GEVARO: 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.
GEVARO
Largest movements
- Receivables within one year +€15,476
up €15,476 (+345.1%), from €4,485 to €19,961
of which Trade receivables: +€10,043
- Cash -€12,954
down €12,954 (-33.2%), from €38,986 to €26,032
mainly Trade debts (-€27,084) and Other debts (-€24,648)
- Tangible fixed assets -€9,743
down €9,743 (-18.4%), from €52,932 to €43,189
of which Furniture and vehicles: -€11,751
- Stocks and contracts +€6,040
new in 2025: €6,040
- Deferred charges and accrued income -€1,080
down €1,080 (-62.1%), from €1,739 to €659
- Trade debts -€27,084
down €27,084 (-68.8%), from €39,384 to €12,300
- Other debts -€24,648
down €24,648 (-63.1%), from €39,036 to €14,388
- Reserves +€20,401
up €20,401 (+382.6%), from €5,332 to €25,733
- Tax, wage and social debts +€17,363
up €17,363 (+322.1%), from €5,390 to €22,753
of which Remuneration and social security: +€15,273
- Short-term financial debts +€16,707
new in 2025: €16,707
- Gross operating margin +€37,785
up €37,785 (+118.6%), from €31,857 to €69,642
- Staff costs +€11,911
up €11,911 (+81.9%), from €14,543 to €26,454
- Depreciation +€4,226
up €4,226 (+51.9%), from €8,145 to €12,371
- Taxes +€3,248
up €3,248 (+47.2%), from €6,877 to €10,125
- Financial charges +€1,882
up €1,882 (+399.6%), from €471 to €2,353
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 | €98,142 | €95,881 | -€2,261 | -2.3% |
| Fixed assets | 21/28 | €52,932 | €43,189 | -€9,743 | -18.4% |
| Tangible fixed assets | 22/27 | €52,932 | €43,189 | -€9,743 | -18.4% |
| Plant, machinery and equipment | 23 | - | €2,008 | +€2,008 | |
| Furniture and vehicles | 24 | €52,932 | €41,181 | -€11,751 | -22.2% |
| Current assets | 29/58 | €45,210 | €52,692 | +€7,482 | +16.5% |
| Stocks and contracts in progress | 3 | - | €6,040 | +€6,040 | |
| Stocks | 30/36 | - | €6,040 | +€6,040 | |
| Amounts receivable within one year | 40/41 | €4,485 | €19,961 | +€15,476 | +345.1% |
| Trade receivables | 40 | - | €10,043 | +€10,043 | |
| Other amounts receivable | 41 | €4,485 | €9,918 | +€5,433 | +121.1% |
| Cash at bank and in hand | 54/58 | €38,986 | €26,032 | -€12,954 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,739 | €659 | -€1,080 | -62.1% |
| Total equity and liabilities | 10/49 | €98,142 | €95,881 | -€2,261 | -2.3% |
| Equity | 10/15 | €9,332 | €29,733 | +€20,401 | +218.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,332 | €25,733 | +€20,401 | +382.6% |
| Distributable reserves | 133 | €5,332 | €25,733 | +€20,401 | +382.6% |
| Amounts payable | 17/49 | €88,810 | €66,148 | -€22,662 | -25.5% |
| Amounts payable within one year | 42/48 | €88,810 | €66,148 | -€22,662 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Financial debts | 43 | - | €16,707 | +€16,707 | |
| Credit institutions | 430/8 | - | €16,707 | +€16,707 | |
| Trade debts | 44 | €39,384 | €12,300 | -€27,084 | -68.8% |
| Suppliers | 440/4 | €39,384 | €12,300 | -€27,084 | -68.8% |
| Taxes, remuneration and social security | 45 | €5,390 | €22,753 | +€17,363 | +322.1% |
| Taxes | 450/3 | €2,831 | €4,921 | +€2,090 | +73.8% |
| Remuneration and social security | 454/9 | €2,559 | €17,832 | +€15,273 | +596.8% |
| Other amounts payable | 47/48 | €39,036 | €14,388 | -€24,648 | -63.1% |
| Remuneration, social security and pensions | 62 | €14,543 | €26,454 | +€11,911 | +81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,145 | €12,371 | +€4,226 | +51.9% |
| Other operating charges | 640/8 | €1,651 | €2,222 | +€571 | +34.6% |
| Gross operating margin | 9900 | €31,857 | €69,642 | +€37,785 | +118.6% |
| Operating profit (loss) | 9901 | €7,518 | €28,595 | +€21,077 | +280.4% |
| Financial income | 75/76B | €5,162 | €4,284 | -€878 | -17.0% |
| Recurring financial income | 75 | €5,162 | €4,284 | -€878 | -17.0% |
| Financial charges | 65/66B | €471 | €2,353 | +€1,882 | +399.6% |
| Recurring financial charges | 65 | €471 | €2,353 | +€1,882 | +399.6% |
| Profit (loss) for the period before taxes | 9903 | €12,209 | €30,526 | +€18,317 | +150.0% |
| Income taxes | 67/77 | €6,877 | €10,125 | +€3,248 | +47.2% |
| Profit (loss) for the period | 9904 | €5,332 | €20,401 | +€15,069 | +282.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,332 | €20,401 | +€15,069 | +282.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.