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
- Receivables within one year +€35,058
up €35,058 (+22.5%), from €155,720 to €190,778
of which Trade receivables: +€35,058
- Deferred charges and accrued income +€21,608
up €21,608, from €0 to €21,608
- Other debts +€57,493
up €57,493 (+73.7%), from €77,974 to €135,467
- Tax, wage and social debts -€21,248
down €21,248 (-75.3%), from €28,204 to €6,955
of which Remuneration and social security: -€24,344
- Trade debts +€17,377
up €17,377 (+198%), from €8,765 to €26,142
- Reserves +€3,242
up €3,242 (+36.3%), from €8,942 to €12,184
No income-statement line moved by more than 1% of the activity.
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 | €156,085 | €212,948 | +€56,863 | +36.4% |
| Current assets | 29/58 | €156,085 | €212,948 | +€56,863 | +36.4% |
| Amounts receivable within one year | 40/41 | €155,720 | €190,778 | +€35,058 | +22.5% |
| Trade receivables | 40 | €155,298 | €190,356 | +€35,058 | +22.6% |
| Other amounts receivable | 41 | €422 | €422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €365 | €562 | +€197 | +54.0% |
| Deferred charges and accrued income | 490/1 | €0 | €21,608 | +€21,608 | |
| Total equity and liabilities | 10/49 | €156,085 | €212,948 | +€56,863 | +36.4% |
| Equity | 10/15 | €21,142 | €24,384 | +€3,242 | +15.3% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €8,942 | €12,184 | +€3,242 | +36.3% |
| Distributable reserves | 133 | €8,942 | €12,184 | +€3,242 | +36.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €134,943 | €188,564 | +€53,621 | +39.7% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,943 | €168,564 | +€53,621 | +46.6% |
| Trade debts | 44 | €8,765 | €26,142 | +€17,377 | +198% |
| Suppliers | 440/4 | €8,765 | €26,142 | +€17,377 | +198% |
| Taxes, remuneration and social security | 45 | €28,204 | €6,955 | -€21,248 | -75.3% |
| Taxes | 450/3 | €2,131 | €5,226 | +€3,095 | +145% |
| Remuneration and social security | 454/9 | €26,073 | €1,729 | -€24,344 | -93.4% |
| Other amounts payable | 47/48 | €77,974 | €135,467 | +€57,493 | +73.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €248,518 | €249,151 | +€633 | +0.3% |
| Other operating charges | 640/8 | €534 | €549 | +€15 | +2.8% |
| Gross operating margin | 9900 | €253,444 | €253,047 | -€397 | -0.2% |
| Operating profit (loss) | 9901 | €4,392 | €3,347 | -€1,044 | -23.8% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €440 | €105 | -€335 | -76.1% |
| Recurring financial charges | 65 | €440 | €105 | -€335 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €3,959 | €3,242 | -€716 | -18.1% |
| Profit (loss) for the period | 9904 | €3,959 | €3,242 | -€716 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,959 | €3,242 | -€716 | -18.1% |
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.