DE GAVERKANT: 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.
DE GAVERKANT
Largest movements
- Tangible fixed assets +€345,813
up €345,813 (+918%), from €37,683 to €383,496
of which Land and buildings: +€346,632
- Receivables within one year -€95,945
down €95,945 (-99.9%), from €96,004 to €58
- Cash +€38,819
up €38,819 (+395%), from €9,826 to €48,644
mainly Other debts (+€275,333) and Receivables within one year (+€95,945)
- Other debts +€275,333
new in 2025: €275,333
- Trade debts +€50,320
up €50,320 (+16,082%), from €313 to €50,633
- Profit (loss) carried forward -€26,449
new in 2025: -€26,449
- Reserves -€10,517
down €10,517 (-18.6%), from €56,411 to €45,894
of which Distributable reserves: -€10,517
- Gross operating margin -€14,164
down €14,164 (-128%), from -€11,062 to -€25,225
- Depreciation +€7,163
up €7,163 (+743%), from €965 to €8,127
- Financial income -€3,716
down €3,716 (-98.1%), from €3,788 to €72
- Other operating charges +€611
up €611 (+20.4%), from €2,991 to €3,602
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 | €144,397 | €433,083 | +€288,686 | +200% |
| Fixed assets | 21/28 | €37,762 | €383,575 | +€345,813 | +916% |
| Tangible fixed assets | 22/27 | €37,683 | €383,496 | +€345,813 | +918% |
| Land and buildings | 22 | €35,226 | €381,858 | +€346,632 | +984% |
| Plant, machinery and equipment | 23 | €2,457 | €1,638 | -€819 | -33.3% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €106,635 | €49,508 | -€57,127 | -53.6% |
| Amounts receivable within one year | 40/41 | €96,004 | €58 | -€95,945 | -99.9% |
| Other amounts receivable | 41 | €96,004 | €58 | -€95,945 | -99.9% |
| Cash at bank and in hand | 54/58 | €9,826 | €48,644 | +€38,819 | +395% |
| Deferred charges and accrued income | 490/1 | €805 | €805 | = | 0.0% |
| Total equity and liabilities | 10/49 | €144,397 | €433,083 | +€288,686 | +200% |
| Equity | 10/15 | €143,707 | €106,740 | -€36,966 | -25.7% |
| Contributions | 10/11 | €87,296 | €87,296 | = | 0.0% |
| Reserves | 13 | €56,411 | €45,894 | -€10,517 | -18.6% |
| Non-distributable reserves | 130/1 | €9,970 | €9,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,970 | €9,970 | = | 0.0% |
| Distributable reserves | 133 | €46,441 | €35,924 | -€10,517 | -22.6% |
| Profit (loss) carried forward | 14 | - | -€26,449 | -€26,449 | |
| Amounts payable | 17/49 | €690 | €326,343 | +€325,653 | +47,186% |
| Amounts payable within one year | 42/48 | €313 | €325,965 | +€325,653 | +104,076% |
| Trade debts | 44 | €313 | €50,633 | +€50,320 | +16,082% |
| Suppliers | 440/4 | €313 | €50,633 | +€50,320 | +16,082% |
| Other amounts payable | 47/48 | - | €275,333 | +€275,333 | |
| Accrued charges and deferred income | 492/3 | €377 | €377 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €8,127 | +€7,163 | +743% |
| Other operating charges | 640/8 | €2,991 | €3,602 | +€611 | +20.4% |
| Gross operating margin | 9900 | -€11,062 | -€25,225 | -€14,164 | -128% |
| Operating profit (loss) | 9901 | -€15,018 | -€36,955 | -€21,937 | -146% |
| Financial income | 75/76B | €3,788 | €72 | -€3,716 | -98.1% |
| Recurring financial income | 75 | €3,788 | €72 | -€3,716 | -98.1% |
| Financial charges | 65/66B | €97 | €84 | -€13 | -13.0% |
| Recurring financial charges | 65 | €97 | €84 | -€13 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,326 | -€36,966 | -€25,641 | -226% |
| Profit (loss) for the period | 9904 | -€11,326 | -€36,966 | -€25,641 | -226% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,326 | -€36,966 | -€25,641 | -226% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.