GEVIMAR: 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.
GEVIMAR
Largest movements
- Receivables within one year +€75,522
up €75,522 (+12.7%), from €596,229 to €671,751
of which Trade receivables: +€68,114
- Cash -€63,996
down €63,996 (-65.9%), from €97,063 to €33,067
mainly Current portion of long-term debt (-€113,844) and Receivables within one year (-€75,522)
- Tangible fixed assets +€21,545
up €21,545 (+28.9%), from €74,633 to €96,177
of which Other tangible fixed assets: +€37,939
- Current portion of long-term debt -€113,844
down €113,844 (-84.5%), from €134,728 to €20,885
- Short-term financial debts +€110,774
up €110,774 (+110.8%), from €100,000 to €210,774
- Trade debts +€88,119
up €88,119 (+89.0%), from €99,008 to €187,128
- Other debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tax, wage and social debts -€25,479
down €25,479 (-15.8%), from €161,654 to €136,175
of which Remuneration and social security: -€26,839
- Staff costs +€124,395
up €124,395 (+11.3%), from €1.1m to €1.2m
- Taxes -€17,902
down €17,902 (-55.9%), from €32,031 to €14,129
- Financial income -€13,017
down €13,017 (-41.6%), from €31,306 to €18,289
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 | €870,987 | €899,688 | +€28,701 | +3.3% |
| Fixed assets | 21/28 | €77,832 | €97,904 | +€20,073 | +25.8% |
| Intangible fixed assets | 21 | €2,944 | €1,472 | -€1,472 | -50.0% |
| Tangible fixed assets | 22/27 | €74,633 | €96,177 | +€21,545 | +28.9% |
| Plant, machinery and equipment | 23 | €1,516 | €938 | -€579 | -38.2% |
| Furniture and vehicles | 24 | €50,279 | €34,463 | -€15,816 | -31.5% |
| Other tangible fixed assets | 26 | €22,838 | €60,777 | +€37,939 | +166.1% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €793,155 | €801,784 | +€8,628 | +1.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €596,229 | €671,751 | +€75,522 | +12.7% |
| Trade receivables | 40 | €547,047 | €615,161 | +€68,114 | +12.5% |
| Other amounts receivable | 41 | €49,182 | €56,590 | +€7,407 | +15.1% |
| Cash at bank and in hand | 54/58 | €97,063 | €33,067 | -€63,996 | -65.9% |
| Deferred charges and accrued income | 490/1 | €99,863 | €96,966 | -€2,897 | -2.9% |
| Total equity and liabilities | 10/49 | €870,987 | €899,688 | +€28,701 | +3.3% |
| Equity | 10/15 | €294,190 | €295,640 | +€1,451 | +0.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €211,743 | €211,743 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,743 | €11,743 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,446 | €3,897 | +€1,451 | +59.3% |
| Amounts payable | 17/49 | €576,797 | €604,048 | +€27,251 | +4.7% |
| Amounts payable after more than one year | 17 | €31,407 | €49,022 | +€17,615 | +56.1% |
| Financial debts | 170/4 | €31,407 | €49,022 | +€17,615 | +56.1% |
| Amounts payable within one year | 42/48 | €545,390 | €554,961 | +€9,570 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €134,728 | €20,885 | -€113,844 | -84.5% |
| Financial debts | 43 | €100,000 | €210,774 | +€110,774 | +110.8% |
| Credit institutions | 430/8 | €100,000 | €210,774 | +€110,774 | +110.8% |
| Trade debts | 44 | €99,008 | €187,128 | +€88,119 | +89.0% |
| Suppliers | 440/4 | €99,008 | €187,128 | +€88,119 | +89.0% |
| Taxes, remuneration and social security | 45 | €161,654 | €136,175 | -€25,479 | -15.8% |
| Taxes | 450/3 | €37,782 | €39,142 | +€1,360 | +3.6% |
| Remuneration and social security | 454/9 | €123,872 | €97,033 | -€26,839 | -21.7% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,101,402 | €1,225,797 | +€124,395 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,708 | €32,979 | -€3,729 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €5,100 | +€5,100 | |
| Other operating charges | 640/8 | €126 | €2,810 | +€2,684 | +2129.9% |
| Non-recurring operating charges | 66A | €9,286 | €434 | -€8,852 | -95.3% |
| Gross operating margin | 9900 | €1,292,591 | €1,293,433 | +€842 | +0.1% |
| Operating profit (loss) | 9901 | €145,069 | €26,314 | -€118,755 | -81.9% |
| Financial income | 75/76B | €31,306 | €18,289 | -€13,017 | -41.6% |
| Recurring financial income | 75 | €31,306 | €18,289 | -€13,017 | -41.6% |
| Financial charges | 65/66B | €19,038 | €29,023 | +€9,985 | +52.5% |
| Recurring financial charges | 65 | €19,038 | €29,023 | +€9,985 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €157,337 | €15,579 | -€141,758 | -90.1% |
| Income taxes | 67/77 | €32,031 | €14,129 | -€17,902 | -55.9% |
| Profit (loss) for the period | 9904 | €125,306 | €1,451 | -€123,856 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €125,306 | €1,451 | -€123,856 | -98.8% |
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 7 October 2026 via checked.be.