F. GEVERS: 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.
F. GEVERS
Largest movements
- Receivables within one year +€43,469
up €43,469 (+62.2%), from €69,906 to €113,375
of which Trade receivables: +€41,196
- Cash -€27,498
down €27,498 (-26.3%), from €104,373 to €76,875
mainly Receivables within one year (-€43,469) and Contributions, distributions and other (-€18,000)
- Tangible fixed assets -€11,630
down €11,630 (-34.8%), from €33,374 to €21,745
- Reserves -€18,000
down €18,000 (-45.1%), from €39,900 to €21,900
- Other debts +€17,100
new in 2025: €17,100
- Debts after one year -€9,650
down €9,650 (-51.9%), from €18,587 to €8,937
- Tax, wage and social debts +€8,098
up €8,098 (+57.4%), from €14,099 to €22,197
of which Taxes: +€8,098
- Profit (loss) carried forward +€5,467
up €5,467 (+4.2%), from €128,916 to €134,383
- Gross operating margin +€25,143
up €25,143, from -€6,625 to €18,519
- Depreciation -€295
down €295 (-2.3%), from €12,714 to €12,420
- Financial income +€185
up €185 (+12.4%), from €1,491 to €1,677
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 | €231,972 | €237,565 | +€5,592 | +2.4% |
| Fixed assets | 21/28 | €55,002 | €43,372 | -€11,630 | -21.1% |
| Tangible fixed assets | 22/27 | €33,374 | €21,745 | -€11,630 | -34.8% |
| Furniture and vehicles | 24 | €33,374 | €21,745 | -€11,630 | -34.8% |
| Financial fixed assets | 28 | €21,627 | €21,627 | = | 0.0% |
| Current assets | 29/58 | €176,971 | €194,193 | +€17,222 | +9.7% |
| Amounts receivable within one year | 40/41 | €69,906 | €113,375 | +€43,469 | +62.2% |
| Trade receivables | 40 | €16,221 | €57,417 | +€41,196 | +254.0% |
| Other amounts receivable | 41 | €53,685 | €55,958 | +€2,273 | +4.2% |
| Cash at bank and in hand | 54/58 | €104,373 | €76,875 | -€27,498 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,692 | €3,943 | +€1,252 | +46.5% |
| Total equity and liabilities | 10/49 | €231,972 | €237,565 | +€5,592 | +2.4% |
| Equity | 10/15 | €187,816 | €175,283 | -€12,533 | -6.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €39,900 | €21,900 | -€18,000 | -45.1% |
| Distributable reserves | 133 | €39,900 | €21,900 | -€18,000 | -45.1% |
| Profit (loss) carried forward | 14 | €128,916 | €134,383 | +€5,467 | +4.2% |
| Amounts payable | 17/49 | €44,157 | €62,282 | +€18,125 | +41.0% |
| Amounts payable after more than one year | 17 | €18,587 | €8,937 | -€9,650 | -51.9% |
| Financial debts | 170/4 | €18,587 | €8,937 | -€9,650 | -51.9% |
| Amounts payable within one year | 42/48 | €24,315 | €53,345 | +€29,030 | +119.4% |
| Current portion of amounts payable after more than one year | 42 | €9,548 | €9,650 | +€102 | +1.1% |
| Trade debts | 44 | €668 | €4,398 | +€3,730 | +558.5% |
| Suppliers | 440/4 | €668 | €4,398 | +€3,730 | +558.5% |
| Taxes, remuneration and social security | 45 | €14,099 | €22,197 | +€8,098 | +57.4% |
| Taxes | 450/3 | €10,549 | €18,647 | +€8,098 | +76.8% |
| Remuneration and social security | 454/9 | €3,550 | €3,550 | = | 0.0% |
| Other amounts payable | 47/48 | - | €17,100 | +€17,100 | |
| Accrued charges and deferred income | 492/3 | €1,255 | €0 | -€1,255 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,714 | €12,420 | -€295 | -2.3% |
| Other operating charges | 640/8 | €917 | €1,027 | +€110 | +12.0% |
| Gross operating margin | 9900 | -€6,625 | €18,519 | +€25,143 | |
| Operating profit (loss) | 9901 | -€20,256 | €5,072 | +€25,327 | |
| Financial income | 75/76B | €1,491 | €1,677 | +€185 | +12.4% |
| Recurring financial income | 75 | €1,491 | €1,677 | +€185 | +12.4% |
| Financial charges | 65/66B | €810 | €969 | +€160 | +19.7% |
| Recurring financial charges | 65 | €810 | €969 | +€160 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,574 | €5,779 | +€25,353 | |
| Income taxes | 67/77 | €306 | €312 | +€6 | +2.0% |
| Profit (loss) for the period | 9904 | -€19,880 | €5,467 | +€25,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,880 | €5,467 | +€25,347 |
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 8 October 2026 via checked.be.