Ghevina: 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.
Ghevina
Largest movements
- Receivables within one year -€44,023
down €44,023 (-56.2%), from €78,314 to €34,291
of which Other amounts receivable: -€41,033
- Tax, wage and social debts -€42,818
down €42,818 (-92.0%), from €46,553 to €3,735
of which Remuneration and social security: -€37,699
- Accrued charges and deferred income -€1,182
no longer reported in 2025 (was €1,182)
- Gross operating margin +€9,867
up €9,867, from -€7,744 to €2,123
- Financial income -€1,350
down €1,350 (-34.8%), from €3,877 to €2,527
- Other operating charges +€521
up €521 (+69.8%), from €747 to €1,268
- Taxes +€313
up €313 (+55.8%), from €561 to €875
- Financial charges -€211
down €211 (-46.2%), from €455 to €245
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 | €81,161 | €36,592 | -€44,569 | -54.9% |
| Fixed assets | 21/28 | €2,023 | €1,459 | -€564 | -27.9% |
| Tangible fixed assets | 22/27 | €2,023 | €1,459 | -€564 | -27.9% |
| Land and buildings | 22 | €2,023 | €1,459 | -€564 | -27.9% |
| Current assets | 29/58 | €79,138 | €35,133 | -€44,005 | -55.6% |
| Amounts receivable within one year | 40/41 | €78,314 | €34,291 | -€44,023 | -56.2% |
| Trade receivables | 40 | €9,969 | €6,979 | -€2,990 | -30.0% |
| Other amounts receivable | 41 | €68,345 | €27,312 | -€41,033 | -60.0% |
| Cash at bank and in hand | 54/58 | €157 | €605 | +€448 | +286% |
| Deferred charges and accrued income | 490/1 | €667 | €237 | -€430 | -64.5% |
| Total equity and liabilities | 10/49 | €81,161 | €36,592 | -€44,569 | -54.9% |
| Equity | 10/15 | €32,236 | €31,546 | -€690 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,176 | €23,486 | -€690 | -2.9% |
| Amounts payable | 17/49 | €48,925 | €5,046 | -€43,879 | -89.7% |
| Amounts payable within one year | 42/48 | €47,743 | €5,046 | -€42,697 | -89.4% |
| Trade debts | 44 | €1,190 | €1,311 | +€121 | +10.2% |
| Suppliers | 440/4 | €1,190 | €1,311 | +€121 | +10.2% |
| Taxes, remuneration and social security | 45 | €46,553 | €3,735 | -€42,818 | -92.0% |
| Taxes | 450/3 | €8,854 | €3,735 | -€5,119 | -57.8% |
| Remuneration and social security | 454/9 | €37,699 | - | -€37,699 | |
| Accrued charges and deferred income | 492/3 | €1,182 | - | -€1,182 | |
| Remuneration, social security and pensions | 62 | €1,658 | €1,658 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €564 | -€8 | -1.4% |
| Other operating charges | 640/8 | €747 | €1,268 | +€521 | +69.8% |
| Non-recurring operating charges | 66A | - | €730 | +€730 | |
| Gross operating margin | 9900 | -€7,744 | €2,123 | +€9,867 | |
| Operating profit (loss) | 9901 | -€10,722 | -€2,098 | +€8,624 | +80.4% |
| Financial income | 75/76B | €3,877 | €2,527 | -€1,350 | -34.8% |
| Recurring financial income | 75 | €3,877 | €2,527 | -€1,350 | -34.8% |
| Financial charges | 65/66B | €455 | €245 | -€211 | -46.2% |
| Recurring financial charges | 65 | €455 | €245 | -€211 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,299 | €184 | +€7,484 | |
| Income taxes | 67/77 | €561 | €875 | +€313 | +55.8% |
| Profit (loss) for the period | 9904 | -€7,861 | -€690 | +€7,171 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,861 | -€690 | +€7,171 | +91.2% |
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 25 October 2026 via checked.be.