GOVIMMO: 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.
GOVIMMO
Largest movements
- Tangible fixed assets -€106,266
down €106,266 (-5.0%), from €2.1m to €2.0m
- Debts after one year -€130,012
down €130,012 (-7.5%), from €1.7m to €1.6m
- Profit (loss) carried forward +€30,287
up €30,287, from -€10,638 to €19,648
- Financial charges -€5,505
down €5,505 (-13.5%), from €40,629 to €35,124
- Taxes +€5,035
new in 2025: €5,035
- Financial income -€2,965
down €2,965 (-80.9%), from €3,664 to €699
- Gross operating margin -€2,754
down €2,754 (-1.5%), from €189,015 to €186,261
- Depreciation +€2,045
up €2,045 (+2.0%), from €101,702 to €103,747
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 | €2,158,418 | €2,061,965 | -€96,453 | -4.5% |
| Fixed assets | 21/28 | €2,117,702 | €2,011,435 | -€106,266 | -5.0% |
| Tangible fixed assets | 22/27 | €2,117,702 | €2,011,435 | -€106,266 | -5.0% |
| Land and buildings | 22 | €2,117,702 | €2,011,435 | -€106,266 | -5.0% |
| Current assets | 29/58 | €40,716 | €50,529 | +€9,813 | +24.1% |
| Amounts receivable within one year | 40/41 | €3,755 | €2,688 | -€1,067 | -28.4% |
| Other amounts receivable | 41 | €3,755 | €2,688 | -€1,067 | -28.4% |
| Cash at bank and in hand | 54/58 | €33,905 | €44,795 | +€10,889 | +32.1% |
| Deferred charges and accrued income | 490/1 | €3,056 | €3,047 | -€10 | -0.3% |
| Total equity and liabilities | 10/49 | €2,158,418 | €2,061,965 | -€96,453 | -4.5% |
| Equity | 10/15 | €189,362 | €219,648 | +€30,287 | +16.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,638 | €19,648 | +€30,287 | |
| Amounts payable | 17/49 | €1,969,057 | €1,842,317 | -€126,740 | -6.4% |
| Amounts payable after more than one year | 17 | €1,744,478 | €1,614,466 | -€130,012 | -7.5% |
| Financial debts | 170/4 | €1,744,478 | €1,614,466 | -€130,012 | -7.5% |
| Amounts payable within one year | 42/48 | €224,579 | €227,851 | +€3,272 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €125,008 | €126,818 | +€1,810 | +1.4% |
| Trade debts | 44 | €442 | €1,487 | +€1,045 | +236.4% |
| Suppliers | 440/4 | €442 | €1,487 | +€1,045 | +236.4% |
| Other amounts payable | 47/48 | €99,129 | €99,546 | +€417 | +0.4% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,702 | €103,747 | +€2,045 | +2.0% |
| Other operating charges | 640/8 | €12,141 | €12,767 | +€626 | +5.2% |
| Gross operating margin | 9900 | €189,015 | €186,261 | -€2,754 | -1.5% |
| Operating profit (loss) | 9901 | €75,172 | €69,747 | -€5,425 | -7.2% |
| Financial income | 75/76B | €3,664 | €699 | -€2,965 | -80.9% |
| Recurring financial income | 75 | €3,664 | €699 | -€2,965 | -80.9% |
| Financial charges | 65/66B | €40,629 | €35,124 | -€5,505 | -13.5% |
| Recurring financial charges | 65 | €40,629 | €35,124 | -€5,505 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €38,207 | €35,321 | -€2,886 | -7.6% |
| Income taxes | 67/77 | - | €5,035 | +€5,035 | |
| Profit (loss) for the period | 9904 | €38,207 | €30,287 | -€7,920 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,207 | €30,287 | -€7,920 | -20.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.