GEBEVO: 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.
GEBEVO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+26.8%), from €5.2m to €6.7m
of which Land and buildings: +€1.5m
- Cash -€96,582
down €96,582 (-92.3%), from €104,689 to €8,108
mainly Investment in fixed assets (net) (-€1.7m)
- Debts after one year +€778,588
up €778,588 (+19.1%), from €4.1m to €4.9m
- Reserves +€484,222
up €484,222 (+22.5%), from €2.1m to €2.6m
of which Distributable reserves: +€484,222
- Gross operating margin -€27,027
down €27,027 (-2.4%), from €1.1m to €1.1m
- Financial charges -€22,829
down €22,829 (-30.6%), from €74,540 to €51,710
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 | €6,807,370 | €8,095,156 | +€1.3m | +18.9% |
| Fixed assets | 21/28 | €6,676,951 | €8,085,271 | +€1.4m | +21.1% |
| Tangible fixed assets | 22/27 | €5,246,951 | €6,655,271 | +€1.4m | +26.8% |
| Land and buildings | 22 | €4,761,309 | €6,214,500 | +€1.5m | +30.5% |
| Plant, machinery and equipment | 23 | €318,141 | €273,270 | -€44,871 | -14.1% |
| Assets under construction and advance payments | 27 | €167,500 | €167,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,430,000 | €1,430,000 | = | 0.0% |
| Current assets | 29/58 | €130,419 | €9,886 | -€120,534 | -92.4% |
| Amounts receivable within one year | 40/41 | €20,023 | €1 | -€20,022 | -100.0% |
| Other amounts receivable | 41 | €20,023 | €1 | -€20,022 | -100.0% |
| Cash at bank and in hand | 54/58 | €104,689 | €8,108 | -€96,582 | -92.3% |
| Deferred charges and accrued income | 490/1 | €5,707 | €1,777 | -€3,930 | -68.9% |
| Total equity and liabilities | 10/49 | €6,807,370 | €8,095,156 | +€1.3m | +18.9% |
| Equity | 10/15 | €2,239,385 | €2,723,607 | +€484,222 | +21.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €2,149,385 | €2,633,607 | +€484,222 | +22.5% |
| Non-distributable reserves | 130/1 | €19,372 | €19,372 | = | 0.0% |
| Legal reserve | 130 | €19,372 | €19,372 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,130,014 | €2,614,236 | +€484,222 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,567,985 | €5,371,549 | +€803,564 | +17.6% |
| Amounts payable after more than one year | 17 | €4,083,485 | €4,862,073 | +€778,588 | +19.1% |
| Financial debts | 170/4 | €4,083,485 | €4,862,073 | +€778,588 | +19.1% |
| Amounts payable within one year | 42/48 | €472,674 | €499,037 | +€26,362 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €317,137 | €320,206 | +€3,068 | +1.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,086 | €31,380 | +€23,294 | +288% |
| Taxes | 450/3 | €8,086 | €31,380 | +€23,294 | +288% |
| Other amounts payable | 47/48 | €147,451 | €147,451 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,826 | €10,440 | -€1,386 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,038 | €318,633 | +€4,595 | +1.5% |
| Other operating charges | 640/8 | €65,577 | €76,740 | +€11,163 | +17.0% |
| Gross operating margin | 9900 | €1,121,627 | €1,094,600 | -€27,027 | -2.4% |
| Operating profit (loss) | 9901 | €742,011 | €699,227 | -€42,785 | -5.8% |
| Financial charges | 65/66B | €74,540 | €51,710 | -€22,829 | -30.6% |
| Recurring financial charges | 65 | €74,540 | €51,710 | -€22,829 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €667,472 | €647,516 | -€19,955 | -3.0% |
| Income taxes | 67/77 | €168,086 | €163,294 | -€4,792 | -2.9% |
| Profit (loss) for the period | 9904 | €499,386 | €484,222 | -€15,164 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €499,386 | €484,222 | -€15,164 | -3.0% |
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 17 October 2026 via checked.be.