G.B.V.: 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
G.B.V.
NACE 01.240, Growing of pome and stone fruits
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€2,405
31-12-2024 · -€315,229+€312,824
Equity
€4.0m
31-12-2024 · €4.0m-€2,405
Cash
€19,381
31-12-2024 · €715+€18,666
Balance sheet total
€5.7m
31-12-2024 · €6.0m-€346,794
Largest movements
Assets
- Receivables within one year -€310,531
down €310,531 (-23.2%), from €1.3m to €1.0m
of which Trade receivables: -€259,362
Equity and liabilities
- Short-term financial debts -€568,766
down €568,766 (-81.3%), from €700,016 to €131,250
- Debts after one year +€416,743
up €416,743 (+225%), from €185,000 to €601,743
- Advances received -€219,942
down €219,942 (-26.3%), from €835,665 to €615,724
Income statement
- Depreciation -€400,422
down €400,422 (-84.8%), from €472,392 to €71,971
- Taxes -€39,078
down €39,078 (-96.7%), from €40,404 to €1,327
- Gross operating margin +€16,596
up €16,596 (+11.9%), from €139,098 to €155,694
- Financial charges +€2,804
up €2,804 (+4.3%), from €64,822 to €67,626
- Other operating charges +€1,671
up €1,671 (+9.1%), from €18,455 to €20,126
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€315,229
Gross operating margin
+€16,596
Depreciation
+€400,422
Other operating charges
-€1,671
Financial income
-€37
Financial charges
-€2,804
Taxes
+€39,078
Deferred taxes and other
-€138,759
Result 31-12-2025
-€2,405
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€146,647
Investment
-€26,805
Financing
-€101,175
Cash 31-12-2024
€715
From operations (derived)
+€146,647
Net result for the year
-€2,405
Depreciation
+€71,971
Receivables within one year
+€310,531
Deferred charges and accrued income
+€9,765
Provisions
-€2,950
Trade debts
-€10,896
Tax, wage and social debts
+€790
Advances received
-€219,942
Accrued charges and deferred income
-€10,215
Investment (derived)
-€26,805
Investment in fixed assets (net)
-€26,805
Financing
-€101,175
Debts after one year
+€416,743
Current portion of long-term debt
+€50,847
Short-term financial debts
-€568,766
Cash 31-12-2025
€19,381
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,003,610 | €5,656,816 | -€346,794 | -5.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,649,806 | €4,604,641 | -€45,165 | -1.0% |
| Tangible fixed assets | 22/27 | €815,328 | €770,163 | -€45,165 | -5.5% |
| Land and buildings | 22 | €746,667 | €701,357 | -€45,310 | -6.1% |
| Plant, machinery and equipment | 23 | €68,434 | €68,806 | +€371 | +0.5% |
| Furniture and vehicles | 24 | €227 | €0 | -€227 | -100% |
| Financial fixed assets | 28 | €3,834,479 | €3,834,479 | = | 0.0% |
| Current assets | 29/58 | €1,353,804 | €1,052,175 | -€301,629 | -22.3% |
| Amounts receivable within one year | 40/41 | €1,339,138 | €1,028,607 | -€310,531 | -23.2% |
| Trade receivables | 40 | €795,697 | €536,336 | -€259,362 | -32.6% |
| Other amounts receivable | 41 | €543,441 | €492,272 | -€51,169 | -9.4% |
| Cash at bank and in hand | 54/58 | €715 | €19,381 | +€18,666 | +2,611% |
| Deferred charges and accrued income | 490/1 | €13,951 | €4,186 | -€9,765 | -70.0% |
| Total equity and liabilities | 10/49 | €6,003,610 | €5,656,816 | -€346,794 | -5.8% |
| Equity | 10/15 | €3,964,022 | €3,961,616 | -€2,405 | -0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,445,553 | €3,445,553 | = | 0.0% |
| Reserves | 13 | €456,469 | €454,063 | -€2,405 | -0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,647 | €71,796 | -€8,851 | -11.0% |
| Distributable reserves | 133 | €369,621 | €376,067 | +€6,446 | +1.7% |
| Provisions and deferred taxes | 16 | €20,632 | €17,682 | -€2,950 | -14.3% |
| Deferred taxes | 168 | €20,632 | €17,682 | -€2,950 | -14.3% |
| Amounts payable | 17/49 | €2,018,956 | €1,677,518 | -€341,439 | -16.9% |
| Amounts payable after more than one year | 17 | €185,000 | €601,743 | +€416,743 | +225% |
| Financial debts | 170/4 | €185,000 | €601,743 | +€416,743 | +225% |
| Amounts payable within one year | 42/48 | €1,823,706 | €1,075,740 | -€747,967 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €67,514 | +€50,847 | +305% |
| Financial debts | 43 | €700,016 | €131,250 | -€568,766 | -81.3% |
| Credit institutions | 430/8 | €700,016 | €131,250 | -€568,766 | -81.3% |
| Trade debts | 44 | €216,793 | €205,897 | -€10,896 | -5.0% |
| Suppliers | 440/4 | €216,793 | €205,897 | -€10,896 | -5.0% |
| Advances received on contracts in progress | 46 | €835,665 | €615,724 | -€219,942 | -26.3% |
| Taxes, remuneration and social security | 45 | €51,336 | €52,126 | +€790 | +1.5% |
| Taxes | 450/3 | €51,336 | €52,126 | +€790 | +1.5% |
| Other amounts payable | 47/48 | €3,230 | €3,230 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,250 | €35 | -€10,215 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472,392 | €71,971 | -€400,422 | -84.8% |
| Other operating charges | 640/8 | €18,455 | €20,126 | +€1,671 | +9.1% |
| Gross operating margin | 9900 | €139,098 | €155,694 | +€16,596 | +11.9% |
| Operating profit (loss) | 9901 | -€351,749 | €63,597 | +€415,346 | |
| Financial income | 75/76B | €37 | €0 | -€37 | -98.9% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -98.9% |
| Financial charges | 65/66B | €64,822 | €67,626 | +€2,804 | +4.3% |
| Recurring financial charges | 65 | €64,822 | €67,626 | +€2,804 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€416,534 | -€4,029 | +€412,505 | +99.0% |
| Transfer from deferred taxes | 780 | €141,710 | €2,950 | -€138,759 | -97.9% |
| Income taxes | 67/77 | €40,404 | €1,327 | -€39,078 | -96.7% |
| Profit (loss) for the period | 9904 | -€315,229 | -€2,405 | +€312,824 | +99.2% |
| Transfer from tax-exempt reserves | 789 | €425,129 | €8,851 | -€416,278 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,900 | €6,446 | -€103,454 | -94.1% |
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 16 October 2026 via checked.be.