GEVANVO: 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.
GEVANVO
Largest movements
- Stocks and contracts -€171,232
no longer reported in 2025 (was €171,232)
- Tangible fixed assets -€99,724
no longer reported in 2025 (was €99,724)
of which Other tangible fixed assets: -€56,895
- Cash +€66,547
up €66,547 (+33.4%), from €199,047 to €265,594
mainly Stocks and contracts (+€171,232) and Investment in fixed assets (net) (+€103,736)
- Receivables within one year +€17,294
up €17,294 (+17.4%), from €99,593 to €116,887
of which Trade receivables: +€26,096
- Deferred charges and accrued income -€16,025
down €16,025 (-100.0%), from €16,030 to €5
- Trade debts -€217,299
down €217,299 (-83.4%), from €260,466 to €43,168
- Profit (loss) carried forward +€66,263
up €66,263 (+47.9%), from €138,285 to €204,548
- Current portion of long-term debt -€27,435
no longer reported in 2025 (was €27,435)
- Tax, wage and social debts -€19,403
down €19,403 (-57.0%), from €34,057 to €14,654
of which Remuneration and social security: -€31,317
- Debts after one year -€13,862
no longer reported in 2025 (was €13,862)
- Staff costs -€73,288
down €73,288 (-68.9%), from €106,295 to €33,007
- Gross operating margin -€35,688
down €35,688 (-22.7%), from €157,296 to €121,608
- Depreciation -€24,006
no longer reported in 2025 (was €24,006)
- Taxes +€14,504
up €14,504 (+9643.6%), from €150 to €14,654
- Other operating charges -€5,709
down €5,709 (-66.6%), from €8,572 to €2,863
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €589,638 | €382,486 | -€207,153 | -35.1% |
| Fixed assets | 21/28 | €103,736 | - | -€103,736 | |
| Intangible fixed assets | 21 | €1,966 | - | -€1,966 | |
| Tangible fixed assets | 22/27 | €99,724 | - | -€99,724 | |
| Plant, machinery and equipment | 23 | €37,405 | - | -€37,405 | |
| Furniture and vehicles | 24 | €5,424 | - | -€5,424 | |
| Other tangible fixed assets | 26 | €56,895 | - | -€56,895 | |
| Financial fixed assets | 28 | €2,046 | - | -€2,046 | |
| Current assets | 29/58 | €485,902 | €382,486 | -€103,417 | -21.3% |
| Stocks and contracts in progress | 3 | €171,232 | - | -€171,232 | |
| Stocks | 30/36 | €171,232 | - | -€171,232 | |
| Amounts receivable within one year | 40/41 | €99,593 | €116,887 | +€17,294 | +17.4% |
| Trade receivables | 40 | €89,849 | €115,945 | +€26,096 | +29.0% |
| Other amounts receivable | 41 | €9,744 | €942 | -€8,803 | -90.3% |
| Cash at bank and in hand | 54/58 | €199,047 | €265,594 | +€66,547 | +33.4% |
| Deferred charges and accrued income | 490/1 | €16,030 | €5 | -€16,025 | -100.0% |
| Total equity and liabilities | 10/49 | €589,638 | €382,486 | -€207,153 | -35.1% |
| Equity | 10/15 | €190,533 | €256,796 | +€66,263 | +34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,647 | €33,647 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,787 | €31,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,285 | €204,548 | +€66,263 | +47.9% |
| Amounts payable | 17/49 | €399,105 | €125,690 | -€273,416 | -68.5% |
| Amounts payable after more than one year | 17 | €13,862 | - | -€13,862 | |
| Financial debts | 170/4 | €13,862 | - | -€13,862 | |
| Amounts payable within one year | 42/48 | €381,075 | €125,690 | -€255,386 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €27,435 | - | -€27,435 | |
| Trade debts | 44 | €260,466 | €43,168 | -€217,299 | -83.4% |
| Suppliers | 440/4 | €260,466 | €43,168 | -€217,299 | -83.4% |
| Taxes, remuneration and social security | 45 | €34,057 | €14,654 | -€19,403 | -57.0% |
| Taxes | 450/3 | €2,740 | €14,654 | +€11,914 | +434.8% |
| Remuneration and social security | 454/9 | €31,317 | - | -€31,317 | |
| Other amounts payable | 47/48 | €59,117 | €67,868 | +€8,751 | +14.8% |
| Accrued charges and deferred income | 492/3 | €4,168 | - | -€4,168 | |
| Non-recurring operating income | 76A | €23,361 | - | -€23,361 | |
| Remuneration, social security and pensions | 62 | €106,295 | €33,007 | -€73,288 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,006 | - | -€24,006 | |
| Other operating charges | 640/8 | €8,572 | €2,863 | -€5,709 | -66.6% |
| Gross operating margin | 9900 | €157,296 | €121,608 | -€35,688 | -22.7% |
| Operating profit (loss) | 9901 | €18,422 | €85,738 | +€67,315 | +365.4% |
| Financial income | 75/76B | €1,529 | €1 | -€1,527 | -99.9% |
| Recurring financial income | 75 | €1,529 | €1 | -€1,527 | -99.9% |
| Financial charges | 65/66B | €10,441 | €4,822 | -€5,619 | -53.8% |
| Recurring financial charges | 65 | €10,441 | €4,822 | -€5,619 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €9,510 | €80,917 | +€71,407 | +750.9% |
| Income taxes | 67/77 | €150 | €14,654 | +€14,504 | +9643.6% |
| Profit (loss) for the period | 9904 | €9,360 | €66,263 | +€56,903 | +608.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,360 | €66,263 | +€56,903 | +608.0% |
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 8 October 2026 via checked.be.