G.D.V.A.: 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.
G.D.V.A.
Largest movements
- Receivables within one year +€3,011
up €3,011 (+115%), from €2,613 to €5,624
of which Trade receivables: +€3,001
- Cash +€1,420
up €1,420 (+137%), from €1,039 to €2,459
mainly Net result for the year (+€7,098) and Trade debts (+€3,159)
- Stocks and contracts +€656
up €656 (+54.0%), from €1,214 to €1,870
- Tangible fixed assets -€596
down €596 (-44.3%), from €1,344 to €748
- Deferred charges and accrued income +€463
up €463 (+127%), from €366 to €830
- Profit (loss) carried forward +€7,098
up €7,098 (+7.3%), from -€96,827 to -€89,729
- Other debts -€6,407
down €6,407 (-10.2%), from €62,526 to €56,119
- Trade debts +€3,159
up €3,159 (+14.3%), from €22,123 to €25,283
- Tax, wage and social debts +€1,104
up €1,104 (+213%), from €518 to €1,621
- Other operating charges -€9,281
down €9,281 (-93.8%), from €9,895 to €614
- Gross operating margin -€5,836
down €5,836 (-29.5%), from €19,794 to €13,957
- Staff costs +€1,874
up €1,874 (+70.4%), from €2,662 to €4,536
- Depreciation -€622
down €622 (-51.1%), from €1,218 to €596
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,940 | €11,895 | +€4,954 | +71.4% |
| Fixed assets | 21/28 | €1,707 | €1,111 | -€596 | -34.9% |
| Tangible fixed assets | 22/27 | €1,344 | €748 | -€596 | -44.3% |
| Plant, machinery and equipment | 23 | €1,344 | €748 | -€596 | -44.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €5,233 | €10,783 | +€5,550 | +106% |
| Stocks and contracts in progress | 3 | €1,214 | €1,870 | +€656 | +54.0% |
| Stocks | 30/36 | €1,214 | €1,870 | +€656 | +54.0% |
| Amounts receivable within one year | 40/41 | €2,613 | €5,624 | +€3,011 | +115% |
| Trade receivables | 40 | €2,520 | €5,521 | +€3,001 | +119% |
| Other amounts receivable | 41 | €93 | €103 | +€10 | +11.2% |
| Cash at bank and in hand | 54/58 | €1,039 | €2,459 | +€1,420 | +137% |
| Deferred charges and accrued income | 490/1 | €366 | €830 | +€463 | +127% |
| Total equity and liabilities | 10/49 | €6,940 | €11,895 | +€4,954 | +71.4% |
| Equity | 10/15 | -€78,227 | -€71,129 | +€7,098 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,827 | -€89,729 | +€7,098 | +7.3% |
| Amounts payable | 17/49 | €85,167 | €83,023 | -€2,144 | -2.5% |
| Amounts payable within one year | 42/48 | €85,167 | €83,023 | -€2,144 | -2.5% |
| Trade debts | 44 | €22,123 | €25,283 | +€3,159 | +14.3% |
| Suppliers | 440/4 | €22,123 | €25,283 | +€3,159 | +14.3% |
| Taxes, remuneration and social security | 45 | €518 | €1,621 | +€1,104 | +213% |
| Taxes | 450/3 | €518 | €1,621 | +€1,104 | +213% |
| Other amounts payable | 47/48 | €62,526 | €56,119 | -€6,407 | -10.2% |
| Remuneration, social security and pensions | 62 | €2,662 | €4,536 | +€1,874 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €596 | -€622 | -51.1% |
| Other operating charges | 640/8 | €9,895 | €614 | -€9,281 | -93.8% |
| Gross operating margin | 9900 | €19,794 | €13,957 | -€5,836 | -29.5% |
| Operating profit (loss) | 9901 | €6,019 | €8,212 | +€2,193 | +36.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,042 | €1,113 | +€72 | +6.9% |
| Recurring financial charges | 65 | €1,042 | €1,113 | +€72 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €4,977 | €7,098 | +€2,121 | +42.6% |
| Profit (loss) for the period | 9904 | €4,977 | €7,098 | +€2,121 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,977 | €7,098 | +€2,121 | +42.6% |
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 16 October 2026 via checked.be.