GEVAERT CONSULTING: 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.
GEVAERT CONSULTING
Largest movements
- Receivables within one year +€24,232
up €24,232 (+25.6%), from €94,818 to €119,050
of which Trade receivables: +€24,434
- Intangible fixed assets +€18,619
new in 2025: €18,619
- Cash -€7,036
down €7,036 (-28.8%), from €24,470 to €17,434
mainly Investment in fixed assets (net) (-€30,692) and Receivables within one year (-€24,232)
- Financial fixed assets +€6,250
up €6,250 (+16.7%), from €37,500 to €43,750
- Tangible fixed assets -€5,481
down €5,481 (-41.2%), from €13,287 to €7,806
- Reserves +€57,130
up €57,130 (+95.0%), from €60,160 to €117,290
- Other debts -€13,302
down €13,302 (-85.3%), from €15,603 to €2,301
- Current portion of long-term debt -€8,913
down €8,913 (-64.7%), from €13,769 to €4,856
- Trade debts +€8,735
up €8,735 (+33.7%), from €25,882 to €34,616
- Tax, wage and social debts -€7,992
down €7,992 (-41.7%), from €19,153 to €11,160
of which Taxes: -€6,300
- Gross operating margin +€13,914
up €13,914 (+16.5%), from €84,464 to €98,378
- Taxes +€5,350
up €5,350 (+30.5%), from €17,534 to €22,884
- Depreciation +€1,650
up €1,650 (+17.1%), from €9,654 to €11,304
- Other operating charges -€1,548
down €1,548 (-24.6%), from €6,292 to €4,744
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 | €170,075 | €206,678 | +€36,602 | +21.5% |
| Fixed assets | 21/28 | €50,787 | €70,175 | +€19,388 | +38.2% |
| Intangible fixed assets | 21 | - | €18,619 | +€18,619 | |
| Tangible fixed assets | 22/27 | €13,287 | €7,806 | -€5,481 | -41.2% |
| Furniture and vehicles | 24 | €13,287 | €7,806 | -€5,481 | -41.2% |
| Financial fixed assets | 28 | €37,500 | €43,750 | +€6,250 | +16.7% |
| Current assets | 29/58 | €119,288 | €136,502 | +€17,214 | +14.4% |
| Amounts receivable within one year | 40/41 | €94,818 | €119,050 | +€24,232 | +25.6% |
| Trade receivables | 40 | €92,347 | €116,781 | +€24,434 | +26.5% |
| Other amounts receivable | 41 | €2,471 | €2,268 | -€202 | -8.2% |
| Cash at bank and in hand | 54/58 | €24,470 | €17,434 | -€7,036 | -28.8% |
| Deferred charges and accrued income | 490/1 | - | €18 | +€18 | |
| Total equity and liabilities | 10/49 | €170,075 | €206,678 | +€36,602 | +21.5% |
| Equity | 10/15 | €76,360 | €133,490 | +€57,130 | +74.8% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €60,160 | €117,290 | +€57,130 | +95.0% |
| Distributable reserves | 133 | €60,160 | €117,290 | +€57,130 | +95.0% |
| Amounts payable | 17/49 | €93,715 | €73,188 | -€20,527 | -21.9% |
| Amounts payable after more than one year | 17 | €4,856 | - | -€4,856 | |
| Financial debts | 170/4 | €4,856 | - | -€4,856 | |
| Amounts payable within one year | 42/48 | €88,859 | €71,245 | -€17,614 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €13,769 | €4,856 | -€8,913 | -64.7% |
| Financial debts | 43 | €14,453 | €18,311 | +€3,858 | +26.7% |
| Credit institutions | 430/8 | €14,453 | €18,311 | +€3,858 | +26.7% |
| Trade debts | 44 | €25,882 | €34,616 | +€8,735 | +33.7% |
| Suppliers | 440/4 | €25,882 | €34,616 | +€8,735 | +33.7% |
| Taxes, remuneration and social security | 45 | €19,153 | €11,160 | -€7,992 | -41.7% |
| Taxes | 450/3 | €17,193 | €10,893 | -€6,300 | -36.6% |
| Remuneration and social security | 454/9 | €1,960 | €267 | -€1,693 | -86.4% |
| Other amounts payable | 47/48 | €15,603 | €2,301 | -€13,302 | -85.3% |
| Accrued charges and deferred income | 492/3 | - | €1,943 | +€1,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,654 | €11,304 | +€1,650 | +17.1% |
| Other operating charges | 640/8 | €6,292 | €4,744 | -€1,548 | -24.6% |
| Gross operating margin | 9900 | €84,464 | €98,378 | +€13,914 | +16.5% |
| Operating profit (loss) | 9901 | €68,518 | €82,331 | +€13,813 | +20.2% |
| Financial charges | 65/66B | €2,786 | €2,317 | -€468 | -16.8% |
| Recurring financial charges | 65 | €2,786 | €2,317 | -€468 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €65,732 | €80,013 | +€14,281 | +21.7% |
| Income taxes | 67/77 | €17,534 | €22,884 | +€5,350 | +30.5% |
| Profit (loss) for the period | 9904 | €48,198 | €57,130 | +€8,931 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,198 | €57,130 | +€8,931 | +18.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.