GEVANCA: 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.
GEVANCA
Largest movements
- Current investments +€150,000
up €150,000 (+28.6%), from €525,000 to €675,000
- Receivables within one year +€121,299
up €121,299 (+43.1%), from €281,488 to €402,787
of which Other amounts receivable: +€123,114
- Tangible fixed assets -€62,573
down €62,573 (-25.6%), from €244,794 to €182,221
- Profit (loss) carried forward +€126,890
up €126,890 (+15.3%), from €828,022 to €954,912
- Current portion of long-term debt +€75,000
up €75,000 (+33.3%), from €225,000 to €300,000
- Gross operating margin +€58,001
up €58,001 (+24.0%), from €241,286 to €299,287
- Depreciation +€16,118
up €16,118 (+34.7%), from €46,455 to €62,573
- Taxes +€8,872
up €8,872 (+30.0%), from €29,591 to €38,463
- Financial charges +€6,541
up €6,541 (+999%), from €655 to €7,196
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,116,337 | €1,327,983 | +€211,646 | +19.0% |
| Fixed assets | 21/28 | €244,794 | €182,221 | -€62,573 | -25.6% |
| Tangible fixed assets | 22/27 | €244,794 | €182,221 | -€62,573 | -25.6% |
| Furniture and vehicles | 24 | €244,794 | €182,221 | -€62,573 | -25.6% |
| Current assets | 29/58 | €871,543 | €1,145,762 | +€274,219 | +31.5% |
| Amounts receivable within one year | 40/41 | €281,488 | €402,787 | +€121,299 | +43.1% |
| Trade receivables | 40 | €32,065 | €30,250 | -€1,815 | -5.7% |
| Other amounts receivable | 41 | €249,423 | €372,537 | +€123,114 | +49.4% |
| Current investments | 50/53 | €525,000 | €675,000 | +€150,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €59,422 | €59,361 | -€61 | -0.1% |
| Deferred charges and accrued income | 490/1 | €5,634 | €8,614 | +€2,980 | +52.9% |
| Total equity and liabilities | 10/49 | €1,116,337 | €1,327,983 | +€211,646 | +19.0% |
| Equity | 10/15 | €852,288 | €979,178 | +€126,890 | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,266 | €4,266 | = | 0.0% |
| Distributable reserves | 133 | €4,266 | €4,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | €828,022 | €954,912 | +€126,890 | +15.3% |
| Amounts payable | 17/49 | €264,049 | €348,805 | +€84,756 | +32.1% |
| Amounts payable within one year | 42/48 | €263,252 | €347,529 | +€84,276 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €225,000 | €300,000 | +€75,000 | +33.3% |
| Trade debts | 44 | €4,075 | €3,674 | -€400 | -9.8% |
| Suppliers | 440/4 | €4,075 | €3,674 | -€400 | -9.8% |
| Taxes, remuneration and social security | 45 | €30,536 | €30,425 | -€111 | -0.4% |
| Taxes | 450/3 | €15,832 | €15,216 | -€615 | -3.9% |
| Remuneration and social security | 454/9 | €14,704 | €15,208 | +€504 | +3.4% |
| Other amounts payable | 47/48 | €3,642 | €13,430 | +€9,788 | +269% |
| Accrued charges and deferred income | 492/3 | €797 | €1,276 | +€479 | +60.2% |
| Remuneration, social security and pensions | 62 | €67,608 | €70,466 | +€2,857 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,455 | €62,573 | +€16,118 | +34.7% |
| Other operating charges | 640/8 | €1,254 | €1,344 | +€90 | +7.2% |
| Gross operating margin | 9900 | €241,286 | €299,287 | +€58,001 | +24.0% |
| Operating profit (loss) | 9901 | €125,969 | €164,904 | +€38,935 | +30.9% |
| Financial income | 75/76B | €6,590 | €7,646 | +€1,056 | +16.0% |
| Recurring financial income | 75 | €6,590 | €7,646 | +€1,056 | +16.0% |
| Financial charges | 65/66B | €655 | €7,196 | +€6,541 | +999% |
| Recurring financial charges | 65 | €655 | €7,196 | +€6,541 | +999% |
| Profit (loss) for the period before taxes | 9903 | €131,904 | €165,353 | +€33,450 | +25.4% |
| Income taxes | 67/77 | €29,591 | €38,463 | +€8,872 | +30.0% |
| Profit (loss) for the period | 9904 | €102,313 | €126,890 | +€24,577 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,313 | €126,890 | +€24,577 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.