GOVIMMO: 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.
GOVIMMO
Largest movements
- Cash -€150,474
down €150,474 (-99.9%), from €150,573 to €99
mainly Net result for the year (-€78,688) and Trade debts (-€76,982)
- Receivables within one year +€54,249
up €54,249 (+13.3%), from €408,705 to €462,954
of which Other amounts receivable: +€59,626
- Tangible fixed assets -€14,601
down €14,601 (-58.4%), from €24,990 to €10,389
of which Furniture and vehicles: -€11,835
- Reserves -€78,688
down €78,688 (-83.8%), from €93,924 to €15,236
- Trade debts -€76,982
down €76,982 (-82.4%), from €93,482 to €16,499
- Tax, wage and social debts +€34,437
up €34,437 (+62.3%), from €55,310 to €89,747
of which Remuneration and social security: +€31,309
- Other debts +€18,951
up €18,951 (+5.9%), from €323,709 to €342,660
- Current portion of long-term debt -€9,294
down €9,294 (-100%), from €9,294 to €0
- Gross operating margin -€81,974
down €81,974, from €74,191 to -€7,782
- Staff costs -€17,956
down €17,956 (-24.3%), from €73,826 to €55,869
- Depreciation +€1,493
up €1,493 (+11.4%), from €13,107 to €14,601
- Financial income -€1,136
down €1,136 (-38.3%), from €2,968 to €1,832
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 | €588,118 | €476,542 | -€111,576 | -19.0% |
| Fixed assets | 21/28 | €28,090 | €13,489 | -€14,601 | -52.0% |
| Tangible fixed assets | 22/27 | €24,990 | €10,389 | -€14,601 | -58.4% |
| Plant, machinery and equipment | 23 | €12,934 | €10,168 | -€2,765 | -21.4% |
| Furniture and vehicles | 24 | €12,057 | €221 | -€11,835 | -98.2% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €560,027 | €463,052 | -€96,975 | -17.3% |
| Amounts receivable within one year | 40/41 | €408,705 | €462,954 | +€54,249 | +13.3% |
| Trade receivables | 40 | €201,346 | €195,969 | -€5,377 | -2.7% |
| Other amounts receivable | 41 | €207,359 | €266,984 | +€59,626 | +28.8% |
| Cash at bank and in hand | 54/58 | €150,573 | €99 | -€150,474 | -99.9% |
| Deferred charges and accrued income | 490/1 | €750 | €0 | -€750 | -100% |
| Total equity and liabilities | 10/49 | €588,118 | €476,542 | -€111,576 | -19.0% |
| Equity | 10/15 | €106,324 | €27,636 | -€78,688 | -74.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €93,924 | €15,236 | -€78,688 | -83.8% |
| Distributable reserves | 133 | €93,924 | €15,236 | -€78,688 | -83.8% |
| Amounts payable | 17/49 | €481,794 | €448,906 | -€32,888 | -6.8% |
| Amounts payable within one year | 42/48 | €481,794 | €448,906 | -€32,888 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €9,294 | €0 | -€9,294 | -100% |
| Trade debts | 44 | €93,482 | €16,499 | -€76,982 | -82.4% |
| Suppliers | 440/4 | €93,482 | €16,499 | -€76,982 | -82.4% |
| Taxes, remuneration and social security | 45 | €55,310 | €89,747 | +€34,437 | +62.3% |
| Taxes | 450/3 | €11,690 | €14,818 | +€3,128 | +26.8% |
| Remuneration and social security | 454/9 | €43,620 | €74,928 | +€31,309 | +71.8% |
| Other amounts payable | 47/48 | €323,709 | €342,660 | +€18,951 | +5.9% |
| Remuneration, social security and pensions | 62 | €73,826 | €55,869 | -€17,956 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,107 | €14,601 | +€1,493 | +11.4% |
| Other operating charges | 640/8 | €898 | €642 | -€256 | -28.5% |
| Gross operating margin | 9900 | €74,191 | -€7,782 | -€81,974 | |
| Operating profit (loss) | 9901 | -€13,639 | -€78,894 | -€65,255 | -478% |
| Financial income | 75/76B | €2,968 | €1,832 | -€1,136 | -38.3% |
| Recurring financial income | 75 | €2,968 | €1,832 | -€1,136 | -38.3% |
| Financial charges | 65/66B | €1,910 | €1,450 | -€460 | -24.1% |
| Recurring financial charges | 65 | €1,910 | €1,450 | -€460 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,581 | -€78,513 | -€65,932 | -524% |
| Income taxes | 67/77 | €184 | €175 | -€9 | -5.0% |
| Profit (loss) for the period | 9904 | -€12,765 | -€78,688 | -€65,922 | -516% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,765 | -€78,688 | -€65,922 | -516% |
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 24 October 2026 via checked.be.