GOVAERTS INDUSTRIES: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
What changed
GOVAERTS INDUSTRIES
NACE 08.910, Other mining and quarrying
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€176,390
2024 · €8,854-€185,244
Equity
€145,567
2024 · €321,956-€176,390
Cash
€44,640
2024 · €344,278-€299,637
Balance sheet total
€19.8m
2024 · €8.3m+€11.6m
Largest movements
Assets
- Tangible fixed assets +€7.6m
up €7.6m (+127%), from €6.0m to €13.5m
of which Leasing and similar rights: +€12.9m
- Receivables after one year +€4.2m
up €4.2m (+223%), from €1.9m to €6.0m
- Cash -€299,637
down €299,637 (-87.0%), from €344,278 to €44,640
mainly Investment in fixed assets (net) (-€8.3m) and Other debts (-€7.5m)
Equity and liabilities
- Debts after one year +€11.4m
up €11.4m (+715,175%), from €1,600 to €11.4m
of which Financial debts: +€11.4m
- Other debts -€7.5m
down €7.5m (-97.3%), from €7.7m to €205,975
- Accrued charges and deferred income +€7.2m
up €7.2m (+7,364%), from €97,871 to €7.3m
- Current portion of long-term debt +€701,932
up €701,932, from €0 to €701,932
Income statement
- Other operating income +€503,395
up €503,395 (+83.3%), from €604,303 to €1.1m
- Depreciation +€473,832
up €473,832 (+189%), from €250,179 to €724,011
- Financial charges +€218,734
up €218,734 (+101%), from €216,797 to €435,530
- Financial income +€50,006
up €50,006 (+422%), from €11,847 to €61,853
- Services and other goods +€39,067
up €39,067 (+56.5%), from €69,154 to €108,221
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
€8,854
Turnover
+€2,470
Other operating income
+€503,395
Services and other goods
-€39,067
Depreciation
-€473,832
Other operating charges
-€12,756
Financial income
+€50,006
Financial charges
-€218,734
Taxes
+€3,273
Result 2025
-€176,390
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
-€4.1m
Investment
-€8.3m
Financing
+€12.1m
Cash 2024
€344,278
From operations (derived)
-€4.1m
Net result for the year
-€176,390
Depreciation
+€724,011
Receivables after one year
-€4.2m
Receivables within one year
+€18,294
Deferred charges and accrued income
-€147,292
Trade debts
-€74,546
Other debts
-€7.5m
Accrued charges and deferred income
+€7.2m
Investment (derived)
-€8.3m
Investment in fixed assets (net)
-€8.3m
Financing
+€12.1m
Debts after one year
+€11.4m
Current portion of long-term debt
+€701,932
Cash 2025
€44,640
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,258,586 | €19,829,613 | +€11.6m | +140% |
| Fixed assets | 21/28 | €5,959,267 | €13,530,466 | +€7.6m | +127% |
| Tangible fixed assets | 22/27 | €5,959,267 | €13,530,466 | +€7.6m | +127% |
| Land and buildings | 22 | €5,944,900 | €602,200 | -€5.3m | -89.9% |
| Plant, machinery and equipment | 23 | €812 | €427 | -€384 | -47.3% |
| Furniture and vehicles | 24 | €13,555 | €10,730 | -€2,825 | -20.8% |
| Leasing and similar rights | 25 | - | €12,873,669 | +€12.9m | |
| Other tangible fixed assets | 26 | - | €43,439 | +€43,439 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Current assets | 29/58 | €2,299,319 | €6,299,147 | +€4.0m | +174% |
| Amounts receivable after more than one year | 29 | €1,871,392 | €6,041,860 | +€4.2m | +223% |
| Other amounts receivable | 291 | €1,871,392 | €6,041,860 | +€4.2m | +223% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €81,149 | €62,855 | -€18,294 | -22.5% |
| Trade receivables | 40 | €78,056 | €62,685 | -€15,371 | -19.7% |
| Other amounts receivable | 41 | €3,093 | €171 | -€2,922 | -94.5% |
| Cash at bank and in hand | 54/58 | €344,278 | €44,640 | -€299,637 | -87.0% |
| Deferred charges and accrued income | 490/1 | €2,501 | €149,792 | +€147,292 | +5,890% |
| Total equity and liabilities | 10/49 | €8,258,586 | €19,829,613 | +€11.6m | +140% |
| Equity | 10/15 | €321,956 | €145,567 | -€176,390 | -54.8% |
| Contributions | 10/11 | €216,907 | €216,907 | = | 0.0% |
| Capital | 10 | €216,907 | €216,907 | = | 0.0% |
| Issued capital | 100 | €216,907 | €216,907 | = | 0.0% |
| Reserves | 13 | €68,268 | €68,268 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,691 | €21,691 | = | 0.0% |
| Legal reserve | 130 | €21,691 | €21,691 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,721 | €10,721 | = | 0.0% |
| Distributable reserves | 133 | €35,856 | €35,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,781 | -€139,608 | -€176,390 | |
| Amounts payable | 17/49 | €7,936,630 | €19,684,046 | +€11.7m | +148% |
| Amounts payable after more than one year | 17 | €1,600 | €11,444,400 | +€11.4m | +715,175% |
| Financial debts | 170/4 | €0 | €11,442,800 | +€11.4m | |
| Leasing and similar obligations | 172 | - | €11,442,800 | +€11.4m | |
| Credit institutions | 173 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,837,159 | €934,888 | -€6.9m | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €701,932 | +€701,932 | |
| Trade debts | 44 | €98,421 | €23,875 | -€74,546 | -75.7% |
| Suppliers | 440/4 | €98,421 | €23,875 | -€74,546 | -75.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,106 | €3,106 | = | 0.0% |
| Taxes | 450/3 | €3,106 | €3,106 | = | 0.0% |
| Other amounts payable | 47/48 | €7,735,632 | €205,975 | -€7.5m | -97.3% |
| Accrued charges and deferred income | 492/3 | €97,871 | €7,304,758 | +€7.2m | +7,364% |
| Operating income | 70/76A | €604,303 | €1,110,168 | +€505,865 | +83.7% |
| Turnover | 70 | - | €2,470 | +€2,470 | |
| Other operating income | 74 | €604,303 | €1,107,698 | +€503,395 | +83.3% |
| Operating charges | 60/66A | €387,205 | €912,860 | +€525,655 | +136% |
| Services and other goods | 61 | €69,154 | €108,221 | +€39,067 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,179 | €724,011 | +€473,832 | +189% |
| Other operating charges | 640/8 | €67,873 | €80,629 | +€12,756 | +18.8% |
| Operating profit (loss) | 9901 | €217,098 | €197,308 | -€19,790 | -9.1% |
| Financial income | 75/76B | €11,847 | €61,853 | +€50,006 | +422% |
| Recurring financial income | 75 | €11,847 | €61,853 | +€50,006 | +422% |
| Income from current assets | 751 | €9,119 | €61,342 | +€52,223 | +573% |
| Other financial income | 752/9 | €2,728 | €512 | -€2,216 | -81.2% |
| Financial charges | 65/66B | €216,797 | €435,530 | +€218,734 | +101% |
| Recurring financial charges | 65 | €216,797 | €435,530 | +€218,734 | +101% |
| Debt charges | 650 | €126,506 | €434,716 | +€308,210 | +244% |
| Other financial charges | 652/9 | €90,290 | €814 | -€89,476 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €12,148 | -€176,370 | -€188,517 | |
| Income taxes | 67/77 | €3,293 | €20 | -€3,273 | -99.4% |
| Taxes | 670/3 | €3,293 | €20 | -€3,273 | -99.4% |
| Profit (loss) for the period | 9904 | €8,854 | -€176,390 | -€185,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,854 | -€176,390 | -€185,244 |
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 1 November 2026 via checked.be.