gevabo: 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.
gevabo
Largest movements
- Tangible fixed assets +€25,251
up €25,251 (+30.4%), from €83,155 to €108,405
of which Furniture and vehicles: +€26,833
- Cash -€24,275
down €24,275 (-75.7%), from €32,069 to €7,794
mainly Investment in fixed assets (net) (-€28,244) and Receivables within one year (-€6,037)
- Receivables within one year +€6,037
up €6,037 (+464%), from €1,301 to €7,338
of which Other amounts receivable: +€4,686
- Reserves +€18,176
up €18,176 (+21.6%), from €84,289 to €102,465
- Trade debts -€4,989
down €4,989 (-75.9%), from €6,575 to €1,586
- Accrued charges and deferred income -€4,405
down €4,405 (-80.4%), from €5,480 to €1,075
- Tax, wage and social debts -€2,083
no longer reported in 2025 (was €2,083)
- Gross operating margin +€7,042
up €7,042 (+26.7%), from €26,361 to €33,403
- Taxes +€1,801
up €1,801 (+33.1%), from €5,434 to €7,234
- Depreciation +€724
up €724 (+31.9%), from €2,269 to €2,993
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 | €118,487 | €125,561 | +€7,075 | +6.0% |
| Fixed assets | 21/28 | €83,155 | €108,405 | +€25,251 | +30.4% |
| Tangible fixed assets | 22/27 | €83,155 | €108,405 | +€25,251 | +30.4% |
| Land and buildings | 22 | €82,659 | €81,227 | -€1,432 | -1.7% |
| Plant, machinery and equipment | 23 | €290 | €140 | -€150 | -51.7% |
| Furniture and vehicles | 24 | €205 | €27,038 | +€26,833 | +13,069% |
| Current assets | 29/58 | €35,332 | €17,156 | -€18,176 | -51.4% |
| Amounts receivable within one year | 40/41 | €1,301 | €7,338 | +€6,037 | +464% |
| Trade receivables | 40 | €1,301 | €2,651 | +€1,350 | +104% |
| Other amounts receivable | 41 | - | €4,686 | +€4,686 | |
| Cash at bank and in hand | 54/58 | €32,069 | €7,794 | -€24,275 | -75.7% |
| Deferred charges and accrued income | 490/1 | €1,963 | €2,024 | +€62 | +3.1% |
| Total equity and liabilities | 10/49 | €118,487 | €125,561 | +€7,075 | +6.0% |
| Equity | 10/15 | €102,881 | €121,057 | +€18,176 | +17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €84,289 | €102,465 | +€18,176 | +21.6% |
| Distributable reserves | 133 | €84,289 | €102,465 | +€18,176 | +21.6% |
| Amounts payable | 17/49 | €15,605 | €4,504 | -€11,101 | -71.1% |
| Amounts payable within one year | 42/48 | €10,125 | €3,429 | -€6,696 | -66.1% |
| Trade debts | 44 | €6,575 | €1,586 | -€4,989 | -75.9% |
| Suppliers | 440/4 | €6,575 | €1,586 | -€4,989 | -75.9% |
| Taxes, remuneration and social security | 45 | €2,083 | - | -€2,083 | |
| Taxes | 450/3 | €2,083 | - | -€2,083 | |
| Other amounts payable | 47/48 | €1,468 | €1,843 | +€375 | +25.6% |
| Accrued charges and deferred income | 492/3 | €5,480 | €1,075 | -€4,405 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,269 | €2,993 | +€724 | +31.9% |
| Other operating charges | 640/8 | €4,655 | €4,964 | +€309 | +6.6% |
| Gross operating margin | 9900 | €26,361 | €33,403 | +€7,042 | +26.7% |
| Operating profit (loss) | 9901 | €19,437 | €25,446 | +€6,009 | +30.9% |
| Financial income | 75/76B | €159 | €29 | -€131 | -82.0% |
| Recurring financial income | 75 | €159 | €29 | -€131 | -82.0% |
| Financial charges | 65/66B | €60 | €65 | +€5 | +7.8% |
| Recurring financial charges | 65 | €60 | €65 | +€5 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €19,536 | €25,410 | +€5,874 | +30.1% |
| Income taxes | 67/77 | €5,434 | €7,234 | +€1,801 | +33.1% |
| Profit (loss) for the period | 9904 | €14,102 | €18,176 | +€4,073 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,102 | €18,176 | +€4,073 | +28.9% |
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 27 October 2026 via checked.be.