GEVAS: 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.
GEVAS
Largest movements
- Cash -€306,314
down €306,314 (-67.5%), from €453,754 to €147,440
mainly Trade debts (-€278,887) and Other debts (-€253,028)
- Receivables within one year -€81,348
down €81,348 (-8.3%), from €980,099 to €898,751
of which Other amounts receivable: -€173,785
- Trade debts -€278,887
down €278,887 (-36.6%), from €761,549 to €482,662
- Other debts -€253,028
down €253,028 (-68.2%), from €370,764 to €117,736
- Reserves +€114,466
up €114,466 (+16.1%), from €711,773 to €826,239
of which Distributable reserves: +€57,233
- Gross operating margin +€122,187
up €122,187 (+19.1%), from €638,065 to €760,252
- Staff costs +€14,002
up €14,002 (+2.6%), from €547,587 to €561,589
- Taxes +€13,442
up €13,442 (+41.4%), from €32,462 to €45,904
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,144,371 | €1,734,341 | -€410,030 | -19.1% |
| Fixed assets | 21/28 | €475,276 | €462,169 | -€13,107 | -2.8% |
| Tangible fixed assets | 22/27 | €61,406 | €48,299 | -€13,107 | -21.3% |
| Plant, machinery and equipment | 23 | €9,527 | €11,717 | +€2,190 | +23.0% |
| Furniture and vehicles | 24 | €37,001 | €24,938 | -€12,063 | -32.6% |
| Other tangible fixed assets | 26 | €14,877 | €11,644 | -€3,233 | -21.7% |
| Financial fixed assets | 28 | €413,870 | €413,870 | = | 0.0% |
| Current assets | 29/58 | €1,669,095 | €1,272,171 | -€396,923 | -23.8% |
| Stocks and contracts in progress | 3 | €221,842 | €201,588 | -€20,254 | -9.1% |
| Stocks | 30/36 | €221,842 | €201,588 | -€20,254 | -9.1% |
| Amounts receivable within one year | 40/41 | €980,099 | €898,751 | -€81,348 | -8.3% |
| Trade receivables | 40 | €506,985 | €599,422 | +€92,437 | +18.2% |
| Other amounts receivable | 41 | €473,115 | €299,329 | -€173,785 | -36.7% |
| Cash at bank and in hand | 54/58 | €453,754 | €147,440 | -€306,314 | -67.5% |
| Deferred charges and accrued income | 490/1 | €13,400 | €24,392 | +€10,992 | +82.0% |
| Total equity and liabilities | 10/49 | €2,144,371 | €1,734,341 | -€410,030 | -19.1% |
| Equity | 10/15 | €911,773 | €1,026,239 | +€114,466 | +12.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €711,773 | €826,239 | +€114,466 | +16.1% |
| Non-distributable reserves | 130/1 | €38,350 | €38,350 | = | 0.0% |
| Legal reserve | 130 | €38,350 | €38,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,957 | €151,190 | +€57,233 | +60.9% |
| Distributable reserves | 133 | €579,466 | €636,699 | +€57,233 | +9.9% |
| Amounts payable | 17/49 | €1,232,598 | €708,102 | -€524,496 | -42.6% |
| Amounts payable within one year | 42/48 | €1,232,598 | €707,293 | -€525,304 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €20,401 | €20,410 | +€9 | 0.0% |
| Trade debts | 44 | €761,549 | €482,662 | -€278,887 | -36.6% |
| Suppliers | 440/4 | €761,549 | €482,662 | -€278,887 | -36.6% |
| Taxes, remuneration and social security | 45 | €79,884 | €86,485 | +€6,601 | +8.3% |
| Taxes | 450/3 | €71,918 | €72,343 | +€425 | +0.6% |
| Remuneration and social security | 454/9 | €7,966 | €14,142 | +€6,176 | +77.5% |
| Other amounts payable | 47/48 | €370,764 | €117,736 | -€253,028 | -68.2% |
| Accrued charges and deferred income | 492/3 | - | €809 | +€809 | |
| Remuneration, social security and pensions | 62 | €547,587 | €561,589 | +€14,002 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,275 | €22,786 | +€3,512 | +18.2% |
| Other operating charges | 640/8 | €15,470 | €14,222 | -€1,248 | -8.1% |
| Gross operating margin | 9900 | €638,065 | €760,252 | +€122,187 | +19.1% |
| Operating profit (loss) | 9901 | €55,733 | €161,654 | +€105,921 | +190.0% |
| Financial income | 75/76B | €5,179 | €3,190 | -€1,989 | -38.4% |
| Recurring financial income | 75 | €5,179 | €3,190 | -€1,989 | -38.4% |
| Financial charges | 65/66B | €4,542 | €4,474 | -€68 | -1.5% |
| Recurring financial charges | 65 | €4,542 | €4,474 | -€68 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €56,370 | €160,370 | +€103,999 | +184.5% |
| Income taxes | 67/77 | €32,462 | €45,904 | +€13,442 | +41.4% |
| Profit (loss) for the period | 9904 | €23,908 | €114,466 | +€90,557 | +378.8% |
| Transfer from tax-exempt reserves | 789 | €147,410 | - | -€147,410 | |
| Transfer to tax-exempt reserves | 689 | €19,543 | €57,233 | +€37,690 | +192.9% |
| Profit (loss) for the period to be appropriated | 9905 | €151,776 | €57,233 | -€94,543 | -62.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.