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.
GODECOR
Largest movements
- Cash +€43,912
up €43,912 (+21.5%), from €204,278 to €248,190
mainly Depreciation (+€51,260) and Trade debts (+€32,710)
- Tangible fixed assets -€21,767
down €21,767 (-5.4%), from €403,247 to €381,479
- Trade debts +€32,710
up €32,710 (+35.3%), from €92,544 to €125,254
- Reserves +€20,196
up €20,196 (+7.6%), from €267,053 to €287,250
of which Distributable reserves: +€20,196
- Tax, wage and social debts -€19,398
down €19,398 (-21.8%), from €88,856 to €69,457
of which Taxes: -€20,818
- Debts after one year -€16,392
down €16,392 (-15.3%), from €107,206 to €90,814
- Gross operating margin -€110,973
down €110,973 (-14.9%), from €742,930 to €631,957
- Taxes -€36,471
down €36,471 (-76.7%), from €47,536 to €11,065
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,179 | €815,577 | +€21,398 | +2.7% |
| Fixed assets | 21/28 | €403,247 | €381,479 | -€21,767 | -5.4% |
| Tangible fixed assets | 22/27 | €403,247 | €381,479 | -€21,767 | -5.4% |
| Land and buildings | 22 | €253,840 | €243,325 | -€10,514 | -4.1% |
| Plant, machinery and equipment | 23 | €44,843 | €45,059 | +€215 | +0.5% |
| Furniture and vehicles | 24 | €19,241 | €14,417 | -€4,824 | -25.1% |
| Leasing and similar rights | 25 | €85,323 | €78,678 | -€6,644 | -7.8% |
| Current assets | 29/58 | €390,932 | €434,098 | +€43,166 | +11.0% |
| Stocks and contracts in progress | 3 | €61,650 | €62,632 | +€981 | +1.6% |
| Stocks | 30/36 | €61,650 | €62,632 | +€981 | +1.6% |
| Amounts receivable within one year | 40/41 | €101,041 | €97,344 | -€3,697 | -3.7% |
| Trade receivables | 40 | €101,041 | €70,551 | -€30,490 | -30.2% |
| Other amounts receivable | 41 | - | €26,793 | +€26,793 | |
| Cash at bank and in hand | 54/58 | €204,278 | €248,190 | +€43,912 | +21.5% |
| Deferred charges and accrued income | 490/1 | €23,964 | €25,933 | +€1,970 | +8.2% |
| Total equity and liabilities | 10/49 | €794,179 | €815,577 | +€21,398 | +2.7% |
| Equity | 10/15 | €330,053 | €350,250 | +€20,196 | +6.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €267,053 | €287,250 | +€20,196 | +7.6% |
| Tax-exempt reserves | 132 | €2,925 | €2,925 | = | 0.0% |
| Distributable reserves | 133 | €264,128 | €284,325 | +€20,196 | +7.6% |
| Amounts payable | 17/49 | €464,126 | €465,328 | +€1,202 | +0.3% |
| Amounts payable after more than one year | 17 | €107,206 | €90,814 | -€16,392 | -15.3% |
| Financial debts | 170/4 | €107,206 | €90,814 | -€16,392 | -15.3% |
| Amounts payable within one year | 42/48 | €348,049 | €361,938 | +€13,888 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €18,998 | €16,392 | -€2,606 | -13.7% |
| Trade debts | 44 | €92,544 | €125,254 | +€32,710 | +35.3% |
| Suppliers | 440/4 | €92,544 | €125,254 | +€32,710 | +35.3% |
| Taxes, remuneration and social security | 45 | €88,856 | €69,457 | -€19,398 | -21.8% |
| Taxes | 450/3 | €69,899 | €49,082 | -€20,818 | -29.8% |
| Remuneration and social security | 454/9 | €18,956 | €20,376 | +€1,419 | +7.5% |
| Other amounts payable | 47/48 | €147,652 | €150,835 | +€3,183 | +2.2% |
| Accrued charges and deferred income | 492/3 | €8,871 | €12,576 | +€3,705 | +41.8% |
| Remuneration, social security and pensions | 62 | €540,793 | €535,824 | -€4,969 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,071 | €51,260 | -€811 | -1.6% |
| Other operating charges | 640/8 | €2,831 | €3,172 | +€342 | +12.1% |
| Gross operating margin | 9900 | €742,930 | €631,957 | -€110,973 | -14.9% |
| Operating profit (loss) | 9901 | €147,235 | €41,700 | -€105,535 | -71.7% |
| Financial income | 75/76B | €6,420 | €6,008 | -€412 | -6.4% |
| Recurring financial income | 75 | €6,420 | €6,008 | -€412 | -6.4% |
| Financial charges | 65/66B | €12,830 | €16,447 | +€3,617 | +28.2% |
| Recurring financial charges | 65 | €12,830 | €16,447 | +€3,617 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €140,825 | €31,261 | -€109,564 | -77.8% |
| Income taxes | 67/77 | €47,536 | €11,065 | -€36,471 | -76.7% |
| Profit (loss) for the period | 9904 | €93,290 | €20,196 | -€73,093 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,290 | €20,196 | -€73,093 | -78.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.