G.V.D.C.: 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.D.C.
Largest movements
- Receivables within one year +€1,988
new in 2025: €1,988
- Cash -€923
down €923 (-66.5%), from €1,387 to €464
mainly Debts after one year (-€9,113) and Receivables within one year (-€1,988)
- Profit (loss) carried forward +€9,213
up €9,213 (+35.9%), from -€25,695 to -€16,482
- Debts after one year -€9,113
no longer reported in 2025 (was €9,113)
- Trade debts +€965
new in 2025: €965
- Depreciation -€1,482
no longer reported in 2025 (was €1,482)
- Gross operating margin -€875
down €875 (-8.5%), from €10,282 to €9,407
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 | €2,010 | €3,075 | +€1,065 | +53.0% |
| Fixed assets | 21/28 | €623 | €623 | = | 0.0% |
| Financial fixed assets | 28 | €623 | €623 | = | 0.0% |
| Current assets | 29/58 | €1,387 | €2,452 | +€1,065 | +76.8% |
| Amounts receivable within one year | 40/41 | - | €1,988 | +€1,988 | |
| Other amounts receivable | 41 | - | €1,988 | +€1,988 | |
| Cash at bank and in hand | 54/58 | €1,387 | €464 | -€923 | -66.5% |
| Total equity and liabilities | 10/49 | €2,010 | €3,075 | +€1,065 | +53.0% |
| Equity | 10/15 | -€7,103 | €2,110 | +€9,213 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,695 | -€16,482 | +€9,213 | +35.9% |
| Amounts payable | 17/49 | €9,113 | €965 | -€8,148 | -89.4% |
| Amounts payable after more than one year | 17 | €9,113 | - | -€9,113 | |
| Other amounts payable | 178/9 | €9,113 | - | -€9,113 | |
| Amounts payable within one year | 42/48 | - | €965 | +€965 | |
| Trade debts | 44 | - | €965 | +€965 | |
| Suppliers | 440/4 | - | €965 | +€965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,482 | - | -€1,482 | |
| Gross operating margin | 9900 | €10,282 | €9,407 | -€875 | -8.5% |
| Operating profit (loss) | 9901 | €8,800 | €9,407 | +€607 | +6.9% |
| Financial charges | 65/66B | €200 | €193 | -€7 | -3.5% |
| Recurring financial charges | 65 | €200 | €193 | -€7 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €8,600 | €9,214 | +€614 | +7.1% |
| Profit (loss) for the period | 9904 | €8,600 | €9,214 | +€614 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,600 | €9,214 | +€614 | +7.1% |
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 17 October 2026 via checked.be.