GEVECO: 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.
GEVECO
Largest movements
- Receivables within one year -€12,658
down €12,658 (-13.9%), from €91,083 to €78,425
of which Trade receivables: -€15,621
- Tangible fixed assets -€1,572
down €1,572 (-16.7%), from €9,393 to €7,821
- Trade debts -€17,966
down €17,966 (-93.7%), from €19,177 to €1,211
- Other debts +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Financial charges +€1,186
up €1,186 (+50.6%), from €2,341 to €3,527
- Gross operating margin -€492
down €492 (-8.3%), from €5,939 to €5,447
- Other operating charges +€242
up €242 (+20.6%), from €1,175 to €1,417
- Depreciation +€231
up €231 (+17.2%), from €1,341 to €1,572
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 | €100,869 | €86,647 | -€14,222 | -14.1% |
| Fixed assets | 21/28 | €9,591 | €8,019 | -€1,572 | -16.4% |
| Tangible fixed assets | 22/27 | €9,393 | €7,821 | -€1,572 | -16.7% |
| Furniture and vehicles | 24 | €9,393 | €7,821 | -€1,572 | -16.7% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €91,278 | €78,628 | -€12,650 | -13.9% |
| Amounts receivable within one year | 40/41 | €91,083 | €78,425 | -€12,658 | -13.9% |
| Trade receivables | 40 | €25,146 | €9,525 | -€15,621 | -62.1% |
| Other amounts receivable | 41 | €65,936 | €68,900 | +€2,964 | +4.5% |
| Cash at bank and in hand | 54/58 | €36 | €36 | +€0 | +0.2% |
| Deferred charges and accrued income | 490/1 | €159 | €166 | +€7 | +4.7% |
| Total equity and liabilities | 10/49 | €100,869 | €86,647 | -€14,222 | -14.1% |
| Equity | 10/15 | €54,367 | €53,387 | -€980 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €35,775 | €34,795 | -€980 | -2.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,916 | €32,936 | -€980 | -2.9% |
| Amounts payable | 17/49 | €46,502 | €33,260 | -€13,242 | -28.5% |
| Amounts payable within one year | 42/48 | €46,502 | €32,612 | -€13,890 | -29.9% |
| Financial debts | 43 | €22,325 | €21,402 | -€924 | -4.1% |
| Credit institutions | 430/8 | €22,325 | €21,402 | -€924 | -4.1% |
| Trade debts | 44 | €19,177 | €1,211 | -€17,966 | -93.7% |
| Suppliers | 440/4 | €19,177 | €1,211 | -€17,966 | -93.7% |
| Other amounts payable | 47/48 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Accrued charges and deferred income | 492/3 | - | €647 | +€647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €1,572 | +€231 | +17.2% |
| Other operating charges | 640/8 | €1,175 | €1,417 | +€242 | +20.6% |
| Gross operating margin | 9900 | €5,939 | €5,447 | -€492 | -8.3% |
| Operating profit (loss) | 9901 | €3,423 | €2,459 | -€964 | -28.2% |
| Financial income | 75/76B | €99 | €89 | -€10 | -10.5% |
| Recurring financial income | 75 | €99 | €89 | -€10 | -10.5% |
| Financial charges | 65/66B | €2,341 | €3,527 | +€1,186 | +50.6% |
| Recurring financial charges | 65 | €2,341 | €3,527 | +€1,186 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €1,181 | -€980 | -€2,161 | |
| Profit (loss) for the period | 9904 | €1,181 | -€980 | -€2,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,181 | -€980 | -€2,161 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.