GOODWOODZ: 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.
GOODWOODZ
Largest movements
- Receivables within one year +€17,134
up €17,134 (+43.4%), from €39,500 to €56,634
- Cash +€16,906
up €16,906 (+18.6%), from €91,010 to €107,915
mainly Net result for the year (+€51,384) and Other debts (+€7,931)
- Tangible fixed assets -€3,004
down €3,004 (-13.0%), from €23,187 to €20,183
- Reserves +€51,384
up €51,384 (+66.6%), from €77,186 to €128,571
- Advances received -€18,150
down €18,150 (-100%), from €18,150 to €0
- Tax, wage and social debts -€11,095
down €11,095 (-24.8%), from €44,767 to €33,672
- Other debts +€7,931
up €7,931 (+64.7%), from €12,259 to €20,190
- Gross operating margin -€48,414
down €48,414 (-36.1%), from €134,088 to €85,673
- Taxes -€12,157
down €12,157 (-36.4%), from €33,383 to €21,226
- Other operating charges +€5,167
up €5,167 (+582%), from €888 to €6,055
- Depreciation +€3,497
up €3,497 (+140%), from €2,507 to €6,004
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,604 | €185,694 | +€31,090 | +20.1% |
| Fixed assets | 21/28 | €23,187 | €20,183 | -€3,004 | -13.0% |
| Tangible fixed assets | 22/27 | €23,187 | €20,183 | -€3,004 | -13.0% |
| Furniture and vehicles | 24 | €23,187 | €20,183 | -€3,004 | -13.0% |
| Current assets | 29/58 | €131,418 | €165,511 | +€34,094 | +25.9% |
| Amounts receivable within one year | 40/41 | €39,500 | €56,634 | +€17,134 | +43.4% |
| Trade receivables | 40 | €39,500 | €56,634 | +€17,134 | +43.4% |
| Cash at bank and in hand | 54/58 | €91,010 | €107,915 | +€16,906 | +18.6% |
| Deferred charges and accrued income | 490/1 | €908 | €962 | +€54 | +5.9% |
| Total equity and liabilities | 10/49 | €154,604 | €185,694 | +€31,090 | +20.1% |
| Equity | 10/15 | €78,186 | €129,571 | +€51,384 | +65.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,186 | €128,571 | +€51,384 | +66.6% |
| Distributable reserves | 133 | €77,186 | €128,571 | +€51,384 | +66.6% |
| Amounts payable | 17/49 | €76,418 | €56,123 | -€20,295 | -26.6% |
| Amounts payable within one year | 42/48 | €76,418 | €56,123 | -€20,295 | -26.6% |
| Trade debts | 44 | €1,242 | €2,260 | +€1,019 | +82.0% |
| Suppliers | 440/4 | €1,242 | €2,260 | +€1,019 | +82.0% |
| Advances received on contracts in progress | 46 | €18,150 | €0 | -€18,150 | -100% |
| Taxes, remuneration and social security | 45 | €44,767 | €33,672 | -€11,095 | -24.8% |
| Taxes | 450/3 | €44,767 | €33,672 | -€11,095 | -24.8% |
| Other amounts payable | 47/48 | €12,259 | €20,190 | +€7,931 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,507 | €6,004 | +€3,497 | +140% |
| Other operating charges | 640/8 | €888 | €6,055 | +€5,167 | +582% |
| Non-recurring operating charges | 66A | €19,329 | €0 | -€19,329 | -100% |
| Gross operating margin | 9900 | €134,088 | €85,673 | -€48,414 | -36.1% |
| Operating profit (loss) | 9901 | €111,364 | €73,615 | -€37,749 | -33.9% |
| Financial income | 75/76B | €13 | €1 | -€12 | -93.8% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -93.8% |
| Financial charges | 65/66B | €807 | €1,004 | +€197 | +24.5% |
| Recurring financial charges | 65 | €807 | €1,004 | +€197 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €110,570 | €72,611 | -€37,959 | -34.3% |
| Income taxes | 67/77 | €33,383 | €21,226 | -€12,157 | -36.4% |
| Profit (loss) for the period | 9904 | €77,186 | €51,384 | -€25,802 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,186 | €51,384 | -€25,802 | -33.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.