GOVATECH: 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.
GOVATECH
Largest movements
- Cash +€40,932
up €40,932 (+539.7%), from €7,584 to €48,515
mainly Net result for the year (+€45,934) and Receivables within one year (+€14,227)
- Current investments +€25,000
new in 2025: €25,000
- Receivables within one year -€14,227
down €14,227 (-58.7%), from €24,229 to €10,002
of which Trade receivables: -€14,200
- Tangible fixed assets -€13,508
down €13,508 (-23.4%), from €57,750 to €44,241
of which Furniture and vehicles: -€16,632
- Deferred charges and accrued income -€2,190
down €2,190 (-32.6%), from €6,710 to €4,519
- Reserves +€45,934
up €45,934 (+86.1%), from €53,320 to €99,254
- Debts after one year -€5,892
down €5,892 (-26.8%), from €21,945 to €16,053
- Tax, wage and social debts -€2,492
down €2,492 (-34.6%), from €7,205 to €4,713
of which Remuneration and social security: -€7,205
- Other debts -€1,722
down €1,722 (-59.8%), from €2,880 to €1,158
- Depreciation +€5,961
up €5,961 (+96.7%), from €6,168 to €12,129
- Taxes -€2,378
down €2,378 (-11.7%), from €20,322 to €17,945
- Gross operating margin -€2,081
down €2,081 (-2.6%), from €81,379 to €79,298
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 | €96,272 | €132,278 | +€36,006 | +37.4% |
| Fixed assets | 21/28 | €57,750 | €44,241 | -€13,508 | -23.4% |
| Tangible fixed assets | 22/27 | €57,750 | €44,241 | -€13,508 | -23.4% |
| Furniture and vehicles | 24 | €57,750 | €41,117 | -€16,632 | -28.8% |
| Other tangible fixed assets | 26 | - | €3,124 | +€3,124 | |
| Current assets | 29/58 | €38,522 | €88,037 | +€49,514 | +128.5% |
| Amounts receivable within one year | 40/41 | €24,229 | €10,002 | -€14,227 | -58.7% |
| Trade receivables | 40 | €24,200 | €10,000 | -€14,200 | -58.7% |
| Other amounts receivable | 41 | €29 | €2 | -€27 | -93.7% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €7,584 | €48,515 | +€40,932 | +539.7% |
| Deferred charges and accrued income | 490/1 | €6,710 | €4,519 | -€2,190 | -32.6% |
| Total equity and liabilities | 10/49 | €96,272 | €132,278 | +€36,006 | +37.4% |
| Equity | 10/15 | €58,320 | €104,254 | +€45,934 | +78.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,320 | €99,254 | +€45,934 | +86.1% |
| Distributable reserves | 133 | €53,320 | €99,254 | +€45,934 | +86.1% |
| Amounts payable | 17/49 | €37,951 | €28,023 | -€9,928 | -26.2% |
| Amounts payable after more than one year | 17 | €21,945 | €16,053 | -€5,892 | -26.8% |
| Financial debts | 170/4 | €21,945 | €16,053 | -€5,892 | -26.8% |
| Amounts payable within one year | 42/48 | €16,006 | €11,971 | -€4,036 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €5,721 | €5,892 | +€172 | +3.0% |
| Trade debts | 44 | €201 | €207 | +€6 | +3.1% |
| Suppliers | 440/4 | €201 | €207 | +€6 | +3.1% |
| Taxes, remuneration and social security | 45 | €7,205 | €4,713 | -€2,492 | -34.6% |
| Taxes | 450/3 | - | €4,713 | +€4,713 | |
| Remuneration and social security | 454/9 | €7,205 | - | -€7,205 | |
| Other amounts payable | 47/48 | €2,880 | €1,158 | -€1,722 | -59.8% |
| Remuneration, social security and pensions | 62 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,168 | €12,129 | +€5,961 | +96.7% |
| Other operating charges | 640/8 | €1,070 | €952 | -€118 | -11.1% |
| Non-recurring operating charges | 66A | - | €1,100 | +€1,100 | |
| Gross operating margin | 9900 | €81,379 | €79,298 | -€2,081 | -2.6% |
| Operating profit (loss) | 9901 | €74,142 | €64,771 | -€9,371 | -12.6% |
| Financial charges | 65/66B | €499 | €892 | +€393 | +78.8% |
| Recurring financial charges | 65 | €499 | €892 | +€393 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €73,643 | €63,878 | -€9,764 | -13.3% |
| Income taxes | 67/77 | €20,322 | €17,945 | -€2,378 | -11.7% |
| Profit (loss) for the period | 9904 | €53,320 | €45,934 | -€7,387 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,320 | €45,934 | -€7,387 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.