GeVaT: 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.
GeVaT
Largest movements
- Cash +€60,024
up €60,024 (+73.8%), from €81,318 to €141,341
mainly Net result for the year (+€64,353) and Other debts (+€10,884)
- Tangible fixed assets +€4,267
up €4,267 (+95.8%), from €4,453 to €8,721
of which Furniture and vehicles: +€4,722
- Receivables within one year +€3,764
up €3,764 (+21.5%), from €17,544 to €21,308
of which Trade receivables: +€4,496
- Reserves +€64,353
up €64,353 (+91.6%), from €70,284 to €134,637
- Other debts +€10,884
new in 2025: €10,884
- Tax, wage and social debts -€6,055
down €6,055 (-21.8%), from €27,820 to €21,765
- Gross operating margin -€5,459
down €5,459 (-6.0%), from €90,478 to €85,019
- Depreciation +€1,906
up €1,906 (+384.1%), from €496 to €2,402
- Taxes -€1,099
down €1,099 (-6.2%), from €17,810 to €16,711
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 | €105,795 | €175,280 | +€69,485 | +65.7% |
| Fixed assets | 21/28 | €4,453 | €8,721 | +€4,267 | +95.8% |
| Tangible fixed assets | 22/27 | €4,453 | €8,721 | +€4,267 | +95.8% |
| Plant, machinery and equipment | 23 | €1,915 | €1,461 | -€455 | -23.7% |
| Furniture and vehicles | 24 | €2,538 | €7,260 | +€4,722 | +186.0% |
| Current assets | 29/58 | €101,342 | €166,559 | +€65,217 | +64.4% |
| Amounts receivable within one year | 40/41 | €17,544 | €21,308 | +€3,764 | +21.5% |
| Trade receivables | 40 | €16,800 | €21,296 | +€4,496 | +26.8% |
| Other amounts receivable | 41 | €744 | €12 | -€732 | -98.4% |
| Cash at bank and in hand | 54/58 | €81,318 | €141,341 | +€60,024 | +73.8% |
| Deferred charges and accrued income | 490/1 | €2,480 | €3,909 | +€1,430 | +57.7% |
| Total equity and liabilities | 10/49 | €105,795 | €175,280 | +€69,485 | +65.7% |
| Equity | 10/15 | €74,284 | €138,637 | +€64,353 | +86.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €70,284 | €134,637 | +€64,353 | +91.6% |
| Distributable reserves | 133 | €70,284 | €134,637 | +€64,353 | +91.6% |
| Amounts payable | 17/49 | €31,511 | €36,643 | +€5,132 | +16.3% |
| Amounts payable within one year | 42/48 | €31,463 | €36,581 | +€5,118 | +16.3% |
| Trade debts | 44 | €3,643 | €3,932 | +€288 | +7.9% |
| Suppliers | 440/4 | €3,643 | €3,932 | +€288 | +7.9% |
| Taxes, remuneration and social security | 45 | €27,820 | €21,765 | -€6,055 | -21.8% |
| Taxes | 450/3 | €27,820 | €21,765 | -€6,055 | -21.8% |
| Other amounts payable | 47/48 | - | €10,884 | +€10,884 | |
| Accrued charges and deferred income | 492/3 | €48 | €62 | +€14 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €2,402 | +€1,906 | +384.1% |
| Other operating charges | 640/8 | €359 | €210 | -€149 | -41.6% |
| Gross operating margin | 9900 | €90,478 | €85,019 | -€5,459 | -6.0% |
| Operating profit (loss) | 9901 | €89,623 | €82,407 | -€7,216 | -8.1% |
| Financial income | 75/76B | €22 | €183 | +€161 | +725.7% |
| Recurring financial income | 75 | €22 | €183 | +€161 | +725.7% |
| Financial charges | 65/66B | €1,551 | €1,527 | -€24 | -1.5% |
| Recurring financial charges | 65 | €1,551 | €1,527 | -€24 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €88,094 | €81,064 | -€7,031 | -8.0% |
| Income taxes | 67/77 | €17,810 | €16,711 | -€1,099 | -6.2% |
| Profit (loss) for the period | 9904 | €70,284 | €64,353 | -€5,931 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,284 | €64,353 | -€5,931 | -8.4% |
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.