IMMO GODART: 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.
IMMO GODART
Largest movements
- Cash +€31,826
up €31,826 (+12.0%), from €264,421 to €296,247
mainly Net result for the year (+€28,813) and Depreciation (+€17,190)
- Tangible fixed assets -€7,578
down €7,578 (-7.4%), from €101,976 to €94,398
of which Plant, machinery and equipment: -€10,770
- Profit (loss) carried forward +€28,813
up €28,813 (+23.2%), from €124,177 to €152,989
- Gross operating margin +€11,352
up €11,352 (+23.5%), from €48,215 to €59,567
- Other operating charges -€4,089
down €4,089 (-23.4%), from €17,493 to €13,404
- Depreciation -€3,301
down €3,301 (-16.1%), from €20,491 to €17,190
- Taxes +€1,562
no longer reported in 2025 (was -€1,562)
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 | €377,632 | €404,993 | +€27,361 | +7.2% |
| Fixed assets | 21/28 | €101,976 | €94,398 | -€7,578 | -7.4% |
| Tangible fixed assets | 22/27 | €101,976 | €94,398 | -€7,578 | -7.4% |
| Land and buildings | 22 | €60,611 | €64,809 | +€4,198 | +6.9% |
| Plant, machinery and equipment | 23 | €36,967 | €26,197 | -€10,770 | -29.1% |
| Furniture and vehicles | 24 | €4,398 | €3,392 | -€1,006 | -22.9% |
| Current assets | 29/58 | €275,656 | €310,595 | +€34,939 | +12.7% |
| Amounts receivable within one year | 40/41 | €10,334 | €13,443 | +€3,109 | +30.1% |
| Trade receivables | 40 | €7,558 | €2,633 | -€4,925 | -65.2% |
| Other amounts receivable | 41 | €2,776 | €10,810 | +€8,034 | +289% |
| Cash at bank and in hand | 54/58 | €264,421 | €296,247 | +€31,826 | +12.0% |
| Deferred charges and accrued income | 490/1 | €901 | €905 | +€3 | +0.4% |
| Total equity and liabilities | 10/49 | €377,632 | €404,993 | +€27,361 | +7.2% |
| Equity | 10/15 | €374,177 | €402,989 | +€28,813 | +7.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,177 | €152,989 | +€28,813 | +23.2% |
| Amounts payable | 17/49 | €3,455 | €2,004 | -€1,451 | -42.0% |
| Amounts payable after more than one year | 17 | €2,004 | €2,004 | = | 0.0% |
| Other amounts payable | 178/9 | €2,004 | €2,004 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,451 | - | -€1,451 | |
| Trade debts | 44 | €1,451 | - | -€1,451 | |
| Suppliers | 440/4 | €1,451 | - | -€1,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,491 | €17,190 | -€3,301 | -16.1% |
| Other operating charges | 640/8 | €17,493 | €13,404 | -€4,089 | -23.4% |
| Gross operating margin | 9900 | €48,215 | €59,567 | +€11,352 | +23.5% |
| Operating profit (loss) | 9901 | €10,231 | €28,973 | +€18,742 | +183% |
| Financial income | 75/76B | €757 | €631 | -€126 | -16.7% |
| Recurring financial income | 75 | €757 | €631 | -€126 | -16.7% |
| Financial charges | 65/66B | €897 | €791 | -€105 | -11.8% |
| Recurring financial charges | 65 | €897 | €791 | -€105 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €10,091 | €28,813 | +€18,721 | +186% |
| Income taxes | 67/77 | -€1,562 | - | +€1,562 | |
| Profit (loss) for the period | 9904 | €11,653 | €28,813 | +€17,159 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €11,653 | €28,813 | +€17,159 | +147% |
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 28 October 2026 via checked.be.