Gocova: 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.
Gocova
Largest movements
- Tangible fixed assets -€20,246
down €20,246 (-12.4%), from €163,815 to €143,570
of which Furniture and vehicles: -€13,164
- Cash -€6,130
down €6,130 (-32.3%), from €19,002 to €12,872
mainly Debts after one year (-€40,931) and Advances received (-€3,335)
- Intangible fixed assets -€2,441
down €2,441 (-100.0%), from €2,441 to €0
- Debts after one year -€40,931
down €40,931 (-29.4%), from €139,442 to €98,511
of which Financial debts: -€27,791
- Profit (loss) carried forward +€6,286
up €6,286 (+26.4%), from -€23,779 to -€17,493
- Tax, wage and social debts +€4,334
up €4,334 (+1445.2%), from €300 to €4,634
of which Remuneration and social security: +€3,414
- Advances received -€3,335
down €3,335 (-34.4%), from €9,689 to €6,354
- Other debts +€2,331
up €2,331 (+36.8%), from €6,331 to €8,662
- Gross operating margin +€20,630
up €20,630 (+60.1%), from €34,304 to €54,934
- Staff costs +€18,859
new in 2025: €18,859
- Financial charges -€1,572
down €1,572 (-23.1%), from €6,807 to €5,235
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 | €194,410 | €162,973 | -€31,437 | -16.2% |
| Fixed assets | 21/28 | €166,257 | €143,570 | -€22,687 | -13.6% |
| Intangible fixed assets | 21 | €2,441 | €0 | -€2,441 | -100.0% |
| Tangible fixed assets | 22/27 | €163,815 | €143,570 | -€20,246 | -12.4% |
| Plant, machinery and equipment | 23 | €55,493 | €48,411 | -€7,082 | -12.8% |
| Furniture and vehicles | 24 | €108,323 | €95,159 | -€13,164 | -12.2% |
| Current assets | 29/58 | €28,154 | €19,404 | -€8,750 | -31.1% |
| Stocks and contracts in progress | 3 | €3,000 | €2,834 | -€166 | -5.5% |
| Stocks | 30/36 | €3,000 | €2,834 | -€166 | -5.5% |
| Amounts receivable within one year | 40/41 | €1,999 | €346 | -€1,653 | -82.7% |
| Trade receivables | 40 | €1,208 | €346 | -€862 | -71.4% |
| Other amounts receivable | 41 | €791 | €0 | -€791 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,002 | €12,872 | -€6,130 | -32.3% |
| Deferred charges and accrued income | 490/1 | €4,153 | €3,352 | -€800 | -19.3% |
| Total equity and liabilities | 10/49 | €194,410 | €162,973 | -€31,437 | -16.2% |
| Equity | 10/15 | -€3,779 | €2,507 | +€6,286 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,779 | -€17,493 | +€6,286 | +26.4% |
| Amounts payable | 17/49 | €198,189 | €160,466 | -€37,723 | -19.0% |
| Amounts payable after more than one year | 17 | €139,442 | €98,511 | -€40,931 | -29.4% |
| Financial debts | 170/4 | €126,302 | €98,511 | -€27,791 | -22.0% |
| Other amounts payable | 178/9 | €13,140 | - | -€13,140 | |
| Amounts payable within one year | 42/48 | €58,747 | €61,955 | +€3,207 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €39,421 | €40,931 | +€1,509 | +3.8% |
| Trade debts | 44 | €3,006 | €1,374 | -€1,632 | -54.3% |
| Suppliers | 440/4 | €3,006 | €1,374 | -€1,632 | -54.3% |
| Advances received on contracts in progress | 46 | €9,689 | €6,354 | -€3,335 | -34.4% |
| Taxes, remuneration and social security | 45 | €300 | €4,634 | +€4,334 | +1445.2% |
| Taxes | 450/3 | €300 | €1,221 | +€921 | +306.9% |
| Remuneration and social security | 454/9 | - | €3,414 | +€3,414 | |
| Other amounts payable | 47/48 | €6,331 | €8,662 | +€2,331 | +36.8% |
| Remuneration, social security and pensions | 62 | - | €18,859 | +€18,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,106 | €23,762 | -€344 | -1.4% |
| Other operating charges | 640/8 | €770 | €792 | +€22 | +2.9% |
| Gross operating margin | 9900 | €34,304 | €54,934 | +€20,630 | +60.1% |
| Operating profit (loss) | 9901 | €9,429 | €11,521 | +€2,092 | +22.2% |
| Financial charges | 65/66B | €6,807 | €5,235 | -€1,572 | -23.1% |
| Recurring financial charges | 65 | €6,807 | €5,235 | -€1,572 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €2,622 | €6,286 | +€3,664 | +139.8% |
| Profit (loss) for the period | 9904 | €2,622 | €6,286 | +€3,664 | +139.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,622 | €6,286 | +€3,664 | +139.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.