GODSCHALK: 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.
GODSCHALK
Largest movements
- Tangible fixed assets -€9,536
down €9,536 (-12.4%), from €76,917 to €67,380
of which Land and buildings: -€8,062
- Cash -€8,359
down €8,359 (-50.7%), from €16,472 to €8,113
mainly Contributions, distributions and other (-€32,479) and Advances received (-€3,407)
- Receivables within one year -€4,670
down €4,670 (-19.0%), from €24,575 to €19,904
of which Other amounts receivable: -€3,827
- Reserves -€25,474
down €25,474 (-100%), from €25,474 to €0
of which Distributable reserves: -€25,474
- Other debts +€7,005
new in 2025: €7,005
- Advances received -€3,407
down €3,407 (-19.6%), from €17,363 to €13,957
- Trade debts -€1,966
down €1,966 (-75.8%), from €2,594 to €628
- Gross operating margin +€2,879
up €2,879 (+17.0%), from €16,984 to €19,863
- Other operating charges -€1,057
down €1,057 (-22.4%), from €4,720 to €3,662
- Depreciation -€261
down €261 (-2.6%), from €10,198 to €9,936
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 | €120,230 | €97,430 | -€22,800 | -19.0% |
| Fixed assets | 21/28 | €77,857 | €67,921 | -€9,936 | -12.8% |
| Intangible fixed assets | 21 | €940 | €540 | -€400 | -42.5% |
| Tangible fixed assets | 22/27 | €76,917 | €67,380 | -€9,536 | -12.4% |
| Land and buildings | 22 | €74,413 | €66,351 | -€8,062 | -10.8% |
| Plant, machinery and equipment | 23 | €2,133 | €1,029 | -€1,104 | -51.7% |
| Furniture and vehicles | 24 | €370 | €0 | -€370 | -100% |
| Current assets | 29/58 | €42,373 | €29,510 | -€12,864 | -30.4% |
| Amounts receivable within one year | 40/41 | €24,575 | €19,904 | -€4,670 | -19.0% |
| Trade receivables | 40 | €1,358 | €515 | -€843 | -62.1% |
| Other amounts receivable | 41 | €23,217 | €19,389 | -€3,827 | -16.5% |
| Cash at bank and in hand | 54/58 | €16,472 | €8,113 | -€8,359 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,326 | €1,492 | +€166 | +12.5% |
| Total equity and liabilities | 10/49 | €120,230 | €97,430 | -€22,800 | -19.0% |
| Equity | 10/15 | €99,874 | €74,400 | -€25,474 | -25.5% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €25,474 | €0 | -€25,474 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,474 | €0 | -€25,474 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,356 | €23,030 | +€2,674 | +13.1% |
| Amounts payable within one year | 42/48 | €20,356 | €23,030 | +€2,674 | +13.1% |
| Trade debts | 44 | €2,594 | €628 | -€1,966 | -75.8% |
| Suppliers | 440/4 | €2,594 | €628 | -€1,966 | -75.8% |
| Advances received on contracts in progress | 46 | €17,363 | €13,957 | -€3,407 | -19.6% |
| Taxes, remuneration and social security | 45 | €399 | €1,441 | +€1,042 | +261% |
| Taxes | 450/3 | €399 | €1,441 | +€1,042 | +261% |
| Other amounts payable | 47/48 | - | €7,005 | +€7,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,198 | €9,936 | -€261 | -2.6% |
| Other operating charges | 640/8 | €4,720 | €3,662 | -€1,057 | -22.4% |
| Gross operating margin | 9900 | €16,984 | €19,863 | +€2,879 | +17.0% |
| Operating profit (loss) | 9901 | €2,066 | €6,265 | +€4,198 | +203% |
| Financial income | 75/76B | €1,154 | €1,176 | +€21 | +1.9% |
| Recurring financial income | 75 | €1,154 | €1,176 | +€21 | +1.9% |
| Financial charges | 65/66B | €130 | €45 | -€85 | -65.6% |
| Recurring financial charges | 65 | €130 | €45 | -€85 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €3,090 | €7,396 | +€4,305 | +139% |
| Income taxes | 67/77 | €399 | €391 | -€8 | -2.1% |
| Profit (loss) for the period | 9904 | €2,691 | €7,005 | +€4,313 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €2,691 | €7,005 | +€4,313 | +160% |
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 16 October 2026 via checked.be.