GERVAN: 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.
GERVAN
Largest movements
- Receivables within one year -€11,599
down €11,599 (-87.1%), from €13,310 to €1,711
of which Trade receivables: -€11,634
- Reserves +€262,740
up €262,740 (+62.5%), from €420,260 to €683,000
- Other debts -€186,600
down €186,600 (-62.1%), from €300,306 to €113,706
- Trade debts -€52,264
down €52,264 (-89.8%), from €58,188 to €5,924
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Current portion of long-term debt -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Financial income +€260,923
new in 2025: €260,923
- Financial charges +€24,516
up €24,516 (+1,231%), from €1,992 to €26,508
- Gross operating margin +€9,845
up €9,845 (+42.9%), from €22,963 to €32,808
- Taxes +€1,785
up €1,785 (+618%), from €289 to €2,074
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €840,488 | €828,983 | -€11,504 | -1.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €824,560 | €824,969 | +€409 | 0.0% |
| Tangible fixed assets | 22/27 | - | €409 | +€409 | |
| Furniture and vehicles | 24 | - | €409 | +€409 | |
| Financial fixed assets | 28 | €824,560 | €824,560 | = | 0.0% |
| Current assets | 29/58 | €15,928 | €4,014 | -€11,914 | -74.8% |
| Amounts receivable within one year | 40/41 | €13,310 | €1,711 | -€11,599 | -87.1% |
| Trade receivables | 40 | €13,310 | €1,676 | -€11,634 | -87.4% |
| Other amounts receivable | 41 | - | €36 | +€36 | |
| Deferred charges and accrued income | 490/1 | €2,618 | €2,303 | -€315 | -12.0% |
| Total equity and liabilities | 10/49 | €840,488 | €828,983 | -€11,504 | -1.4% |
| Equity | 10/15 | €426,552 | €689,528 | +€262,975 | +61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €420,260 | €683,000 | +€262,740 | +62.5% |
| Distributable reserves | 133 | €420,260 | €683,000 | +€262,740 | +62.5% |
| Profit (loss) carried forward | 14 | €92 | €328 | +€235 | +256% |
| Amounts payable | 17/49 | €413,936 | €139,456 | -€274,480 | -66.3% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €398,245 | €139,365 | -€258,880 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Trade debts | 44 | €58,188 | €5,924 | -€52,264 | -89.8% |
| Suppliers | 440/4 | €58,188 | €5,924 | -€52,264 | -89.8% |
| Taxes, remuneration and social security | 45 | €9,751 | €4,735 | -€5,016 | -51.4% |
| Taxes | 450/3 | €9,751 | €4,735 | -€5,016 | -51.4% |
| Other amounts payable | 47/48 | €300,306 | €113,706 | -€186,600 | -62.1% |
| Accrued charges and deferred income | 492/3 | €691 | €91 | -€600 | -86.8% |
| Remuneration, social security and pensions | 62 | €2,050 | €2,074 | +€24 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €38 | +€38 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €22,963 | €32,808 | +€9,845 | +42.9% |
| Operating profit (loss) | 9901 | €20,851 | €30,634 | +€9,783 | +46.9% |
| Financial income | 75/76B | - | €260,923 | +€260,923 | |
| Recurring financial income | 75 | - | €260,923 | +€260,923 | |
| Financial charges | 65/66B | €1,992 | €26,508 | +€24,516 | +1,231% |
| Recurring financial charges | 65 | €1,992 | €26,508 | +€24,516 | +1,231% |
| Profit (loss) for the period before taxes | 9903 | €18,859 | €265,049 | +€246,191 | +1,305% |
| Income taxes | 67/77 | €289 | €2,074 | +€1,785 | +618% |
| Profit (loss) for the period | 9904 | €18,570 | €262,975 | +€244,406 | +1,316% |
| Profit (loss) for the period to be appropriated | 9905 | €18,570 | €262,975 | +€244,406 | +1,316% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.