GOVABO: 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.
GOVABO
Largest movements
- Cash -€71,736
down €71,736 (-67.2%), from €106,817 to €35,081
mainly Tax, wage and social debts (-€27,483) and Net result for the year (-€23,829)
- Tangible fixed assets +€9,500
up €9,500 (+92.8%), from €10,231 to €19,731
of which Furniture and vehicles: +€10,527
- Receivables within one year -€5,166
down €5,166 (-19.5%), from €26,543 to €21,377
of which Trade receivables: -€11,132
- Deferred charges and accrued income -€3,562
down €3,562 (-84.4%), from €4,219 to €657
- Tax, wage and social debts -€27,483
down €27,483 (-94.0%), from €29,230 to €1,747
- Reserves -€23,829
down €23,829 (-37.2%), from €64,088 to €40,259
- Other debts -€13,074
down €13,074 (-84.4%), from €15,488 to €2,414
- Trade debts -€6,603
down €6,603 (-32.4%), from €20,405 to €13,802
- Gross operating margin -€38,905
down €38,905, from €20,378 to -€18,528
- Taxes -€4,993
down €4,993 (-92.2%), from €5,415 to €422
- Other operating charges +€342
up €342 (+36.9%), from €928 to €1,270
- Depreciation -€270
down €270 (-6.9%), from €3,941 to €3,671
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 | €147,811 | €76,846 | -€70,965 | -48.0% |
| Fixed assets | 21/28 | €10,231 | €19,731 | +€9,500 | +92.8% |
| Tangible fixed assets | 22/27 | €10,231 | €19,731 | +€9,500 | +92.8% |
| Plant, machinery and equipment | 23 | €634 | €110 | -€524 | -82.7% |
| Furniture and vehicles | 24 | €5,572 | €16,099 | +€10,527 | +188.9% |
| Other tangible fixed assets | 26 | €4,026 | €3,523 | -€503 | -12.5% |
| Current assets | 29/58 | €137,579 | €57,115 | -€80,464 | -58.5% |
| Amounts receivable within one year | 40/41 | €26,543 | €21,377 | -€5,166 | -19.5% |
| Trade receivables | 40 | €26,524 | €15,393 | -€11,132 | -42.0% |
| Other amounts receivable | 41 | €19 | €5,984 | +€5,965 | +31347.2% |
| Cash at bank and in hand | 54/58 | €106,817 | €35,081 | -€71,736 | -67.2% |
| Deferred charges and accrued income | 490/1 | €4,219 | €657 | -€3,562 | -84.4% |
| Total equity and liabilities | 10/49 | €147,811 | €76,846 | -€70,965 | -48.0% |
| Equity | 10/15 | €82,688 | €58,859 | -€23,829 | -28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,088 | €40,259 | -€23,829 | -37.2% |
| Distributable reserves | 133 | €64,088 | €40,259 | -€23,829 | -37.2% |
| Amounts payable | 17/49 | €65,123 | €17,987 | -€47,135 | -72.4% |
| Amounts payable within one year | 42/48 | €65,123 | €17,962 | -€47,160 | -72.4% |
| Trade debts | 44 | €20,405 | €13,802 | -€6,603 | -32.4% |
| Suppliers | 440/4 | €20,405 | €13,802 | -€6,603 | -32.4% |
| Taxes, remuneration and social security | 45 | €29,230 | €1,747 | -€27,483 | -94.0% |
| Taxes | 450/3 | €29,230 | €1,747 | -€27,483 | -94.0% |
| Other amounts payable | 47/48 | €15,488 | €2,414 | -€13,074 | -84.4% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,941 | €3,671 | -€270 | -6.9% |
| Other operating charges | 640/8 | €928 | €1,270 | +€342 | +36.9% |
| Gross operating margin | 9900 | €20,378 | -€18,528 | -€38,905 | |
| Operating profit (loss) | 9901 | €15,509 | -€23,468 | -€38,977 | |
| Financial income | 75/76B | €69 | €258 | +€189 | +276.3% |
| Recurring financial income | 75 | €69 | €258 | +€189 | +276.3% |
| Financial charges | 65/66B | €309 | €197 | -€112 | -36.2% |
| Recurring financial charges | 65 | €309 | €197 | -€112 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €15,269 | -€23,408 | -€38,676 | |
| Income taxes | 67/77 | €5,415 | €422 | -€4,993 | -92.2% |
| Profit (loss) for the period | 9904 | €9,854 | -€23,829 | -€33,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,854 | -€23,829 | -€33,683 |
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 11 October 2026 via checked.be.