GEVA: what changed
GEVA
Largest movements
- Cash -€5,995
down €5,995 (-9.8%), from €61,332 to €55,337
mainly Net result for the year (-€3,624) and Other debts (-€2,222)
- Reserves -€3,624
down €3,624 (-11.0%), from €32,933 to €29,309
of which Distributable reserves: -€3,624
- Other debts -€2,222
down €2,222 (-10.1%), from €22,050 to €19,828
- Depreciation -€1,831
no longer reported in 2025 (was €1,831)
- Other operating charges +€511
up €511 (+76.2%), from €671 to €1,183
- Gross operating margin +€125
up €125 (+5.3%), from -€2,337 to -€2,212
- Taxes +€50
up €50 (+36.7%), from €135 to €185
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,332 | €55,337 | -€5,995 | -9.8% |
| Current assets | 29/58 | €61,332 | €55,337 | -€5,995 | -9.8% |
| Cash at bank and in hand | 54/58 | €61,332 | €55,337 | -€5,995 | -9.8% |
| Total equity and liabilities | 10/49 | €61,332 | €55,337 | -€5,995 | -9.8% |
| Equity | 10/15 | €39,133 | €35,509 | -€3,624 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,933 | €29,309 | -€3,624 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,073 | €27,449 | -€3,624 | -11.7% |
| Amounts payable | 17/49 | €22,199 | €19,828 | -€2,371 | -10.7% |
| Amounts payable within one year | 42/48 | €22,199 | €19,828 | -€2,371 | -10.7% |
| Trade debts | 44 | €149 | - | -€149 | |
| Suppliers | 440/4 | €149 | - | -€149 | |
| Other amounts payable | 47/48 | €22,050 | €19,828 | -€2,222 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,831 | - | -€1,831 | |
| Other operating charges | 640/8 | €671 | €1,183 | +€511 | +76.2% |
| Gross operating margin | 9900 | -€2,337 | -€2,212 | +€125 | +5.3% |
| Operating profit (loss) | 9901 | -€4,839 | -€3,395 | +€1,444 | +29.8% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,884 | -€3,440 | +€1,444 | +29.6% |
| Income taxes | 67/77 | €135 | €185 | +€50 | +36.7% |
| Profit (loss) for the period | 9904 | -€5,019 | -€3,624 | +€1,395 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,019 | -€3,624 | +€1,395 | +27.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.