GODWALD: 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.
GODWALD
Largest movements
- Tangible fixed assets -€36,567
down €36,567 (-3.1%), from €1.2m to €1.1m
- Debts after one year -€41,220
down €41,220 (-5.4%), from €760,727 to €719,508
- Gross operating margin +€6,718
up €6,718 (+11.0%), from €60,911 to €67,629
- Other operating charges +€2,495
up €2,495 (+48.5%), from €5,148 to €7,643
- Financial charges -€1,181
down €1,181 (-4.9%), from €23,998 to €22,817
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,165,792 | €1,133,681 | -€32,111 | -2.8% |
| Fixed assets | 21/28 | €1,165,482 | €1,128,915 | -€36,567 | -3.1% |
| Tangible fixed assets | 22/27 | €1,165,482 | €1,128,915 | -€36,567 | -3.1% |
| Land and buildings | 22 | €1,165,482 | €1,128,915 | -€36,567 | -3.1% |
| Current assets | 29/58 | €310 | €4,765 | +€4,455 | +1436.3% |
| Amounts receivable within one year | 40/41 | - | €423 | +€423 | |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Cash at bank and in hand | 54/58 | €310 | €4,253 | +€3,943 | +1271.3% |
| Deferred charges and accrued income | 490/1 | - | €89 | +€89 | |
| Total equity and liabilities | 10/49 | €1,165,792 | €1,133,681 | -€32,111 | -2.8% |
| Equity | 10/15 | €73,998 | €67,768 | -€6,230 | -8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €232,575 | €232,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €232,575 | €232,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,169 | -€183,399 | -€6,230 | -3.5% |
| Amounts payable | 17/49 | €1,091,795 | €1,065,913 | -€25,881 | -2.4% |
| Amounts payable after more than one year | 17 | €760,727 | €719,508 | -€41,220 | -5.4% |
| Financial debts | 170/4 | €760,727 | €719,508 | -€41,220 | -5.4% |
| Amounts payable within one year | 42/48 | €331,067 | €346,406 | +€15,339 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €40,059 | €41,220 | +€1,161 | +2.9% |
| Trade debts | 44 | €104 | €4,341 | +€4,237 | +4070.6% |
| Suppliers | 440/4 | €104 | €4,341 | +€4,237 | +4070.6% |
| Other amounts payable | 47/48 | €290,904 | €300,845 | +€9,941 | +3.4% |
| Non-recurring operating income | 76A | €4,581 | €0 | -€4,581 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,038 | €43,400 | +€362 | +0.8% |
| Other operating charges | 640/8 | €5,148 | €7,643 | +€2,495 | +48.5% |
| Gross operating margin | 9900 | €60,911 | €67,629 | +€6,718 | +11.0% |
| Operating profit (loss) | 9901 | €12,725 | €16,587 | +€3,861 | +30.3% |
| Financial charges | 65/66B | €23,998 | €22,817 | -€1,181 | -4.9% |
| Recurring financial charges | 65 | €23,998 | €22,817 | -€1,181 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,273 | -€6,230 | +€5,043 | +44.7% |
| Profit (loss) for the period | 9904 | -€11,273 | -€6,230 | +€5,043 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,273 | -€6,230 | +€5,043 | +44.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.