GEVAMI: 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.
GEVAMI
Largest movements
- Cash -€121,806
down €121,806 (-73.3%), from €166,186 to €44,380
mainly Other debts (-€83,246) and Contributions, distributions and other (-€62,624)
- Receivables within one year +€51,045
up €51,045 (+253.5%), from €20,134 to €71,180
of which Other amounts receivable: +€53,973
- Tangible fixed assets -€41,232
down €41,232 (-14.9%), from €276,752 to €235,520
of which Land and buildings: -€30,877
- Current investments -€35,984
down €35,984 (-42.0%), from €85,695 to €49,711
- Other debts -€83,246
down €83,246 (-57.1%), from €145,871 to €62,624
- Reserves -€40,837
down €40,837 (-11.5%), from €353,909 to €313,072
- Tax, wage and social debts -€9,609
down €9,609 (-51.1%), from €18,786 to €9,177
of which Taxes: -€9,609
- Current portion of long-term debt -€8,063
down €8,063 (-74.7%), from €10,792 to €2,729
- Gross operating margin -€38,379
down €38,379 (-32.8%), from €116,997 to €78,618
- Taxes -€9,157
down €9,157 (-45.9%), from €19,937 to €10,780
- Financial income +€1,759
up €1,759 (+355.4%), from €495 to €2,254
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 | €548,767 | €402,753 | -€146,014 | -26.6% |
| Fixed assets | 21/28 | €276,752 | €235,520 | -€41,232 | -14.9% |
| Tangible fixed assets | 22/27 | €276,752 | €235,520 | -€41,232 | -14.9% |
| Land and buildings | 22 | €231,671 | €200,793 | -€30,877 | -13.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €45,081 | €34,726 | -€10,355 | -23.0% |
| Current assets | 29/58 | €272,016 | €167,234 | -€104,782 | -38.5% |
| Amounts receivable within one year | 40/41 | €20,134 | €71,180 | +€51,045 | +253.5% |
| Trade receivables | 40 | €20,134 | €17,206 | -€2,928 | -14.5% |
| Other amounts receivable | 41 | - | €53,973 | +€53,973 | |
| Current investments | 50/53 | €85,695 | €49,711 | -€35,984 | -42.0% |
| Cash at bank and in hand | 54/58 | €166,186 | €44,380 | -€121,806 | -73.3% |
| Deferred charges and accrued income | 490/1 | - | €1,963 | +€1,963 | |
| Total equity and liabilities | 10/49 | €548,767 | €402,753 | -€146,014 | -26.6% |
| Equity | 10/15 | €366,371 | €325,534 | -€40,837 | -11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €353,909 | €313,072 | -€40,837 | -11.5% |
| Distributable reserves | 133 | €353,909 | €313,072 | -€40,837 | -11.5% |
| Profit (loss) carried forward | 14 | €62 | €62 | = | 0.0% |
| Amounts payable | 17/49 | €182,397 | €77,219 | -€105,177 | -57.7% |
| Amounts payable after more than one year | 17 | €2,729 | €0 | -€2,729 | -100.0% |
| Financial debts | 170/4 | €2,729 | €0 | -€2,729 | -100.0% |
| Amounts payable within one year | 42/48 | €179,668 | €77,219 | -€102,448 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €10,792 | €2,729 | -€8,063 | -74.7% |
| Trade debts | 44 | €4,219 | €2,689 | -€1,530 | -36.3% |
| Suppliers | 440/4 | €4,219 | €2,689 | -€1,530 | -36.3% |
| Taxes, remuneration and social security | 45 | €18,786 | €9,177 | -€9,609 | -51.1% |
| Taxes | 450/3 | €18,786 | €9,177 | -€9,609 | -51.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €145,871 | €62,624 | -€83,246 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,333 | €45,156 | -€177 | -0.4% |
| Other operating charges | 640/8 | €1,958 | €2,660 | +€702 | +35.8% |
| Gross operating margin | 9900 | €116,997 | €78,618 | -€38,379 | -32.8% |
| Operating profit (loss) | 9901 | €69,706 | €30,802 | -€38,904 | -55.8% |
| Financial income | 75/76B | €495 | €2,254 | +€1,759 | +355.4% |
| Recurring financial income | 75 | €495 | €2,254 | +€1,759 | +355.4% |
| Financial charges | 65/66B | €543 | €488 | -€55 | -10.1% |
| Recurring financial charges | 65 | €543 | €488 | -€55 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €69,658 | €32,567 | -€37,090 | -53.2% |
| Income taxes | 67/77 | €19,937 | €10,780 | -€9,157 | -45.9% |
| Profit (loss) for the period | 9904 | €49,721 | €21,787 | -€27,934 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,721 | €21,787 | -€27,934 | -56.2% |
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.