GEVOSTOCK: 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.
GEVOSTOCK
Largest movements
- Stocks and contracts +€29,292
up €29,292 (+60.0%), from €48,832 to €78,124
- Other debts +€29,289
up €29,289 (+43.8%), from €66,887 to €96,176
- Trade debts +€15,536
up €15,536 (+16.7%), from €92,870 to €108,406
- Gross operating margin -€35,059
down €35,059 (-66.0%), from €53,140 to €18,081
- Taxes -€13,308
down €13,308 (-100.0%), from €13,308 to €0
- Financial charges +€9,996
up €9,996 (+166.9%), from €5,989 to €15,986
- Other operating charges -€4,251
down €4,251 (-66.4%), from €6,404 to €2,153
- Depreciation +€883
new in 2025: €883
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 | €627,321 | €669,691 | +€42,370 | +6.8% |
| Fixed assets | 21/28 | €135 | €2,754 | +€2,619 | +1939.9% |
| Tangible fixed assets | 22/27 | - | €2,619 | +€2,619 | |
| Plant, machinery and equipment | 23 | - | €2,619 | +€2,619 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €627,186 | €666,937 | +€39,751 | +6.3% |
| Stocks and contracts in progress | 3 | €48,832 | €78,124 | +€29,292 | +60.0% |
| Stocks | 30/36 | €48,832 | €78,124 | +€29,292 | +60.0% |
| Amounts receivable within one year | 40/41 | €559,395 | €563,406 | +€4,011 | +0.7% |
| Trade receivables | 40 | €521,804 | €494,802 | -€27,002 | -5.2% |
| Other amounts receivable | 41 | €37,591 | €68,604 | +€31,013 | +82.5% |
| Cash at bank and in hand | 54/58 | €18,959 | €25,407 | +€6,448 | +34.0% |
| Total equity and liabilities | 10/49 | €627,321 | €669,691 | +€42,370 | +6.8% |
| Equity | 10/15 | €336,815 | €336,291 | -€524 | -0.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €330,618 | €330,093 | -€524 | -0.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €328,758 | €328,234 | -€524 | -0.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €290,506 | €333,401 | +€42,894 | +14.8% |
| Amounts payable within one year | 42/48 | €290,506 | €333,401 | +€42,894 | +14.8% |
| Financial debts | 43 | €120,000 | €120,000 | = | 0.0% |
| Credit institutions | 430/8 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €92,870 | €108,406 | +€15,536 | +16.7% |
| Suppliers | 440/4 | €92,870 | €108,406 | +€15,536 | +16.7% |
| Taxes, remuneration and social security | 45 | €10,750 | €8,818 | -€1,931 | -18.0% |
| Taxes | 450/3 | €10,750 | €8,818 | -€1,931 | -18.0% |
| Other amounts payable | 47/48 | €66,887 | €96,176 | +€29,289 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €883 | +€883 | |
| Other operating charges | 640/8 | €6,404 | €2,153 | -€4,251 | -66.4% |
| Gross operating margin | 9900 | €53,140 | €18,081 | -€35,059 | -66.0% |
| Operating profit (loss) | 9901 | €46,736 | €15,045 | -€31,691 | -67.8% |
| Financial income | 75/76B | - | €417 | +€417 | |
| Recurring financial income | 75 | - | €417 | +€417 | |
| Financial charges | 65/66B | €5,989 | €15,986 | +€9,996 | +166.9% |
| Recurring financial charges | 65 | €5,989 | €15,986 | +€9,996 | +166.9% |
| Profit (loss) for the period before taxes | 9903 | €40,746 | -€524 | -€41,271 | |
| Income taxes | 67/77 | €13,308 | €0 | -€13,308 | -100.0% |
| Profit (loss) for the period | 9904 | €27,438 | -€524 | -€27,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,438 | -€524 | -€27,962 |
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 4 October 2026 via checked.be.