GEV GROUP: 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.
GEV GROUP
Largest movements
- Receivables within one year +€24,449
up €24,449 (+97.9%), from €24,967 to €49,416
of which Other amounts receivable: +€15,110
- Financial fixed assets +€5,000
up €5,000 (+55.6%), from €9,000 to €14,000
- Cash +€3,941
up €3,941 (+91.1%), from €4,325 to €8,266
mainly Net result for the year (+€22,102) and Tax, wage and social debts (+€9,212)
- Deferred charges and accrued income -€3,708
down €3,708 (-77.3%), from €4,800 to €1,092
- Tangible fixed assets -€856
down €856 (-48.3%), from €1,774 to €918
- Profit (loss) carried forward +€22,102
up €22,102 (+82.7%), from €26,736 to €48,838
- Tax, wage and social debts +€9,212
up €9,212 (+92.1%), from €10,005 to €19,217
of which Taxes: +€4,808
- Current portion of long-term debt -€4,643
no longer reported in 2025 (was €4,643)
- Advances received +€1,630
new in 2025: €1,630
- Gross operating margin +€19,583
up €19,583 (+93.2%), from €21,009 to €40,592
- Staff costs +€11,364
new in 2025: €11,364
- Taxes +€1,569
up €1,569 (+39.4%), from €3,985 to €5,553
- Depreciation +€414
up €414 (+93.6%), from €442 to €856
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 | €44,866 | €73,691 | +€28,826 | +64.2% |
| Fixed assets | 21/28 | €10,774 | €14,918 | +€4,144 | +38.5% |
| Tangible fixed assets | 22/27 | €1,774 | €918 | -€856 | -48.3% |
| Furniture and vehicles | 24 | €1,774 | €918 | -€856 | -48.3% |
| Financial fixed assets | 28 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Current assets | 29/58 | €34,092 | €58,774 | +€24,682 | +72.4% |
| Amounts receivable within one year | 40/41 | €24,967 | €49,416 | +€24,449 | +97.9% |
| Trade receivables | 40 | €183 | €9,522 | +€9,340 | +5110.3% |
| Other amounts receivable | 41 | €24,784 | €39,894 | +€15,110 | +61.0% |
| Cash at bank and in hand | 54/58 | €4,325 | €8,266 | +€3,941 | +91.1% |
| Deferred charges and accrued income | 490/1 | €4,800 | €1,092 | -€3,708 | -77.3% |
| Total equity and liabilities | 10/49 | €44,866 | €73,691 | +€28,826 | +64.2% |
| Equity | 10/15 | €29,736 | €51,838 | +€22,102 | +74.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,736 | €48,838 | +€22,102 | +82.7% |
| Amounts payable | 17/49 | €15,129 | €21,853 | +€6,724 | +44.4% |
| Amounts payable within one year | 42/48 | €15,129 | €21,853 | +€6,724 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,643 | - | -€4,643 | |
| Trade debts | 44 | €482 | €1,006 | +€525 | +108.9% |
| Suppliers | 440/4 | €482 | €1,006 | +€525 | +108.9% |
| Advances received on contracts in progress | 46 | - | €1,630 | +€1,630 | |
| Taxes, remuneration and social security | 45 | €10,005 | €19,217 | +€9,212 | +92.1% |
| Taxes | 450/3 | €10,005 | €14,813 | +€4,808 | +48.1% |
| Remuneration and social security | 454/9 | - | €4,404 | +€4,404 | |
| Remuneration, social security and pensions | 62 | - | €11,364 | +€11,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442 | €856 | +€414 | +93.6% |
| Other operating charges | 640/8 | €248 | €456 | +€208 | +83.9% |
| Gross operating margin | 9900 | €21,009 | €40,592 | +€19,583 | +93.2% |
| Operating profit (loss) | 9901 | €20,319 | €27,916 | +€7,597 | +37.4% |
| Financial charges | 65/66B | €528 | €261 | -€267 | -50.6% |
| Recurring financial charges | 65 | €528 | €261 | -€267 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €19,791 | €27,655 | +€7,864 | +39.7% |
| Income taxes | 67/77 | €3,985 | €5,553 | +€1,569 | +39.4% |
| Profit (loss) for the period | 9904 | €15,806 | €22,102 | +€6,296 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,806 | €22,102 | +€6,296 | +39.8% |
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 6 October 2026 via checked.be.