G.V. Expertises: 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. Expertises
Largest movements
- Cash +€23,570
up €23,570 (+118%), from €19,918 to €43,488
mainly Depreciation (+€22,791) and Net result for the year (+€17,079)
- Current investments +€20,000
up €20,000 (+222%), from €9,000 to €29,000
- Tangible fixed assets -€14,932
down €14,932 (-17.2%), from €86,661 to €71,730
of which Plant, machinery and equipment: -€8,256
- Profit (loss) carried forward +€17,079
up €17,079 (+21.4%), from €79,875 to €96,954
- Debts after one year -€6,772
down €6,772 (-28.7%), from €23,600 to €16,827
- Trade debts +€6,257
up €6,257 (+35.4%), from €17,650 to €23,906
- Tax, wage and social debts +€5,489
up €5,489 (+13.7%), from €40,027 to €45,516
of which Taxes: +€8,089
- Other debts +€3,761
up €3,761 (+3,736%), from €101 to €3,861
- Gross operating margin -€44,293
down €44,293 (-49.7%), from €89,045 to €44,752
- Taxes -€8,837
down €8,837 (-60.4%), from €14,624 to €5,786
- Depreciation +€8,762
up €8,762 (+62.5%), from €14,029 to €22,791
- Financial income +€1,203
up €1,203 (+94.5%), from €1,273 to €2,476
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 | €168,275 | €195,838 | +€27,562 | +16.4% |
| Fixed assets | 21/28 | €86,661 | €71,730 | -€14,932 | -17.2% |
| Tangible fixed assets | 22/27 | €86,661 | €71,730 | -€14,932 | -17.2% |
| Plant, machinery and equipment | 23 | €50,062 | €41,806 | -€8,256 | -16.5% |
| Furniture and vehicles | 24 | €36,599 | €29,924 | -€6,676 | -18.2% |
| Current assets | 29/58 | €81,614 | €124,108 | +€42,494 | +52.1% |
| Amounts receivable within one year | 40/41 | €49,361 | €47,730 | -€1,631 | -3.3% |
| Trade receivables | 40 | €41,744 | €47,288 | +€5,544 | +13.3% |
| Other amounts receivable | 41 | €7,617 | €442 | -€7,176 | -94.2% |
| Current investments | 50/53 | €9,000 | €29,000 | +€20,000 | +222% |
| Cash at bank and in hand | 54/58 | €19,918 | €43,488 | +€23,570 | +118% |
| Deferred charges and accrued income | 490/1 | €3,335 | €3,890 | +€555 | +16.6% |
| Total equity and liabilities | 10/49 | €168,275 | €195,838 | +€27,562 | +16.4% |
| Equity | 10/15 | €80,375 | €98,954 | +€18,579 | +23.1% |
| Contributions | 10/11 | €500 | €2,000 | +€1,500 | +300% |
| Profit (loss) carried forward | 14 | €79,875 | €96,954 | +€17,079 | +21.4% |
| Amounts payable | 17/49 | €87,900 | €96,884 | +€8,983 | +10.2% |
| Amounts payable after more than one year | 17 | €23,600 | €16,827 | -€6,772 | -28.7% |
| Financial debts | 170/4 | €23,600 | €16,827 | -€6,772 | -28.7% |
| Amounts payable within one year | 42/48 | €64,301 | €80,056 | +€15,755 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €6,523 | €6,772 | +€250 | +3.8% |
| Trade debts | 44 | €17,650 | €23,906 | +€6,257 | +35.4% |
| Suppliers | 440/4 | €17,650 | €23,906 | +€6,257 | +35.4% |
| Taxes, remuneration and social security | 45 | €40,027 | €45,516 | +€5,489 | +13.7% |
| Taxes | 450/3 | €37,427 | €45,516 | +€8,089 | +21.6% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €101 | €3,861 | +€3,761 | +3,736% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,029 | €22,791 | +€8,762 | +62.5% |
| Other operating charges | 640/8 | €29 | €437 | +€408 | +1,412% |
| Gross operating margin | 9900 | €89,045 | €44,752 | -€44,293 | -49.7% |
| Operating profit (loss) | 9901 | €74,987 | €21,524 | -€53,463 | -71.3% |
| Financial income | 75/76B | €1,273 | €2,476 | +€1,203 | +94.5% |
| Recurring financial income | 75 | €1,273 | €2,476 | +€1,203 | +94.5% |
| Financial charges | 65/66B | €1,163 | €1,134 | -€29 | -2.5% |
| Recurring financial charges | 65 | €1,163 | €1,134 | -€29 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €75,097 | €22,866 | -€52,231 | -69.6% |
| Income taxes | 67/77 | €14,624 | €5,786 | -€8,837 | -60.4% |
| Profit (loss) for the period | 9904 | €60,473 | €17,079 | -€43,394 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,473 | €17,079 | -€43,394 | -71.8% |
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.