JGovaertS: 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.
JGovaertS
Largest movements
- Tangible fixed assets -€36,606
down €36,606 (-30.8%), from €119,002 to €82,396
of which Leasing and similar rights: -€25,910
- Receivables within one year +€16,636
up €16,636 (+84.2%), from €19,752 to €36,388
of which Trade receivables: +€15,694
- Cash +€2,703
up €2,703 (+25.1%), from €10,773 to €13,476
mainly Depreciation (+€36,606) and Other debts (+€10,554)
- Debts after one year -€19,010
down €19,010 (-23.9%), from €79,688 to €60,678
- Profit (loss) carried forward -€18,051
down €18,051 (-280%), from -€6,451 to -€24,502
- Other debts +€10,554
up €10,554 (+27.9%), from €37,830 to €48,385
- Trade debts +€6,035
up €6,035 (+78.5%), from €7,686 to €13,720
- Short-term financial debts +€2,073
up €2,073 (+120%), from €1,734 to €3,806
- Gross operating margin -€20,348
down €20,348 (-38.5%), from €52,891 to €32,543
- Depreciation -€6,031
down €6,031 (-14.1%), from €42,637 to €36,606
- Other operating charges +€5,440
up €5,440 (+165%), from €3,305 to €8,745
- Financial charges -€2,998
down €2,998 (-38.4%), from €7,813 to €4,815
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.
Derived cash bridge
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 | €149,818 | €132,589 | -€17,229 | -11.5% |
| Fixed assets | 21/28 | €119,002 | €82,396 | -€36,606 | -30.8% |
| Tangible fixed assets | 22/27 | €119,002 | €82,396 | -€36,606 | -30.8% |
| Furniture and vehicles | 24 | €24,163 | €13,467 | -€10,695 | -44.3% |
| Leasing and similar rights | 25 | €94,839 | €68,929 | -€25,910 | -27.3% |
| Current assets | 29/58 | €30,817 | €50,193 | +€19,376 | +62.9% |
| Amounts receivable within one year | 40/41 | €19,752 | €36,388 | +€16,636 | +84.2% |
| Trade receivables | 40 | €19,677 | €35,371 | +€15,694 | +79.8% |
| Other amounts receivable | 41 | €76 | €1,017 | +€941 | +1,241% |
| Cash at bank and in hand | 54/58 | €10,773 | €13,476 | +€2,703 | +25.1% |
| Deferred charges and accrued income | 490/1 | €292 | €330 | +€38 | +13.0% |
| Total equity and liabilities | 10/49 | €149,818 | €132,589 | -€17,229 | -11.5% |
| Equity | 10/15 | -€6,351 | -€24,402 | -€18,051 | -284% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,451 | -€24,502 | -€18,051 | -280% |
| Amounts payable | 17/49 | €156,169 | €156,991 | +€822 | +0.5% |
| Amounts payable after more than one year | 17 | €79,688 | €60,678 | -€19,010 | -23.9% |
| Financial debts | 170/4 | €79,688 | €60,678 | -€19,010 | -23.9% |
| Amounts payable within one year | 42/48 | €76,481 | €96,313 | +€19,832 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €18,220 | €19,010 | +€791 | +4.3% |
| Financial debts | 43 | €1,734 | €3,806 | +€2,073 | +120% |
| Credit institutions | 430/8 | €1,734 | €3,806 | +€2,073 | +120% |
| Trade debts | 44 | €7,686 | €13,720 | +€6,035 | +78.5% |
| Suppliers | 440/4 | €7,686 | €13,720 | +€6,035 | +78.5% |
| Taxes, remuneration and social security | 45 | €11,012 | €11,391 | +€379 | +3.4% |
| Taxes | 450/3 | €7,712 | €8,091 | +€379 | +4.9% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €37,830 | €48,385 | +€10,554 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,637 | €36,606 | -€6,031 | -14.1% |
| Other operating charges | 640/8 | €3,305 | €8,745 | +€5,440 | +165% |
| Non-recurring operating charges | 66A | €5,262 | - | -€5,262 | |
| Gross operating margin | 9900 | €52,891 | €32,543 | -€20,348 | -38.5% |
| Operating profit (loss) | 9901 | €1,688 | -€12,807 | -€14,495 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €7,813 | €4,815 | -€2,998 | -38.4% |
| Recurring financial charges | 65 | €7,813 | €4,815 | -€2,998 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,125 | -€17,618 | -€11,493 | -188% |
| Income taxes | 67/77 | €325 | €433 | +€108 | +33.1% |
| Profit (loss) for the period | 9904 | -€6,451 | -€18,051 | -€11,601 | -180% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,451 | -€18,051 | -€11,601 | -180% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.