GEVERS: 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.
GEVERS
Largest movements
- Current investments +€390,396
up €390,396 (+44.1%), from €885,070 to €1.3m
- Cash +€95,892
up €95,892 (+19.7%), from €486,445 to €582,337
mainly Net result for the year (+€479,480) and Stocks and contracts (+€5,112)
- Reserves +€479,480
up €479,480 (+39.3%), from €1.2m to €1.7m
of which Distributable reserves: +€488,280
- Gross operating margin +€349,336
up €349,336 (+93.8%), from €372,623 to €721,959
- Taxes +€106,405
up €106,405 (+93.2%), from €114,127 to €220,532
- Financial charges +€38,796
up €38,796 (+477.6%), from €8,123 to €46,919
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 | €1,431,447 | €1,913,837 | +€482,390 | +33.7% |
| Fixed assets | 21/28 | €13,752 | €9,942 | -€3,810 | -27.7% |
| Tangible fixed assets | 22/27 | €13,702 | €9,892 | -€3,810 | -27.8% |
| Land and buildings | 22 | €6,132 | €5,238 | -€894 | -14.6% |
| Plant, machinery and equipment | 23 | €769 | €29 | -€740 | -96.2% |
| Furniture and vehicles | 24 | €6,801 | €4,625 | -€2,176 | -32.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,417,695 | €1,903,894 | +€486,200 | +34.3% |
| Stocks and contracts in progress | 3 | €12,009 | €6,897 | -€5,112 | -42.6% |
| Stocks | 30/36 | €12,009 | €6,897 | -€5,112 | -42.6% |
| Amounts receivable within one year | 40/41 | €29,623 | €33,779 | +€4,156 | +14.0% |
| Trade receivables | 40 | €29,532 | €33,779 | +€4,246 | +14.4% |
| Other amounts receivable | 41 | €90 | €0 | -€90 | -100.0% |
| Current investments | 50/53 | €885,070 | €1,275,466 | +€390,396 | +44.1% |
| Cash at bank and in hand | 54/58 | €486,445 | €582,337 | +€95,892 | +19.7% |
| Deferred charges and accrued income | 490/1 | €4,548 | €5,416 | +€868 | +19.1% |
| Total equity and liabilities | 10/49 | €1,431,447 | €1,913,837 | +€482,390 | +33.7% |
| Equity | 10/15 | €1,308,012 | €1,787,492 | +€479,480 | +36.7% |
| Contributions | 10/11 | €88,000 | €88,000 | = | 0.0% |
| Reserves | 13 | €1,220,012 | €1,699,492 | +€479,480 | +39.3% |
| Non-distributable reserves | 130/1 | €8,800 | €0 | -€8,800 | -100.0% |
| Reserves not available under the articles | 1311 | €8,800 | €0 | -€8,800 | -100.0% |
| Distributable reserves | 133 | €1,211,212 | €1,699,492 | +€488,280 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,434 | €126,345 | +€2,910 | +2.4% |
| Amounts payable within one year | 42/48 | €121,175 | €123,290 | +€2,115 | +1.7% |
| Trade debts | 44 | €15,715 | €18,241 | +€2,526 | +16.1% |
| Suppliers | 440/4 | €15,715 | €18,241 | +€2,526 | +16.1% |
| Taxes, remuneration and social security | 45 | €45,658 | €41,570 | -€4,088 | -9.0% |
| Taxes | 450/3 | €45,658 | €41,570 | -€4,088 | -9.0% |
| Other amounts payable | 47/48 | €59,802 | €63,479 | +€3,678 | +6.1% |
| Accrued charges and deferred income | 492/3 | €2,260 | €3,055 | +€795 | +35.2% |
| Non-recurring operating income | 76A | €0 | €340,584 | +€340,584 | |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,806 | €3,810 | +€1,004 | +35.8% |
| Other operating charges | 640/8 | €4,360 | €4,190 | -€170 | -3.9% |
| Non-recurring operating charges | 66A | €1,152 | €0 | -€1,152 | -100.0% |
| Gross operating margin | 9900 | €372,623 | €721,959 | +€349,336 | +93.8% |
| Operating profit (loss) | 9901 | €364,142 | €713,959 | +€349,817 | +96.1% |
| Financial income | 75/76B | €26,800 | €32,972 | +€6,173 | +23.0% |
| Recurring financial income | 75 | €26,800 | €32,972 | +€6,173 | +23.0% |
| Financial charges | 65/66B | €8,123 | €46,919 | +€38,796 | +477.6% |
| Recurring financial charges | 65 | €8,123 | €46,919 | +€38,796 | +477.6% |
| Profit (loss) for the period before taxes | 9903 | €382,819 | €700,012 | +€317,193 | +82.9% |
| Income taxes | 67/77 | €114,127 | €220,532 | +€106,405 | +93.2% |
| Profit (loss) for the period | 9904 | €268,692 | €479,480 | +€210,788 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €268,692 | €479,480 | +€210,788 | +78.4% |
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 6 October 2026 via checked.be.