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 -€118,834
down €118,834 (-45.6%), from €260,568 to €141,734
- Cash -€51,299
down €51,299 (-35.8%), from €143,300 to €92,001
mainly Other debts (-€158,787) and Trade debts (-€8,396)
- Receivables within one year +€6,671
up €6,671 (+45.3%), from €14,721 to €21,392
of which Trade receivables: +€4,509
- Other debts -€158,787
down €158,787 (-79.3%), from €200,189 to €41,401
- Trade debts -€8,396
down €8,396 (-97.6%), from €8,601 to €205
- Reserves +€4,707
up €4,707 (+2.5%), from €191,752 to €196,459
- Gross operating margin +€31,523
up €31,523, from -€23,461 to €8,062
- Taxes +€460
up €460 (+129%), from €358 to €818
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,919 | €257,774 | -€163,145 | -38.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €420,919 | €257,774 | -€163,145 | -38.8% |
| Stocks and contracts in progress | 3 | €260,568 | €141,734 | -€118,834 | -45.6% |
| Stocks | 30/36 | €260,568 | €141,734 | -€118,834 | -45.6% |
| Amounts receivable within one year | 40/41 | €14,721 | €21,392 | +€6,671 | +45.3% |
| Trade receivables | 40 | €6,176 | €10,685 | +€4,509 | +73.0% |
| Other amounts receivable | 41 | €8,545 | €10,707 | +€2,162 | +25.3% |
| Cash at bank and in hand | 54/58 | €143,300 | €92,001 | -€51,299 | -35.8% |
| Deferred charges and accrued income | 490/1 | €2,330 | €2,647 | +€317 | +13.6% |
| Total equity and liabilities | 10/49 | €420,919 | €257,774 | -€163,145 | -38.8% |
| Equity | 10/15 | €210,344 | €215,051 | +€4,707 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €191,752 | €196,459 | +€4,707 | +2.5% |
| Distributable reserves | 133 | €191,752 | €196,459 | +€4,707 | +2.5% |
| Amounts payable | 17/49 | €210,574 | €42,722 | -€167,852 | -79.7% |
| Amounts payable within one year | 42/48 | €209,458 | €41,606 | -€167,852 | -80.1% |
| Trade debts | 44 | €8,601 | €205 | -€8,396 | -97.6% |
| Suppliers | 440/4 | €8,601 | €205 | -€8,396 | -97.6% |
| Taxes, remuneration and social security | 45 | €669 | €0 | -€669 | -100% |
| Taxes | 450/3 | €669 | €0 | -€669 | -100% |
| Other amounts payable | 47/48 | €200,189 | €41,401 | -€158,787 | -79.3% |
| Accrued charges and deferred income | 492/3 | €1,116 | €1,116 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,316 | €2,269 | -€47 | -2.0% |
| Gross operating margin | 9900 | -€23,461 | €8,062 | +€31,523 | |
| Operating profit (loss) | 9901 | -€25,777 | €5,793 | +€31,570 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €260 | €269 | +€9 | +3.4% |
| Recurring financial charges | 65 | €260 | €269 | +€9 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,036 | €5,525 | +€31,561 | |
| Income taxes | 67/77 | €358 | €818 | +€460 | +129% |
| Profit (loss) for the period | 9904 | -€26,394 | €4,707 | +€31,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,394 | €4,707 | +€31,101 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.