GEVAERT N.: 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 N.
Largest movements
- Cash +€39,539
up €39,539 (+127%), from €31,105 to €70,644
mainly Net result for the year (+€50,584) and Tax, wage and social debts (+€22,971)
- Tangible fixed assets -€12,293
down €12,293 (-24.6%), from €49,968 to €37,675
of which Leasing and similar rights: -€10,600
- Stocks and contracts -€4,485
down €4,485 (-19.5%), from €23,035 to €18,550
- Reserves +€40,000
up €40,000 (+94.9%), from €42,164 to €82,164
of which Distributable reserves: +€40,000
- Tax, wage and social debts +€22,971
up €22,971 (+124%), from €18,555 to €41,526
- Trade debts -€19,914
down €19,914 (-26.5%), from €75,112 to €55,198
- Profit (loss) carried forward -€14,416
down €14,416 (-33.2%), from €43,371 to €28,955
- Other debts +€6,224
up €6,224 (+28.3%), from €21,955 to €28,179
- Gross operating margin +€41,716
up €41,716 (+98.8%), from €42,224 to €83,940
- Taxes +€8,136
up €8,136 (+94.3%), from €8,629 to €16,765
- Other operating charges -€5,022
down €5,022 (-73.1%), from €6,869 to €1,847
- Write-downs +€4,755
no longer reported in 2025 (was -€4,755)
- Depreciation +€3,570
up €3,570 (+40.9%), from €8,723 to €12,293
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 | €256,339 | €283,682 | +€27,343 | +10.7% |
| Fixed assets | 21/28 | €50,083 | €39,790 | -€10,293 | -20.6% |
| Tangible fixed assets | 22/27 | €49,968 | €37,675 | -€12,293 | -24.6% |
| Furniture and vehicles | 24 | €1,538 | €623 | -€915 | -59.5% |
| Leasing and similar rights | 25 | €46,686 | €36,086 | -€10,600 | -22.7% |
| Other tangible fixed assets | 26 | €1,744 | €966 | -€778 | -44.6% |
| Financial fixed assets | 28 | €115 | €2,115 | +€2,000 | +1,739% |
| Current assets | 29/58 | €206,256 | €243,892 | +€37,636 | +18.2% |
| Stocks and contracts in progress | 3 | €23,035 | €18,550 | -€4,485 | -19.5% |
| Stocks | 30/36 | €23,035 | €18,550 | -€4,485 | -19.5% |
| Amounts receivable within one year | 40/41 | €151,886 | €154,530 | +€2,644 | +1.7% |
| Trade receivables | 40 | €151,886 | €148,506 | -€3,380 | -2.2% |
| Other amounts receivable | 41 | - | €6,024 | +€6,024 | |
| Cash at bank and in hand | 54/58 | €31,105 | €70,644 | +€39,539 | +127% |
| Deferred charges and accrued income | 490/1 | €231 | €168 | -€63 | -27.3% |
| Total equity and liabilities | 10/49 | €256,339 | €283,682 | +€27,343 | +10.7% |
| Equity | 10/15 | €104,135 | €129,719 | +€25,584 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,164 | €82,164 | +€40,000 | +94.9% |
| Non-distributable reserves | 130/1 | €164 | €164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €164 | €164 | = | 0.0% |
| Distributable reserves | 133 | €42,000 | €82,000 | +€40,000 | +95.2% |
| Profit (loss) carried forward | 14 | €43,371 | €28,955 | -€14,416 | -33.2% |
| Amounts payable | 17/49 | €152,204 | €153,963 | +€1,759 | +1.2% |
| Amounts payable after more than one year | 17 | €29,060 | €23,066 | -€5,994 | -20.6% |
| Financial debts | 170/4 | €29,060 | €23,066 | -€5,994 | -20.6% |
| Amounts payable within one year | 42/48 | €123,144 | €130,897 | +€7,753 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €5,722 | €5,994 | +€272 | +4.7% |
| Trade debts | 44 | €75,112 | €55,198 | -€19,914 | -26.5% |
| Suppliers | 440/4 | €75,112 | €55,198 | -€19,914 | -26.5% |
| Advances received on contracts in progress | 46 | €1,800 | - | -€1,800 | |
| Taxes, remuneration and social security | 45 | €18,555 | €41,526 | +€22,971 | +124% |
| Taxes | 450/3 | €18,555 | €41,526 | +€22,971 | +124% |
| Other amounts payable | 47/48 | €21,955 | €28,179 | +€6,224 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,723 | €12,293 | +€3,570 | +40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,755 | - | +€4,755 | |
| Other operating charges | 640/8 | €6,869 | €1,847 | -€5,022 | -73.1% |
| Gross operating margin | 9900 | €42,224 | €83,940 | +€41,716 | +98.8% |
| Operating profit (loss) | 9901 | €31,386 | €69,800 | +€38,414 | +122% |
| Financial income | 75/76B | €1,367 | €168 | -€1,199 | -87.7% |
| Recurring financial income | 75 | €1,367 | €168 | -€1,199 | -87.7% |
| Financial charges | 65/66B | €1,480 | €2,619 | +€1,140 | +77.0% |
| Recurring financial charges | 65 | €1,480 | €2,619 | +€1,140 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €31,274 | €67,349 | +€36,075 | +115% |
| Income taxes | 67/77 | €8,629 | €16,765 | +€8,136 | +94.3% |
| Profit (loss) for the period | 9904 | €22,644 | €50,584 | +€27,939 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €22,644 | €50,584 | +€27,939 | +123% |
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 18 October 2026 via checked.be.