GOVERN-IT: 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.
GOVERN-IT
Largest movements
- Receivables within one year -€29,465
down €29,465 (-84.1%), from €35,035 to €5,569
of which Other amounts receivable: -€29,465
- Current investments -€28,057
down €28,057 (-2.1%), from €1.3m to €1.3m
- Cash -€24,851
down €24,851 (-29.2%), from €85,024 to €60,174
mainly Other debts (-€96,991) and Investment in fixed assets (net) (-€3,892)
- Other debts -€96,991
down €96,991 (-85.7%), from €113,235 to €16,244
- Gross operating margin -€181,528
down €181,528, from €177,295 to -€4,233
- Taxes -€43,660
down €43,660 (-89.0%), from €49,080 to €5,420
- Financial income +€9,651
up €9,651 (+40.4%), from €23,910 to €33,562
- Financial charges -€2,946
down €2,946 (-37.7%), from €7,824 to €4,878
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 | €1,487,151 | €1,404,594 | -€82,557 | -5.6% |
| Fixed assets | 21/28 | €10,061 | €10,559 | +€498 | +5.0% |
| Tangible fixed assets | 22/27 | €10,061 | €10,559 | +€498 | +5.0% |
| Plant, machinery and equipment | 23 | €1,667 | €1,320 | -€348 | -20.9% |
| Furniture and vehicles | 24 | €662 | €3,558 | +€2,897 | +438% |
| Other tangible fixed assets | 26 | €7,732 | €5,681 | -€2,051 | -26.5% |
| Current assets | 29/58 | €1,477,090 | €1,394,035 | -€83,055 | -5.6% |
| Amounts receivable within one year | 40/41 | €35,035 | €5,569 | -€29,465 | -84.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €35,035 | €5,569 | -€29,465 | -84.1% |
| Current investments | 50/53 | €1,346,061 | €1,318,004 | -€28,057 | -2.1% |
| Cash at bank and in hand | 54/58 | €85,024 | €60,174 | -€24,851 | -29.2% |
| Deferred charges and accrued income | 490/1 | €10,971 | €10,288 | -€682 | -6.2% |
| Total equity and liabilities | 10/49 | €1,487,151 | €1,404,594 | -€82,557 | -5.6% |
| Equity | 10/15 | €1,369,712 | €1,384,243 | +€14,531 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,363,512 | €1,378,043 | +€14,531 | +1.1% |
| Distributable reserves | 133 | €1,363,512 | €1,378,043 | +€14,531 | +1.1% |
| Amounts payable | 17/49 | €117,439 | €20,351 | -€97,088 | -82.7% |
| Amounts payable within one year | 42/48 | €117,439 | €19,102 | -€98,337 | -83.7% |
| Trade debts | 44 | €4,204 | €1,533 | -€2,671 | -63.5% |
| Suppliers | 440/4 | €4,204 | €1,533 | -€2,671 | -63.5% |
| Taxes, remuneration and social security | 45 | €0 | €1,325 | +€1,325 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €1,325 | +€1,325 | |
| Other amounts payable | 47/48 | €113,235 | €16,244 | -€96,991 | -85.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,248 | +€1,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,330 | €3,394 | +€1,064 | +45.7% |
| Other operating charges | 640/8 | €1,980 | €1,106 | -€875 | -44.2% |
| Gross operating margin | 9900 | €177,295 | -€4,233 | -€181,528 | |
| Operating profit (loss) | 9901 | €172,985 | -€8,733 | -€181,718 | |
| Financial income | 75/76B | €23,910 | €33,562 | +€9,651 | +40.4% |
| Recurring financial income | 75 | €23,910 | €33,562 | +€9,651 | +40.4% |
| Financial charges | 65/66B | €7,824 | €4,878 | -€2,946 | -37.7% |
| Recurring financial charges | 65 | €7,824 | €4,878 | -€2,946 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €189,071 | €19,951 | -€169,121 | -89.4% |
| Income taxes | 67/77 | €49,080 | €5,420 | -€43,660 | -89.0% |
| Profit (loss) for the period | 9904 | €139,991 | €14,531 | -€125,460 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,991 | €14,531 | -€125,460 | -89.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.