Gevelplus: 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.
Gevelplus
Largest movements
- Cash -€9,141
down €9,141 (-18.8%), from €48,535 to €39,393
mainly Debts after one year (-€16,680) and Receivables within one year (-€6,402)
- Receivables within one year +€6,402
up €6,402 (+138.1%), from €4,637 to €11,039
- Debts after one year -€16,680
down €16,680 (-68.0%), from €24,527 to €7,847
- Reserves +€12,400
up €12,400 (+71.7%), from €17,300 to €29,700
- Tax, wage and social debts +€1,233
up €1,233 (+13.0%), from €9,467 to €10,700
- Gross operating margin -€6,493
down €6,493 (-25.0%), from €25,968 to €19,475
- Taxes -€1,247
down €1,247 (-26.1%), from €4,783 to €3,537
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 | €54,804 | €52,005 | -€2,800 | -5.1% |
| Fixed assets | 21/28 | €444 | - | -€444 | |
| Tangible fixed assets | 22/27 | €444 | - | -€444 | |
| Furniture and vehicles | 24 | €444 | - | -€444 | |
| Current assets | 29/58 | €54,360 | €52,005 | -€2,356 | -4.3% |
| Amounts receivable within one year | 40/41 | €4,637 | €11,039 | +€6,402 | +138.1% |
| Trade receivables | 40 | €4,637 | €11,039 | +€6,402 | +138.1% |
| Cash at bank and in hand | 54/58 | €48,535 | €39,393 | -€9,141 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,572 | +€383 | +32.2% |
| Total equity and liabilities | 10/49 | €54,804 | €52,005 | -€2,800 | -5.1% |
| Equity | 10/15 | €19,367 | €31,780 | +€12,413 | +64.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,300 | €29,700 | +€12,400 | +71.7% |
| Distributable reserves | 133 | €17,300 | €29,700 | +€12,400 | +71.7% |
| Profit (loss) carried forward | 14 | €67 | €80 | +€13 | +19.8% |
| Amounts payable | 17/49 | €35,437 | €20,225 | -€15,213 | -42.9% |
| Amounts payable after more than one year | 17 | €24,527 | €7,847 | -€16,680 | -68.0% |
| Other amounts payable | 178/9 | €24,527 | €7,847 | -€16,680 | -68.0% |
| Amounts payable within one year | 42/48 | €10,910 | €12,378 | +€1,467 | +13.4% |
| Trade debts | 44 | €1,395 | €1,629 | +€234 | +16.8% |
| Suppliers | 440/4 | €1,395 | €1,629 | +€234 | +16.8% |
| Taxes, remuneration and social security | 45 | €9,467 | €10,700 | +€1,233 | +13.0% |
| Taxes | 450/3 | €9,467 | €10,700 | +€1,233 | +13.0% |
| Other amounts payable | 47/48 | €49 | €49 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €444 | -€89 | -16.7% |
| Other operating charges | 640/8 | €650 | €462 | -€188 | -29.0% |
| Gross operating margin | 9900 | €25,968 | €19,475 | -€6,493 | -25.0% |
| Operating profit (loss) | 9901 | €24,785 | €18,570 | -€6,215 | -25.1% |
| Financial income | 75/76B | €24 | €7 | -€16 | -68.7% |
| Recurring financial income | 75 | €24 | €7 | -€16 | -68.7% |
| Financial charges | 65/66B | €2,677 | €2,627 | -€50 | -1.9% |
| Recurring financial charges | 65 | €2,677 | €2,627 | -€50 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €22,132 | €15,950 | -€6,182 | -27.9% |
| Income taxes | 67/77 | €4,783 | €3,537 | -€1,247 | -26.1% |
| Profit (loss) for the period | 9904 | €17,349 | €12,413 | -€4,936 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,349 | €12,413 | -€4,936 | -28.4% |
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 4 October 2026 via checked.be.