GEVE: 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.
What changed
GEVE
NACE 47.552, Retail sale of lighting equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€24,288
2023 · -€212,046+€187,758
Equity
€1.4m
2023 · €1.5m-€24,288
Cash
€14,144
2023 · €37,714-€23,570
Balance sheet total
€2.9m
2023 · €2.8m+€157,691
Largest movements
Assets
- Receivables after one year +€400,000
up €400,000 (+4,000%), from €10,000 to €410,000
- Receivables within one year -€209,372
down €209,372 (-9.9%), from €2.1m to €1.9m
of which Other amounts receivable: -€300,031
Equity and liabilities
- Debts after one year +€145,694
up €145,694 (+14.3%), from €1.0m to €1.2m
of which Other amounts payable: +€133,000
- Trade debts +€120,037
new in 2024: €120,037
- Tax, wage and social debts -€47,495
down €47,495 (-86.3%), from €55,020 to €7,525
of which Taxes: -€41,749
Income statement
- Gross operating margin +€408,328
up €408,328, from -€314,940 to €93,388
- Write-downs +€357,549
no longer reported in 2024 (was -€357,549)
- Staff costs -€124,493
down €124,493, from €118,101 to -€6,392
- Depreciation -€17,501
down €17,501 (-46.8%), from €37,426 to €19,924
- Other operating charges -€9,835
down €9,835 (-11.5%), from €85,660 to €75,825
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.
Result 2023
-€212,046
Gross operating margin
+€408,328
Staff costs
+€124,493
Depreciation
+€17,501
Write-downs
-€357,549
Other operating charges
+€9,835
Other operating items
-€12,547
Financial income
+€282
Financial charges
-€2,586
Result 2024
-€24,288
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€148,143
Investment
€0
Financing
+€124,573
Cash 2023
€37,714
From operations (derived)
-€148,143
Net result for the year
-€24,288
Depreciation
+€19,924
Receivables after one year
-€400,000
Receivables within one year
+€209,372
Deferred charges and accrued income
-€10,558
Trade debts
+€120,037
Tax, wage and social debts
-€47,495
Other debts
-€15,137
Financing
+€124,573
Debts after one year
+€145,694
Current portion of long-term debt
-€21,120
Cash 2024
€14,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,781,569 | €2,939,260 | +€157,691 | +5.7% |
| Fixed assets | 21/28 | €629,108 | €609,184 | -€19,924 | -3.2% |
| Tangible fixed assets | 22/27 | €628,956 | €609,032 | -€19,924 | -3.2% |
| Land and buildings | 22 | €628,956 | €609,032 | -€19,924 | -3.2% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €2,152,461 | €2,330,077 | +€177,616 | +8.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €410,000 | +€400,000 | +4,000% |
| Other amounts receivable | 291 | €10,000 | €410,000 | +€400,000 | +4,000% |
| Amounts receivable within one year | 40/41 | €2,104,747 | €1,895,374 | -€209,372 | -9.9% |
| Trade receivables | 40 | - | €90,659 | +€90,659 | |
| Other amounts receivable | 41 | €2,104,747 | €1,804,715 | -€300,031 | -14.3% |
| Cash at bank and in hand | 54/58 | €37,714 | €14,144 | -€23,570 | -62.5% |
| Deferred charges and accrued income | 490/1 | - | €10,558 | +€10,558 | |
| Total equity and liabilities | 10/49 | €2,781,569 | €2,939,260 | +€157,691 | +5.7% |
| Equity | 10/15 | €1,470,678 | €1,446,390 | -€24,288 | -1.7% |
| Contributions | 10/11 | €322,000 | €322,000 | = | 0.0% |
| Revaluation surpluses | 12 | €22,565 | €22,565 | = | 0.0% |
| Reserves | 13 | €1,126,113 | €1,101,825 | -€24,288 | -2.2% |
| Non-distributable reserves | 130/1 | €32,200 | €32,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,200 | €32,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,075,163 | €1,050,875 | -€24,288 | -2.3% |
| Amounts payable | 17/49 | €1,310,891 | €1,492,871 | +€181,979 | +13.9% |
| Amounts payable after more than one year | 17 | €1,017,984 | €1,163,678 | +€145,694 | +14.3% |
| Financial debts | 170/4 | €463,984 | €476,678 | +€12,694 | +2.7% |
| Other amounts payable | 178/9 | €554,000 | €687,000 | +€133,000 | +24.0% |
| Amounts payable within one year | 42/48 | €292,907 | €329,193 | +€36,285 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €146,688 | €125,567 | -€21,120 | -14.4% |
| Trade debts | 44 | - | €120,037 | +€120,037 | |
| Suppliers | 440/4 | - | €120,037 | +€120,037 | |
| Taxes, remuneration and social security | 45 | €55,020 | €7,525 | -€47,495 | -86.3% |
| Taxes | 450/3 | €44,422 | €2,673 | -€41,749 | -94.0% |
| Remuneration and social security | 454/9 | €10,598 | €4,852 | -€5,746 | -54.2% |
| Other amounts payable | 47/48 | €91,200 | €76,064 | -€15,137 | -16.6% |
| Non-recurring operating income | 76A | €50,000 | - | -€50,000 | |
| Remuneration, social security and pensions | 62 | €118,101 | -€6,392 | -€124,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,426 | €19,924 | -€17,501 | -46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€357,549 | - | +€357,549 | |
| Other operating charges | 640/8 | €85,660 | €75,825 | -€9,835 | -11.5% |
| Non-recurring operating charges | 66A | €200 | €12,747 | +€12,547 | +6,274% |
| Gross operating margin | 9900 | -€314,940 | €93,388 | +€408,328 | |
| Operating profit (loss) | 9901 | -€198,778 | -€8,716 | +€190,062 | +95.6% |
| Financial income | 75/76B | €1,401 | €1,683 | +€282 | +20.1% |
| Recurring financial income | 75 | €1,401 | €1,683 | +€282 | +20.1% |
| Financial charges | 65/66B | €14,669 | €17,255 | +€2,586 | +17.6% |
| Recurring financial charges | 65 | €14,669 | €17,255 | +€2,586 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€212,046 | -€24,288 | +€187,758 | +88.5% |
| Profit (loss) for the period | 9904 | -€212,046 | -€24,288 | +€187,758 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,046 | -€24,288 | +€187,758 | +88.5% |
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 13 October 2026 via checked.be.