GEVANIM: 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.
GEVANIM
Largest movements
- Deferred charges and accrued income +€75,549
up €75,549 (+100%), from €75,497 to €151,046
- Receivables within one year +€16,736
up €16,736 (+8,506%), from €197 to €16,932
- Reserves +€73,321
up €73,321 (+7.3%), from €998,189 to €1.1m
of which Distributable reserves: +€73,321
- Gross operating margin +€6,593
up €6,593 (+5.3%), from €123,585 to €130,178
- Financial income -€2,875
down €2,875 (-44.6%), from €6,441 to €3,566
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 | €1,079,991 | €1,159,968 | +€79,977 | +7.4% |
| Fixed assets | 21/28 | €789,300 | €778,050 | -€11,250 | -1.4% |
| Tangible fixed assets | 22/27 | €789,300 | €778,050 | -€11,250 | -1.4% |
| Land and buildings | 22 | €789,300 | €778,050 | -€11,250 | -1.4% |
| Current assets | 29/58 | €290,692 | €381,919 | +€91,227 | +31.4% |
| Amounts receivable within one year | 40/41 | €197 | €16,932 | +€16,736 | +8,506% |
| Other amounts receivable | 41 | €197 | €16,932 | +€16,736 | +8,506% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,998 | €33,940 | -€1,058 | -3.0% |
| Deferred charges and accrued income | 490/1 | €75,497 | €151,046 | +€75,549 | +100% |
| Total equity and liabilities | 10/49 | €1,079,991 | €1,159,968 | +€79,977 | +7.4% |
| Equity | 10/15 | €1,070,216 | €1,143,537 | +€73,321 | +6.9% |
| Contributions | 10/11 | €72,027 | €72,027 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,027 | €10,027 | = | 0.0% |
| Share premium | 1100/10 | €10,027 | €10,027 | = | 0.0% |
| Reserves | 13 | €998,189 | €1,071,510 | +€73,321 | +7.3% |
| Non-distributable reserves | 130/1 | €45,763 | €45,763 | = | 0.0% |
| Legal reserve | 130 | €45,763 | €45,763 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,525 | €165,525 | = | 0.0% |
| Distributable reserves | 133 | €786,901 | €860,223 | +€73,321 | +9.3% |
| Amounts payable | 17/49 | €9,776 | €16,431 | +€6,655 | +68.1% |
| Amounts payable within one year | 42/48 | €9,776 | €16,431 | +€6,655 | +68.1% |
| Trade debts | 44 | €1,308 | €1,931 | +€623 | +47.6% |
| Suppliers | 440/4 | €1,308 | €1,931 | +€623 | +47.6% |
| Taxes, remuneration and social security | 45 | €7,500 | €14,500 | +€7,000 | +93.3% |
| Taxes | 450/3 | €7,500 | €14,500 | +€7,000 | +93.3% |
| Other amounts payable | 47/48 | €968 | €0 | -€968 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,250 | €11,250 | = | 0.0% |
| Other operating charges | 640/8 | €22,482 | €23,173 | +€691 | +3.1% |
| Gross operating margin | 9900 | €123,585 | €130,178 | +€6,593 | +5.3% |
| Operating profit (loss) | 9901 | €89,853 | €95,755 | +€5,902 | +6.6% |
| Financial income | 75/76B | €6,441 | €3,566 | -€2,875 | -44.6% |
| Recurring financial income | 75 | €6,441 | €3,566 | -€2,875 | -44.6% |
| Financial charges | 65/66B | €435 | €607 | +€172 | +39.5% |
| Recurring financial charges | 65 | €435 | €607 | +€172 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €95,859 | €98,714 | +€2,855 | +3.0% |
| Income taxes | 67/77 | €24,625 | €25,393 | +€768 | +3.1% |
| Profit (loss) for the period | 9904 | €71,234 | €73,321 | +€2,087 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,234 | €73,321 | +€2,087 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.