Gesvan: 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.
Gesvan
Largest movements
- Cash -€34,569
down €34,569 (-25.6%), from €134,948 to €100,379
mainly Contributions, distributions and other (-€64,000) and Tax, wage and social debts (-€7,852)
- Stocks and contracts +€5,559
up €5,559 (+13.5%), from €41,058 to €46,618
- Profit (loss) carried forward -€52,318
down €52,318 (-99.1%), from €52,819 to €501
- Other debts +€27,900
up €27,900 (+70.3%), from €39,671 to €67,571
- Tax, wage and social debts -€7,852
down €7,852 (-23.6%), from €33,308 to €25,457
of which Taxes: -€5,949
- Trade debts +€3,051
up €3,051 (+49.1%), from €6,218 to €9,269
- Gross operating margin -€26,502
down €26,502 (-41.0%), from €64,584 to €38,081
- Taxes -€5,870
down €5,870 (-53.6%), from €10,954 to €5,084
- Staff costs +€2,073
up €2,073 (+9.1%), from €22,861 to €24,934
- Financial income -€1,487
down €1,487 (-15.0%), from €9,933 to €8,446
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 | €177,918 | €148,699 | -€29,219 | -16.4% |
| Fixed assets | 21/28 | €1,141 | €774 | -€366 | -32.1% |
| Tangible fixed assets | 22/27 | €1,141 | €774 | -€366 | -32.1% |
| Furniture and vehicles | 24 | €1,141 | €774 | -€366 | -32.1% |
| Current assets | 29/58 | €176,778 | €147,925 | -€28,852 | -16.3% |
| Stocks and contracts in progress | 3 | €41,058 | €46,618 | +€5,559 | +13.5% |
| Stocks | 30/36 | €41,058 | €46,618 | +€5,559 | +13.5% |
| Amounts receivable within one year | 40/41 | €179 | €264 | +€85 | +47.2% |
| Trade receivables | 40 | €179 | €218 | +€39 | +21.8% |
| Other amounts receivable | 41 | - | €45 | +€45 | |
| Cash at bank and in hand | 54/58 | €134,948 | €100,379 | -€34,569 | -25.6% |
| Deferred charges and accrued income | 490/1 | €592 | €664 | +€73 | +12.3% |
| Total equity and liabilities | 10/49 | €177,918 | €148,699 | -€29,219 | -16.4% |
| Equity | 10/15 | €98,722 | €46,403 | -€52,318 | -53.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Outside capital | 11 | €37,184 | €37,184 | = | 0.0% |
| Other | 1109/19 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €8,718 | €8,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,819 | €501 | -€52,318 | -99.1% |
| Amounts payable | 17/49 | €79,196 | €102,296 | +€23,100 | +29.2% |
| Amounts payable within one year | 42/48 | €79,196 | €102,296 | +€23,100 | +29.2% |
| Trade debts | 44 | €6,218 | €9,269 | +€3,051 | +49.1% |
| Suppliers | 440/4 | €6,218 | €9,269 | +€3,051 | +49.1% |
| Taxes, remuneration and social security | 45 | €33,308 | €25,457 | -€7,852 | -23.6% |
| Taxes | 450/3 | €27,414 | €21,465 | -€5,949 | -21.7% |
| Remuneration and social security | 454/9 | €5,894 | €3,991 | -€1,903 | -32.3% |
| Other amounts payable | 47/48 | €39,671 | €67,571 | +€27,900 | +70.3% |
| Remuneration, social security and pensions | 62 | €22,861 | €24,934 | +€2,073 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €366 | -€358 | -49.4% |
| Other operating charges | 640/8 | €1,555 | €1,287 | -€268 | -17.3% |
| Gross operating margin | 9900 | €64,584 | €38,081 | -€26,502 | -41.0% |
| Operating profit (loss) | 9901 | €39,443 | €11,494 | -€27,950 | -70.9% |
| Financial income | 75/76B | €9,933 | €8,446 | -€1,487 | -15.0% |
| Recurring financial income | 75 | €9,933 | €8,446 | -€1,487 | -15.0% |
| Financial charges | 65/66B | €3,372 | €3,174 | -€198 | -5.9% |
| Recurring financial charges | 65 | €3,372 | €3,174 | -€198 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €46,004 | €16,766 | -€29,238 | -63.6% |
| Income taxes | 67/77 | €10,954 | €5,084 | -€5,870 | -53.6% |
| Profit (loss) for the period | 9904 | €35,050 | €11,682 | -€23,368 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,050 | €11,682 | -€23,368 | -66.7% |
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 29 September 2026 via checked.be.