GODWAY: 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.
GODWAY
Largest movements
- Receivables within one year +€213,171
up €213,171 (+214.9%), from €99,202 to €312,373
of which Other amounts receivable: +€167,233
- Cash -€17,133
down €17,133 (-63.1%), from €27,133 to €10,000
mainly Receivables within one year (-€213,171) and Deferred charges and accrued income (-€3,380)
- Tangible fixed assets -€11,231
down €11,231 (-40.7%), from €27,588 to €16,357
- Trade debts +€129,475
up €129,475 (+227.4%), from €56,941 to €186,416
- Advances received +€26,300
new in 2024: €26,300
- Tax, wage and social debts +€17,839
up €17,839 (+39.2%), from €45,539 to €63,378
of which Taxes: +€18,323
- Profit (loss) carried forward +€16,183
up €16,183 (+28.8%), from €56,153 to €72,336
- Gross operating margin -€46,183
down €46,183 (-38.2%), from €120,790 to €74,607
- Staff costs -€16,688
down €16,688 (-32.8%), from €50,939 to €34,250
- Financial charges +€2,918
up €2,918 (+145.9%), from €2,000 to €4,919
- Taxes -€2,630
down €2,630 (-33.9%), from €7,769 to €5,139
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,243 | €366,431 | +€188,188 | +105.6% |
| Fixed assets | 21/28 | €51,908 | €40,677 | -€11,231 | -21.6% |
| Tangible fixed assets | 22/27 | €27,588 | €16,357 | -€11,231 | -40.7% |
| Furniture and vehicles | 24 | €27,588 | €16,357 | -€11,231 | -40.7% |
| Financial fixed assets | 28 | €24,320 | €24,320 | = | 0.0% |
| Current assets | 29/58 | €126,335 | €325,754 | +€199,418 | +157.8% |
| Amounts receivable within one year | 40/41 | €99,202 | €312,373 | +€213,171 | +214.9% |
| Trade receivables | 40 | €55,060 | €100,998 | +€45,938 | +83.4% |
| Other amounts receivable | 41 | €44,142 | €211,375 | +€167,233 | +378.9% |
| Cash at bank and in hand | 54/58 | €27,133 | €10,000 | -€17,133 | -63.1% |
| Deferred charges and accrued income | 490/1 | - | €3,380 | +€3,380 | |
| Total equity and liabilities | 10/49 | €178,243 | €366,431 | +€188,188 | +105.6% |
| Equity | 10/15 | €74,153 | €90,336 | +€16,183 | +21.8% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,153 | €72,336 | +€16,183 | +28.8% |
| Amounts payable | 17/49 | €104,090 | €276,094 | +€172,004 | +165.2% |
| Amounts payable within one year | 42/48 | €102,480 | €276,094 | +€173,614 | +169.4% |
| Trade debts | 44 | €56,941 | €186,416 | +€129,475 | +227.4% |
| Suppliers | 440/4 | €56,941 | €186,416 | +€129,475 | +227.4% |
| Advances received on contracts in progress | 46 | - | €26,300 | +€26,300 | |
| Taxes, remuneration and social security | 45 | €45,539 | €63,378 | +€17,839 | +39.2% |
| Taxes | 450/3 | €31,745 | €50,069 | +€18,323 | +57.7% |
| Remuneration and social security | 454/9 | €13,794 | €13,309 | -€484 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,609 | - | -€1,609 | |
| Remuneration, social security and pensions | 62 | €50,939 | €34,250 | -€16,688 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €11,000 | -€750 | -6.4% |
| Other operating charges | 640/8 | €749 | €1,616 | +€867 | +115.7% |
| Non-recurring operating charges | 66A | €18,067 | €1,500 | -€16,567 | -91.7% |
| Gross operating margin | 9900 | €120,790 | €74,607 | -€46,183 | -38.2% |
| Operating profit (loss) | 9901 | €39,284 | €26,241 | -€13,044 | -33.2% |
| Financial charges | 65/66B | €2,000 | €4,919 | +€2,918 | +145.9% |
| Recurring financial charges | 65 | €2,000 | €4,919 | +€2,918 | +145.9% |
| Profit (loss) for the period before taxes | 9903 | €37,284 | €21,322 | -€15,962 | -42.8% |
| Income taxes | 67/77 | €7,769 | €5,139 | -€2,630 | -33.9% |
| Profit (loss) for the period | 9904 | €29,515 | €16,183 | -€13,332 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,515 | €16,183 | -€13,332 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.