GOVAERTS P.: 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.
GOVAERTS P.
Largest movements
- Receivables within one year +€63,099
new in 2025: €63,099
- Receivables after one year -€36,000
down €36,000 (-25.0%), from €144,000 to €108,000
- Cash -€28,866
down €28,866 (-99.5%), from €29,025 to €160
mainly Receivables within one year (-€63,099) and Other debts (-€1,267)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€837
up €837 (+14.7%), from -€5,703 to -€4,866
- Financial income +€778
up €778 (+21.4%), from €3,632 to €4,410
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 | €173,025 | €171,259 | -€1,767 | -1.0% |
| Current assets | 29/58 | €173,025 | €171,259 | -€1,767 | -1.0% |
| Amounts receivable after more than one year | 29 | €144,000 | €108,000 | -€36,000 | -25.0% |
| Other amounts receivable | 291 | €144,000 | €108,000 | -€36,000 | -25.0% |
| Amounts receivable within one year | 40/41 | - | €63,099 | +€63,099 | |
| Other amounts receivable | 41 | - | €63,099 | +€63,099 | |
| Cash at bank and in hand | 54/58 | €29,025 | €160 | -€28,866 | -99.5% |
| Total equity and liabilities | 10/49 | €173,025 | €171,259 | -€1,767 | -1.0% |
| Equity | 10/15 | €171,371 | €170,605 | -€766 | -0.4% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €164,971 | €164,205 | -€766 | -0.5% |
| Distributable reserves | 133 | €164,971 | €164,205 | -€766 | -0.5% |
| Amounts payable | 17/49 | €1,654 | €653 | -€1,001 | -60.5% |
| Amounts payable within one year | 42/48 | €1,654 | €653 | -€1,001 | -60.5% |
| Trade debts | 44 | €387 | €653 | +€266 | +68.7% |
| Suppliers | 440/4 | €387 | €653 | +€266 | +68.7% |
| Other amounts payable | 47/48 | €1,267 | - | -€1,267 | |
| Gross operating margin | 9900 | -€5,703 | -€4,866 | +€837 | +14.7% |
| Operating profit (loss) | 9901 | -€5,703 | -€4,866 | +€837 | +14.7% |
| Financial income | 75/76B | €3,632 | €4,410 | +€778 | +21.4% |
| Recurring financial income | 75 | €3,632 | €4,410 | +€778 | +21.4% |
| Financial charges | 65/66B | €348 | €309 | -€39 | -11.2% |
| Recurring financial charges | 65 | €348 | €309 | -€39 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,420 | -€766 | +€1,654 | +68.4% |
| Profit (loss) for the period | 9904 | -€2,420 | -€766 | +€1,654 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,420 | -€766 | +€1,654 | +68.4% |
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 14 October 2026 via checked.be.