ONDERNEMING GODAERT: 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.
ONDERNEMING GODAERT
Largest movements
- Cash -€41,141
down €41,141 (-50.1%), from €82,183 to €41,043
mainly Net result for the year (-€28,948) and Investment in fixed assets (net) (-€11,005)
- Tangible fixed assets +€4,705
up €4,705 (+39.4%), from €11,930 to €16,635
of which Plant, machinery and equipment: +€6,759
- Receivables within one year -€1,465
down €1,465 (-24.9%), from €5,887 to €4,422
of which Trade receivables: -€4,227
- Profit (loss) carried forward -€28,948
down €28,948 (-32.2%), from -€89,920 to -€118,867
- Other debts -€4,026
down €4,026 (-5.2%), from €76,747 to €72,721
- Current portion of long-term debt -€3,556
no longer reported in 2025 (was €3,556)
- Gross operating margin -€22,391
down €22,391, from €1,973 to -€20,418
- Depreciation -€3,022
down €3,022 (-32.0%), from €9,451 to €6,430
- Financial income -€2,894
no longer reported in 2025 (was €2,894)
of which Non-recurring financial income: -€2,894
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 | €100,661 | €62,836 | -€37,825 | -37.6% |
| Formation expenses | 20 | €129 | - | -€129 | |
| Fixed assets | 21/28 | €11,930 | €16,635 | +€4,705 | +39.4% |
| Tangible fixed assets | 22/27 | €11,930 | €16,635 | +€4,705 | +39.4% |
| Plant, machinery and equipment | 23 | €4,244 | €11,002 | +€6,759 | +159% |
| Furniture and vehicles | 24 | €7,686 | €5,632 | -€2,054 | -26.7% |
| Current assets | 29/58 | €88,602 | €46,201 | -€42,400 | -47.9% |
| Amounts receivable within one year | 40/41 | €5,887 | €4,422 | -€1,465 | -24.9% |
| Trade receivables | 40 | €5,414 | €1,188 | -€4,227 | -78.1% |
| Other amounts receivable | 41 | €473 | €3,234 | +€2,762 | +584% |
| Cash at bank and in hand | 54/58 | €82,183 | €41,043 | -€41,141 | -50.1% |
| Deferred charges and accrued income | 490/1 | €532 | €737 | +€205 | +38.6% |
| Total equity and liabilities | 10/49 | €100,661 | €62,836 | -€37,825 | -37.6% |
| Equity | 10/15 | €14,285 | -€14,663 | -€28,948 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,605 | €85,605 | = | 0.0% |
| Distributable reserves | 133 | €85,605 | €85,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,920 | -€118,867 | -€28,948 | -32.2% |
| Amounts payable | 17/49 | €86,376 | €77,499 | -€8,877 | -10.3% |
| Amounts payable within one year | 42/48 | €85,139 | €76,848 | -€8,291 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €3,556 | - | -€3,556 | |
| Trade debts | 44 | €4,836 | €4,127 | -€709 | -14.7% |
| Suppliers | 440/4 | €4,836 | €4,127 | -€709 | -14.7% |
| Other amounts payable | 47/48 | €76,747 | €72,721 | -€4,026 | -5.2% |
| Accrued charges and deferred income | 492/3 | €1,237 | €651 | -€587 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,451 | €6,430 | -€3,022 | -32.0% |
| Other operating charges | 640/8 | €1,428 | €1,481 | +€53 | +3.7% |
| Gross operating margin | 9900 | €1,973 | -€20,418 | -€22,391 | |
| Operating profit (loss) | 9901 | -€8,906 | -€28,329 | -€19,423 | -218% |
| Financial income | 75/76B | €2,894 | - | -€2,894 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €2,894 | - | -€2,894 | |
| Financial charges | 65/66B | €691 | €619 | -€72 | -10.4% |
| Recurring financial charges | 65 | €691 | €619 | -€72 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,702 | -€28,948 | -€22,245 | -332% |
| Profit (loss) for the period | 9904 | -€6,702 | -€28,948 | -€22,245 | -332% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,702 | -€28,948 | -€22,245 | -332% |
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 15 October 2026 via checked.be.