Govimo: 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.
What changed
Govimo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,920
2024 · €49,137+€6,782
Equity
€925,304
2024 · €1.4m-€444,080
Cash
€119,985
2024 · €119,319+€666
Balance sheet total
€1.5m
2024 · €1.4m+€46,725
Largest movements
Assets
- Receivables within one year +€111,325
up €111,325 (+73.0%), from €152,475 to €263,800
- Tangible fixed assets -€65,266
down €65,266 (-7.7%), from €845,293 to €780,026
Equity and liabilities
- Other debts +€500,000
new in 2025: €500,000
- Reserves -€444,080
down €444,080 (-70.9%), from €626,580 to €182,500
of which Distributable reserves: -€444,080
Income statement
- Financial income +€7,323
up €7,323 (+164.0%), from €4,464 to €11,786
- Taxes +€2,261
up €2,261 (+8.8%), from €25,655 to €27,916
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.
Result 2024
€49,137
Gross operating margin
+€731
Depreciation
+€683
Other operating charges
-€31
Financial income
+€7,323
Financial charges
+€338
Taxes
-€2,261
Result 2025
€55,920
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.
From operations
+€512,029
Investment
€0
Financing
-€511,362
Cash 2024
€119,319
From operations (derived)
+€512,029
Net result for the year
+€55,920
Depreciation
+€65,266
Receivables within one year
-€111,325
Trade debts
+€5,006
Tax, wage and social debts
-€3,016
Other debts
+€500,000
Accrued charges and deferred income
+€177
Financing
-€511,362
Debts after one year
-€11,711
Current portion of long-term debt
+€349
Contributions, distributions and other
-€500,000
Cash 2025
€119,985
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,415,747 | €1,462,471 | +€46,725 | +3.3% |
| Fixed assets | 21/28 | €845,293 | €780,026 | -€65,266 | -7.7% |
| Tangible fixed assets | 22/27 | €845,293 | €780,026 | -€65,266 | -7.7% |
| Land and buildings | 22 | €845,293 | €780,026 | -€65,266 | -7.7% |
| Current assets | 29/58 | €570,454 | €682,445 | +€111,991 | +19.6% |
| Amounts receivable after more than one year | 29 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 291 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,475 | €263,800 | +€111,325 | +73.0% |
| Other amounts receivable | 41 | €152,475 | €263,800 | +€111,325 | +73.0% |
| Current investments | 50/53 | €298,659 | €298,659 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,319 | €119,985 | +€666 | +0.6% |
| Total equity and liabilities | 10/49 | €1,415,747 | €1,462,471 | +€46,725 | +3.3% |
| Equity | 10/15 | €1,369,384 | €925,304 | -€444,080 | -32.4% |
| Contributions | 10/11 | €186,228 | €186,228 | = | 0.0% |
| Capital | 10 | €186,228 | €186,228 | = | 0.0% |
| Issued capital | 100 | €186,228 | €186,228 | = | 0.0% |
| Revaluation surpluses | 12 | €556,576 | €556,576 | = | 0.0% |
| Reserves | 13 | €626,580 | €182,500 | -€444,080 | -70.9% |
| Non-distributable reserves | 130/1 | €18,623 | €18,623 | = | 0.0% |
| Legal reserve | 130 | €18,623 | €18,623 | = | 0.0% |
| Distributable reserves | 133 | €607,958 | €163,877 | -€444,080 | -73.0% |
| Amounts payable | 17/49 | €46,362 | €537,168 | +€490,805 | +1058.6% |
| Amounts payable after more than one year | 17 | €29,957 | €18,245 | -€11,711 | -39.1% |
| Financial debts | 170/4 | €29,957 | €18,245 | -€11,711 | -39.1% |
| Amounts payable within one year | 42/48 | €16,369 | €518,708 | +€502,339 | +3068.9% |
| Current portion of amounts payable after more than one year | 42 | €11,362 | €11,711 | +€349 | +3.1% |
| Trade debts | 44 | - | €5,006 | +€5,006 | |
| Suppliers | 440/4 | - | €5,006 | +€5,006 | |
| Taxes, remuneration and social security | 45 | €5,006 | €1,990 | -€3,016 | -60.2% |
| Taxes | 450/3 | €5,006 | €1,990 | -€3,016 | -60.2% |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €37 | €214 | +€177 | +478.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,949 | €65,266 | -€683 | -1.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €139,201 | €139,932 | +€731 | +0.5% |
| Operating profit (loss) | 9901 | €72,223 | €73,605 | +€1,383 | +1.9% |
| Financial income | 75/76B | €4,464 | €11,786 | +€7,323 | +164.0% |
| Recurring financial income | 75 | €4,464 | €11,786 | +€7,323 | +164.0% |
| Financial charges | 65/66B | €1,894 | €1,556 | -€338 | -17.8% |
| Recurring financial charges | 65 | €1,894 | €1,556 | -€338 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €74,793 | €83,836 | +€9,043 | +12.1% |
| Income taxes | 67/77 | €25,655 | €27,916 | +€2,261 | +8.8% |
| Profit (loss) for the period | 9904 | €49,137 | €55,920 | +€6,782 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,137 | €55,920 | +€6,782 | +13.8% |
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 7 October 2026 via checked.be.