GOVERNEO: 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.
GOVERNEO
Largest movements
- Cash -€3,961
down €3,961 (-23.6%), from €16,782 to €12,821
mainly Net result for the year (-€6,222) and Trade debts (-€233)
- Intangible fixed assets -€1,746
down €1,746 (-100%), from €1,746 to €0
- Receivables within one year -€760
down €760 (-100%), from €760 to €0
of which Other amounts receivable: -€760
- Profit (loss) carried forward -€6,222
down €6,222 (-14.2%), from -€43,712 to -€49,934
- Trade debts -€233
down €233 (-46.6%), from €500 to €267
- Depreciation -€2,933
down €2,933 (-62.2%), from €4,713 to €1,780
- Other operating charges -€163
down €163 (-19.7%), from €829 to €665
- Financial charges +€119
up €119 (+63.4%), from €188 to €307
- Taxes -€46
down €46 (-100%), from €46 to €0
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 | €19,586 | €13,085 | -€6,501 | -33.2% |
| Fixed assets | 21/28 | €1,780 | €0 | -€1,780 | -100% |
| Intangible fixed assets | 21 | €1,746 | €0 | -€1,746 | -100% |
| Tangible fixed assets | 22/27 | €34 | €0 | -€34 | -100% |
| Furniture and vehicles | 24 | €34 | €0 | -€34 | -100% |
| Current assets | 29/58 | €17,806 | €13,085 | -€4,721 | -26.5% |
| Amounts receivable within one year | 40/41 | €760 | €0 | -€760 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €760 | €0 | -€760 | -100% |
| Cash at bank and in hand | 54/58 | €16,782 | €12,821 | -€3,961 | -23.6% |
| Deferred charges and accrued income | 490/1 | €263 | €263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €19,586 | €13,085 | -€6,501 | -33.2% |
| Equity | 10/15 | -€23,712 | -€29,934 | -€6,222 | -26.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,712 | -€49,934 | -€6,222 | -14.2% |
| Amounts payable | 17/49 | €43,298 | €43,019 | -€279 | -0.6% |
| Amounts payable after more than one year | 17 | €42,752 | €42,752 | = | 0.0% |
| Other amounts payable | 178/9 | €42,752 | €42,752 | = | 0.0% |
| Amounts payable within one year | 42/48 | €546 | €267 | -€279 | -51.1% |
| Trade debts | 44 | €500 | €267 | -€233 | -46.6% |
| Suppliers | 440/4 | €500 | €267 | -€233 | -46.6% |
| Taxes, remuneration and social security | 45 | €46 | €0 | -€46 | -100% |
| Taxes | 450/3 | €46 | €0 | -€46 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,710 | €0 | -€7,710 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,713 | €1,780 | -€2,933 | -62.2% |
| Other operating charges | 640/8 | €829 | €665 | -€163 | -19.7% |
| Gross operating margin | 9900 | -€3,480 | -€3,469 | +€11 | +0.3% |
| Operating profit (loss) | 9901 | -€9,022 | -€5,915 | +€3,107 | +34.4% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €188 | €307 | +€119 | +63.4% |
| Recurring financial charges | 65 | €188 | €307 | +€119 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,205 | -€6,222 | +€2,983 | +32.4% |
| Income taxes | 67/77 | €46 | €0 | -€46 | -100% |
| Profit (loss) for the period | 9904 | -€9,251 | -€6,222 | +€3,029 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,251 | -€6,222 | +€3,029 | +32.7% |
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 21 October 2026 via checked.be.