GEVELPRO: 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.
GEVELPRO
Largest movements
- Stocks and contracts -€103,645
down €103,645 (-87.0%), from €119,145 to €15,500
of which Stocks: -€103,645
- Receivables within one year -€80,486
down €80,486 (-66.5%), from €121,039 to €40,553
of which Trade receivables: -€63,018
- Tangible fixed assets -€25,523
down €25,523 (-37.2%), from €68,645 to €43,122
of which Plant, machinery and equipment: -€19,512
- Cash +€19,246
up €19,246 (+82.3%), from €23,397 to €42,644
mainly Stocks and contracts (+€103,645) and Receivables within one year (+€80,486)
- Reserves -€131,586
down €131,586 (-76.5%), from €172,004 to €40,418
- Other debts -€32,539
down €32,539 (-70.4%), from €46,218 to €13,679
- Debts after one year -€12,124
down €12,124 (-26.3%), from €46,099 to €33,975
- Current portion of long-term debt -€5,362
down €5,362 (-30.7%), from €17,486 to €12,124
- Trade debts -€5,333
down €5,333 (-11.1%), from €48,208 to €42,876
- Gross operating margin -€159,869
down €159,869, from €63,163 to -€96,706
- Financial charges -€5,658
down €5,658 (-50.7%), from €11,156 to €5,497
of which Non-recurring financial charges: -€4,000
- Taxes -€4,649
down €4,649 (-93.3%), from €4,984 to €335
- Depreciation +€1,498
up €1,498 (+6.0%), from €24,925 to €26,423
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 | €336,239 | €149,556 | -€186,683 | -55.5% |
| Fixed assets | 21/28 | €68,645 | €45,422 | -€23,223 | -33.8% |
| Tangible fixed assets | 22/27 | €68,645 | €43,122 | -€25,523 | -37.2% |
| Land and buildings | 22 | €30,542 | €25,359 | -€5,183 | -17.0% |
| Plant, machinery and equipment | 23 | €36,315 | €16,802 | -€19,512 | -53.7% |
| Furniture and vehicles | 24 | €1,788 | €961 | -€828 | -46.3% |
| Financial fixed assets | 28 | - | €2,300 | +€2,300 | |
| Current assets | 29/58 | €267,594 | €104,134 | -€163,460 | -61.1% |
| Stocks and contracts in progress | 3 | €119,145 | €15,500 | -€103,645 | -87.0% |
| Stocks | 30/36 | €119,145 | €15,500 | -€103,645 | -87.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €121,039 | €40,553 | -€80,486 | -66.5% |
| Trade receivables | 40 | €103,549 | €40,531 | -€63,018 | -60.9% |
| Other amounts receivable | 41 | €17,490 | €22 | -€17,468 | -99.9% |
| Cash at bank and in hand | 54/58 | €23,397 | €42,644 | +€19,246 | +82.3% |
| Deferred charges and accrued income | 490/1 | €4,013 | €5,437 | +€1,425 | +35.5% |
| Total equity and liabilities | 10/49 | €336,239 | €149,556 | -€186,683 | -55.5% |
| Equity | 10/15 | €172,005 | €40,419 | -€131,586 | -76.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €172,004 | €40,418 | -€131,586 | -76.5% |
| Distributable reserves | 133 | €172,004 | €40,418 | -€131,586 | -76.5% |
| Amounts payable | 17/49 | €164,234 | €109,137 | -€55,097 | -33.5% |
| Amounts payable after more than one year | 17 | €46,099 | €33,975 | -€12,124 | -26.3% |
| Financial debts | 170/4 | €46,099 | €33,975 | -€12,124 | -26.3% |
| Amounts payable within one year | 42/48 | €118,135 | €74,762 | -€43,373 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €17,486 | €12,124 | -€5,362 | -30.7% |
| Trade debts | 44 | €48,208 | €42,876 | -€5,333 | -11.1% |
| Suppliers | 440/4 | €48,208 | €42,876 | -€5,333 | -11.1% |
| Taxes, remuneration and social security | 45 | €6,223 | €6,084 | -€139 | -2.2% |
| Taxes | 450/3 | €6,223 | €6,084 | -€139 | -2.2% |
| Other amounts payable | 47/48 | €46,218 | €13,679 | -€32,539 | -70.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €28,192 | €1,658 | -€26,534 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,925 | €26,423 | +€1,498 | +6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,654 | €2,651 | -€3 | -0.1% |
| Gross operating margin | 9900 | €63,163 | -€96,706 | -€159,869 | |
| Operating profit (loss) | 9901 | €35,584 | -€125,780 | -€161,364 | |
| Financial income | 75/76B | €655 | €26 | -€629 | -96.0% |
| Recurring financial income | 75 | €655 | €26 | -€629 | -96.0% |
| Financial charges | 65/66B | €11,156 | €5,497 | -€5,658 | -50.7% |
| Recurring financial charges | 65 | €7,156 | €5,497 | -€1,658 | -23.2% |
| Non-recurring financial charges | 66B | €4,000 | €0 | -€4,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €25,084 | -€131,251 | -€156,335 | |
| Income taxes | 67/77 | €4,984 | €335 | -€4,649 | -93.3% |
| Profit (loss) for the period | 9904 | €20,100 | -€131,586 | -€151,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,100 | -€131,586 | -€151,686 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.