GEVANCO CONSULT: 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.
GEVANCO CONSULT
Largest movements
- Cash -€99,066
down €99,066 (-73.7%), from €134,378 to €35,312
mainly Contributions, distributions and other (-€161,768) and Other debts (-€36,932)
- Current investments +€36,000
up €36,000 (+28.4%), from €126,881 to €162,881
- Receivables within one year -€27,254
down €27,254 (-66.4%), from €41,046 to €13,792
of which Trade receivables: -€28,369
- Tangible fixed assets +€7,861
up €7,861 (+73.3%), from €10,723 to €18,584
- Reserves -€45,817
down €45,817 (-21.4%), from €214,010 to €168,193
- Other debts -€36,932
down €36,932 (-35.8%), from €103,086 to €66,153
- Tax, wage and social debts -€3,893
down €3,893 (-18.1%), from €21,485 to €17,592
of which Taxes: -€3,893
- Gross operating margin +€23,455
up €23,455 (+17.3%), from €135,523 to €158,979
- Taxes +€4,398
up €4,398 (+14.4%), from €30,487 to €34,885
- Depreciation +€3,283
up €3,283 (+68.9%), from €4,767 to €8,051
- Financial income -€3,061
down €3,061 (-78.0%), from €3,923 to €862
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 | €360,028 | €275,920 | -€84,108 | -23.4% |
| Fixed assets | 21/28 | €10,723 | €18,584 | +€7,861 | +73.3% |
| Tangible fixed assets | 22/27 | €10,723 | €18,584 | +€7,861 | +73.3% |
| Furniture and vehicles | 24 | €10,723 | €18,584 | +€7,861 | +73.3% |
| Current assets | 29/58 | €349,305 | €257,336 | -€91,970 | -26.3% |
| Amounts receivable after more than one year | 29 | €42,500 | €42,500 | = | 0.0% |
| Other amounts receivable | 291 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,046 | €13,792 | -€27,254 | -66.4% |
| Trade receivables | 40 | €41,046 | €12,677 | -€28,369 | -69.1% |
| Other amounts receivable | 41 | €0 | €1,115 | +€1,115 | |
| Current investments | 50/53 | €126,881 | €162,881 | +€36,000 | +28.4% |
| Cash at bank and in hand | 54/58 | €134,378 | €35,312 | -€99,066 | -73.7% |
| Deferred charges and accrued income | 490/1 | €4,500 | €2,851 | -€1,649 | -36.6% |
| Total equity and liabilities | 10/49 | €360,028 | €275,920 | -€84,108 | -23.4% |
| Equity | 10/15 | €232,610 | €186,793 | -€45,817 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,010 | €168,193 | -€45,817 | -21.4% |
| Distributable reserves | 133 | €214,010 | €168,193 | -€45,817 | -21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,418 | €89,126 | -€38,292 | -30.1% |
| Amounts payable within one year | 42/48 | €127,239 | €89,126 | -€38,113 | -30.0% |
| Trade debts | 44 | €2,669 | €5,381 | +€2,712 | +102% |
| Suppliers | 440/4 | €2,669 | €5,381 | +€2,712 | +102% |
| Taxes, remuneration and social security | 45 | €21,485 | €17,592 | -€3,893 | -18.1% |
| Taxes | 450/3 | €21,485 | €17,592 | -€3,893 | -18.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,086 | €66,153 | -€36,932 | -35.8% |
| Accrued charges and deferred income | 492/3 | €178 | €0 | -€178 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,767 | €8,051 | +€3,283 | +68.9% |
| Other operating charges | 640/8 | €558 | €583 | +€24 | +4.4% |
| Gross operating margin | 9900 | €135,523 | €158,979 | +€23,455 | +17.3% |
| Operating profit (loss) | 9901 | €130,198 | €150,345 | +€20,148 | +15.5% |
| Financial income | 75/76B | €3,923 | €862 | -€3,061 | -78.0% |
| Recurring financial income | 75 | €3,923 | €862 | -€3,061 | -78.0% |
| Financial charges | 65/66B | €548 | €371 | -€177 | -32.3% |
| Recurring financial charges | 65 | €548 | €371 | -€177 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €133,573 | €150,836 | +€17,263 | +12.9% |
| Income taxes | 67/77 | €30,487 | €34,885 | +€4,398 | +14.4% |
| Profit (loss) for the period | 9904 | €103,086 | €115,951 | +€12,865 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,086 | €115,951 | +€12,865 | +12.5% |
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 20 October 2026 via checked.be.