G.V.B. Services: 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.V.B. Services
Largest movements
- Stocks and contracts -€229,147
no longer reported in 2025 (was €229,147)
- Receivables within one year +€83,488
up €83,488 (+134%), from €62,253 to €145,741
of which Other amounts receivable: +€74,269
- Cash +€33,777
up €33,777 (+51.9%), from €65,118 to €98,895
mainly Stocks and contracts (+€229,147) and Net result for the year (+€110,295)
- Current investments +€11,500
new in 2025: €11,500
- Financial fixed assets -€5,802
down €5,802 (-40.7%), from €14,240 to €8,438
- Tax, wage and social debts -€206,485
down €206,485 (-76.8%), from €268,699 to €62,214
of which Taxes: -€204,681
- Profit (loss) carried forward +€110,295
new in 2025: €110,295
- Other debts -€6,211
down €6,211 (-100%), from €6,211 to €0
- Short-term financial debts -€6,001
down €6,001 (-100%), from €6,001 to €0
- Gross operating margin +€248,388
up €248,388, from -€92,579 to €155,809
- Staff costs -€49,190
down €49,190 (-85.2%), from €57,726 to €8,536
- Other operating charges +€11,233
up €11,233 (+219%), from €5,136 to €16,369
- Write-downs -€7,230
no longer reported in 2025 (was €7,230)
From the 2024 result to the 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,338 | €325,981 | -€110,357 | -25.3% |
| Fixed assets | 21/28 | €79,820 | €69,845 | -€9,975 | -12.5% |
| Tangible fixed assets | 22/27 | €65,580 | €61,407 | -€4,173 | -6.4% |
| Land and buildings | 22 | €11,823 | €10,503 | -€1,320 | -11.2% |
| Plant, machinery and equipment | 23 | €4,190 | €2,695 | -€1,495 | -35.7% |
| Furniture and vehicles | 24 | €49,567 | €48,209 | -€1,358 | -2.7% |
| Financial fixed assets | 28 | €14,240 | €8,438 | -€5,802 | -40.7% |
| Current assets | 29/58 | €356,518 | €256,136 | -€100,382 | -28.2% |
| Stocks and contracts in progress | 3 | €229,147 | - | -€229,147 | |
| Contracts in progress | 37 | €229,147 | - | -€229,147 | |
| Amounts receivable within one year | 40/41 | €62,253 | €145,741 | +€83,488 | +134% |
| Trade receivables | 40 | €62,253 | €71,472 | +€9,219 | +14.8% |
| Other amounts receivable | 41 | - | €74,269 | +€74,269 | |
| Current investments | 50/53 | - | €11,500 | +€11,500 | |
| Cash at bank and in hand | 54/58 | €65,118 | €98,895 | +€33,777 | +51.9% |
| Total equity and liabilities | 10/49 | €436,338 | €325,981 | -€110,357 | -25.3% |
| Equity | 10/15 | €135,430 | €245,725 | +€110,295 | +81.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,230 | €129,230 | = | 0.0% |
| 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 | €127,370 | €127,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €110,295 | +€110,295 | |
| Amounts payable | 17/49 | €300,908 | €80,256 | -€220,652 | -73.3% |
| Amounts payable after more than one year | 17 | €18,043 | €18,043 | -€0 | 0.0% |
| Financial debts | 170/4 | €18,043 | €18,043 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €282,865 | €62,214 | -€220,651 | -78.0% |
| Financial debts | 43 | €6,001 | €0 | -€6,001 | -100% |
| Credit institutions | 430/8 | €6,001 | €0 | -€6,001 | -100% |
| Trade debts | 44 | €1,954 | €0 | -€1,954 | -100% |
| Suppliers | 440/4 | €1,954 | €0 | -€1,954 | -100% |
| Taxes, remuneration and social security | 45 | €268,699 | €62,214 | -€206,485 | -76.8% |
| Taxes | 450/3 | €266,895 | €62,214 | -€204,681 | -76.7% |
| Remuneration and social security | 454/9 | €1,804 | €0 | -€1,804 | -100% |
| Other amounts payable | 47/48 | €6,211 | €0 | -€6,211 | -100% |
| Remuneration, social security and pensions | 62 | €57,726 | €8,536 | -€49,190 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,738 | €10,173 | +€435 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,230 | - | -€7,230 | |
| Other operating charges | 640/8 | €5,136 | €16,369 | +€11,233 | +219% |
| Gross operating margin | 9900 | -€92,579 | €155,809 | +€248,388 | |
| Operating profit (loss) | 9901 | -€172,409 | €120,730 | +€293,139 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €9,543 | €10,438 | +€895 | +9.4% |
| Recurring financial charges | 65 | €9,543 | €10,438 | +€895 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€181,952 | €110,295 | +€292,247 | |
| Profit (loss) for the period | 9904 | -€181,952 | €110,295 | +€292,247 | |
| Profit (loss) for the period to be appropriated | 9905 | -€181,952 | €110,295 | +€292,247 |
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 23 October 2026 via checked.be.