S3-GEVITEC: 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.
What changed
S3-GEVITEC
NACE 82.990, Other business support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€178,953
2023 · €1.3m-€1.2m
Equity
€2.0m
2023 · €1.8m+€178,953
Cash
€4,353
2023 · €58,368-€54,015
Balance sheet total
€6.0m
2023 · €5.4m+€561,295
Largest movements
Assets
- Financial fixed assets +€1.1m
up €1.1m (+23.0%), from €4.7m to €5.8m
- Receivables after one year -€379,416
down €379,416 (-100%), from €379,416 to €0
- Receivables within one year -€85,563
down €85,563 (-36.5%), from €234,200 to €148,637
of which Other amounts receivable: -€100,083
Equity and liabilities
- Debts after one year +€354,984
up €354,984 (+10.8%), from €3.3m to €3.7m
of which Other amounts payable: +€1.1m
- Reserves +€178,953
up €178,953 (+11.6%), from €1.5m to €1.7m
of which Distributable reserves: +€178,953
Income statement
- Financial income -€1.2m
down €1.2m (-81.5%), from €1.4m to €260,457
- Turnover +€414,000
new in 2024: €414,000
- Services and other goods +€364,456
new in 2024: €364,456
- Gross operating margin -€90,314
no longer reported in 2024 (was €90,314)
- Financial charges -€21,415
down €21,415 (-14.1%), from €151,378 to €129,962
From the 2023 result to the 2024 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.
Result 2023
€1.3m
Turnover
+€414,000
Services and other goods
-€364,456
Other operating charges
-€592
Other operating items
-€90,314
Financial income
-€1.2m
Financial charges
+€21,415
Result 2024
€178,953
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€678,391
Investment
-€1.1m
Financing
+€358,433
Cash 2023
€58,368
From operations (derived)
+€678,391
Net result for the year
+€178,953
Receivables after one year
+€379,416
Receivables within one year
+€85,563
Deferred charges and accrued income
+€10,551
Trade debts
+€12,001
Tax, wage and social debts
-€11,375
Accrued charges and deferred income
+€23,283
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€358,433
Debts after one year
+€354,984
Current portion of long-term debt
+€3,449
Cash 2024
€4,353
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,423,387 | €5,984,682 | +€561,295 | +10.3% |
| Fixed assets | 21/28 | €4,740,853 | €5,831,692 | +€1.1m | +23.0% |
| Financial fixed assets | 28 | €4,740,853 | €5,831,692 | +€1.1m | +23.0% |
| Affiliated companies | 280/1 | - | €5,831,692 | +€5.8m | |
| Participating interests | 280 | - | €5,831,692 | +€5.8m | |
| Current assets | 29/58 | €682,534 | €152,990 | -€529,544 | -77.6% |
| Amounts receivable after more than one year | 29 | €379,416 | €0 | -€379,416 | -100% |
| Other amounts receivable | 291 | €379,416 | €0 | -€379,416 | -100% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €234,200 | €148,637 | -€85,563 | -36.5% |
| Trade receivables | 40 | €24,200 | €38,720 | +€14,520 | +60.0% |
| Other amounts receivable | 41 | €210,000 | €109,917 | -€100,083 | -47.7% |
| Cash at bank and in hand | 54/58 | €58,368 | €4,353 | -€54,015 | -92.5% |
| Deferred charges and accrued income | 490/1 | €10,551 | €0 | -€10,551 | -100% |
| Total equity and liabilities | 10/49 | €5,423,387 | €5,984,682 | +€561,295 | +10.3% |
| Equity | 10/15 | €1,844,856 | €2,023,809 | +€178,953 | +9.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,544,856 | €1,723,809 | +€178,953 | +11.6% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €1,514,856 | €1,693,809 | +€178,953 | +11.8% |
| Amounts payable | 17/49 | €3,578,531 | €3,960,873 | +€382,342 | +10.7% |
| Amounts payable after more than one year | 17 | €3,296,131 | €3,651,115 | +€354,984 | +10.8% |
| Financial debts | 170/4 | €1,946,131 | €1,190,276 | -€755,855 | -38.8% |
| Credit institutions | 173 | - | €634,191 | +€634,191 | |
| Other loans | 174 | - | €556,086 | +€556,086 | |
| Other amounts payable | 178/9 | €1,350,000 | €2,460,839 | +€1.1m | +82.3% |
| Amounts payable within one year | 42/48 | €234,989 | €239,064 | +€4,075 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €179,943 | €183,392 | +€3,449 | +1.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,556 | €52,557 | +€12,001 | +29.6% |
| Suppliers | 440/4 | €40,556 | €52,557 | +€12,001 | +29.6% |
| Taxes, remuneration and social security | 45 | €14,490 | €3,114 | -€11,375 | -78.5% |
| Taxes | 450/3 | €14,490 | €3,114 | -€11,375 | -78.5% |
| Other amounts payable | 47/48 | €0 | €0 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,410 | €70,693 | +€23,283 | +49.1% |
| Operating income | 70/76A | - | €414,000 | +€414,000 | |
| Turnover | 70 | - | €414,000 | +€414,000 | |
| Operating charges | 60/66A | - | €365,542 | +€365,542 | |
| Services and other goods | 61 | - | €364,456 | +€364,456 | |
| Other operating charges | 640/8 | €493 | €1,086 | +€592 | +120% |
| Gross operating margin | 9900 | €90,314 | - | -€90,314 | |
| Operating profit (loss) | 9901 | €89,821 | €48,458 | -€41,362 | -46.0% |
| Financial income | 75/76B | €1,410,551 | €260,457 | -€1.2m | -81.5% |
| Recurring financial income | 75 | €1,410,551 | €260,457 | -€1.2m | -81.5% |
| Income from current assets | 751 | - | €260,442 | +€260,442 | |
| Other financial income | 752/9 | - | €15 | +€15 | |
| Financial charges | 65/66B | €151,378 | €129,962 | -€21,415 | -14.1% |
| Recurring financial charges | 65 | €151,378 | €129,962 | -€21,415 | -14.1% |
| Debt charges | 650 | - | €129,798 | +€129,798 | |
| Other financial charges | 652/9 | - | €164 | +€164 | |
| Profit (loss) for the period before taxes | 9903 | €1,348,994 | €178,953 | -€1.2m | -86.7% |
| Profit (loss) for the period | 9904 | €1,348,994 | €178,953 | -€1.2m | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,348,994 | €178,953 | -€1.2m | -86.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.