GROEP GODTS: 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
GROEP GODTS
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€17,655
2023 · €68,796-€51,141
Equity
€2.5m
2023 · €2.5m+€17,655
Cash
€10,409
2023 · €13,360-€2,951
Balance sheet total
€7.9m
2023 · €6.8m+€1.0m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+219%), from €489,010 to €1.6m
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+89.5%), from €1.4m to €2.7m
- Debts after one year -€292,910
down €292,910 (-13.8%), from €2.1m to €1.8m
of which Financial debts: -€292,910
Income statement
- Turnover -€124,228
down €124,228 (-39.3%), from €315,955 to €191,727
- Services and other goods -€114,742
down €114,742 (-59.8%), from €191,912 to €77,169
- Other operating charges +€48,901
up €48,901 (+225%), from €21,724 to €70,626
- Taxes -€10,904
down €10,904 (-61.5%), from €17,742 to €6,838
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.
Result 2023
€68,796
Turnover
-€124,228
Other operating income
-€2,526
Services and other goods
+€114,742
Other operating charges
-€48,901
Financial income
+€839
Financial charges
-€1,971
Taxes
+€10,904
Result 2024
€17,655
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€277,119
Investment
€0
Financing
-€280,070
Cash 2023
€13,360
From operations (derived)
+€277,119
Net result for the year
+€17,655
Stocks and contracts
-€1.1m
Receivables within one year
+€20,219
Smaller working-capital items
-€563
Trade debts
+€35,001
Tax, wage and social debts
-€16,264
Other debts
+€1.3m
Financing
-€280,070
Debts after one year
-€292,910
Current portion of long-term debt
+€12,841
Cash 2024
€10,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,831,892 | €7,880,055 | +€1.0m | +15.3% |
| Fixed assets | 21/28 | €6,258,000 | €6,258,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,258,000 | €6,258,000 | = | 0.0% |
| Affiliated companies | 280/1 | €6,258,000 | €6,258,000 | = | 0.0% |
| Participating interests | 280 | €6,258,000 | €6,258,000 | = | 0.0% |
| Current assets | 29/58 | €573,892 | €1,622,055 | +€1.0m | +183% |
| Stocks and contracts in progress | 3 | €489,010 | €1,560,407 | +€1.1m | +219% |
| Stocks | 30/36 | €489,010 | €1,560,407 | +€1.1m | +219% |
| Property held for sale | 35 | €489,010 | €1,560,407 | +€1.1m | +219% |
| Amounts receivable within one year | 40/41 | €71,459 | €51,240 | -€20,219 | -28.3% |
| Trade receivables | 40 | €56,459 | €36,240 | -€20,219 | -35.8% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,360 | €10,409 | -€2,951 | -22.1% |
| Deferred charges and accrued income | 490/1 | €63 | - | -€63 | |
| Total equity and liabilities | 10/49 | €6,831,892 | €7,880,055 | +€1.0m | +15.3% |
| Equity | 10/15 | €2,532,106 | €2,549,760 | +€17,655 | +0.7% |
| Contributions | 10/11 | €1,975,100 | €1,975,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €557,006 | €574,660 | +€17,655 | +3.2% |
| Amounts payable | 17/49 | €4,299,786 | €5,330,295 | +€1.0m | +24.0% |
| Amounts payable after more than one year | 17 | €2,124,072 | €1,831,162 | -€292,910 | -13.8% |
| Financial debts | 170/4 | €1,024,474 | €731,564 | -€292,910 | -28.6% |
| Credit institutions | 173 | €474,474 | €256,564 | -€217,910 | -45.9% |
| Other loans | 174 | €550,000 | €475,000 | -€75,000 | -13.6% |
| Other amounts payable | 178/9 | €1,099,598 | €1,099,598 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,165,281 | €3,489,327 | +€1.3m | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €308,236 | €321,077 | +€12,841 | +4.2% |
| Financial debts | 43 | €320,400 | €320,400 | = | 0.0% |
| Credit institutions | 430/8 | €320,400 | €320,400 | = | 0.0% |
| Trade debts | 44 | €61,360 | €96,361 | +€35,001 | +57.0% |
| Suppliers | 440/4 | €61,360 | €96,361 | +€35,001 | +57.0% |
| Taxes, remuneration and social security | 45 | €30,411 | €14,147 | -€16,264 | -53.5% |
| Taxes | 450/3 | €30,411 | €14,105 | -€16,306 | -53.6% |
| Remuneration and social security | 454/9 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | €1,444,874 | €2,737,341 | +€1.3m | +89.5% |
| Accrued charges and deferred income | 492/3 | €10,432 | €9,806 | -€626 | -6.0% |
| Operating income | 70/76A | €321,151 | €194,396 | -€126,754 | -39.5% |
| Turnover | 70 | €315,955 | €191,727 | -€124,228 | -39.3% |
| Other operating income | 74 | €5,196 | €2,669 | -€2,526 | -48.6% |
| Operating charges | 60/66A | €213,636 | €147,795 | -€65,841 | -30.8% |
| Purchases | 600/8 | €489,010 | €1,071,397 | +€582,388 | +119% |
| Change in stocks: decrease (increase) | 609 | -€489,010 | -€1,071,397 | -€582,388 | -119% |
| Services and other goods | 61 | €191,912 | €77,169 | -€114,742 | -59.8% |
| Other operating charges | 640/8 | €21,724 | €70,626 | +€48,901 | +225% |
| Operating profit (loss) | 9901 | €107,515 | €46,602 | -€60,913 | -56.7% |
| Financial income | 75/76B | - | €839 | +€839 | |
| Recurring financial income | 75 | - | €839 | +€839 | |
| Other financial income | 752/9 | - | €839 | +€839 | |
| Financial charges | 65/66B | €20,977 | €22,947 | +€1,971 | +9.4% |
| Recurring financial charges | 65 | €20,977 | €22,947 | +€1,971 | +9.4% |
| Debt charges | 650 | €20,070 | €22,401 | +€2,332 | +11.6% |
| Other financial charges | 652/9 | €907 | €546 | -€361 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €86,538 | €24,493 | -€62,045 | -71.7% |
| Income taxes | 67/77 | €17,742 | €6,838 | -€10,904 | -61.5% |
| Taxes | 670/3 | €17,742 | €6,838 | -€10,904 | -61.5% |
| Profit (loss) for the period | 9904 | €68,796 | €17,655 | -€51,141 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,796 | €17,655 | -€51,141 | -74.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.