Geva: 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.
Geva
Largest movements
- Stocks and contracts +€98,736
new in 2025: €98,736
- Cash -€17,907
down €17,907 (-53.2%), from €33,631 to €15,724
mainly Stocks and contracts (-€98,736) and Net result for the year (-€16,977)
- Tangible fixed assets -€17,052
down €17,052 (-57.9%), from €29,447 to €12,395
of which Land and buildings: -€16,717
- Deferred charges and accrued income -€4,142
no longer reported in 2025 (was €4,142)
- Other debts +€50,021
up €50,021 (+15,294%), from €327 to €50,348
- Trade debts +€26,831
up €26,831 (+27,187%), from €99 to €26,930
- Reserves -€16,977
down €16,977 (-30.6%), from €55,467 to €38,490
of which Distributable reserves: -€14,577
- Gross operating margin -€10,606
down €10,606, from €308 to -€10,298
- Depreciation -€4,183
no longer reported in 2025 (was €4,183)
- Staff costs -€786
no longer reported in 2025 (was €786)
- Other operating charges -€591
down €591 (-8.3%), from €7,128 to €6,537
- Taxes -€149
down €149 (-51.2%), from €291 to €142
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 | €79,893 | €139,910 | +€60,017 | +75.1% |
| Fixed assets | 21/28 | €29,447 | €12,395 | -€17,052 | -57.9% |
| Tangible fixed assets | 22/27 | €29,447 | €12,395 | -€17,052 | -57.9% |
| Land and buildings | 22 | €29,112 | €12,395 | -€16,717 | -57.4% |
| Plant, machinery and equipment | 23 | €335 | - | -€335 | |
| Current assets | 29/58 | €50,446 | €127,515 | +€77,069 | +153% |
| Stocks and contracts in progress | 3 | - | €98,736 | +€98,736 | |
| Stocks | 30/36 | - | €98,736 | +€98,736 | |
| Amounts receivable within one year | 40/41 | €12,673 | €13,055 | +€382 | +3.0% |
| Trade receivables | 40 | €11,381 | €9,796 | -€1,585 | -13.9% |
| Other amounts receivable | 41 | €1,292 | €3,259 | +€1,967 | +152% |
| Cash at bank and in hand | 54/58 | €33,631 | €15,724 | -€17,907 | -53.2% |
| Deferred charges and accrued income | 490/1 | €4,142 | - | -€4,142 | |
| Total equity and liabilities | 10/49 | €79,893 | €139,910 | +€60,017 | +75.1% |
| Equity | 10/15 | €79,467 | €62,490 | -€16,977 | -21.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €55,467 | €38,490 | -€16,977 | -30.6% |
| Non-distributable reserves | 130/1 | €2,400 | - | -€2,400 | |
| Reserves not available under the articles | 1311 | €2,400 | - | -€2,400 | |
| Distributable reserves | 133 | €53,067 | €38,490 | -€14,577 | -27.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €426 | €77,420 | +€76,994 | +18,084% |
| Amounts payable within one year | 42/48 | €426 | €77,420 | +€76,994 | +18,084% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €99 | €26,930 | +€26,831 | +27,187% |
| Suppliers | 440/4 | €99 | €26,930 | +€26,831 | +27,187% |
| Taxes, remuneration and social security | 45 | - | €142 | +€142 | |
| Taxes | 450/3 | - | €142 | +€142 | |
| Other amounts payable | 47/48 | €327 | €50,348 | +€50,021 | +15,294% |
| Remuneration, social security and pensions | 62 | €786 | - | -€786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,183 | - | -€4,183 | |
| Other operating charges | 640/8 | €7,128 | €6,537 | -€591 | -8.3% |
| Gross operating margin | 9900 | €308 | -€10,298 | -€10,606 | |
| Operating profit (loss) | 9901 | -€11,789 | -€16,835 | -€5,046 | -42.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €118 | - | -€118 | |
| Recurring financial charges | 65 | €118 | - | -€118 | |
| Profit (loss) for the period before taxes | 9903 | -€11,907 | -€16,835 | -€4,928 | -41.4% |
| Income taxes | 67/77 | €291 | €142 | -€149 | -51.2% |
| Profit (loss) for the period | 9904 | -€12,198 | -€16,977 | -€4,779 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,198 | -€16,977 | -€4,779 | -39.2% |
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 13 October 2026 via checked.be.