G.V.P. ENJOY: 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.P. ENJOY
Largest movements
- Stocks and contracts -€191,057
down €191,057 (-25.9%), from €738,596 to €547,539
- Cash -€124,289
down €124,289 (-47.5%), from €261,790 to €137,501
mainly Other debts (-€294,482) and Contributions, distributions and other (-€49,000)
- Other debts -€294,482
down €294,482 (-82.1%), from €358,736 to €64,254
- Gross operating margin -€8,694
down €8,694 (-11.2%), from €77,444 to €68,751
- Taxes -€1,857
down €1,857 (-9.6%), from €19,375 to €17,517
- Financial charges -€1,440
down €1,440 (-26.3%), from €5,471 to €4,030
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 | €1,034,992 | €723,732 | -€311,260 | -30.1% |
| Fixed assets | 21/28 | €20,772 | €16,495 | -€4,277 | -20.6% |
| Intangible fixed assets | 21 | €719 | €135 | -€584 | -81.2% |
| Tangible fixed assets | 22/27 | €9,879 | €6,186 | -€3,693 | -37.4% |
| Plant, machinery and equipment | 23 | €4,766 | €2,916 | -€1,850 | -38.8% |
| Furniture and vehicles | 24 | €5,113 | €3,270 | -€1,843 | -36.0% |
| Financial fixed assets | 28 | €10,174 | €10,174 | = | 0.0% |
| Current assets | 29/58 | €1,014,220 | €707,236 | -€306,984 | -30.3% |
| Stocks and contracts in progress | 3 | €738,596 | €547,539 | -€191,057 | -25.9% |
| Stocks | 30/36 | €738,596 | €547,539 | -€191,057 | -25.9% |
| Amounts receivable within one year | 40/41 | €5,000 | €13,329 | +€8,329 | +167% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €8,329 | +€8,329 | |
| Cash at bank and in hand | 54/58 | €261,790 | €137,501 | -€124,289 | -47.5% |
| Deferred charges and accrued income | 490/1 | €8,833 | €8,867 | +€34 | +0.4% |
| Total equity and liabilities | 10/49 | €1,034,992 | €723,732 | -€311,260 | -30.1% |
| Equity | 10/15 | €605,853 | €598,653 | -€7,200 | -1.2% |
| Contributions | 10/11 | €217,002 | €217,002 | = | 0.0% |
| Reserves | 13 | €388,851 | €381,651 | -€7,200 | -1.9% |
| Tax-exempt reserves | 132 | €775 | €775 | = | 0.0% |
| Distributable reserves | 133 | €388,076 | €380,876 | -€7,200 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €429,139 | €125,078 | -€304,060 | -70.9% |
| Amounts payable within one year | 42/48 | €429,139 | €125,078 | -€304,060 | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €1,953 | +€1,953 | |
| Other loans | 439 | - | €1,953 | +€1,953 | |
| Trade debts | 44 | €12,471 | €3,364 | -€9,107 | -73.0% |
| Suppliers | 440/4 | €12,471 | €3,364 | -€9,107 | -73.0% |
| Advances received on contracts in progress | 46 | €5,093 | €3,333 | -€1,760 | -34.6% |
| Taxes, remuneration and social security | 45 | €52,838 | €52,174 | -€664 | -1.3% |
| Taxes | 450/3 | €52,838 | €52,174 | -€664 | -1.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €358,736 | €64,254 | -€294,482 | -82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,849 | €4,277 | +€428 | +11.1% |
| Other operating charges | 640/8 | €968 | €1,252 | +€285 | +29.5% |
| Gross operating margin | 9900 | €77,444 | €68,751 | -€8,694 | -11.2% |
| Operating profit (loss) | 9901 | €72,628 | €63,221 | -€9,407 | -13.0% |
| Financial income | 75/76B | €0 | €126 | +€126 | +62,950% |
| Recurring financial income | 75 | €0 | €126 | +€126 | +62,950% |
| Financial charges | 65/66B | €5,471 | €4,030 | -€1,440 | -26.3% |
| Recurring financial charges | 65 | €5,471 | €4,030 | -€1,440 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €67,157 | €59,317 | -€7,840 | -11.7% |
| Income taxes | 67/77 | €19,375 | €17,517 | -€1,857 | -9.6% |
| Profit (loss) for the period | 9904 | €47,783 | €41,800 | -€5,983 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,783 | €41,800 | -€5,983 | -12.5% |
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 26 October 2026 via checked.be.