GODTS DISTRIBUTION: 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.
GODTS DISTRIBUTION
Largest movements
- Cash +€239,975
up €239,975 (+99.7%), from €240,756 to €480,731
mainly Other debts (+€239,506) and Net result for the year (+€193,644)
- Receivables within one year -€26,829
down €26,829 (-31.5%), from €85,269 to €58,440
of which Other amounts receivable: -€18,967
- Deferred charges and accrued income +€19,787
up €19,787 (+95.2%), from €20,782 to €40,569
- Stocks and contracts -€12,775
down €12,775 (-4.9%), from €258,135 to €245,359
- Tangible fixed assets -€9,749
down €9,749 (-10.4%), from €94,121 to €84,372
of which Plant, machinery and equipment: -€7,340
- Other debts +€239,506
up €239,506 (+187%), from €128,322 to €367,829
- Reserves -€50,000
down €50,000 (-78.1%), from €63,996 to €13,996
of which Distributable reserves: -€50,000
- Accrued charges and deferred income +€13,258
up €13,258 (+86.0%), from €15,424 to €28,682
- Tax, wage and social debts +€11,830
up €11,830 (+78.8%), from €15,013 to €26,843
of which Remuneration and social security: +€10,874
- Debts after one year -€10,077
down €10,077 (-22.8%), from €44,252 to €34,175
- Gross operating margin +€71,045
up €71,045 (+19.1%), from €372,875 to €443,920
- Other operating charges -€23,348
down €23,348 (-91.0%), from €25,669 to €2,321
- Depreciation -€16,437
down €16,437 (-44.0%), from €37,381 to €20,944
- Financial charges +€15,205
up €15,205 (+218%), from €6,989 to €22,194
- Staff costs +€12,395
up €12,395 (+6.5%), from €190,787 to €203,183
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €699,063 | €909,471 | +€210,408 | +30.1% |
| Fixed assets | 21/28 | €94,121 | €84,372 | -€9,749 | -10.4% |
| Tangible fixed assets | 22/27 | €94,121 | €84,372 | -€9,749 | -10.4% |
| Plant, machinery and equipment | 23 | €90,512 | €83,172 | -€7,340 | -8.1% |
| Furniture and vehicles | 24 | €3,276 | €1,033 | -€2,243 | -68.5% |
| Other tangible fixed assets | 26 | €333 | €167 | -€167 | -50.0% |
| Current assets | 29/58 | €604,942 | €825,099 | +€220,157 | +36.4% |
| Stocks and contracts in progress | 3 | €258,135 | €245,359 | -€12,775 | -4.9% |
| Stocks | 30/36 | €258,135 | €245,359 | -€12,775 | -4.9% |
| Amounts receivable within one year | 40/41 | €85,269 | €58,440 | -€26,829 | -31.5% |
| Trade receivables | 40 | €66,223 | €58,360 | -€7,863 | -11.9% |
| Other amounts receivable | 41 | €19,047 | €80 | -€18,967 | -99.6% |
| Cash at bank and in hand | 54/58 | €240,756 | €480,731 | +€239,975 | +99.7% |
| Deferred charges and accrued income | 490/1 | €20,782 | €40,569 | +€19,787 | +95.2% |
| Total equity and liabilities | 10/49 | €699,063 | €909,471 | +€210,408 | +30.1% |
| Equity | 10/15 | €139,616 | €93,260 | -€46,356 | -33.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €63,996 | €13,996 | -€50,000 | -78.1% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,996 | €9,996 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €35,620 | €39,264 | +€3,644 | +10.2% |
| Amounts payable | 17/49 | €559,446 | €816,211 | +€256,765 | +45.9% |
| Amounts payable after more than one year | 17 | €44,252 | €34,175 | -€10,077 | -22.8% |
| Financial debts | 170/4 | €44,252 | €34,175 | -€10,077 | -22.8% |
| Amounts payable within one year | 42/48 | €499,770 | €753,354 | +€253,584 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €10,847 | €10,077 | -€770 | -7.1% |
| Trade debts | 44 | €345,588 | €348,605 | +€3,017 | +0.9% |
| Suppliers | 440/4 | €345,588 | €348,605 | +€3,017 | +0.9% |
| Taxes, remuneration and social security | 45 | €15,013 | €26,843 | +€11,830 | +78.8% |
| Taxes | 450/3 | €747 | €1,704 | +€956 | +128% |
| Remuneration and social security | 454/9 | €14,266 | €25,140 | +€10,874 | +76.2% |
| Other amounts payable | 47/48 | €128,322 | €367,829 | +€239,506 | +187% |
| Accrued charges and deferred income | 492/3 | €15,424 | €28,682 | +€13,258 | +86.0% |
| Remuneration, social security and pensions | 62 | €190,787 | €203,183 | +€12,395 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,381 | €20,944 | -€16,437 | -44.0% |
| Other operating charges | 640/8 | €25,669 | €2,321 | -€23,348 | -91.0% |
| Gross operating margin | 9900 | €372,875 | €443,920 | +€71,045 | +19.1% |
| Operating profit (loss) | 9901 | €119,038 | €217,472 | +€98,434 | +82.7% |
| Financial income | 75/76B | €92 | €29 | -€63 | -68.9% |
| Recurring financial income | 75 | €92 | €29 | -€63 | -68.9% |
| Financial charges | 65/66B | €6,989 | €22,194 | +€15,205 | +218% |
| Recurring financial charges | 65 | €6,989 | €22,194 | +€15,205 | +218% |
| Profit (loss) for the period before taxes | 9903 | €112,142 | €195,307 | +€83,165 | +74.2% |
| Income taxes | 67/77 | €764 | €1,663 | +€899 | +118% |
| Profit (loss) for the period | 9904 | €111,378 | €193,644 | +€82,266 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €111,378 | €193,644 | +€82,266 | +73.9% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.