GEVARI: 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.
GEVARI
Largest movements
- Receivables within one year +€16,871
up €16,871 (+90.7%), from €18,593 to €35,464
of which Trade receivables: +€15,246
- Cash +€10,177
up €10,177 (+29.7%), from €34,303 to €44,480
mainly Net result for the year (+€25,441) and Deferred charges and accrued income (+€719)
- Profit (loss) carried forward +€25,441
up €25,441 (+56.9%), from €44,682 to €70,122
- Gross operating margin -€25,413
down €25,413 (-41.7%), from €60,997 to €35,583
- Taxes -€4,587
down €4,587 (-39.4%), from €11,655 to €7,068
- Financial charges -€1,738
down €1,738 (-40.5%), from €4,289 to €2,551
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 | €57,958 | €83,763 | +€25,805 | +44.5% |
| Fixed assets | 21/28 | €1,201 | €677 | -€524 | -43.6% |
| Tangible fixed assets | 22/27 | €1,201 | €677 | -€524 | -43.6% |
| Furniture and vehicles | 24 | €1,201 | €677 | -€524 | -43.6% |
| Current assets | 29/58 | €56,757 | €83,086 | +€26,329 | +46.4% |
| Amounts receivable within one year | 40/41 | €18,593 | €35,464 | +€16,871 | +90.7% |
| Trade receivables | 40 | €15,246 | €30,492 | +€15,246 | +100.0% |
| Other amounts receivable | 41 | €3,347 | €4,972 | +€1,625 | +48.6% |
| Cash at bank and in hand | 54/58 | €34,303 | €44,480 | +€10,177 | +29.7% |
| Deferred charges and accrued income | 490/1 | €3,860 | €3,141 | -€719 | -18.6% |
| Total equity and liabilities | 10/49 | €57,958 | €83,763 | +€25,805 | +44.5% |
| Equity | 10/15 | €49,682 | €75,122 | +€25,441 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,682 | €70,122 | +€25,441 | +56.9% |
| Amounts payable | 17/49 | €8,276 | €8,640 | +€365 | +4.4% |
| Amounts payable within one year | 42/48 | €8,276 | €8,640 | +€365 | +4.4% |
| Trade debts | 44 | €1,007 | €1,503 | +€495 | +49.2% |
| Suppliers | 440/4 | €1,007 | €1,503 | +€495 | +49.2% |
| Taxes, remuneration and social security | 45 | €7,250 | €7,138 | -€113 | -1.6% |
| Taxes | 450/3 | €7,250 | €7,138 | -€113 | -1.6% |
| Other amounts payable | 47/48 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €524 | +€153 | +41.3% |
| Gross operating margin | 9900 | €60,997 | €35,583 | -€25,413 | -41.7% |
| Operating profit (loss) | 9901 | €60,626 | €35,059 | -€25,566 | -42.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,289 | €2,551 | -€1,738 | -40.5% |
| Recurring financial charges | 65 | €4,289 | €2,551 | -€1,738 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €56,336 | €32,508 | -€23,828 | -42.3% |
| Income taxes | 67/77 | €11,655 | €7,068 | -€4,587 | -39.4% |
| Profit (loss) for the period | 9904 | €44,682 | €25,441 | -€19,241 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,682 | €25,441 | -€19,241 | -43.1% |
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 11 October 2026 via checked.be.