GEVEM: 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.
GEVEM
Largest movements
- Current investments +€50,000
up €50,000 (+33.3%), from €150,000 to €200,000
- Cash -€41,473
down €41,473 (-59.4%), from €69,860 to €28,387
mainly Current investments (-€50,000) and Debts after one year (-€16,811)
- Tangible fixed assets -€37,204
down €37,204 (-26.3%), from €141,531 to €104,327
of which Leasing and similar rights: -€21,860
- Receivables within one year +€8,032
up €8,032 (+121.2%), from €6,628 to €14,660
of which Trade receivables: +€4,904
- Reserves +€20,752
up €20,752 (+7.7%), from €269,809 to €290,561
- Debts after one year -€16,811
down €16,811 (-51.3%), from €32,792 to €15,981
- Other debts -€15,198
down €15,198 (-36.3%), from €41,812 to €26,614
- Tax, wage and social debts -€7,067
down €7,067 (-96.3%), from €7,338 to €271
- Gross operating margin -€130,449
down €130,449 (-62.3%), from €209,292 to €78,843
- Taxes -€40,165
down €40,165 (-68.2%), from €58,907 to €18,742
- Financial income +€3,605
up €3,605 (+102985.7%), from €4 to €3,608
- Other operating charges -€2,436
down €2,436 (-53.0%), from €4,597 to €2,161
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 | €370,411 | €350,325 | -€20,085 | -5.4% |
| Fixed assets | 21/28 | €141,531 | €104,327 | -€37,204 | -26.3% |
| Tangible fixed assets | 22/27 | €141,531 | €104,327 | -€37,204 | -26.3% |
| Land and buildings | 22 | €47,146 | €40,908 | -€6,238 | -13.2% |
| Plant, machinery and equipment | 23 | €26,611 | €17,217 | -€9,394 | -35.3% |
| Furniture and vehicles | 24 | €3,334 | €3,621 | +€287 | +8.6% |
| Leasing and similar rights | 25 | €64,441 | €42,581 | -€21,860 | -33.9% |
| Current assets | 29/58 | €228,879 | €245,998 | +€17,119 | +7.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,628 | €14,660 | +€8,032 | +121.2% |
| Trade receivables | 40 | €0 | €4,904 | +€4,904 | |
| Other amounts receivable | 41 | €6,628 | €9,756 | +€3,128 | +47.2% |
| Current investments | 50/53 | €150,000 | €200,000 | +€50,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €69,860 | €28,387 | -€41,473 | -59.4% |
| Deferred charges and accrued income | 490/1 | €2,391 | €2,951 | +€560 | +23.4% |
| Total equity and liabilities | 10/49 | €370,411 | €350,325 | -€20,085 | -5.4% |
| Equity | 10/15 | €269,809 | €290,561 | +€20,752 | +7.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €269,809 | €290,561 | +€20,752 | +7.7% |
| Distributable reserves | 133 | €269,809 | €290,561 | +€20,752 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €100,601 | €59,764 | -€40,837 | -40.6% |
| Amounts payable after more than one year | 17 | €32,792 | €15,981 | -€16,811 | -51.3% |
| Financial debts | 170/4 | €32,792 | €15,981 | -€16,811 | -51.3% |
| Amounts payable within one year | 42/48 | €67,410 | €43,784 | -€23,626 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €16,185 | €16,811 | +€626 | +3.9% |
| Trade debts | 44 | €2,074 | €88 | -€1,986 | -95.8% |
| Suppliers | 440/4 | €2,074 | €88 | -€1,986 | -95.8% |
| Taxes, remuneration and social security | 45 | €7,338 | €271 | -€7,067 | -96.3% |
| Taxes | 450/3 | €7,338 | €271 | -€7,067 | -96.3% |
| Other amounts payable | 47/48 | €41,812 | €26,614 | -€15,198 | -36.3% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,280 | €38,878 | -€1,403 | -3.5% |
| Other operating charges | 640/8 | €4,597 | €2,161 | -€2,436 | -53.0% |
| Gross operating margin | 9900 | €209,292 | €78,843 | -€130,449 | -62.3% |
| Operating profit (loss) | 9901 | €164,415 | €37,804 | -€126,611 | -77.0% |
| Financial income | 75/76B | €4 | €3,608 | +€3,605 | +102985.7% |
| Recurring financial income | 75 | €4 | €3,608 | +€3,605 | +102985.7% |
| Financial charges | 65/66B | €2,683 | €1,918 | -€764 | -28.5% |
| Recurring financial charges | 65 | €2,683 | €1,918 | -€764 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €161,735 | €39,494 | -€122,242 | -75.6% |
| Income taxes | 67/77 | €58,907 | €18,742 | -€40,165 | -68.2% |
| Profit (loss) for the period | 9904 | €102,829 | €20,752 | -€82,077 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,829 | €20,752 | -€82,077 | -79.8% |
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.