GEVANKO: 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.
GEVANKO
Largest movements
- Receivables after one year -€22,001
down €22,001 (-17.5%), from €125,764 to €103,764
- Cash +€5,207
up €5,207 (+75.2%), from €6,922 to €12,129
mainly Receivables after one year (+€22,001) and Net result for the year (+€15,659)
- Tangible fixed assets -€1,901
down €1,901 (-69.0%), from €2,755 to €854
of which Plant, machinery and equipment: -€1,901
- Trade debts -€13,978
down €13,978 (-57.2%), from €24,422 to €10,445
- Reserves -€3,811
down €3,811 (-3.5%), from €109,908 to €106,097
- Tax, wage and social debts +€1,930
up €1,930 (+661%), from €292 to €2,222
- Current portion of long-term debt -€1,711
down €1,711 (-100%), from €1,711 to €0
- Gross operating margin +€32,073
up €32,073, from -€14,821 to €17,252
- Depreciation -€2,097
down €2,097 (-52.4%), from €3,998 to €1,901
- Taxes +€1,720
up €1,720, from €0 to €1,720
- Financial income -€391
down €391 (-10.2%), from €3,834 to €3,444
- Financial charges -€180
down €180 (-31.5%), from €573 to €393
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 | €155,919 | €138,228 | -€17,691 | -11.3% |
| Fixed assets | 21/28 | €2,755 | €854 | -€1,901 | -69.0% |
| Tangible fixed assets | 22/27 | €2,755 | €854 | -€1,901 | -69.0% |
| Plant, machinery and equipment | 23 | €2,755 | €854 | -€1,901 | -69.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €153,164 | €137,374 | -€15,790 | -10.3% |
| Amounts receivable after more than one year | 29 | €125,764 | €103,764 | -€22,001 | -17.5% |
| Other amounts receivable | 291 | €125,764 | €103,764 | -€22,001 | -17.5% |
| Amounts receivable within one year | 40/41 | €17,885 | €18,659 | +€774 | +4.3% |
| Trade receivables | 40 | €13,125 | €14,256 | +€1,131 | +8.6% |
| Other amounts receivable | 41 | €4,760 | €4,403 | -€357 | -7.5% |
| Cash at bank and in hand | 54/58 | €6,922 | €12,129 | +€5,207 | +75.2% |
| Deferred charges and accrued income | 490/1 | €2,592 | €2,823 | +€231 | +8.9% |
| Total equity and liabilities | 10/49 | €155,919 | €138,228 | -€17,691 | -11.3% |
| Equity | 10/15 | €128,908 | €125,097 | -€3,811 | -3.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €109,908 | €106,097 | -€3,811 | -3.5% |
| Distributable reserves | 133 | €109,908 | €106,097 | -€3,811 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,011 | €13,131 | -€13,880 | -51.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,425 | €12,667 | -€13,758 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €1,711 | €0 | -€1,711 | -100% |
| Trade debts | 44 | €24,422 | €10,445 | -€13,978 | -57.2% |
| Suppliers | 440/4 | €24,422 | €10,445 | -€13,978 | -57.2% |
| Taxes, remuneration and social security | 45 | €292 | €2,222 | +€1,930 | +661% |
| Taxes | 450/3 | €292 | €2,222 | +€1,930 | +661% |
| Accrued charges and deferred income | 492/3 | €586 | €464 | -€122 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,998 | €1,901 | -€2,097 | -52.4% |
| Other operating charges | 640/8 | €1,103 | €1,022 | -€81 | -7.4% |
| Gross operating margin | 9900 | -€14,821 | €17,252 | +€32,073 | |
| Operating profit (loss) | 9901 | -€19,922 | €14,329 | +€34,251 | |
| Financial income | 75/76B | €3,834 | €3,444 | -€391 | -10.2% |
| Recurring financial income | 75 | €3,834 | €3,444 | -€391 | -10.2% |
| Financial charges | 65/66B | €573 | €393 | -€180 | -31.5% |
| Recurring financial charges | 65 | €573 | €393 | -€180 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,660 | €17,380 | +€34,040 | |
| Income taxes | 67/77 | €0 | €1,720 | +€1,720 | |
| Profit (loss) for the period | 9904 | -€16,660 | €15,659 | +€32,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,660 | €15,659 | +€32,320 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.