GOVA TRADING: 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 TRADING
Largest movements
- Tangible fixed assets +€260,796
up €260,796 (+29.2%), from €892,558 to €1.2m
of which Other tangible fixed assets: +€182,392
- Cash -€127,648
down €127,648 (-70.0%), from €182,279 to €54,631
mainly Investment in fixed assets (net) (-€415,852) and Stocks and contracts (-€43,775)
- Stocks and contracts +€43,775
up €43,775 (+10.9%), from €400,767 to €444,543
- Profit (loss) carried forward +€89,597
up €89,597 (+19.1%), from €468,080 to €557,677
- Other debts +€89,565
up €89,565 (+29.6%), from €302,403 to €391,968
- Debts after one year -€24,064
down €24,064 (-13.6%), from €176,480 to €152,415
- Depreciation +€35,592
up €35,592 (+35.0%), from €101,799 to €137,391
- Gross operating margin -€26,481
down €26,481 (-9.2%), from €287,338 to €260,857
- Taxes -€21,266
down €21,266 (-54.0%), from €39,418 to €18,152
- Other operating charges +€3,351
up €3,351 (+53.5%), from €6,262 to €9,613
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 | €1,700,196 | €1,884,258 | +€184,062 | +10.8% |
| Fixed assets | 21/28 | €942,059 | €1,220,520 | +€278,461 | +29.6% |
| Intangible fixed assets | 21 | - | €17,666 | +€17,666 | |
| Tangible fixed assets | 22/27 | €892,558 | €1,153,353 | +€260,796 | +29.2% |
| Land and buildings | 22 | €598,129 | €558,604 | -€39,525 | -6.6% |
| Plant, machinery and equipment | 23 | €62,981 | €51,782 | -€11,200 | -17.8% |
| Furniture and vehicles | 24 | €31,446 | €160,574 | +€129,128 | +411% |
| Other tangible fixed assets | 26 | €200,002 | €382,394 | +€182,392 | +91.2% |
| Financial fixed assets | 28 | €49,501 | €49,501 | = | 0.0% |
| Current assets | 29/58 | €758,137 | €663,737 | -€94,400 | -12.5% |
| Stocks and contracts in progress | 3 | €400,767 | €444,543 | +€43,775 | +10.9% |
| Stocks | 30/36 | €400,767 | €444,543 | +€43,775 | +10.9% |
| Amounts receivable within one year | 40/41 | €175,090 | €158,800 | -€16,290 | -9.3% |
| Trade receivables | 40 | €148,896 | €137,946 | -€10,950 | -7.4% |
| Other amounts receivable | 41 | €26,194 | €20,854 | -€5,340 | -20.4% |
| Cash at bank and in hand | 54/58 | €182,279 | €54,631 | -€127,648 | -70.0% |
| Deferred charges and accrued income | 490/1 | €0 | €5,764 | +€5,764 | |
| Total equity and liabilities | 10/49 | €1,700,196 | €1,884,258 | +€184,062 | +10.8% |
| Equity | 10/15 | €877,183 | €966,780 | +€89,597 | +10.2% |
| Contributions | 10/11 | €319,550 | €319,550 | = | 0.0% |
| Reserves | 13 | €89,553 | €89,553 | = | 0.0% |
| Distributable reserves | 133 | €89,553 | €89,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,080 | €557,677 | +€89,597 | +19.1% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €813,013 | €907,478 | +€94,465 | +11.6% |
| Amounts payable after more than one year | 17 | €176,480 | €152,415 | -€24,064 | -13.6% |
| Financial debts | 170/4 | €176,480 | €152,415 | -€24,064 | -13.6% |
| Amounts payable within one year | 42/48 | €635,165 | €753,724 | +€118,559 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €64,090 | €79,981 | +€15,891 | +24.8% |
| Trade debts | 44 | €243,040 | €261,057 | +€18,017 | +7.4% |
| Suppliers | 440/4 | €243,040 | €261,057 | +€18,017 | +7.4% |
| Taxes, remuneration and social security | 45 | €25,632 | €20,719 | -€4,913 | -19.2% |
| Taxes | 450/3 | €23,007 | €18,094 | -€4,913 | -21.4% |
| Remuneration and social security | 454/9 | €2,625 | €2,625 | = | 0.0% |
| Other amounts payable | 47/48 | €302,403 | €391,968 | +€89,565 | +29.6% |
| Accrued charges and deferred income | 492/3 | €1,368 | €1,338 | -€30 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,799 | €137,391 | +€35,592 | +35.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €920 | €0 | -€920 | -100% |
| Other operating charges | 640/8 | €6,262 | €9,613 | +€3,351 | +53.5% |
| Gross operating margin | 9900 | €287,338 | €260,857 | -€26,481 | -9.2% |
| Operating profit (loss) | 9901 | €178,358 | €113,853 | -€64,504 | -36.2% |
| Financial income | 75/76B | €225 | €178 | -€47 | -20.8% |
| Recurring financial income | 75 | €225 | €178 | -€47 | -20.8% |
| Financial charges | 65/66B | €5,491 | €6,283 | +€792 | +14.4% |
| Recurring financial charges | 65 | €5,491 | €6,283 | +€792 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €173,092 | €107,748 | -€65,343 | -37.8% |
| Income taxes | 67/77 | €39,418 | €18,152 | -€21,266 | -54.0% |
| Profit (loss) for the period | 9904 | €133,674 | €89,597 | -€44,077 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,674 | €89,597 | -€44,077 | -33.0% |
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 25 October 2026 via checked.be.