GEVACO IMMO: 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.
GEVACO IMMO
Largest movements
- Cash -€11,126
down €11,126 (-24.3%), from €45,733 to €34,607
mainly Debts after one year (-€83,801) and Investment in fixed assets (net) (-€61,890)
- Debts after one year -€83,801
down €83,801 (-14.4%), from €581,735 to €497,935
- Reserves +€54,438
up €54,438 (+87.9%), from €61,898 to €116,335
of which Distributable reserves: +€101,335
- Current portion of long-term debt +€9,675
up €9,675 (+8.7%), from €111,600 to €121,275
- Staff costs -€14,606
down €14,606 (-10.3%), from €141,304 to €126,699
- Depreciation +€3,687
up €3,687 (+6.0%), from €61,000 to €64,687
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 | €930,028 | €914,049 | -€15,979 | -1.7% |
| Fixed assets | 21/28 | €863,202 | €860,405 | -€2,797 | -0.3% |
| Tangible fixed assets | 22/27 | €863,202 | €860,405 | -€2,797 | -0.3% |
| Land and buildings | 22 | €863,202 | €860,405 | -€2,797 | -0.3% |
| Current assets | 29/58 | €66,826 | €53,644 | -€13,182 | -19.7% |
| Amounts receivable after more than one year | 29 | - | €3,913 | +€3,913 | |
| Other amounts receivable | 291 | - | €3,913 | +€3,913 | |
| Amounts receivable within one year | 40/41 | €6,432 | €34 | -€6,398 | -99.5% |
| Other amounts receivable | 41 | €6,432 | €34 | -€6,398 | -99.5% |
| Cash at bank and in hand | 54/58 | €45,733 | €34,607 | -€11,126 | -24.3% |
| Deferred charges and accrued income | 490/1 | €14,661 | €15,090 | +€429 | +2.9% |
| Total equity and liabilities | 10/49 | €930,028 | €914,049 | -€15,979 | -1.7% |
| Equity | 10/15 | €211,898 | €266,335 | +€54,438 | +25.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €61,898 | €116,335 | +€54,438 | +87.9% |
| Non-distributable reserves | 130/1 | €61,898 | €15,000 | -€46,898 | -75.8% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Other | 1319 | €46,898 | - | -€46,898 | |
| Distributable reserves | 133 | - | €101,335 | +€101,335 | |
| Amounts payable | 17/49 | €718,130 | €647,713 | -€70,417 | -9.8% |
| Amounts payable after more than one year | 17 | €581,735 | €497,935 | -€83,801 | -14.4% |
| Financial debts | 170/4 | €581,735 | €497,935 | -€83,801 | -14.4% |
| Amounts payable within one year | 42/48 | €119,871 | €133,227 | +€13,356 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €111,600 | €121,275 | +€9,675 | +8.7% |
| Trade debts | 44 | - | €4,008 | +€4,008 | |
| Suppliers | 440/4 | - | €4,008 | +€4,008 | |
| Taxes, remuneration and social security | 45 | €8,271 | €7,944 | -€327 | -4.0% |
| Taxes | 450/3 | - | €7,944 | +€7,944 | |
| Remuneration and social security | 454/9 | €8,271 | - | -€8,271 | |
| Accrued charges and deferred income | 492/3 | €16,523 | €16,551 | +€28 | +0.2% |
| Remuneration, social security and pensions | 62 | €141,304 | €126,699 | -€14,606 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,000 | €64,687 | +€3,687 | +6.0% |
| Other operating charges | 640/8 | €15,231 | €15,603 | +€372 | +2.4% |
| Gross operating margin | 9900 | €304,808 | €302,991 | -€1,817 | -0.6% |
| Operating profit (loss) | 9901 | €87,272 | €96,002 | +€8,730 | +10.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €22,879 | €21,141 | -€1,738 | -7.6% |
| Recurring financial charges | 65 | €22,879 | €21,141 | -€1,738 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €64,394 | €74,861 | +€10,467 | +16.3% |
| Income taxes | 67/77 | €18,234 | €20,424 | +€2,190 | +12.0% |
| Profit (loss) for the period | 9904 | €46,161 | €54,438 | +€8,277 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,161 | €54,438 | +€8,277 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.