Gevitec: 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.
Gevitec
Largest movements
- Receivables after one year +€1.1m
new in 2024: €1.1m
- Financial fixed assets -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Receivables within one year -€734,617
down €734,617 (-27.8%), from €2.6m to €1.9m
of which Trade receivables: -€778,303
- Cash +€263,132
up €263,132 (+26.4%), from €998,098 to €1.3m
mainly Net result for the year (+€1.1m) and Investment in fixed assets (net) (+€868,598)
- Deferred charges and accrued income +€159,796
up €159,796 (+37.8%), from €423,234 to €583,030
- Profit (loss) carried forward +€1.1m
up €1.1m (+1324.0%), from €85,034 to €1.2m
- Accrued charges and deferred income -€671,226
down €671,226 (-94.9%), from €707,320 to €36,094
- Other debts -€399,529
down €399,529 (-100.0%), from €399,529 to €0
- Tax, wage and social debts +€307,693
up €307,693 (+134.2%), from €229,290 to €536,983
of which Remuneration and social security: +€237,920
- Trade debts -€300,555
down €300,555 (-13.1%), from €2.3m to €2.0m
- Turnover +€2.1m
up €2.1m (+14.1%), from €14.9m to €17.0m
- Purchases and services +€1.5m
up €1.5m (+13.6%), from €10.7m to €12.2m
- Gross operating margin +€660,974
up €660,974 (+15.5%), from €4.3m to €4.9m
- Staff costs +€315,038
up €315,038 (+10.7%), from €2.9m to €3.3m
- Financial income -€289,482
down €289,482 (-82.2%), from €352,155 to €62,673
of which Financial income: -€300,321
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,120,543 | €6,006,642 | -€113,901 | -1.9% |
| Fixed assets | 21/28 | €1,599,323 | €667,392 | -€931,932 | -58.3% |
| Intangible fixed assets | 21 | €3,909 | €17,554 | +€13,645 | +349.0% |
| Tangible fixed assets | 22/27 | €495,414 | €649,838 | +€154,424 | +31.2% |
| Land and buildings | 22 | €447,770 | €564,026 | +€116,256 | +26.0% |
| Plant, machinery and equipment | 23 | €14,156 | €18,126 | +€3,970 | +28.0% |
| Furniture and vehicles | 24 | €33,488 | €67,686 | +€34,198 | +102.1% |
| Financial fixed assets | 28 | €1,100,000 | €0 | -€1.1m | -100.0% |
| Current assets | 29/58 | €4,521,220 | €5,339,251 | +€818,031 | +18.1% |
| Amounts receivable after more than one year | 29 | - | €1,110,839 | +€1.1m | |
| Other amounts receivable | 291 | - | €1,110,839 | +€1.1m | |
| Stocks and contracts in progress | 3 | €458,086 | €477,078 | +€18,992 | +4.1% |
| Stocks | 30/36 | €458,086 | €477,078 | +€18,992 | +4.1% |
| Amounts receivable within one year | 40/41 | €2,641,691 | €1,907,073 | -€734,617 | -27.8% |
| Trade receivables | 40 | €2,468,629 | €1,690,325 | -€778,303 | -31.5% |
| Other amounts receivable | 41 | €173,062 | €216,748 | +€43,686 | +25.2% |
| Current investments | 50/53 | €111 | €0 | -€111 | -100.0% |
| Cash at bank and in hand | 54/58 | €998,098 | €1,261,230 | +€263,132 | +26.4% |
| Deferred charges and accrued income | 490/1 | €423,234 | €583,030 | +€159,796 | +37.8% |
| Total equity and liabilities | 10/49 | €6,120,543 | €6,006,642 | -€113,901 | -1.9% |
| Equity | 10/15 | €1,184,251 | €2,310,100 | +€1.1m | +95.1% |
| Contributions | 10/11 | €51,041 | €51,041 | = | 0.0% |
| Reserves | 13 | €1,048,176 | €1,048,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,176 | €9,296 | -€38,880 | -80.7% |
| Reserves not available under the articles | 1311 | €48,176 | €9,296 | -€38,880 | -80.7% |
| Tax-exempt reserves | 132 | - | €38,880 | +€38,880 | |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,034 | €1,210,882 | +€1.1m | +1324.0% |
| Amounts payable | 17/49 | €4,936,292 | €3,696,542 | -€1.2m | -25.1% |
| Amounts payable after more than one year | 17 | €974,415 | €836,590 | -€137,825 | -14.1% |
| Financial debts | 170/4 | €974,415 | €836,590 | -€137,825 | -14.1% |
| Amounts payable within one year | 42/48 | €3,254,557 | €2,823,858 | -€430,699 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €328,419 | €290,095 | -€38,324 | -11.7% |
| Financial debts | 43 | €0 | €16 | +€16 | |
| Credit institutions | 430/8 | €0 | €16 | +€16 | |
| Trade debts | 44 | €2,297,319 | €1,996,764 | -€300,555 | -13.1% |
| Suppliers | 440/4 | €2,297,319 | €1,996,764 | -€300,555 | -13.1% |
| Taxes, remuneration and social security | 45 | €229,290 | €536,983 | +€307,693 | +134.2% |
| Taxes | 450/3 | €113,371 | €183,143 | +€69,773 | +61.5% |
| Remuneration and social security | 454/9 | €115,920 | €353,840 | +€237,920 | +205.2% |
| Other amounts payable | 47/48 | €399,529 | €0 | -€399,529 | -100.0% |
| Accrued charges and deferred income | 492/3 | €707,320 | €36,094 | -€671,226 | -94.9% |
| Turnover | 70 | €14,891,382 | €16,997,457 | +€2.1m | +14.1% |
| Non-recurring operating income | 76A | €800 | €880 | +€80 | +10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,698,789 | €12,150,289 | +€1.5m | +13.6% |
| Remuneration, social security and pensions | 62 | €2,947,009 | €3,262,048 | +€315,038 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,800 | €63,333 | +€16,533 | +35.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €27,013 | €25,417 | -€1,596 | -5.9% |
| Non-recurring operating charges | 66A | - | €5,154 | +€5,154 | |
| Gross operating margin | 9900 | €4,259,898 | €4,920,871 | +€660,974 | +15.5% |
| Operating profit (loss) | 9901 | €1,239,075 | €1,564,920 | +€325,844 | +26.3% |
| Financial income | 75/76B | €352,155 | €62,673 | -€289,482 | -82.2% |
| Recurring financial income | 75 | €352,155 | €51,834 | -€300,321 | -85.3% |
| Non-recurring financial income | 76B | €0 | €10,839 | +€10,839 | |
| Financial charges | 65/66B | €162,025 | €118,706 | -€43,318 | -26.7% |
| Recurring financial charges | 65 | €107,076 | €118,706 | +€11,631 | +10.9% |
| Non-recurring financial charges | 66B | €54,949 | €0 | -€54,949 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,429,205 | €1,508,886 | +€79,681 | +5.6% |
| Income taxes | 67/77 | €243,000 | €383,037 | +€140,037 | +57.6% |
| Profit (loss) for the period | 9904 | €1,186,205 | €1,125,849 | -€60,356 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,186,205 | €1,125,849 | -€60,356 | -5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.