Godts & Partners: 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 & Partners
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€255,758
2024 · €365,782-€110,024
Equity
€1.1m
2024 · €976,311+€172,021
Cash
€25,773
2024 · €49,980-€24,208
Balance sheet total
€3.6m
2024 · €3.3m+€393,287
Largest movements
Assets
- Tangible fixed assets +€404,813
up €404,813 (+17.3%), from €2.3m to €2.7m
of which Land and buildings: +€274,759
Equity and liabilities
- Reserves +€210,941
up €210,941 (+26.7%), from €790,485 to €1.0m
of which Distributable reserves: +€254,363
- Short-term financial debts +€163,000
new in 2025: €163,000
- Current portion of long-term debt +€78,933
up €78,933 (+46.5%), from €169,891 to €248,824
- Debts after one year +€67,108
up €67,108 (+3.5%), from €1.9m to €2.0m
- Other debts -€58,797
down €58,797 (-99.8%), from €58,932 to €135
Income statement
- Gross operating margin -€197,351
down €197,351 (-25.4%), from €777,761 to €580,410
- Other operating charges -€75,874
down €75,874 (-75.6%), from €100,337 to €24,462
- Taxes -€32,923
down €32,923 (-22.2%), from €148,476 to €115,553
- Financial charges +€13,560
up €13,560 (+19.8%), from €68,374 to €81,935
of which Financial charges: +€13,334
- Depreciation +€8,851
up €8,851 (+9.2%), from €96,075 to €104,926
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
€365,782
Gross operating margin
-€197,351
Depreciation
-€8,851
Other operating charges
+€75,874
Financial income
+€941
Financial charges
-€13,560
Taxes
+€32,923
Result 2025
€255,758
raises the resultlowers the result
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.
From operations
+€260,227
Investment
-€509,739
Financing
+€225,304
Cash 2024
€49,980
From operations (derived)
+€260,227
Net result for the year
+€255,758
Depreciation
+€104,926
Smaller working-capital items
+€68
Receivables within one year
-€13,431
Trade debts
-€11,154
Tax, wage and social debts
+€29,202
Other debts
-€58,797
Accrued charges and deferred income
-€46,344
Investment (derived)
-€509,739
Investment in fixed assets (net)
-€509,739
Financing
+€225,304
Debts after one year
+€67,108
Current portion of long-term debt
+€78,933
Short-term financial debts
+€163,000
Contributions, distributions and other
-€83,737
Cash 2025
€25,773
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,255,078 | €3,648,366 | +€393,287 | +12.1% |
| Fixed assets | 21/28 | €3,171,597 | €3,576,409 | +€404,813 | +12.8% |
| Tangible fixed assets | 22/27 | €2,343,975 | €2,748,788 | +€404,813 | +17.3% |
| Land and buildings | 22 | €2,287,131 | €2,561,889 | +€274,759 | +12.0% |
| Plant, machinery and equipment | 23 | €834 | €1,370 | +€536 | +64.3% |
| Furniture and vehicles | 24 | €56,010 | €122,028 | +€66,018 | +118% |
| Other tangible fixed assets | 26 | - | €63,500 | +€63,500 | |
| Financial fixed assets | 28 | €827,622 | €827,622 | = | 0.0% |
| Current assets | 29/58 | €83,482 | €71,956 | -€11,525 | -13.8% |
| Amounts receivable after more than one year | 29 | €52 | - | -€52 | |
| Other amounts receivable | 291 | €52 | - | -€52 | |
| Amounts receivable within one year | 40/41 | €31,233 | €44,665 | +€13,431 | +43.0% |
| Trade receivables | 40 | €29,275 | €24,235 | -€5,040 | -17.2% |
| Other amounts receivable | 41 | €1,958 | €20,430 | +€18,471 | +943% |
| Cash at bank and in hand | 54/58 | €49,980 | €25,773 | -€24,208 | -48.4% |
| Deferred charges and accrued income | 490/1 | €2,217 | €1,519 | -€697 | -31.5% |
| Total equity and liabilities | 10/49 | €3,255,078 | €3,648,366 | +€393,287 | +12.1% |
| Equity | 10/15 | €976,311 | €1,148,332 | +€172,021 | +17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €90,418 | €90,418 | = | 0.0% |
| Reserves | 13 | €790,485 | €1,001,426 | +€210,941 | +26.7% |
| Tax-exempt reserves | 132 | €289,816 | €246,393 | -€43,422 | -15.0% |
| Distributable reserves | 133 | €500,669 | €755,032 | +€254,363 | +50.8% |
| Profit (loss) carried forward | 14 | €75,409 | €36,489 | -€38,920 | -51.6% |
| Provisions and deferred taxes | 16 | €17,456 | €16,774 | -€681 | -3.9% |
| Deferred taxes | 168 | €17,456 | €16,774 | -€681 | -3.9% |
| Amounts payable | 17/49 | €2,261,311 | €2,483,259 | +€221,948 | +9.8% |
| Amounts payable after more than one year | 17 | €1,935,694 | €2,002,803 | +€67,108 | +3.5% |
| Financial debts | 170/4 | €1,935,694 | €2,002,803 | +€67,108 | +3.5% |
| Amounts payable within one year | 42/48 | €279,273 | €480,456 | +€201,184 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €169,891 | €248,824 | +€78,933 | +46.5% |
| Financial debts | 43 | - | €163,000 | +€163,000 | |
| Credit institutions | 430/8 | - | €163,000 | +€163,000 | |
| Trade debts | 44 | €13,999 | €2,844 | -€11,154 | -79.7% |
| Suppliers | 440/4 | €13,999 | €2,844 | -€11,154 | -79.7% |
| Taxes, remuneration and social security | 45 | €36,451 | €65,653 | +€29,202 | +80.1% |
| Taxes | 450/3 | €36,451 | €65,653 | +€29,202 | +80.1% |
| Other amounts payable | 47/48 | €58,932 | €135 | -€58,797 | -99.8% |
| Accrued charges and deferred income | 492/3 | €46,344 | - | -€46,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,075 | €104,926 | +€8,851 | +9.2% |
| Other operating charges | 640/8 | €100,337 | €24,462 | -€75,874 | -75.6% |
| Gross operating margin | 9900 | €777,761 | €580,410 | -€197,351 | -25.4% |
| Operating profit (loss) | 9901 | €581,349 | €451,022 | -€130,327 | -22.4% |
| Financial income | 75/76B | €602 | €1,542 | +€941 | +156% |
| Recurring financial income | 75 | €602 | €1,542 | +€941 | +156% |
| Financial charges | 65/66B | €68,374 | €81,935 | +€13,560 | +19.8% |
| Recurring financial charges | 65 | €68,374 | €81,709 | +€13,334 | +19.5% |
| Non-recurring financial charges | 66B | - | €226 | +€226 | |
| Profit (loss) for the period before taxes | 9903 | €513,576 | €370,629 | -€142,947 | -27.8% |
| Transfer from deferred taxes | 780 | €681 | €681 | = | 0.0% |
| Income taxes | 67/77 | €148,476 | €115,553 | -€32,923 | -22.2% |
| Profit (loss) for the period | 9904 | €365,782 | €255,758 | -€110,024 | -30.1% |
| Transfer from tax-exempt reserves | 789 | €36,922 | €43,422 | +€6,500 | +17.6% |
| Transfer to tax-exempt reserves | 689 | €147,350 | - | -€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €255,354 | €299,180 | +€43,826 | +17.2% |
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 18 October 2026 via checked.be.