GAVENI: 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.
GAVENI
Largest movements
- Tangible fixed assets +€16,424
up €16,424 (+31.1%), from €52,739 to €69,163
of which Furniture and vehicles: +€19,839
- Cash +€14,331
up €14,331 (+17.3%), from €82,659 to €96,989
mainly Net result for the year (+€51,125) and Depreciation (+€21,993)
- Receivables within one year +€4,967
up €4,967 (+25.7%), from €19,299 to €24,266
of which Other amounts receivable: +€6,507
- Reserves +€51,125
up €51,125 (+45.2%), from €113,208 to €164,333
- Debts after one year -€10,375
down €10,375 (-49.0%), from €21,154 to €10,780
- Trade debts -€2,459
down €2,459 (-77.0%), from €3,192 to €733
- Tax, wage and social debts -€2,318
down €2,318 (-23.6%), from €9,836 to €7,518
of which Remuneration and social security: -€2,944
- Depreciation +€7,605
up €7,605 (+52.9%), from €14,388 to €21,993
- Gross operating margin +€3,614
up €3,614 (+2.4%), from €150,504 to €154,119
- Staff costs -€3,006
down €3,006 (-5.5%), from €54,588 to €51,582
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 | €160,376 | €196,739 | +€36,362 | +22.7% |
| Fixed assets | 21/28 | €52,739 | €69,163 | +€16,424 | +31.1% |
| Tangible fixed assets | 22/27 | €52,739 | €69,163 | +€16,424 | +31.1% |
| Plant, machinery and equipment | 23 | €15,409 | €11,994 | -€3,415 | -22.2% |
| Furniture and vehicles | 24 | €37,331 | €57,170 | +€19,839 | +53.1% |
| Current assets | 29/58 | €107,637 | €127,575 | +€19,938 | +18.5% |
| Amounts receivable within one year | 40/41 | €19,299 | €24,266 | +€4,967 | +25.7% |
| Trade receivables | 40 | €5,461 | €3,922 | -€1,539 | -28.2% |
| Other amounts receivable | 41 | €13,837 | €20,344 | +€6,507 | +47.0% |
| Cash at bank and in hand | 54/58 | €82,659 | €96,989 | +€14,331 | +17.3% |
| Deferred charges and accrued income | 490/1 | €5,680 | €6,320 | +€640 | +11.3% |
| Total equity and liabilities | 10/49 | €160,376 | €196,739 | +€36,362 | +22.7% |
| Equity | 10/15 | €116,208 | €167,333 | +€51,125 | +44.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €113,208 | €164,333 | +€51,125 | +45.2% |
| Distributable reserves | 133 | €113,208 | €164,333 | +€51,125 | +45.2% |
| Amounts payable | 17/49 | €44,168 | €29,405 | -€14,763 | -33.4% |
| Amounts payable after more than one year | 17 | €21,154 | €10,780 | -€10,375 | -49.0% |
| Financial debts | 170/4 | €21,154 | €10,780 | -€10,375 | -49.0% |
| Amounts payable within one year | 42/48 | €23,014 | €18,626 | -€4,388 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €9,985 | €10,375 | +€389 | +3.9% |
| Trade debts | 44 | €3,192 | €733 | -€2,459 | -77.0% |
| Suppliers | 440/4 | €3,192 | €733 | -€2,459 | -77.0% |
| Taxes, remuneration and social security | 45 | €9,836 | €7,518 | -€2,318 | -23.6% |
| Taxes | 450/3 | €3,087 | €3,713 | +€626 | +20.3% |
| Remuneration and social security | 454/9 | €6,750 | €3,805 | -€2,944 | -43.6% |
| Remuneration, social security and pensions | 62 | €54,588 | €51,582 | -€3,006 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,388 | €21,993 | +€7,605 | +52.9% |
| Other operating charges | 640/8 | €1,573 | €1,995 | +€422 | +26.9% |
| Gross operating margin | 9900 | €150,504 | €154,119 | +€3,614 | +2.4% |
| Operating profit (loss) | 9901 | €79,955 | €78,549 | -€1,406 | -1.8% |
| Financial income | 75/76B | €49 | €3 | -€46 | -94.4% |
| Recurring financial income | 75 | €49 | €3 | -€46 | -94.4% |
| Financial charges | 65/66B | €1,503 | €1,610 | +€107 | +7.1% |
| Recurring financial charges | 65 | €1,503 | €1,610 | +€107 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €78,501 | €76,941 | -€1,560 | -2.0% |
| Income taxes | 67/77 | €26,109 | €25,816 | -€293 | -1.1% |
| Profit (loss) for the period | 9904 | €52,392 | €51,125 | -€1,266 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,392 | €51,125 | -€1,266 | -2.4% |
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 23 October 2026 via checked.be.