GEVIN: 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.
GEVIN
Largest movements
- Tangible fixed assets -€27,891
down €27,891 (-39.6%), from €70,373 to €42,482
of which Furniture and vehicles: -€19,677
- Financial fixed assets +€25,000
new in 2025: €25,000
- Receivables within one year +€5,238
up €5,238 (+14.1%), from €37,158 to €42,396
of which Trade receivables: +€8,729
- Other debts +€58,653
new in 2025: €58,653
- Reserves -€53,986
down €53,986 (-65.0%), from €83,051 to €29,066
- Current portion of long-term debt -€7,107
down €7,107 (-100.0%), from €7,107 to €0
- Trade debts +€2,659
up €2,659 (+60.1%), from €4,428 to €7,087
- Tax, wage and social debts +€2,205
up €2,205 (+109.7%), from €2,010 to €4,215
- Gross operating margin +€78,575
up €78,575 (+122.9%), from €63,919 to €142,494
- Taxes +€20,027
up €20,027 (+218.2%), from €9,179 to €29,205
- Depreciation +€1,809
up €1,809 (+6.6%), from €27,255 to €29,065
- Financial charges +€1,668
up €1,668 (+67.1%), from €2,486 to €4,153
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 | €116,567 | €118,221 | +€1,654 | +1.4% |
| Fixed assets | 21/28 | €70,373 | €67,482 | -€2,891 | -4.1% |
| Tangible fixed assets | 22/27 | €70,373 | €42,482 | -€27,891 | -39.6% |
| Plant, machinery and equipment | 23 | €3,655 | €2,621 | -€1,035 | -28.3% |
| Furniture and vehicles | 24 | €37,901 | €18,225 | -€19,677 | -51.9% |
| Other tangible fixed assets | 26 | €28,817 | €21,637 | -€7,180 | -24.9% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €46,194 | €50,739 | +€4,545 | +9.8% |
| Amounts receivable within one year | 40/41 | €37,158 | €42,396 | +€5,238 | +14.1% |
| Trade receivables | 40 | €27,738 | €36,467 | +€8,729 | +31.5% |
| Other amounts receivable | 41 | €9,421 | €5,929 | -€3,491 | -37.1% |
| Cash at bank and in hand | 54/58 | €6,874 | €6,233 | -€641 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,162 | €2,110 | -€51 | -2.4% |
| Total equity and liabilities | 10/49 | €116,567 | €118,221 | +€1,654 | +1.4% |
| Equity | 10/15 | €101,651 | €47,666 | -€53,986 | -53.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,051 | €29,066 | -€53,986 | -65.0% |
| Distributable reserves | 133 | €83,051 | €29,066 | -€53,986 | -65.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,916 | €70,555 | +€55,640 | +373.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,916 | €70,555 | +€55,640 | +373.0% |
| Current portion of amounts payable after more than one year | 42 | €7,107 | €0 | -€7,107 | -100.0% |
| Financial debts | 43 | €1,371 | €600 | -€770 | -56.2% |
| Credit institutions | 430/8 | €1,371 | €600 | -€770 | -56.2% |
| Trade debts | 44 | €4,428 | €7,087 | +€2,659 | +60.1% |
| Suppliers | 440/4 | €4,428 | €7,087 | +€2,659 | +60.1% |
| Taxes, remuneration and social security | 45 | €2,010 | €4,215 | +€2,205 | +109.7% |
| Taxes | 450/3 | €2,010 | €4,215 | +€2,205 | +109.7% |
| Other amounts payable | 47/48 | - | €58,653 | +€58,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,255 | €29,065 | +€1,809 | +6.6% |
| Other operating charges | 640/8 | €576 | €528 | -€49 | -8.5% |
| Gross operating margin | 9900 | €63,919 | €142,494 | +€78,575 | +122.9% |
| Operating profit (loss) | 9901 | €36,087 | €112,901 | +€76,814 | +212.9% |
| Financial income | 75/76B | €202 | €1,178 | +€975 | +481.9% |
| Recurring financial income | 75 | €202 | €1,178 | +€975 | +481.9% |
| Financial charges | 65/66B | €2,486 | €4,153 | +€1,668 | +67.1% |
| Recurring financial charges | 65 | €2,486 | €4,153 | +€1,668 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €33,804 | €109,926 | +€76,122 | +225.2% |
| Income taxes | 67/77 | €9,179 | €29,205 | +€20,027 | +218.2% |
| Profit (loss) for the period | 9904 | €24,625 | €80,720 | +€56,095 | +227.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,625 | €80,720 | +€56,095 | +227.8% |
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.