G et V ASSOCIATE: 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 et V ASSOCIATE
Largest movements
- Current assets -€433,400
down €433,400 (-94.7%), from €457,826 to €24,426
- Equity -€283,207
down €283,207 (-99.6%), from €284,212 to €1,005
- Debts -€154,095
down €154,095 (-83.8%), from €183,902 to €29,807
- Gross operating margin +€7,601
up €7,601 (+32.4%), from -€23,431 to -€15,830
- Depreciation -€251
down €251 (-6.1%), from €4,154 to €3,903
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,114 | €30,812 | -€437,303 | -93.4% |
| Fixed assets | 21/28 | €10,288 | €6,386 | -€3,903 | -37.9% |
| Tangible fixed assets | 22/27 | €10,023 | €6,120 | -€3,903 | -38.9% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €457,826 | €24,426 | -€433,400 | -94.7% |
| Amounts receivable within one year | 40/41 | €223,474 | €9,333 | -€214,141 | -95.8% |
| Cash at bank and in hand | 54/58 | €36,108 | €15,093 | -€21,015 | -58.2% |
| Total equity and liabilities | 10/49 | €468,114 | €30,812 | -€437,303 | -93.4% |
| Equity | 10/15 | €284,212 | €1,005 | -€283,207 | -99.6% |
| Contributions | 10/11 | €62,095 | €62,095 | = | 0.0% |
| Reserves | 13 | €688 | €688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,777 | -€61,778 | -€34,001 | -122% |
| Amounts payable | 17/49 | €183,902 | €29,807 | -€154,095 | -83.8% |
| Amounts payable within one year | 42/48 | €183,902 | €19,298 | -€164,604 | -89.5% |
| Trade debts | 44 | €146,459 | €1,066 | -€145,393 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,154 | €3,903 | -€251 | -6.1% |
| Gross operating margin | 9900 | -€23,431 | -€15,830 | +€7,601 | +32.4% |
| Operating profit (loss) | 9901 | -€27,585 | -€33,733 | -€6,148 | -22.3% |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Recurring financial charges | 65 | €658 | €272 | -€386 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,243 | -€34,001 | -€5,758 | -20.4% |
| Profit (loss) for the period | 9904 | -€28,243 | -€34,001 | -€5,758 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,243 | -€34,001 | -€5,758 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2019 and 30 April 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.