LE GEVRAY: 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.
LE GEVRAY
Largest movements
- Tangible fixed assets -€141,355
down €141,355 (-15.0%), from €945,140 to €803,785
- Cash -€32,097
down €32,097 (-40.5%), from €79,346 to €47,250
- Stocks and contracts +€23,883
up €23,883 (+11.4%), from €210,249 to €234,132
- Profit (loss) carried forward -€157,731
down €157,731 (-514%), from -€30,678 to -€188,409
- Tax, wage and social debts +€45,636
up €45,636 (+38.3%), from €119,098 to €164,734
of which Remuneration and social security: +€46,465
- Trade debts -€44,239
down €44,239 (-9.4%), from €470,042 to €425,804
- Debts after one year -€29,971
down €29,971 (-6.6%), from €451,634 to €421,662
- Current portion of long-term debt +€22,595
up €22,595 (+22.2%), from €101,866 to €124,461
- Gross operating margin +€399,205
up €399,205 (+54.4%), from €733,737 to €1.1m
- Staff costs +€321,660
up €321,660 (+52.5%), from €612,235 to €933,895
- Depreciation +€115,388
up €115,388 (+71.5%), from €161,490 to €276,877
- Financial charges +€31,812
up €31,812 (+131%), from €24,320 to €56,132
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,032 | €1,186,371 | -€139,661 | -10.5% |
| Fixed assets | 21/28 | €955,973 | €818,850 | -€137,123 | -14.3% |
| Intangible fixed assets | 21 | €10,833 | €15,064 | +€4,231 | +39.1% |
| Tangible fixed assets | 22/27 | €945,140 | €803,785 | -€141,355 | -15.0% |
| Land and buildings | 22 | €622,065 | €559,367 | -€62,697 | -10.1% |
| Plant, machinery and equipment | 23 | €218,937 | €166,985 | -€51,952 | -23.7% |
| Furniture and vehicles | 24 | €66,253 | €62,168 | -€4,085 | -6.2% |
| Leasing and similar rights | 25 | €33,155 | €8,289 | -€24,866 | -75.0% |
| Assets under construction and advance payments | 27 | €4,730 | €6,976 | +€2,246 | +47.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €370,059 | €367,521 | -€2,538 | -0.7% |
| Stocks and contracts in progress | 3 | €210,249 | €234,132 | +€23,883 | +11.4% |
| Stocks | 30/36 | €210,249 | €234,132 | +€23,883 | +11.4% |
| Amounts receivable within one year | 40/41 | €65,217 | €76,564 | +€11,348 | +17.4% |
| Trade receivables | 40 | €60,967 | €71,084 | +€10,117 | +16.6% |
| Other amounts receivable | 41 | €4,250 | €5,480 | +€1,230 | +28.9% |
| Cash at bank and in hand | 54/58 | €79,346 | €47,250 | -€32,097 | -40.5% |
| Deferred charges and accrued income | 490/1 | €15,247 | €9,576 | -€5,671 | -37.2% |
| Total equity and liabilities | 10/49 | €1,326,032 | €1,186,371 | -€139,661 | -10.5% |
| Equity | 10/15 | €140,334 | -€17,397 | -€157,731 | |
| Contributions | 10/11 | €166,000 | €166,000 | = | 0.0% |
| Capital | 10 | €166,000 | €166,000 | = | 0.0% |
| Issued capital | 100 | €166,000 | €166,000 | = | 0.0% |
| Reserves | 13 | €5,012 | €5,012 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,012 | €5,012 | = | 0.0% |
| Legal reserve | 130 | €5,012 | €5,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,678 | -€188,409 | -€157,731 | -514% |
| Amounts payable | 17/49 | €1,185,697 | €1,203,768 | +€18,070 | +1.5% |
| Amounts payable after more than one year | 17 | €451,634 | €421,662 | -€29,971 | -6.6% |
| Financial debts | 170/4 | €451,634 | €421,662 | -€29,971 | -6.6% |
| Amounts payable within one year | 42/48 | €729,444 | €775,526 | +€46,082 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €101,866 | €124,461 | +€22,595 | +22.2% |
| Trade debts | 44 | €470,042 | €425,804 | -€44,239 | -9.4% |
| Suppliers | 440/4 | €470,042 | €425,804 | -€44,239 | -9.4% |
| Taxes, remuneration and social security | 45 | €119,098 | €164,734 | +€45,636 | +38.3% |
| Taxes | 450/3 | €18,965 | €18,136 | -€829 | -4.4% |
| Remuneration and social security | 454/9 | €100,134 | €146,598 | +€46,465 | +46.4% |
| Other amounts payable | 47/48 | €38,437 | €60,527 | +€22,091 | +57.5% |
| Accrued charges and deferred income | 492/3 | €4,620 | €6,579 | +€1,959 | +42.4% |
| Non-recurring operating income | 76A | €12,843 | €8,637 | -€4,206 | -32.7% |
| Remuneration, social security and pensions | 62 | €612,235 | €933,895 | +€321,660 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,490 | €276,877 | +€115,388 | +71.5% |
| Other operating charges | 640/8 | €12,258 | €17,450 | +€5,192 | +42.4% |
| Non-recurring operating charges | 66A | €361 | €4,595 | +€4,234 | +1,172% |
| Gross operating margin | 9900 | €733,737 | €1,132,942 | +€399,205 | +54.4% |
| Operating profit (loss) | 9901 | -€52,608 | -€99,876 | -€47,268 | -89.8% |
| Financial income | 75/76B | €67 | €45 | -€21 | -32.0% |
| Recurring financial income | 75 | €67 | €45 | -€21 | -32.0% |
| Financial charges | 65/66B | €24,320 | €56,132 | +€31,812 | +131% |
| Recurring financial charges | 65 | €24,320 | €56,132 | +€31,812 | +131% |
| Profit (loss) for the period before taxes | 9903 | -€76,861 | -€155,963 | -€79,102 | -103% |
| Income taxes | 67/77 | -€4,184 | €1,768 | +€5,952 | |
| Profit (loss) for the period | 9904 | -€72,678 | -€157,731 | -€85,053 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,678 | -€157,731 | -€85,053 | -117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.