Govaerts Technopro: 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.
What changed
Govaerts Technopro
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€91,281
2024 · €202,681-€111,400
Equity
€608,832
2024 · €617,376-€8,545
Cash
€29,552
2024 · €23,064+€6,488
Balance sheet total
€838,556
2024 · €954,764-€116,208
Largest movements
Assets
- Deferred charges and accrued income -€149,883
down €149,883 (-99.5%), from €150,590 to €707
- Receivables within one year +€21,784
up €21,784 (+22.4%), from €97,120 to €118,905
of which Trade receivables: +€22,105
Equity and liabilities
- Debts after one year -€132,764
down €132,764 (-99.4%), from €133,587 to €823
- Other debts +€45,562
up €45,562 (+56.9%), from €80,084 to €125,645
- Current portion of long-term debt -€22,711
down €22,711 (-31.1%), from €73,004 to €50,294
Income statement
- Financial income -€148,212
down €148,212 (-98.7%), from €150,212 to €2,000
- Depreciation -€23,693
down €23,693 (-88.1%), from €26,895 to €3,202
- Gross operating margin +€12,515
up €12,515 (+9.9%), from €126,766 to €139,281
- Taxes -€2,776
down €2,776 (-7.0%), from €39,864 to €37,088
- Staff costs +€2,696
new in 2025: €2,696
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.
Result 2024
€202,681
Gross operating margin
+€12,515
Staff costs
-€2,696
Depreciation
+€23,693
Other operating charges
+€650
Financial income
-€148,212
Financial charges
-€126
Taxes
+€2,776
Result 2025
€91,281
raises the resultlowers the result
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.
From operations
+€270,450
Investment
-€8,605
Financing
-€255,357
Cash 2024
€23,064
From operations (derived)
+€270,450
Net result for the year
+€91,281
Depreciation
+€3,202
Receivables within one year
-€21,784
Deferred charges and accrued income
+€149,883
Trade debts
-€2,116
Tax, wage and social debts
-€1,584
Other debts
+€45,562
Accrued charges and deferred income
+€6,007
Investment (derived)
-€8,605
Investment in fixed assets (net)
-€8,605
Financing
-€255,357
Debts after one year
-€132,764
Current portion of long-term debt
-€22,711
Short-term financial debts
-€57
Contributions, distributions and other
-€99,826
Cash 2025
€29,552
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €954,764 | €838,556 | -€116,208 | -12.2% |
| Fixed assets | 21/28 | €683,990 | €689,392 | +€5,402 | +0.8% |
| Tangible fixed assets | 22/27 | €179,990 | €185,392 | +€5,402 | +3.0% |
| Land and buildings | 22 | €173,500 | €181,553 | +€8,053 | +4.6% |
| Plant, machinery and equipment | 23 | €2,266 | €1,477 | -€789 | -34.8% |
| Furniture and vehicles | 24 | €4,223 | €2,361 | -€1,862 | -44.1% |
| Financial fixed assets | 28 | €504,000 | €504,000 | = | 0.0% |
| Current assets | 29/58 | €270,775 | €149,164 | -€121,611 | -44.9% |
| Amounts receivable within one year | 40/41 | €97,120 | €118,905 | +€21,784 | +22.4% |
| Trade receivables | 40 | €96,800 | €118,905 | +€22,105 | +22.8% |
| Other amounts receivable | 41 | €320 | - | -€320 | |
| Cash at bank and in hand | 54/58 | €23,064 | €29,552 | +€6,488 | +28.1% |
| Deferred charges and accrued income | 490/1 | €150,590 | €707 | -€149,883 | -99.5% |
| Total equity and liabilities | 10/49 | €954,764 | €838,556 | -€116,208 | -12.2% |
| Equity | 10/15 | €617,376 | €608,832 | -€8,545 | -1.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €598,826 | €590,282 | -€8,545 | -1.4% |
| Distributable reserves | 133 | €598,826 | €590,282 | -€8,545 | -1.4% |
| Amounts payable | 17/49 | €337,388 | €229,724 | -€107,664 | -31.9% |
| Amounts payable after more than one year | 17 | €133,587 | €823 | -€132,764 | -99.4% |
| Financial debts | 170/4 | €133,587 | €823 | -€132,764 | -99.4% |
| Amounts payable within one year | 42/48 | €201,545 | €220,638 | +€19,093 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €73,004 | €50,294 | -€22,711 | -31.1% |
| Financial debts | 43 | €8,333 | €8,276 | -€57 | -0.7% |
| Credit institutions | 430/8 | €8,333 | €8,276 | -€57 | -0.7% |
| Trade debts | 44 | €3,280 | €1,164 | -€2,116 | -64.5% |
| Suppliers | 440/4 | €3,280 | €1,164 | -€2,116 | -64.5% |
| Taxes, remuneration and social security | 45 | €36,844 | €35,260 | -€1,584 | -4.3% |
| Taxes | 450/3 | €34,207 | €32,629 | -€1,579 | -4.6% |
| Remuneration and social security | 454/9 | €2,637 | €2,631 | -€5 | -0.2% |
| Other amounts payable | 47/48 | €80,084 | €125,645 | +€45,562 | +56.9% |
| Accrued charges and deferred income | 492/3 | €2,256 | €8,263 | +€6,007 | +266% |
| Remuneration, social security and pensions | 62 | - | €2,696 | +€2,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,895 | €3,202 | -€23,693 | -88.1% |
| Other operating charges | 640/8 | €1,103 | €453 | -€650 | -58.9% |
| Gross operating margin | 9900 | €126,766 | €139,281 | +€12,515 | +9.9% |
| Operating profit (loss) | 9901 | €98,768 | €132,930 | +€34,162 | +34.6% |
| Financial income | 75/76B | €150,212 | €2,000 | -€148,212 | -98.7% |
| Recurring financial income | 75 | €150,212 | €2,000 | -€148,212 | -98.7% |
| Financial charges | 65/66B | €6,435 | €6,561 | +€126 | +2.0% |
| Recurring financial charges | 65 | €6,435 | €6,561 | +€126 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €242,545 | €128,369 | -€114,176 | -47.1% |
| Income taxes | 67/77 | €39,864 | €37,088 | -€2,776 | -7.0% |
| Profit (loss) for the period | 9904 | €202,681 | €91,281 | -€111,400 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,681 | €91,281 | -€111,400 | -55.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.