GEVELS GV: what changed
GEVELS GV
Largest movements
- Cash -€6,650
down €6,650 (-77.2%), from €8,612 to €1,962
mainly Trade debts (-€3,888) and Debts after one year (-€3,837)
- Tangible fixed assets -€1,903
down €1,903 (-13.0%), from €14,656 to €12,753
of which Furniture and vehicles: -€1,450
- Trade debts -€3,888
down €3,888 (-40.3%), from €9,657 to €5,769
- Debts after one year -€3,837
down €3,837 (-48.8%), from €7,865 to €4,028
- Other debts -€3,815
down €3,815 (-40.7%), from €9,376 to €5,562
- Profit (loss) carried forward +€2,123
no longer reported in 2025 (was -€2,123)
- Tax, wage and social debts -€1,150
down €1,150 (-52.3%), from €2,200 to €1,050
- Gross operating margin +€3,616
up €3,616 (+121%), from €2,993 to €6,610
- Taxes +€807
new in 2025: €807
- Depreciation +€153
up €153 (+8.8%), from €1,750 to €1,903
- Other operating charges +€128
up €128 (+31.2%), from €412 to €540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,630 | €24,634 | -€8,996 | -26.7% |
| Fixed assets | 21/28 | €15,257 | €13,353 | -€1,903 | -12.5% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -11.4% |
| Tangible fixed assets | 22/27 | €14,656 | €12,753 | -€1,903 | -13.0% |
| Plant, machinery and equipment | 23 | €1,915 | €1,462 | -€453 | -23.7% |
| Furniture and vehicles | 24 | €12,741 | €11,291 | -€1,450 | -11.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €18,374 | €11,281 | -€7,093 | -38.6% |
| Amounts receivable within one year | 40/41 | €9,513 | €9,319 | -€194 | -2.0% |
| Trade receivables | 40 | €6,513 | €3,910 | -€2,603 | -40.0% |
| Other amounts receivable | 41 | €3,000 | €5,409 | +€2,409 | +80.3% |
| Cash at bank and in hand | 54/58 | €8,612 | €1,962 | -€6,650 | -77.2% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €33,630 | €24,634 | -€8,996 | -26.7% |
| Equity | 10/15 | €877 | €3,510 | +€2,633 | +300% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €510 | +€510 | |
| Distributable reserves | 133 | - | €510 | +€510 | |
| Profit (loss) carried forward | 14 | -€2,123 | - | +€2,123 | |
| Amounts payable | 17/49 | €32,753 | €21,125 | -€11,629 | -35.5% |
| Amounts payable after more than one year | 17 | €7,865 | €4,028 | -€3,837 | -48.8% |
| Financial debts | 170/4 | €7,865 | €4,028 | -€3,837 | -48.8% |
| Amounts payable within one year | 42/48 | €24,889 | €16,893 | -€7,996 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €3,655 | €3,837 | +€182 | +5.0% |
| Financial debts | 43 | - | €675 | +€675 | |
| Credit institutions | 430/8 | - | €675 | +€675 | |
| Trade debts | 44 | €9,657 | €5,769 | -€3,888 | -40.3% |
| Suppliers | 440/4 | €9,657 | €5,769 | -€3,888 | -40.3% |
| Taxes, remuneration and social security | 45 | €2,200 | €1,050 | -€1,150 | -52.3% |
| Taxes | 450/3 | €2,200 | €1,050 | -€1,150 | -52.3% |
| Other amounts payable | 47/48 | €9,376 | €5,562 | -€3,815 | -40.7% |
| Accrued charges and deferred income | 492/3 | - | €204 | +€204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,750 | €1,903 | +€153 | +8.8% |
| Other operating charges | 640/8 | €412 | €540 | +€128 | +31.2% |
| Gross operating margin | 9900 | €2,993 | €6,610 | +€3,616 | +121% |
| Operating profit (loss) | 9901 | €831 | €4,166 | +€3,334 | +401% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €818 | €759 | -€59 | -7.2% |
| Recurring financial charges | 65 | €818 | €759 | -€59 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €14 | €3,440 | +€3,426 | +25,360% |
| Income taxes | 67/77 | - | €807 | +€807 | |
| Profit (loss) for the period | 9904 | €14 | €2,633 | +€2,619 | +19,386% |
| Profit (loss) for the period to be appropriated | 9905 | €14 | €2,633 | +€2,619 | +19,386% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.