GOVAN: 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.
GOVAN
Largest movements
- Receivables within one year +€10,101
up €10,101 (+28.3%), from €35,706 to €45,807
of which Other amounts receivable: +€13,056
- Tangible fixed assets -€5,551
down €5,551 (-35.1%), from €15,829 to €10,278
- Short-term financial debts +€9,902
up €9,902 (+196.9%), from €5,030 to €14,932
- Other debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Reserves +€5,300
up €5,300 (+21.8%), from €24,309 to €29,609
of which Distributable reserves: +€7,159
- Tax, wage and social debts -€3,771
down €3,771 (-77.2%), from €4,885 to €1,114
- Gross operating margin -€12,248
down €12,248 (-43.4%), from €28,207 to €15,959
- Write-downs -€3,304
down €3,304 (-100.0%), from €3,304 to €0
- Financial income +€1,571
up €1,571 (+573.0%), from €274 to €1,845
- Financial charges +€870
up €870 (+86.9%), from €1,001 to €1,871
- Taxes +€459
up €459 (+12.9%), from €3,555 to €4,014
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 | €51,535 | €56,085 | +€4,551 | +8.8% |
| Fixed assets | 21/28 | €15,829 | €10,278 | -€5,551 | -35.1% |
| Tangible fixed assets | 22/27 | €15,829 | €10,278 | -€5,551 | -35.1% |
| Furniture and vehicles | 24 | €15,829 | €10,278 | -€5,551 | -35.1% |
| Current assets | 29/58 | €35,706 | €45,807 | +€10,101 | +28.3% |
| Amounts receivable within one year | 40/41 | €35,706 | €45,807 | +€10,101 | +28.3% |
| Trade receivables | 40 | €7,411 | €4,456 | -€2,954 | -39.9% |
| Other amounts receivable | 41 | €28,295 | €41,351 | +€13,056 | +46.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €51,535 | €56,085 | +€4,551 | +8.8% |
| Equity | 10/15 | €30,577 | €35,893 | +€5,316 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,309 | €29,609 | +€5,300 | +21.8% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €22,450 | €29,609 | +€7,159 | +31.9% |
| Profit (loss) carried forward | 14 | €68 | €84 | +€16 | +23.3% |
| Amounts payable | 17/49 | €20,958 | €20,193 | -€765 | -3.7% |
| Amounts payable within one year | 42/48 | €20,958 | €20,193 | -€765 | -3.7% |
| Financial debts | 43 | €5,030 | €14,932 | +€9,902 | +196.9% |
| Credit institutions | 430/8 | €5,030 | €14,932 | +€9,902 | +196.9% |
| Trade debts | 44 | €226 | €330 | +€104 | +45.9% |
| Suppliers | 440/4 | €226 | €330 | +€104 | +45.9% |
| Advances received on contracts in progress | 46 | €3,817 | €3,817 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,885 | €1,114 | -€3,771 | -77.2% |
| Taxes | 450/3 | €4,885 | €1,114 | -€3,771 | -77.2% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,916 | €5,551 | -€366 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,304 | €0 | -€3,304 | -100.0% |
| Other operating charges | 640/8 | €1,133 | €1,052 | -€81 | -7.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,207 | €15,959 | -€12,248 | -43.4% |
| Operating profit (loss) | 9901 | €17,854 | €9,356 | -€8,498 | -47.6% |
| Financial income | 75/76B | €274 | €1,845 | +€1,571 | +573.0% |
| Recurring financial income | 75 | €274 | €1,845 | +€1,571 | +573.0% |
| Financial charges | 65/66B | €1,001 | €1,871 | +€870 | +86.9% |
| Recurring financial charges | 65 | €1,001 | €1,871 | +€870 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €17,127 | €9,330 | -€7,797 | -45.5% |
| Income taxes | 67/77 | €3,555 | €4,014 | +€459 | +12.9% |
| Profit (loss) for the period | 9904 | €13,572 | €5,316 | -€8,256 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,572 | €5,316 | -€8,256 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.