GOVERIS: 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.
GOVERIS
Largest movements
- Cash +€64,439
up €64,439 (+26.1%), from €246,589 to €311,028
mainly Other debts (+€125,170) and Net result for the year (+€51,959)
- Receivables within one year -€9,841
down €9,841 (-29.1%), from €33,834 to €23,994
of which Trade receivables: -€8,500
- Tangible fixed assets -€7,446
down €7,446 (-25.7%), from €28,924 to €21,479
- Deferred charges and accrued income -€6,228
down €6,228 (-56.6%), from €11,012 to €4,784
- Other debts +€125,170
up €125,170 (+254%), from €49,204 to €174,374
- Reserves -€93,500
down €93,500 (-38.6%), from €242,000 to €148,500
- Accrued charges and deferred income +€4,465
up €4,465 (+303%), from €1,472 to €5,937
- Gross operating margin +€14,354
up €14,354 (+19.9%), from €72,024 to €86,378
- Taxes +€4,133
up €4,133 (+20.7%), from €19,999 to €24,132
- Depreciation -€1,523
down €1,523 (-13.1%), from €11,649 to €10,126
- Financial income -€908
down €908 (-32.2%), from €2,818 to €1,909
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 | €320,360 | €361,285 | +€40,925 | +12.8% |
| Fixed assets | 21/28 | €28,924 | €21,479 | -€7,446 | -25.7% |
| Tangible fixed assets | 22/27 | €28,924 | €21,479 | -€7,446 | -25.7% |
| Furniture and vehicles | 24 | €28,924 | €21,479 | -€7,446 | -25.7% |
| Current assets | 29/58 | €291,436 | €339,806 | +€48,370 | +16.6% |
| Amounts receivable within one year | 40/41 | €33,834 | €23,994 | -€9,841 | -29.1% |
| Trade receivables | 40 | €31,050 | €22,550 | -€8,500 | -27.4% |
| Other amounts receivable | 41 | €2,784 | €1,444 | -€1,341 | -48.1% |
| Cash at bank and in hand | 54/58 | €246,589 | €311,028 | +€64,439 | +26.1% |
| Deferred charges and accrued income | 490/1 | €11,012 | €4,784 | -€6,228 | -56.6% |
| Total equity and liabilities | 10/49 | €320,360 | €361,285 | +€40,925 | +12.8% |
| Equity | 10/15 | €266,502 | €174,960 | -€91,541 | -34.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €242,000 | €148,500 | -€93,500 | -38.6% |
| Distributable reserves | 133 | €242,000 | €148,500 | -€93,500 | -38.6% |
| Profit (loss) carried forward | 14 | €4,042 | €6,000 | +€1,959 | +48.5% |
| Amounts payable | 17/49 | €53,858 | €186,324 | +€132,466 | +246% |
| Amounts payable within one year | 42/48 | €52,386 | €180,387 | +€128,001 | +244% |
| Trade debts | 44 | €2,861 | €2,102 | -€758 | -26.5% |
| Suppliers | 440/4 | €2,861 | €2,102 | -€758 | -26.5% |
| Taxes, remuneration and social security | 45 | €322 | €3,911 | +€3,589 | +1,116% |
| Taxes | 450/3 | €322 | €3,911 | +€3,589 | +1,116% |
| Other amounts payable | 47/48 | €49,204 | €174,374 | +€125,170 | +254% |
| Accrued charges and deferred income | 492/3 | €1,472 | €5,937 | +€4,465 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,649 | €10,126 | -€1,523 | -13.1% |
| Other operating charges | 640/8 | €1,021 | €765 | -€256 | -25.1% |
| Gross operating margin | 9900 | €72,024 | €86,378 | +€14,354 | +19.9% |
| Operating profit (loss) | 9901 | €59,354 | €75,488 | +€16,134 | +27.2% |
| Financial income | 75/76B | €2,818 | €1,909 | -€908 | -32.2% |
| Recurring financial income | 75 | €2,818 | €1,909 | -€908 | -32.2% |
| Financial charges | 65/66B | €2,032 | €1,306 | -€725 | -35.7% |
| Recurring financial charges | 65 | €2,032 | €1,306 | -€725 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €60,140 | €76,091 | +€15,951 | +26.5% |
| Income taxes | 67/77 | €19,999 | €24,132 | +€4,133 | +20.7% |
| Profit (loss) for the period | 9904 | €40,141 | €51,959 | +€11,818 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,141 | €51,959 | +€11,818 | +29.4% |
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 27 October 2026 via checked.be.