GEVAFISC: 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.
GEVAFISC
Largest movements
- Cash +€18,612
up €18,612 (+71.6%), from €25,978 to €44,589
mainly Net result for the year (+€51,336) and Depreciation (+€13,294)
- Tangible fixed assets -€13,294
down €13,294 (-41.3%), from €32,203 to €18,909
of which Furniture and vehicles: -€12,622
- Other debts -€33,715
down €33,715 (-51.3%), from €65,714 to €31,999
- Reserves +€30,000
up €30,000 (+29.4%), from €102,000 to €132,000
- Profit (loss) carried forward +€19,670
up €19,670 (+14.0%), from €140,671 to €160,341
- Debts after one year -€12,656
down €12,656 (-7.4%), from €171,605 to €158,949
- Gross operating margin +€24,576
up €24,576 (+35.4%), from €69,375 to €93,951
- Taxes +€6,082
up €6,082 (+34.9%), from €17,423 to €23,504
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 | €525,252 | €529,023 | +€3,772 | +0.7% |
| Fixed assets | 21/28 | €431,783 | €418,489 | -€13,294 | -3.1% |
| Tangible fixed assets | 22/27 | €32,203 | €18,909 | -€13,294 | -41.3% |
| Furniture and vehicles | 24 | €29,516 | €16,894 | -€12,622 | -42.8% |
| Other tangible fixed assets | 26 | €2,687 | €2,015 | -€672 | -25.0% |
| Financial fixed assets | 28 | €399,580 | €399,580 | = | 0.0% |
| Current assets | 29/58 | €93,469 | €110,534 | +€17,066 | +18.3% |
| Amounts receivable within one year | 40/41 | €27,491 | €25,072 | -€2,419 | -8.8% |
| Trade receivables | 40 | €24,632 | €25,072 | +€440 | +1.8% |
| Other amounts receivable | 41 | €2,859 | - | -€2,859 | |
| Current investments | 50/53 | €40,000 | €40,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,978 | €44,589 | +€18,612 | +71.6% |
| Deferred charges and accrued income | 490/1 | - | €873 | +€873 | |
| Total equity and liabilities | 10/49 | €525,252 | €529,023 | +€3,772 | +0.7% |
| Equity | 10/15 | €262,671 | €312,341 | +€49,670 | +18.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €132,000 | +€30,000 | +29.4% |
| Distributable reserves | 133 | €102,000 | €132,000 | +€30,000 | +29.4% |
| Profit (loss) carried forward | 14 | €140,671 | €160,341 | +€19,670 | +14.0% |
| Amounts payable | 17/49 | €262,580 | €216,682 | -€45,898 | -17.5% |
| Amounts payable after more than one year | 17 | €171,605 | €158,949 | -€12,656 | -7.4% |
| Financial debts | 170/4 | €171,605 | €158,949 | -€12,656 | -7.4% |
| Amounts payable within one year | 42/48 | €85,874 | €53,039 | -€32,835 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €12,528 | €12,656 | +€128 | +1.0% |
| Trade debts | 44 | €795 | €463 | -€333 | -41.8% |
| Suppliers | 440/4 | €795 | €463 | -€333 | -41.8% |
| Taxes, remuneration and social security | 45 | €6,836 | €7,921 | +€1,085 | +15.9% |
| Taxes | 450/3 | €6,836 | €7,921 | +€1,085 | +15.9% |
| Other amounts payable | 47/48 | €65,714 | €31,999 | -€33,715 | -51.3% |
| Accrued charges and deferred income | 492/3 | €5,101 | €4,694 | -€407 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,294 | €13,294 | = | 0.0% |
| Other operating charges | 640/8 | €613 | €668 | +€54 | +8.9% |
| Gross operating margin | 9900 | €69,375 | €93,951 | +€24,576 | +35.4% |
| Operating profit (loss) | 9901 | €55,467 | €79,989 | +€24,522 | +44.2% |
| Financial income | 75/76B | €938 | €612 | -€326 | -34.8% |
| Recurring financial income | 75 | €938 | €612 | -€326 | -34.8% |
| Financial charges | 65/66B | €6,393 | €5,760 | -€633 | -9.9% |
| Recurring financial charges | 65 | €6,393 | €5,760 | -€633 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €50,011 | €74,840 | +€24,829 | +49.6% |
| Income taxes | 67/77 | €17,423 | €23,504 | +€6,082 | +34.9% |
| Profit (loss) for the period | 9904 | €32,589 | €51,336 | +€18,747 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,589 | €51,336 | +€18,747 | +57.5% |
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 6 October 2026 via checked.be.