GEVO MANAGEMENT: 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.
GEVO MANAGEMENT
Largest movements
- Tangible fixed assets +€34,534
up €34,534 (+384%), from €9,002 to €43,536
of which Furniture and vehicles: +€36,355
- Current investments +€31,268
up €31,268 (+17.4%), from €180,000 to €211,268
- Cash -€13,383
down €13,383 (-36.2%), from €36,956 to €23,573
mainly Contributions, distributions and other (-€53,347) and Investment in fixed assets (net) (-€45,443)
- Debts after one year +€28,994
new in 2025: €28,994
- Other debts +€9,948
up €9,948 (+22.9%), from €43,483 to €53,431
- Current portion of long-term debt +€7,310
up €7,310 (+517%), from €1,415 to €8,725
- Short-term financial debts +€3,797
new in 2025: €3,797
- Gross operating margin +€5,665
up €5,665 (+7.0%), from €80,721 to €86,386
- Depreciation +€4,989
up €4,989 (+84.3%), from €5,921 to €10,909
- Financial charges +€2,241
up €2,241 (+236%), from €951 to €3,192
- Taxes -€2,216
down €2,216 (-10.5%), from €21,176 to €18,961
- Financial income -€1,688
down €1,688 (-29.2%), from €5,777 to €4,089
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 | €235,202 | €286,289 | +€51,087 | +21.7% |
| Fixed assets | 21/28 | €9,002 | €43,536 | +€34,534 | +384% |
| Tangible fixed assets | 22/27 | €9,002 | €43,536 | +€34,534 | +384% |
| Plant, machinery and equipment | 23 | €6,142 | €4,799 | -€1,343 | -21.9% |
| Furniture and vehicles | 24 | - | €36,355 | +€36,355 | |
| Other tangible fixed assets | 26 | €2,860 | €2,383 | -€478 | -16.7% |
| Current assets | 29/58 | €226,200 | €242,753 | +€16,553 | +7.3% |
| Amounts receivable within one year | 40/41 | €6,275 | €6,474 | +€199 | +3.2% |
| Trade receivables | 40 | €6,275 | €5,363 | -€912 | -14.5% |
| Other amounts receivable | 41 | - | €1,111 | +€1,111 | |
| Current investments | 50/53 | €180,000 | €211,268 | +€31,268 | +17.4% |
| Cash at bank and in hand | 54/58 | €36,956 | €23,573 | -€13,383 | -36.2% |
| Deferred charges and accrued income | 490/1 | €2,969 | €1,438 | -€1,531 | -51.6% |
| Total equity and liabilities | 10/49 | €235,202 | €286,289 | +€51,087 | +21.7% |
| Equity | 10/15 | €180,595 | €182,977 | +€2,382 | +1.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €180,594 | €182,976 | +€2,382 | +1.3% |
| Distributable reserves | 133 | €180,594 | €182,976 | +€2,382 | +1.3% |
| Amounts payable | 17/49 | €54,607 | €103,312 | +€48,705 | +89.2% |
| Amounts payable after more than one year | 17 | - | €28,994 | +€28,994 | |
| Financial debts | 170/4 | - | €28,994 | +€28,994 | |
| Amounts payable within one year | 42/48 | €54,031 | €73,806 | +€19,775 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €1,415 | €8,725 | +€7,310 | +517% |
| Financial debts | 43 | - | €3,797 | +€3,797 | |
| Credit institutions | 430/8 | - | €3,797 | +€3,797 | |
| Trade debts | 44 | €1,033 | €1,180 | +€148 | +14.3% |
| Suppliers | 440/4 | €1,033 | €1,180 | +€148 | +14.3% |
| Taxes, remuneration and social security | 45 | €8,101 | €6,673 | -€1,428 | -17.6% |
| Taxes | 450/3 | €8,101 | €6,673 | -€1,428 | -17.6% |
| Other amounts payable | 47/48 | €43,483 | €53,431 | +€9,948 | +22.9% |
| Accrued charges and deferred income | 492/3 | €576 | €512 | -€65 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,921 | €10,909 | +€4,989 | +84.3% |
| Other operating charges | 640/8 | €1,550 | €1,684 | +€134 | +8.6% |
| Gross operating margin | 9900 | €80,721 | €86,386 | +€5,665 | +7.0% |
| Operating profit (loss) | 9901 | €73,250 | €73,793 | +€543 | +0.7% |
| Financial income | 75/76B | €5,777 | €4,089 | -€1,688 | -29.2% |
| Recurring financial income | 75 | €5,777 | €4,089 | -€1,688 | -29.2% |
| Financial charges | 65/66B | €951 | €3,192 | +€2,241 | +236% |
| Recurring financial charges | 65 | €951 | €3,192 | +€2,241 | +236% |
| Profit (loss) for the period before taxes | 9903 | €78,076 | €74,689 | -€3,387 | -4.3% |
| Income taxes | 67/77 | €21,176 | €18,961 | -€2,216 | -10.5% |
| Profit (loss) for the period | 9904 | €56,900 | €55,729 | -€1,171 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,900 | €55,729 | -€1,171 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.