GEVA WERKEN: 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 WERKEN
Largest movements
- Receivables within one year -€245,986
down €245,986 (-28.2%), from €872,767 to €626,781
of which Trade receivables: -€299,063
- Cash +€223,034
up €223,034 (+263%), from €84,853 to €307,887
mainly Receivables within one year (+€245,986) and Depreciation (+€34,938)
- Tangible fixed assets -€30,470
down €30,470 (-19.0%), from €160,248 to €129,778
of which Leasing and similar rights: -€19,714
- Trade debts -€29,685
down €29,685 (-22.6%), from €131,064 to €101,378
- Debts after one year -€15,731
down €15,731 (-100%), from €15,731 to €0
- Staff costs +€93,243
up €93,243 (+22.2%), from €420,193 to €513,436
- Taxes +€77,713
up €77,713 (+29,296%), from €265 to €77,978
- Gross operating margin +€35,531
up €35,531 (+5.8%), from €607,439 to €642,970
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 | €1,195,127 | €1,138,950 | -€56,177 | -4.7% |
| Fixed assets | 21/28 | €160,712 | €130,242 | -€30,470 | -19.0% |
| Tangible fixed assets | 22/27 | €160,248 | €129,778 | -€30,470 | -19.0% |
| Land and buildings | 22 | €101,448 | €99,589 | -€1,859 | -1.8% |
| Plant, machinery and equipment | 23 | €5,964 | €4,502 | -€1,462 | -24.5% |
| Furniture and vehicles | 24 | €33,122 | €25,687 | -€7,435 | -22.4% |
| Leasing and similar rights | 25 | €19,714 | €0 | -€19,714 | -100% |
| Financial fixed assets | 28 | €464 | €464 | = | 0.0% |
| Current assets | 29/58 | €1,034,415 | €1,008,708 | -€25,707 | -2.5% |
| Stocks and contracts in progress | 3 | €76,795 | €74,040 | -€2,755 | -3.6% |
| Stocks | 30/36 | €51,787 | €52,352 | +€565 | +1.1% |
| Contracts in progress | 37 | €25,008 | €21,688 | -€3,320 | -13.3% |
| Amounts receivable within one year | 40/41 | €872,767 | €626,781 | -€245,986 | -28.2% |
| Trade receivables | 40 | €834,053 | €534,990 | -€299,063 | -35.9% |
| Other amounts receivable | 41 | €38,714 | €91,791 | +€53,077 | +137% |
| Cash at bank and in hand | 54/58 | €84,853 | €307,887 | +€223,034 | +263% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,195,127 | €1,138,950 | -€56,177 | -4.7% |
| Equity | 10/15 | €896,578 | €894,735 | -€1,842 | -0.2% |
| Contributions | 10/11 | €545,400 | €545,400 | = | 0.0% |
| Capital | 10 | €545,400 | €545,400 | = | 0.0% |
| Issued capital | 100 | €545,400 | €545,400 | = | 0.0% |
| Reserves | 13 | €351,178 | €349,335 | -€1,842 | -0.5% |
| Non-distributable reserves | 130/1 | €54,540 | €54,540 | = | 0.0% |
| Legal reserve | 130 | €54,540 | €54,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,200 | €10,279 | -€921 | -8.2% |
| Distributable reserves | 133 | €285,438 | €284,516 | -€921 | -0.3% |
| Provisions and deferred taxes | 16 | €3,733 | €3,426 | -€307 | -8.2% |
| Deferred taxes | 168 | €3,733 | €3,426 | -€307 | -8.2% |
| Amounts payable | 17/49 | €294,817 | €240,788 | -€54,028 | -18.3% |
| Amounts payable after more than one year | 17 | €15,731 | €0 | -€15,731 | -100% |
| Financial debts | 170/4 | €15,731 | €0 | -€15,731 | -100% |
| Amounts payable within one year | 42/48 | €279,086 | €240,788 | -€38,298 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €23,675 | €15,731 | -€7,945 | -33.6% |
| Trade debts | 44 | €131,064 | €101,378 | -€29,685 | -22.6% |
| Suppliers | 440/4 | €131,064 | €101,378 | -€29,685 | -22.6% |
| Taxes, remuneration and social security | 45 | €124,347 | €123,680 | -€668 | -0.5% |
| Taxes | 450/3 | €71,856 | €50,992 | -€20,864 | -29.0% |
| Remuneration and social security | 454/9 | €52,491 | €72,687 | +€20,197 | +38.5% |
| Remuneration, social security and pensions | 62 | €420,193 | €513,436 | +€93,243 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,664 | €34,938 | +€2,274 | +7.0% |
| Other operating charges | 640/8 | €27,938 | €22,433 | -€5,505 | -19.7% |
| Gross operating margin | 9900 | €607,439 | €642,970 | +€35,531 | +5.8% |
| Operating profit (loss) | 9901 | €126,644 | €72,163 | -€54,481 | -43.0% |
| Financial income | 75/76B | €4,627 | €5,090 | +€463 | +10.0% |
| Recurring financial income | 75 | €4,627 | €5,090 | +€463 | +10.0% |
| Financial charges | 65/66B | €2,664 | €1,425 | -€1,239 | -46.5% |
| Recurring financial charges | 65 | €2,664 | €1,425 | -€1,239 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €128,608 | €75,829 | -€52,779 | -41.0% |
| Transfer from deferred taxes | 780 | €307 | €307 | = | 0.0% |
| Income taxes | 67/77 | €265 | €77,978 | +€77,713 | +29,296% |
| Profit (loss) for the period | 9904 | €128,649 | -€1,842 | -€130,492 | |
| Transfer from tax-exempt reserves | 789 | €921 | €921 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,570 | -€921 | -€130,492 |
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 30 October 2026 via checked.be.