Gov.arts: 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.
Gov.arts
Largest movements
- Tangible fixed assets +€330,365
up €330,365 (+552.5%), from €59,790 to €390,154
of which Land and buildings: +€343,014
- Receivables within one year +€228,950
up €228,950 (+1087.6%), from €21,050 to €250,000
- Current investments +€186,460
up €186,460 (+621.5%), from €30,000 to €216,460
- Cash +€136,630
up €136,630 (+546.2%), from €25,016 to €161,645
mainly Net result for the year (+€379,582) and Debts after one year (+€348,375)
- Reserves +€379,582
up €379,582 (+601.9%), from €63,064 to €442,646
- Debts after one year +€348,375
up €348,375 (+614.4%), from €56,705 to €405,080
- Tax, wage and social debts +€123,158
new in 2025: €123,158
- Current portion of long-term debt +€32,090
up €32,090 (+198.0%), from €16,207 to €48,297
- Gross operating margin +€467,846
up €467,846 (+450.4%), from €103,869 to €571,715
- Taxes +€123,158
new in 2025: €123,158
- Other operating charges +€38,061
up €38,061 (+1314.3%), from €2,896 to €40,956
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 | €136,855 | €1,019,965 | +€883,109 | +645.3% |
| Fixed assets | 21/28 | €60,790 | €391,154 | +€330,365 | +543.5% |
| Tangible fixed assets | 22/27 | €59,790 | €390,154 | +€330,365 | +552.5% |
| Land and buildings | 22 | - | €343,014 | +€343,014 | |
| Plant, machinery and equipment | 23 | - | €1,563 | +€1,563 | |
| Furniture and vehicles | 24 | €50,265 | €37,085 | -€13,180 | -26.2% |
| Leasing and similar rights | 25 | €4,140 | €3,108 | -€1,032 | -24.9% |
| Other tangible fixed assets | 26 | €5,385 | €5,385 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €76,066 | €628,810 | +€552,744 | +726.7% |
| Amounts receivable within one year | 40/41 | €21,050 | €250,000 | +€228,950 | +1087.6% |
| Trade receivables | 40 | €21,050 | €250,000 | +€228,950 | +1087.6% |
| Current investments | 50/53 | €30,000 | €216,460 | +€186,460 | +621.5% |
| Cash at bank and in hand | 54/58 | €25,016 | €161,645 | +€136,630 | +546.2% |
| Deferred charges and accrued income | 490/1 | - | €705 | +€705 | |
| Total equity and liabilities | 10/49 | €136,855 | €1,019,965 | +€883,109 | +645.3% |
| Equity | 10/15 | €63,164 | €442,746 | +€379,582 | +601.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €63,064 | €442,646 | +€379,582 | +601.9% |
| Distributable reserves | 133 | €63,064 | €442,646 | +€379,582 | +601.9% |
| Amounts payable | 17/49 | €73,692 | €577,219 | +€503,527 | +683.3% |
| Amounts payable after more than one year | 17 | €56,705 | €405,080 | +€348,375 | +614.4% |
| Financial debts | 170/4 | €56,705 | €405,080 | +€348,375 | +614.4% |
| Amounts payable within one year | 42/48 | €16,987 | €172,139 | +€155,152 | +913.3% |
| Current portion of amounts payable after more than one year | 42 | €16,207 | €48,297 | +€32,090 | +198.0% |
| Trade debts | 44 | €37 | - | -€37 | |
| Suppliers | 440/4 | €37 | - | -€37 | |
| Taxes, remuneration and social security | 45 | - | €123,158 | +€123,158 | |
| Taxes | 450/3 | - | €123,158 | +€123,158 | |
| Other amounts payable | 47/48 | €742 | €683 | -€60 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,200 | €19,526 | +€5,325 | +37.5% |
| Other operating charges | 640/8 | €2,896 | €40,956 | +€38,061 | +1314.3% |
| Gross operating margin | 9900 | €103,869 | €571,715 | +€467,846 | +450.4% |
| Operating profit (loss) | 9901 | €86,773 | €511,233 | +€424,460 | +489.2% |
| Financial charges | 65/66B | €4,033 | €8,493 | +€4,460 | +110.6% |
| Recurring financial charges | 65 | €4,033 | €8,493 | +€4,460 | +110.6% |
| Profit (loss) for the period before taxes | 9903 | €82,741 | €502,741 | +€420,000 | +507.6% |
| Income taxes | 67/77 | - | €123,158 | +€123,158 | |
| Profit (loss) for the period | 9904 | €82,741 | €379,582 | +€296,842 | +358.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,741 | €379,582 | +€296,842 | +358.8% |
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 8 October 2026 via checked.be.