GOVER: 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.
GOVER
Largest movements
- Receivables after one year +€39,750
new in 2025: €39,750
- Tangible fixed assets -€15,113
down €15,113 (-100%), from €15,113 to €0
of which Plant, machinery and equipment: -€9,178
- Stocks and contracts -€10,067
down €10,067 (-100%), from €10,067 to €0
- Receivables within one year +€9,423
up €9,423 (+25,454%), from €37 to €9,460
of which Other amounts receivable: +€8,963
- Cash -€4,446
down €4,446 (-100%), from €4,446 to €0
mainly Receivables after one year (-€39,750) and Receivables within one year (-€9,423)
- Other debts +€23,508
up €23,508 (+149,545%), from €16 to €23,524
- Short-term financial debts -€7,500
down €7,500 (-71.2%), from €10,526 to €3,026
- Profit (loss) carried forward +€5,502
up €5,502, from -€5,502 to €0
- Trade debts -€3,620
down €3,620 (-82.8%), from €4,371 to €751
- Reserves +€3,029
new in 2025: €3,029
- Depreciation -€4,342
down €4,342 (-100%), from €4,342 to €0
- Gross operating margin +€3,679
up €3,679 (+52.6%), from €7,001 to €10,680
- Staff costs -€1,068
down €1,068 (-100%), from €1,068 to €0
- Financial charges +€611
up €611 (+44.8%), from €1,363 to €1,975
- Other operating charges -€193
down €193 (-26.7%), from €720 to €528
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 | €31,927 | €49,952 | +€18,026 | +56.5% |
| Fixed assets | 21/28 | €15,113 | €0 | -€15,113 | -100% |
| Tangible fixed assets | 22/27 | €15,113 | €0 | -€15,113 | -100% |
| Plant, machinery and equipment | 23 | €9,178 | €0 | -€9,178 | -100% |
| Furniture and vehicles | 24 | €292 | €0 | -€292 | -100% |
| Other tangible fixed assets | 26 | €5,643 | €0 | -€5,643 | -100% |
| Current assets | 29/58 | €16,814 | €49,952 | +€33,139 | +197% |
| Amounts receivable after more than one year | 29 | - | €39,750 | +€39,750 | |
| Other amounts receivable | 291 | - | €39,750 | +€39,750 | |
| Stocks and contracts in progress | 3 | €10,067 | €0 | -€10,067 | -100% |
| Stocks | 30/36 | €10,067 | €0 | -€10,067 | -100% |
| Amounts receivable within one year | 40/41 | €37 | €9,460 | +€9,423 | +25,454% |
| Trade receivables | 40 | €0 | €460 | +€460 | |
| Other amounts receivable | 41 | €37 | €9,000 | +€8,963 | +24,211% |
| Cash at bank and in hand | 54/58 | €4,446 | €0 | -€4,446 | -100% |
| Deferred charges and accrued income | 490/1 | €2,264 | €742 | -€1,522 | -67.2% |
| Total equity and liabilities | 10/49 | €31,927 | €49,952 | +€18,026 | +56.5% |
| Equity | 10/15 | €13,498 | €22,029 | +€8,531 | +63.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | - | €3,029 | +€3,029 | |
| Distributable reserves | 133 | - | €3,029 | +€3,029 | |
| Profit (loss) carried forward | 14 | -€5,502 | €0 | +€5,502 | |
| Amounts payable | 17/49 | €18,429 | €27,924 | +€9,495 | +51.5% |
| Amounts payable within one year | 42/48 | €18,254 | €27,866 | +€9,612 | +52.7% |
| Financial debts | 43 | €10,526 | €3,026 | -€7,500 | -71.2% |
| Credit institutions | 430/8 | €10,526 | €3,026 | -€7,500 | -71.2% |
| Trade debts | 44 | €4,371 | €751 | -€3,620 | -82.8% |
| Suppliers | 440/4 | €4,371 | €751 | -€3,620 | -82.8% |
| Taxes, remuneration and social security | 45 | €3,341 | €564 | -€2,777 | -83.1% |
| Taxes | 450/3 | €3,341 | €564 | -€2,777 | -83.1% |
| Other amounts payable | 47/48 | €16 | €23,524 | +€23,508 | +149,545% |
| Accrued charges and deferred income | 492/3 | €175 | €58 | -€117 | -66.8% |
| Non-recurring operating income | 76A | - | €38,887 | +€38,887 | |
| Remuneration, social security and pensions | 62 | €1,068 | €0 | -€1,068 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,342 | €0 | -€4,342 | -100% |
| Other operating charges | 640/8 | €720 | €528 | -€193 | -26.7% |
| Gross operating margin | 9900 | €7,001 | €10,680 | +€3,679 | +52.6% |
| Operating profit (loss) | 9901 | €870 | €10,152 | +€9,282 | +1,067% |
| Financial income | 75/76B | €303 | €354 | +€51 | +16.8% |
| Recurring financial income | 75 | €303 | €354 | +€51 | +16.8% |
| Financial charges | 65/66B | €1,363 | €1,975 | +€611 | +44.8% |
| Recurring financial charges | 65 | €1,363 | €1,975 | +€611 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | -€191 | €8,531 | +€8,722 | |
| Profit (loss) for the period | 9904 | -€191 | €8,531 | +€8,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€191 | €8,531 | +€8,722 |
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 15 October 2026 via checked.be.