3 | €11,531 | €19,496 | +€7,965 | +69.1% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €38,291 | €26,477 | -€11,814 | -30.9% |
| Non-recurring operating income | 76A | - | €380 | +€380 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,703 | €57,398 | +€16,695 | +41.0% |
| Other operating charges | 640/8 | €18,376 | €7,457 | -€10,920 | -59.4% |
| Gross operating margin | 9900 | €82,258 | €93,818 | +€11,561 | +14.1% |
| Operating profit (loss) | 9901 | €23,178 | €28,964 | +€5,786 | +25.0% |
| Financial charges | 65/66B | €1,722 | €9,138 | +€7,416 | +430.7% |
| Recurring financial charges | 65 | €1,722 | €9,138 | +€7,416 | +430.7% |
| Profit (loss) for the period before taxes | 9903 | €21,457 | €19,826 | -€1,631 | -7.6% |
| Income taxes | 67/77 | €4,760 | €8,629 | +€3,869 | +81.3% |
| Profit (loss) for the period | 9904 | €16,696 | €11,197 | -€5,499 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,696 | €11,197 | -€5,499 | -32.9% |
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 4 October 2026 via checked.be.