Govecom Media: 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.
Govecom Media
Largest movements
- Receivables within one year +€7,570
new in 2025: €7,570
of which Trade receivables: +€7,340
- Tangible fixed assets -€5,151
down €5,151 (-16.1%), from €32,054 to €26,903
of which Furniture and vehicles: -€7,138
- Deferred charges and accrued income -€1,784
down €1,784 (-78.4%), from €2,275 to €491
- Cash -€919
down €919 (-52.1%), from €1,766 to €847
mainly Receivables within one year (-€7,570) and Debts after one year (-€6,372)
- Other debts +€12,255
up €12,255 (+91.4%), from €13,404 to €25,660
- Debts after one year -€6,372
down €6,372 (-46.9%), from €13,586 to €7,214
- Profit (loss) carried forward -€5,443
down €5,443 (-118%), from -€4,612 to -€10,055
- Trade debts -€1,132
down €1,132 (-70.4%), from €1,607 to €475
- Gross operating margin +€4,698
up €4,698 (+406%), from €1,158 to €5,856
- Depreciation +€4,415
up €4,415 (+121%), from €3,638 to €8,052
- Taxes +€847
up €847 (+567%), from €149 to €996
- Other operating charges +€176
up €176 (+14.4%), from €1,226 to €1,403
- Financial charges +€116
up €116 (+15.2%), from €767 to €883
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 | €36,096 | €35,811 | -€285 | -0.8% |
| Fixed assets | 21/28 | €32,054 | €26,903 | -€5,151 | -16.1% |
| Tangible fixed assets | 22/27 | €32,054 | €26,903 | -€5,151 | -16.1% |
| Plant, machinery and equipment | 23 | - | €1,987 | +€1,987 | |
| Furniture and vehicles | 24 | €32,054 | €24,916 | -€7,138 | -22.3% |
| Current assets | 29/58 | €4,042 | €8,908 | +€4,867 | +120% |
| Amounts receivable within one year | 40/41 | - | €7,570 | +€7,570 | |
| Trade receivables | 40 | - | €7,340 | +€7,340 | |
| Other amounts receivable | 41 | - | €230 | +€230 | |
| Cash at bank and in hand | 54/58 | €1,766 | €847 | -€919 | -52.1% |
| Deferred charges and accrued income | 490/1 | €2,275 | €491 | -€1,784 | -78.4% |
| Total equity and liabilities | 10/49 | €36,096 | €35,811 | -€285 | -0.8% |
| Equity | 10/15 | €388 | -€5,055 | -€5,443 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,612 | -€10,055 | -€5,443 | -118% |
| Amounts payable | 17/49 | €35,707 | €40,866 | +€5,158 | +14.4% |
| Amounts payable after more than one year | 17 | €13,586 | €7,214 | -€6,372 | -46.9% |
| Financial debts | 170/4 | €13,586 | €7,214 | -€6,372 | -46.9% |
| Amounts payable within one year | 42/48 | €22,122 | €33,652 | +€11,530 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €6,109 | €6,372 | +€263 | +4.3% |
| Trade debts | 44 | €1,607 | €475 | -€1,132 | -70.4% |
| Suppliers | 440/4 | €1,607 | €475 | -€1,132 | -70.4% |
| Taxes, remuneration and social security | 45 | €1,002 | €1,145 | +€143 | +14.3% |
| Taxes | 450/3 | €1,002 | €1,145 | +€143 | +14.3% |
| Other amounts payable | 47/48 | €13,404 | €25,660 | +€12,255 | +91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,638 | €8,052 | +€4,415 | +121% |
| Other operating charges | 640/8 | €1,226 | €1,403 | +€176 | +14.4% |
| Gross operating margin | 9900 | €1,158 | €5,856 | +€4,698 | +406% |
| Operating profit (loss) | 9901 | -€3,706 | -€3,599 | +€107 | +2.9% |
| Financial income | 75/76B | €11 | €35 | +€24 | +230% |
| Recurring financial income | 75 | €11 | €35 | +€24 | +230% |
| Financial charges | 65/66B | €767 | €883 | +€116 | +15.2% |
| Recurring financial charges | 65 | €767 | €883 | +€116 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,463 | -€4,447 | +€15 | +0.3% |
| Income taxes | 67/77 | €149 | €996 | +€847 | +567% |
| Profit (loss) for the period | 9904 | -€4,612 | -€5,443 | -€831 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,612 | -€5,443 | -€831 | -18.0% |
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 28 October 2026 via checked.be.