GEVEX: 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.
What changed
GEVEX
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€912,859
2024 · €908,608+€4,251
Equity
€880,078
2024 · €2.0m-€1.1m
Cash
€808,978
2024 · €494,967+€314,011
Balance sheet total
€3.5m
2024 · €2.6m+€879,006
Largest movements
Assets
- Receivables within one year +€710,984
up €710,984 (+245.9%), from €289,111 to €1.0m
of which Other amounts receivable: +€676,574
- Cash +€314,011
up €314,011 (+63.4%), from €494,967 to €808,978
mainly Other debts (+€2.0m) and Net result for the year (+€912,859)
- Tangible fixed assets -€109,430
down €109,430 (-16.5%), from €661,969 to €552,539
- Current investments -€37,346
down €37,346 (-3.2%), from €1.2m to €1.1m
Equity and liabilities
- Other debts +€2.0m
up €2.0m (+6276.5%), from €31,865 to €2.0m
- Profit (loss) carried forward -€1.1m
down €1.1m (-56.3%), from €1.9m to €850,001
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€908,608
Gross operating margin
+€16,472
Staff costs
-€10,962
Depreciation
+€8,819
Other operating charges
+€2,155
Financial income
-€13,347
Financial charges
+€2,128
Taxes
-€1,015
Result 2025
€912,859
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.
From operations
+€2.3m
Investment
+€23,369
Financing
-€2.0m
Cash 2024
€494,967
From operations (derived)
+€2.3m
Net result for the year
+€912,859
Depreciation
+€120,118
Smaller working-capital items
+€2,582
Receivables within one year
-€710,984
Tax, wage and social debts
+€6,523
Other debts
+€2.0m
Investment (derived)
+€23,369
Investment in fixed assets (net)
-€13,977
Current investments
+€37,346
Financing
-€2.0m
Debts after one year
-€21,464
Current portion of long-term debt
-€9,544
Contributions, distributions and other
-€2.0m
Cash 2025
€808,978
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,628,772 | €3,507,777 | +€879,006 | +33.4% |
| Fixed assets | 21/28 | €664,129 | €557,988 | -€106,141 | -16.0% |
| Tangible fixed assets | 22/27 | €661,969 | €552,539 | -€109,430 | -16.5% |
| Land and buildings | 22 | €143,452 | €126,812 | -€16,639 | -11.6% |
| Plant, machinery and equipment | 23 | €13,503 | €12,103 | -€1,401 | -10.4% |
| Furniture and vehicles | 24 | €109,869 | €60,440 | -€49,430 | -45.0% |
| Other tangible fixed assets | 26 | €395,144 | €353,184 | -€41,961 | -10.6% |
| Financial fixed assets | 28 | €2,160 | €5,449 | +€3,289 | +152.3% |
| Current assets | 29/58 | €1,964,643 | €2,949,790 | +€985,147 | +50.1% |
| Amounts receivable after more than one year | 29 | €1,096 | - | -€1,096 | |
| Other amounts receivable | 291 | €1,096 | - | -€1,096 | |
| Amounts receivable within one year | 40/41 | €289,111 | €1,000,095 | +€710,984 | +245.9% |
| Trade receivables | 40 | €264,970 | €299,380 | +€34,410 | +13.0% |
| Other amounts receivable | 41 | €24,141 | €700,716 | +€676,574 | +2802.5% |
| Current investments | 50/53 | €1,170,563 | €1,133,218 | -€37,346 | -3.2% |
| Cash at bank and in hand | 54/58 | €494,967 | €808,978 | +€314,011 | +63.4% |
| Deferred charges and accrued income | 490/1 | €8,905 | €7,499 | -€1,406 | -15.8% |
| Total equity and liabilities | 10/49 | €2,628,772 | €3,507,777 | +€879,006 | +33.4% |
| Equity | 10/15 | €1,976,641 | €880,078 | -€1.1m | -55.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,477 | €11,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,617 | €9,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,946,563 | €850,001 | -€1.1m | -56.3% |
| Amounts payable | 17/49 | €652,131 | €2,627,699 | +€2.0m | +302.9% |
| Amounts payable after more than one year | 17 | €446,807 | €425,344 | -€21,464 | -4.8% |
| Financial debts | 170/4 | €443,202 | €390,521 | -€52,681 | -11.9% |
| Other amounts payable | 178/9 | €3,605 | €34,823 | +€31,217 | +865.9% |
| Amounts payable within one year | 42/48 | €205,324 | €2,202,355 | +€2.0m | +972.6% |
| Current portion of amounts payable after more than one year | 42 | €62,225 | €52,681 | -€9,544 | -15.3% |
| Trade debts | 44 | €19,637 | €19,717 | +€80 | +0.4% |
| Suppliers | 440/4 | €19,637 | €19,717 | +€80 | +0.4% |
| Taxes, remuneration and social security | 45 | €91,597 | €98,120 | +€6,523 | +7.1% |
| Taxes | 450/3 | €4,944 | €4,953 | +€9 | +0.2% |
| Remuneration and social security | 454/9 | €86,653 | €93,167 | +€6,514 | +7.5% |
| Other amounts payable | 47/48 | €31,865 | €2,031,837 | +€2.0m | +6276.5% |
| Non-recurring operating income | 76A | €18,768 | €29,836 | +€11,068 | +59.0% |
| Remuneration, social security and pensions | 62 | €702,815 | €713,777 | +€10,962 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,938 | €120,118 | -€8,819 | -6.8% |
| Other operating charges | 640/8 | €8,231 | €6,076 | -€2,155 | -26.2% |
| Gross operating margin | 9900 | €2,058,840 | €2,075,311 | +€16,472 | +0.8% |
| Operating profit (loss) | 9901 | €1,218,855 | €1,235,340 | +€16,484 | +1.4% |
| Financial income | 75/76B | €24,492 | €11,146 | -€13,347 | -54.5% |
| Recurring financial income | 75 | €24,492 | €11,146 | -€13,347 | -54.5% |
| Financial charges | 65/66B | €21,140 | €19,012 | -€2,128 | -10.1% |
| Recurring financial charges | 65 | €21,140 | €19,012 | -€2,128 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €1,222,208 | €1,227,473 | +€5,266 | +0.4% |
| Income taxes | 67/77 | €313,599 | €314,614 | +€1,015 | +0.3% |
| Profit (loss) for the period | 9904 | €908,608 | €912,859 | +€4,251 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €908,608 | €912,859 | +€4,251 | +0.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.