GOVERS C.: what changed
Two fiscal 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 C.
Largest movements
- Cash -€33,299
down €33,299 (-68.8%), from €48,418 to €15,119
mainly Trade debts (-€23,355) and Debts after one year (-€16,886)
- Receivables within one year +€15,860
up €15,860 (+52.0%), from €30,513 to €46,373
of which Other amounts receivable: +€17,399
- Tangible fixed assets -€10,719
down €10,719 (-4.2%), from €257,825 to €247,106
of which Land and buildings: -€11,802
- Trade debts -€23,355
down €23,355 (-55.1%), from €42,385 to €19,030
- Profit (loss) carried forward +€18,905
up €18,905 (+33.1%), from -€57,132 to -€38,228
- Debts after one year -€16,886
down €16,886 (-9.5%), from €178,471 to €161,586
of which Financial debts: -€16,886
- Tax, wage and social debts -€8,337
down €8,337 (-24.6%), from €33,831 to €25,495
of which Taxes: -€7,596
- Gross operating margin -€10,208
down €10,208 (-13.8%), from €73,726 to €63,517
- Taxes -€4,438
down €4,438 (-45.5%), from €9,753 to €5,314
- Financial income +€2,030
up €2,030 (+391.4%), from €519 to €2,549
- Write-downs +€1,759
no longer reported in 2024 (was -€1,759)
- Staff costs +€1,382
up €1,382 (+7.2%), from €19,252 to €20,634
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.
Cash bridge derived
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 | €437,466 | €409,840 | -€27,626 | -6.3% |
| Fixed assets | 21/28 | €336,813 | €326,095 | -€10,719 | -3.2% |
| Tangible fixed assets | 22/27 | €257,825 | €247,106 | -€10,719 | -4.2% |
| Land and buildings | 22 | €255,760 | €243,959 | -€11,802 | -4.6% |
| Plant, machinery and equipment | 23 | €1,910 | €3,147 | +€1,237 | +64.7% |
| Furniture and vehicles | 24 | €154 | - | -€154 | |
| Financial fixed assets | 28 | €78,989 | €78,989 | = | 0.0% |
| Current assets | 29/58 | €100,653 | €83,746 | -€16,908 | -16.8% |
| Stocks and contracts in progress | 3 | €20,954 | €22,254 | +€1,300 | +6.2% |
| Stocks | 30/36 | €20,954 | €22,254 | +€1,300 | +6.2% |
| Amounts receivable within one year | 40/41 | €30,513 | €46,373 | +€15,860 | +52.0% |
| Trade receivables | 40 | €3,883 | €2,344 | -€1,539 | -39.6% |
| Other amounts receivable | 41 | €26,631 | €44,029 | +€17,399 | +65.3% |
| Cash at bank and in hand | 54/58 | €48,418 | €15,119 | -€33,299 | -68.8% |
| Deferred charges and accrued income | 490/1 | €768 | - | -€768 | |
| Total equity and liabilities | 10/49 | €437,466 | €409,840 | -€27,626 | -6.3% |
| Equity | 10/15 | €156,009 | €174,914 | +€18,905 | +12.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €144,971 | €144,971 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,132 | -€38,228 | +€18,905 | +33.1% |
| Amounts payable | 17/49 | €281,457 | €234,926 | -€46,531 | -16.5% |
| Amounts payable after more than one year | 17 | €178,471 | €161,586 | -€16,886 | -9.5% |
| Financial debts | 170/4 | €73,271 | €56,385 | -€16,886 | -23.0% |
| Other amounts payable | 178/9 | €105,200 | €105,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,986 | €73,341 | -€29,645 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €16,263 | €16,886 | +€623 | +3.8% |
| Trade debts | 44 | €42,385 | €19,030 | -€23,355 | -55.1% |
| Suppliers | 440/4 | €42,385 | €19,030 | -€23,355 | -55.1% |
| Taxes, remuneration and social security | 45 | €33,831 | €25,495 | -€8,337 | -24.6% |
| Taxes | 450/3 | €29,180 | €21,584 | -€7,596 | -26.0% |
| Remuneration and social security | 454/9 | €4,651 | €3,910 | -€741 | -15.9% |
| Other amounts payable | 47/48 | €10,507 | €11,930 | +€1,423 | +13.5% |
| Remuneration, social security and pensions | 62 | €19,252 | €20,634 | +€1,382 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,876 | €13,223 | +€347 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,759 | - | +€1,759 | |
| Other operating charges | 640/8 | €2,018 | €2,490 | +€471 | +23.4% |
| Gross operating margin | 9900 | €73,726 | €63,517 | -€10,208 | -13.8% |
| Operating profit (loss) | 9901 | €41,338 | €27,171 | -€14,167 | -34.3% |
| Financial income | 75/76B | €519 | €2,549 | +€2,030 | +391.4% |
| Recurring financial income | 75 | €519 | €2,549 | +€2,030 | +391.4% |
| Financial charges | 65/66B | €5,343 | €5,501 | +€158 | +2.9% |
| Recurring financial charges | 65 | €5,343 | €5,501 | +€158 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €36,513 | €24,219 | -€12,294 | -33.7% |
| Income taxes | 67/77 | €9,753 | €5,314 | -€4,438 | -45.5% |
| Profit (loss) for the period | 9904 | €26,761 | €18,905 | -€7,856 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,761 | €18,905 | -€7,856 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.