GEVAHO: 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.
GEVAHO
Largest movements
- Cash +€81,653
up €81,653 (+98.2%), from €83,135 to €164,788
mainly Net result for the year (+€61,303) and Other debts (+€37,404)
- Tangible fixed assets -€36,443
down €36,443 (-10.2%), from €357,756 to €321,313
of which Land and buildings: -€26,315
- Current investments +€29,045
up €29,045 (+21.4%), from €135,696 to €164,741
- Receivables within one year -€15,800
down €15,800 (-39.2%), from €40,257 to €24,457
- Other debts +€37,404
up €37,404 (+188%), from €19,856 to €57,260
- Reserves +€29,303
up €29,303 (+9.5%), from €309,179 to €338,482
of which Distributable reserves: +€29,303
- Debts after one year -€19,618
down €19,618 (-8.1%), from €241,071 to €221,453
- Advances received +€8,510
up €8,510 (+164%), from €5,200 to €13,710
- Depreciation -€12,238
down €12,238 (-25.1%), from €48,681 to €36,443
- Financial income -€7,740
down €7,740 (-56.6%), from €13,685 to €5,946
- Gross operating margin -€6,866
down €6,866 (-5.3%), from €129,935 to €123,069
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 | €618,338 | €676,664 | +€58,326 | +9.4% |
| Fixed assets | 21/28 | €357,781 | €321,338 | -€36,443 | -10.2% |
| Tangible fixed assets | 22/27 | €357,756 | €321,313 | -€36,443 | -10.2% |
| Land and buildings | 22 | €319,970 | €293,656 | -€26,315 | -8.2% |
| Plant, machinery and equipment | 23 | €36,489 | €27,636 | -€8,853 | -24.3% |
| Furniture and vehicles | 24 | €1,297 | €21 | -€1,276 | -98.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €260,557 | €355,326 | +€94,769 | +36.4% |
| Amounts receivable within one year | 40/41 | €40,257 | €24,457 | -€15,800 | -39.2% |
| Trade receivables | 40 | €40,257 | €24,457 | -€15,800 | -39.2% |
| Current investments | 50/53 | €135,696 | €164,741 | +€29,045 | +21.4% |
| Cash at bank and in hand | 54/58 | €83,135 | €164,788 | +€81,653 | +98.2% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,339 | -€129 | -8.8% |
| Total equity and liabilities | 10/49 | €618,338 | €676,664 | +€58,326 | +9.4% |
| Equity | 10/15 | €315,379 | €344,682 | +€29,303 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €309,179 | €338,482 | +€29,303 | +9.5% |
| Tax-exempt reserves | 132 | €810 | €810 | = | 0.0% |
| Distributable reserves | 133 | €308,369 | €337,672 | +€29,303 | +9.5% |
| Amounts payable | 17/49 | €302,959 | €331,982 | +€29,023 | +9.6% |
| Amounts payable after more than one year | 17 | €241,071 | €221,453 | -€19,618 | -8.1% |
| Financial debts | 170/4 | €241,071 | €221,453 | -€19,618 | -8.1% |
| Amounts payable within one year | 42/48 | €60,709 | €109,460 | +€48,751 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €19,258 | €19,618 | +€359 | +1.9% |
| Trade debts | 44 | €6,522 | €8,287 | +€1,766 | +27.1% |
| Suppliers | 440/4 | €6,522 | €8,287 | +€1,766 | +27.1% |
| Advances received on contracts in progress | 46 | €5,200 | €13,710 | +€8,510 | +164% |
| Taxes, remuneration and social security | 45 | €9,873 | €10,585 | +€712 | +7.2% |
| Taxes | 450/3 | €4,778 | €10,585 | +€5,806 | +122% |
| Remuneration and social security | 454/9 | €5,095 | - | -€5,095 | |
| Other amounts payable | 47/48 | €19,856 | €57,260 | +€37,404 | +188% |
| Accrued charges and deferred income | 492/3 | €1,179 | €1,069 | -€110 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,681 | €36,443 | -€12,238 | -25.1% |
| Other operating charges | 640/8 | €3,851 | €3,391 | -€460 | -11.9% |
| Gross operating margin | 9900 | €129,935 | €123,069 | -€6,866 | -5.3% |
| Operating profit (loss) | 9901 | €77,403 | €83,235 | +€5,832 | +7.5% |
| Financial income | 75/76B | €13,685 | €5,946 | -€7,740 | -56.6% |
| Recurring financial income | 75 | €13,685 | €5,946 | -€7,740 | -56.6% |
| Financial charges | 65/66B | €5,468 | €4,910 | -€558 | -10.2% |
| Recurring financial charges | 65 | €5,468 | €4,910 | -€558 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €85,620 | €84,271 | -€1,349 | -1.6% |
| Income taxes | 67/77 | €21,756 | €22,968 | +€1,212 | +5.6% |
| Profit (loss) for the period | 9904 | €63,864 | €61,303 | -€2,561 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,864 | €61,303 | -€2,561 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.