DR.P.GOVERDE: 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.
DR.P.GOVERDE
Largest movements
- Current investments -€89,476
down €89,476 (-67.4%), from €132,791 to €43,315
- Tangible fixed assets -€16,671
down €16,671 (-4.3%), from €384,113 to €367,442
of which Land and buildings: -€15,716
- Receivables within one year -€11,653
down €11,653 (-4.0%), from €294,922 to €283,269
of which Trade receivables: -€63,139
- Cash -€9,558
down €9,558 (-20.7%), from €46,238 to €36,680
mainly Other debts (-€91,242) and Debts after one year (-€45,648)
- Reserves +€96,406
up €96,406 (+24.2%), from €397,698 to €494,104
of which Distributable reserves: +€96,406
- Other debts -€91,242
down €91,242 (-100%), from €91,242 to €0
- Debts after one year -€45,648
down €45,648 (-34.2%), from €133,391 to €87,742
- Tax, wage and social debts -€34,450
down €34,450 (-42.0%), from €82,091 to €47,641
- Short-term financial debts -€25,096
down €25,096 (-98.9%), from €25,379 to €283
- Financial charges +€25,207
up €25,207 (+255%), from €9,887 to €35,095
- Financial income +€11,731
up €11,731 (+120%), from €9,754 to €21,485
- Taxes +€10,693
up €10,693 (+21.8%), from €49,091 to €59,784
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 | €911,325 | €785,267 | -€126,058 | -13.8% |
| Fixed assets | 21/28 | €384,113 | €367,442 | -€16,671 | -4.3% |
| Tangible fixed assets | 22/27 | €384,113 | €367,442 | -€16,671 | -4.3% |
| Land and buildings | 22 | €382,189 | €366,472 | -€15,716 | -4.1% |
| Plant, machinery and equipment | 23 | €850 | €638 | -€212 | -24.9% |
| Furniture and vehicles | 24 | €1,075 | €332 | -€743 | -69.1% |
| Current assets | 29/58 | €527,212 | €417,825 | -€109,387 | -20.7% |
| Stocks and contracts in progress | 3 | €46,102 | €46,868 | +€766 | +1.7% |
| Stocks | 30/36 | €46,102 | €46,868 | +€766 | +1.7% |
| Amounts receivable within one year | 40/41 | €294,922 | €283,269 | -€11,653 | -4.0% |
| Trade receivables | 40 | €64,390 | €1,251 | -€63,139 | -98.1% |
| Other amounts receivable | 41 | €230,532 | €282,018 | +€51,486 | +22.3% |
| Current investments | 50/53 | €132,791 | €43,315 | -€89,476 | -67.4% |
| Cash at bank and in hand | 54/58 | €46,238 | €36,680 | -€9,558 | -20.7% |
| Deferred charges and accrued income | 490/1 | €7,160 | €7,694 | +€534 | +7.5% |
| Total equity and liabilities | 10/49 | €911,325 | €785,267 | -€126,058 | -13.8% |
| Equity | 10/15 | €410,098 | €506,504 | +€96,406 | +23.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €397,698 | €494,104 | +€96,406 | +24.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €397,698 | €494,104 | +€96,406 | +24.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €96,193 | €96,193 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €96,193 | €96,193 | = | 0.0% |
| Pensions and similar obligations | 160 | €96,193 | €96,193 | = | 0.0% |
| Amounts payable | 17/49 | €405,034 | €182,570 | -€222,464 | -54.9% |
| Amounts payable after more than one year | 17 | €133,391 | €87,742 | -€45,648 | -34.2% |
| Financial debts | 170/4 | €133,391 | €87,742 | -€45,648 | -34.2% |
| Amounts payable within one year | 42/48 | €271,643 | €94,827 | -€176,816 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €51,065 | €45,648 | -€5,416 | -10.6% |
| Financial debts | 43 | €25,379 | €283 | -€25,096 | -98.9% |
| Credit institutions | 430/8 | €25,379 | €283 | -€25,096 | -98.9% |
| Trade debts | 44 | €21,866 | €1,255 | -€20,611 | -94.3% |
| Suppliers | 440/4 | €21,866 | €1,255 | -€20,611 | -94.3% |
| Taxes, remuneration and social security | 45 | €82,091 | €47,641 | -€34,450 | -42.0% |
| Taxes | 450/3 | €82,091 | €47,641 | -€34,450 | -42.0% |
| Other amounts payable | 47/48 | €91,242 | €0 | -€91,242 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,670 | €16,671 | +€2 | 0.0% |
| Other operating charges | 640/8 | €3,090 | €4,640 | +€1,550 | +50.2% |
| Gross operating margin | 9900 | €190,740 | €191,111 | +€371 | +0.2% |
| Operating profit (loss) | 9901 | €170,980 | €169,799 | -€1,181 | -0.7% |
| Financial income | 75/76B | €9,754 | €21,485 | +€11,731 | +120% |
| Recurring financial income | 75 | €9,754 | €21,485 | +€11,731 | +120% |
| Financial charges | 65/66B | €9,887 | €35,095 | +€25,207 | +255% |
| Recurring financial charges | 65 | €9,887 | €35,095 | +€25,207 | +255% |
| Profit (loss) for the period before taxes | 9903 | €170,846 | €156,190 | -€14,656 | -8.6% |
| Income taxes | 67/77 | €49,091 | €59,784 | +€10,693 | +21.8% |
| Profit (loss) for the period | 9904 | €121,755 | €96,406 | -€25,349 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,755 | €96,406 | -€25,349 | -20.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.