GEVELE: 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
GEVELE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · €309,086-€1.3m
Equity
€6.7m
2024 · €7.8m-€1.0m
Cash
€0
2024 · €0
Balance sheet total
€13.4m
2024 · €13.6m-€234,096
Largest movements
Assets
- Financial fixed assets -€308,216
down €308,216 (-2.5%), from €12.2m to €11.8m
of which Affiliated companies: -€308,216
Equity and liabilities
- Reserves -€1.0m
down €1.0m (-13.3%), from €7.7m to €6.7m
of which Distributable reserves: -€1.0m
- Other debts +€675,392
up €675,392 (+12.7%), from €5.3m to €6.0m
Income statement
- Financial charges +€1.3m
up €1.3m (+675%), from €190,265 to €1.5m
of which Non-recurring financial charges: +€1.4m
- Write-downs +€332,215
up €332,215 (+83.8%), from €396,635 to €728,850
- Financial income +€312,109
up €312,109 (+43.5%), from €717,517 to €1.0m
of which Non-recurring financial income: +€200,000
- Turnover +€157,224
up €157,224 (+4.4%), from €3.5m to €3.7m
- Services and other goods +€141,381
up €141,381 (+4.4%), from €3.2m to €3.3m
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.
Result 2024
€309,086
Turnover
+€157,224
Other operating income
-€4,979
Services and other goods
-€141,381
Staff costs
-€43,805
Depreciation
+€3,945
Write-downs
-€332,215
Other operating charges
+€570
Financial income
+€312,109
Financial charges
-€1.3m
Taxes
+€484
Result 2025
-€1.0m
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€244,093
Investment
+€244,093
Financing
€0
Cash 2024
€0
From operations (derived)
-€244,093
Net result for the year
-€1.0m
Depreciation
+€17,214
Receivables within one year
-€14,463
Deferred charges and accrued income
-€12,749
Trade debts
+€106,578
Tax, wage and social debts
+€10,460
Other debts
+€675,392
Accrued charges and deferred income
-€3,819
Investment (derived)
+€244,093
Investment in fixed assets (net)
+€244,093
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,639,718 | €13,405,622 | -€234,096 | -1.7% |
| Fixed assets | 21/28 | €12,161,526 | €11,900,219 | -€261,308 | -2.1% |
| Intangible fixed assets | 21 | €5,712 | €0 | -€5,712 | -100% |
| Tangible fixed assets | 22/27 | €3,350 | €55,971 | +€52,621 | +1,571% |
| Plant, machinery and equipment | 23 | €845 | €0 | -€845 | -100% |
| Furniture and vehicles | 24 | €2,506 | €55,971 | +€53,465 | +2,134% |
| Financial fixed assets | 28 | €12,152,464 | €11,844,248 | -€308,216 | -2.5% |
| Affiliated companies | 280/1 | €12,151,484 | €11,843,268 | -€308,216 | -2.5% |
| Participating interests | 280 | €9,783,484 | €9,983,484 | +€200,000 | +2.0% |
| Amounts receivable | 281 | €2,368,000 | €1,859,784 | -€508,216 | -21.5% |
| Other financial fixed assets | 284/8 | €980 | €980 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €980 | €980 | = | 0.0% |
| Current assets | 29/58 | €1,478,191 | €1,505,403 | +€27,212 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,353,942 | €1,368,405 | +€14,463 | +1.1% |
| Trade receivables | 40 | €1,190,672 | €1,242,496 | +€51,824 | +4.4% |
| Other amounts receivable | 41 | €163,271 | €125,910 | -€37,361 | -22.9% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €124,249 | €136,998 | +€12,749 | +10.3% |
| Total equity and liabilities | 10/49 | €13,639,718 | €13,405,622 | -€234,096 | -1.7% |
| Equity | 10/15 | €7,765,625 | €6,742,918 | -€1.0m | -13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,703,625 | €6,680,918 | -€1.0m | -13.3% |
| Non-distributable reserves | 130/1 | €378,040 | €378,040 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €371,840 | €371,840 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,974 | €1,974 | = | 0.0% |
| Distributable reserves | 133 | €7,323,611 | €6,300,904 | -€1.0m | -14.0% |
| Amounts payable | 17/49 | €5,874,093 | €6,662,704 | +€788,611 | +13.4% |
| Amounts payable within one year | 42/48 | €5,860,181 | €6,652,611 | +€792,430 | +13.5% |
| Trade debts | 44 | €512,547 | €619,125 | +€106,578 | +20.8% |
| Suppliers | 440/4 | €512,547 | €619,125 | +€106,578 | +20.8% |
| Taxes, remuneration and social security | 45 | €42,876 | €53,336 | +€10,460 | +24.4% |
| Taxes | 450/3 | €0 | €22,343 | +€22,343 | |
| Remuneration and social security | 454/9 | €42,876 | €30,994 | -€11,882 | -27.7% |
| Other amounts payable | 47/48 | €5,304,758 | €5,980,149 | +€675,392 | +12.7% |
| Accrued charges and deferred income | 492/3 | €13,912 | €10,094 | -€3,819 | -27.4% |
| Operating income | 70/76A | €3,545,735 | €3,697,980 | +€152,245 | +4.3% |
| Turnover | 70 | €3,534,348 | €3,691,572 | +€157,224 | +4.4% |
| Other operating income | 74 | €11,387 | €6,408 | -€4,979 | -43.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €3,762,947 | €4,275,833 | +€512,886 | +13.6% |
| Services and other goods | 61 | €3,194,831 | €3,336,212 | +€141,381 | +4.4% |
| Remuneration, social security and pensions | 62 | €148,650 | €192,454 | +€43,805 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,159 | €17,214 | -€3,945 | -18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €396,635 | €728,850 | +€332,215 | +83.8% |
| Other operating charges | 640/8 | €1,673 | €1,103 | -€570 | -34.1% |
| Operating profit (loss) | 9901 | -€217,212 | -€577,853 | -€360,641 | -166% |
| Financial income | 75/76B | €717,517 | €1,029,625 | +€312,109 | +43.5% |
| Recurring financial income | 75 | €717,517 | €829,625 | +€112,109 | +15.6% |
| Income from financial fixed assets | 750 | €717,517 | €829,625 | +€112,109 | +15.6% |
| Income from current assets | 751 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €190,265 | €1,474,009 | +€1.3m | +675% |
| Recurring financial charges | 65 | €190,265 | €123,793 | -€66,472 | -34.9% |
| Debt charges | 650 | €189,330 | €123,791 | -€65,539 | -34.6% |
| Other financial charges | 652/9 | €935 | €2 | -€933 | -99.7% |
| Non-recurring financial charges | 66B | €0 | €1,350,216 | +€1.4m | |
| Profit (loss) for the period before taxes | 9903 | €310,039 | -€1,022,238 | -€1.3m | |
| Income taxes | 67/77 | €953 | €469 | -€484 | -50.8% |
| Taxes | 670/3 | €953 | €469 | -€484 | -50.8% |
| Profit (loss) for the period | 9904 | €309,086 | -€1,022,707 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €309,086 | -€1,022,707 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.