Govaerts: 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.
Govaerts
Largest movements
- Receivables within one year -€5,846
down €5,846 (-13.3%), from €43,922 to €38,075
of which Trade receivables: -€6,154
- Cash +€4,775
up €4,775 (+25.5%), from €18,712 to €23,487
mainly Tax, wage and social debts (+€8,020) and Receivables within one year (+€5,846)
- Tax, wage and social debts +€8,020
up €8,020 (+28.8%), from €27,840 to €35,859
- Reserves -€5,728
down €5,728 (-37.1%), from €15,452 to €9,723
- Trade debts -€3,111
down €3,111 (-18.1%), from €17,167 to €14,056
- Gross operating margin -€7,941
down €7,941 (-84.4%), from €9,410 to €1,469
- Other operating charges +€1,713
up €1,713 (+73.8%), from €2,320 to €4,033
- Financial charges +€1,663
up €1,663 (+159.1%), from €1,045 to €2,709
- Taxes -€538
down €538 (-49.8%), from €1,080 to €542
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,459 | €64,639 | -€820 | -1.3% |
| Current assets | 29/58 | €65,459 | €64,639 | -€820 | -1.3% |
| Stocks and contracts in progress | 3 | €1,500 | €1,725 | +€225 | +15.0% |
| Stocks | 30/36 | €1,500 | €1,725 | +€225 | +15.0% |
| Amounts receivable within one year | 40/41 | €43,922 | €38,075 | -€5,846 | -13.3% |
| Trade receivables | 40 | €33,421 | €27,267 | -€6,154 | -18.4% |
| Other amounts receivable | 41 | €10,500 | €10,808 | +€308 | +2.9% |
| Cash at bank and in hand | 54/58 | €18,712 | €23,487 | +€4,775 | +25.5% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,351 | +€27 | +2.0% |
| Total equity and liabilities | 10/49 | €65,459 | €64,639 | -€820 | -1.3% |
| Equity | 10/15 | €20,452 | €14,723 | -€5,728 | -28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,452 | €9,723 | -€5,728 | -37.1% |
| Distributable reserves | 133 | €15,452 | €9,723 | -€5,728 | -37.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €45,007 | €49,915 | +€4,908 | +10.9% |
| Amounts payable within one year | 42/48 | €45,007 | €49,915 | +€4,908 | +10.9% |
| Trade debts | 44 | €17,167 | €14,056 | -€3,111 | -18.1% |
| Suppliers | 440/4 | €17,167 | €14,056 | -€3,111 | -18.1% |
| Taxes, remuneration and social security | 45 | €27,840 | €35,859 | +€8,020 | +28.8% |
| Taxes | 450/3 | €27,840 | €35,859 | +€8,020 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,320 | €4,033 | +€1,713 | +73.8% |
| Gross operating margin | 9900 | €9,410 | €1,469 | -€7,941 | -84.4% |
| Operating profit (loss) | 9901 | €7,089 | -€2,564 | -€9,654 | |
| Financial income | 75/76B | €0 | €87 | +€86 | +18338.3% |
| Recurring financial income | 75 | €0 | €87 | +€86 | +18338.3% |
| Financial charges | 65/66B | €1,045 | €2,709 | +€1,663 | +159.1% |
| Recurring financial charges | 65 | €1,045 | €2,709 | +€1,663 | +159.1% |
| Profit (loss) for the period before taxes | 9903 | €6,044 | -€5,186 | -€11,231 | |
| Income taxes | 67/77 | €1,080 | €542 | -€538 | -49.8% |
| Profit (loss) for the period | 9904 | €4,965 | -€5,728 | -€10,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,965 | -€5,728 | -€10,693 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.