GEVAX: 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.
GEVAX
Largest movements
- Tangible fixed assets -€193,055
down €193,055 (-4.9%), from €4.0m to €3.8m
- Other debts +€148,716
up €148,716 (+59.8%), from €248,689 to €397,405
- Debts after one year -€146,666
down €146,666 (-12.4%), from €1.2m to €1.0m
- Reserves -€131,212
down €131,212 (-7.4%), from €1.8m to €1.6m
of which Tax-exempt reserves: -€131,212
- Provisions -€43,737
down €43,737 (-7.5%), from €583,454 to €539,717
- Gross operating margin +€25,441
up €25,441 (+8.4%), from €303,607 to €329,049
- Taxes +€7,448
up €7,448 (+11.2%), from €66,230 to €73,677
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 | €3,987,798 | €3,820,966 | -€166,832 | -4.2% |
| Fixed assets | 21/28 | €3,972,885 | €3,779,830 | -€193,055 | -4.9% |
| Tangible fixed assets | 22/27 | €3,972,885 | €3,779,830 | -€193,055 | -4.9% |
| Land and buildings | 22 | €3,972,885 | €3,779,830 | -€193,055 | -4.9% |
| Current assets | 29/58 | €14,913 | €41,136 | +€26,223 | +175.8% |
| Amounts receivable within one year | 40/41 | €221 | €0 | -€221 | -100.0% |
| Other amounts receivable | 41 | €221 | €0 | -€221 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,693 | €41,136 | +€26,444 | +180.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,987,798 | €3,820,966 | -€166,832 | -4.2% |
| Equity | 10/15 | €1,781,367 | €1,650,155 | -€131,212 | -7.4% |
| Contributions | 10/11 | €19,855 | €19,855 | = | 0.0% |
| Reserves | 13 | €1,761,512 | €1,630,299 | -€131,212 | -7.4% |
| Tax-exempt reserves | 132 | €1,759,526 | €1,628,314 | -€131,212 | -7.5% |
| Distributable reserves | 133 | €1,986 | €1,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €583,454 | €539,717 | -€43,737 | -7.5% |
| Deferred taxes | 168 | €583,454 | €539,717 | -€43,737 | -7.5% |
| Amounts payable | 17/49 | €1,622,977 | €1,631,095 | +€8,118 | +0.5% |
| Amounts payable after more than one year | 17 | €1,185,557 | €1,038,891 | -€146,666 | -12.4% |
| Financial debts | 170/4 | €1,185,557 | €1,038,891 | -€146,666 | -12.4% |
| Amounts payable within one year | 42/48 | €404,226 | €557,748 | +€153,523 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €146,666 | €146,666 | = | 0.0% |
| Trade debts | 44 | €2,641 | €0 | -€2,641 | -100.0% |
| Suppliers | 440/4 | €2,641 | €0 | -€2,641 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,230 | €13,677 | +€7,448 | +119.6% |
| Taxes | 450/3 | €6,230 | €13,677 | +€7,448 | +119.6% |
| Other amounts payable | 47/48 | €248,689 | €397,405 | +€148,716 | +59.8% |
| Accrued charges and deferred income | 492/3 | €33,194 | €34,455 | +€1,262 | +3.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,055 | €193,055 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €303,607 | €329,049 | +€25,441 | +8.4% |
| Operating profit (loss) | 9901 | €109,592 | €135,026 | +€25,434 | +23.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,623 | €17,583 | -€2,041 | -10.4% |
| Recurring financial charges | 65 | €19,623 | €17,583 | -€2,041 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €89,969 | €117,444 | +€27,475 | +30.5% |
| Transfer from deferred taxes | 780 | €43,737 | €43,737 | = | 0.0% |
| Income taxes | 67/77 | €66,230 | €73,677 | +€7,448 | +11.2% |
| Profit (loss) for the period | 9904 | €67,477 | €87,504 | +€20,027 | +29.7% |
| Transfer from tax-exempt reserves | 789 | €131,212 | €131,212 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €198,689 | €218,716 | +€20,027 | +10.1% |
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 10 October 2026 via checked.be.