GODTS: 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
GODTS
NACE 43.120, Site preparation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €463,517+€3.3m
Equity
€10.5m
2024 · €6.8m+€3.7m
Cash
€1.6m
2024 · €1.3m+€322,158
Balance sheet total
€22.0m
2024 · €18.0m+€4.0m
Largest movements
Assets
- Receivables within one year +€4.0m
up €4.0m (+116.5%), from €3.4m to €7.4m
of which Other amounts receivable: +€3.0m
- Financial fixed assets +€1.1m
up €1.1m (+18.2%), from €6.3m to €7.5m
of which Affiliated companies: +€1.1m
- Stocks and contracts -€795,620
down €795,620 (-42.4%), from €1.9m to €1.1m
- Tangible fixed assets -€729,813
down €729,813 (-18.3%), from €4.0m to €3.3m
of which Furniture and vehicles: -€398,507
- Cash +€322,158
up €322,158 (+24.5%), from €1.3m to €1.6m
mainly Net result for the year (+€3.7m) and Depreciation (+€1.1m)
Equity and liabilities
- Reserves +€3.7m
up €3.7m (+55.5%), from €6.7m to €10.5m
of which Distributable reserves: +€3.4m
- Tax, wage and social debts +€1.0m
up €1.0m (+389.2%), from €264,343 to €1.3m
of which Taxes: +€1.1m
- Debts after one year -€1.0m
down €1.0m (-36.6%), from €2.8m to €1.8m
- Trade debts +€594,171
up €594,171 (+12.9%), from €4.6m to €5.2m
- Short-term financial debts -€300,000
down €300,000 (-15.0%), from €2.0m to €1.7m
Income statement
- Financial charges -€7.0m
down €7.0m, from €4.6m to -€2.5m
of which Financial charges: -€5.9m
- Goods and materials +€2.8m
up €2.8m (+65.8%), from €4.3m to €7.1m
- Turnover +€1.8m
up €1.8m (+8.2%), from €22.4m to €24.2m
- Services and other goods +€1.8m
up €1.8m (+16.8%), from €10.4m to €12.2m
- Financial income +€1.4m
up €1.4m (+57611.3%), from €2,344 to €1.4m
of which Non-recurring financial income: +€1.1m
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.
Result 2024
€463,517
Turnover
+€1.8m
Other operating income
+€1,858
Goods and materials
-€2.8m
Services and other goods
-€1.8m
Staff costs
+€102,788
Depreciation
-€215,117
Write-downs
+€408,511
Other operating charges
-€98,096
Other operating items
-€1.2m
Financial income
+€1.4m
Financial charges
+€7.0m
Taxes
-€1.2m
Deferred taxes and other
-€150,496
Result 2025
€3.7m
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.
From operations
+€3.4m
Investment
-€1.5m
Financing
-€1.6m
Cash 2024
€1.3m
From operations (derived)
+€3.4m
Net result for the year
+€3.7m
Depreciation
+€1.1m
Receivables after one year
-€104,223
Stocks and contracts
+€795,620
Receivables within one year
-€4.0m
Deferred charges and accrued income
+€46,894
Provisions
+€117,311
Trade debts
+€594,171
Tax, wage and social debts
+€1.0m
Advances received
+€31,834
Other debts
+€97,620
Accrued charges and deferred income
-€24,424
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€1.6m
Debts after one year
-€1.0m
Current portion of long-term debt
-€261,719
Short-term financial debts
-€300,000
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,029,458 | €22,026,549 | +€4.0m | +22.2% |
| Fixed assets | 21/28 | €10,295,131 | €10,713,576 | +€418,445 | +4.1% |
| Tangible fixed assets | 22/27 | €3,990,665 | €3,260,852 | -€729,813 | -18.3% |
| Land and buildings | 22 | €837,829 | €817,848 | -€19,981 | -2.4% |
| Plant, machinery and equipment | 23 | €2,040,211 | €1,759,180 | -€281,032 | -13.8% |
| Furniture and vehicles | 24 | €1,009,121 | €610,614 | -€398,507 | -39.5% |
| Leasing and similar rights | 25 | €103,505 | €73,211 | -€30,294 | -29.3% |
| Financial fixed assets | 28 | €6,304,465 | €7,452,724 | +€1.1m | +18.2% |
| Affiliated companies | 280/1 | €4,133,789 | €5,233,387 | +€1.1m | +26.6% |
| Participating interests | 280 | €3,708,789 | €3,708,789 | = | 0.0% |
| Amounts receivable | 281 | €425,000 | €1,524,598 | +€1.1m | +258.7% |
| Companies linked by participating interests | 282/3 | €2,100,000 | €2,100,000 | = | 0.0% |
| Participating interests | 282 | €2,100,000 | €2,100,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €70,676 | €119,336 | +€48,660 | +68.8% |
| Amounts receivable and cash guarantees | 285/8 | €70,676 | €119,336 | +€48,660 | +68.8% |
| Current assets | 29/58 | €7,734,328 | €11,312,973 | +€3.6m | +46.3% |
| Amounts receivable after more than one year | 29 | - | €104,223 | +€104,223 | |
| Other amounts receivable | 291 | - | €104,223 | +€104,223 | |
| Stocks and contracts in progress | 3 | €1,875,126 | €1,079,507 | -€795,620 | -42.4% |
| Contracts in progress | 37 | €1,875,126 | €1,079,507 | -€795,620 | -42.4% |
| Amounts receivable within one year | 40/41 | €3,429,436 | €7,424,215 | +€4.0m | +116.5% |
| Trade receivables | 40 | €3,015,000 | €4,057,332 | +€1.0m | +34.6% |
| Other amounts receivable | 41 | €414,436 | €3,366,883 | +€3.0m | +712.4% |
| Current investments | 50/53 | €1,001,769 | €1,001,769 | = | 0.0% |
| Own shares | 50 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other investments | 51/53 | €1,769 | €1,769 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,316,565 | €1,638,723 | +€322,158 | +24.5% |
| Deferred charges and accrued income | 490/1 | €111,431 | €64,537 | -€46,894 | -42.1% |
| Total equity and liabilities | 10/49 | €18,029,458 | €22,026,549 | +€4.0m | +22.2% |
| Equity | 10/15 | €6,793,557 | €10,524,004 | +€3.7m | +54.9% |
| Contributions | 10/11 | €72,728 | €72,728 | = | 0.0% |
| Reserves | 13 | €6,720,829 | €10,451,276 | +€3.7m | +55.5% |
| Non-distributable reserves | 130/1 | €2,099,598 | €2,099,598 | = | 0.0% |
| Own shares acquired | 1312 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial assistance | 1313 | €1,099,598 | €1,099,598 | = | 0.0% |
| Tax-exempt reserves | 132 | €451,135 | €803,068 | +€351,933 | +78.0% |
| Distributable reserves | 133 | €4,170,096 | €7,548,609 | +€3.4m | +81.0% |
| Provisions and deferred taxes | 16 | €107,012 | €224,323 | +€117,311 | +109.6% |
| Deferred taxes | 168 | €107,012 | €224,323 | +€117,311 | +109.6% |
| Amounts payable | 17/49 | €11,128,889 | €11,278,222 | +€149,333 | +1.3% |
| Amounts payable after more than one year | 17 | €2,779,778 | €1,762,742 | -€1.0m | -36.6% |
| Financial debts | 170/4 | €2,779,778 | €1,762,742 | -€1.0m | -36.6% |
| Leasing and similar obligations | 172 | €16,830 | - | -€16,830 | |
| Credit institutions | 173 | €2,762,948 | €1,762,742 | -€1.0m | -36.2% |
| Amounts payable within one year | 42/48 | €8,309,230 | €9,500,023 | +€1.2m | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €1,384,533 | €1,122,814 | -€261,719 | -18.9% |
| Financial debts | 43 | €2,000,000 | €1,700,000 | -€300,000 | -15.0% |
| Credit institutions | 430/8 | €2,000,000 | €1,700,000 | -€300,000 | -15.0% |
| Trade debts | 44 | €4,617,424 | €5,211,596 | +€594,171 | +12.9% |
| Suppliers | 440/4 | €4,617,424 | €5,211,596 | +€594,171 | +12.9% |
| Advances received on contracts in progress | 46 | - | €31,834 | +€31,834 | |
| Taxes, remuneration and social security | 45 | €264,343 | €1,293,228 | +€1.0m | +389.2% |
| Taxes | 450/3 | €13,005 | €1,094,974 | +€1.1m | +8319.5% |
| Remuneration and social security | 454/9 | €251,338 | €198,255 | -€53,083 | -21.1% |
| Other amounts payable | 47/48 | €42,930 | €140,550 | +€97,620 | +227.4% |
| Accrued charges and deferred income | 492/3 | €39,881 | €15,457 | -€24,424 | -61.2% |
| Operating income | 70/76A | €23,629,771 | €24,242,138 | +€612,367 | +2.6% |
| Turnover | 70 | €22,400,755 | €24,232,219 | +€1.8m | +8.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,047,542 | -€795,620 | -€1.8m | |
| Other operating income | 74 | €126,534 | €128,392 | +€1,858 | +1.5% |
| Non-recurring operating income | 76A | €54,940 | €677,146 | +€622,206 | +1132.5% |
| Operating charges | 60/66A | €18,473,721 | €22,882,491 | +€4.4m | +23.9% |
| Goods for resale, raw materials and consumables | 60 | €4,281,112 | €7,099,437 | +€2.8m | +65.8% |
| Purchases | 600/8 | €4,281,112 | €7,099,437 | +€2.8m | +65.8% |
| Services and other goods | 61 | €10,448,097 | €12,207,639 | +€1.8m | +16.8% |
| Remuneration, social security and pensions | 62 | €2,411,153 | €2,308,366 | -€102,788 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860,382 | €1,075,499 | +€215,117 | +25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €175,375 | -€233,136 | -€408,511 | |
| Other operating charges | 640/8 | €297,601 | €395,697 | +€98,096 | +33.0% |
| Non-recurring operating charges | 66A | - | €28,989 | +€28,989 | |
| Operating profit (loss) | 9901 | €5,156,051 | €1,359,647 | -€3.8m | -73.6% |
| Financial income | 75/76B | €2,344 | €1,352,586 | +€1.4m | +57611.3% |
| Recurring financial income | 75 | €2,344 | €252,987 | +€250,644 | +10694.3% |
| Other financial income | 752/9 | €2,344 | €252,987 | +€250,644 | +10694.3% |
| Non-recurring financial income | 76B | - | €1,099,598 | +€1.1m | |
| Financial charges | 65/66B | €4,570,041 | -€2,454,408 | -€7.0m | |
| Recurring financial charges | 65 | €3,470,443 | -€2,454,408 | -€5.9m | |
| Debt charges | 650 | €87,467 | €202,688 | +€115,222 | +131.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €3,360,000 | -€2,671,968 | -€6.0m | |
| Other financial charges | 652/9 | €22,976 | €14,871 | -€8,105 | -35.3% |
| Non-recurring financial charges | 66B | €1,099,598 | - | -€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €588,353 | €5,166,641 | +€4.6m | +778.2% |
| Transfer from deferred taxes | 780 | €33,185 | €51,976 | +€18,791 | +56.6% |
| Transfer to deferred taxes | 680 | - | €169,287 | +€169,287 | |
| Income taxes | 67/77 | €158,021 | €1,318,883 | +€1.2m | +734.6% |
| Taxes | 670/3 | €158,021 | €1,318,883 | +€1.2m | +734.6% |
| Profit (loss) for the period | 9904 | €463,517 | €3,730,447 | +€3.3m | +704.8% |
| Transfer from tax-exempt reserves | 789 | €99,554 | €155,927 | +€56,372 | +56.6% |
| Transfer to tax-exempt reserves | 689 | - | €507,860 | +€507,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €563,071 | €3,378,514 | +€2.8m | +500.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.