GOVAERT EN VANHOUTTE: what changed
What changed
GOVAERT EN VANHOUTTE
NACE 77.221, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€93,397
2024 · €143,590-€50,193
Equity
€997,942
2024 · €904,546+€93,397
Cash
€45,967
2024 · €21,357+€24,610
Balance sheet total
€4.7m
2024 · €4.9m-€167,529
Largest movements
Assets
- Tangible fixed assets -€185,975
down €185,975 (-4.1%), from €4.5m to €4.3m
Equity and liabilities
- Debts after one year -€298,811
down €298,811 (-8.4%), from €3.6m to €3.3m
- Reserves +€93,397
up €93,397 (+11.1%), from €842,572 to €935,969
of which Distributable reserves: +€93,397
Income statement
- Financial income -€81,011
down €81,011 (-91.8%), from €88,201 to €7,190
of which Non-recurring financial income: -€88,200
- Gross operating margin +€35,811
up €35,811 (+11.0%), from €326,254 to €362,065
- Taxes -€14,019
down €14,019 (-23.1%), from €60,779 to €46,760
- Financial charges +€11,592
up €11,592 (+55.7%), from €20,816 to €32,409
- Depreciation +€6,930
up €6,930 (+3.9%), from €179,045 to €185,975
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€143,590
Gross operating margin
+€35,811
Depreciation
-€6,930
Other operating charges
-€490
Financial income
-€81,011
Financial charges
-€11,592
Taxes
+€14,019
Result 2025
€93,397
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€318,533
Investment
€0
Financing
-€293,923
Cash 2024
€21,357
From operations (derived)
+€318,533
Net result for the year
+€93,397
Depreciation
+€185,975
Receivables within one year
+€6,219
Smaller working-capital items
-€460
Tax, wage and social debts
+€27,502
Accrued charges and deferred income
+€5,900
Financing
-€293,923
Debts after one year
-€298,811
Current portion of long-term debt
+€4,888
Cash 2025
€45,967
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,886,388 | €4,718,859 | -€167,529 | -3.4% |
| Fixed assets | 21/28 | €4,517,670 | €4,331,695 | -€185,975 | -4.1% |
| Tangible fixed assets | 22/27 | €4,517,670 | €4,331,695 | -€185,975 | -4.1% |
| Land and buildings | 22 | €4,517,670 | €4,331,695 | -€185,975 | -4.1% |
| Current assets | 29/58 | €368,718 | €387,164 | +€18,446 | +5.0% |
| Amounts receivable within one year | 40/41 | €347,360 | €341,141 | -€6,219 | -1.8% |
| Trade receivables | 40 | €98,913 | €94,774 | -€4,140 | -4.2% |
| Other amounts receivable | 41 | €248,447 | €246,368 | -€2,080 | -0.8% |
| Cash at bank and in hand | 54/58 | €21,357 | €45,967 | +€24,610 | +115% |
| Deferred charges and accrued income | 490/1 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €4,886,388 | €4,718,859 | -€167,529 | -3.4% |
| Equity | 10/15 | €904,546 | €997,942 | +€93,397 | +10.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €842,572 | €935,969 | +€93,397 | +11.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €836,375 | €929,772 | +€93,397 | +11.2% |
| Amounts payable | 17/49 | €3,981,842 | €3,720,917 | -€260,925 | -6.6% |
| Amounts payable after more than one year | 17 | €3,564,837 | €3,266,026 | -€298,811 | -8.4% |
| Financial debts | 170/4 | €3,564,837 | €3,266,026 | -€298,811 | -8.4% |
| Amounts payable within one year | 42/48 | €395,778 | €427,763 | +€31,985 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €293,923 | €298,811 | +€4,888 | +1.7% |
| Trade debts | 44 | €21,610 | €21,206 | -€404 | -1.9% |
| Suppliers | 440/4 | €21,610 | €21,206 | -€404 | -1.9% |
| Taxes, remuneration and social security | 45 | €80,245 | €107,746 | +€27,502 | +34.3% |
| Taxes | 450/3 | €80,245 | €107,746 | +€27,502 | +34.3% |
| Accrued charges and deferred income | 492/3 | €21,227 | €27,128 | +€5,900 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,045 | €185,975 | +€6,930 | +3.9% |
| Other operating charges | 640/8 | €10,225 | €10,716 | +€490 | +4.8% |
| Gross operating margin | 9900 | €326,254 | €362,065 | +€35,811 | +11.0% |
| Operating profit (loss) | 9901 | €136,984 | €165,375 | +€28,391 | +20.7% |
| Financial income | 75/76B | €88,201 | €7,190 | -€81,011 | -91.8% |
| Recurring financial income | 75 | €1 | €7,190 | +€7,189 | +733,613% |
| Non-recurring financial income | 76B | €88,200 | - | -€88,200 | |
| Financial charges | 65/66B | €20,816 | €32,409 | +€11,592 | +55.7% |
| Recurring financial charges | 65 | €20,816 | €32,409 | +€11,592 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €204,369 | €140,157 | -€64,212 | -31.4% |
| Income taxes | 67/77 | €60,779 | €46,760 | -€14,019 | -23.1% |
| Profit (loss) for the period | 9904 | €143,590 | €93,397 | -€50,193 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,590 | €93,397 | -€50,193 | -35.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.