GEBAVEC: 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.
GEBAVEC
Largest movements
- Receivables within one year +€19,524
up €19,524 (+27.3%), from €71,498 to €91,022
of which Other amounts receivable: +€10,847
- Cash -€15,075
down €15,075 (-13.5%), from €111,790 to €96,716
mainly Debts after one year (-€39,716) and Receivables within one year (-€19,524)
- Deferred charges and accrued income -€5,944
down €5,944 (-39.5%), from €15,056 to €9,112
- Tangible fixed assets -€4,859
down €4,859 (-29.7%), from €16,334 to €11,475
of which Furniture and vehicles: -€4,431
- Debts after one year -€39,716
down €39,716 (-39.1%), from €101,611 to €61,895
- Reserves +€26,731
up €26,731 (+49.0%), from €54,506 to €81,237
of which Distributable reserves: +€26,731
- Tax, wage and social debts +€5,895
up €5,895 (+216.6%), from €2,721 to €8,616
- Other debts +€3,500
new in 2025: €3,500
- Accrued charges and deferred income -€2,869
no longer reported in 2025 (was €2,869)
- Gross operating margin +€23,082
up €23,082 (+85.0%), from €27,166 to €50,248
- Other operating charges +€2,898
up €2,898 (+1125.4%), from €258 to €3,156
- Taxes +€2,086
up €2,086 (+191.9%), from €1,087 to €3,173
- Financial charges -€1,975
down €1,975 (-21.7%), from €9,091 to €7,116
- Depreciation -€1,337
down €1,337 (-17.2%), from €7,757 to €6,420
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 | €215,075 | €208,722 | -€6,353 | -3.0% |
| Fixed assets | 21/28 | €16,731 | €11,872 | -€4,859 | -29.0% |
| Tangible fixed assets | 22/27 | €16,334 | €11,475 | -€4,859 | -29.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €11,604 | €11,175 | -€428 | -3.7% |
| Furniture and vehicles | 24 | €4,730 | €300 | -€4,431 | -93.7% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €198,344 | €196,850 | -€1,494 | -0.8% |
| Amounts receivable within one year | 40/41 | €71,498 | €91,022 | +€19,524 | +27.3% |
| Trade receivables | 40 | €58,922 | €67,599 | +€8,677 | +14.7% |
| Other amounts receivable | 41 | €12,576 | €23,424 | +€10,847 | +86.3% |
| Cash at bank and in hand | 54/58 | €111,790 | €96,716 | -€15,075 | -13.5% |
| Deferred charges and accrued income | 490/1 | €15,056 | €9,112 | -€5,944 | -39.5% |
| Total equity and liabilities | 10/49 | €215,075 | €208,722 | -€6,353 | -3.0% |
| Equity | 10/15 | €73,111 | €99,842 | +€26,731 | +36.6% |
| Contributions | 10/11 | €18,605 | €18,605 | = | 0.0% |
| Reserves | 13 | €54,506 | €81,237 | +€26,731 | +49.0% |
| Non-distributable reserves | 130/1 | €3,860 | €3,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €50,646 | €77,377 | +€26,731 | +52.8% |
| Amounts payable | 17/49 | €141,964 | €108,879 | -€33,085 | -23.3% |
| Amounts payable after more than one year | 17 | €101,611 | €61,895 | -€39,716 | -39.1% |
| Financial debts | 170/4 | €101,611 | €61,895 | -€39,716 | -39.1% |
| Amounts payable within one year | 42/48 | €37,484 | €46,984 | +€9,501 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €32,729 | €33,761 | +€1,032 | +3.2% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €2,027 | €1,107 | -€920 | -45.4% |
| Suppliers | 440/4 | €2,027 | €1,107 | -€920 | -45.4% |
| Taxes, remuneration and social security | 45 | €2,721 | €8,616 | +€5,895 | +216.6% |
| Taxes | 450/3 | €2,721 | €8,616 | +€5,895 | +216.6% |
| Other amounts payable | 47/48 | - | €3,500 | +€3,500 | |
| Accrued charges and deferred income | 492/3 | €2,869 | - | -€2,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,757 | €6,420 | -€1,337 | -17.2% |
| Other operating charges | 640/8 | €258 | €3,156 | +€2,898 | +1125.4% |
| Gross operating margin | 9900 | €27,166 | €50,248 | +€23,082 | +85.0% |
| Operating profit (loss) | 9901 | €19,152 | €40,673 | +€21,521 | +112.4% |
| Financial income | 75/76B | €1,557 | €1,348 | -€209 | -13.4% |
| Recurring financial income | 75 | €1,557 | €1,348 | -€209 | -13.4% |
| Financial charges | 65/66B | €9,091 | €7,116 | -€1,975 | -21.7% |
| Recurring financial charges | 65 | €9,091 | €7,116 | -€1,975 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €11,618 | €34,905 | +€23,286 | +200.4% |
| Income taxes | 67/77 | €1,087 | €3,173 | +€2,086 | +191.9% |
| Profit (loss) for the period | 9904 | €10,531 | €31,731 | +€21,200 | +201.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,531 | €31,731 | +€21,200 | +201.3% |
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 30 September 2026 via checked.be.