GODSPEED: 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.
GODSPEED
Largest movements
- Tangible fixed assets +€549,063
up €549,063 (+15.3%), from €3.6m to €4.1m
of which Land and buildings: +€557,094
- Receivables within one year +€136,051
up €136,051 (+1158.3%), from €11,746 to €147,797
- Debts after one year +€850,174
up €850,174 (+25.8%), from €3.3m to €4.1m
of which Financial debts: +€685,139
- Trade debts -€81,598
down €81,598 (-26.5%), from €308,468 to €226,870
- Profit (loss) carried forward -€69,574
down €69,574 (-39.1%), from -€177,951 to -€247,525
- Gross operating margin +€27,448
up €27,448 (+80.2%), from -€34,217 to -€6,769
- Financial charges +€12,244
up €12,244 (+53.7%), from €22,796 to €35,040
- Other operating charges -€4,702
down €4,702 (-24.1%), from €19,470 to €14,768
- Depreciation -€2,537
down €2,537 (-16.3%), from €15,534 to €12,997
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,649,668 | €4,321,785 | +€672,117 | +18.4% |
| Formation expenses | 20 | €47,025 | €34,028 | -€12,997 | -27.6% |
| Fixed assets | 21/28 | €3,590,897 | €4,139,960 | +€549,063 | +15.3% |
| Tangible fixed assets | 22/27 | €3,590,897 | €4,139,960 | +€549,063 | +15.3% |
| Land and buildings | 22 | €3,582,866 | €4,139,960 | +€557,094 | +15.5% |
| Furniture and vehicles | 24 | €8,031 | - | -€8,031 | |
| Current assets | 29/58 | €11,746 | €147,797 | +€136,051 | +1158.3% |
| Amounts receivable within one year | 40/41 | €11,746 | €147,797 | +€136,051 | +1158.3% |
| Trade receivables | 40 | €11,746 | €147,797 | +€136,051 | +1158.3% |
| Total equity and liabilities | 10/49 | €3,649,668 | €4,321,785 | +€672,117 | +18.4% |
| Equity | 10/15 | -€52,951 | -€122,525 | -€69,574 | -131.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | - | €125,000 | +€125,000 | |
| Issued capital | 100 | - | €125,000 | +€125,000 | |
| Profit (loss) carried forward | 14 | -€177,951 | -€247,525 | -€69,574 | -39.1% |
| Amounts payable | 17/49 | €3,702,619 | €4,444,310 | +€741,691 | +20.0% |
| Amounts payable after more than one year | 17 | €3,291,272 | €4,141,446 | +€850,174 | +25.8% |
| Financial debts | 170/4 | €2,631,609 | €3,316,748 | +€685,139 | +26.0% |
| Other amounts payable | 178/9 | €659,663 | €824,698 | +€165,035 | +25.0% |
| Amounts payable within one year | 42/48 | €400,618 | €296,111 | -€104,507 | -26.1% |
| Financial debts | 43 | €59,724 | €37,248 | -€22,476 | -37.6% |
| Credit institutions | 430/8 | €59,724 | €37,248 | -€22,476 | -37.6% |
| Trade debts | 44 | €308,468 | €226,870 | -€81,598 | -26.5% |
| Suppliers | 440/4 | €308,468 | €226,870 | -€81,598 | -26.5% |
| Taxes, remuneration and social security | 45 | €31,804 | €31,888 | +€84 | +0.3% |
| Taxes | 450/3 | €31,804 | €31,888 | +€84 | +0.3% |
| Other amounts payable | 47/48 | €622 | €105 | -€517 | -83.1% |
| Accrued charges and deferred income | 492/3 | €10,729 | €6,753 | -€3,976 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,534 | €12,997 | -€2,537 | -16.3% |
| Other operating charges | 640/8 | €19,470 | €14,768 | -€4,702 | -24.1% |
| Gross operating margin | 9900 | -€34,217 | -€6,769 | +€27,448 | +80.2% |
| Operating profit (loss) | 9901 | -€69,221 | -€34,534 | +€34,687 | +50.1% |
| Financial charges | 65/66B | €22,796 | €35,040 | +€12,244 | +53.7% |
| Recurring financial charges | 65 | €22,796 | €35,040 | +€12,244 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | -€92,017 | -€69,574 | +€22,443 | +24.4% |
| Profit (loss) for the period | 9904 | -€92,017 | -€69,574 | +€22,443 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,017 | -€69,574 | +€22,443 | +24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.