GoVan: 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.
GoVan
Largest movements
- Tangible fixed assets +€35,680
up €35,680 (+46.4%), from €76,855 to €112,535
of which Land and buildings: +€24,763
- Intangible fixed assets -€15,700
down €15,700 (-11.1%), from €141,300 to €125,600
- Receivables within one year +€13,166
up €13,166 (+118.6%), from €11,099 to €24,265
- Trade debts +€23,594
up €23,594 (+120.4%), from €19,602 to €43,197
- Other debts +€9,421
up €9,421 (+391.0%), from €2,409 to €11,830
- Debts after one year -€7,317
down €7,317 (-5.3%), from €139,217 to €131,901
- Current portion of long-term debt +€6,321
up €6,321 (+26.4%), from €23,938 to €30,259
- Tax, wage and social debts -€4,976
down €4,976 (-38.9%), from €12,785 to €7,809
of which Taxes: -€7,036
- Staff costs +€76,201
new in 2025: €76,201
- Gross operating margin +€45,271
up €45,271 (+52.3%), from €86,634 to €131,905
- Depreciation +€13,940
up €13,940 (+56.2%), from €24,787 to €38,728
- Taxes -€10,970
down €10,970 (-89.6%), from €12,246 to €1,277
- Financial charges +€3,988
up €3,988 (+67.1%), from €5,946 to €9,933
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.
Cash bridge derived
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 | €250,711 | €282,602 | +€31,892 | +12.7% |
| Fixed assets | 21/28 | €219,555 | €239,535 | +€19,980 | +9.1% |
| Intangible fixed assets | 21 | €141,300 | €125,600 | -€15,700 | -11.1% |
| Tangible fixed assets | 22/27 | €76,855 | €112,535 | +€35,680 | +46.4% |
| Land and buildings | 22 | €16,081 | €40,844 | +€24,763 | +154.0% |
| Plant, machinery and equipment | 23 | €7,672 | €30,420 | +€22,747 | +296.5% |
| Furniture and vehicles | 24 | €53,101 | €41,271 | -€11,830 | -22.3% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €31,156 | €43,068 | +€11,912 | +38.2% |
| Stocks and contracts in progress | 3 | €12,783 | €13,310 | +€527 | +4.1% |
| Stocks | 30/36 | €12,783 | €13,310 | +€527 | +4.1% |
| Amounts receivable within one year | 40/41 | €11,099 | €24,265 | +€13,166 | +118.6% |
| Other amounts receivable | 41 | €11,099 | €24,265 | +€13,166 | +118.6% |
| Cash at bank and in hand | 54/58 | €7,274 | €5,493 | -€1,781 | -24.5% |
| Total equity and liabilities | 10/49 | €250,711 | €282,602 | +€31,892 | +12.7% |
| Equity | 10/15 | €52,759 | €57,607 | +€4,848 | +9.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,759 | €47,607 | +€4,848 | +11.3% |
| Amounts payable | 17/49 | €197,952 | €224,995 | +€27,043 | +13.7% |
| Amounts payable after more than one year | 17 | €139,217 | €131,901 | -€7,317 | -5.3% |
| Financial debts | 170/4 | €139,217 | €131,901 | -€7,317 | -5.3% |
| Amounts payable within one year | 42/48 | €58,734 | €93,095 | +€34,360 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €23,938 | €30,259 | +€6,321 | +26.4% |
| Trade debts | 44 | €19,602 | €43,197 | +€23,594 | +120.4% |
| Suppliers | 440/4 | €19,602 | €43,197 | +€23,594 | +120.4% |
| Taxes, remuneration and social security | 45 | €12,785 | €7,809 | -€4,976 | -38.9% |
| Taxes | 450/3 | €12,785 | €5,749 | -€7,036 | -55.0% |
| Remuneration and social security | 454/9 | - | €2,060 | +€2,060 | |
| Other amounts payable | 47/48 | €2,409 | €11,830 | +€9,421 | +391.0% |
| Remuneration, social security and pensions | 62 | - | €76,201 | +€76,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,787 | €38,728 | +€13,940 | +56.2% |
| Other operating charges | 640/8 | €979 | €1,040 | +€61 | +6.3% |
| Gross operating margin | 9900 | €86,634 | €131,905 | +€45,271 | +52.3% |
| Operating profit (loss) | 9901 | €60,868 | €15,936 | -€44,931 | -73.8% |
| Financial income | 75/76B | €83 | €122 | +€39 | +46.4% |
| Recurring financial income | 75 | €83 | €122 | +€39 | +46.4% |
| Financial charges | 65/66B | €5,946 | €9,933 | +€3,988 | +67.1% |
| Recurring financial charges | 65 | €5,946 | €9,933 | +€3,988 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €55,005 | €6,125 | -€48,880 | -88.9% |
| Income taxes | 67/77 | €12,246 | €1,277 | -€10,970 | -89.6% |
| Profit (loss) for the period | 9904 | €42,759 | €4,848 | -€37,911 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,759 | €4,848 | -€37,911 | -88.7% |
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 10 October 2026 via checked.be.