GOUDRY: 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.
GOUDRY
Largest movements
- Receivables within one year -€19,369
down €19,369 (-76.9%), from €25,177 to €5,808
of which Trade receivables: -€14,469
- Tangible fixed assets +€5,353
up €5,353 (+1.6%), from €327,525 to €332,878
of which Plant, machinery and equipment: +€13,008
- Debts after one year -€21,850
down €21,850 (-18.1%), from €120,396 to €98,546
- Current portion of long-term debt -€9,866
down €9,866 (-31.1%), from €31,715 to €21,850
- Trade debts +€9,569
up €9,569 (+28.1%), from €34,089 to €43,658
- Short-term financial debts +€7,774
up €7,774 (+135.9%), from €5,720 to €13,494
- Reserves +€4,016
up €4,016 (+3.0%), from €134,755 to €138,771
of which Distributable reserves: +€6,300
- Staff costs +€3,056
up €3,056 (+25.5%), from €11,964 to €15,020
- Taxes -€1,864
down €1,864 (-27.6%), from €6,755 to €4,891
- Depreciation +€699
up €699 (+2.7%), from €25,812 to €26,512
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 | €399,853 | €390,206 | -€9,648 | -2.4% |
| Fixed assets | 21/28 | €327,722 | €333,075 | +€5,353 | +1.6% |
| Tangible fixed assets | 22/27 | €327,525 | €332,878 | +€5,353 | +1.6% |
| Land and buildings | 22 | €317,966 | €310,080 | -€7,886 | -2.5% |
| Plant, machinery and equipment | 23 | €8,640 | €21,648 | +€13,008 | +150.5% |
| Furniture and vehicles | 24 | €918 | €1,150 | +€231 | +25.2% |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €72,132 | €57,131 | -€15,001 | -20.8% |
| Stocks and contracts in progress | 3 | €40,248 | €41,576 | +€1,328 | +3.3% |
| Stocks | 30/36 | €40,248 | €41,576 | +€1,328 | +3.3% |
| Amounts receivable within one year | 40/41 | €25,177 | €5,808 | -€19,369 | -76.9% |
| Trade receivables | 40 | €15,086 | €616 | -€14,469 | -95.9% |
| Other amounts receivable | 41 | €10,091 | €5,192 | -€4,900 | -48.6% |
| Cash at bank and in hand | 54/58 | €290 | €278 | -€12 | -4.0% |
| Deferred charges and accrued income | 490/1 | €6,417 | €9,468 | +€3,051 | +47.5% |
| Total equity and liabilities | 10/49 | €399,853 | €390,206 | -€9,648 | -2.4% |
| Equity | 10/15 | €159,790 | €163,782 | +€3,992 | +2.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €134,755 | €138,771 | +€4,016 | +3.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,563 | €18,279 | -€2,284 | -11.1% |
| Distributable reserves | 133 | €111,692 | €117,992 | +€6,300 | +5.6% |
| Profit (loss) carried forward | 14 | €35 | €11 | -€24 | -68.3% |
| Provisions and deferred taxes | 16 | €10,584 | €9,408 | -€1,177 | -11.1% |
| Deferred taxes | 168 | €10,584 | €9,408 | -€1,177 | -11.1% |
| Amounts payable | 17/49 | €229,479 | €217,016 | -€12,463 | -5.4% |
| Amounts payable after more than one year | 17 | €120,396 | €98,546 | -€21,850 | -18.1% |
| Financial debts | 170/4 | €120,396 | €98,546 | -€21,850 | -18.1% |
| Amounts payable within one year | 42/48 | €109,083 | €118,470 | +€9,387 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €31,715 | €21,850 | -€9,866 | -31.1% |
| Financial debts | 43 | €5,720 | €13,494 | +€7,774 | +135.9% |
| Credit institutions | 430/8 | €5,720 | €13,494 | +€7,774 | +135.9% |
| Trade debts | 44 | €34,089 | €43,658 | +€9,569 | +28.1% |
| Suppliers | 440/4 | €34,089 | €43,658 | +€9,569 | +28.1% |
| Advances received on contracts in progress | 46 | €17,533 | €18,595 | +€1,063 | +6.1% |
| Taxes, remuneration and social security | 45 | €6,710 | €4,845 | -€1,865 | -27.8% |
| Taxes | 450/3 | €6,710 | €4,845 | -€1,865 | -27.8% |
| Other amounts payable | 47/48 | €13,316 | €16,028 | +€2,712 | +20.4% |
| Non-recurring operating income | 76A | €3,870 | - | -€3,870 | |
| Remuneration, social security and pensions | 62 | €11,964 | €15,020 | +€3,056 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,812 | €26,512 | +€699 | +2.7% |
| Other operating charges | 640/8 | €7,940 | €8,403 | +€464 | +5.8% |
| Gross operating margin | 9900 | €63,831 | €63,660 | -€172 | -0.3% |
| Operating profit (loss) | 9901 | €18,115 | €13,725 | -€4,390 | -24.2% |
| Financial income | 75/76B | €66 | €35 | -€30 | -46.1% |
| Recurring financial income | 75 | €66 | €35 | -€30 | -46.1% |
| Financial charges | 65/66B | €6,035 | €6,054 | +€20 | +0.3% |
| Recurring financial charges | 65 | €6,035 | €6,054 | +€20 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €12,147 | €7,706 | -€4,440 | -36.6% |
| Transfer from deferred taxes | 780 | €1,177 | €1,177 | = | 0.0% |
| Income taxes | 67/77 | €6,755 | €4,891 | -€1,864 | -27.6% |
| Profit (loss) for the period | 9904 | €6,568 | €3,992 | -€2,576 | -39.2% |
| Transfer from tax-exempt reserves | 789 | €2,284 | €2,284 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,852 | €6,276 | -€2,576 | -29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.