GEVION: what changed
Two financial 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.
GEVION
Largest movements
- Tangible fixed assets +€32,531
up €32,531 (+49.5%), from €65,751 to €98,283
of which Other tangible fixed assets: +€26,302
- Cash +€21,229
up €21,229 (+51.5%), from €41,200 to €62,429
mainly Trade debts (+€98,610) and Depreciation (+€25,131)
- Intangible fixed assets -€6,000
down €6,000 (-92.1%), from €6,518 to €518
- Receivables within one year +€3,169
up €3,169 (+15.6%), from €20,275 to €23,444
- Trade debts +€98,610
up €98,610 (+88.9%), from €110,898 to €209,508
- Profit (loss) carried forward -€31,759
down €31,759 (-24.0%), from -€132,560 to -€164,318
- Other debts -€9,894
down €9,894 (-18.2%), from €54,267 to €44,372
- Debts after one year -€9,735
down €9,735 (-15.3%), from €63,425 to €53,690
- Tax, wage and social debts +€2,915
up €2,915 (+11.5%), from €25,321 to €28,236
of which Taxes: +€2,146
- Gross operating margin -€47,210
down €47,210 (-25.7%), from €183,925 to €136,715
- Staff costs +€8,158
up €8,158 (+7.0%), from €116,995 to €125,153
- Depreciation +€5,887
up €5,887 (+30.6%), from €19,243 to €25,131
- Financial charges -€3,638
down €3,638 (-78.6%), from €4,627 to €989
- Other operating charges +€3,434
up €3,434 (+41.1%), from €8,351 to €11,786
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.
Derived cash bridge
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 | €140,200 | €190,338 | +€50,138 | +35.8% |
| Fixed assets | 21/28 | €72,769 | €99,301 | +€26,531 | +36.5% |
| Intangible fixed assets | 21 | €6,518 | €518 | -€6,000 | -92.1% |
| Tangible fixed assets | 22/27 | €65,751 | €98,283 | +€32,531 | +49.5% |
| Land and buildings | 22 | €973 | €2,068 | +€1,094 | +112% |
| Plant, machinery and equipment | 23 | €5,155 | €10,864 | +€5,709 | +111% |
| Furniture and vehicles | 24 | €3,290 | €2,717 | -€573 | -17.4% |
| Other tangible fixed assets | 26 | €56,332 | €82,634 | +€26,302 | +46.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,431 | €91,038 | +€23,606 | +35.0% |
| Stocks and contracts in progress | 3 | €1,000 | - | -€1,000 | |
| Stocks | 30/36 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €20,275 | €23,444 | +€3,169 | +15.6% |
| Trade receivables | 40 | €20,275 | €23,444 | +€3,169 | +15.6% |
| Cash at bank and in hand | 54/58 | €41,200 | €62,429 | +€21,229 | +51.5% |
| Deferred charges and accrued income | 490/1 | €4,956 | €5,165 | +€209 | +4.2% |
| Total equity and liabilities | 10/49 | €140,200 | €190,338 | +€50,138 | +35.8% |
| Equity | 10/15 | -€122,560 | -€154,318 | -€31,759 | -25.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,560 | -€164,318 | -€31,759 | -24.0% |
| Amounts payable | 17/49 | €262,760 | €344,656 | +€81,896 | +31.2% |
| Amounts payable after more than one year | 17 | €63,425 | €53,690 | -€9,735 | -15.3% |
| Financial debts | 170/4 | €63,425 | €53,690 | -€9,735 | -15.3% |
| Amounts payable within one year | 42/48 | €199,335 | €290,966 | +€91,631 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €8,850 | €8,850 | = | 0.0% |
| Trade debts | 44 | €110,898 | €209,508 | +€98,610 | +88.9% |
| Suppliers | 440/4 | €110,898 | €209,508 | +€98,610 | +88.9% |
| Taxes, remuneration and social security | 45 | €25,321 | €28,236 | +€2,915 | +11.5% |
| Taxes | 450/3 | €11,368 | €13,514 | +€2,146 | +18.9% |
| Remuneration and social security | 454/9 | €13,952 | €14,722 | +€770 | +5.5% |
| Other amounts payable | 47/48 | €54,267 | €44,372 | -€9,894 | -18.2% |
| Non-recurring operating income | 76A | €2,626 | - | -€2,626 | |
| Remuneration, social security and pensions | 62 | €116,995 | €125,153 | +€8,158 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,243 | €25,131 | +€5,887 | +30.6% |
| Other operating charges | 640/8 | €8,351 | €11,786 | +€3,434 | +41.1% |
| Non-recurring operating charges | 66A | €323 | €5,500 | +€5,177 | +1,605% |
| Gross operating margin | 9900 | €183,925 | €136,715 | -€47,210 | -25.7% |
| Operating profit (loss) | 9901 | €39,013 | -€30,854 | -€69,867 | |
| Financial income | 75/76B | €89 | €224 | +€135 | +152% |
| Recurring financial income | 75 | €89 | €224 | +€135 | +152% |
| Financial charges | 65/66B | €4,627 | €989 | -€3,638 | -78.6% |
| Recurring financial charges | 65 | €4,627 | €989 | -€3,638 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €34,476 | -€31,618 | -€66,093 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €34,336 | -€31,759 | -€66,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,336 | -€31,759 | -€66,095 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.