GEVASIM: 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.
GEVASIM
Largest movements
- Cash +€83,184
up €83,184 (+197.3%), from €42,159 to €125,343
mainly Net result for the year (+€170,895) and Receivables after one year (+€53,948)
- Receivables after one year -€53,948
down €53,948 (-53.2%), from €101,400 to €47,452
of which Trade receivables: -€101,400
- Tangible fixed assets -€48,797
down €48,797 (-36.1%), from €135,176 to €86,379
of which Furniture and vehicles: -€44,803
- Debts after one year -€37,917
down €37,917 (-48.9%), from €77,494 to €39,577
- Other debts +€15,706
up €15,706 (+12.1%), from €130,217 to €145,923
- Current portion of long-term debt -€4,518
down €4,518 (-10.3%), from €44,024 to €39,506
- Tax, wage and social debts +€3,166
up €3,166 (+14.1%), from €22,468 to €25,634
- Trade debts +€3,095
up €3,095 (+358.9%), from €862 to €3,957
- Gross operating margin +€59,926
up €59,926 (+26.7%), from €224,173 to €284,099
- Financial income -€15,310
down €15,310 (-78.3%), from €19,562 to €4,252
of which Non-recurring financial income: -€13,047
- Taxes +€15,018
up €15,018 (+32.0%), from €47,002 to €62,020
- Depreciation +€14,467
up €14,467 (+40.9%), from €35,359 to €49,826
- Financial charges -€7,854
down €7,854 (-66.5%), from €11,815 to €3,961
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 | €294,656 | €275,004 | -€19,652 | -6.7% |
| Fixed assets | 21/28 | €135,446 | €86,649 | -€48,797 | -36.0% |
| Tangible fixed assets | 22/27 | €135,176 | €86,379 | -€48,797 | -36.1% |
| Furniture and vehicles | 24 | €127,675 | €82,872 | -€44,803 | -35.1% |
| Other tangible fixed assets | 26 | €7,501 | €3,507 | -€3,993 | -53.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €159,210 | €188,354 | +€29,144 | +18.3% |
| Amounts receivable after more than one year | 29 | €101,400 | €47,452 | -€53,948 | -53.2% |
| Trade receivables | 290 | €101,400 | - | -€101,400 | |
| Other amounts receivable | 291 | - | €47,452 | +€47,452 | |
| Amounts receivable within one year | 40/41 | €10,430 | €8,501 | -€1,929 | -18.5% |
| Trade receivables | 40 | - | €4,701 | +€4,701 | |
| Other amounts receivable | 41 | €10,430 | €3,800 | -€6,630 | -63.6% |
| Cash at bank and in hand | 54/58 | €42,159 | €125,343 | +€83,184 | +197.3% |
| Deferred charges and accrued income | 490/1 | €5,222 | €7,058 | +€1,836 | +35.2% |
| Total equity and liabilities | 10/49 | €294,656 | €275,004 | -€19,652 | -6.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €276,056 | €256,404 | -€19,652 | -7.1% |
| Amounts payable after more than one year | 17 | €77,494 | €39,577 | -€37,917 | -48.9% |
| Financial debts | 170/4 | €77,494 | €39,577 | -€37,917 | -48.9% |
| Amounts payable within one year | 42/48 | €198,562 | €215,608 | +€17,046 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €44,024 | €39,506 | -€4,518 | -10.3% |
| Financial debts | 43 | €992 | €588 | -€403 | -40.7% |
| Credit institutions | 430/8 | €992 | - | -€992 | |
| Other loans | 439 | - | €588 | +€588 | |
| Trade debts | 44 | €862 | €3,957 | +€3,095 | +358.9% |
| Suppliers | 440/4 | €862 | €3,957 | +€3,095 | +358.9% |
| Taxes, remuneration and social security | 45 | €22,468 | €25,634 | +€3,166 | +14.1% |
| Taxes | 450/3 | €22,468 | €25,634 | +€3,166 | +14.1% |
| Other amounts payable | 47/48 | €130,217 | €145,923 | +€15,706 | +12.1% |
| Accrued charges and deferred income | 492/3 | - | €1,219 | +€1,219 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,359 | €49,826 | +€14,467 | +40.9% |
| Other operating charges | 640/8 | €1,632 | €1,649 | +€17 | +1.0% |
| Gross operating margin | 9900 | €224,173 | €284,099 | +€59,926 | +26.7% |
| Operating profit (loss) | 9901 | €187,182 | €232,625 | +€45,443 | +24.3% |
| Financial income | 75/76B | €19,562 | €4,252 | -€15,310 | -78.3% |
| Recurring financial income | 75 | €6,515 | €4,252 | -€2,263 | -34.7% |
| Non-recurring financial income | 76B | €13,047 | - | -€13,047 | |
| Financial charges | 65/66B | €11,815 | €3,961 | -€7,854 | -66.5% |
| Recurring financial charges | 65 | €11,815 | €3,961 | -€7,854 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €194,929 | €232,915 | +€37,986 | +19.5% |
| Income taxes | 67/77 | €47,002 | €62,020 | +€15,018 | +32.0% |
| Profit (loss) for the period | 9904 | €147,927 | €170,895 | +€22,969 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €147,927 | €170,895 | +€22,969 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.