GovStrat: 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.
GovStrat
Largest movements
- Cash +€28,340
up €28,340 (+85.3%), from €33,237 to €61,577
mainly Depreciation (+€43,645) and Receivables within one year (+€20,517)
- Receivables within one year -€20,517
down €20,517 (-35.1%), from €58,462 to €37,945
of which Trade receivables: -€20,550
- Tangible fixed assets -€18,863
down €18,863 (-11.1%), from €170,253 to €151,389
of which Furniture and vehicles: -€18,628
- Debts after one year -€36,795
down €36,795 (-38.9%), from €94,675 to €57,879
- Provisions +€19,958
up €19,958 (+21.5%), from €92,928 to €112,886
- Other debts +€7,610
up €7,610 (+14.4%), from €52,834 to €60,444
- Profit (loss) carried forward -€6,786
down €6,786 (-11.7%), from -€58,044 to -€64,829
- Contributions +€6,200
new in 2025: €6,200
- Provisions -€72,970
down €72,970 (-78.5%), from €92,928 to €19,958
- Financial charges +€16,989
up €16,989 (+20.8%), from €81,664 to €98,653
- Depreciation +€16,693
up €16,693 (+61.9%), from €26,953 to €43,645
- Gross operating margin -€16,090
down €16,090 (-9.3%), from €173,611 to €157,521
- Other operating charges -€5,059
down €5,059 (-76.1%), from €6,644 to €1,585
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 | €264,870 | €252,994 | -€11,876 | -4.5% |
| Fixed assets | 21/28 | €170,907 | €151,863 | -€19,043 | -11.1% |
| Intangible fixed assets | 21 | €654 | €474 | -€180 | -27.5% |
| Tangible fixed assets | 22/27 | €170,253 | €151,389 | -€18,863 | -11.1% |
| Furniture and vehicles | 24 | €169,789 | €151,161 | -€18,628 | -11.0% |
| Other tangible fixed assets | 26 | €464 | €229 | -€235 | -50.7% |
| Current assets | 29/58 | €93,963 | €101,130 | +€7,167 | +7.6% |
| Amounts receivable within one year | 40/41 | €58,462 | €37,945 | -€20,517 | -35.1% |
| Trade receivables | 40 | €58,060 | €37,510 | -€20,550 | -35.4% |
| Other amounts receivable | 41 | €402 | €435 | +€33 | +8.1% |
| Cash at bank and in hand | 54/58 | €33,237 | €61,577 | +€28,340 | +85.3% |
| Deferred charges and accrued income | 490/1 | €2,264 | €1,609 | -€655 | -28.9% |
| Total equity and liabilities | 10/49 | €264,870 | €252,994 | -€11,876 | -4.5% |
| Equity | 10/15 | -€49,984 | -€56,769 | -€6,786 | -13.6% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €8,060 | €1,860 | -€6,200 | -76.9% |
| Distributable reserves | 133 | €8,060 | €1,860 | -€6,200 | -76.9% |
| Profit (loss) carried forward | 14 | -€58,044 | -€64,829 | -€6,786 | -11.7% |
| Provisions and deferred taxes | 16 | €92,928 | €112,886 | +€19,958 | +21.5% |
| Provisions for liabilities and charges | 160/5 | €92,928 | €112,886 | +€19,958 | +21.5% |
| Other liabilities and charges | 164/5 | €92,928 | €112,886 | +€19,958 | +21.5% |
| Amounts payable | 17/49 | €221,925 | €196,877 | -€25,048 | -11.3% |
| Amounts payable after more than one year | 17 | €94,675 | €57,879 | -€36,795 | -38.9% |
| Financial debts | 170/4 | €94,675 | €57,879 | -€36,795 | -38.9% |
| Amounts payable within one year | 42/48 | €126,450 | €138,197 | +€11,747 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €35,425 | €36,795 | +€1,371 | +3.9% |
| Trade debts | 44 | €20,585 | €19,651 | -€934 | -4.5% |
| Suppliers | 440/4 | €20,585 | €19,651 | -€934 | -4.5% |
| Taxes, remuneration and social security | 45 | €17,606 | €21,307 | +€3,701 | +21.0% |
| Taxes | 450/3 | €17,606 | €17,307 | -€299 | -1.7% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €52,834 | €60,444 | +€7,610 | +14.4% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,953 | €43,645 | +€16,693 | +61.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €92,928 | €19,958 | -€72,970 | -78.5% |
| Other operating charges | 640/8 | €6,644 | €1,585 | -€5,059 | -76.1% |
| Gross operating margin | 9900 | €173,611 | €157,521 | -€16,090 | -9.3% |
| Operating profit (loss) | 9901 | €47,086 | €92,332 | +€45,246 | +96.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €81,664 | €98,653 | +€16,989 | +20.8% |
| Recurring financial charges | 65 | €81,664 | €98,653 | +€16,989 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,578 | -€6,321 | +€28,258 | +81.7% |
| Income taxes | 67/77 | €294 | €465 | +€171 | +58.1% |
| Profit (loss) for the period | 9904 | -€34,872 | -€6,786 | +€28,087 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,872 | -€6,786 | +€28,087 | +80.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.