GEVANO: 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.
What changed
GEVANO
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€226,748
2024 · €127,879+€98,869
Equity
€3.4m
2024 · €3.4m+€1,748
Cash
€91,347
2024 · €73,794+€17,553
Balance sheet total
€5.3m
2024 · €5.3m-€6,720
Largest movements
Assets
- Tangible fixed assets -€251,596
down €251,596 (-10.4%), from €2.4m to €2.2m
of which Leasing and similar rights: -€188,719
- Receivables within one year +€227,297
up €227,297 (+8.0%), from €2.8m to €3.1m
of which Other amounts receivable: +€180,885
Equity and liabilities
- Other debts +€235,453
up €235,453 (+65.6%), from €358,987 to €594,439
- Debts after one year -€220,739
down €220,739 (-19.1%), from €1.2m to €937,421
Income statement
- Gross operating margin +€82,709
up €82,709 (+17.3%), from €477,839 to €560,548
- Taxes -€42,451
down €42,451 (-98.6%), from €43,034 to €583
- Depreciation +€42,045
up €42,045 (+20.1%), from €209,551 to €251,596
- Financial charges -€14,654
down €14,654 (-21.0%), from €69,765 to €55,111
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.
Result 2024
€127,879
Gross operating margin
+€82,709
Depreciation
-€42,045
Other operating charges
-€637
Financial income
+€1,737
Financial charges
+€14,654
Taxes
+€42,451
Result 2025
€226,748
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.
From operations
+€457,548
Investment
€0
Financing
-€439,995
Cash 2024
€73,794
From operations (derived)
+€457,548
Net result for the year
+€226,748
Depreciation
+€251,596
Receivables within one year
-€227,297
Deferred charges and accrued income
-€26
Trade debts
+€881
Tax, wage and social debts
-€7,931
Other debts
+€235,453
Accrued charges and deferred income
-€21,875
Financing
-€439,995
Debts after one year
-€220,739
Current portion of long-term debt
+€5,744
Contributions, distributions and other
-€225,000
Cash 2025
€91,347
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,316,311 | €5,309,591 | -€6,720 | -0.1% |
| Fixed assets | 21/28 | €2,412,788 | €2,161,192 | -€251,596 | -10.4% |
| Tangible fixed assets | 22/27 | €2,412,284 | €2,160,688 | -€251,596 | -10.4% |
| Land and buildings | 22 | €774,724 | €753,738 | -€20,986 | -2.7% |
| Plant, machinery and equipment | 23 | €96,629 | €54,739 | -€41,891 | -43.4% |
| Leasing and similar rights | 25 | €1,362,281 | €1,173,563 | -€188,719 | -13.9% |
| Other tangible fixed assets | 26 | €178,649 | €178,649 | = | 0.0% |
| Financial fixed assets | 28 | €504 | €504 | = | 0.0% |
| Current assets | 29/58 | €2,903,523 | €3,148,399 | +€244,875 | +8.4% |
| Amounts receivable within one year | 40/41 | €2,828,388 | €3,055,685 | +€227,297 | +8.0% |
| Trade receivables | 40 | €116,127 | €162,539 | +€46,411 | +40.0% |
| Other amounts receivable | 41 | €2,712,261 | €2,893,146 | +€180,885 | +6.7% |
| Cash at bank and in hand | 54/58 | €73,794 | €91,347 | +€17,553 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,367 | +€26 | +1.9% |
| Total equity and liabilities | 10/49 | €5,316,311 | €5,309,591 | -€6,720 | -0.1% |
| Equity | 10/15 | €3,402,793 | €3,404,541 | +€1,748 | +0.1% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €2,907,006 | €2,908,754 | +€1,748 | +0.1% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €2,857,427 | €2,859,175 | +€1,748 | +0.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,913,518 | €1,905,050 | -€8,468 | -0.4% |
| Amounts payable after more than one year | 17 | €1,158,160 | €937,421 | -€220,739 | -19.1% |
| Financial debts | 170/4 | €1,158,160 | €937,421 | -€220,739 | -19.1% |
| Amounts payable within one year | 42/48 | €598,587 | €832,733 | +€234,146 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €214,995 | €220,739 | +€5,744 | +2.7% |
| Trade debts | 44 | €2,252 | €3,132 | +€881 | +39.1% |
| Suppliers | 440/4 | €2,252 | €3,132 | +€881 | +39.1% |
| Taxes, remuneration and social security | 45 | €22,353 | €14,422 | -€7,931 | -35.5% |
| Taxes | 450/3 | €22,353 | €14,422 | -€7,931 | -35.5% |
| Other amounts payable | 47/48 | €358,987 | €594,439 | +€235,453 | +65.6% |
| Accrued charges and deferred income | 492/3 | €156,771 | €134,896 | -€21,875 | -14.0% |
| Non-recurring operating income | 76A | €652 | €0 | -€652 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,551 | €251,596 | +€42,045 | +20.1% |
| Other operating charges | 640/8 | €53,292 | €53,929 | +€637 | +1.2% |
| Gross operating margin | 9900 | €477,839 | €560,548 | +€82,709 | +17.3% |
| Operating profit (loss) | 9901 | €214,996 | €255,023 | +€40,027 | +18.6% |
| Financial income | 75/76B | €25,681 | €27,418 | +€1,737 | +6.8% |
| Recurring financial income | 75 | €25,681 | €27,418 | +€1,737 | +6.8% |
| Financial charges | 65/66B | €69,765 | €55,111 | -€14,654 | -21.0% |
| Recurring financial charges | 65 | €69,765 | €55,111 | -€14,654 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €170,913 | €227,331 | +€56,418 | +33.0% |
| Income taxes | 67/77 | €43,034 | €583 | -€42,451 | -98.6% |
| Profit (loss) for the period | 9904 | €127,879 | €226,748 | +€98,869 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €127,879 | €226,748 | +€98,869 | +77.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.