Gervinum: 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.
Gervinum
Largest movements
- Receivables within one year -€4,004
down €4,004 (-42.4%), from €9,437 to €5,432
of which Trade receivables: -€3,949
- Stocks and contracts +€3,380
up €3,380 (+28.3%), from €11,959 to €15,339
- Cash +€3,005
up €3,005 (+26.6%), from €11,294 to €14,299
mainly Trade debts (+€4,626) and Receivables within one year (+€4,004)
- Deferred charges and accrued income +€1,198
up €1,198 (+1,046%), from €115 to €1,313
- Trade debts +€4,626
up €4,626 (+72.6%), from €6,369 to €10,995
- Tax, wage and social debts -€1,568
down €1,568 (-33.5%), from €4,675 to €3,107
- Debts after one year +€511
up €511 (+4.2%), from €12,141 to €12,652
- Profit (loss) carried forward -€386
down €386 (-8.2%), from -€4,683 to -€5,069
- Gross operating margin +€1,178
up €1,178 (+49.1%), from €2,399 to €3,577
- Other operating charges +€306
up €306 (+17.1%), from €1,789 to €2,095
- Financial charges +€254
up €254 (+20.0%), from €1,269 to €1,522
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 | €33,502 | €36,735 | +€3,233 | +9.7% |
| Formation expenses | 20 | €158 | - | -€158 | |
| Fixed assets | 21/28 | €540 | €352 | -€188 | -34.8% |
| Tangible fixed assets | 22/27 | €297 | €110 | -€188 | -63.2% |
| Plant, machinery and equipment | 23 | €297 | €110 | -€188 | -63.2% |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €32,804 | €36,383 | +€3,579 | +10.9% |
| Stocks and contracts in progress | 3 | €11,959 | €15,339 | +€3,380 | +28.3% |
| Stocks | 30/36 | €11,959 | €15,339 | +€3,380 | +28.3% |
| Amounts receivable within one year | 40/41 | €9,437 | €5,432 | -€4,004 | -42.4% |
| Trade receivables | 40 | €9,381 | €5,432 | -€3,949 | -42.1% |
| Other amounts receivable | 41 | €55 | - | -€55 | |
| Cash at bank and in hand | 54/58 | €11,294 | €14,299 | +€3,005 | +26.6% |
| Deferred charges and accrued income | 490/1 | €115 | €1,313 | +€1,198 | +1,046% |
| Total equity and liabilities | 10/49 | €33,502 | €36,735 | +€3,233 | +9.7% |
| Equity | 10/15 | €10,317 | €9,931 | -€386 | -3.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,683 | -€5,069 | -€386 | -8.2% |
| Amounts payable | 17/49 | €23,185 | €26,804 | +€3,619 | +15.6% |
| Amounts payable after more than one year | 17 | €12,141 | €12,652 | +€511 | +4.2% |
| Financial debts | 170/4 | €12,141 | €12,652 | +€511 | +4.2% |
| Amounts payable within one year | 42/48 | €11,044 | €14,102 | +€3,058 | +27.7% |
| Trade debts | 44 | €6,369 | €10,995 | +€4,626 | +72.6% |
| Suppliers | 440/4 | €6,369 | €10,995 | +€4,626 | +72.6% |
| Taxes, remuneration and social security | 45 | €4,675 | €3,107 | -€1,568 | -33.5% |
| Taxes | 450/3 | €4,675 | €3,107 | -€1,568 | -33.5% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €346 | = | 0.0% |
| Other operating charges | 640/8 | €1,789 | €2,095 | +€306 | +17.1% |
| Gross operating margin | 9900 | €2,399 | €3,577 | +€1,178 | +49.1% |
| Operating profit (loss) | 9901 | €264 | €1,136 | +€872 | +330% |
| Financial charges | 65/66B | €1,269 | €1,522 | +€254 | +20.0% |
| Recurring financial charges | 65 | €1,269 | €1,522 | +€254 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,004 | -€386 | +€618 | +61.6% |
| Profit (loss) for the period | 9904 | -€1,004 | -€386 | +€618 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,004 | -€386 | +€618 | +61.6% |
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 26 October 2026 via checked.be.