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GOVA: 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.

What changed

GOVA

BE 0444.412.725
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€158,943
2024 · €175,290-€16,347
Equity
€666,378
2024 · €657,435+€8,943
Cash
€162,653
2024 · €173,252-€10,599
Balance sheet total
€864,488
2024 · €885,039-€20,551

Largest movements

2024 to 2025
Assets
  • Current investments +€43,299

    up €43,299 (+18.4%), from €235,715 to €279,014

  • Tangible fixed assets -€24,655

    down €24,655 (-20.1%), from €122,513 to €97,858

    of which Furniture and vehicles: -€14,546

  • Receivables after one year -€22,155

    down €22,155 (-24.2%), from €91,725 to €69,570

  • Stocks and contracts -€17,436

    down €17,436 (-9.0%), from €194,381 to €176,945

  • Cash -€10,599

    down €10,599 (-6.1%), from €173,252 to €162,653

    mainly Contributions, distributions and other (-€150,000) and Current investments (-€43,299)

Equity and liabilities
  • Trade debts -€23,717

    down €23,717 (-62.6%), from €37,871 to €14,154

  • Profit (loss) carried forward +€8,943

    up €8,943 (+1.5%), from €589,235 to €598,178

Income statement
  • Gross operating margin -€21,334

    down €21,334 (-5.4%), from €392,748 to €371,414

  • Financial income -€8,361

    down €8,361 (-33.0%), from €25,369 to €17,008

  • Other operating charges -€7,099

    down €7,099 (-60.9%), from €11,658 to €4,559

  • Taxes -€5,324

    down €5,324 (-12.5%), from €42,448 to €37,123

  • Depreciation +€4,557

    up €4,557 (+16.4%), from €27,758 to €32,314

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €175,290
Gross operating margin -€21,334
Staff costs +€3,570
Depreciation -€4,557
Other operating charges +€7,099
Other operating items +€170
Financial income -€8,361
Financial charges +€1,741
Taxes +€5,324
Result 2025 €158,943

Cash bridge derived

cash 2024 to 2025

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.

From operations +€190,359
Investment -€50,959
Financing -€150,000
Cash 2024 €173,252
Net result for the year +€158,943
Depreciation +€32,314
Receivables after one year +€22,155
Stocks and contracts +€17,436
Receivables within one year -€6,535
Deferred charges and accrued income -€4,461
Trade debts -€23,717
Tax, wage and social debts -€6,018
Other debts +€240
Investment in fixed assets (net) -€7,660
Current investments -€43,299
Contributions, distributions and other -€150,000
Cash 2025 €162,653
Every line side by side 49 lines
Line Code 2024 2025 Change %
Total assets 20/58 €885,039 €864,488 -€20,551 -2.3%
Fixed assets 21/28 €122,513 €97,858 -€24,655 -20.1%
Tangible fixed assets 22/27 €122,513 €97,858 -€24,655 -20.1%
Land and buildings 22 €18,059 €21,866 +€3,807 +21.1%
Plant, machinery and equipment 23 €33,343 €21,447 -€11,896 -35.7%
Furniture and vehicles 24 €59,007 €44,461 -€14,546 -24.7%
Other tangible fixed assets 26 €12,104 €10,084 -€2,020 -16.7%
Current assets 29/58 €762,527 €766,630 +€4,103 +0.5%
Amounts receivable after more than one year 29 €91,725 €69,570 -€22,155 -24.2%
Other amounts receivable 291 €91,725 €69,570 -€22,155 -24.2%
Stocks and contracts in progress 3 €194,381 €176,945 -€17,436 -9.0%
Stocks 30/36 €194,381 €176,945 -€17,436 -9.0%
Amounts receivable within one year 40/41 €62,149 €68,684 +€6,535 +10.5%
Trade receivables 40 €17,226 €25,510 +€8,284 +48.1%
Other amounts receivable 41 €44,923 €43,174 -€1,749 -3.9%
Current investments 50/53 €235,715 €279,014 +€43,299 +18.4%
Cash at bank and in hand 54/58 €173,252 €162,653 -€10,599 -6.1%
Deferred charges and accrued income 490/1 €5,303 €9,764 +€4,461 +84.1%
Total equity and liabilities 10/49 €885,039 €864,488 -€20,551 -2.3%
Equity 10/15 €657,435 €666,378 +€8,943 +1.4%
Contributions 10/11 €62,000 €62,000 = 0.0%
Capital 10 €62,000 €62,000 = 0.0%
Issued capital 100 €62,000 €62,000 = 0.0%
Reserves 13 €6,200 €6,200 = 0.0%
Non-distributable reserves 130/1 €6,200 €6,200 = 0.0%
Legal reserve 130 €6,200 €6,200 = 0.0%
Profit (loss) carried forward 14 €589,235 €598,178 +€8,943 +1.5%
Amounts payable 17/49 €227,604 €198,110 -€29,494 -13.0%
Amounts payable within one year 42/48 €227,604 €198,110 -€29,494 -13.0%
Trade debts 44 €37,871 €14,154 -€23,717 -62.6%
Suppliers 440/4 €37,871 €14,154 -€23,717 -62.6%
Taxes, remuneration and social security 45 €39,973 €33,956 -€6,018 -15.1%
Taxes 450/3 €24,055 €14,623 -€9,432 -39.2%
Remuneration and social security 454/9 €15,918 €19,333 +€3,415 +21.5%
Other amounts payable 47/48 €149,760 €150,000 +€240 +0.2%
Remuneration, social security and pensions 62 €158,707 €155,136 -€3,570 -2.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €27,758 €32,314 +€4,557 +16.4%
Other operating charges 640/8 €11,658 €4,559 -€7,099 -60.9%
Non-recurring operating charges 66A €170 - -€170
Gross operating margin 9900 €392,748 €371,414 -€21,334 -5.4%
Operating profit (loss) 9901 €194,455 €179,404 -€15,051 -7.7%
Financial income 75/76B €25,369 €17,008 -€8,361 -33.0%
Recurring financial income 75 €25,369 €17,008 -€8,361 -33.0%
Financial charges 65/66B €2,087 €346 -€1,741 -83.4%
Recurring financial charges 65 €2,087 €346 -€1,741 -83.4%
Profit (loss) for the period before taxes 9903 €217,738 €196,066 -€21,672 -10.0%
Income taxes 67/77 €42,448 €37,123 -€5,324 -12.5%
Profit (loss) for the period 9904 €175,290 €158,943 -€16,347 -9.3%
Profit (loss) for the period to be appropriated 9905 €175,290 €158,943 -€16,347 -9.3%

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.