Gevra: 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.
Gevra
Largest movements
- Stocks and contracts +€61,120
up €61,120 (+5420.3%), from €1,128 to €62,248
of which Contracts in progress: +€59,695
- Tangible fixed assets +€54,601
up €54,601 (+93.3%), from €58,550 to €113,151
of which Leasing and similar rights: +€69,399
- Receivables within one year -€10,183
down €10,183 (-56.2%), from €18,135 to €7,952
of which Trade receivables: -€9,322
- Cash -€2,320
down €2,320 (-97.9%), from €2,370 to €50
mainly Investment in fixed assets (net) (-€80,340) and Stocks and contracts (-€61,120)
- Advances received +€51,632
new in 2025: €51,632
- Debts after one year +€23,533
up €23,533 (+193.9%), from €12,137 to €35,671
- Profit (loss) carried forward +€21,185
no longer reported in 2025 (was -€21,185)
- Trade debts -€19,671
down €19,671 (-63.2%), from €31,140 to €11,469
- Tax, wage and social debts +€7,557
up €7,557 (+553.1%), from €1,366 to €8,924
of which Taxes: +€4,407
- Gross operating margin +€52,885
up €52,885 (+520.8%), from €10,154 to €63,039
- Depreciation +€11,274
up €11,274 (+77.9%), from €14,465 to €25,739
- Taxes +€4,245
up €4,245 (+642.3%), from €661 to €4,906
- Financial charges +€1,471
up €1,471 (+81.7%), from €1,801 to €3,272
- Other operating charges -€673
down €673 (-17.8%), from €3,774 to €3,102
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 | €81,429 | €183,648 | +€102,219 | +125.5% |
| Fixed assets | 21/28 | €58,550 | €113,151 | +€54,601 | +93.3% |
| Tangible fixed assets | 22/27 | €58,550 | €113,151 | +€54,601 | +93.3% |
| Land and buildings | 22 | €758 | €655 | -€103 | -13.6% |
| Plant, machinery and equipment | 23 | €33,092 | €26,116 | -€6,976 | -21.1% |
| Furniture and vehicles | 24 | €24,700 | €16,981 | -€7,719 | -31.3% |
| Leasing and similar rights | 25 | - | €69,399 | +€69,399 | |
| Current assets | 29/58 | €22,879 | €70,497 | +€47,618 | +208.1% |
| Stocks and contracts in progress | 3 | €1,128 | €62,248 | +€61,120 | +5420.3% |
| Stocks | 30/36 | €988 | €2,413 | +€1,425 | +144.3% |
| Contracts in progress | 37 | €140 | €59,835 | +€59,695 | +42639.1% |
| Amounts receivable within one year | 40/41 | €18,135 | €7,952 | -€10,183 | -56.2% |
| Trade receivables | 40 | €17,274 | €7,952 | -€9,322 | -54.0% |
| Other amounts receivable | 41 | €862 | - | -€862 | |
| Cash at bank and in hand | 54/58 | €2,370 | €50 | -€2,320 | -97.9% |
| Deferred charges and accrued income | 490/1 | €1,246 | €247 | -€999 | -80.1% |
| Total equity and liabilities | 10/49 | €81,429 | €183,648 | +€102,219 | +125.5% |
| Equity | 10/15 | -€12,401 | €13,626 | +€26,028 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,784 | €10,626 | +€4,843 | +83.7% |
| Distributable reserves | 133 | €5,784 | €10,626 | +€4,843 | +83.7% |
| Profit (loss) carried forward | 14 | -€21,185 | - | +€21,185 | |
| Amounts payable | 17/49 | €93,830 | €170,021 | +€76,192 | +81.2% |
| Amounts payable after more than one year | 17 | €12,137 | €35,671 | +€23,533 | +193.9% |
| Financial debts | 170/4 | €12,137 | €35,671 | +€23,533 | +193.9% |
| Amounts payable within one year | 42/48 | €81,693 | €134,351 | +€52,658 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €14,444 | €21,481 | +€7,038 | +48.7% |
| Financial debts | 43 | - | €5,117 | +€5,117 | |
| Credit institutions | 430/8 | - | €5,117 | +€5,117 | |
| Trade debts | 44 | €31,140 | €11,469 | -€19,671 | -63.2% |
| Suppliers | 440/4 | €31,140 | €11,469 | -€19,671 | -63.2% |
| Advances received on contracts in progress | 46 | - | €51,632 | +€51,632 | |
| Taxes, remuneration and social security | 45 | €1,366 | €8,924 | +€7,557 | +553.1% |
| Taxes | 450/3 | €1,366 | €5,774 | +€4,407 | +322.5% |
| Remuneration and social security | 454/9 | - | €3,150 | +€3,150 | |
| Other amounts payable | 47/48 | €34,743 | €35,728 | +€986 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,465 | €25,739 | +€11,274 | +77.9% |
| Other operating charges | 640/8 | €3,774 | €3,102 | -€673 | -17.8% |
| Gross operating margin | 9900 | €10,154 | €63,039 | +€52,885 | +520.8% |
| Operating profit (loss) | 9901 | -€8,086 | €34,199 | +€42,284 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +70300.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +70300.0% |
| Financial charges | 65/66B | €1,801 | €3,272 | +€1,471 | +81.7% |
| Recurring financial charges | 65 | €1,801 | €3,272 | +€1,471 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,886 | €30,934 | +€40,820 | |
| Income taxes | 67/77 | €661 | €4,906 | +€4,245 | +642.3% |
| Profit (loss) for the period | 9904 | -€10,547 | €26,028 | +€36,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,547 | €26,028 | +€36,575 |
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 6 October 2026 via checked.be.