GAEVER: 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.
GAEVER
Largest movements
- Cash +€26,195
up €26,195 (+160.9%), from €16,276 to €42,471
mainly Net result for the year (+€89,622) and Tax, wage and social debts (+€4,665)
- Profit (loss) carried forward +€89,622
up €89,622 (+219.0%), from €40,918 to €130,540
- Debts after one year -€75,801
down €75,801 (-12.3%), from €616,196 to €540,395
- Financial income +€33,744
new in 2025: €33,744
- Gross operating margin +€21,491
up €21,491 (+28.1%), from €76,599 to €98,090
- Taxes +€4,987
up €4,987 (+36.6%), from €13,639 to €18,626
- Financial charges +€2,928
up €2,928 (+14.2%), from €20,657 to €23,585
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 | €758,776 | €784,971 | +€26,195 | +3.5% |
| Fixed assets | 21/28 | €742,500 | €742,500 | = | 0.0% |
| Financial fixed assets | 28 | €742,500 | €742,500 | = | 0.0% |
| Current assets | 29/58 | €16,276 | €42,471 | +€26,195 | +160.9% |
| Cash at bank and in hand | 54/58 | €16,276 | €42,471 | +€26,195 | +160.9% |
| Total equity and liabilities | 10/49 | €758,776 | €784,971 | +€26,195 | +3.5% |
| Equity | 10/15 | €41,918 | €131,540 | +€89,622 | +213.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,918 | €130,540 | +€89,622 | +219.0% |
| Amounts payable | 17/49 | €716,858 | €653,431 | -€63,427 | -8.8% |
| Amounts payable after more than one year | 17 | €616,196 | €540,395 | -€75,801 | -12.3% |
| Financial debts | 170/4 | €616,196 | €540,395 | -€75,801 | -12.3% |
| Amounts payable within one year | 42/48 | €100,662 | €113,036 | +€12,374 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €73,139 | €75,801 | +€2,662 | +3.6% |
| Trade debts | 44 | €115 | €1,110 | +€995 | +865.6% |
| Suppliers | 440/4 | €115 | €1,110 | +€995 | +865.6% |
| Taxes, remuneration and social security | 45 | €23,887 | €28,552 | +€4,665 | +19.5% |
| Taxes | 450/3 | €23,887 | €28,552 | +€4,665 | +19.5% |
| Other amounts payable | 47/48 | €3,520 | €7,573 | +€4,053 | +115.1% |
| Other operating charges | 640/8 | €119 | €0 | -€119 | -100.0% |
| Gross operating margin | 9900 | €76,599 | €98,090 | +€21,491 | +28.1% |
| Operating profit (loss) | 9901 | €76,480 | €98,090 | +€21,610 | +28.3% |
| Financial income | 75/76B | - | €33,744 | +€33,744 | |
| Recurring financial income | 75 | - | €33,744 | +€33,744 | |
| Financial charges | 65/66B | €20,657 | €23,585 | +€2,928 | +14.2% |
| Recurring financial charges | 65 | €20,657 | €23,585 | +€2,928 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €55,823 | €108,248 | +€52,425 | +93.9% |
| Income taxes | 67/77 | €13,639 | €18,626 | +€4,987 | +36.6% |
| Profit (loss) for the period | 9904 | €42,184 | €89,622 | +€47,438 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,184 | €89,622 | +€47,438 | +112.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.