GODSHUIS COMINES: 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.
What changed
GODSHUIS COMINES
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€33,839
2025 · €39,710-€5,871
Equity
€263,960
2025 · €230,121+€33,839
Cash
€106,342
2025 · €106,753-€411
Balance sheet total
€978,508
2025 · €1.0m-€45,342
Largest movements
Assets
- Tangible fixed assets -€45,956
down €45,956 (-5.0%), from €912,813 to €866,857
Equity and liabilities
- Debts after one year -€41,127
down €41,127 (-9.5%), from €434,247 to €393,120
- Trade debts -€38,416
down €38,416 (-56.3%), from €68,255 to €29,839
- Reserves +€33,839
up €33,839 (+23.5%), from €143,983 to €177,822
of which Distributable reserves: +€33,839
Income statement
- Staff costs +€9,366
up €9,366 (+81.6%), from €11,483 to €20,849
- Taxes -€2,106
down €2,106 (-15.5%), from €13,569 to €11,463
- Gross operating margin +€1,525
up €1,525 (+1.1%), from €143,587 to €145,112
From the 2025 result to the 2026 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.
Result 2025
€39,710
Gross operating margin
+€1,525
Staff costs
-€9,366
Other operating charges
-€621
Financial income
+€4
Financial charges
+€482
Taxes
+€2,106
Result 2026
€33,839
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€40,228
Investment
€0
Financing
-€40,639
Cash 2025
€106,753
From operations (derived)
+€40,228
Net result for the year
+€33,839
Depreciation
+€45,956
Receivables within one year
-€976
Deferred charges and accrued income
-€49
Trade debts
-€38,416
Tax, wage and social debts
-€801
Advances received
+€139
Other debts
-€402
Accrued charges and deferred income
+€937
Financing
-€40,639
Debts after one year
-€41,127
Current portion of long-term debt
+€489
Cash 2026
€106,342
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,023,851 | €978,508 | -€45,342 | -4.4% |
| Fixed assets | 21/28 | €912,813 | €866,857 | -€45,956 | -5.0% |
| Tangible fixed assets | 22/27 | €912,813 | €866,857 | -€45,956 | -5.0% |
| Land and buildings | 22 | €912,813 | €866,857 | -€45,956 | -5.0% |
| Current assets | 29/58 | €111,037 | €111,651 | +€614 | +0.6% |
| Amounts receivable within one year | 40/41 | €121 | €1,097 | +€976 | +807% |
| Trade receivables | 40 | €121 | €61 | -€61 | -50.0% |
| Other amounts receivable | 41 | - | €1,037 | +€1,037 | |
| Cash at bank and in hand | 54/58 | €106,753 | €106,342 | -€411 | -0.4% |
| Deferred charges and accrued income | 490/1 | €4,163 | €4,212 | +€49 | +1.2% |
| Total equity and liabilities | 10/49 | €1,023,851 | €978,508 | -€45,342 | -4.4% |
| Equity | 10/15 | €230,121 | €263,960 | +€33,839 | +14.7% |
| Contributions | 10/11 | €62,469 | €62,469 | = | 0.0% |
| Capital | 10 | €62,469 | €62,469 | = | 0.0% |
| Issued capital | 100 | €62,469 | €62,469 | = | 0.0% |
| Reserves | 13 | €143,983 | €177,822 | +€33,839 | +23.5% |
| Non-distributable reserves | 130/1 | €7,146 | €7,146 | = | 0.0% |
| Legal reserve | 130 | €7,146 | €7,146 | = | 0.0% |
| Distributable reserves | 133 | €136,837 | €170,675 | +€33,839 | +24.7% |
| Profit (loss) carried forward | 14 | €23,669 | €23,669 | = | 0.0% |
| Amounts payable | 17/49 | €793,730 | €714,549 | -€79,181 | -10.0% |
| Amounts payable after more than one year | 17 | €434,247 | €393,120 | -€41,127 | -9.5% |
| Financial debts | 170/4 | €434,247 | €393,120 | -€41,127 | -9.5% |
| Amounts payable within one year | 42/48 | €352,849 | €313,858 | -€38,991 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €40,639 | €41,127 | +€489 | +1.2% |
| Trade debts | 44 | €68,255 | €29,839 | -€38,416 | -56.3% |
| Suppliers | 440/4 | €68,255 | €29,839 | -€38,416 | -56.3% |
| Advances received on contracts in progress | 46 | €121 | €260 | +€139 | +115% |
| Taxes, remuneration and social security | 45 | €3,115 | €2,314 | -€801 | -25.7% |
| Taxes | 450/3 | €1,741 | €775 | -€966 | -55.5% |
| Remuneration and social security | 454/9 | €1,374 | €1,539 | +€165 | +12.0% |
| Other amounts payable | 47/48 | €240,719 | €240,317 | -€402 | -0.2% |
| Accrued charges and deferred income | 492/3 | €6,634 | €7,570 | +€937 | +14.1% |
| Remuneration, social security and pensions | 62 | €11,483 | €20,849 | +€9,366 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,956 | €45,956 | = | 0.0% |
| Other operating charges | 640/8 | €26,863 | €27,484 | +€621 | +2.3% |
| Gross operating margin | 9900 | €143,587 | €145,112 | +€1,525 | +1.1% |
| Operating profit (loss) | 9901 | €59,286 | €50,823 | -€8,463 | -14.3% |
| Financial income | 75/76B | €0 | €4 | +€4 | +4,190% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +4,190% |
| Financial charges | 65/66B | €6,007 | €5,525 | -€482 | -8.0% |
| Recurring financial charges | 65 | €6,007 | €5,525 | -€482 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €53,279 | €45,302 | -€7,977 | -15.0% |
| Income taxes | 67/77 | €13,569 | €11,463 | -€2,106 | -15.5% |
| Profit (loss) for the period | 9904 | €39,710 | €33,839 | -€5,871 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,710 | €33,839 | -€5,871 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.