GoVa & Partners: 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.
GoVa & Partners
Largest movements
- Tangible fixed assets -€9,676
down €9,676 (-32.7%), from €29,546 to €19,870
of which Furniture and vehicles: -€9,200
- Cash -€8,034
down €8,034 (-11.8%), from €67,918 to €59,884
mainly Contributions, distributions and other (-€96,318) and Trade debts (-€52,644)
- Trade debts -€52,644
down €52,644 (-52.4%), from €100,374 to €47,730
- Reserves -€41,310
down €41,310 (-47.0%), from €87,918 to €46,608
of which Distributable reserves: -€39,310
- Other debts +€32,011
up €32,011 (+393%), from €8,150 to €40,161
- Tax, wage and social debts +€18,805
up €18,805 (+39.3%), from €47,816 to €66,621
of which Taxes: +€17,347
- Debts after one year +€16,314
up €16,314 (+143%), from €11,439 to €27,753
- Gross operating margin +€97,309
up €97,309 (+39.2%), from €248,408 to €345,717
- Staff costs +€64,742
up €64,742 (+35.1%), from €184,419 to €249,161
- Other operating charges -€14,938
down €14,938 (-87.1%), from €17,158 to €2,221
- Taxes +€12,710
up €12,710 (+154%), from €8,236 to €20,946
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 | €290,065 | €273,782 | -€16,283 | -5.6% |
| Fixed assets | 21/28 | €33,546 | €21,870 | -€11,676 | -34.8% |
| Intangible fixed assets | 21 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Tangible fixed assets | 22/27 | €29,546 | €19,870 | -€9,676 | -32.7% |
| Furniture and vehicles | 24 | €28,916 | €19,716 | -€9,200 | -31.8% |
| Other tangible fixed assets | 26 | €629 | €154 | -€475 | -75.6% |
| Current assets | 29/58 | €256,519 | €251,912 | -€4,607 | -1.8% |
| Amounts receivable within one year | 40/41 | €181,206 | €182,350 | +€1,144 | +0.6% |
| Trade receivables | 40 | €171,362 | €171,211 | -€151 | -0.1% |
| Other amounts receivable | 41 | €9,844 | €11,139 | +€1,295 | +13.2% |
| Cash at bank and in hand | 54/58 | €67,918 | €59,884 | -€8,034 | -11.8% |
| Deferred charges and accrued income | 490/1 | €7,396 | €9,679 | +€2,283 | +30.9% |
| Total equity and liabilities | 10/49 | €290,065 | €273,782 | -€16,283 | -5.6% |
| Equity | 10/15 | €107,918 | €66,608 | -€41,310 | -38.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,918 | €46,608 | -€41,310 | -47.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €85,918 | €46,608 | -€39,310 | -45.8% |
| Amounts payable | 17/49 | €182,147 | €207,174 | +€25,027 | +13.7% |
| Amounts payable after more than one year | 17 | €11,439 | €27,753 | +€16,314 | +143% |
| Financial debts | 170/4 | €11,439 | €27,753 | +€16,314 | +143% |
| Amounts payable within one year | 42/48 | €170,708 | €179,421 | +€8,713 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €12,186 | €22,733 | +€10,548 | +86.6% |
| Financial debts | 43 | €2,183 | €2,176 | -€7 | -0.3% |
| Credit institutions | 430/8 | €2,183 | €2,176 | -€7 | -0.3% |
| Trade debts | 44 | €100,374 | €47,730 | -€52,644 | -52.4% |
| Suppliers | 440/4 | €100,374 | €47,730 | -€52,644 | -52.4% |
| Taxes, remuneration and social security | 45 | €47,816 | €66,621 | +€18,805 | +39.3% |
| Taxes | 450/3 | €26,324 | €43,671 | +€17,347 | +65.9% |
| Remuneration and social security | 454/9 | €21,492 | €22,950 | +€1,458 | +6.8% |
| Other amounts payable | 47/48 | €8,150 | €40,161 | +€32,011 | +393% |
| Remuneration, social security and pensions | 62 | €184,419 | €249,161 | +€64,742 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,157 | €18,525 | +€368 | +2.0% |
| Other operating charges | 640/8 | €17,158 | €2,221 | -€14,938 | -87.1% |
| Gross operating margin | 9900 | €248,408 | €345,717 | +€97,309 | +39.2% |
| Operating profit (loss) | 9901 | €28,673 | €75,810 | +€47,137 | +164% |
| Financial income | 75/76B | €139 | €2,221 | +€2,082 | +1,499% |
| Recurring financial income | 75 | €139 | €2,221 | +€2,082 | +1,499% |
| Financial charges | 65/66B | €1,529 | €2,076 | +€546 | +35.7% |
| Recurring financial charges | 65 | €1,529 | €2,076 | +€546 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €27,283 | €75,954 | +€48,672 | +178% |
| Income taxes | 67/77 | €8,236 | €20,946 | +€12,710 | +154% |
| Profit (loss) for the period | 9904 | €19,047 | €55,008 | +€35,961 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €19,047 | €55,008 | +€35,961 | +189% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.