Godeva: 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.
Godeva
Largest movements
- Tangible fixed assets -€451,301
down €451,301 (-100.0%), from €451,301 to €0
- Receivables within one year +€231,263
up €231,263 (+7.3%), from €3.1m to €3.4m
of which Trade receivables: +€245,963
- Debts after one year -€154,753
down €154,753 (-100.0%), from €154,753 to €0
- Tax, wage and social debts -€118,847
down €118,847 (-81.9%), from €145,047 to €26,200
- Reserves +€95,781
up €95,781 (+3.8%), from €2.5m to €2.6m
of which Distributable reserves: +€166,804
- Gross operating margin -€388,339
down €388,339 (-73.2%), from €530,783 to €142,445
- Taxes +€40,723
up €40,723 (+250.8%), from €16,238 to €56,962
- Depreciation -€18,523
down €18,523 (-100.0%), from €18,523 to €0
- Financial charges +€11,440
up €11,440 (+139.2%), from €8,220 to €19,659
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 | €3,606,091 | €3,383,143 | -€222,948 | -6.2% |
| Fixed assets | 21/28 | €451,301 | €0 | -€451,301 | -100.0% |
| Tangible fixed assets | 22/27 | €451,301 | €0 | -€451,301 | -100.0% |
| Land and buildings | 22 | €451,301 | €0 | -€451,301 | -100.0% |
| Current assets | 29/58 | €3,154,790 | €3,383,143 | +€228,353 | +7.2% |
| Amounts receivable within one year | 40/41 | €3,147,500 | €3,378,763 | +€231,263 | +7.3% |
| Trade receivables | 40 | €0 | €245,963 | +€245,963 | |
| Other amounts receivable | 41 | €3,147,500 | €3,132,800 | -€14,700 | -0.5% |
| Cash at bank and in hand | 54/58 | €7,290 | €4,379 | -€2,911 | -39.9% |
| Total equity and liabilities | 10/49 | €3,606,091 | €3,383,143 | -€222,948 | -6.2% |
| Equity | 10/15 | €2,512,827 | €2,608,609 | +€95,781 | +3.8% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €2,490,517 | €2,586,298 | +€95,781 | +3.8% |
| Non-distributable reserves | 130/1 | €36,467 | €36,467 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,467 | €36,467 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,317,438 | €2,246,416 | -€71,022 | -3.1% |
| Distributable reserves | 133 | €136,612 | €303,416 | +€166,804 | +122.1% |
| Provisions and deferred taxes | 16 | €761,398 | €727,755 | -€33,643 | -4.4% |
| Deferred taxes | 168 | €761,398 | €727,755 | -€33,643 | -4.4% |
| Amounts payable | 17/49 | €331,865 | €46,778 | -€285,087 | -85.9% |
| Amounts payable after more than one year | 17 | €154,753 | €0 | -€154,753 | -100.0% |
| Financial debts | 170/4 | €154,753 | €0 | -€154,753 | -100.0% |
| Amounts payable within one year | 42/48 | €177,112 | €46,778 | -€130,334 | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €25,912 | €4,402 | -€21,510 | -83.0% |
| Trade debts | 44 | €6,081 | €16,104 | +€10,023 | +164.8% |
| Suppliers | 440/4 | €6,081 | €16,104 | +€10,023 | +164.8% |
| Taxes, remuneration and social security | 45 | €145,047 | €26,200 | -€118,847 | -81.9% |
| Taxes | 450/3 | €145,047 | €26,200 | -€118,847 | -81.9% |
| Other amounts payable | 47/48 | €72 | €72 | = | 0.0% |
| Non-recurring operating income | 76A | €530,909 | €219,314 | -€311,595 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,523 | €0 | -€18,523 | -100.0% |
| Other operating charges | 640/8 | €5,987 | €3,685 | -€2,302 | -38.4% |
| Gross operating margin | 9900 | €530,783 | €142,445 | -€388,339 | -73.2% |
| Operating profit (loss) | 9901 | €506,273 | €138,759 | -€367,514 | -72.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,220 | €19,659 | +€11,440 | +139.2% |
| Recurring financial charges | 65 | €8,220 | €19,659 | +€11,440 | +139.2% |
| Profit (loss) for the period before taxes | 9903 | €498,054 | €119,100 | -€378,954 | -76.1% |
| Transfer from deferred taxes | 780 | €31,422 | €33,643 | +€2,221 | +7.1% |
| Transfer to deferred taxes | 680 | €132,727 | €0 | -€132,727 | -100.0% |
| Income taxes | 67/77 | €16,238 | €56,962 | +€40,723 | +250.8% |
| Profit (loss) for the period | 9904 | €380,510 | €95,781 | -€284,729 | -74.8% |
| Transfer from tax-exempt reserves | 789 | €61,024 | €134,172 | +€73,149 | +119.9% |
| Transfer to tax-exempt reserves | 689 | €398,182 | €63,150 | -€335,032 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,352 | €166,804 | +€123,452 | +284.8% |
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 3 October 2026 via checked.be.