G.E.V.: 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.
G.E.V.
Largest movements
- Receivables within one year +€10,813
up €10,813 (+102%), from €10,623 to €21,436
of which Trade receivables: +€9,227
- Tangible fixed assets +€5,503
up €5,503 (+9.1%), from €60,605 to €66,108
of which Furniture and vehicles: +€5,503
- Cash -€3,034
down €3,034 (-44.7%), from €6,780 to €3,746
mainly Receivables within one year (-€10,813) and Investment in fixed assets (net) (-€8,401)
- Other debts +€20,546
up €20,546 (+75.8%), from €27,094 to €47,641
- Profit (loss) carried forward -€7,691
down €7,691 (-48.1%), from €15,993 to €8,302
- Current portion of long-term debt +€6,470
up €6,470 (+119%), from €5,455 to €11,925
- Debts after one year -€4,973
down €4,973 (-31.3%), from €15,880 to €10,907
- Tax, wage and social debts -€1,985
down €1,985 (-43.0%), from €4,614 to €2,628
of which Taxes: -€2,285
- Gross operating margin -€20,382
down €20,382 (-83.6%), from €24,393 to €4,011
- Other operating charges +€6,816
up €6,816 (+1,011%), from €674 to €7,490
- Financial charges -€374
down €374 (-22.8%), from €1,638 to €1,265
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 | €78,730 | €91,535 | +€12,806 | +16.3% |
| Fixed assets | 21/28 | €60,605 | €66,108 | +€5,503 | +9.1% |
| Tangible fixed assets | 22/27 | €60,605 | €66,108 | +€5,503 | +9.1% |
| Land and buildings | 22 | €42,500 | €42,500 | = | 0.0% |
| Furniture and vehicles | 24 | €18,105 | €23,608 | +€5,503 | +30.4% |
| Current assets | 29/58 | €18,125 | €25,427 | +€7,303 | +40.3% |
| Amounts receivable within one year | 40/41 | €10,623 | €21,436 | +€10,813 | +102% |
| Trade receivables | 40 | €10,623 | €19,850 | +€9,227 | +86.9% |
| Other amounts receivable | 41 | - | €1,586 | +€1,586 | |
| Cash at bank and in hand | 54/58 | €6,780 | €3,746 | -€3,034 | -44.7% |
| Deferred charges and accrued income | 490/1 | €722 | €245 | -€477 | -66.1% |
| Total equity and liabilities | 10/49 | €78,730 | €91,535 | +€12,806 | +16.3% |
| Equity | 10/15 | €24,993 | €17,302 | -€7,691 | -30.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,993 | €8,302 | -€7,691 | -48.1% |
| Amounts payable | 17/49 | €53,737 | €74,233 | +€20,496 | +38.1% |
| Amounts payable after more than one year | 17 | €15,880 | €10,907 | -€4,973 | -31.3% |
| Financial debts | 170/4 | €15,880 | €10,907 | -€4,973 | -31.3% |
| Amounts payable within one year | 42/48 | €37,857 | €63,326 | +€25,470 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €5,455 | €11,925 | +€6,470 | +119% |
| Trade debts | 44 | €693 | €1,132 | +€438 | +63.2% |
| Suppliers | 440/4 | €693 | €1,132 | +€438 | +63.2% |
| Taxes, remuneration and social security | 45 | €4,614 | €2,628 | -€1,985 | -43.0% |
| Taxes | 450/3 | €3,214 | €928 | -€2,285 | -71.1% |
| Remuneration and social security | 454/9 | €1,400 | €1,700 | +€300 | +21.4% |
| Other amounts payable | 47/48 | €27,094 | €47,641 | +€20,546 | +75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €2,898 | +€9 | +0.3% |
| Other operating charges | 640/8 | €674 | €7,490 | +€6,816 | +1,011% |
| Gross operating margin | 9900 | €24,393 | €4,011 | -€20,382 | -83.6% |
| Operating profit (loss) | 9901 | €20,829 | -€6,378 | -€27,207 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +15,200% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +15,200% |
| Financial charges | 65/66B | €1,638 | €1,265 | -€374 | -22.8% |
| Recurring financial charges | 65 | €1,638 | €1,265 | -€374 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €19,191 | -€7,638 | -€26,829 | |
| Income taxes | 67/77 | €146 | €53 | -€93 | -63.8% |
| Profit (loss) for the period | 9904 | €19,044 | -€7,691 | -€26,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,044 | -€7,691 | -€26,735 |
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 18 October 2026 via checked.be.