GEVAHOY: what changed
GEVAHOY
Largest movements
- Tangible fixed assets -€12,571
down €12,571 (-39.8%), from €31,599 to €19,028
of which Furniture and vehicles: -€14,286
- Receivables within one year +€11,720
up €11,720 (+26.0%), from €45,109 to €56,829
of which Other amounts receivable: +€11,222
- Cash +€3,895
up €3,895 (+80.3%), from €4,851 to €8,746
mainly Other debts (+€48,219) and Net result for the year (+€23,859)
- Other debts +€48,219
new in 2026: €48,219
- Reserves -€24,360
down €24,360 (-41.3%), from €58,989 to €34,629
- Debts after one year -€15,461
down €15,461 (-93.9%), from €16,470 to €1,009
- Current portion of long-term debt -€6,986
down €6,986 (-31.1%), from €22,447 to €15,461
- Tax, wage and social debts +€1,542
up €1,542 (+14.5%), from €10,611 to €12,152
- Gross operating margin +€7,198
up €7,198 (+17.6%), from €40,947 to €48,145
- Depreciation +€1,769
up €1,769 (+13.7%), from €12,878 to €14,647
- Taxes +€1,581
up €1,581 (+18.9%), from €8,349 to €9,930
- Other operating charges +€909
up €909 (+165%), from €551 to €1,460
- Financial income +€758
up €758 (+49.1%), from €1,545 to €2,303
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,394 | €115,438 | +€3,044 | +2.7% |
| Fixed assets | 21/28 | €62,433 | €49,863 | -€12,571 | -20.1% |
| Tangible fixed assets | 22/27 | €31,599 | €19,028 | -€12,571 | -39.8% |
| Plant, machinery and equipment | 23 | €175 | €1,890 | +€1,715 | +982% |
| Furniture and vehicles | 24 | €31,424 | €17,138 | -€14,286 | -45.5% |
| Financial fixed assets | 28 | €30,835 | €30,835 | = | 0.0% |
| Current assets | 29/58 | €49,961 | €65,575 | +€15,615 | +31.3% |
| Amounts receivable within one year | 40/41 | €45,109 | €56,829 | +€11,720 | +26.0% |
| Trade receivables | 40 | €11,333 | €11,831 | +€498 | +4.4% |
| Other amounts receivable | 41 | €33,777 | €44,999 | +€11,222 | +33.2% |
| Cash at bank and in hand | 54/58 | €4,851 | €8,746 | +€3,895 | +80.3% |
| Total equity and liabilities | 10/49 | €112,394 | €115,438 | +€3,044 | +2.7% |
| Equity | 10/15 | €60,989 | €36,629 | -€24,360 | -39.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €58,989 | €34,629 | -€24,360 | -41.3% |
| Distributable reserves | 133 | €58,989 | €34,629 | -€24,360 | -41.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,405 | €78,809 | +€27,404 | +53.3% |
| Amounts payable after more than one year | 17 | €16,470 | €1,009 | -€15,461 | -93.9% |
| Financial debts | 170/4 | €16,470 | €1,009 | -€15,461 | -93.9% |
| Amounts payable within one year | 42/48 | €34,935 | €77,800 | +€42,865 | +123% |
| Current portion of amounts payable after more than one year | 42 | €22,447 | €15,461 | -€6,986 | -31.1% |
| Trade debts | 44 | €1,877 | €1,967 | +€91 | +4.8% |
| Suppliers | 440/4 | €1,877 | €1,967 | +€91 | +4.8% |
| Taxes, remuneration and social security | 45 | €10,611 | €12,152 | +€1,542 | +14.5% |
| Taxes | 450/3 | €10,611 | €12,152 | +€1,542 | +14.5% |
| Other amounts payable | 47/48 | - | €48,219 | +€48,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,878 | €14,647 | +€1,769 | +13.7% |
| Other operating charges | 640/8 | €551 | €1,460 | +€909 | +165% |
| Gross operating margin | 9900 | €40,947 | €48,145 | +€7,198 | +17.6% |
| Operating profit (loss) | 9901 | €27,518 | €32,038 | +€4,520 | +16.4% |
| Financial income | 75/76B | €1,545 | €2,303 | +€758 | +49.1% |
| Recurring financial income | 75 | €1,545 | €2,303 | +€758 | +49.1% |
| Financial charges | 65/66B | €561 | €551 | -€9 | -1.7% |
| Recurring financial charges | 65 | €561 | €551 | -€9 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €28,501 | €33,789 | +€5,288 | +18.6% |
| Income taxes | 67/77 | €8,349 | €9,930 | +€1,581 | +18.9% |
| Profit (loss) for the period | 9904 | €20,152 | €23,859 | +€3,707 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,152 | €23,859 | +€3,707 | +18.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.