GEVECON: 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.
GEVECON
Largest movements
- Cash +€57,562
up €57,562 (+299.1%), from €19,246 to €76,808
mainly Net result for the year (+€51,790) and Receivables within one year (+€16,849)
- Tangible fixed assets +€31,862
new in 2025: €31,862
of which Other tangible fixed assets: +€23,018
- Receivables within one year -€16,849
no longer reported in 2025 (was €16,849)
- Profit (loss) carried forward +€51,790
up €51,790 (+235.5%), from €21,994 to €73,784
- Tax, wage and social debts +€13,707
up €13,707 (+100.4%), from €13,658 to €27,365
- Trade debts +€6,409
up €6,409 (+5685.7%), from €113 to €6,522
- Other debts +€1,668
up €1,668 (+506.5%), from €329 to €1,998
- Gross operating margin +€39,709
up €39,709 (+141.8%), from €28,002 to €67,711
- Taxes +€8,095
up €8,095 (+135.1%), from €5,992 to €14,087
- Depreciation +€1,256
new in 2025: €1,256
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 | €36,095 | €109,670 | +€73,575 | +203.8% |
| Fixed assets | 21/28 | - | €31,862 | +€31,862 | |
| Tangible fixed assets | 22/27 | - | €31,862 | +€31,862 | |
| Furniture and vehicles | 24 | - | €8,844 | +€8,844 | |
| Other tangible fixed assets | 26 | - | €23,018 | +€23,018 | |
| Current assets | 29/58 | €36,095 | €77,808 | +€41,713 | +115.6% |
| Amounts receivable within one year | 40/41 | €16,849 | - | -€16,849 | |
| Trade receivables | 40 | €16,849 | - | -€16,849 | |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €19,246 | €76,808 | +€57,562 | +299.1% |
| Total equity and liabilities | 10/49 | €36,095 | €109,670 | +€73,575 | +203.8% |
| Equity | 10/15 | €21,995 | €73,785 | +€51,790 | +235.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,994 | €73,784 | +€51,790 | +235.5% |
| Amounts payable | 17/49 | €14,100 | €35,885 | +€21,785 | +154.5% |
| Amounts payable within one year | 42/48 | €14,100 | €35,885 | +€21,785 | +154.5% |
| Trade debts | 44 | €113 | €6,522 | +€6,409 | +5685.7% |
| Suppliers | 440/4 | €113 | €6,522 | +€6,409 | +5685.7% |
| Taxes, remuneration and social security | 45 | €13,658 | €27,365 | +€13,707 | +100.4% |
| Taxes | 450/3 | €13,658 | €27,365 | +€13,707 | +100.4% |
| Other amounts payable | 47/48 | €329 | €1,998 | +€1,668 | +506.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,256 | +€1,256 | |
| Other operating charges | 640/8 | - | €439 | +€439 | |
| Gross operating margin | 9900 | €28,002 | €67,711 | +€39,709 | +141.8% |
| Operating profit (loss) | 9901 | €28,002 | €66,016 | +€38,014 | +135.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €19 | €140 | +€121 | +622.8% |
| Recurring financial charges | 65 | €19 | €140 | +€121 | +622.8% |
| Profit (loss) for the period before taxes | 9903 | €27,986 | €65,877 | +€37,890 | +135.4% |
| Income taxes | 67/77 | €5,992 | €14,087 | +€8,095 | +135.1% |
| Profit (loss) for the period | 9904 | €21,994 | €51,790 | +€29,796 | +135.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,994 | €51,790 | +€29,796 | +135.5% |
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 8 October 2026 via checked.be.