GOVI: 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.
GOVI
Largest movements
- Current investments +€168,566
up €168,566 (+68.8%), from €245,033 to €413,599
- Cash -€125,605
down €125,605 (-54.1%), from €232,264 to €106,659
mainly Current investments (-€168,566) and Contributions, distributions and other (-€163,666)
- Tangible fixed assets +€47,875
up €47,875 (+23.9%), from €200,027 to €247,901
of which Furniture and vehicles: +€61,181
- Receivables within one year -€34,189
down €34,189 (-71.5%), from €47,824 to €13,635
of which Other amounts receivable: -€27,726
- Contributions -€162,000
down €162,000 (-85.4%), from €189,684 to €27,684
- Other debts +€118,394
up €118,394, from €0 to €118,394
- Reserves +€84,925
up €84,925 (+30.2%), from €281,507 to €366,431
of which Distributable reserves: +€84,925
- Tax, wage and social debts +€29,745
up €29,745 (+34.1%), from €87,297 to €117,042
of which Taxes: +€23,535
- Debts after one year -€15,206
down €15,206 (-39.5%), from €38,513 to €23,308
- Staff costs +€69,223
up €69,223 (+38.0%), from €182,025 to €251,249
- Gross operating margin +€47,216
up €47,216 (+12.2%), from €387,925 to €435,141
- Depreciation -€10,869
down €10,869 (-21.4%), from €50,782 to €39,913
- Taxes -€6,905
down €6,905 (-14.1%), from €48,955 to €42,050
- Financial income +€6,513
up €6,513 (+298.9%), from €2,179 to €8,692
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 | €729,246 | €790,204 | +€60,958 | +8.4% |
| Fixed assets | 21/28 | €200,405 | €248,279 | +€47,875 | +23.9% |
| Tangible fixed assets | 22/27 | €200,027 | €247,901 | +€47,875 | +23.9% |
| Land and buildings | 22 | €35,499 | €23,085 | -€12,413 | -35.0% |
| Plant, machinery and equipment | 23 | €19,986 | €29,089 | +€9,103 | +45.5% |
| Furniture and vehicles | 24 | €54,631 | €115,812 | +€61,181 | +112.0% |
| Other tangible fixed assets | 26 | €89,911 | €79,915 | -€9,996 | -11.1% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €528,841 | €541,924 | +€13,083 | +2.5% |
| Stocks and contracts in progress | 3 | €3,052 | €2,948 | -€104 | -3.4% |
| Stocks | 30/36 | €3,052 | €2,948 | -€104 | -3.4% |
| Amounts receivable within one year | 40/41 | €47,824 | €13,635 | -€34,189 | -71.5% |
| Trade receivables | 40 | €20,098 | €13,635 | -€6,463 | -32.2% |
| Other amounts receivable | 41 | €27,726 | €0 | -€27,726 | -100.0% |
| Current investments | 50/53 | €245,033 | €413,599 | +€168,566 | +68.8% |
| Cash at bank and in hand | 54/58 | €232,264 | €106,659 | -€125,605 | -54.1% |
| Deferred charges and accrued income | 490/1 | €669 | €5,083 | +€4,415 | +660.2% |
| Total equity and liabilities | 10/49 | €729,246 | €790,204 | +€60,958 | +8.4% |
| Equity | 10/15 | €471,191 | €394,116 | -€77,075 | -16.4% |
| Contributions | 10/11 | €189,684 | €27,684 | -€162,000 | -85.4% |
| Reserves | 13 | €281,507 | €366,431 | +€84,925 | +30.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €30,549 | €30,549 | = | 0.0% |
| Distributable reserves | 133 | €250,958 | €335,883 | +€84,925 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €258,054 | €396,088 | +€138,033 | +53.5% |
| Amounts payable after more than one year | 17 | €38,513 | €23,308 | -€15,206 | -39.5% |
| Financial debts | 170/4 | €38,513 | €23,308 | -€15,206 | -39.5% |
| Amounts payable within one year | 42/48 | €219,406 | €369,767 | +€150,361 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €26,906 | €35,161 | +€8,255 | +30.7% |
| Trade debts | 44 | €26,177 | €20,009 | -€6,169 | -23.6% |
| Suppliers | 440/4 | €26,177 | €20,009 | -€6,169 | -23.6% |
| Advances received on contracts in progress | 46 | €79,025 | €79,161 | +€136 | +0.2% |
| Taxes, remuneration and social security | 45 | €87,297 | €117,042 | +€29,745 | +34.1% |
| Taxes | 450/3 | €66,259 | €89,794 | +€23,535 | +35.5% |
| Remuneration and social security | 454/9 | €21,038 | €27,248 | +€6,209 | +29.5% |
| Other amounts payable | 47/48 | €0 | €118,394 | +€118,394 | |
| Accrued charges and deferred income | 492/3 | €135 | €3,013 | +€2,878 | +2126.4% |
| Remuneration, social security and pensions | 62 | €182,025 | €251,249 | +€69,223 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,782 | €39,913 | -€10,869 | -21.4% |
| Other operating charges | 640/8 | €3,960 | €4,045 | +€85 | +2.2% |
| Non-recurring operating charges | 66A | €2,226 | €13,188 | +€10,962 | +492.3% |
| Gross operating margin | 9900 | €387,925 | €435,141 | +€47,216 | +12.2% |
| Operating profit (loss) | 9901 | €148,932 | €126,746 | -€22,185 | -14.9% |
| Financial income | 75/76B | €2,179 | €8,692 | +€6,513 | +298.9% |
| Recurring financial income | 75 | €2,179 | €8,692 | +€6,513 | +298.9% |
| Financial charges | 65/66B | €4,153 | €6,798 | +€2,645 | +63.7% |
| Recurring financial charges | 65 | €4,153 | €6,798 | +€2,645 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €146,958 | €128,640 | -€18,317 | -12.5% |
| Income taxes | 67/77 | €48,955 | €42,050 | -€6,905 | -14.1% |
| Profit (loss) for the period | 9904 | €98,003 | €86,591 | -€11,412 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,003 | €86,591 | -€11,412 | -11.6% |
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 10 October 2026 via checked.be.