GEVAGO: 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.
GEVAGO
Largest movements
- Cash +€45,967
up €45,967 (+27.2%), from €169,285 to €215,252
mainly Other debts (+€50,000) and Depreciation (+€34,748)
- Tangible fixed assets -€26,694
down €26,694 (-12.9%), from €206,988 to €180,294
- Receivables within one year +€22,262
up €22,262 (+82.1%), from €27,132 to €49,395
of which Other amounts receivable: +€24,333
- Receivables after one year -€13,919
down €13,919 (-11.3%), from €123,326 to €109,407
- Other debts +€50,000
new in 2025: €50,000
- Reserves -€30,000
down €30,000 (-14.6%), from €206,000 to €176,000
- Tax, wage and social debts +€8,051
up €8,051 (+43.5%), from €18,521 to €26,573
of which Taxes: +€6,135
- Turnover +€43,966
up €43,966 (+21.4%), from €205,076 to €249,042
- Gross operating margin +€26,975
up €26,975 (+35.4%), from €76,214 to €103,190
- Purchases and services +€18,635
up €18,635 (+10.8%), from €172,306 to €190,941
- Staff costs -€9,630
down €9,630 (-20.3%), from €47,358 to €37,729
- Taxes +€8,577
up €8,577 (+403%), from €2,129 to €10,706
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 | €752,237 | €777,819 | +€25,582 | +3.4% |
| Fixed assets | 21/28 | €223,977 | €194,329 | -€29,648 | -13.2% |
| Intangible fixed assets | 21 | €15,857 | €14,035 | -€1,823 | -11.5% |
| Tangible fixed assets | 22/27 | €206,988 | €180,294 | -€26,694 | -12.9% |
| Land and buildings | 22 | €178,678 | €165,457 | -€13,221 | -7.4% |
| Plant, machinery and equipment | 23 | €5,789 | €4,146 | -€1,644 | -28.4% |
| Furniture and vehicles | 24 | €19,582 | €8,920 | -€10,662 | -54.4% |
| Other tangible fixed assets | 26 | €2,938 | €1,771 | -€1,168 | -39.7% |
| Financial fixed assets | 28 | €1,131 | - | -€1,131 | |
| Current assets | 29/58 | €528,260 | €583,490 | +€55,230 | +10.5% |
| Amounts receivable after more than one year | 29 | €123,326 | €109,407 | -€13,919 | -11.3% |
| Other amounts receivable | 291 | €123,326 | €109,407 | -€13,919 | -11.3% |
| Amounts receivable within one year | 40/41 | €27,132 | €49,395 | +€22,262 | +82.1% |
| Trade receivables | 40 | €13,343 | €11,273 | -€2,070 | -15.5% |
| Other amounts receivable | 41 | €13,790 | €38,122 | +€24,333 | +176% |
| Current investments | 50/53 | €200,871 | €200,871 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169,285 | €215,252 | +€45,967 | +27.2% |
| Deferred charges and accrued income | 490/1 | €7,645 | €8,564 | +€920 | +12.0% |
| Total equity and liabilities | 10/49 | €752,237 | €777,819 | +€25,582 | +3.4% |
| Equity | 10/15 | €690,340 | €660,528 | -€29,811 | -4.3% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €206,000 | €176,000 | -€30,000 | -14.6% |
| Distributable reserves | 133 | €206,000 | €176,000 | -€30,000 | -14.6% |
| Profit (loss) carried forward | 14 | €437,340 | €437,528 | +€189 | 0.0% |
| Amounts payable | 17/49 | €61,897 | €117,291 | +€55,393 | +89.5% |
| Amounts payable within one year | 42/48 | €42,397 | €97,791 | +€55,393 | +131% |
| Trade debts | 44 | €23,876 | €21,218 | -€2,658 | -11.1% |
| Suppliers | 440/4 | €23,876 | €21,218 | -€2,658 | -11.1% |
| Taxes, remuneration and social security | 45 | €18,521 | €26,573 | +€8,051 | +43.5% |
| Taxes | 450/3 | €8,053 | €14,188 | +€6,135 | +76.2% |
| Remuneration and social security | 454/9 | €10,468 | €12,385 | +€1,917 | +18.3% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €19,500 | €19,500 | = | 0.0% |
| Turnover | 70 | €205,076 | €249,042 | +€43,966 | +21.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €172,306 | €190,941 | +€18,635 | +10.8% |
| Remuneration, social security and pensions | 62 | €47,358 | €37,729 | -€9,630 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,330 | €34,748 | +€2,419 | +7.5% |
| Other operating charges | 640/8 | €1,296 | €2,878 | +€1,582 | +122% |
| Gross operating margin | 9900 | €76,214 | €103,190 | +€26,975 | +35.4% |
| Operating profit (loss) | 9901 | -€4,770 | €27,835 | +€32,604 | |
| Financial income | 75/76B | €3,914 | €4,077 | +€163 | +4.2% |
| Recurring financial income | 75 | €3,914 | €4,077 | +€163 | +4.2% |
| Financial charges | 65/66B | €595 | €1,017 | +€422 | +70.9% |
| Recurring financial charges | 65 | €595 | €1,017 | +€422 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,451 | €30,895 | +€32,346 | |
| Income taxes | 67/77 | €2,129 | €10,706 | +€8,577 | +403% |
| Profit (loss) for the period | 9904 | -€3,580 | €20,189 | +€23,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,580 | €20,189 | +€23,769 |
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 20 October 2026 via checked.be.