GOVEST: 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.
GOVEST
Largest movements
- Financial fixed assets -€721,106
no longer reported in 2025 (was €721,106)
- Receivables after one year +€597,573
new in 2025: €597,573
- Stocks and contracts +€282,507
new in 2025: €282,507
- Receivables within one year +€9,718
new in 2025: €9,718
- Debts after one year +€151,839
up €151,839, from €0 to €151,839
- Trade debts +€93,732
up €93,732, from €0 to €93,732
- Other debts -€41,054
no longer reported in 2025 (was €41,054)
- Profit (loss) carried forward -€30,364
down €30,364 (-5.0%), from €612,597 to €582,234
- Gross operating margin -€37,291
down €37,291 (-1035.7%), from -€3,600 to -€40,892
- Other operating charges +€2,778
up €2,778 (+549.8%), from €505 to €3,284
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.
Cash bridge derived
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 | €721,301 | €895,455 | +€174,154 | +24.1% |
| Fixed assets | 21/28 | €721,106 | - | -€721,106 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €721,106 | - | -€721,106 | |
| Current assets | 29/58 | €195 | €895,455 | +€895,259 | +458355.2% |
| Amounts receivable after more than one year | 29 | - | €597,573 | +€597,573 | |
| Other amounts receivable | 291 | - | €597,573 | +€597,573 | |
| Stocks and contracts in progress | 3 | - | €282,507 | +€282,507 | |
| Stocks | 30/36 | - | €282,507 | +€282,507 | |
| Amounts receivable within one year | 40/41 | - | €9,718 | +€9,718 | |
| Other amounts receivable | 41 | - | €9,718 | +€9,718 | |
| Cash at bank and in hand | 54/58 | €37 | €5,485 | +€5,448 | +14699.2% |
| Deferred charges and accrued income | 490/1 | €158 | €173 | +€14 | +9.0% |
| Total equity and liabilities | 10/49 | €721,301 | €895,455 | +€174,154 | +24.1% |
| Equity | 10/15 | €680,247 | €649,884 | -€30,364 | -4.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €612,597 | €582,234 | -€30,364 | -5.0% |
| Amounts payable | 17/49 | €41,054 | €245,571 | +€204,517 | +498.2% |
| Amounts payable after more than one year | 17 | €0 | €151,839 | +€151,839 | |
| Financial debts | 170/4 | €0 | €151,839 | +€151,839 | |
| Amounts payable within one year | 42/48 | €41,054 | €93,732 | +€52,678 | +128.3% |
| Trade debts | 44 | €0 | €93,732 | +€93,732 | |
| Suppliers | 440/4 | €0 | €93,732 | +€93,732 | |
| Other amounts payable | 47/48 | €41,054 | - | -€41,054 | |
| Other operating charges | 640/8 | €505 | €3,284 | +€2,778 | +549.8% |
| Gross operating margin | 9900 | -€3,600 | -€40,892 | -€37,291 | -1035.7% |
| Operating profit (loss) | 9901 | -€4,106 | -€44,175 | -€40,070 | -975.9% |
| Financial income | 75/76B | €14,225 | €13,992 | -€233 | -1.6% |
| Recurring financial income | 75 | €14,225 | €13,992 | -€233 | -1.6% |
| Financial charges | 65/66B | €187 | €180 | -€7 | -3.5% |
| Recurring financial charges | 65 | €187 | €180 | -€7 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | -€30,364 | -€40,296 | |
| Profit (loss) for the period | 9904 | €9,932 | -€30,364 | -€40,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,932 | -€30,364 | -€40,296 |
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 11 October 2026 via checked.be.