Govers: 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.
Govers
Largest movements
- Cash +€89,349
up €89,349 (+35.2%), from €253,575 to €342,925
mainly Net result for the year (+€225,417) and Current investments (+€80,509)
- Current investments -€80,509
no longer reported in 2024 (was €80,509)
- Receivables within one year +€78,267
up €78,267 (+21.2%), from €368,500 to €446,767
of which Trade receivables: +€62,715
- Stocks and contracts +€71,979
up €71,979 (+22.9%), from €314,620 to €386,599
- Tangible fixed assets -€46,493
down €46,493 (-17.3%), from €268,495 to €222,001
of which Plant, machinery and equipment: -€42,687
- Reserves +€225,417
up €225,417 (+42.2%), from €534,650 to €760,067
of which Distributable reserves: +€225,417
- Other debts -€111,629
down €111,629 (-33.8%), from €330,708 to €219,078
- Trade debts +€34,301
up €34,301 (+10.6%), from €322,852 to €357,153
- Current portion of long-term debt -€14,182
down €14,182 (-54.0%), from €26,285 to €12,103
- Gross operating margin -€150,125
down €150,125 (-24.1%), from €621,695 to €471,570
- Taxes -€59,830
down €59,830 (-46.3%), from €129,182 to €69,352
- Staff costs -€23,689
down €23,689 (-16.3%), from €145,101 to €121,413
- Depreciation +€6,264
up €6,264 (+13.6%), from €46,043 to €52,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,285,698 | €1,398,291 | +€112,593 | +8.8% |
| Fixed assets | 21/28 | €268,495 | €222,001 | -€46,493 | -17.3% |
| Tangible fixed assets | 22/27 | €268,495 | €222,001 | -€46,493 | -17.3% |
| Land and buildings | 22 | €16,095 | €12,444 | -€3,651 | -22.7% |
| Plant, machinery and equipment | 23 | €251,763 | €209,076 | -€42,687 | -17.0% |
| Furniture and vehicles | 24 | €637 | €482 | -€155 | -24.3% |
| Current assets | 29/58 | €1,017,204 | €1,176,290 | +€159,086 | +15.6% |
| Stocks and contracts in progress | 3 | €314,620 | €386,599 | +€71,979 | +22.9% |
| Stocks | 30/36 | €314,620 | €386,599 | +€71,979 | +22.9% |
| Amounts receivable within one year | 40/41 | €368,500 | €446,767 | +€78,267 | +21.2% |
| Trade receivables | 40 | €365,895 | €428,610 | +€62,715 | +17.1% |
| Other amounts receivable | 41 | €2,605 | €18,157 | +€15,552 | +597% |
| Current investments | 50/53 | €80,509 | - | -€80,509 | |
| Cash at bank and in hand | 54/58 | €253,575 | €342,925 | +€89,349 | +35.2% |
| Total equity and liabilities | 10/49 | €1,285,698 | €1,398,291 | +€112,593 | +8.8% |
| Equity | 10/15 | €553,250 | €778,667 | +€225,417 | +40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €534,650 | €760,067 | +€225,417 | +42.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €532,790 | €758,207 | +€225,417 | +42.3% |
| Amounts payable | 17/49 | €732,449 | €619,624 | -€112,824 | -15.4% |
| Amounts payable after more than one year | 17 | €12,103 | - | -€12,103 | |
| Financial debts | 170/4 | €12,103 | - | -€12,103 | |
| Amounts payable within one year | 42/48 | €720,346 | €619,624 | -€100,721 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €26,285 | €12,103 | -€14,182 | -54.0% |
| Trade debts | 44 | €322,852 | €357,153 | +€34,301 | +10.6% |
| Suppliers | 440/4 | €322,852 | €357,153 | +€34,301 | +10.6% |
| Taxes, remuneration and social security | 45 | €40,501 | €31,290 | -€9,211 | -22.7% |
| Taxes | 450/3 | €23,740 | €12,635 | -€11,105 | -46.8% |
| Remuneration and social security | 454/9 | €16,761 | €18,655 | +€1,894 | +11.3% |
| Other amounts payable | 47/48 | €330,708 | €219,078 | -€111,629 | -33.8% |
| Remuneration, social security and pensions | 62 | €145,101 | €121,413 | -€23,689 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,043 | €52,307 | +€6,264 | +13.6% |
| Other operating charges | 640/8 | €1,982 | €1,932 | -€50 | -2.5% |
| Gross operating margin | 9900 | €621,695 | €471,570 | -€150,125 | -24.1% |
| Operating profit (loss) | 9901 | €428,568 | €295,918 | -€132,650 | -31.0% |
| Financial income | 75/76B | €8 | €15 | +€7 | +87.8% |
| Recurring financial income | 75 | €8 | €15 | +€7 | +87.8% |
| Financial charges | 65/66B | €2,023 | €1,163 | -€859 | -42.5% |
| Recurring financial charges | 65 | €2,023 | €1,163 | -€859 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €426,553 | €294,770 | -€131,784 | -30.9% |
| Income taxes | 67/77 | €129,182 | €69,352 | -€59,830 | -46.3% |
| Profit (loss) for the period | 9904 | €297,371 | €225,417 | -€71,954 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €297,371 | €225,417 | -€71,954 | -24.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.