GEVAERT: what changed
Two fiscal 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.
GEVAERT
Largest movements
- Receivables within one year -€11,824
down €11,824 (-13.5%), from €87,349 to €75,525
of which Other amounts receivable: -€10,508
- Cash +€8,604
up €8,604 (+142.6%), from €6,032 to €14,636
mainly Net result for the year (+€13,079) and Receivables within one year (+€11,824)
- Tangible fixed assets -€1,954
down €1,954 (-5.2%), from €37,453 to €35,499
of which Land and buildings: -€1,890
- Tax, wage and social debts -€14,706
down €14,706 (-95.1%), from €15,456 to €750
- Reserves +€7,000
up €7,000 (+12.4%), from €56,627 to €63,627
of which Distributable reserves: +€7,000
- Profit (loss) carried forward +€6,079
up €6,079, from -€5,771 to €308
- Trade debts -€3,776
down €3,776 (-99.3%), from €3,801 to €25
- Gross operating margin +€13,177
up €13,177 (+522.1%), from €2,524 to €15,700
- Financial income -€2,591
down €2,591 (-59.1%), from €4,382 to €1,791
of which Financial income: -€2,591
- Taxes +€1,082
new in 2025: €1,082
- Other operating charges -€871
down €871 (-42.1%), from €2,068 to €1,197
- Depreciation -€624
down €624 (-24.2%), from €2,578 to €1,954
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.
Cash bridge derived
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 | €132,113 | €126,710 | -€5,402 | -4.1% |
| Fixed assets | 21/28 | €37,453 | €35,499 | -€1,954 | -5.2% |
| Tangible fixed assets | 22/27 | €37,453 | €35,499 | -€1,954 | -5.2% |
| Land and buildings | 22 | €37,302 | €35,413 | -€1,890 | -5.1% |
| Plant, machinery and equipment | 23 | €151 | €86 | -€65 | -42.8% |
| Current assets | 29/58 | €94,659 | €91,211 | -€3,448 | -3.6% |
| Amounts receivable within one year | 40/41 | €87,349 | €75,525 | -€11,824 | -13.5% |
| Trade receivables | 40 | €1,316 | - | -€1,316 | |
| Other amounts receivable | 41 | €86,033 | €75,525 | -€10,508 | -12.2% |
| Cash at bank and in hand | 54/58 | €6,032 | €14,636 | +€8,604 | +142.6% |
| Deferred charges and accrued income | 490/1 | €1,279 | €1,050 | -€228 | -17.9% |
| Total equity and liabilities | 10/49 | €132,113 | €126,710 | -€5,402 | -4.1% |
| Equity | 10/15 | €112,856 | €125,935 | +€13,079 | +11.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €56,627 | €63,627 | +€7,000 | +12.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €50,427 | €57,427 | +€7,000 | +13.9% |
| Profit (loss) carried forward | 14 | -€5,771 | €308 | +€6,079 | |
| Amounts payable | 17/49 | €19,257 | €775 | -€18,481 | -96.0% |
| Amounts payable within one year | 42/48 | €19,257 | €775 | -€18,481 | -96.0% |
| Trade debts | 44 | €3,801 | €25 | -€3,776 | -99.3% |
| Suppliers | 440/4 | €3,801 | €25 | -€3,776 | -99.3% |
| Taxes, remuneration and social security | 45 | €15,456 | €750 | -€14,706 | -95.1% |
| Taxes | 450/3 | €15,456 | €750 | -€14,706 | -95.1% |
| Non-recurring operating income | 76A | €2,263 | €22,831 | +€20,568 | +908.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €1,954 | -€624 | -24.2% |
| Other operating charges | 640/8 | €2,068 | €1,197 | -€871 | -42.1% |
| Gross operating margin | 9900 | €2,524 | €15,700 | +€13,177 | +522.1% |
| Operating profit (loss) | 9901 | -€2,122 | €12,549 | +€14,671 | |
| Financial income | 75/76B | €4,382 | €1,791 | -€2,591 | -59.1% |
| Recurring financial income | 75 | €4,382 | €1,791 | -€2,591 | -59.1% |
| Non-recurring financial income | 76B | - | €1,791 | +€1,791 | |
| Financial charges | 65/66B | €83 | €179 | +€96 | +115.4% |
| Recurring financial charges | 65 | €83 | €179 | +€96 | +115.4% |
| Non-recurring financial charges | 66B | €83 | €179 | +€96 | +115.4% |
| Profit (loss) for the period before taxes | 9903 | €2,177 | €14,161 | +€11,985 | +550.5% |
| Income taxes | 67/77 | - | €1,082 | +€1,082 | |
| Profit (loss) for the period | 9904 | €2,177 | €13,079 | +€10,902 | +500.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,177 | €13,079 | +€10,902 | +500.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.